TQQQ Is Back in Focus as Filings Reveal Bigger Bets on Leveraged Nasdaq ETF
Between April 18 and April 20, three reports relying on the latest 13F filings found that money managers boosted their holdings in ProShares UltraPro QQQ during the fourth quarter. Oriental Harbor Investment Master Fund took the most aggressive stance, raising its position to 2.40 million shares—about $126.6 million in value. Q3 Asset Management and Main Street Group wrapped up the period with 234,413 shares and 113,470 shares, respectively. Though the positions were set up months back, the filings surfaced just as the Nasdaq pulled away from its peak. By late morning Monday, the index slipped 0.55%. Fresh U.S.-Iran strains weighed, coming despite global investors adding a net $28 billion to U.S. stocks since right before the ceasefire announcement.