Vault-13

INVESCO EXCH TRADED FD TR II QQQM

NASDAQ 100 ETF · ETP · CUSIP 46138G649

960 institutional holders +89 vs Q1 2025
104,300,371104.3m shares reported held*
$23.3bnreported value*
143 new 480 added 220 reduced 61 sold out net bought ≈ $3.0bn (+14.7m 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 ($30.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $223.50. Options: 5 managers hold calls ($230.8m notional), 6 hold puts ($146.4m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 262Q4 22: 302Q1 23: 362Q2 23: 409Q3 23: 438Q4 23: 556Q1 24: 609Q2 24: 687Q3 24: 732Q4 24: 855Q1 25: 871Q2 25: 960960Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022262
Q4 2022302
Q1 2023362
Q2 2023409
Q3 2023438
Q4 2023556
Q1 2024609
Q2 2024687
Q3 2024732
Q4 2024855
Q1 2025871
Q2 2025960

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 264 bought or addedQ3 23: 160 cut or sold outQ4 23: 350 bought or addedQ4 23: 139 cut or sold outQ4 23Q1 24: 373 bought or addedQ1 24: 195 cut or sold outQ2 24: 453 bought or addedQ2 24: 197 cut or sold outQ2 24Q3 24: 477 bought or addedQ3 24: 230 cut or sold outQ4 24: 522 bought or addedQ4 24: 200 cut or sold outQ4 24Q1 25: 508 bought or addedQ1 25: 336 cut or sold outQ2 25: 623 bought or addedQ2 25: 281 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023264160
Q4 2023350139
Q1 2024373195
Q2 2024453197
Q3 2024477230
Q4 2024522200
Q1 2025508336
Q2 2025623281

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ3 24 calls: $139.2mQ3 24 puts: $18.7mQ3 24P/C 0.13Q4 24 calls: $142.4mQ4 24 puts: $35.7mQ4 24P/C 0.25Q1 25 calls: $151.8mQ1 25 puts: $29.1mQ1 25P/C 0.19Q2 25 calls: $230.8mQ2 25 puts: $146.4mQ2 25P/C 0.63
Numbers
QuarterCallsPutsP/C
Q3 2024$139.2m$18.7m0.13
Q4 2024$142.4m$35.7m0.25
Q1 2025$151.8m$29.1m0.19
Q2 2025$230.8m$146.4m0.63

Biggest buyers

Invesco Ltd. Added +1,715,025+1.7m
Clal Insurance Enterprises Holdings Ltd Added +1,630,000+1.6m
Soundwatch Capital LLC New +1,390,838+1.4m
LPL Financial LLC Added +1,337,145+1.3m
BANK OF NOVA SCOTIA New +1,222,890+1.2m
Mizuho Bank, Ltd. New +1,200,000+1.2m
ROYAL BANK OF CANADA Added +830,525+830.5k
JONES FINANCIAL COMPANIES LLLP Added +552,695+552.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +433,686+433.7k
Asset Allocation Strategies LLC Added +382,579+382.6k

Biggest sellers

Mirae Asset Global Investments Co., Ltd. Reduced -410,780-410.8k
FMR LLC Reduced -386,805-386.8k
National Mutual Insurance Federation of Agricultural Cooperatives Reduced -310,000-310.0k
RFG Advisory, LLC Reduced -290,313-290.3k
TWO SIGMA INVESTMENTS, LP Reduced -257,700-257.7k
Thrivent Financial for Lutherans Reduced -239,848-239.8k
Aveo Capital Partners, LLC Sold out -152,904-152.9k
PKO Investment Management Joint-Stock Co Reduced -145,000-145.0k
Bogart Wealth, LLC Reduced -135,461-135.5k
Luken Investment Analytics, LLC Reduced -129,228-129.2k

