ETF and Mutual Fund Analysis

Holdings as of March 31, 2026 (QQQ) and May 31, 2026 (QQQM)

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

Home > Compare > QQQ vs QQQM Holdings as of March 31, 2026 (QQQ) and May 31, 2026 (QQQM)

QQQ vs QQQM: Portfolio Overlap

Invesco QQQ Trust, Series 1 vs Invesco NASDAQ 100 ETF

88.6%
Weighted portfolio overlap
Very High Overlap

The two portfolios are structurally near-identical: most of the weight sits in the same stocks, so holding both concentrates rather than spreads capital. The tier describes what the data shows, not what to do about it.

QQQ
101 equity holdings
as of March 31, 2026
QQQM
101 equity holdings
as of May 31, 2026
97 stocks held in common
Overlap View Venn Diagram
88.6% OVERLAP QQQ QQQM
Overlapping Holdings
10 Top 10 of 97 shared, by overlap contribution
# Stock QQQ QQQM Overlap%
1
NVDA
 8.69% 8.16% 8.16%
2
AAPL
 7.64% 7.29% 7.29%
3
MSFT
 5.64% 5.32% 5.32%
4
AMZN
 4.59% 4.62% 4.59%
5
TSLA
 3.81% 3.46% 3.46%
6
GOOGL
 3.43% 3.52% 3.43%
7
GOOG
 3.20% 3.26% 3.20%
8
AVGO
 3.01% 3.37% 3.01%
9
META
 3.46% 2.97% 2.97%
10
WMT
 3.44% 2.48% 2.48%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in QQQ — Invesco QQQ Trust, Series 1
StockWeight
Ferrovial SE0.26%
Thomson Reuters Corp0.23%
CSGP0.10%
TEAM0.07%
Only in QQQM — Invesco NASDAQ 100 ETF
StockWeight
SNDK1.10%
LITE0.27%
FERROVIAL NV0.21%
Thomson Reuters Corp0.17%

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Frequently Asked Questions (FAQs)
What is the portfolio overlap between QQQ and QQQM?

QQQ (Invesco QQQ Trust, Series 1) and QQQM (Invesco NASDAQ 100 ETF) share 88.6% portfolio overlap as of QQQ's March 31, 2026 filing and QQQM's May 31, 2026 filing, across 97 common stocks. Overlap is the sum of the smaller weight of each shared stock, so it reads as the share of a dollar that lands on the same companies in both funds.

Do QQQ and QQQM invest in the same stocks?

Almost entirely. These funds hold nearly identical portfolios and offer little differentiation between them.

What are the top stocks held by both QQQ and QQQM?

The most prominent shared holdings (by combined weight) are: NVDA, AAPL, MSFT. See the full common-holdings table on this page for weights in each fund.

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