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Invesco QQQ Trust
QQQ

3,484 hedge funds and large institutions have $126B invested in Invesco QQQ Trust in 2025 Q2 according to their latest regulatory filings, with 318 funds opening new positions, 1,562 increasing their positions, 1,213 reducing their positions, and 136 closing their positions.

New
Increased
Maintained
Reduced
Closed

134% more first-time investments, than exits

New positions opened: 318 | Existing positions closed: 136

29% more repeat investments, than reductions

Existing positions increased: 1,562 | Existing positions reduced: 1,213

14% more capital invested

Capital invested by funds: $110B → $126B (+$15.6B)

10% more funds holding in top 10

Funds holding in top 10: 706 → 776 (+70)

4% more funds holding

Funds holding: 3,350 → 3,484 (+134)

1.33% less ownership

Funds ownership: 37.91% → 36.58% (-1.3%)

27% less call options, than puts

Call options by funds: $147B | Put options by funds: $201B

Holders
3,484
Holders Change
+134
Holders Change %
+4%
% of All Funds
45.85%
Holding in Top 10
776
Holding in Top 10 Change
+70
Holding in Top 10 Change %
+9.92%
% of All Funds
10.21%
New
318
Increased
1,562
Reduced
1,213
Closed
136
Calls
$147B
Puts
$201B
Net Calls
-$53.7B
Net Calls Change
+$37.3B

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$1.46B
2
Bank of America
Bank of America
North Carolina
+$1.29B
3
PCP
Proficio Capital Partners
Massachusetts
+$998M
4
Barclays
Barclays
United Kingdom
+$882M
5
HF
HRT Financial
New York
+$848M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$1.59B
2
Citadel Advisors
Citadel Advisors
Florida
-$1.1B
3
MMEA
Main Management ETF Advisors
California
-$1.1B
4
JP Morgan Chase
JP Morgan Chase
New York
-$1.06B
5
Morgan Stanley
Morgan Stanley
New York
-$820M
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
3476
Hoey Investments
Pennsylvania
$3.31K – – –
CI
3477
Cordant Inc
Oregon
$3.31K +$2.98K +6 New
HIM
3478
Hillsdale Investment Management
Ontario, Canada
$2.76K – – –
MWA
3479
Miller Wealth Advisors
Colorado
$2.76K – – –
CAM
3480
Clarity Asset Management
Iowa
$2.39K +$1.99K +4 New
CSPIA
3481
Cary Street Partners Investment Advisory
Virginia
$2.21K +$1.99K +4 New
HIW
3482
Holos Integrated Wealth
Pennsylvania
$1.77K – – –
RFG
3483
REAP Financial Group
Texas
$1.1K – – –
WPA
3484
Wealth Preservation Advisors
Tennessee
$1.1K – – –
CAIM
3485
Catherine Avery Investment Management
Florida
$1.1K +$995 +2 New
PEAK6
3486
PEAK6
Illinois
$1.07K -$256M -515,061 -100%
C
3487
Covestor
United Kingdom
$1K +$995 +2 New
1IA
3488
1620 Investment Advisors
Massachusetts
$552 -$1.49K -3 -75%
Bank of Montreal
3489
Bank of Montreal
Ontario, Canada
– -$594M -1,266,731 Closed
SH
3490
Spear Holdings
United Arab Emirates
– -$475M -1,012,112 Closed
APF
3491
Alaska Permanent Fund
Alaska
– -$380M -799,266 Closed
Wolverine Trading
3492
Wolverine Trading
Illinois
– -$296M -631,993 Closed
SAM
3493
Scopus Asset Management
New York
– -$128M -256,400 Closed
HMC
3494
Harvard Management Company
Massachusetts
– -$99.3M -211,820 Closed
WHCM
3495
Wolf Hill Capital Management
Connecticut
– -$71.4M -152,324 Closed
PFM
3496
Potomac Fund Management
Florida
– -$46.3M -98,669 Closed
CCM
3497
Candlestick Capital Management
Connecticut
– -$48.6M -97,753 Closed
RFL
3498
RD Finance Ltd
Cyprus
– -$44.6M -95,150 Closed
Capital Fund Management (CFM)
3499
Capital Fund Management (CFM)
France
– -$33.4M -71,140 Closed
D.E. Shaw & Co
3500
D.E. Shaw & Co
New York
– -$32.5M -69,300 Closed
138 139
140
141 142

QQQ Hedge Fund Activity: Q2 2025 in Review

3,484 of the 7,598 institutional investors tracked by Wall St. Rank reported a position in Invesco QQQ Trust (QQQ) for Q2 2025, worth a combined $126B — up 14% from $110B a quarter earlier.

Buyers outnumbered sellers: 318 funds opened new QQQ positions and 136 closed out — a net gain of 182 holders — while 1,562 added to existing stakes and 1,213 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $1.46B. The largest seller was Wells Fargo, cutting an estimated $1.59B.

  • 3,484 institutional investors held Invesco QQQ Trust (QQQ) as of Q2 2025, up from 3,350 in Q1 2025.
  • Funds reported $126B of Invesco QQQ Trust stock for Q2 2025, up 14% quarter-over-quarter.
  • 318 funds opened new Invesco QQQ Trust positions in Q2 2025 and 136 closed out, a net change of +182 holders.
  • The largest Invesco QQQ Trust buyer in Q2 2025 was Goldman Sachs, an estimated $1.46B added.
  • The largest Invesco QQQ Trust seller in Q2 2025 was Wells Fargo, an estimated $1.59B sold.

Based on aggregated 13F filings for Q2 2025.