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.
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.
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.
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.
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.
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.
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.
QQQ, issued by Invesco, is an exchange-traded fund that tracks the Nasdaq-100 Index—an index dominated by large technology and growth companies.
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.
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. paulsenperspectives.substack.com
