NEW YORK, January 2, 2026, 07:05 ET
- Delta Investment Management increased its Invesco QQQ stake 383% in the third quarter, a filing showed.
- Sax Wealth Advisors opened a new position, while Amplius Wealth Advisors cut its holding by more than a third.
- The moves land as investors reassess big-tech exposure after a late-2025 pullback in growth shares.
Delta Investment Management sharply increased its stake in the Invesco QQQ Trust (QQQ) in the third quarter, regulatory filings published this week showed. 1
The disclosures offer a snapshot of how smaller advisory firms were positioned in a bellwether ETF tied to large-cap growth and technology stocks as 2026 gets underway. 2
They also come as markets look for signs that last year’s rally broadens beyond a handful of heavyweight tech names, after technology shares led declines in late December amid year-end repositioning. 3
The filings were made under Form 13F, a quarterly report that large investment managers submit to the U.S. Securities and Exchange Commission to disclose many U.S.-listed equity holdings.
Delta Investment Management lifted its QQQ holdings by 383% in the third quarter, adding 17,868 shares to end the period with 22,533 shares valued at about $13.53 million, the filing summary said. 1
Sax Wealth Advisors initiated a new QQQ position in the third quarter, buying 15,148 shares valued at about $9.09 million, according to its disclosure. 4
Amplius Wealth Advisors moved the other way, trimming its QQQ position by 38.2% in the third quarter after selling 27,345 shares to end with 44,215 shares valued at about $26.55 million, the filing summary said. 5
QQQ opened at $614.31 on Friday and was down about 0.8% in early trade, MarketBeat data showed. The ETF has traded between $402.39 and $637.01 over the past year, it said. 5
QQQ, issued by Invesco, is an exchange-traded fund that tracks the Nasdaq-100 Index—an index dominated by large technology and growth companies. 2
Broader fund flows have stayed supportive into year-end: U.S. equity funds took in about $16.89 billion in the week to Dec. 31, according to LSEG Lipper data cited by Reuters. 6
Still, some strategists have warned that tech leadership may cool. “My guess is the S&P 500 Technology sector (and new era stocks in general) will likely underperform the overall S&P 500 index during 2026,” Jim Paulsen, author of Paulsen Perspectives, wrote in a note dated Dec. 31. 7
