Vault-13

INVESCO QQQ TR QQQ

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

3,489 institutional holders +133 vs Q1 2025
238,047,809238.0m shares reported held*
$128.3bnreported value*
268 new 1,567 added 1,211 reduced 135 sold out net sold ≈ $1.0bn (-2.2m 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 ($156.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $539.04. Options: 111 managers hold calls ($149.1bn notional), 203 hold puts ($203.5bn).

Trends to Q2 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: 3,356Q2 25: 3,4893,489Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 20253,489

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ3 23: 1,206 bought or addedQ3 23: 1,053 cut or sold outQ4 23: 1,386 bought or addedQ4 23: 979 cut or sold outQ4 23Q1 24: 1,432 bought or addedQ1 24: 1,180 cut or sold outQ2 24: 1,526 bought or addedQ2 24: 1,092 cut or sold outQ2 24Q3 24: 1,467 bought or addedQ3 24: 1,207 cut or sold outQ4 24: 1,593 bought or addedQ4 24: 1,189 cut or sold outQ4 24Q1 25: 1,565 bought or addedQ1 25: 1,493 cut or sold outQ2 25: 1,835 bought or addedQ2 25: 1,346 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
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
Q2 20251,8351,346

Calls vs puts

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

CallsPuts
$0$100bn$200bn$300bnQ3 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 1.74Q2 25 calls: $149.1bnQ2 25 puts: $203.5bnQ2 25P/C 1.36
Numbers
QuarterCallsPutsP/C
Q3 2024$116.0bn$227.8bn1.96
Q4 2024$113.2bn$200.9bn1.77
Q1 2025$122.1bn$212.6bn1.74
Q2 2025$149.1bn$203.5bn1.36

Biggest buyers

ROYAL BANK OF CANADA Added +4,216,247+4.2m
GOLDMAN SACHS GROUP INC Added +2,933,604+2.9m
BANK OF AMERICA CORP /DE/ Added +2,586,261+2.6m
Proficio Capital Partners LLC Added +2,006,765+2.0m
BARCLAYS PLC Added +1,773,552+1.8m
HRT FINANCIAL LP Added +1,704,600+1.7m
Rockefeller Capital Management L.P. Added +1,167,293+1.2m
Rokos Capital Management LLP New +926,750+926.8k
LPL Financial LLC Added +607,954+608.0k
TWO SIGMA INVESTMENTS, LP Added +432,088+432.1k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -3,195,476-3.2m
CITADEL ADVISORS LLC Reduced -2,210,879-2.2m
Main Management ETF Advisors, LLC Reduced -2,206,135-2.2m
JPMORGAN CHASE & CO Reduced -2,134,391-2.1m
MORGAN STANLEY Reduced -1,649,758-1.6m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -1,422,435-1.4m
BANK OF MONTREAL /CAN/ Sold out -1,266,731-1.3m
JANE STREET GROUP, LLC Reduced -1,247,352-1.2m
Spear Holdings RSC Ltd Sold out -1,012,112-1.0m
Altimeter Capital Management, LP Sold out -988,000-988.0k

Biggest calls

Optiver Holding B.V. Added $19.8bn35.9m shares
CITADEL ADVISORS LLC Reduced $17.3bn31.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $15.8bn28.6m shares
JANE STREET GROUP, LLC Added $15.1bn27.3m shares
CTC LLC Added $12.6bn22.9m shares
GOLDMAN SACHS GROUP INC Added $7.3bn13.2m shares
BARCLAYS PLC Reduced $6.4bn11.5m shares
IMC-Chicago, LLC Reduced $5.5bn9.9m shares
BANK OF AMERICA CORP /DE/ Added $4.4bn7.9m shares
Belvedere Trading LLC Reduced $4.3bn7.8m shares

