Invesco QQQ Trust
QQQ
3,494 hedge funds and large institutions have $126B invested in Invesco QQQ Trust in 2025 Q2 according to their latest regulatory filings, with 319 funds opening new positions, 1,568 increasing their positions, 1,216 reducing their positions, and 135 closing their positions.
136% more first-time investments, than exits
New positions opened: 319 | Existing positions closed: 135
29% more repeat investments, than reductions
Existing positions increased: 1,568 | Existing positions reduced: 1,216
10% more funds holding in top 10
Funds holding in top 10: 710 → 780 (+70)
4% more funds holding
Funds holding: 3,359 → 3,494 (+135)
1.88% less ownership
Funds ownership: 37.9% → 36.01% (-1.9%)
23% less capital inflows, than outflows
Capital inflows: $11.9B | Capital outflows: $15.5B
27% less call options, than puts
Call options by funds: $147B | Put options by funds: $201B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$1.46B |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.29B |
| 3 |
Barclays
London,
United Kingdom
|
+$882M |
| 4 |
HRT Financial
New York
|
+$848M |
| 5 |
Rokos Capital Management (UK)
London,
United Kingdom
|
+$461M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.59B |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$1.1B |
| 3 |
Main Management ETF Advisors
San Francisco,
California
|
-$1.1B |
| 4 |
JP Morgan Chase
New York
|
-$1.06B |
| 5 |
Morgan Stanley
New York
|
-$820M |
QQQ Hedge Fund Activity: Q2 2025 in Review
3,494 of the 7,627 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: 319 funds opened new QQQ positions and 135 closed out — a net gain of 184 holders — while 1,568 added to existing stakes and 1,216 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $1.46B. The largest seller was Wells Fargo, cutting an estimated $1.59B.
- 3,494 institutional investors held Invesco QQQ Trust (QQQ) as of Q2 2025, up from 3,359 in Q1 2025.
- Funds reported $126B of Invesco QQQ Trust stock for Q2 2025, up 14% quarter-over-quarter.
- 319 funds opened new Invesco QQQ Trust positions in Q2 2025 and 135 closed out, a net change of +184 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.