NEW YORK, March 9, 2026, 10:14 EDT
- Fort Sheridan Advisors and CreativeOne Wealth have both made notable moves, ramping up their late-2025 QQQ bets, according to recent reports.
- Fort Sheridan’s Dec. 31 filing revealed a reduced QQQ position, underscoring how Form 13F filings trail actual portfolio moves.
- QQQ slipped to around $593 early Monday, off roughly 1.1%. SPY and XLK lost ground as well.
New filings out March 8 and 9 have brought attention back to Invesco QQQ, the ETF tied to the Nasdaq-100, after bigger allocations showed up in the portfolios of two U.S. wealth managers. But the numbers refer to holdings expected late 2025, not current stakes.
That’s a key question for investors, who are weighing whether concentrated growth trades have more room to run as the Middle East conflict, rising oil prices, and uncertainty over U.S. rate cuts rattle equities. Early Monday in New York, QQQ traded near $593, down about 1.1%—tracking close to the broader SPY, but lagging the tech-focused XLK.
On March 9, MarketBeat noted that Fort Sheridan Advisors, based in Highland Park, Illinois, picked up another 1,773 QQQ shares during the third quarter, bumping its total to 8,466 shares—worth roughly $5.08 million. The day before, a separate report highlighted CreativeOne Wealth’s 15.9% boost to its QQQ holdings during that same period, now totaling 110,146 shares valued at $66.13 million.
Big U.S. money managers are required to submit Form 13F to the SEC within 45 days after each quarter wraps up. The filing sometimes highlights broad portfolio trends, but treating it like a real-time trade tip is a mistake—it’s a lagging snapshot.
Fort Sheridan offers a case in point. As of September 30, 2025, it reported holding 8,466 QQQ shares. That number dropped to 7,220 shares by year-end, according to a December 31 filing submitted February 10 — putting the stake’s value at roughly $4.44 million.
Still, QQQ stands out as a straightforward route for advisers looking to access U.S. mega-cap growth at scale. According to Invesco, the fund tracks the 100 biggest non-financial names on Nasdaq, carries a 0.18% expense ratio, and ranked as the second-most traded ETF in the U.S. at Dec. 31, 2025.
What if energy prices stay up, inflation doesn’t cool, and growth loses steam? That’s the stagflation scenario investors dread. “A stagflationary shock was not part of the plan,” ING’s global markets chief Chris Turner said Monday. Lale Akoner, strategist at eToro, put it this way: if inflation proves stubborn, “multiples, not earnings, are the weak link.” Reuters
Peter Oppenheimer, Goldman Sachs’ chief global equities strategist, flagged “correction risks as high” for global stocks in a note last week. Still, he doesn’t anticipate a major bear market—he thinks any dip might open up buying chances. Oppenheimer also called for wider diversification: regions, sectors, factors. Reuters
The latest QQQ filings give investors a partial glimpse. Advisers stayed with the Nasdaq-100 play through the third quarter, the reports show. But they’re nearly silent on whether that conviction held up during February’s turbulence or March’s spike in oil—investors probably won’t get a more complete picture until the next 13F drop in mid-May.
