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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
CM
3501
Castleark Management
Illinois
– -$31.2M -66,630 Closed
CWC
3502
Carolinas Wealth Consulting
North Carolina
– -$1.57M -48,772 Closed
AIS
3503
American Investment Services
Massachusetts
– -$15.6M -33,214 Closed
SL
3504
Systelligence LLC
Minnesota
– -$14M -29,766 Closed
ACM
3505
Alight Capital Management
New York
– -$11.7M -25,000 Closed
SM
3506
Scoggin Management
New York
– -$12.4M -25,000 Closed
HT
3507
Headlands Technologies
Illinois
– -$11.6M -24,662 Closed
RCAG
3508
Rehmann Capital Advisory Group
Michigan
– -$11.5M -24,473 Closed
EP
3509
Eversept Partners
New York
– -$11.9M -24,003 Closed
LCG
3510
Luxor Capital Group
New York
– -$10.9M -23,200 Closed
MA
3511
MYDA Advisors
New York
– -$11M -22,100 Closed
N
3512
Nuveen
North Carolina
– -$10.3M -22,000 Closed
TWA
3513
Tandem Wealth Advisors
Arizona
– -$8.12M -17,323 Closed
LA
3514
Legacy Advisors
Pennsylvania
– -$7.43M -15,848 Closed
AI
3515
Atom Investors
Texas
– -$6.72M -14,325 Closed
TCM
3516
TABR Capital Management
California
– -$6.64M -14,151 Closed
CWMGP
3517
Capstone Wealth Management Group (Pennsylvania)
Pennsylvania
– -$6.36M -13,565 Closed
HCA
3518
Harbor Capital Advisors
Illinois
– -$5.75M -12,251 Closed
CCS
3519
Concentric Capital Strategies
Connecticut
– -$5.72M -12,199 Closed
HP
3520
Haven Private
Florida
– -$5.09M -10,857 Closed
EFG
3521
Ethos Financial Group
Pennsylvania
– -$4.89M -9,565 Closed
HFA
3522
High Falls Advisors
New York
– -$4.45M -9,488 Closed
ACM
3523
Ashford Capital Management
Delaware
– -$4.12M -8,780 Closed
FIA
3524
FNY Investment Advisers
New York
– -$4.24M -8,524 Closed
Point72 Asset Management
3525
Point72 Asset Management
Connecticut
– -$4M -8,050 Closed
139 140
141
142 143

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.