Mulden.
257 essays 1,087 funds measured independent · not paid by any fund or issuer we cover

Fund · Invesco NASDAQ 100 ETF · measured from SEC filings

QQQM holdings

QQQM reports 103 holdings and behaves like 32 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-05-31. The fact sheet publishes the first number; this page computes the second, and traces it across 23 quarters of filings.

Measured concentration

as of 2026-05-31
103 Positions reported
32 Effective holdings
3.2× Concentration multiple
47.43% Top ten weight

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: 99.68% at a quoted market price (level 1), 6 issuer countries, 6.75% restricted securities.

What stands out

as of 2026-05-31

QQQM's largest investment is Nvidia Corp at 8.13% of net assets. Apple Inc and Microsoft Corp follow; the three together are 20.69%. Ten companies are 47.43% of the fund; the other 93 share the rest. Among the 721 equity funds measured here, QQQM behaves like 32 holdings against a median of 42.4 — close to the median. Across 23 quarterly filings QQQM has become less concentrated: it behaved like 20.7 at 2020-11-30 and 32 at 2026-05-31. Between the 2026-02-28 and 2026-05-31 filings 4 positions were added and 3 dropped; 11.3% of the weight moved.

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 2020

23

Between 2020-11-30 and 2026-05-31, QQQM went from behaving like 20.7 equally weighted positions to 32 — 55% more, while its top ten went from 55.42% to 47.43% of net assets. Read across the funds on the concentration-over-time table.

PeriodHoldingsEffective Top 10Largest
2026-05-31 103 32 47.43% 8.15%
2026-02-28 102 32.5 46.84% 8.4%
2025-11-30 103 26 53.74% 9.09%
2025-08-31 103 26.5 52.07% 9.74%
2025-05-31 103 29 50.13% 8.63%
2025-02-28 102 28.5 49.73% 9.5%
2024-11-30 101 28.2 51.08% 8.77%
2024-08-31 102 28.5 49.87% 9.16%
Earlier filings (15 more, back to 2020-11-30)
PeriodHoldingsEffectiveTop 10Largest
2024-05-31 102 29.9 48.61% 8.5%
2024-02-29 101 31.2 47.12% 8.83%
2023-11-30 101 26.2 49.27% 11.08%
2023-08-31 102 27.2 48.82% 11.31%
2023-05-31 101 19.5 58.69% 13.24%
2023-02-28 101 22.4 53.46% 12.12%
2022-11-30 102 24.5 48.57% 12.95%
2022-08-31 103 22.3 52.48% 13.56%
2022-05-31 103 23.8 51.42% 12.51%
2022-02-28 102 23.5 52.23% 12.36%
2021-11-30 103 22 56.18% 11.71%
2021-08-31 102 24 53.4% 11.27%
2021-05-31 103 25.2 51.66% 10.7%
2021-02-28 103 24.9 51.1% 11.19%
2020-11-30 104 20.7 55.42% 12.8%

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.

Compared with, in the essays

6
VOO · 7 SCHD · 3 AVUV · 2 TQQQ · 2 SGOV · 2 QQQ · 1

Overlap with other funds

23

Measured against every other fund on this site, from the same filings. Combined effective holdings is how the pair behaves held in equal size.

WithOverlapSharedCombined effective
QQQM vs QQQ 91.56% 95 33.2
QQQM vs VUG 62.67% 56 26.4
QQQM vs XLK 55.5% 34 24.2
QQQM vs VOO 54.2% 88 42
QQQM vs VGT 53.73% 39 23.4
QQQM vs IVV 53.41% 86 42
QQQM vs VTI 47.73% 91 46.9
QQQM vs ITOT 47.3% 90 46.7
QQQM vs SMH 32.62% 17 25.6
QQQM vs VIG 30.18% 28 60
13 more pairs, down to 0% overlap
WithOverlapSharedCombined effective
QQQM vs VT 29.95% 96 63.9
QQQM vs TQQQ 29.03% 96 18
QQQM vs VTV 19.51% 41 80.7
QQQM vs SCHD 5.21% 8 59.6
QQQM vs IFRA 1.55% 5 79.5
QQQM vs XLU 1.18% 4 48.6
QQQM vs VEA 0.47% 3 112.7
QQQM vs VXUS 0.37% 2 114.7
QQQM vs VWO 0.03% 1 71.9
QQQM vs AGG 0% 0 121.1
QQQM vs BND 0% 0 123.5
QQQM vs SGOV 0% 0 44.7
QQQM vs AVUV 0% 0 114.6

Largest positions, as filed

as of 2026-05-31

The 15 largest of 103 positions in QQQM's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: QQQM.csv.gz.

#PositionWeightCumulative
1NVIDIA Corp.8.15%8.2%
2Apple Inc.7.28%15.4%
3Microsoft Corp.5.31%20.7%
4Micron Technology, Inc.4.79%25.5%
5Amazon.com, Inc.4.62%30.2%
6Advanced Micro Devices, Inc.3.69%33.8%
7Alphabet Inc.3.52%37.4%
8Tesla, Inc.3.46%40.8%
9Broadcom Inc.3.37%44.2%
10Alphabet Inc.3.25%47.4%
11Meta Platforms, Inc.2.96%50.4%
12Intel Corp.2.51%52.9%
13Walmart Inc.2.48%55.4%
14Cisco Systems, Inc.2.09%57.5%
15Costco Wholesale Corp.1.86%59.3%

By country of issuer

as of 2026-05-31

Share of QQQM's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.

