The Tool Desk
Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more
Short answer: QQQM is concentrated by design, but whether that is “too concentrated” depends on its role in your portfolio. The fund tracks the Nasdaq-100, a modified market-capitalization-weighted index of the largest non-financial companies listed on Nasdaq. That construction gives the biggest companies, including NVIDIA, Apple and Microsoft, a large influence on returns. It can be a deliberate mega-cap growth allocation, but it is a weak substitute for a broadly diversified core equity fund.
Invesco’s Q2 2026 fact sheet reports 103 holdings and a 0.15% total expense ratio as of June 30, 2026. The index has rules that cap individual weights, yet those limits do not remove shared exposure to technology, cloud, semiconductors, digital advertising, consumer platforms and artificial-intelligence spending. The right question is therefore not simply “How many stocks does QQQM own?” but “How much of my total portfolio already depends on the same companies and economic drivers?”
What QQQM owns
QQQM invests at least 90% of its assets in securities of the Nasdaq-100 Index. The index contains the largest eligible domestic and international non-financial companies listed on Nasdaq. Financial companies are excluded, so the fund’s opportunity set is different from a total-market portfolio even before weighting is considered.
Free tools Windows power users keep installed
One-click scans. No signup required.
Fund size, holdings and fee
Invesco’s Q2 2026 fact sheet lists 103 holdings and a 0.15% total expense ratio, measured as of June 30, 2026. The holding count is broad enough to include many businesses, but it should not be read as 103 equal positions. A market-capitalization-based methodology assigns substantially more dollars to the largest companies.
#1 Best Overall
- Powerful Turbo Fan:CAGIWIRU Electric Air Duster have reached speed up to 130000RPM,Can efficient remove dust and debris.With LED light and Three Adjustable Speed to meet with different cleaning tasks.
- With Attached USB C Fasting Charging cable.Charing 3 hours,Enjoy up to 240 minutes of use on the lowest setting, For third speed can use for 25mins.with four charging options to meet with your needs.
- Wide Application: attached 5 different nozzles,making it suitable for a variety of scenes, such as car,pet, pc, keyboards, and other electronic devices. It also serves for office and home clean duster.
- Handy Design & Portable:Cordless air duster electric nozzle is Light weight and small size, design and comfortable to hold and space saving, convenient to carry around. You can put it in your room or inside the car without taking up space.
- Economical &Reusable: Built durable materials with a long-lasting battery,our CAGIWIRU air duster it's a sustainable alternative to disposable air cans.
How the index is maintained
The Nasdaq-100 is reconstituted annually and rebalanced quarterly. Its modified market-capitalization weighting lets a company that grows faster than its peers become a larger contributor, subject to index limits. The SEC’s April 30, 2026 supplement describes two important constraints:
- At the annual adjustment, no individual security may exceed 15% of the index.
- At a quarterly adjustment, no issuer may exceed 24%.
- Reweighting occurs quarterly, so an outsized position can be reduced rather than left to grow without limit.
These are concentration controls, not diversification guarantees. They limit the weight of one issuer, but they do not prevent several large issuers from responding to the same interest-rate, technology-investment or valuation cycle.
Why 100 stocks can still create a concentrated portfolio
Market value is not the same as equal exposure
In an equal-weight index, every company would have roughly the same influence. QQQM’s index instead starts with company market value. The largest businesses therefore account for a disproportionate share of the fund’s movements. If a mega-cap constituent rises sharply, it can lift the fund materially; if it falls, the decline can overwhelm gains in smaller holdings.
