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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
CAPTRUST Financial Advisors
76
CAPTRUST Financial Advisors
North Carolina
$210M +$7.3M +14,669 +4%
BFG
77
Bouchey Financial Group
New York
$210M +$699K +1,405 +0.4%
KAM
78
Kensington Asset Management
Texas
$202M +$182M +366,881 New
BB
79
Bell Bank
North Dakota
$197M -$12M -24,057 -6%
JSAM
80
J. Safra Asset Management
New York
$197M +$6.11M +12,286 +4%
Baird Financial Group
81
Baird Financial Group
Wisconsin
$195M -$4.88M -9,817 -3%
IPW
82
Invictus Private Wealth
Colorado
$194M +$3.48M +6,994 +2%
Millennium Management
83
Millennium Management
New York
$192M -$233M -469,021 -57%
MCM
84
MAI Capital Management
Ohio
$191M +$2.35M +4,722 +1%
Jones Financial Companies
85
Jones Financial Companies
Missouri
$190M +$46.9M +94,346 +37%
Lido Advisors
86
Lido Advisors
California
$189M +$18.5M +37,130 +12%
PGFC
87
Peapack-Gladstone Financial Corp
New Jersey
$185M -$653K -1,313 -0.4%
Toronto Dominion Bank
88
Toronto Dominion Bank
Ontario, Canada
$180M -$46.6M -93,795 -22%
CK
89
Cohen Klingenstein
New York
$180M -$10.2M -20,470 -6%
SMFG
90
Sumitomo Mitsui Financial Group
Japan
$180M -$2.83M -5,692 -2%
N
91
Natixis
France
$177M -$13.4M -26,920 -8%
CIG
92
Consolidated Investment Group
Colorado
$169M +$1.74M +3,500 +1%
Daiwa Securities Group
93
Daiwa Securities Group
Japan
$169M +$57.4M +115,364 +61%
MB
94
Mizuho Bank
Japan
$165M +$149M +300,000 New
SPIA
95
Steward Partners Investment Advisory
New York
$157M +$2.74M +5,503 +2%
Corient Private Wealth
96
Corient Private Wealth
Florida
$155M +$7.13M +14,327 +5%
KHLMVGHM
97
Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet
Israel
$152M +$7.5M +15,089 +6%
Northern Trust
98
Northern Trust
Illinois
$151M -$1.51M -3,038 -1%
William Blair & Company
99
William Blair & Company
Illinois
$149M +$6.86M +13,795 +5%
PIS
100
PPSC Investment Service
Japan
$147M -$1.01M -2,024 -0.8%
2 3
4
5 6

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.