--- title: "Signal Advisors Trims $23 Million NASDAQ-100 ETF Stake Amid Tech Stock Rally" description: "Signal Advisors Wealth sold 98,307 shares of the Invesco NASDAQ 100 ETF (QQQM) for approximately $23.2 million, reducing its stake to 0.5% of reportable assets. The sale reflects a shift away from meg" type: "news" locale: "en" url: "https://longbridge.com/en/news/260667757.md" published_at: "2025-10-10T15:56:04.000Z" --- # Signal Advisors Trims $23 Million NASDAQ-100 ETF Stake Amid Tech Stock Rally > Signal Advisors Wealth sold 98,307 shares of the Invesco NASDAQ 100 ETF (QQQM) for approximately $23.2 million, reducing its stake to 0.5% of reportable assets. The sale reflects a shift away from mega-cap tech stocks, as QQQM's top holdings include major players like Nvidia and Microsoft. Despite QQQM's strong performance, with a 21.5% annual return, the fund's high tech concentration and valuation metrics may have prompted the reduction. Signal appears to be rebalancing its portfolio towards income and diversification following a significant acquisition. On Thursday, Signal Advisors Wealth disclosed selling 98,307 shares of the Invesco NASDAQ 100 ETF (QQQM) in an estimated $23.2 million transaction, according to its latest SEC filing. ## What Happened According to a filing with the Securities and Exchange Commission released on Thursday, Signal Advisors Wealth sold 98,307 shares of the **Invesco NASDAQ 100 ETF** (QQQM) in the third quarter. The estimated transaction value, based on the fund’s average closing price for the period, was approximately $23.2 million. After the sale, the fund held 21,311 shares worth $5.3 million. ## What Else to Know This was a sale, reducing the QQQM stake to 0.5% of 13F reportable AUM. Top holdings after the filing: - NYSEMKT:SPLG: $60.1 million (5.4% of AUM) - NYSEMKT:ACIO: $46.1 million (4.2% of AUM) - NYSEMKT: VEA: $38.2 million (3.5% of AUM) - NYSEMKT: BKAG: $28 million (2.5% of AUM) - NASDAQ:NVDA: $27.2 million (2.5% of AUM) As of Friday morning, QQQM shares were priced at $246.35, up 21.5% over the past year and outperforming the S&P 500's 17% gain. ## Company Overview Metric Value Price (as of Friday morning) $246.35 Expense Ratio 0.15% 1-Year Price Change 21.5% ## Company Snapshot - QQQM seeks to track the performance of the NASDAQ-100 Index, investing at least 90% of assets in the underlying securities to provide exposure to 100 of the largest nonfinancial companies listed on NASDAQ. - As a passively managed ETF, the fund appeals to investors seeking efficient access to growth-oriented large-cap stocks. - Alignment with one of the most widely followed equity benchmarks is a key feature. Invesco NASDAQ 100 ETF (QQQM) offers investors targeted exposure to the NASDAQ-100 Index, focusing on leading nonfinancial companies with significant market capitalization. The fund’s strategy emphasizes index replication to provide exposure to U.S. large-cap nonfinancial equities. ## Foolish Take Signal Advisors Wealth’s $23.2 million sale of QQQM marks a significant scale-back from one of the fund’s most growth-oriented holdings—and underscores a broader portfolio rotation away from mega-cap tech exposure. After unloading nearly 100,000 shares, QQQM now accounts for just 0.5% of reportable assets, down from a level that once rivaled its top equity positions. That’s notable given QQQM’s composition: Its top holdings include Nvidia (9.2%), Microsoft (8.8%), Apple (7.3%), and Amazon (5.5%)—all market leaders responsible for much