This article first appeared on GuruFocus .
ProShares Ultra QQQ 2x Shares ( QLD ) was alone among the ETFs reviewed in selling on Thursday, with no funds buying. The $13.26 billion fund recorded $430.9 million in gross ETF activity , all of it on the sell side, for a net outflow of $430.9 million. QLD trimmed 99 positions and added to none.
What did QLD sell on Thursday?
Its largest sells by dollar value were NVDA ($35.7 million), AAPL ($35.3 million) and MSFT ($27.3 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| NVIDIA CORP ( NVDA ) |
-167,200 |
-$35.7M |
8.12% of fund |
| APPLE INC ( AAPL ) |
-101,300 |
-$35.3M |
8.03% of fund |
| MICROSOFT CORP ( MSFT ) |
-51,500 |
-$27.3M |
6.21% of fund |
| MICRON TECHNOLOGY INC ( MU ) |
-21,600 |
-$20.2M |
4.59% of fund |
| AMAZON.COM INC ( AMZN ) |
-74,900 |
-$18.3M |
4.15% of fund |
NVIDIA ( NVDA ) was the largest sale, with 167,200 shares cut for $35.7 million, leaving a 8.12% weight. Apple ( AAPL ) followed with 101,300 shares sold for $35.3 million at a 8.03% weight, and Microsoft ( MSFT ) shed 51,500 shares for $27.3 million at 6.21%. Micron ( MU ) fell by 21,600 shares for $20.2 million and Amazon ( AMZN ) by 74,900 shares for $18.3 million. None of the sales were new positions or full exits.
How does QLD invest?
QLD is an alternative equity leveraged fund with 2.0x leverage, holding 100 stocks, with 46.9% of assets in its 10 largest holdings. Technology accounts for 58.1% of classified stocks, Communication Services 11.1% and Consumer Cyclical 11.1%, and the portfolio is 100.0% large-cap. Its expense ratio is 0.96%, and top holdings include Apple at 8.22%, NVIDIA at 8.06%, Microsoft at 6.33%, Micron at 4.51% and Amazon at 4.23%. It has a GF Score of 88, a P/E of 27.69, a P/B of 6.88, a dividend yield of 0.13% and a year-to-date return of 17.43%.
ProShares Ultra QQQ 2x Shares ( QLD ) at a glance
| Measure |
Value |
|---|---|
| Category |
Alternative Equity Leveraged |
| Asset class |
Equity |
| Leverage |
2x |
| Holdings |
100 |
| Top 10 holdings |
46.9% of assets |
| Largest sectors |
Technology 58.1%, Communication Services 11.1%, Consumer Cyclical 11.1% |
| Expense ratio |
0.96% |
| Market-cap mix |
Large 100.0%, mid 0.0%, small 0.0% |
| 88/100 |
|
| P/E |
27.69 |
| P/B |
6.88 |
| Dividend yield |
0.13% |
| Year-to-date return |
+17.43% |
| Top holdings |
AAPL (8.22%), NVDA (8.06%), MSFT (6.33%), MU (4.51%), AMZN (4.23%) |
Holdings, performance and fees for QLD are on its fund summary page ; the ETF Screener lines it up against its peers. Its biggest sell this time, NVDA, has its own GF Value page and stock summary .
More on GuruFocus: ETF Trends | ETF Screener
What should investors watch next for QLD?
With every position trimmed and no buys, watch whether QLD 's next update shows further broad reductions or a return to adding exposure among its largest technology holdings.
Based on holdings changes reported by ProShares Ultra QQQ 2x Shares ( QLD ) 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