Biggest puts

CITADEL ADVISORS LLC Added $19.9bn36.0m shares
Optiver Holding B.V. Added $18.8bn34.1m shares
BANK OF AMERICA CORP /DE/ Added $18.7bn34.0m shares
JANE STREET GROUP, LLC Added $15.4bn28.0m shares
ALKEON CAPITAL MANAGEMENT LLC Reduced $13.7bn24.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $12.3bn22.3m shares
CTC LLC Reduced $12.2bn22.2m shares
BARCLAYS PLC Reduced $10.2bn18.4m shares
IMC-Chicago, LLC Added $7.0bn12.7m shares
SIMPLEX TRADING, LLC Reduced $6.9bn12.8m 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.73% of their portfolio NEW YORK, NY 20,360,08920.4m $11.2bn $11.2bn 0.73% Reduced -1.6m -1,649,758
2 BANK OF AMERICA CORP /DE/ 0.79% of their portfolio CHARLOTTE, NC 17,862,40117.9m $9.9bn $9.9bn 0.79% Added +2.6m +2,586,261
3 LPL Financial LLC 1.87% of their portfolio FORT MILL, SC 10,153,10910.2m $5.6bn $5.6bn 1.87% Added +608.0k +607,954
4 GOLDMAN SACHS GROUP INC 0.80% of their portfolio NEW YORK, NY 8,971,9799.0m $4.9bn $4.9bn 0.80% Added +2.9m +2,933,604
5 ROYAL BANK OF CANADA 0.43% of their portfolio TORONTO, A6 8,102,2368.1m $4.5bn $4.5bn 0.43% Added +4.2m +4,216,247
6 WELLS FARGO & COMPANY/MN 0.88% of their portfolio SAN FRANCISCO, CA 7,228,1857.2m $4.0bn $4.0bn 0.88% Reduced -3.2m -3,195,476
7 UBS Group AG 0.64% of their portfolio ZURICH, V8 5,540,6295.5m $3.1bn $3.1bn 0.64% Added +147.5k +147,528
8 JPMORGAN CHASE & CO 0.19% of their portfolio NEW YORK, NY 4,895,2654.9m $2.7bn $2.7bn 0.19% Reduced -2.1m -2,134,391
9 AMERIPRISE FINANCIAL INC 0.61% of their portfolio MINNEAPOLIS, MN 4,448,0824.4m $2.5bn $2.5bn 0.61% Reduced -17.6k -17,619
10 RAYMOND JAMES FINANCIAL INC 0.69% of their portfolio ST. PETERSBURG, FL 3,636,9543.6m $2.0bn $2.0bn 0.69% Added +141.5k +141,498
11 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 1.30% of their portfolio MILWAUKEE, WI 3,223,3273.2m $1.8bn $1.8bn 1.30% Added +22.2k +22,220
12 HRT FINANCIAL LP 9.28% of their portfolio NEW YORK, NY 3,145,5783.1m $1.7bn $1.7bn 9.28% Added +1.7m +1,704,600
13 PNC Financial Services Group, Inc. 1.09% of their portfolio Pittsburgh, PA 3,062,9833.1m $1.7bn $1.7bn 1.09% Reduced -42.8k -42,799
14 ENVESTNET ASSET MANAGEMENT INC 0.47% of their portfolio Berwyn, PA 2,922,3012.9m $1.6bn $1.6bn 0.47% Reduced -9.4k -9,393
15 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 3.21% of their portfolio TORONTO, A6 2,903,0002.9m $1.6bn $1.6bn 3.21% Unchanged
16 Howard Capital Management, LLC 7.20% of their portfolio Alpharetta, GA 2,832,4362.8m $481.2m $481.2m 7.20% Reduced -150.2k -150,180
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 2.38% of their portfolio BALA CYNWYD, PA 2,823,4402.8m $1.6bn $1.6bn 2.38% Reduced -745.2k -745,210
18 BARCLAYS PLC 0.58% of their portfolio LONDON, X0 2,648,9012.6m $1.5bn $1.5bn 0.58% Added +1.8m +1,773,552
19 SHANDA ASSET MANAGEMENT HOLDINGS Ltd 75.01% of their portfolio REDWOOD CITY, CA 2,500,0002.5m $1.4bn $1.4bn 75.01% Unchanged
20 COMMONWEALTH EQUITY SERVICES, LLC 1.77% of their portfolio WALTHAM, MA 2,424,1532.4m $1.3bn $1.3bn 1.77% Reduced -56.1k -56,091
21 Rockefeller Capital Management L.P. 1.43% of their portfolio NEW YORK, NY 2,203,8122.2m $1.2bn $1.2bn 1.43% Added +1.2m +1,167,293
22 Proficio Capital Partners LLC 0.95% of their portfolio NEWTON, MA 2,029,0802.0m $15.3m $15.3m 0.95% Added +2.0m +2,006,765
