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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
Two Sigma Investments
26
Two Sigma Investments
New York
$739M +$215M +432,088 +48%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$729M -$10.4M -20,811 -2%
CM
28
Churchill Management
California
$721M -$24.7M -49,601 -4%
HP
29
Hancock Prospecting
Australia
$705M – – –
HighTower Advisors
30
HighTower Advisors
Illinois
$631M -$21.1M -42,414 -4%
Rockefeller Capital Management
31
Rockefeller Capital Management
New York
$611M +$32.5M +65,387 +6%
Mariner
32
Mariner
Kansas
$585M +$22.7M +45,696 +5%
AIIMS
33
Analyst IMS Investment Management Services
Israel
$578M -$1.02M -2,044 -0.2%
TD Asset Management
34
TD Asset Management
Ontario, Canada
$575M -$167M -335,788 -24%
Truist Financial
35
Truist Financial
North Carolina
$574M -$5.53M -11,129 -1%
Stifel Financial
36
Stifel Financial
Missouri
$535M +$6.91M +13,896 +1%
MML Investors Services
37
MML Investors Services
Massachusetts
$521M +$13.5M +27,198 +3%
RCMU
38
Rokos Capital Management (UK)
United Kingdom
$511M +$461M +926,750 New
BNP Paribas Financial Markets
39
BNP Paribas Financial Markets
France
$505M -$374M -751,562 -45%
Janney Montgomery Scott
40
Janney Montgomery Scott
Pennsylvania
$493M +$27.6M +55,554 +7%
B
41
Barings
North Carolina
$490M -$8.9M -17,900 -2%
HCM
42
Howard Capital Management
Georgia
$481M -$74.7M -150,180 -5%
Alkeon Capital Management
43
Alkeon Capital Management
New York
$469M – – –
AWA
44
Artemis Wealth Advisors
New York
$438M -$12.1M -24,426 -3%
Fidelity Investments
45
Fidelity Investments
Massachusetts
$431M -$15.3M -30,734 -4%
Fiera Capital (Canada)
46
Fiera Capital (Canada)
Quebec, Canada
$413M +$5.95M +11,960 +2%
MMEA
47
Main Management ETF Advisors
California
$405M -$1.1B -2,206,135 -75%
Cerity Partners
48
Cerity Partners
New York
$404M +$16.1M +32,380 +5%
SAG
49
Susquehanna Advisors Group
Pennsylvania
$372M – – –
NAM
50
Nissay Asset Management
Japan
$364M – – –
1
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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.