Invesco NASDAQ 100 ETF
QQQM
1,185 hedge funds and large institutions have $30B invested in Invesco NASDAQ 100 ETF in 2025 Q4 according to their latest regulatory filings, with 218 funds opening new positions, 573 increasing their positions, 273 reducing their positions, and 45 closing their positions.
384% more first-time investments, than exits
New positions opened: 218 | Existing positions closed: 45
145% more call options, than puts
Call options by funds: $204M | Put options by funds: $83.2M
110% more repeat investments, than reductions
Existing positions increased: 573 | Existing positions reduced: 273
22% more funds holding in top 10
Funds holding in top 10: 131 → 160 (+29)
15% more funds holding
Funds holding: 1,032 → 1,185 (+153)
9% more capital invested
Capital invested by funds: $27.5B → $30B (+$2.5B)
0.33% less ownership
Funds ownership: 43.59% → 43.25% (-0.33%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$759M |
| 2 |
LPL Financial
San Diego,
California
|
+$243M |
| 3 |
PWA
Principia Wealth Advisory
Dallas,
Texas
|
+$227M |
| 4 |
BFG
Bouchey Financial Group
Troy,
New York
|
+$148M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$126M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UIM
USS Investment Management
London,
United Kingdom
|
-$377M |
| 2 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$279M |
| 3 |
Morgan Stanley
New York
|
-$115M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$85.8M |
| 5 |
Two Sigma Investments
New York
|
-$64.2M |
QQQM Hedge Fund Activity: Q4 2025 in Review
1,185 institutional investors reported a position in Invesco NASDAQ 100 ETF (QQQM) for Q4 2025, worth a combined $30B — up 9.1% from $27.5B a quarter earlier.
Buyers outnumbered sellers: 218 funds opened new QQQM positions and 45 closed out — a net gain of 173 holders — while 573 added to existing stakes and 273 trimmed.
The largest buyer was Migdal Insurance & Financial Holdings, adding an estimated $759M. The largest seller was USS Investment Management, exiting entirely with an estimated $377M sold.
- 1,185 institutional investors held Invesco NASDAQ 100 ETF (QQQM) as of Q4 2025, up from 1,032 in Q3 2025.
- Funds reported $30B of Invesco NASDAQ 100 ETF stock for Q4 2025, up 9.1% quarter-over-quarter.
- 218 funds opened new Invesco NASDAQ 100 ETF positions in Q4 2025 and 45 closed out, a net change of +173 holders.
- The largest Invesco NASDAQ 100 ETF buyer in Q4 2025 was Migdal Insurance & Financial Holdings, an estimated $759M added.
- The largest Invesco NASDAQ 100 ETF seller in Q4 2025 was USS Investment Management, an estimated $377M sold.
Based on aggregated 13F filings for Q4 2025.