23 National Mutual Insurance Federation of Agricultural Cooperatives 7.85% of their portfolio TOKYO, JAPAN, M0 1,759,0001.8m $970.3m $970.3m 7.85% Unchanged
24 Cetera Investment Advisers 1.58% of their portfolio SCHAUMBURG, IL 1,697,2671.7m $936.3m $936.3m 1.58% Added +17.4k +17,371
25 OSAIC HOLDINGS, INC. 1.60% of their portfolio SCOTTSDALE, AZ 1,626,1361.6m $898.0m $898.0m 1.60% Added +9.2k +9,223
26 CITIGROUP INC 0.62% of their portfolio NEW YORK, NY 1,609,0021.6m $887.6m $887.6m 0.62% Reduced -717.3k -717,325
27 Fisher Asset Management, LLC 0.32% of their portfolio PLANO, TX 1,448,5221.4m $799.1m $799.1m 0.32% Reduced -68.6k -68,582
28 Wellspring Financial Advisors, LLC 0.24% of their portfolio CLEVELAND, OH 1,436,2481.4m $2.4m $2.4m 0.24% Added +134 +134
29 US BANCORP \DE\ 0.95% of their portfolio MINNEAPOLIS, MN 1,370,7241.4m $756.1m $756.1m 0.95% Added +19.9k +19,915
30 TWO SIGMA INVESTMENTS, LP 1.33% of their portfolio NEW YORK, NY 1,339,7331.3m $739.1m $739.1m 1.33% Added +432.1k +432,088
31 Cambridge Investment Research Advisors, Inc. 2.22% of their portfolio FAIRFIELD, IA 1,322,0191.3m $729.3m $729.3m 2.22% Reduced -20.8k -20,811
32 CHURCHILL MANAGEMENT Corp 7.83% of their portfolio Los Angeles, CA 1,307,1451.3m $721.1m $721.1m 7.83% Reduced -49.6k -49,601
33 Hancock Prospecting Pty Ltd 22.41% of their portfolio West Perth, C3 1,277,7091.3m $704.8m $704.8m 22.41% Unchanged
34 HighTower Advisors, LLC 0.79% of their portfolio CHICAGO, IL 1,144,7341.1m $631.5m $631.5m 0.79% Reduced -42.4k -42,414
35 Mariner, LLC 0.84% of their portfolio Overland Park, KS 1,060,9811.1m $585.3m $585.3m 0.84% Added +45.7k +45,696
36 Analyst IMS Investment Management Services Ltd. 19.75% of their portfolio Tel-aviv, L3 1,048,6671.0m $578.5m $578.5m 19.75% Reduced -2.0k -2,044
37 TD Asset Management Inc 0.49% of their portfolio Toronto, A6 1,042,2861.0m $575.0m $575.0m 0.49% Reduced -335.8k -335,788
38 TRUIST FINANCIAL CORP 0.84% of their portfolio CHARLOTTE, NC 1,039,7851.0m $573.6m $573.6m 0.84% Reduced -11.1k -11,129
39 STIFEL FINANCIAL CORP 0.52% of their portfolio ST. LOUIS, MO 970,454970.5k $535.4m $535.4m 0.52% Added +13.9k +13,896
40 MML INVESTORS SERVICES, LLC 1.50% of their portfolio SPRINGFIELD, MA 943,903943.9k $520.7m $520.7m 1.50% Added +27.2k +27,198
41 Rokos Capital Management LLP 8.55% of their portfolio LONDON, X0 926,750926.8k $511.3m $511.3m 8.55% New
42 BNP PARIBAS FINANCIAL MARKETS 0.39% of their portfolio PARIS, I0 915,602915.6k $505.1m $505.1m 0.39% Reduced -751.6k -751,562
43 Janney Montgomery Scott LLC 1.29% of their portfolio PHILADELPHIA, PA 894,107894.1k $493.2m $493.2m 1.29% Added +55.6k +55,554
44 BARINGS LLC 11.43% of their portfolio CHARLOTTE, NC 893,407893.4k $489.7m $489.7m 11.43% Reduced -17.9k -17,900
45 ALKEON CAPITAL MANAGEMENT LLC 2.28% of their portfolio New York, NY 849,777849.8k $468.8m $468.8m 2.28% Unchanged
46 Artemis Wealth Advisors, LLC 75.32% of their portfolio Port Washington, NY 794,865794.9k $438.5m $438.5m 75.32% Reduced -24.4k -24,426
47 FMR LLC 0.02% of their portfolio BOSTON, MA 781,401781.4k $431.1m $431.1m 0.02% Reduced -30.7k -30,734
48 Fiera Capital Corp 1.40% of their portfolio MONTREAL, A8 748,233748.2k $412.8m $412.8m 1.40% Added +12.0k +11,960
