At the end of the second quarter of 2024, 39 hedge funds reported holding shares of Invesco QQQ Trust (QQQ) as per the latest 13F filings, reflecting a decline of approximately 2.53% in total shares held—from 126,017,461 to 122,831,290. This equated to a reduction of 3,186,171 shares among these funds during the reporting period which concluded on June 30, 2024.
Among individual funds, Sonoma Private Wealth LLC entered a new position, adding 453 shares valued at $217, while Cartenna Capital LP initiated with 75,000 shares worth $35,933. Conversely, LMR Partners LLP significantly reduced its holdings by 2,965,227 shares, a decrease valued at $1,419,576. Furthermore, several funds including Zacks Investment Management and Infrastructure Capital Advisors exited QQQ altogether.
Overall, while 13 funds raised their QQQ positions, 16 funds reduced theirs, with only five new positions noted. The aggregate data from these 13F filings offers insights into hedge fund patterns and potential stock strategies looking ahead.