Biggest calls

JANE STREET GROUP, LLC Added $124.6m548.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $86.9m382.5k shares
CITADEL ADVISORS LLC Reduced $17.4m76.4k shares
UBS Group AG Added $1.1m5.0k shares
Belvedere Trading LLC Added $840.3k3.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $106.1m467.3k shares
JANE STREET GROUP, LLC Added $21.4m94.2k shares
CITADEL ADVISORS LLC Added $18.0m79.4k shares
LPL Financial LLC Reduced $794.9k3.5k shares
Belvedere Trading LLC Unchanged $22.7k100 shares
RAYMOND JAMES FINANCIAL INC New $22.0k100 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 Invesco Ltd. 0.42% of their portfolio ATLANTA, GA 10,834,83110.8m $2.5bn $2.5bn 0.42% Added +1.7m +1,715,025
2 LPL Financial LLC 0.67% of their portfolio FORT MILL, SC 8,794,3788.8m $2.0bn $2.0bn 0.67% Added +1.3m +1,337,145
3 ENVESTNET ASSET MANAGEMENT INC 0.50% of their portfolio Berwyn, PA 7,601,2757.6m $1.7bn $1.7bn 0.50% Added +152.5k +152,512
4 First Command Advisory Services, Inc. 9.42% of their portfolio FORT WORTH, TX 4,817,4514.8m $1.1bn $1.1bn 9.42% Reduced -12.4k -12,417
5 Clal Insurance Enterprises Holdings Ltd 8.63% of their portfolio Tel-aviv, L3 3,860,6633.9m $876.8m $876.8m 8.63% Added +1.6m +1,630,000
6 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 3,430,5013.4m $779.1m $779.1m 0.05% Added +320.0k +319,983
7 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.56% of their portfolio MILWAUKEE, WI 3,366,7463.4m $764.6m $764.6m 0.56% Added +433.7k +433,686
8 National Mutual Insurance Federation of Agricultural Cooperatives 5.43% of their portfolio TOKYO, JAPAN, M0 2,955,0003.0m $671.1m $671.1m 5.43% Reduced -310.0k -310,000
9 RAYMOND JAMES FINANCIAL INC 0.19% of their portfolio ST. PETERSBURG, FL 2,477,4332.5m $562.6m $562.6m 0.19% Added +275.8k +275,848
10 PNC Financial Services Group, Inc. 0.36% of their portfolio Pittsburgh, PA 2,427,0222.4m $551.2m $551.2m 0.36% Reduced -88.5k -88,499
11 FMR LLC 0.03% of their portfolio BOSTON, MA 2,007,4212.0m $455.9m $455.9m 0.03% Reduced -386.8k -386,805
12 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 1,887,0271.9m $428.5m $428.5m 0.11% Added +289.5k +289,510
13 MEITAV INVESTMENT HOUSE LTD 5.68% of their portfolio BENE-BERAQ, L3 1,853,6721.9m $421.2m $421.2m 5.68% Added +81.9k +81,933
14 JONES FINANCIAL COMPANIES LLLP 0.31% of their portfolio DES PERES, MO 1,815,3391.8m $409.5m $409.5m 0.31% Added +552.7k +552,695
15 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 1,498,1781.5m $340.2m $340.2m 0.03% Added +830.5k +830,525
16 Cetera Investment Advisers 0.56% of their portfolio SCHAUMBURG, IL 1,458,5021.5m $331.2m $331.2m 0.56% Added +221.7k +221,685
17 Soundwatch Capital LLC 1.00% of their portfolio DALLAS, TX 1,390,8381.4m $5.9m $5.9m 1.00% New
18 BANK OF NOVA SCOTIA 0.57% of their portfolio TORONTO, A6 1,222,8901.2m $277.7m $277.7m 0.57% New
19 Mizuho Bank, Ltd. 26.77% of their portfolio TOKYO, M0 1,200,0001.2m $272.5m $272.5m 26.77% New
20 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 1,179,4521.2m $267.9m $267.9m 0.02% Added +45.3k +45,303
21 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.42% of their portfolio PLYMOUTH, MN 1,119,2161.1m $256.2m $256.2m 0.42% Reduced -5.8k -5,805