49 Main Management ETF Advisors, LLC 16.82% of their portfolio SAN FRANCISCO, CA 733,635733.6k $404.7m $404.7m 16.82% Reduced -2.2m -2,206,135
50 Cerity Partners LLC 0.72% of their portfolio NEW YORK, NY 731,557731.6k $403.6m $403.6m 0.72% Added +32.4k +32,380
51 SUSQUEHANNA ADVISORS GROUP, INC. 14.78% of their portfolio BALA CYNWYD, PA 673,923673.9k $371.8m $371.8m 14.78% Unchanged
52 NISSAY ASSET MANAGEMENT CORP /JAPAN 2.13% of their portfolio Tokyo, M0 660,336660.3k $364.3m $364.3m 2.13% Unchanged
53 Creative Planning 0.31% of their portfolio OVERLAND PARK, KS 655,810655.8k $361.8m $361.8m 0.31% Added +4.5k +4,524
54 Kestra Advisory Services, LLC 1.70% of their portfolio AUSTIN, TX 630,939630.9k $348.1m $348.1m 1.70% Added +47.4k +47,373
55 CIBC WORLD MARKET INC. 0.69% of their portfolio TORONTO, A6 562,113562.1k $310.1m $310.1m 0.69% Reduced -109.1k -109,101
56 Equitable Holdings, Inc. 2.53% of their portfolio NEW YORK, NY 555,843555.8k $306.6m $306.6m 2.53% Added +42.9k +42,894
57 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.50% of their portfolio PLYMOUTH, MN 540,056540.1k $300.4m $300.4m 0.50% Added +25.5k +25,456
58 Hudson Bay Capital Management LP 1.95% of their portfolio STAMFORD, CT 539,156539.2k $297.4m $297.4m 1.95% Added +262.5k +262,521
59 CWM, LLC 1.02% of their portfolio OMAHA, NE 524,949524.9k $289.6m $289.6m 1.02% Reduced -4.6k -4,613
60 Norinchukin Bank, The 4.25% of their portfolio TOKYO, M0 518,000518.0k $285.7m $285.7m 4.25% Unchanged
61 JANE STREET GROUP, LLC 0.46% of their portfolio NEW YORK, NY 517,329517.3k $285.4m $285.4m 0.46% Reduced -1.2m -1,247,352
62 CANADA PENSION PLAN INVESTMENT BOARD 0.24% of their portfolio TORONTO ONTARIO, A6 509,000509.0k $280.8m $280.8m 0.24% Unchanged
63 Private Advisor Group, LLC 1.50% of their portfolio MORRISTOWN, NJ 504,275504.3k $278.2m $278.2m 1.50% Added +11.3k +11,294
64 AVANTAX ADVISORY SERVICES, INC. 1.48% of their portfolio DALLAS, TX 489,209489.2k $269.9m $269.9m 1.48% Added +19.5k +19,531
65 Rafferty Asset Management, LLC 0.86% of their portfolio New York, NY 474,582474.6k $261.8m $261.8m 0.86% Reduced -45.3k -45,306
66 MEITAV INVESTMENT HOUSE LTD 3.49% of their portfolio BENE-BERAQ, L3 469,241469.2k $258.8m $258.8m 3.49% Added +11.0k +10,971
67 IEQ CAPITAL, LLC 1.55% of their portfolio Foster City, CA 459,292459.3k $253.4m $253.4m 1.55% Reduced -55.7k -55,693
68 Brookstone Capital Management 3.23% of their portfolio WHEATON, IL 446,283446.3k $246.2m $246.2m 3.23% Added +104.5k +104,475
69 CBIZ Investment Advisory Services, LLC 10.30% of their portfolio INDEPENDENCE, OH 421,548421.5k $232.6m $232.6m 10.30% Added +12.3k +12,343
70 Sumitomo Mitsui Trust Group, Inc. 0.14% of their portfolio CHIYODA-KU, TOKYO, M0 419,351419.4k $231.3m $231.3m 0.14% Reduced -35.2k -35,226
71 Mirae Asset Global Investments Co., Ltd. 0.80% of their portfolio SEOUL, M5 413,738413.7k $228.2m $228.2m 0.80% Reduced -176.0k -176,033
72 MIRAE ASSET SECURITIES (USA) INC. 10.04% of their portfolio NEW YORK, NY 412,491412.5k $227.5m $227.5m 10.04% Reduced -53.5k -53,480
73 FRANKLIN RESOURCES INC 0.06% of their portfolio San Mateo, CA 410,189410.2k $226.3m $226.3m 0.06% Reduced -2.7k -2,684
74 Bank Julius Baer & Co. Ltd, Zurich 0.66% of their portfolio ZURICH, V8 401,532401.5k $221.5m $221.5m 0.66% Added +255.4k +255,389
