Vault-13

INVESCO QQQ TR QQQ

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

3,846 institutional holders -15 vs Q4 2025
236,204,882236.2m shares reported held*
$134.2bnreported value*
157 new 1,545 added 1,592 reduced 175 sold out net bought ≈ $2.4bn (+2.4m 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 ($235.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $568.10. Options: 126 managers hold calls ($165.9bn notional), 255 hold puts ($223.8bn).

Trends to Q1 2026

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: 3,489Q3 25: 3,561Q4 25: 3,861Q1 26: 3,8463,846Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 20253,561
Q4 20253,861
Q1 20263,846

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 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 25Q2 25: 1,835 bought or addedQ2 25: 1,346 cut or sold outQ3 25: 1,732 bought or addedQ3 25: 1,389 cut or sold outQ3 25Q4 25: 1,673 bought or addedQ4 25: 1,531 cut or sold outQ1 26: 1,702 bought or addedQ1 26: 1,767 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241,5261,092
Q3 20241,4671,207
Q4 20241,5931,189
Q1 20251,5651,493
Q2 20251,8351,346
Q3 20251,7321,389
Q4 20251,6731,531
Q1 20261,7021,767

Calls vs puts

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

CallsPuts
$0$100bn$200bn$300bnQ2 25 calls: $149.1bnQ2 25 puts: $203.5bnQ2 25P/C 1.36Q3 25 calls: $180.4bnQ3 25 puts: $280.1bnQ3 25P/C 1.55Q4 25 calls: $161.8bnQ4 25 puts: $250.5bnQ4 25P/C 1.55Q1 26 calls: $165.9bnQ1 26 puts: $223.8bnQ1 26P/C 1.35
Numbers
QuarterCallsPutsP/C
Q2 2025$149.1bn$203.5bn1.36
Q3 2025$180.4bn$280.1bn1.55
Q4 2025$161.8bn$250.5bn1.55
Q1 2026$165.9bn$223.8bn1.35

Biggest buyers

MORGAN STANLEY Added +5,493,584+5.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +4,366,917+4.4m
Brevan Howard Capital Management LP Added +1,460,035+1.5m
CITIGROUP INC Added +1,094,751+1.1m
HRT FINANCIAL LP Added +1,022,987+1.0m
CIBC WORLD MARKET INC. Added +598,796+598.8k
SG Americas Securities, LLC Added +595,975+596.0k
JPMORGAN CHASE & CO Added +448,965+449.0k
Varma Mutual Pension Insurance Co New +400,000+400.0k
JANE STREET GROUP, LLC Added +269,607+269.6k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -2,292,876-2.3m
Align Financial, LLC Reduced -1,269,566-1.3m
WELLS FARGO & COMPANY/MN Reduced -1,027,212-1.0m
IMC-Chicago, LLC Sold out -701,972-702.0k
Rokos Capital Management LLP Sold out -682,056-682.1k
NewEdge Advisors, LLC Reduced -578,190-578.2k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -550,000-550.0k
ROYAL BANK OF CANADA Reduced -527,787-527.8k
CANADA PENSION PLAN INVESTMENT BOARD Sold out -509,000-509.0k
GOLDMAN SACHS GROUP INC Reduced -410,127-410.1k

Biggest calls

Optiver Holding B.V. Added $23.2bn40.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $21.1bn36.6m shares
JANE STREET GROUP, LLC Reduced $17.6bn30.5m shares
CTC LLC Added $15.9bn274.6k shares
CITADEL ADVISORS LLC Reduced $11.3bn19.5m shares
BARCLAYS PLC Added $8.7bn15.1m shares
IMC-Chicago, LLC Added $8.6bn14.9m shares
AKUNA SECURITIES LLC Added $8.2bn14.2m shares
SIMPLEX TRADING, LLC Added $6.0bn10.4m shares
CAPSTONE INVESTMENT ADVISORS, LLC Added $5.6bn9.8m shares

