Fund · Invesco NASDAQ Internet ETF · measured from SEC filings
PNQI holdings
PNQI reports 78 holdings and behaves like 22 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-07-31. The fact sheet publishes the first number; this page computes the second, and traces it across 27 quarters of filings.
Measured concentration
as of 2026-07-31Read this figure with the following in mind
5.2% of net assets is securities-lending cash collateral, excluded from the figure; counted as filed the fund would read 21.2
The figure below is what the filing says, published unchanged. What it may not do is sit beside a plain long-only fund and be read as the same quantity. How comparability is decided.
Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 95.02% at a quoted market price (level 1), 7 issuer countries.
What stands out
as of 2026-07-31PNQI's largest investment is Amazon.com Inc at 9.87% of net assets. Alphabet Inc and Microsoft Corp follow; the three together are 27.58%. Ten companies are 59% of the fund; the other 68 share the rest. Among the 721 equity funds measured here, PNQI behaves like 22 holdings against a median of 42.4 — 1.9 times more concentrated than the median. Across 27 quarterly filings PNQI has held roughly steady since 2019-10-31 (21.6 then, 19.7 now). Between the 2026-01-31 and 2026-04-30 filings 6 positions were added and 6 dropped; 9.0% of the weight moved. the United States is the largest country at 87.44% of the portfolio, across 7 countries in the filing.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.
Every filing since 2019
27Between 2019-10-31 and 2026-04-30, PNQI went from behaving like 21.6 equally weighted positions to 19.7 — 9% fewer, while its top ten went from 58.5% to 62.07% of net assets. Read across the funds on the concentration-over-time table.
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-04-30 | 78 | 19.7 | 62.07% | 9.86% |
| 2026-01-31 | 78 | 20 | 61.98% | 9.29% |
| 2025-10-31 | 80 | 19.7 | 61.97% | 10.2% |
| 2025-07-31 | 79 | 20.4 | 60.53% | 8.86% |
| 2025-04-30 | 80 | 21.7 | 59.76% | 8.51% |
| 2025-01-31 | 78 | 20.1 | 61.26% | 9.2% |
| 2024-10-31 | 79 | 21.6 | 59.8% | 8.27% |
| 2024-07-31 | 80 | 20.8 | 61.28% | 8.97% |
Earlier filings (19 more, back to 2019-10-31)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-04-30 | 79 | 21.1 | 59.59% | 9.7% |
| 2024-01-31 | 83 | 21 | 60.96% | 8.85% |
| 2023-10-31 | 83 | 20.1 | 62.29% | 8.92% |
| 2023-07-31 | 84 | 22.4 | 58.67% | 8.41% |
| 2023-04-30 | 84 | 19.4 | 63.27% | 10.04% |
| 2023-01-31 | 80 | 21.6 | 59.66% | 9.12% |
| 2022-10-31 | 80 | 21.6 | 61.01% | 8.75% |
| 2022-07-31 | 82 | 21.4 | 60.98% | 9.05% |
| 2022-04-30 | 83 | 21 | 61.25% | 9.17% |
| 2022-01-31 | 81 | 21.4 | 60.46% | 9.15% |
| 2021-10-31 | 82 | 22.2 | 60.05% | 8.51% |
| 2021-07-31 | 84 | 22.1 | 59.35% | 8.54% |
| 2021-04-30 | 84 | 20 | 62.02% | 9.9% |
| 2021-01-31 | 87 | 24.1 | 55.56% | 8.06% |
| 2020-10-31 | 89 | 23 | 57.31% | 8.87% |
| 2020-07-31 | 89 | 22.8 | 57.98% | 8.81% |
| 2020-04-30 | 90 | 21.7 | 60.04% | 10.01% |
| 2020-01-31 | 82 | 22.3 | 57.76% | 8.43% |
| 2019-10-31 | 84 | 21.6 | 58.5% | 8.66% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
As filed, collateral included
5.24% collateralPNQI's filing lists 80 positions including 5.24% of net assets in securities-lending cash collateral. Counted as filed the fund reads 21.2 effective holdings with a top ten of 59.03%; on its own investments — the figure above — it reads 22 with a top ten of 59%. The collateral is matched by a liability and is not a holding the fund chose; since 2026-09-18 every figure on this site sets it aside (methodology). Both numbers are in the data.
