This article first appeared on GuruFocus .
Proshares Trust ( TQQQ ) was the only ETF buying on Wednesday, with no funds selling. The fund deployed $351.5 million in gross purchases against $0 in sales, a net inflow of $351.5 million into its $27.13 billion portfolio. TQQQ raised 97 positions and cut none.
Track the latest ETF buying and selling trends and search funds in the GuruFocus ETF Screener .
What did TQQQ buy on Wednesday?
Its largest buys by dollar value were AAPL ($29.6 million), NVDA ($28.0 million) and MSFT ($23.9 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| APPLE INC ( AAPL ) |
+84,708 |
$29.6M |
8.32% of fund |
| NVIDIA CORP ( NVDA ) |
+139,932 |
$28.0M |
7.87% of fund |
| MICROSOFT CORP ( MSFT ) |
+43,056 |
$23.9M |
6.73% of fund |
| AMAZON.COM INC ( AMZN ) |
+62,595 |
$16.7M |
4.68% of fund |
| MICRON TECHNOLOGY INC ( MU ) |
+18,135 |
$14.4M |
4.04% of fund |
The largest buys were all existing holdings. Apple ( AAPL ) received 84,708 additional shares worth $29.6 million, taking its weight to 8.32%. Nvidia ( NVDA ) gained 139,932 shares valued at $28.0 million for a 7.87% weight, Microsoft ( MSFT ) added 43,056 shares worth $23.9 million at 6.73%, Amazon ( AMZN ) picked up 62,595 shares worth $16.7 million at 4.68%, and Micron ( MU ) added 18,135 shares worth $14.4 million at 4.04%. There were no new positions and no exits.
How does TQQQ invest?
Proshares Trust ( TQQQ ) is an Alternative Equity Leveraged fund in the equity asset class, holding 100 stocks with 3.0x leverage. Its 10 largest holdings make up 47.2% of assets, and all of its holdings are large-cap. Technology is the biggest sector at 56.6% of classified stocks, followed by Consumer Cyclical at 11.7% and Communication Services at 11.5%. The expense ratio is 0.94%. Top holdings are Apple at 8.32%, Nvidia at 7.87%, Microsoft at 6.73%, Amazon at 4.68% and Micron at 4.04%. The fund has a GF Score of 88, a P/E of 28.53, a P/B of 7.07, a dividend yield of 1.24% and a year-to-date return of -3.71%.
Proshares Trust ( NASDAQ:TQQQ ) at a glance
| Measure |
Value |
|---|---|
| Category |
Alternative Equity Leveraged |
| Asset class |
Equity |
| Leverage |
3x |
| Holdings |
100 |
| Top 10 holdings |
47.2% of assets |
| Largest sectors |
Technology 56.6%, Consumer Cyclical 11.7%, Communication Services 11.5% |
| Expense ratio |
0.94% |
| Market-cap mix |
Large 100.0%, mid 0.0%, small 0.0% |
| 88/100 |
|
| P/E |
28.53 |
| P/B |
7.07 |
| Dividend yield |
1.24% |
| Year-to-date return |
-3.71% |
| Top holdings |
AAPL (8.32%), NVDA (7.87%), MSFT (6.73%), AMZN (4.68%), MU (4.04%) |
Holdings, performance and fees for TQQQ are on its fund summary page ; the ETF Screener lines it up against its peers. For the stock behind its biggest buy, see AAPL's GF Value page and guru trades .
What should investors watch next for TQQQ?
Watch whether TQQQ keeps adding to its mega-cap technology leaders or begins trimming after this one-sided buying day. The next holdings update will show whether the 3x leverage keeps concentration in the top 10 near 47.2%.
Based on holdings changes reported by Proshares Trust ( TQQQ ) for Nov. 4, 2026, US-listed stocks only.