Biggest puts

JANE STREET GROUP, LLC Added $23.5bn40.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $21.5bn37.3m shares
Optiver Holding B.V. Reduced $20.9bn36.2m shares
CITADEL ADVISORS LLC Reduced $20.5bn35.6m shares
CTC LLC Reduced $15.6bn269.9k shares
ALKEON CAPITAL MANAGEMENT LLC Added $12.8bn22.2m shares
IMC-Chicago, LLC Added $10.3bn17.9m shares
CAPSTONE INVESTMENT ADVISORS, LLC Added $9.7bn16.9m shares
AKUNA SECURITIES LLC Added $7.6bn13.1m shares
BARCLAYS PLC Reduced $7.4bn12.9m 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.75% of their portfolio NEW YORK, NY 21,535,42521.5m $12.4bn $12.4bn 0.75% Added +5.5m +5,493,584
2 BANK OF AMERICA CORP /DE/ 0.73% of their portfolio CHARLOTTE, NC 17,254,67617.3m $10.0bn $10.0bn 0.73% Reduced -2.3m -2,292,876
3 LPL Financial LLC 1.62% of their portfolio FORT MILL, SC 10,558,43110.6m $6.1bn $6.1bn 1.62% Reduced -170.9k -170,856
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP 6.29% of their portfolio BALA CYNWYD, PA 8,417,0688.4m $4.9bn $4.9bn 6.29% Added +4.4m +4,366,917
5 WELLS FARGO & COMPANY/MN 0.75% of their portfolio SAN FRANCISCO, CA 6,499,4736.5m $3.8bn $3.8bn 0.75% Reduced -1.0m -1,027,212
6 UBS Group AG 0.63% of their portfolio ZURICH, V8 6,119,8636.1m $3.5bn $3.5bn 0.63% Added +157.8k +157,793
7 GOLDMAN SACHS GROUP INC 0.42% of their portfolio NEW YORK, NY 5,477,0445.5m $3.2bn $3.2bn 0.42% Reduced -410.1k -410,127
8 RAYMOND JAMES FINANCIAL INC 0.73% of their portfolio ST. PETERSBURG, FL 4,083,6544.1m $2.4bn $2.4bn 0.73% Added +173.9k +173,917
9 JPMORGAN CHASE & CO 0.15% of their portfolio NEW YORK, NY 4,064,4574.1m $2.3bn $2.3bn 0.15% Added +449.0k +448,965
10 ROYAL BANK OF CANADA 0.44% of their portfolio TORONTO, A6 3,983,3444.0m $2.3bn $2.3bn 0.44% Reduced -527.8k -527,787
11 AMERIPRISE FINANCIAL INC 0.52% of their portfolio MINNEAPOLIS, MN 3,862,6773.9m $2.2bn $2.2bn 0.52% Reduced -231.2k -231,237
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 1.13% of their portfolio MILWAUKEE, WI 3,182,1883.2m $1.8bn $1.8bn 1.13% Added +90.9k +90,896
13 ENVESTNET ASSET MANAGEMENT INC 0.46% of their portfolio Berwyn, PA 3,008,5273.0m $1.7bn $1.7bn 0.46% Added +62.8k +62,806
14 PNC Financial Services Group, Inc. 0.99% of their portfolio Pittsburgh, PA 2,974,5723.0m $1.7bn $1.7bn 0.99% Reduced -61.9k -61,891
15 Howard Capital Management, LLC 7.45% of their portfolio Alpharetta, GA 2,749,9662.7m $455.8m $455.8m 7.45% Reduced -80.8k -80,794
16 CITIGROUP INC 0.99% of their portfolio NEW YORK, NY 2,696,6552.7m $1.6bn $1.6bn 0.99% Added +1.1m +1,094,751
17 HRT FINANCIAL LP 5.28% of their portfolio NEW YORK, NY 2,564,0132.6m $1.5bn $1.5bn 5.28% Added +1.0m +1,022,987
18 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 2.36% of their portfolio TORONTO, A6 2,475,0002.5m $1.4bn $1.4bn 2.36% Reduced -550.0k -550,000
19 Cetera Investment Advisers 1.39% of their portfolio SCHAUMBURG, IL 2,262,6652.3m $1.3bn $1.3bn 1.39% Added +34.9k +34,887
20 SHANDA ASSET MANAGEMENT HOLDINGS Ltd 69.07% of their portfolio REDWOOD CITY, CA 2,200,0002.2m $1.3bn $1.3bn 69.07% Unchanged
21 OSAIC HOLDINGS, INC. 1.57% of their portfolio SCOTTSDALE, AZ 1,850,6281.9m $1.1bn $1.1bn 1.57% Added +3.6k +3,624
22 Analyst IMS Investment Management Services Ltd. 31.17% of their portfolio Tel-aviv, L3 1,782,8081.8m $1.0bn $1.0bn 31.17% Added +32.7k +32,729
