Invesco QQQ Trust Series 1
QVMM
13 hedge funds and large institutions have $370M invested in Invesco QQQ Trust Series 1 in 2025 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
18% more funds holding
Funds holding: 11 → 13 (+2)
6.03% more ownership
Funds ownership: 93.41% → 99.44% (+6%)
1% more capital invested
Capital invested by funds: $366M → $370M (+$3.32M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$607K |
| 2 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
+$22.4K |
| 3 |
JP Morgan Chase
New York
|
+$22.1K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$20.4K |
| 5 |
FFA
Fragasso Financial Advisors
Sewickley,
Pennsylvania
|
+$1.34K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$2.21M |
| 2 |
EAM
Empirical Asset Management
Wellesley,
Massachusetts
|
-$526K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$226K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$213 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MERSOM
1
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
| $366M | – | – | – |
|
|
PAG
2
Private Advisor Group
Morristown,
New Jersey
| $1.6M | +$20.4K | +669 | +1% |
|
|
FFA
3
Fragasso Financial Advisors
Sewickley,
Pennsylvania
| $639K | +$1.34K | +44 | +0.2% |
|
|
4
Raymond James Financial
St Petersburg,
Florida
| $613K | +$607K | +19,927 | New |
|
|
KAS
5
Kestra Advisory Services
Austin,
Texas
| $324K | +$91 | +3 | +0% |
|
|
EAM
6
Empirical Asset Management
Wellesley,
Massachusetts
| $318K | -$526K | -17,268 | -63% |
|
|
7
LPL Financial
San Diego,
California
| $262K | -$2.21M | -72,555 | -90% |
|
|
8
Bank of America
Charlotte,
North Carolina
| $198K | -$213 | -7 | -0.1% |
|
|
ACA
9
Aptus Capital Advisors
Fairhope,
Alabama
| $22.6K | +$22.4K | +734 | New |
|
|
10
JP Morgan Chase
New York
| $22.3K | +$22.1K | +726 | New |
|
11
Osaic Holdings
Scottsdale,
Arizona
| $800 | – | – | – |
|
12
UBS Group
Zurich,
Switzerland
| $369 | +$91 | +3 | +33% |
|
13
Morgan Stanley
New York
| $31 | – | – | – |
|
|
14
Citadel Advisors
Miami,
Florida
| – | -$226K | -7,447 | Closed |
|
QVMM Hedge Fund Activity: Q4 2025 in Review
13 of the 8,255 institutional investors tracked by Wall St. Rank reported a position in Invesco QQQ Trust Series 1 (QVMM) for Q4 2025, worth a combined $370M — up 0.91% from $366M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new QVMM positions and 1 closed out — a net gain of 2 holders — while 4 added to existing stakes and 3 trimmed.
The largest buyer was Raymond James Financial, opening a new position worth an estimated $607K. The largest seller was LPL Financial, cutting an estimated $2.21M.
- 13 institutional investors held Invesco QQQ Trust Series 1 (QVMM) as of Q4 2025, up from 11 in Q3 2025.
- Funds reported $370M of Invesco QQQ Trust Series 1 stock for Q4 2025, up 0.91% quarter-over-quarter.
- 3 funds opened new Invesco QQQ Trust Series 1 positions in Q4 2025 and 1 closed out, a net change of +2 holders.
- The largest Invesco QQQ Trust Series 1 buyer in Q4 2025 was Raymond James Financial, an estimated $607K added.
- The largest Invesco QQQ Trust Series 1 seller in Q4 2025 was LPL Financial, an estimated $2.21M sold.
Based on aggregated 13F filings for Q4 2025.