Invesco QQQ Trust
QQQ
3,873 hedge funds and large institutions have $140B invested in Invesco QQQ Trust in 2025 Q4 according to their latest regulatory filings, with 497 funds opening new positions, 1,528 increasing their positions, 1,410 reducing their positions, and 127 closing their positions.
291% more first-time investments, than exits
New positions opened: 497 | Existing positions closed: 127
12% more funds holding in top 10
Funds holding in top 10: 779 → 871 (+92)
8% more funds holding
Funds holding: 3,571 → 3,873 (+302)
8% more repeat investments, than reductions
Existing positions increased: 1,528 | Existing positions reduced: 1,410
2% more capital invested
Capital invested by funds: $138B → $140B (+$2.12B)
1.53% less ownership
Funds ownership: 36.77% → 35.24% (-1.5%)
36% less call options, than puts
Call options by funds: $160B | Put options by funds: $249B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.45B |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.17B |
| 3 |
Jane Street
New York
|
+$850M |
| 4 |
AG
AIA Group
Hong Kong
|
+$581M |
| 5 |
AIIMS
Analyst IMS Investment Management Services
Tel-Aviv,
Israel
|
+$437M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.23B |
| 2 |
Goldman Sachs
New York
|
-$2.27B |
| 3 |
Citigroup
New York
|
-$723M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$660M |
| 5 |
HF
HRT Financial
New York
|
-$513M |
QQQ Hedge Fund Activity: Q4 2025 in Review
3,873 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Invesco QQQ Trust (QQQ) for Q4 2025, worth a combined $140B — up 1.5% from $138B a quarter earlier.
Buyers outnumbered sellers: 497 funds opened new QQQ positions and 127 closed out — a net gain of 370 holders — while 1,528 added to existing stakes and 1,410 trimmed.
The largest buyer was Bank of America, adding an estimated $3.45B. The largest seller was Morgan Stanley, cutting an estimated $5.23B.
- 3,873 institutional investors held Invesco QQQ Trust (QQQ) as of Q4 2025, up from 3,571 in Q3 2025.
- Funds reported $140B of Invesco QQQ Trust stock for Q4 2025, up 1.5% quarter-over-quarter.
- 497 funds opened new Invesco QQQ Trust positions in Q4 2025 and 127 closed out, a net change of +370 holders.
- The largest Invesco QQQ Trust buyer in Q4 2025 was Bank of America, an estimated $3.45B added.
- The largest Invesco QQQ Trust seller in Q4 2025 was Morgan Stanley, an estimated $5.23B sold.
Based on aggregated 13F filings for Q4 2025.