23 COMMONWEALTH EQUITY SERVICES, LLC 1.43% of their portfolio WALTHAM, MA 1,778,9511.8m $1.0bn $1.0bn 1.43% Reduced -206.6k -206,580
24 JANE STREET GROUP, LLC 1.10% of their portfolio NEW YORK, NY 1,778,8461.8m $1.0bn $1.0bn 1.10% Added +269.6k +269,607
25 National Mutual Insurance Federation of Agricultural Cooperatives 7.82% of their portfolio TOKYO, JAPAN, M0 1,759,0001.8m $1.0bn $1.0bn 7.82% Unchanged
26 BANK OF MONTREAL /CAN/ 0.35% of their portfolio TORONTO, A6 1,484,3211.5m $856.7m $856.7m 0.35% Added +53.3k +53,271
27 Brevan Howard Capital Management LP 8.53% of their portfolio ST. HELIER, Y9 1,482,0351.5m $855.4m $855.4m 8.53% Added +1.5m +1,460,035
28 Wellspring Financial Advisors, LLC 0.21% of their portfolio CLEVELAND, OH 1,436,8881.4m $2.8m $2.8m 0.21% Reduced -185 -185
29 CIBC WORLD MARKET INC. 1.43% of their portfolio TORONTO, A6 1,411,0391.4m $814.4m $814.4m 1.43% Added +598.8k +598,796
30 ALKEON CAPITAL MANAGEMENT LLC 3.47% of their portfolio New York, NY 1,325,7771.3m $765.2m $765.2m 3.47% Reduced -96.2k -96,200
31 US BANCORP \DE\ 0.93% of their portfolio MINNEAPOLIS, MN 1,325,6581.3m $765.1m $765.1m 0.93% Reduced -40.9k -40,892
32 Fisher Asset Management, LLC 0.25% of their portfolio PLANO, TX 1,302,4121.3m $751.7m $751.7m 0.25% Reduced -50.2k -50,214
33 Hancock Prospecting Pty Ltd 22.15% of their portfolio West Perth, C3 1,277,7091.3m $737.5m $737.5m 22.15% Unchanged
34 Cambridge Investment Research Advisors, Inc. 1.89% of their portfolio FAIRFIELD, IA 1,272,2101.3m $734.3m $734.3m 1.89% Reduced -48.4k -48,398
35 NWI MANAGEMENT LP 21.70% of their portfolio NEW YORK, NY 1,229,4001.2m $709.6m $709.6m 21.70% Reduced -81.0k -81,000
36 HighTower Advisors, LLC 0.73% of their portfolio CHICAGO, IL 1,193,7561.2m $689.1m $689.1m 0.73% Reduced -9.8k -9,808
37 Rockefeller Capital Management L.P. 1.16% of their portfolio NEW YORK, NY 1,130,0721.1m $652.3m $652.3m 1.16% Reduced -24.7k -24,668
38 Mariner, LLC 0.75% of their portfolio Overland Park, KS 1,115,7941.1m $643.9m $643.9m 0.75% Added +31.3k +31,294
39 STIFEL FINANCIAL CORP 0.58% of their portfolio ST. LOUIS, MO 1,085,2391.1m $626.5m $626.5m 0.58% Added +89.5k +89,454
40 TRUIST FINANCIAL CORP 0.78% of their portfolio CHARLOTTE, NC 999,907999.9k $577.1m $577.1m 0.78% Reduced -57.0k -56,965
41 TD Asset Management Inc 0.45% of their portfolio Toronto, A6 962,575962.6k $555.6m $555.6m 0.45% Reduced -76.9k -76,863
42 BARINGS LLC 8.11% of their portfolio CHARLOTTE, NC 900,207900.2k $502.6m $502.6m 8.11% Reduced -6.1k -6,100
43 BNP PARIBAS FINANCIAL MARKETS 0.34% of their portfolio PARIS, I0 887,761887.8k $512.4m $512.4m 0.34% Reduced -83.0k -82,980
44 Janney Montgomery Scott LLC 1.22% of their portfolio PHILADELPHIA, PA 850,685850.7k $491.0m $491.0m 1.22% Added +9.5k +9,542
45 FMR LLC 0.03% of their portfolio BOSTON, MA 829,732829.7k $478.9m $478.9m 0.03% Added +21.2k +21,222
46 AIA Group Ltd 6.95% of their portfolio HONG KONG, K3 827,892827.9k $477.8m $477.8m 6.95% Reduced -142.1k -142,126
47 Kestra Advisory Services, LLC 1.79% of their portfolio AUSTIN, TX 818,009818.0k $472.1m $472.1m 1.79% Added +142.9k +142,884
48 SG Americas Securities, LLC 0.52% of their portfolio NEW YORK, NY 809,697809.7k $467.3m $467.3m 0.52% Added +596.0k +595,975
