Holdings Channel conducted an analysis of the most recent 50 13F filings for the June 30, 2026, reporting period and discovered that the Invesco Nasdaq 100 ETF (QQQM) was reported as a holding by 29 of these funds. Despite the number of funds reporting QQQM, the total number of shares owned by all 29 dropped by 1,838,952 shares, or nearly 19.7 percent, compared to the previous quarter, showing that these funds collectively reduced their exposure to the ETF during this period.
Eleven Funds Up, One Down, Sixteen New
Of the 29 funds that held QQQM in June, 11 reported an increase in their shares compared to the March 31, 2026, reporting period, showing a growing interest in the ETF. Meanwhile, just one fund cut back on its holdings. The most notable trend, however, was the addition of 16 new funds to the list. These new entrants suggest some investors were beginning to build positions in the Nasdaq 100 ETF for the first time. The mix of increased, reduced, and new positions highlights how actively some managers are adjusting their portfolios in response to market conditions.
What 13F Filings Don’t Show: Short Positions
One of the key things to remember about 13F filings is that they only capture long positions. Funds are not required to report shorting activity, which means that a fund appearing bullish on QQQM might actually be taking a bearish stance through other tools like short calls. For example, a fund could be long QQQM shares but also short related options or other instruments betting against the Nasdaq 100. This can cause the fund's true market view to look different than what is presented in the filings. Analysts caution that these filings should be used alongside other data to form a complete picture of a fund's strategy. Holdings Channel aims to continue monitoring these funds in future reports to see if there are any shifts in how they manage their QQQM exposure.