QQQ tug-of-war: SEC filings show fresh buying and a bank cut as Nasdaq tests faster Nasdaq-100 entry
Paradigm Capital Management LLC NV sharply boosted its exposure to Invesco’s QQQ ETF in the third quarter, bumping up its stake by 121.4% and ending up with 2,998 shares valued at nearly $1.8 million, according to a filing. That puts QQQ at about 1.8% of Paradigm’s portfolio, the disclosure shows. This trade stands out, given QQQ’s sheer heft: about $402 billion in assets under management, making it one of the biggest U.S. exchange-traded funds out there. The fund leans hard into mega-cap growth—Nvidia, Apple, and Microsoft were its top three positions as of Dec. 31. According to Invesco’s fact sheet, tech stocks accounted for roughly 63% of the portfolio. Investors looking for a less concentrated play than the Nasdaq-100 can turn to “growth” rivals like iShares Russell 1000 Growth or iShares S&P 500 Growth, which both track wider swaths of the market.