49 Cerity Partners LLC 0.65% of their portfolio NEW YORK, NY 793,351793.4k $458.0m $458.0m 0.65% Added +42.2k +42,197
50 BARCLAYS PLC 0.16% of their portfolio LONDON, X0 788,975789.0k $455.4m $455.4m 0.16% Reduced -403.4k -403,420
51 Fiera Capital Corp 1.50% of their portfolio MONTREAL, A8 761,153761.2k $439.3m $439.3m 1.50% Reduced -4.1k -4,105
52 MML INVESTORS SERVICES, LLC 1.21% of their portfolio SPRINGFIELD, MA 756,926756.9k $436.9m $436.9m 1.21% Reduced -148.4k -148,443
53 Artemis Wealth Advisors, LLC 69.60% of their portfolio Port Washington, NY 727,869727.9k $460.0m $460.0m 69.60% Added +7.5k +7,538
54 Creative Planning 0.28% of their portfolio OVERLAND PARK, KS 718,318718.3k $414.6m $414.6m 0.28% Added +11.3k +11,294
55 Equitable Holdings, Inc. 2.66% of their portfolio NEW YORK, NY 676,464676.5k $413.8m $413.8m 2.66% Added +46.5k +46,490
56 SUSQUEHANNA ADVISORS GROUP, INC. 18.14% of their portfolio BALA CYNWYD, PA 673,923673.9k $389.0m $389.0m 18.14% Unchanged
57 NISSAY ASSET MANAGEMENT CORP /JAPAN 2.02% of their portfolio Tokyo, M0 660,336660.3k $381.1m $381.1m 2.02% Unchanged
58 TWO SIGMA INVESTMENTS, LP 0.31% of their portfolio NEW YORK, NY 655,424655.4k $378.3m $378.3m 0.31% Added +132.3k +132,347
59 MEITAV INVESTMENT HOUSE LTD 3.99% of their portfolio BENE-BERAQ, L3 629,747629.7k $363.5m $363.5m 3.99% Reduced -39.5k -39,498
60 MILLENNIUM MANAGEMENT LLC 0.27% of their portfolio NEW YORK, NY 618,044618.0k $356.7m $356.7m 0.27% Added +21.1k +21,134
61 JONES FINANCIAL COMPANIES LLLP 0.16% of their portfolio DES PERES, MO 573,848573.8k $322.9m $322.9m 0.16% Added +90.1k +90,118
62 TORONTO DOMINION BANK 0.64% of their portfolio TORONTO, ONTARIO, A6 572,086572.1k $330.2m $330.2m 0.64% Added +191.2k +191,166
63 Rafferty Asset Management, LLC 1.29% of their portfolio New York, NY 551,290551.3k $318.2m $318.2m 1.29% Unchanged
64 MIRAE ASSET SECURITIES (USA) INC. 14.17% of their portfolio NEW YORK, NY 519,624519.6k $299.9m $299.9m 14.17% Reduced -1.2k -1,250
65 Norinchukin Bank, The 3.49% of their portfolio TOKYO, M0 518,000518.0k $299.0m $299.0m 3.49% Unchanged
66 CWM, LLC 0.74% of their portfolio OMAHA, NE 490,751490.8k $283.3m $283.3m 0.74% Reduced -23.3k -23,311
67 Private Advisor Group, LLC 1.29% of their portfolio MORRISTOWN, NJ 476,865476.9k $275.2m $275.2m 1.29% Reduced -23.3k -23,301
68 CAPTRUST FINANCIAL ADVISORS 0.42% of their portfolio RALEIGH, NC 456,659456.7k $237.3m $237.3m 0.42% Added +20.7k +20,664
69 IEQ CAPITAL, LLC 1.20% of their portfolio Foster City, CA 449,174449.2k $259.3m $259.3m 1.20% Reduced -13.3k -13,282
70 Lido Advisors, LLC 1.02% of their portfolio Los Angeles, CA 448,675448.7k $259.0m $259.0m 1.02% Added +58.8k +58,781
71 NATIONAL BANK OF CANADA /FI/ 0.26% of their portfolio MONTREAL, A8 433,674433.7k $250.3m $250.3m 0.26% Reduced -58.8k -58,795
72 Jefferies Financial Group Inc. 3.05% of their portfolio NEW YORK, NY 433,345433.3k $250.1m $250.1m 3.05% Reduced -195.0k -195,022
73 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 429,463429.5k $0 $0 0.00% Reduced -150.4k -150,388
74 CBIZ Investment Advisory Services, LLC 8.88% of their portfolio INDEPENDENCE, OH 420,595420.6k $242.8m $242.8m 8.88% Reduced -665 -665
