This article first appeared on GuruFocus .
INVESCO QQQ Trust ( QQQ ) posted a one-sided day of ETF activity last Thursday, selling $2.24 billion of stock and buying nothing. The fund decreased 100 positions and increased none, leaving its $463.83 billion portfolio with no new or added holdings for the session.
More on GuruFocus: ETF Trends | ETF Screener
What did QQQ sell on Thursday?
Its largest sells by dollar value were NVDA ($184.8 million), AAPL ($182.8 million) and MSFT ($141.3 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| NVIDIA Corp ( NVDA ) |
-865,088 |
-$184.8M |
8.09% of fund |
| Apple Inc ( AAPL ) |
-523,904 |
-$182.8M |
8.00% of fund |
| Microsoft Corp ( MSFT ) |
-266,560 |
-$141.3M |
6.18% of fund |
| Micron Technology Inc ( MU ) |
-111,936 |
-$104.6M |
4.58% of fund |
| Amazon.com Inc ( AMZN ) |
-387,136 |
-$94.4M |
4.13% of fund |
The largest sale was NVIDIA Corp ( NVDA ), where QQQ shed 865,088 shares worth $184.8 million while retaining an 8.09% weight. Apple Inc ( AAPL ) followed with 523,904 shares sold for $182.8 million, leaving an 8.0% weight, then Microsoft Corp ( MSFT ) at 266,560 shares and $141.3 million for a 6.18% weight. Micron Technology Inc ( MU ) fell by 111,936 shares, or $104.6 million, and Amazon.com Inc ( AMZN ) by 387,136 shares, or $94.4 million. None of the sales were new positions or full exits.
How does QQQ invest?
QQQ is an equity fund holding 101 stocks, with 46.5% of assets in its 10 largest holdings. Technology accounts for 59.1% of the classified portfolio, Communication Services 10.8% and Consumer Cyclical 10.8%, and all holdings are large-cap. Its expense ratio is 0.18%. Top holdings are NVIDIA Corp at 8.09%, Apple Inc at 8.0%, Microsoft Corp at 6.18%, Micron Technology Inc at 4.58% and Amazon.com Inc at 4.13%. The fund has a GF Score of 88, a P/E of 28.72, a P/B of 6.99, a dividend yield of 0.44% and a year-to-date return of 12.78%.
INVESCO QQQ Trust ( NASDAQ:QQQ ) at a glance
| Measure |
Value |
|---|---|
| Asset class |
Equity |
| Holdings |
101 |
| Top 10 holdings |
46.5% of assets |
| Largest sectors |
Technology 59.1%, Communication Services 10.8%, Consumer Cyclical 10.8% |
| Expense ratio |
0.18% |
| Market-cap mix |
Large 100.0%, mid 0.0%, small 0.0% |
| 88/100 |
|
| P/E |
28.72 |
| P/B |
6.99 |
| Dividend yield |
0.44% |
| Year-to-date return |
+12.78% |
| Top holdings |
NVDA (8.09%), AAPL (8.00%), MSFT (6.18%), MU (4.58%), AMZN (4.13%) |
See the full INVESCO QQQ Trust profile , or compare it with similar funds in the ETF Screener . For the stock behind its biggest sell, see NVDA's GF Value page and guru trades .
What should investors watch next for QQQ?
Watch whether QQQ resumes adding positions after a session in which every change was a decrease. The next holdings update will show whether the large-cap technology weights, led by NVIDIA and Apple, hold near their current levels.
Based on holdings changes reported by INVESCO QQQ Trust ( QQQ ) for Oct. 29, 2026, US-listed stocks only.
What else did ETFs trade on Thursday?
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Sector Trends: Energy Leads, Technology Sold Most on Oct. 29
-
ETFs Are Net Sellers of NVIDIA ( NASDAQ:NVDA ) on Oct. 29
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ETFs Are Net Sellers of Apple ( NASDAQ:AAPL ) on Oct. 29
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ETFs Are Net Sellers of Microsoft ( NASDAQ:MSFT ) on Thursday
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ETFs Are Net Sellers of Micron Technology ( NASDAQ:MU ) on Oct. 29