Quick wins for a faster PC:
Scan for outdated or missing drivers - takes under a minuteDriver Scan →Clear out junk files and repair common Windows errorsFree Scan →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Rank #2
- Screen Cleaner is Your Screen’s New Bestfriend! - EVEO is proud to present a screen cleaner that’s perfectly suited for your TV. Meet your new screen cleaner, computer screen cleaner, laptop cleaner, iPad cleaner, Macbook,tv cleaner or any other electronic device. Our screen cleaner spray and wipe along with the included plush microfiber cloth, easily removes dust, fingerprints & other smudges on the screen’s surface. Clean effectively for a streak-free screen
- Gentle on your Screens - Our screen cleaner spray and wipes is compatible to be used even for the most sensitive LCD, LED, CRT, and OLED screens in proper use. Be at ease knowing that this product is compatible with all the major brands: LG, SONY, Samsung, Sharp, iPad, iPhone, Android screens, Kindle, PC monitors - we’ve got you covered! Can be used as LCD screen cleaner, tv cleaner, smart tv screen cleaner, and more
- Premium Super Soft Plush Microfiber Cloth - Included in this efficient screen cleaning kit. This screen cleaner spray and wipe has our signature plush microfiber cloth specially designed to comply with screens and monitors and leave them streak-free. Has been shown to effectively absorbs stubborn stains, zero streaks, and no fiber shedding. Always use this together with our screen cleaner for the best results
- Easy-to-Use Screen Cleaner Kit + microfiber cleaning cloth - The EVEO Screen Cleaning Kit will easily be your new favorite tool when it comes to taking care of the things you love most, quick and easy solution for a streak-free screen. Simply screw on the sprayer gun on the screen cleaner bottle. Spray the cleaning liquid onto the microfiber cloth, then wipe the screen until desired cleanliness & shine is achieved.
- Quality Screen Care Kit Worth Purchasing - Enjoy a convenient Screen Cleaner anytime, anywhere you need it. Your satisfaction is our top priority. We stand behind the quality of our products and that’s why, you shouldn’t be worrying at all. We manufacture the Best Screen Cleaner. and can be used for laptop cleaning kit, laptop screen cleaner, tv screen cleaner for smart tv. MacBook screen cleaner, monitor cleaner or screen cleaner spray for electronic devices with microfiber cleaning cloth
Economic overlap matters as much as company count
Several Nasdaq-100 constituents earn money from related trends: semiconductor demand supports artificial-intelligence infrastructure; cloud spending affects software and platform companies; online advertising links multiple large internet businesses; and consumer-discretionary platforms depend on household spending and digital commerce. Those companies are legally separate, but their earnings can be exposed to common assumptions about capital expenditure, data-center demand, regulation, interest rates and corporate technology budgets.
The index has a technology-heavy character without being a pure technology fund
QQQM also holds companies classified in communication services, consumer discretionary, health care, industrials and other sectors. Nevertheless, the largest constituents are often associated with technology or technology-enabled business models. The result is a growth and momentum tilt that can differ substantially from a broad-market fund containing financials, energy, utilities, real estate and smaller companies.
How much of the exposure sits in mega-cap names?
The SEC report for the six months ended March 31, 2026 lists the following weights for QQQ, another fund tracking the same Nasdaq-100 exposure. These figures are a dated illustration of the shared index, not a same-day QQQM holdings table. They should not be presented as live QQQM weights for October 2026.
Rank #3
- 【Large size】：Measuring 800 x 300 mm/ 31. 5×12 inches, which is wider and taller than others. Large mouse pad can perfectly fit your keyboard and mouse of any size, and there is also ample space for peripherals such as phones, tablets, etc.
- 【LED backlight mouse pad】：Blade Hawks RGB mouse pad provides 7 static modes and 7 dynamic modes will give you the options you are looking for. Power-off memory function remembers the last lighting mode you selected. The super glow fiber Chroma will give you a colorful gaming setup that you want.
- 【Anti-slip rubber base】：Made from Natural rubber, this gaming mousepad will firmly grip your desktop, allowing you to enjoy the ultimate precision in the games you are most passionate about. It also comes with a texture that enhances this ability even further.
- 【Smooth and waterproof surface】: Micro-textured cloth surface, for extremely precise mouse control and a smooth movement. When liquid splashes on the gaming mouse pad, it forms water droplets and slides down. Will not delay your work or gameplay.
