Invesco QQQ Trust
QQQ
3,571 hedge funds and large institutions have $138B invested in Invesco QQQ Trust in 2025 Q3 according to their latest regulatory filings, with 257 funds opening new positions, 1,542 increasing their positions, 1,274 reducing their positions, and 112 closing their positions.
129% more first-time investments, than exits
New positions opened: 257 | Existing positions closed: 112
21% more repeat investments, than reductions
Existing positions increased: 1,542 | Existing positions reduced: 1,274
10% more capital invested
Capital invested by funds: $126B → $138B (+$12.5B)
2% more funds holding
Funds holding: 3,489 → 3,571 (+82)
0.79% more ownership
Funds ownership: 35.98% → 36.77% (+0.79%)
0% more funds holding in top 10
Funds holding in top 10: 777 → 779 (+2)
37% less call options, than puts
Call options by funds: $172B | Put options by funds: $273B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.4B |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$879M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$706M |
| 4 |
Citigroup
New York
|
+$671M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$473M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.25B |
| 2 |
Barclays
London,
United Kingdom
|
-$1.01B |
| 3 |
JP Morgan Chase
New York
|
-$490M |
| 4 |
HF
HRT Financial
New York
|
-$441M |
| 5 |
MMEA
Main Management ETF Advisors
San Francisco,
California
|
-$405M |
QQQ Hedge Fund Activity: Q3 2025 in Review
3,571 of the 7,646 institutional investors tracked by Wall St. Rank reported a position in Invesco QQQ Trust (QQQ) for Q3 2025, worth a combined $138B — up 10% from $126B a quarter earlier.
Buyers outnumbered sellers: 257 funds opened new QQQ positions and 112 closed out — a net gain of 145 holders — while 1,542 added to existing stakes and 1,274 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.4B. The largest seller was Bank of America, cutting an estimated $2.25B.
- 3,571 institutional investors held Invesco QQQ Trust (QQQ) as of Q3 2025, up from 3,489 in Q2 2025.
- Funds reported $138B of Invesco QQQ Trust stock for Q3 2025, up 10% quarter-over-quarter.
- 257 funds opened new Invesco QQQ Trust positions in Q3 2025 and 112 closed out, a net change of +145 holders.
- The largest Invesco QQQ Trust buyer in Q3 2025 was Morgan Stanley, an estimated $2.4B added.
- The largest Invesco QQQ Trust seller in Q3 2025 was Bank of America, an estimated $2.25B sold.
Based on aggregated 13F filings for Q3 2025.