Vault-13

INVESCO QQQ TR QQQ

UNIT SER 1 · ETP · CUSIP 46090E103 · ISIN US46090E1038

3,356 institutional holders -55 vs Q4 2024
240,413,808240.4m shares reported held*
$109.9bnreported value*
161 new 1,404 added 1,302 reduced 191 sold out net bought ≈ $2.6bn (+7.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($114.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $457.33. Options: 119 managers hold calls ($122.1bn notional), 212 hold puts ($212.6bn).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

02k4kQ3 22: 2,218Q4 22: 2,346Q1 23: 2,449Q2 23: 2,533Q3 23: 2,527Q4 23: 2,843Q1 24: 2,909Q2 24: 2,968Q3 24: 3,055Q4 24: 3,411Q1 25: 3,3563,356Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20222,218
Q4 20222,346
Q1 20232,449
Q2 20232,533
Q3 20232,527
Q4 20232,843
Q1 20242,909
Q2 20242,968
Q3 20243,055
Q4 20243,411
Q1 20253,356

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2k02kQ2 23: 1,173 bought or addedQ2 23: 1,100 cut or sold outQ3 23: 1,206 bought or addedQ3 23: 1,053 cut or sold outQ3 23Q4 23: 1,386 bought or addedQ4 23: 979 cut or sold outQ1 24: 1,432 bought or addedQ1 24: 1,180 cut or sold outQ1 24Q2 24: 1,526 bought or addedQ2 24: 1,092 cut or sold outQ3 24: 1,467 bought or addedQ3 24: 1,207 cut or sold outQ3 24Q4 24: 1,593 bought or addedQ4 24: 1,189 cut or sold outQ1 25: 1,565 bought or addedQ1 25: 1,493 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20231,1731,100
Q3 20231,2061,053
Q4 20231,386979
Q1 20241,4321,180
Q2 20241,5261,092
Q3 20241,4671,207
Q4 20241,5931,189
Q1 20251,5651,493

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100bn$200bn$300bnQ2 24 calls: $128.2bnQ2 24 puts: $215.9bnQ2 24P/C 1.68Q3 24 calls: $116.0bnQ3 24 puts: $227.8bnQ3 24P/C 1.96Q4 24 calls: $113.2bnQ4 24 puts: $200.9bnQ4 24P/C 1.77Q1 25 calls: $122.1bnQ1 25 puts: $212.6bnQ1 25P/C 1.74
Numbers
QuarterCallsPutsP/C
Q2 2024$128.2bn$215.9bn1.68
Q3 2024$116.0bn$227.8bn1.96
Q4 2024$113.2bn$200.9bn1.77
Q1 2025$122.1bn$212.6bn1.74

Biggest buyers

MORGAN STANLEY Added +3,213,838+3.2m
WELLS FARGO & COMPANY/MN Added +3,091,650+3.1m
CITADEL ADVISORS LLC Added +2,268,420+2.3m
Main Management ETF Advisors, LLC Added +2,184,640+2.2m
BANK OF AMERICA CORP /DE/ Added +1,900,506+1.9m
Cetera Investment Advisers New +1,679,896+1.7m
JPMORGAN CHASE & CO Added +1,660,789+1.7m
CITIGROUP INC Added +1,396,759+1.4m
Spear Holdings RSC Ltd New +1,012,112+1.0m
Altimeter Capital Management, LP New +988,000+988.0k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -2,465,172-2.5m
Rokos Capital Management LLP Sold out -2,363,153-2.4m
HRT FINANCIAL LP Reduced -1,918,678-1.9m
Optiver Holding B.V. Reduced -1,684,336-1.7m
Kensington Asset Management, LLC Reduced -791,265-791.3k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -774,193-774.2k
BANK OF MONTREAL /CAN/ Reduced -769,994-770.0k
SUMITOMO MITSUI FINANCIAL GROUP, INC. Reduced -765,757-765.8k
OLD MISSION CAPITAL LLC Sold out -661,978-662.0k
NWI MANAGEMENT LP Sold out -648,000-648.0k

