Institutional investors boost holdings in ProShares UltraPro QQQ ETF

In the first quarter of 2024, IMC Chicago LLC raised its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by about 291%, ending the period with 289,517 shares—roughly 0.06% of the fund—valued at approximately $12.1 million, according to its latest Form 13F filing.

Independent Financial Group LLC also opened a new position in the leveraged NASDAQ‑100 ETF, purchasing 298,228 shares worth roughly $12.4 million, again representing about 0.06% of outstanding shares. Recent filings reveal that other hedge funds such as Howard Capital Management, Oriental Harbor Investment, Cantor Fitzgerald and several others have similarly increased or initiated sizable stakes in TQQQ during the preceding quarters.