22 COMMONWEALTH EQUITY SERVICES, LLC 0.31% of their portfolio WALTHAM, MA 1,040,1091.0m $236.2m $236.2m 0.31% Added +179.8k +179,751
23 OSAIC HOLDINGS, INC. 0.42% of their portfolio SCOTTSDALE, AZ 1,031,9921.0m $234.4m $234.4m 0.42% Added +128.3k +128,300
24 Gerber Kawasaki Wealth & Investment Management 8.05% of their portfolio SANTA MONICA, CA 917,558917.6k $208.4m $208.4m 8.05% Added +77.8k +77,807
25 Provida Pension Fund Administrator 3.60% of their portfolio LAS CONDES, SANTIAGO, F3 875,860875.9k $198.9m $198.9m 3.60% Added +57.8k +57,840
26 UBS Group AG 0.04% of their portfolio ZURICH, V8 789,979790.0k $179.4m $179.4m 0.04% Added +150.8k +150,779
27 Private Advisor Group, LLC 0.95% of their portfolio MORRISTOWN, NJ 774,940774.9k $176.0m $176.0m 0.95% Added +165.0k +164,974
28 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 772,665772.7k $175.5m $175.5m 0.03% Added +24.7k +24,739
29 Mirae Asset Global Investments Co., Ltd. 0.52% of their portfolio SEOUL, M5 660,258660.3k $149.9m $149.9m 0.52% Reduced -410.8k -410,780
30 NISSAY ASSET MANAGEMENT CORP /JAPAN 0.77% of their portfolio Tokyo, M0 578,345578.3k $131.3m $131.3m 0.77% Unchanged
31 Cambridge Investment Research Advisors, Inc. 0.39% of their portfolio FAIRFIELD, IA 565,936565.9k $128.5m $128.5m 0.39% Added +312.0k +312,045
32 MML INVESTORS SERVICES, LLC 0.33% of their portfolio SPRINGFIELD, MA 503,607503.6k $114.4m $114.4m 0.33% Added +25.8k +25,777
33 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 470,494470.5k $106.8m $106.8m 0.02% Unchanged
34 Banco Santander, S.A. 0.96% of their portfolio Madrid, U3 443,620443.6k $100.7m $100.7m 0.96% Reduced -19.5k -19,500
35 Yelin Lapidot Holdings Management Ltd. 18.31% of their portfolio Tel Aviv, L3 441,487441.5k $100.3m $100.3m 18.31% Added +1.9k +1,905
36 Asset Allocation Strategies LLC 6.11% of their portfolio FARMINGTON, MI 435,112435.1k $27.7m $27.7m 6.11% Added +382.6k +382,579
37 Frank, Rimerman Advisors LLC 6.62% of their portfolio Palo Alto, CA 434,028434.0k $98.6m $98.6m 6.62% Added +11.6k +11,577
38 HOLLENCREST CAPITAL MANAGEMENT 4.16% of their portfolio NEWPORT BEACH, CA 428,366428.4k $97.3m $97.3m 4.16% Added +5.9k +5,913
39 Main Management Fund Advisors LLC 11.12% of their portfolio SAN FRANCISCO, CA 410,800410.8k $93.3m $93.3m 11.12% Added +30.7k +30,700
40 Mariner, LLC 0.13% of their portfolio Overland Park, KS 404,593404.6k $91.9m $91.9m 0.13% Added +21.2k +21,154
41 TAIYO LIFE INSURANCE CO 8.17% of their portfolio CHUO-KU, TOKYO, M0 383,000383.0k $87.0m $87.0m 8.17% Unchanged
42 Cerity Partners LLC 0.15% of their portfolio NEW YORK, NY 381,584381.6k $86.7m $86.7m 0.15% Added +10.9k +10,871
43 SAX WEALTH ADVISORS, LLC 5.07% of their portfolio PARSIPPANY, NJ 369,827369.8k $84.0m $84.0m 5.07% Added +7.6k +7,585
44 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 359,136359.1k $81.6m $81.6m 0.04% New
45 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 324,049324.0k $73.6m $73.6m 0.01% Added +272.9k +272,885
46 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 3.44% of their portfolio GRAND BLANC, MI 307,436307.4k $69.8m $69.8m 3.44% Added +113.7k +113,703
47 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 294,196294.2k $66.8m $66.8m 0.08% Added +166.6k +166,557