Biggest calls

CITADEL ADVISORS LLC Added $19.9bn42.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $13.7bn29.1m shares
Optiver Holding B.V. Added $11.8bn25.2m shares
CTC LLC Reduced $10.2bn21.8m shares
JANE STREET GROUP, LLC Added $10.0bn21.4m shares
BARCLAYS PLC Added $5.9bn12.5m shares
IMC-Chicago, LLC Added $5.4bn11.5m shares
Belvedere Trading LLC Added $4.2bn9.0m shares
SIMPLEX TRADING, LLC Added $3.9bn8.5m shares
BANK OF AMERICA CORP /DE/ Reduced $3.5bn7.5m shares

Biggest puts

1832 Asset Management L.P. New $19.2bn41.0m shares
BARCLAYS PLC Added $17.2bn36.7m shares
CITADEL ADVISORS LLC Added $16.7bn35.6m shares
Optiver Holding B.V. Reduced $14.8bn31.5m shares
BANK OF AMERICA CORP /DE/ Reduced $14.4bn30.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $13.0bn27.8m shares
JANE STREET GROUP, LLC Reduced $13.0bn27.7m shares
ALKEON CAPITAL MANAGEMENT LLC Unchanged $12.8bn27.4m shares
CITIGROUP INC Added $12.0bn25.5m shares
CTC LLC Reduced $11.1bn23.6m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.74% of their portfolio NEW YORK, NY 22,009,84722.0m $10.3bn $10.3bn 0.74% Added +3.2m +3,213,838
2 BANK OF AMERICA CORP /DE/ 0.64% of their portfolio CHARLOTTE, NC 15,276,14015.3m $7.2bn $7.2bn 0.64% Added +1.9m +1,900,506
3 WELLS FARGO & COMPANY/MN 1.18% of their portfolio SAN FRANCISCO, CA 10,423,66110.4m $4.9bn $4.9bn 1.18% Added +3.1m +3,091,650
4 LPL Financial LLC 1.74% of their portfolio FORT MILL, SC 9,545,1559.5m $4.5bn $4.5bn 1.74% Added +63.8k +63,805
5 JPMORGAN CHASE & CO 0.25% of their portfolio NEW YORK, NY 7,029,6567.0m $3.3bn $3.3bn 0.25% Added +1.7m +1,660,789
6 GOLDMAN SACHS GROUP INC 0.54% of their portfolio NEW YORK, NY 6,038,3756.0m $2.8bn $2.8bn 0.54% Reduced -423.1k -423,135
7 UBS Group AG 0.56% of their portfolio ZURICH, V8 5,393,1015.4m $2.5bn $2.5bn 0.56% Reduced -550.1k -550,090
8 AMERIPRISE FINANCIAL INC 0.57% of their portfolio MINNEAPOLIS, MN 4,465,7014.5m $2.1bn $2.1bn 0.57% Reduced -34.7k -34,667
9 ROYAL BANK OF CANADA 0.41% of their portfolio TORONTO, A6 3,885,9893.9m $1.8bn $1.8bn 0.41% Added +179.2k +179,177
10 SUSQUEHANNA INTERNATIONAL GROUP, LLP 2.75% of their portfolio BALA CYNWYD, PA 3,568,6503.6m $1.7bn $1.7bn 2.75% Reduced -2.5m -2,465,172
11 RAYMOND JAMES FINANCIAL INC 0.62% of their portfolio ST. PETERSBURG, FL 3,495,4563.5m $1.6bn $1.6bn 0.62% Reduced -73.1k -73,122
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 1.23% of their portfolio MILWAUKEE, WI 3,201,1073.2m $1.5bn $1.5bn 1.23% Added +52.2k +52,234
13 PNC Financial Services Group, Inc. 0.76% of their portfolio Pittsburgh, PA 3,105,7823.1m $1.5bn $1.5bn 0.76% Reduced -10.9k -10,924
14 Howard Capital Management, LLC 12.05% of their portfolio Alpharetta, GA 2,982,6163.0m $479.8m $479.8m 12.05% Added +255 +255
