Fund · ProShares UltraPro Short QQQ · measured from SEC filings
SQQQ holdings
SQQQ reports 13 holdings and behaves like 3.3 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 27 quarters of filings.
Measured concentration
as of 2026-05-31This figure is not comparable with other funds
swap and futures notional is 303% of net assets: the fund's exposure is delivered by derivatives, and a count of its filed positions does not describe it. See the exposure section for what the notional is written on
52.1% of net assets carries no asset category in the filing
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: 52.12% at a quoted market price (level 1), one issuer country.
What stands out
as of 2026-05-31The largest line in SQQQ's filing is not a stock but ProShares Genius Money Market ETF, a fund position at 104.36% of net assets. Between the 2026-02-28 and 2026-05-31 filings 8 positions were added and 4 dropped; 50.4% of the weight moved.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable unknown funds on this site. Nothing here is a view on the fund.
Every filing since 2019
27| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-05-31 * | 13 | 3.3 | 99.01% | 52.12% |
| 2026-02-28 * | 16 | 2.7 | 99.13% | 47.88% |
| 2025-11-30 * | 17 | 5.5 | 97.05% | 25.94% |
| 2025-08-31 * | 16 | 9.6 | 94.59% | 15.37% |
| 2025-05-31 * | 22 | 10.9 | 88.34% | 15.84% |
| 2025-02-28 * | 15 | 6.1 | 97.69% | 26.54% |
| 2024-11-30 * | 19 | 12.6 | 83.62% | 13% |
| 2024-08-31 * | 26 | 16.4 | 68.2% | 11.83% |
Earlier filings (19 more, back to 2019-11-30)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-05-31 * | 22 | 11 | 80.04% | 20.62% |
| 2024-02-29 * | 27 | 17.1 | 64.86% | 12.42% |
| 2023-11-30 * | 39 | 29.3 | 45% | 5.28% |
| 2023-08-31 * | 33 | 25.1 | 49.24% | 7.13% |
| 2023-05-31 * | 42 | 34.7 | 38.96% | 5.23% |
| 2023-02-28 * | 38 | 16.5 | 64.58% | 16.53% |
| 2022-11-30 * | 19 | 11.7 | 88.62% | 12% |
| 2022-08-31 * | 32 | 19 | 64.88% | 7.98% |
| 2022-05-31 * | 29 | 13.8 | 69.58% | 15.02% |
| 2022-02-28 * | 33 | 18.1 | 58.39% | 15.68% |
| 2021-11-30 * | 29 | 16.8 | 67.65% | 10.16% |
| 2021-08-31 * | 28 | 19.8 | 60.62% | 11.24% |
| 2021-05-31 * | 26 | 19.2 | 62.53% | 9.41% |
| 2021-02-28 * | 26 | 17.8 | 65.79% | 10.97% |
| 2020-11-30 * | 32 | 21.9 | 58.63% | 8.1% |
| 2020-08-31 * | 29 | 20.5 | 60.12% | 9.05% |
| 2020-05-31 * | 30 | 17.8 | 62.35% | 13.29% |
| 2020-02-29 * | 24 | 13.5 | 74.15% | 17.39% |
| 2019-11-30 * | 27 | 17.8 | 62.47% | 13.07% |
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.
Largest positions, as filed
as of 2026-05-31The 10 largest of 13 positions in SQQQ's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: SQQQ.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | ProShares GENIUS Money Market ETF | 52.12% | 52.1% |
| 2 | U.S. Treasury Bills | 10.03% | 62.1% |
| 3 | U.S. Treasury Bills | 8.93% | 71.1% |
| 4 | United States of America | 6.71% | 77.8% |
| 5 | United States of America | 5.48% | 83.3% |
| 6 | United States of America | 4.47% | 87.7% |
| 7 | U.S. Treasury Bills | 4.46% | 92.2% |
| 8 | United States of America | 4.45% | 96.6% |
| 9 | Repurchase Agreement | 1.68% | 98.3% |
| 10 | United States of America | 1.67% | 100.0% |
Returns the fund reported
2019-09 – 2026-05Monthly total returns from Item B.5 of SQQQ'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: SQQQ.json · all funds.
Since the previous filing
2026-02-28 → 2026-05-316 positions became 10: 8 added (46.2% of the fund at the later date), 4 dropped (49.3% at the earlier date). Half the sum of all weight changes, a turnover proxy: 50.4%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of SQQQ compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-02-28 | 2026-05-31 | Largest decreases | 2026-02-28 | 2026-05-31 |
|---|---|---|---|---|---|
| ProShares GENIUS Money Market ETF | 47.88% | 52.12% | Repurchase Agreement | 2.79% | 1.68% |
New: U.S. Treasury Bills (10.03%), U.S. Treasury Bills (8.93%), United States of America (6.71%), United States of America (5.48%), United States of America (4.47%), U.S. Treasury Bills (4.46%). Gone: United States of America (34.05%), United States of America (14.28%), N/A (0.69%), United States of America (0.31%).
Asset categories and pricing
as of 2026-05-31| Asset category (as filed) | Share of investments |
|---|---|
| unknown unknown | 52.12% |
| short-term investment STIV | 46.20% |
| repurchase agreement RA | 1.68% |
52.1% of SQQQ 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 2026-05-31A 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 $2.23B. Notional of an interest-rate or currency swap is not equity exposure.
| Swap counterparty | Notional | % of net assets |
|---|---|---|
| Barclays Bank plc | −$733M | -32.83% |
| UBS AG | −$727M | -32.56% |
| Bank of America NA | −$702M | -31.44% |
| Morgan Stanley & Co. International plc | −$659M | -29.51% |
| Societe Generale SA | −$653M | -29.28% |
| BNP PARIBAS | −$624M | -27.98% |
| CITIBANK, NATIONAL ASSOCIATION | −$622M | -27.85% |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | −$620M | -27.79% |
| Goldman Sachs International | −$535M | -23.98% |
| Nomura Global Financial Products, Inc | −$530M | -23.76% |
Financing leg as filed : the fund receives FEDL01 + 0.653% on $6.40B of short swap notional. Issuers fill the spread field differently (some file the all-in rate), so compare within an issuer, not across.
Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).
Neighbours by effective holdings, unknown funds
10Every measured unknown fund lined up by how many holdings it behaves like; these sit either side of SQQQ (3.3). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| SDS ProShares UltraShort S&P500 | 10 | 2 * | 100% | 2026-05-31 |
| PSQ ProShares Short QQQ | 9 | 2.5 * | 100% | 2026-05-31 |
| AOK iShares Core 30/70 Conservative Allocation ETF | 8 | 2.6 | 100% | 2026-07-31 |
| DFAW Dimensional World Equity ETF | 5 | 2.8 | 100% | 2026-07-31 |
| AOM iShares Core 40/60 Moderate Allocation ETF | 8 | 3.1 | 100% | 2026-07-31 |
| AOA iShares Core 80/20 Aggressive Allocation ETF | 8 | 3.4 | 100% | 2026-07-31 |
| SPXU ProShares UltraPro Short S&P500 | 12 | 3.5 * | 98.19% | 2026-05-31 |
| AOR iShares Core 60/40 Balanced Allocation ETF | 8 | 3.8 | 100% | 2026-07-31 |
| SSUS Day Hagan Smart Sector ETF | 16 | 6 | 88.65% | 2026-07-31 |
| BYLD iShares Yield Optimized Bond ETF | 13 | 9.4 | 94.84% | 2026-07-31 |
Essays that examine SQQQ
1-
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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.