On Tuesday, Walker Financial Services, Inc. disclosed a new position in the Invesco NASDAQ 100 ETF (QQQM 0.82%), purchasing 32,301 shares valued at an estimated $8 million at the end of the third quarter, according to an SEC filing.
What happened
According to a filing with the Securities and Exchange Commission released on Tuesday, Walker Financial Services, Inc. established a new position in QQQM in the third quarter, acquiring approximately 32,301 shares. The estimated transaction value, based on the average price for the quarter, was about $8 million, bringing the stake to 3.1% of the firm's $257.1 million U.S. equity holdings.
What else to know
This is a new position; as of September 30, QQQM comprised 3.1% of the fund’s reportable assets under management (AUM).
Top holdings after the filing:
- NYSEMKT:SCHD: $32.3 million (12.6% of AUM)
- NYSEMKT:SPSB: $29.4 million (11.5% of AUM)
- NYSEMKT:TFLO: $27.6 million (10.8% of AUM)
- NYSEMKT:FLOT: $22.5 million (8.7% of AUM)
- NYSEMKT:STIP: $16.4 million (6.4% of AUM)
As of Wednesday morning, shares were priced at $250.36, up 24% for the year and outperforming the S&P 500 by about 7 percentage points.
The fund reported 42 U.S. equity positions at quarter-end.
QQQM’s stated dividend yield is 0.5% as of Tuesday.
Company overview
| Metric | Value |
|---|---|
| AUM | $64 billion |
| Price (as of Wednesday) | $250.36 |
| Dividend yield | 0.50% |
| 1-year total return | 27% |
Company snapshot
- QQQM seeks to track the performance of the NASDAQ-100 Index by investing at least 90% of its assets in the index's constituent securities, providing exposure to 100 of the largest non-financial companies listed on the Nasdaq Stock Market.
- Structured as a passively managed exchange-traded fund (ETF), designed for investors seeking access to the NASDAQ-100 through a single exchange-traded vehicle.
- Targets institutional and individual investors looking for diversified exposure to large-cap, non-financial U.S. equities.
QQQM invests in large-cap, non-financial companies listed on the Nasdaq Stock Market. The fund's strategy leverages the NASDAQ-100 Index methodology, ensuring transparent and rules-based portfolio construction.
Foolish take
Walker Financial’s $8 million investment in the Invesco NASDAQ 100 ETF (QQQM) shows continued institutional appetite for large-cap growth stocks leading the market higher. The ETF, which tracks 100 of the largest nonfinancial Nasdaq-listed companies, is up 24% over the past year, outperforming the S&P 500’s 17% gain.
QQQM’s top holdings reflect the dominance of U.S. tech giants: Nvidia, which has surged 43% over the past year, and Microsoft, up 27%, together account for roughly 18% of fund assets. Other core positions—Apple, Amazon, Broadcom, and Meta—round out a portfolio that captures the innovation driving the AI and cloud infrastructure boom. The ETF’s expense ratio of just 0.15% makes it one of the most cost-efficient ways to access this concentrated growth theme.
For long-term investors, QQQM offers a diversified vehicle for capturing the Nasdaq-100’s outsized innovation exposure—without the trading premium sometimes associated with its sister fund, QQQ (expense ratio: 0.2%).
Glossary
ETF: Exchange-traded fund; a fund traded on stock exchanges, holding a basket of assets like stocks or bonds.
Assets under management (AUM): The total market value of assets a fund or investment firm manages on behalf of clients.
Position: The amount of a particular security or asset held in a portfolio.
Dividend yield: Annual dividends paid by a fund or stock, expressed as a percentage of its price.
Passively managed: A fund strategy that aims to replicate the performance of a market index rather than actively selecting investments.
Constituent securities: The individual stocks or assets that make up an index or portfolio.
Index methodology: The rules and criteria used to select and weight securities in an index.
Quarter-end: The last day of a financial quarter, used as a reference point for reporting.
Total return: The investment's price change plus all dividends and distributions, assuming those payouts are reinvested.
Stake: The ownership interest or amount of investment held in a particular asset or company.
Outperforming: Achieving a higher return than a benchmark or comparable investment over a specific period.
Reportable: Required to be disclosed in official filings or reports, usually due to regulatory thresholds.
