The mixed cluster with net selling suggests rotation out of QQQM by some large holders while others accumulate. Given the ETF structure and 45-day 13F lag, the disclosed positions may already be stale. Monitor for continued outflows or changes in Nasdaq-100 weighting that could drive further institutional rebalancing.
Executive Summary
Mixed institutional activity in QQQM during Q1 2026: 32 buyers added $130.1M while 20 sellers reduced $294.7M, resulting in net institutional selling of ~$164.6M. The selling is concentrated in a few large asset managers (Mirae Asset, Wealth Enhancement, Janus Henderson), while buying is spread across smaller funds. The ETF nature of QQQM reduces the signal strength, suggesting rotational rebalancing rather than a fundamental thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$164.6M
▲ Buyers (32)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Cerity Partners | ADD | +51.7% | $177.4M | $52.9M |
| Nissay Asset Management Corp /Japan | ADD | +42% | $195.2M | $48.9M |
| Hightower Advisors | ADD | +25.1% | $114.2M | $17.0M |
▼ Sellers (20)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Mirae Asset Global Investments Co. | NEAR_EXIT | -75.8% | $182.5M | -$141.0M |
| Wealth Enhancement Advisory Services | TRIM | -27.3% | $300.8M | -$96.7M |
| Janus Henderson Group | TRIM | -26.8% | $78.4M | -$24.5M |
| Fil | EXIT | -100% | $14.0M | -$14.0M |
| Lido Advisors | NEAR_EXIT | -91.3% | $15.3M | -$14.1M |
Key Facts
- Net institutional selling of ~$164.6M in QQQM during Q1 2026
- 32 buyers added $130.1M; 20 sellers reduced $294.7M
- Top buyer: Cerity Partners added $52.9M (+51.7%) to $177.4M
- Top seller: Mirae Asset Global Investments reduced $141.0M (-75.8%) to $41.5M
- Wealth Enhancement Advisory Services trimmed $96.7M (-27.3%) to $204.1M
- No insider buying in the window (confluence score 39/100, institutions_only)
- Cluster dominated by active asset managers with one mega-passive (BlackRock)
Financial Impact
Net institutional selling of ~$164.6M in QQQM during Q1 2026, with 32 buyers adding $130.1M and 20 sellers reducing by $294.7M.
Risk Factors
- Further selling pressure from large holders if the trend continues
- 13F disclosure lag means positions may have already been reversed
- Passive inflows/outflows to Nasdaq-100 ETFs could dominate QQQM price action
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-QQQM-2026-Q1 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 25, 2026 9w ago | Institutional Cluster | $280.86 $290.81 | ▲ +3.54% | ▲ +0.24% | — |
Jul 23, 2026 10w ago | Institutional Cluster | $284.98 $292.79 | ▲ +2.74% | ▼ −0.57% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $295.02 $297.78 | ▲ +0.94% | ▼ −0.96% | — |
US Market Status
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