15 Main Management ETF Advisors, LLC 13.78% of their portfolio SAN FRANCISCO, CA 2,939,7702.9m $283.5m $283.5m 13.78% Added +2.2m +2,184,640
16 ENVESTNET ASSET MANAGEMENT INC 0.44% of their portfolio Berwyn, PA 2,931,6942.9m $1.4bn $1.4bn 0.44% Reduced -37.3k -37,286
17 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 3.01% of their portfolio TORONTO, A6 2,903,0002.9m $1.4bn $1.4bn 3.01% Added +150.0k +150,000
18 SHANDA ASSET MANAGEMENT HOLDINGS Ltd 71.67% of their portfolio REDWOOD CITY, CA 2,500,0002.5m $1.2bn $1.2bn 71.67% Unchanged
19 COMMONWEALTH EQUITY SERVICES, LLC 1.65% of their portfolio WALTHAM, MA 2,480,2442.5m $1.2bn $1.2bn 1.65% Added +54.9k +54,944
20 CITADEL ADVISORS LLC 1.11% of their portfolio MIAMI, FL 2,419,7512.4m $1.1bn $1.1bn 1.11% Added +2.3m +2,268,420
21 CITIGROUP INC 0.83% of their portfolio NEW YORK, NY 2,326,3272.3m $1.1bn $1.1bn 0.83% Added +1.4m +1,396,759
22 JANE STREET GROUP, LLC 1.49% of their portfolio NEW YORK, NY 1,764,6811.8m $827.5m $827.5m 1.49% Added +28.7k +28,741
23 National Mutual Insurance Federation of Agricultural Cooperatives 7.41% of their portfolio TOKYO, JAPAN, M0 1,759,0001.8m $824.8m $824.8m 7.41% Unchanged
24 Cetera Investment Advisers 1.53% of their portfolio SCHAUMBURG, IL 1,679,8961.7m $787.7m $787.7m 1.53% New
25 BNP PARIBAS FINANCIAL MARKETS 0.60% of their portfolio PARIS, I0 1,667,1641.7m $781.8m $781.8m 0.60% First filing
26 OSAIC HOLDINGS, INC. 1.69% of their portfolio SCOTTSDALE, AZ 1,616,9131.6m $758.9m $758.9m 1.69% Reduced -10.4k -10,403
27 Fisher Asset Management, LLC 0.31% of their portfolio PLANO, TX 1,517,1041.5m $711.4m $711.4m 0.31% Reduced -218.6k -218,562
28 HRT FINANCIAL LP 4.90% of their portfolio NEW YORK, NY 1,440,9781.4m $675.7m $675.7m 4.90% Reduced -1.9m -1,918,678
29 Wellspring Financial Advisors, LLC 0.24% of their portfolio CLEVELAND, OH 1,436,1141.4m $2.2m $2.2m 0.24% Unchanged
30 PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio BALTIMORE, MD 1,425,6271.4m $668.5m $668.5m 0.08% Reduced -774.2k -774,193
31 TD Asset Management Inc 0.59% of their portfolio Toronto, A6 1,378,0741.4m $646.2m $646.2m 0.59% Added +210.9k +210,894
32 CHURCHILL MANAGEMENT Corp 8.07% of their portfolio Los Angeles, CA 1,356,7461.4m $636.2m $636.2m 8.07% Reduced -483.3k -483,279
33 US BANCORP \DE\ 0.85% of their portfolio MINNEAPOLIS, MN 1,350,8091.4m $633.4m $633.4m 0.85% Reduced -58.5k -58,521
34 Cambridge Investment Research Advisors, Inc. 2.12% of their portfolio FAIRFIELD, IA 1,342,8301.3m $629.7m $629.7m 2.12% Added +14.0k +14,017
35 Hancock Prospecting Pty Ltd 23.68% of their portfolio West Perth, C3 1,277,7091.3m $599.1m $599.1m 23.68% Added +891.0k +890,997