75 AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio Greenwich, CT 415,129415.1k $239.6m $239.6m 0.11% Added +118.0k +118,036
76 MAI Capital Management 1.34% of their portfolio INDEPENDENCE, OH 407,780407.8k $235.4m $235.4m 1.34% Added +663 +663
77 Varma Mutual Pension Insurance Co 1.35% of their portfolio Varma, H9 400,000400.0k $230.9m $230.9m 1.35% New
78 NorthRock Partners, LLC 3.63% of their portfolio MINNEAPOLIS, MN 389,838389.8k $225.0m $225.0m 3.63% Added +14.3k +14,320
79 Baird Financial Group, Inc. 0.35% of their portfolio MILWAUKEE, WI 384,148384.1k $221.7m $221.7m 0.35% Reduced -13.4k -13,422
80 J.Safra Asset Management Corp 11.64% of their portfolio NEW YORK, NY 374,328374.3k $216.1m $216.1m 11.64% Reduced -16.8k -16,813
81 INVICTUS PRIVATE WEALTH, LLC 12.98% of their portfolio Denver, CO 363,690363.7k $209.9m $209.9m 12.98% Added +3.3k +3,339
82 NATIXIS 0.83% of their portfolio PARIS, I0 359,781359.8k $207.7m $207.7m 0.83% Added +2.2k +2,246
83 Bell Bank 8.79% of their portfolio FARGO, ND 359,025359.0k $207.2m $207.2m 8.79% Added +5.5k +5,467
84 Consolidated Investment Group LLC 22.38% of their portfolio ENGLEWOOD, CO 357,499357.5k $206.3m $206.3m 22.38% Added +47.1k +47,099
85 Kensington Asset Management, LLC 10.91% of their portfolio AUSTIN, TX 347,330347.3k $200.5m $200.5m 10.91% Reduced -27.9k -27,913
86 MERCER GLOBAL ADVISORS INC /ADV 0.30% of their portfolio DENVER, CO 347,140347.1k $200.1m $200.1m 0.30% Reduced -83.2k -83,202
87 Steward Partners Investment Advisory, LLC 1.00% of their portfolio STAMFORD, CT 341,391341.4k $197.0m $197.0m 1.00% Added +22.2k +22,225
88 Marex Group Ltd 2.03% of their portfolio London, X0 339,289339.3k $195.8m $195.8m 2.03% Added +237.8k +237,767
89 PEAPACK GLADSTONE FINANCIAL CORP 2.40% of their portfolio BEDMINSTER, NJ 324,781324.8k $187.5m $187.5m 2.40% Reduced -7.1k -7,145
90 Japan Science & Technology Agency 3.83% of their portfolio TOKYO, M0 319,081319.1k $184.2m $184.2m 3.83% Reduced -84.0k -84,000
91 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 316,036316.0k $182.4m $182.4m 0.04% Reduced -149.4k -149,374
92 Allen Investment Management, LLC 2.25% of their portfolio NEW YORK, NY 315,513315.5k $182.1m $182.1m 2.25% Added +19.4k +19,372
93 BLAIR WILLIAM & CO/IL 0.51% of their portfolio CHICAGO, IL 311,016311.0k $179.5m $179.5m 0.51% Added +29.7k +29,716
94 Cohen Klingenstein LLC 5.77% of their portfolio NEW YORK, NY 308,849308.8k $178.3m $178.3m 5.77% Reduced -9.1k -9,100
95 RITHOLTZ WEALTH MANAGEMENT 3.05% of their portfolio NEW YORK, NY 304,400304.4k $175.7m $175.7m 3.05% Reduced -83.2k -83,175
96 Bank Julius Baer & Co. Ltd, Zurich 0.51% of their portfolio ZURICH, V8 290,337290.3k $167.6m $167.6m 0.51% Reduced -35.1k -35,117
97 SummitTX Capital, L.P. 5.31% of their portfolio FORT WORTH, TX 288,332288.3k $166.4m $166.4m 5.31% Added +120.8k +120,788
98 Quantinno Capital Management LP 0.27% of their portfolio NEW YORK, NY 285,012285.0k $164.5m $164.5m 0.27% Added +78.0k +78,005
99 HARBOUR INVESTMENTS, INC. 2.48% of their portfolio MADISON, WI 278,216278.2k $160.6m $160.6m 2.48% Added +2.7k +2,672
100 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 10.43% of their portfolio Tel Aviv, L3 275,776275.8k $159.2m $159.2m 10.43% Reduced -5.4k -5,379