Largest positions, as filed
as of 2026-04-30The 15 largest of 78 positions in PNQI's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: PNQI.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | Amazon.com, Inc. | 9.86% | 9.9% |
| 2 | Alphabet Inc. | 9.58% | 19.4% |
| 3 | Microsoft Corp. | 8.11% | 27.6% |
| 4 | Apple Inc. | 8.03% | 35.6% |
| 5 | Meta Platforms, Inc. | 7.38% | 43.0% |
| 6 | Shopify Inc. | 3.92% | 46.9% |
| 7 | Uber Technologies, Inc. | 3.87% | 50.8% |
| 8 | Walt Disney Co. (The) | 3.82% | 54.6% |
| 9 | Netflix, Inc. | 3.80% | 58.4% |
| 10 | Booking Holdings Inc. | 3.69% | 62.1% |
| 11 | Salesforce, Inc. | 3.09% | 65.2% |
| 12 | Intuit Inc. | 2.97% | 68.1% |
| 13 | Adobe Inc. | 2.78% | 70.9% |
| 14 | Spotify Technology S.A. | 2.54% | 73.5% |
| 15 | MercadoLibre, Inc. | 2.52% | 76.0% |
By country of issuer
as of 2026-04-30Share of PNQI's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.
| Country | Share |
|---|---|
| United States | 87.71% |
| Cayman Islands° | 5.13% |
| Canada | 4.08% |
| Luxembourg° | 2.54% |
| Israel | 0.26% |
| Netherlands° | 0.13% |
| Mauritius | 0.12% |
| France | 0.03% |
Returns the fund reported
2019-08 – 2026-04Monthly total returns from Item B.5 of PNQI's own filings, 81 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: PNQI.json · all funds.
Who borrows PNQI's shares
2026-07-31The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-07-31, $26m was out to 21 borrowers. The largest, CITIGROUP GLOBAL MARKETS INC., held 19.2% of it.
| Borrower | On loan | Share of the loan |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $5m | 19.2% |
| CITADEL SECURITIES LLC | $5m | 18.2% |
| BARCLAYS CAPITAL INC. | $4m | 17.0% |
| BNP PARIBAS PRIME BROKERAGE INTERNATIONAL LIMITED | $4m | 16.0% |
| PERSHING, LLC | $2m | 7.3% |
The filing reports no cash collateral position against this loan. Collateral taken in a form the fund does not hold as a position does not appear in N-PORT, so this is silence rather than absence. What the collateral figure can and cannot show. Every quarter PNQI has filed, with each borrower: PNQI.json · all funds.
Since the previous filing
2026-01-31 → 2026-04-3078 positions became 78: 6 added (4.2% of the fund at the later date), 6 dropped (1.5% at the earlier date). Half the sum of all weight changes, a turnover proxy: 9.0%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of PNQI compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-01-31 | 2026-04-30 | Largest decreases | 2026-01-31 | 2026-04-30 |
|---|---|---|---|---|---|
| Amazon.com, Inc. | 8.62% | 9.86% | Meta Platforms, Inc. | 9.29% | 7.38% |
| Microsoft Corp. | 7.35% | 8.11% | Salesforce, Inc. | 3.87% | 3.09% |
| Alphabet Inc. | 8.89% | 9.58% | Walt Disney Co. (The) | 4.54% | 3.82% |
| Netflix, Inc. | 3.26% | 3.80% | Booking Holdings Inc. | 4.28% | 3.69% |
| Shopify Inc. | 3.48% | 3.92% | Alibaba Group Holding Ltd. | 2.48% | 1.94% |
| Apple Inc. | 7.82% | 8.03% | Adobe Inc. | 3.24% | 2.78% |
New: Intuit Inc. (2.97%), Twilio Inc. (0.62%), HubSpot, Inc. (0.32%), Elastic N.V. (0.13%), Lemonade, Inc. (0.12%), eGain Corp. (0.01%). Gone: Electronic Arts Inc. (1.34%), Cimpress PLC (0.05%), Ziff Davis, Inc. (0.04%), Bed Bath & Beyond, Inc. (0.01%), GoodRx Holdings, Inc. (0.01%), 1-800-FLOWERS.COM, Inc. (0.00%).
Asset categories and pricing
as of 2026-07-3194.98% equity, 5.02% short-term investment as filed; 95.0% carried at a quoted market price (fair-value level 1). Categories and levels are the filer's; what a low level-1 share does and does not mean is in the measure's page.
Neighbours by effective holdings, equity funds
10Every measured equity fund lined up by how many holdings it behaves like; these sit either side of PNQI (22). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| PHO Invesco Water Resources ETF | 41 | 21.8 | 57.42% | 2026-07-31 |
| QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 53 | 21.8 | 58.64% | 2026-06-30 |
| EWD iShares MSCI Sweden ETF | 51 | 21.8 | 58.28% | 2026-05-31 |
| TPYP Tortoise North American Pipeline ETF | 45 | 21.9 | 59.15% | 2026-05-31 |
| RSPG Invesco S&P 500 Equal Weight Energy ETF | 23 | 21.9 | 48.36% | 2026-07-31 |
| IVW iShares S&P 500 Growth ETF | 149 | 22.1 | 56.37% | 2026-06-30 |
| SPYG State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF | 150 | 22.1 | 56.4% | 2026-06-30 |
| NETZ TCW Transform Systems ETF | 31 | 22.5 | 53.8% | 2026-07-31 |
| HLAL Wahed FTSE USA Shariah ETF | 207 | 22.5 | 55.72% | 2026-05-31 |
| WINN Harbor Long-Term Growers ETF | 74 | 22.6 | 57.94% | 2026-07-31 |
Essays that examine PNQI
0Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.