36 BANK OF MONTREAL /CAN/ 0.32% of their portfolio TORONTO, A6 1,266,7311.3m $594.0m $594.0m 0.32% Reduced -770.0k -769,994
37 HighTower Advisors, LLC 0.76% of their portfolio CHICAGO, IL 1,187,1481.2m $556.7m $556.7m 0.76% Added +57.5k +57,483
38 TRUIST FINANCIAL CORP 0.79% of their portfolio CHARLOTTE, NC 1,050,9141.1m $492.8m $492.8m 0.79% Reduced -6.1k -6,054
39 Analyst IMS Investment Management Services Ltd. 19.15% of their portfolio Tel-aviv, L3 1,050,7111.1m $492.7m $492.7m 19.15% Added +15.6k +15,573
40 Rockefeller Capital Management L.P. 1.20% of their portfolio NEW YORK, NY 1,036,5191.0m $486.1m $486.1m 1.20% Added +166.4k +166,442
41 Mariner, LLC 0.79% of their portfolio Overland Park, KS 1,015,2851.0m $476.1m $476.1m 0.79% Added +32.8k +32,766
42 Spear Holdings RSC Ltd 36.54% of their portfolio AL MARYAH ISLAND, C0 1,012,1121.0m $474.6m $474.6m 36.54% New
43 Altimeter Capital Management, LP 9.32% of their portfolio MENLO PARK, CA 988,000988.0k $463.3m $463.3m 9.32% New
44 STIFEL FINANCIAL CORP 0.48% of their portfolio ST. LOUIS, MO 956,558956.6k $448.6m $448.6m 0.48% Added +52.9k +52,904
45 MML INVESTORS SERVICES, LLC 1.43% of their portfolio SPRINGFIELD, MA 916,705916.7k $429.9m $429.9m 1.43% Added +9.9k +9,941
46 BARINGS LLC 10.67% of their portfolio CHARLOTTE, NC 911,307911.3k $427.3m $427.3m 10.67% Added +18.5k +18,500
47 TWO SIGMA INVESTMENTS, LP 0.93% of their portfolio NEW YORK, NY 907,645907.6k $425.6m $425.6m 0.93% Added +164.6k +164,567
48 BARCLAYS PLC 0.19% of their portfolio LONDON, X0 875,349875.3k $410.5m $410.5m 0.19% Reduced -216.0k -216,047
49 ALKEON CAPITAL MANAGEMENT LLC 2.36% of their portfolio New York, NY 849,777849.8k $398.5m $398.5m 2.36% Unchanged
50 Janney Montgomery Scott LLC 1.11% of their portfolio PHILADELPHIA, PA 838,553838.6k $393.2m $393.2m 1.11% Added +43.3k +43,343
51 Artemis Wealth Advisors, LLC 80.56% of their portfolio Port Washington, NY 819,291819.3k $384.2m $384.2m 80.56% Reduced -9.0k -9,044
52 MILLENNIUM MANAGEMENT LLC 0.37% of their portfolio NEW YORK, NY 816,859816.9k $383.0m $383.0m 0.37% Added +474.3k +474,326
53 FMR LLC 0.02% of their portfolio BOSTON, MA 812,135812.1k $380.8m $380.8m 0.02% Added +23.2k +23,209
54 Alaska Permanent Fund Corp 5.34% of their portfolio JUNEAU, AK 799,266799.3k $380.0m $380.0m 5.34% Added +793.9k +793,884
55 Qube Research & Technologies Ltd 0.57% of their portfolio LONDON, X0 777,663777.7k $364.7m $364.7m 0.57% Added +583.2k +583,246
56 Fiera Capital Corp 1.25% of their portfolio MONTREAL, A8 736,273736.3k $345.3m $345.3m 1.25% Added +16.5k +16,527
57 Cerity Partners LLC 0.67% of their portfolio NEW YORK, NY 699,177699.2k $327.9m $327.9m 0.67% Added +17.2k +17,210