CountryShare
United States 95.48%
Ireland° 1.85%
Netherlands° 1.19%
Canada 0.80%
United Kingdom 0.40%
Cayman Islands° 0.25%
Not stated in filing 0.03%

Returns the fund reported

2020-10 – 2026-05

Monthly total returns from Item B.5 of QQQM's own filings, 68 months on record. Not computed here and not from a price feed.

42.9%Last twelve months filed
160%Whole series, compounded
15.6%Best month
-13.3%Worst month

Cross-checked against a series computed separately from prices: median difference 0.04 percentage points over 67 months, which is roughly the distributions. Every month with the filing it came from: QQQM.json · all funds.

Who borrows QQQM's shares

2026-05-31

The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-05-31, $302m was out to 17 borrowers, 0.31% of net assets. The largest, PERSHING, LLC, held 29.9% of it.

BorrowerOn loanShare of the loan
PERSHING, LLC $90m 29.9%
BANK OF NEW YORK MELLON $58m 19.2%
BNP PARIBAS PRIME BROKERAGE INTERNATIONAL LIMITED $44m 14.5%
BofA Securities, Inc. $31m 10.3%
STATE STREET BANK & TRUST COMPANY $25m 8.1%

Cash collateral reported against the loan: 0.32% of net assets, 103% of the amount lent. That is a floor on the collateral, not the whole of it — collateral the fund does not hold as a position is not in this filing, so a figure under 100% is not evidence of under-collateralisation. How that figure behaves across all funds. Every quarter QQQM has filed, with each borrower: QQQM.json · all funds.

Since the previous filing

2026-02-28 → 2026-05-31

102 positions became 103: 4 added (1.6% of the fund at the later date), 3 dropped (0.4% at the earlier date). Half the sum of all weight changes, a turnover proxy: 11.3%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of QQQM compared this way, as a feed: changes.xml · all funds: filings received.

Largest increases2026-02-282026-05-31Largest decreases2026-02-282026-05-31
Micron Technology, Inc.2.50%4.79% Walmart Inc.3.37%2.48%
Advanced Micro Devices, Inc.1.75%3.69% Meta Platforms, Inc.3.71%2.96%
Intel Corp.1.17%2.51% Netflix, Inc.2.20%1.59%
Broadcom Inc.2.94%3.37% Costco Wholesale Corp.2.41%1.86%
Marvell Technology, Inc.0.38%0.78% Tesla, Inc.3.92%3.46%
Cisco Systems, Inc.1.69%2.09% T-Mobile US, Inc.1.31%0.91%

New: Sandisk Corp. (1.10%), Lumentum Holdings Inc. (0.27%), Thomson Reuters Corp. (0.17%), N/A (0.03%). Gone: Thomson Reuters Corp. (0.23%), CoStar Group, Inc. (0.10%), Atlassian Corp. (0.07%).

Asset categories and pricing

as of 2026-05-31
Asset category (as filed)Share of investments
equity EC99.54%
short-term investment STIV0.43%
derivative DE0.03%

99.7% of QQQM is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.

Derivative exposure and counterparties

as of 2026-05-31

A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $97.15B. Notional of an interest-rate or currency swap is not equity exposure.

99.59%Stocks held directly
0%Swap notional (0)
0.12%Futures notional (1)
99.7%Sum, % of net assets

Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).

Neighbours by effective holdings, equity funds

10

Every measured equity fund lined up by how many holdings it behaves like; these sit either side of QQQM (32). Same filings, same arithmetic. Position in this list says nothing about which fund is better.

FundReportsBehaves likeTop tenAs of
DWLD Davis Select Worldwide ETF 41 31.7 43.03% 2026-07-31
HCMT Direxion HCM Tactical Enhanced US ETF 508 31.8 * 45.25% 2026-07-31
SCHD Schwab U.S. Dividend Equity ETF 102 32 43.64% 2026-05-31
BBCA JPMorgan BetaBuilders Canada ETF 79 32 44.4% 2026-07-31
EUFN iShares MSCI Europe Financials ETF 93 32 45.13% 2026-07-31
BAFE Brown Advisory Flexible Equity ETF 44 32.1 43.48% 2026-06-30
DFAR Dimensional US Real Estate ETF 123 32.2 48.4% 2026-07-31
FXU First Trust Utilities AlphaDEX Fund 41 32.5 41.18% 2026-07-31
QYLD Global X NASDAQ 100 Covered Call ETF 103 32.8 46.44% 2026-07-31
LRGC AB US Large Cap Strategic Equities ETF 70 32.8 45.16% 2026-05-31

Measures applied in the essays

8

On video

1

The same filings read aloud in under a minute. Links open YouTube; nothing from it loads on this page.

Essays that examine QQQM

63

Mentions 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.