of the past year’s stock rally. And with these heavyweights posting double-digit gains (Nvidia up roughly 40% and Microsoft up 24% year-over-year), QQQM’s annual return has outperformed Signal’s larger, more diversified holdings like SPLG and VEA, suggesting the fund may be locking in gains in anticipation of a stock-market rotation. At a 0.15% expense ratio, QQQM remains a cost-efficient way to mirror the NASDAQ-100 Index, offering direct access to large-cap, nonfinancial U.S. growth companies. However, its concentration in technology (61%) and elevated valuation metrics (P/E of 42) may have prompted the reduction. By trimming its position, Signal appears to be taking profits and rebalancing toward income and diversification—especially after a large JPM acquisition in the same quarter and given that its top holdings tilt toward broader-market ETFs like SPLG and BKAG, alongside targeted exposure to Nvidia itself. ## Glossary **ETF (Exchange-Traded Fund):** An investment fund traded on stock exchanges, holding assets like stocks or bonds. **13F reportable AUM:** Assets under management that must be disclosed in quarterly SEC filings by institutional investment managers. **Stake:** The ownership interest or amount of investment held in a particular asset or company. **Top holdings:** The largest investments or positions within a fund’s portfolio, typically by market value. **Dividend Yield:** Annual dividends paid by an investment, expressed as a percentage of its current price. **Index replication:** A strategy where a fund aims to mirror the performance and holdings of a specific market index. **Passively managed ETF:** A fund designed to track an index, making minimal changes to its portfolio over time. **Large-cap stocks:** Shares of companies with large total market values, generally considered stable and established. **NASDAQ-100 Index:** A stock market index of 100 major nonfinancial companies listed on the NASDAQ exchange. **Outperforming:** Achieving a higher return compared to a specific benchmark or index over a given period. **Assets under management (AUM):** The total market value of investments managed by a financial institution or fund. **Filing:** An official document submitted to a regulatory agency, often containing financial or ownership information. ### Related Stocks - [NVDA.US - NVIDIA](https://longbridge.com/en/quote/NVDA.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 英伟达被撬墙角：OpenAI 首次发布 Cerebras 芯片支持模型 | OpenAI 周四发布的 GPT-5.3-Codex-Spark 专为实时编码设计，是 OpenAI 最新代码自动化软件 Codex 的精简版，也是 OpenAI 上月与 Cerebras 签署超 100 亿美元协议后的首个成果。OpenA | [Link](https://longbridge.com/en/news/275817804.md) | | 反超三星、利润率盖过台积电：SK 海力士是如何问鼎 AI 存储领域 “隐形霸主” 的？ | SK 海力士过去 12 个月市值飙升 340%，已从债权人控制的 “僵尸公司” 逆袭为 AI 产业链定价者。其凭借 HBM 先发优势，在 AI 需求爆发的浪潮下，深度绑定英伟达与微软，拿下全球过半 HBM 份额；市占率超越三星，利润率超越台 | [Link](https://longbridge.com/en/news/275576275.md) | | 美股夜盘异动：以太坊 ETF 夜盘跌 3.47%，增持信心与抛售潮交织，市场情绪何去何从？ | Grayscale Ethereum Staking ETF 夜盘跌 3.47%。 | [Link](https://longbridge.com/en/news/275559286.md) | | 软件股遭遇 2010 年来最大做空潮，高盛惊呼：市场 “无处可藏”！ | 十年最猛烈做空潮席卷美国软件股，摩根士丹利数据显示空头规模创 2010 年以来新高，市场陷入 “先卖后问” 的恐慌。AI 取代白领的担忧引发行业震荡，防御性板块加速跑赢，科技七巨头（Mag 7）亦显颓势。高盛交易主管 Callahan 表示 | [Link](https://longbridge.com/en/news/275859482.md) | | 黑石入局、英伟达加持：澳洲 AI 公司获 100 亿美元融资，拟年内 IPO | Firmus 获得 100 亿美元贷款融资，这是该国规模最大的私募信贷融资交易之一，这笔融资由黑石集团牵头的基金提供，资金将用于 Firmus 数据中心扩张的下一阶段，而项目将采用英伟达的芯片。澳大利亚凭借丰富的资源和战略位置，正在全球 A | [Link](https://longbridge.com/en/news/275284915.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.