58 SUSQUEHANNA ADVISORS GROUP, INC. 20.15% of their portfolio BALA CYNWYD, PA 673,923673.9k $316.0m $316.0m 20.15% Unchanged
59 CIBC WORLD MARKET INC. 0.72% of their portfolio TORONTO, A6 671,214671.2k $314.7m $314.7m 0.72% Reduced -14.9k -14,903
60 NISSAY ASSET MANAGEMENT CORP /JAPAN 2.01% of their portfolio Tokyo, M0 660,336660.3k $309.6m $309.6m 2.01% Unchanged
61 Creative Planning 0.29% of their portfolio OVERLAND PARK, KS 651,286651.3k $305.4m $305.4m 0.29% Added +46.8k +46,820
62 WOLVERINE TRADING, LLC 9.39% of their portfolio CHICAGO, IL 631,993632.0k $296.4m $296.4m 9.39% Added +429.2k +429,195
63 Mirae Asset Global Investments Co., Ltd. 1.12% of their portfolio SEOUL, M5 589,771589.8k $273.5m $273.5m 1.12% Reduced -66.1k -66,075
64 Kestra Advisory Services, LLC 1.32% of their portfolio AUSTIN, TX 583,566583.6k $273.6m $273.6m 1.32% Reduced -39.6k -39,625
65 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.25% of their portfolio Toronto, A6 557,721557.7k $261.5m $261.5m 0.25% Added +350.7k +350,672
66 Tower Research Capital LLC (TRC) 7.64% of their portfolio NEW YORK, NY 554,460554.5k $256.5m $256.5m 7.64% Added +539.2k +539,242
67 CWM, LLC 0.99% of their portfolio OMAHA, NE 529,562529.6k $248.3m $248.3m 0.99% Reduced -68.1k -68,065
68 Rafferty Asset Management, LLC 1.04% of their portfolio New York, NY 519,888519.9k $243.8m $243.8m 1.04% Reduced -16.5k -16,519
69 Norinchukin Bank, The 4.47% of their portfolio TOKYO, M0 518,000518.0k $242.9m $242.9m 4.47% Added +107.0k +107,000
70 PEAK6 LLC 9.45% of their portfolio AUSTIN, TX 515,063515.1k $241.5m $241.5m 9.45% Added +515.1k +515,060
71 IEQ CAPITAL, LLC 1.92% of their portfolio Foster City, CA 514,985515.0k $241.5m $241.5m 1.92% Added +89.7k +89,716
72 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.46% of their portfolio PLYMOUTH, MN 514,600514.6k $241.3m $241.3m 0.46% Added +19.7k +19,716
73 Equitable Holdings, Inc. 2.28% of their portfolio NEW YORK, NY 512,949512.9k $240.5m $240.5m 2.28% Reduced -3.6k -3,637
74 CANADA PENSION PLAN INVESTMENT BOARD 0.23% of their portfolio TORONTO ONTARIO, A6 509,000509.0k $238.7m $238.7m 0.23% Unchanged
75 Private Advisor Group, LLC 1.40% of their portfolio MORRISTOWN, NJ 492,981493.0k $231.2m $231.2m 1.40% Reduced -20.3k -20,330
76 AVANTAX ADVISORY SERVICES, INC. 1.34% of their portfolio DALLAS, TX 469,678469.7k $220.2m $220.2m 1.34% Added +68.0k +67,974
77 MIRAE ASSET SECURITIES (USA) INC. 9.39% of their portfolio NEW YORK, NY 465,971466.0k $218.5m $218.5m 9.39% Reduced -205.7k -205,670
78 MEITAV INVESTMENT HOUSE LTD 3.96% of their portfolio BENE-BERAQ, L3 458,270458.3k $214.9m $214.9m 3.96% Reduced -96.0k -95,990
