TQQQ vs QLD overlap
TQQQ and QLD overlap 39.2% by weight, across 102 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | TQQQ | QLD | Overlap |
|---|---|---|---|
| ProShares GENIUS Money Market ETF | 18.35% | 8.86% | 8.86% |
| Nvidia Corp.NVDA | 2.48% | 5.09% | 2.48% |
| Apple Inc.AAPL | 2.21% | 4.55% | 2.21% |
| Microsoft Corp.MSFT | 1.62% | 3.32% | 1.62% |
| Micron TechMU | 1.46% | 2.99% | 1.46% |
| Amazon.COM Inc.AMZN | 1.40% | 2.88% | 1.40% |
| ADV Micro DeviceAMD | 1.12% | 2.30% | 1.12% |
| Alphabet Inc.-aGOOGL | 1.07% | 2.20% | 1.07% |
| Tesla Inc.TSLA | 1.05% | 2.16% | 1.05% |
| Broadcom Inc.AVGO | 1.02% | 2.10% | 1.02% |
| Alphabet Inc.-CGOOG | 0.99% | 2.03% | 0.99% |
| META Platforms-aMETA | 0.90% | 1.85% | 0.90% |
| Intel Corp.INTC | 0.76% | 1.57% | 0.76% |
| Walmart Inc.WMT | 0.75% | 1.55% | 0.75% |
| Cisco SystemsCSCO | 0.63% | 1.30% | 0.63% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: TQQQ, SEC Form N-PORT, May 31, 2026; QLD, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | TQQQ | QLD |
|---|---|---|
| Howard Capital Management, LLC | $421.8M | $895.9M |
| Quadrature Capital Ltd | $90.0M | $28.6M |
| Main Street Group, LTD | $8.8M | $100.9M |
| HRT Financial LP | $50.2M | $15.2M |
| Citigroup Inc. | $40.7M | $333K |
| LPL Financial LLC | $23.9M | $14.7M |
| Tower Research Capital LLC (TRC) | $28.8M | $2.5M |
| UBS Group AG | $27.1M | $4.0M |
| TOTH Financial Advisory Corp. | $5.1M | $23.2M |
| GTS Securities LLC | $22.6M | $4.9M |
| Susquehanna International Group, LLP | $26.3M | $313K |
| Dale Q Rice Investment Management Ltd | $721K | $24.9M |
| Mariner, LLC | $10.0M | $15.0M |
| SBI Securities Co., Ltd. | $20.1M | $4.4M |
| Independent Financial Group, LLC | $21.4M | $996K |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: TQQQ institutional holders, QLD institutional holders.
Frequently asked questions
How much do TQQQ and QLD overlap?
39.2% by weight, with 102 holdings in common, using holdings for TQQQ as of May 31, 2026 and QLD as of May 31, 2026. The largest shared position is ProShares GENIUS Money Market ETF.
Do institutions hold both TQQQ and QLD?
117 Form 13F filers report positions in both, out of 466 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.