Invesco QQQ Trust Series 1
QVMM
11 hedge funds and large institutions have $366M invested in Invesco QQQ Trust Series 1 in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 2 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 2
5% more capital invested
Capital invested by funds: $348M → $366M (+$18M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6.11% less ownership
Funds ownership: 99.53% → 93.41% (-6.1%)
8% less funds holding
Funds holding: 12 → 11 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$99.9K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$23.2K |
| 3 |
FFA
Fragasso Financial Advisors
Sewickley,
Pennsylvania
|
+$4.44K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$268 |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$60 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Empirical Asset Management
Wellesley,
Massachusetts
|
-$861K |
| 2 |
Goldman Sachs
New York
|
-$209K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$81K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$5.63K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$29 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MERSOM
1
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
| $360M | – | – | – |
|
|
2
LPL Financial
San Diego,
California
| $2.46M | +$99.9K | +3,355 | +4% |
|
|
PAG
3
Private Advisor Group
Morristown,
New Jersey
| $1.56M | +$23.2K | +779 | +2% |
|
|
EAM
4
Empirical Asset Management
Wellesley,
Massachusetts
| $837K | -$861K | -28,911 | -51% |
|
|
FFA
5
Fragasso Financial Advisors
Sewickley,
Pennsylvania
| $632K | +$4.44K | +149 | +0.7% |
|
|
KAS
6
Kestra Advisory Services
Austin,
Texas
| $319K | +$60 | +2 | +0% |
|
|
7
Citadel Advisors
Miami,
Florida
| $226K | -$81K | -2,719 | -27% |
|
8
Bank of America
Charlotte,
North Carolina
| $195K | – | – | – |
|
9
Osaic Holdings
Scottsdale,
Arizona
| $785 | – | – | – |
|
|
10
UBS Group
Zurich,
Switzerland
| $273 | +$268 | +9 | New |
|
11
Morgan Stanley
New York
| $30 | +$30 | +1 | New |
|
|
12
Goldman Sachs
New York
| – | -$209K | -7,273 | Closed |
|
|
13
Raymond James Financial
St Petersburg,
Florida
| – | -$5.63K | -196 | Closed |
|
|
14
Fidelity Investments
Boston,
Massachusetts
| – | -$29 | -1 | Closed |
|
QVMM Hedge Fund Activity: Q3 2025 in Review
11 of the 7,631 institutional investors tracked by Wall St. Rank reported a position in Invesco QQQ Trust Series 1 (QVMM) for Q3 2025, worth a combined $366M — up 5.2% from $348M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of QVMM and 2 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 4 added.
The largest buyer was LPL Financial, adding an estimated $99.9K. The largest seller was Empirical Asset Management, cutting an estimated $861K.
- 11 institutional investors held Invesco QQQ Trust Series 1 (QVMM) as of Q3 2025, down from 12 in Q2 2025.
- Funds reported $366M of Invesco QQQ Trust Series 1 stock for Q3 2025, up 5.2% quarter-over-quarter.
- 2 funds opened new Invesco QQQ Trust Series 1 positions in Q3 2025 and 3 closed out, a net change of -1 holder.
- The largest Invesco QQQ Trust Series 1 buyer in Q3 2025 was LPL Financial, an estimated $99.9K added.
- The largest Invesco QQQ Trust Series 1 seller in Q3 2025 was Empirical Asset Management, an estimated $861K sold.
Based on aggregated 13F filings for Q3 2025.