79 Sumitomo Mitsui Trust Group, Inc. 0.15% of their portfolio CHIYODA-KU, TOKYO, M0 454,577454.6k $213.2m $213.2m 0.15% Added +12.0k +12,045
80 Focus Partners Wealth 0.51% of their portfolio ST LOUIS, MO 436,136436.1k $204.6m $204.6m 0.51% Reduced -392.2k -392,180
81 TORONTO DOMINION BANK 0.50% of their portfolio TORONTO, ONTARIO, A6 420,159420.2k $197.0m $197.0m 0.50% Added +339.7k +339,741
82 FRANKLIN RESOURCES INC 0.06% of their portfolio San Mateo, CA 412,873412.9k $193.6m $193.6m 0.06% Added +177.0k +177,049
83 CBIZ Investment Advisory Services, LLC 9.40% of their portfolio INDEPENDENCE, OH 409,205409.2k $191.9m $191.9m 9.40% Added +13.7k +13,729
84 Composition Wealth, LLC 3.65% of their portfolio LOS ANGELES, CA 387,977388.0k $181.9m $181.9m 3.65% Added +1.9k +1,929
85 Bell Bank 9.66% of their portfolio FARGO, ND 381,672381.7k $179.0m $179.0m 9.66% Added +592 +592
86 Bouchey Financial Group, Ltd. 16.02% of their portfolio TROY, NY 378,612378.6k $177.6m $177.6m 16.02% Reduced -889 -889
87 IMC-Chicago, LLC 6.87% of their portfolio CHICAGO, IL 377,594377.6k $177.1m $177.1m 6.87% Added +89.4k +89,422
88 CAPTRUST FINANCIAL ADVISORS 0.43% of their portfolio RALEIGH, NC 366,423366.4k $171.8m $171.8m 0.43% Added +183.9k +183,880
89 Baird Financial Group, Inc. 0.33% of their portfolio MILWAUKEE, WI 363,812363.8k $170.6m $170.6m 0.33% Added +36.4k +36,379
90 NATIXIS 0.95% of their portfolio PARIS, I0 347,619347.6k $161.3m $161.3m 0.95% Added +34.1k +34,130
91 Cohen Klingenstein LLC 5.89% of their portfolio NEW YORK, NY 346,830346.8k $162.6m $162.6m 5.89% Added +130 +130
92 INVICTUS PRIVATE WEALTH, LLC 12.82% of their portfolio Denver, CO 344,850344.9k $161.7m $161.7m 12.82% Added +6.6k +6,591
93 J.Safra Asset Management Corp 13.13% of their portfolio NEW YORK, NY 344,453344.5k $161.5m $161.5m 13.13% Added +15.8k +15,837
94 Brookstone Capital Management 2.30% of their portfolio WHEATON, IL 341,808341.8k $160.3m $160.3m 2.30% Reduced -18.7k -18,702
95 SG Americas Securities, LLC 0.55% of their portfolio NEW YORK, NY 341,798341.8k $160.3m $160.3m 0.55% Reduced -58.3k -58,292
96 MAI Capital Management 1.21% of their portfolio INDEPENDENCE, OH 340,727340.7k $159.8m $159.8m 1.21% Added +10.1k +10,052
97 PEAPACK GLADSTONE FINANCIAL CORP 2.35% of their portfolio BEDMINSTER, NJ 337,061337.1k $158.1m $158.1m 2.35% Reduced -6.1k -6,066
98 SUMITOMO MITSUI FINANCIAL GROUP, INC. 2.84% of their portfolio TOKYO, M0 331,104331.1k $155.3m $155.3m 2.84% Reduced -765.8k -765,757
99 Jefferies Financial Group Inc. 2.48% of their portfolio NEW YORK, NY 307,193307.2k $144.0m $144.0m 2.48% Added +56.4k +56,406
100 CSM Advisors, LLC 7.83% of their portfolio WARRENDALE, PA 306,150306.1k $143.6m $143.6m 7.83% Reduced -199.6k -199,575