75 Composition Wealth, LLC 3.71% of their portfolio LOS ANGELES, CA 400,636400.6k $221.0m $221.0m 3.71% Added +12.7k +12,659
76 OLD MISSION CAPITAL LLC 5.68% of their portfolio CHICAGO, IL 386,769386.8k $213.4m $213.4m 5.68% New
77 RITHOLTZ WEALTH MANAGEMENT 4.66% of their portfolio NEW YORK, NY 382,836382.8k $211.2m $211.2m 4.66% Added +323.2k +323,231
78 CAPTRUST FINANCIAL ADVISORS 0.47% of their portfolio RALEIGH, NC 381,092381.1k $210.2m $210.2m 0.47% Added +14.7k +14,669
79 Bouchey Financial Group, Ltd. 17.43% of their portfolio TROY, NY 380,017380.0k $209.7m $209.7m 17.43% Added +1.4k +1,405
80 Kensington Asset Management, LLC 15.28% of their portfolio AUSTIN, TX 366,881366.9k $202.4m $202.4m 15.28% Added +350.4k +350,388
81 Bell Bank 9.20% of their portfolio FARGO, ND 357,615357.6k $197.3m $197.3m 9.20% Reduced -24.1k -24,057
82 J.Safra Asset Management Corp 13.70% of their portfolio NEW YORK, NY 356,739356.7k $196.8m $196.8m 13.70% Added +12.3k +12,286
83 Baird Financial Group, Inc. 0.34% of their portfolio MILWAUKEE, WI 353,995354.0k $195.3m $195.3m 0.34% Reduced -9.8k -9,817
84 INVICTUS PRIVATE WEALTH, LLC 13.29% of their portfolio Denver, CO 351,844351.8k $194.1m $194.1m 13.29% Added +7.0k +6,994
85 MILLENNIUM MANAGEMENT LLC 0.17% of their portfolio NEW YORK, NY 347,838347.8k $191.9m $191.9m 0.17% Reduced -469.0k -469,021
86 JONES FINANCIAL COMPANIES LLLP 0.14% of their portfolio DES PERES, MO 346,120346.1k $189.7m $189.7m 0.14% Added +94.3k +94,346
87 MAI Capital Management 1.32% of their portfolio INDEPENDENCE, OH 345,449345.4k $190.6m $190.6m 1.32% Added +4.7k +4,722
88 Lido Advisors, LLC 0.99% of their portfolio Los Angeles, CA 342,111342.1k $188.9m $188.9m 0.99% Added +37.1k +37,130
89 PEAPACK GLADSTONE FINANCIAL CORP 2.62% of their portfolio BEDMINSTER, NJ 335,748335.7k $185.2m $185.2m 2.62% Reduced -1.3k -1,313
90 TORONTO DOMINION BANK 0.39% of their portfolio TORONTO, ONTARIO, A6 326,364326.4k $180.1m $180.1m 0.39% Reduced -93.8k -93,795
91 Cohen Klingenstein LLC 6.01% of their portfolio NEW YORK, NY 326,360326.4k $180.0m $180.0m 6.01% Reduced -20.5k -20,470
92 SUMITOMO MITSUI FINANCIAL GROUP, INC. 2.93% of their portfolio TOKYO, M0 325,412325.4k $179.5m $179.5m 2.93% Reduced -5.7k -5,692
93 NATIXIS 0.88% of their portfolio PARIS, I0 320,699320.7k $176.9m $176.9m 0.88% Reduced -26.9k -26,920
94 Consolidated Investment Group LLC 22.68% of their portfolio ENGLEWOOD, CO 307,000307.0k $169.4m $169.4m 22.68% Added +3.5k +3,500
95 Daiwa Securities Group Inc. 0.62% of their portfolio CHIYODA-KU,TOKYO, M0 305,706305.7k $168.6m $168.6m 0.62% Added +115.4k +115,364
96 Mizuho Bank, Ltd. 16.26% of their portfolio TOKYO, M0 300,000300.0k $165.5m $165.5m 16.26% New
97 Steward Partners Investment Advisory, LLC 1.23% of their portfolio STAMFORD, CT 284,430284.4k $156.9m $156.9m 1.23% Added +5.5k +5,503
98 Corient Private Wealth LP 0.21% of their portfolio MIAMI, FL 281,685281.7k $155.4m $155.4m 0.21% Added +14.3k +14,327
99 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 10.97% of their portfolio Tel Aviv, L3 274,212274.2k $151.5m $151.5m 10.97% Added +15.1k +15,089
100 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 273,359273.4k $150.8m $150.8m 0.02% Reduced -3.0k -3,038