NEW YORK, March 3, 2026, 10:20 EST
- Filings reveal Focus Partners boosted its stake in Invesco QQQ Trust by 39.3% during the quarter that closed Sept. 30.
- FineMark picked up 3,074 shares of QQQ. Bedell Frazier, meanwhile, reported opening a fresh position in QQQ.
- Morning trade saw QQQ slip roughly 2%.
Three wealth managers either ramped up or opened new stakes in Invesco QQQ Trust (QQQ) during the quarter through Sept. 30, according to regulatory filings. The Nasdaq-100 tracking ETF dropped Tuesday, moving alongside broader U.S. stocks.
Filings are back in the spotlight, as shifting geopolitics and inflation jitters push investors to rethink their exposure—especially in tech-heavy corners of the market, where risk tolerance keeps getting recalibrated.
Robert Pavlik, senior portfolio manager at Dakota Wealth, flagged oil above $100 a barrel—and staying there—as the top worry, with Wall Street’s main indexes sinking over 2%. Traders grew nervous about a deepening Middle East conflict fanning energy prices and inflation.
Investment managers’ long positions in U.S.-listed stocks and ETFs were made public through Form 13F filings, the quarterly reports released at quarter-end. These filings, which don’t cover every hedge or intraday move, only reveal positions as of their public release date.
Focus Partners Advisor Solutions, a manager based near St. Louis, lifted its stake in QQQ by 39.3% during the third quarter, according to filings. The firm picked up another 11,442 shares, finishing the quarter with 40,591 shares valued at approximately $25.0 million.
FineMark National Bank & Trust raised its QQQ position by 6.9% after picking up 3,074 more shares, closing the quarter with 47,408 shares worth around $28.5 million. That put the ETF at about 0.9% of FineMark’s $3.06 billion in reported 13F assets.
Walnut Creek’s Bedell Frazier Investment Counselling picked up 13,564 shares of QQQ, a stake worth $8.14 million and representing about 1.7% of its $486.6 million portfolio, according to its latest disclosure.
Invesco calls QQQ a passive ETF that follows the Nasdaq-100 index, with a total expense ratio of 0.18%. The company notes QQQ ranks as one of the most actively traded ETFs in the U.S. market.
There’s a hitch with these numbers. 13F filings only capture holdings at the end of the quarter, so any adjustments managers make after that—particularly in volatile markets where risk gets cut in a hurry—won’t show up here.
With QQQ heavily weighted toward big tech and growth names, the ETF is especially prone to sharper moves. If oil prices spike, inflation proves persistent, or stocks take another leg down, QQQ could take a hit—regardless of recent institutional buying in previous quarters.
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