48 US BANCORP \DE\ 0.08% of their portfolio MINNEAPOLIS, MN 291,867291.9k $66.3m $66.3m 0.08% Added +9.3k +9,308
49 Equitable Holdings, Inc. 0.51% of their portfolio NEW YORK, NY 272,197272.2k $61.8m $61.8m 0.51% Added +26.6k +26,648
50 Bogart Wealth, LLC 2.61% of their portfolio MCLEAN, VA 268,563268.6k $61.0m $61.0m 2.61% Reduced -135.5k -135,461
51 AVANTAX ADVISORY SERVICES, INC. 0.33% of their portfolio DALLAS, TX 265,759265.8k $60.4m $60.4m 0.33% Added +21.5k +21,529
52 Integrated Wealth Concepts LLC 0.58% of their portfolio WALTHAM, MA 253,745253.7k $57.6m $57.6m 0.58% Added +23.1k +23,105
53 Cornerstone Planning Group LLC 11.93% of their portfolio FAIRFIELD, NJ 253,424253.4k $58.4m $58.4m 11.93% New
54 EXCHANGE TRADED CONCEPTS, LLC 0.72% of their portfolio Oklahoma City, OK 248,948248.9k $56.5m $56.5m 0.72% Added +161.5k +161,546
55 PAYDEN & RYGEL 4.56% of their portfolio LOS ANGELES, CA 242,572242.6k $55.1m $55.1m 4.56% Unchanged
56 IEQ CAPITAL, LLC 0.33% of their portfolio Foster City, CA 237,274237.3k $53.9m $53.9m 0.33% Added +4.2k +4,218
57 Main Management LLC 4.10% of their portfolio SAN FRANCISCO, CA 229,487229.5k $52.1m $52.1m 4.10% Added +56.3k +56,289
58 Cresset Asset Management, LLC 0.26% of their portfolio Chicago, IL 225,703225.7k $51.3m $51.3m 0.26% Reduced -57.7k -57,668
59 RATIONAL ADVISORS, INC. 5.07% of their portfolio San Juan, PR 225,321225.3k $51.2m $51.2m 5.07% Reduced -17.4k -17,352
60 Whelan Financial 18.22% of their portfolio FRESNO, CA 221,844221.8k $50.4m $50.4m 18.22% Reduced -9.0k -8,958
61 One Day In July LLC 4.50% of their portfolio BURLINGTON, VT 218,620218.6k $49.6m $49.6m 4.50% Added +51.2k +51,158
62 Migdal Insurance & Financial Holdings Ltd. 0.29% of their portfolio Petach Tikva, L3 217,616217.6k $49.4m $49.4m 0.29% Added +121.5k +121,456
63 Scarborough Advisors, LLC 9.54% of their portfolio ANNAPOLIS, MD 211,840211.8k $48.1m $48.1m 9.54% Added +25.1k +25,137
64 Western Wealth Management, LLC 2.82% of their portfolio GOLDEN, CO 208,704208.7k $47.4m $47.4m 2.82% Added +6.6k +6,611
65 TRUIST FINANCIAL CORP 0.07% of their portfolio CHARLOTTE, NC 200,898200.9k $45.6m $45.6m 0.07% Added +26.2k +26,246
66 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 200,104200.1k $45.4m $45.4m 0.00% Reduced -51.4k -51,449
67 ALTFEST L J & CO INC 5.34% of their portfolio NEW YORK, NY 199,365199.4k $45.3m $45.3m 5.34% Added +190.1k +190,080
68 WADDELL & ASSOCIATES, LLC 4.71% of their portfolio MEMPHIS, TN 194,421194.4k $44.2m $44.2m 4.71% Added +2.3k +2,319
69 Syntegra Private Wealth Group, LLC 4.47% of their portfolio Chesterfield, MO 192,931192.9k $43.8m $43.8m 4.47% Added +958 +958
70 Kestra Advisory Services, LLC 0.21% of their portfolio AUSTIN, TX 191,783191.8k $43.6m $43.6m 0.21% Added +14.1k +14,130
71 DENVER WEALTH MANAGEMENT, INC. 16.96% of their portfolio DENVER, CO 180,563180.6k $41.0m $41.0m 16.96% Added +20.1k +20,122
72 TruWealth Advisors, LLC 2.14% of their portfolio Metairie, LA 171,423171.4k $38.9m $38.9m 2.14% Reduced -287 -287
73 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.09% of their portfolio LOS ANGELES, CA 171,217171.2k $38.9m $38.9m 0.09% Reduced -175 -175
74 Leith Wheeler Investment Counsel Ltd. 2.64% of their portfolio VANCOUVER, A1 163,184163.2k $37.1m $37.1m 2.64% Unchanged
75 NewEdge Advisors, LLC 0.19% of their portfolio NEW ORLEANS, LA 162,434162.4k $36.9m $36.9m 0.19% Added +42.1k +42,104
76 TOBIAS FINANCIAL ADVISORS, INC. 6.10% of their portfolio Plantation, FL 156,811156.8k $35.6m $35.6m 6.10% Reduced -4.3k -4,283
77 Kingsview Wealth Management, LLC 0.58% of their portfolio GRANTS PASS, OR 152,084152.1k $34.5m $34.5m 0.58% Added +61.5k +61,501
78 Fusion Family Wealth, LLC 2.91% of their portfolio WOODBURY, NY 151,423151.4k $34.4m $34.4m 2.91% Reduced -1.3k -1,274
79 D'Orazio & Associates, Inc. 4.85% of their portfolio VIENNA, VA 151,160151.2k $34.3m $34.3m 4.85% Reduced -951 -951
80 IHT Wealth Management, LLC 0.94% of their portfolio Chicago, IL 149,952150.0k $34.1m $34.1m 0.94% Added +85.8k +85,793
81 Verde Capital Management 8.38% of their portfolio CLARKSTON, MI 149,468149.5k $33.9m $33.9m 8.38% Added +2.9k +2,887
82 ARTHUR M. COHEN & ASSOCIATES, LLC 5.92% of their portfolio NORTHBROOK, IL 147,471147.5k $33.5m $33.5m 5.92% Added +1.1k +1,133
83 EP Wealth Advisors, LLC 0.21% of their portfolio TORRANCE, CA 143,056143.1k $32.5m $32.5m 0.21% Reduced -1.0k -1,005
84 LODESTAR PRIVATE ASSET MANAGEMENT LLC 3.66% of their portfolio ALAMO, CA 139,874139.9k $31.8m $31.8m 3.66% Added +2.3k +2,277
85 Highland Financial Advisors, LLC 10.11% of their portfolio WAYNE, NJ 138,725138.7k $31.5m $31.5m 10.11% Added +6.1k +6,141
86 Stewardship Advisors, LLC 7.95% of their portfolio MOUNT JOY, PA 138,222138.2k $31.4m $31.4m 7.95% Added +1.1k +1,096
87 Whitaker-Myers Wealth Managers, LTD. 7.85% of their portfolio Mansfield, OH 137,241137.2k $31.2m $31.2m 7.85% Added +9.3k +9,252
88 Steward Partners Investment Advisory, LLC 0.24% of their portfolio STAMFORD, CT 134,196134.2k $30.5m $30.5m 0.24% Added +11.2k +11,203
89 SMITH CHAS P & ASSOCIATES PA CPAS 1.70% of their portfolio LAKELAND, FL 133,453133.5k $30.3m $30.3m 1.70% Added +2.4k +2,425
90 360 Financial, Inc. 9.55% of their portfolio WAYZATA, MN 133,259133.3k $30.3m $30.3m 9.55% Added +6.8k +6,828
91 ACT Advisors, LLC. 13.44% of their portfolio ASHEVILLE, NC 127,999128.0k $29.1m $29.1m 13.44% New
92 KPP Advisory Services LLC 4.62% of their portfolio Louisville, KY 123,289123.3k $28.0m $28.0m 4.62% Added +42.6k +42,591
93 SOL Capital Management CO 2.71% of their portfolio ROCKVILLE, MD 123,068123.1k $27.9m $27.9m 2.71% Added +2.3k +2,252
94 AFFINITY WEALTH LLC 23.63% of their portfolio CANTON, OH 122,166122.2k $27.7m $27.7m 23.63% Added +9.1k +9,057
95 RFG Advisory, LLC 0.65% of their portfolio BIRMINGHAM, AL 121,386121.4k $27.6m $27.6m 0.65% Reduced -290.3k -290,313
96 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 120,956121.0k $27.5m $27.5m 0.06% Added +4.8k +4,777
97 ADAMSBROWN WEALTH CONSULTANTS LLC 7.93% of their portfolio WICHITA, KS 120,385120.4k $27.3m $27.3m 7.93% Added +8.2k +8,152
98 Signal Advisors Wealth, LLC 2.12% of their portfolio DETROIT, MI 119,618119.6k $27.2m $27.2m 2.12% Added +25.7k +25,696
99 Financial Partners Group, Inc 3.73% of their portfolio Overland Park, KS 118,800118.8k $27.0m $27.0m 3.73% Added +7.2k +7,224
100 IFG Advisors, LLC 4.51% of their portfolio ST. LOUIS, MO 118,273118.3k $26.9m $26.9m 4.51% Added +8.3k +8,252