- 【Plug and play】: This mouse and keyboard pad is powered by USB, plug and play, no driver required. One button control light modes. Press one time to change the lighting mode, press twice to change the brightness, press and hold about 3 seconds turn ON/OFF.
| Company | QQQ net-asset weight in the March 31, 2026 report | Cumulative share of the listed top 10 |
|---|---|---|
| NVIDIA | 8.68% | 8.68% |
| Apple | 7.63% | 16.31% |
| Microsoft | 5.63% | 21.94% |
| Amazon | 4.58% | 26.52% |
| Tesla | 3.80% | 30.32% |
| Meta | 3.46% | 33.78% |
| Walmart | 3.44% | 37.22% |
| Alphabet Class A | 3.43% | 40.65% |
| Alphabet Class C | 3.19% | 43.84% |
| Broadcom | 3.00% | 46.84% |
On that dated QQQ report, the first five positions represented about 30.32% of net assets and the ten listed positions represented about 46.84%. Alphabet’s two share classes are separate securities in the table but represent one corporate issuer economically. The figures demonstrate the scale of mega-cap influence; they do not establish what QQQM holds at the moment you place an order.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
As of October 18, 2026, the cited official materials do not provide a same-day QQQM top-ten table. Check the fund’s current holdings file or prospectus before making a precise allocation decision. The methodology and the dated QQQ figures are still useful for understanding the type of exposure you are buying.
What happens to QQQM if NVIDIA falls?
A simple sensitivity calculation shows why NVIDIA matters. Using the 8.68% NVIDIA weight in the March 31, 2026 QQQ report as an illustration, the direct arithmetic effect of a one-day NVIDIA decline would be approximately:
Rank #4
- 【Softer and More Comfortable】Vaydeer wrist rest has unique diamond pattern, which is the combination of softness and aesthetics. The materials of wrist rest are improved into higher quality memory foam and covered with silky smooth lycra. The computer wrist rest makes you as comfortable and cushiony as like rest your wrists on clouds.
- 【Ergonomic Wrist Saver】The wrist rests for keyboard and mouse comes with a 17.32×3.15×0.83 inch keyboard wrist pad and a 5.94×3.15×0.83 inch mouse wrist support. Based on ergonomic design, the unique concave shape is the perfect fit for your wrist joints. The wrist rest pad fits most computer keyboards and laptops, improve hand and wrist posture, release your wrist and arm stress.
- 【Non-Slip Rubber Bottom】Featuring an anti-skid silicone base on the bottom, this wrist keyboard support stays firmly in place on your desk, preventing the padding from sliding around, ensuring stable and consistent wrist support during extended computer sessions.
- 【Better Experience & Pain Relief】Our keyboard arm rest is beneficial to alleviate the soreness caused by direct contact and friction between your arm and a hard desk surface, reducing the risk of wrist fatigue or carpal tunnel. The soft texture of memory foam can evenly distribute the pressure around your wrists and provide good support with just enough give.
- 【Helpful in Multiple Scenarios】Whether you're working, studying, writing, typing, gaming, this keyboard and mouse rest combo is an essential accessory to add comfort and support to your hands and wrists. It’s also a great gift for men, women, family, friend, coworker, gamer, teacher, etc.
| NVIDIA move | Approximate direct effect on the fund | What the calculation leaves out |
|---|---|---|
| Down 10% | About −0.87 percentage points | Other holdings’ gains or losses, trading costs and any difference in QQQM’s current weight |
| Down 30% | About −2.60 percentage points | Indirect effects on semiconductor suppliers, cloud customers and investor sentiment |
| Down 50% | About −4.34 percentage points | Index reweighting, changing correlations and subsequent market moves |
The formula is weight multiplied by the stock’s return: 8.68% × −30% equals roughly −2.60 percentage points before other positions move. A real sell-off can be broader. NVIDIA’s customers, suppliers and peers may decline together, while higher interest rates can pressure many growth stocks at once. Conversely, gains elsewhere can offset part of the loss. The table is a scenario tool, not a forecast and not a current QQQM calculation.
Is QQQM diversified enough to be a core portfolio holding?
That depends on what “core” means for you. A core equity holding is usually expected to spread risk across sectors, company sizes, countries and investment styles. QQQM spreads ownership across many companies, but its Nasdaq eligibility rule, financial-sector exclusion and modified market-cap weighting create a narrower economic profile than a total-market index.
Recommended Free Tools
QQQM can make sense as a deliberate satellite allocation
- You specifically want exposure to profitable or established Nasdaq-listed growth companies.
- You accept that technology valuations, artificial-intelligence investment and corporate capital-spending cycles may drive a large portion of returns.
- You already own diversified exposure elsewhere and are adding QQQM to increase a growth tilt rather than to cover every sector.
- You can tolerate periods in which the fund lags value stocks, small companies, international markets or defensive sectors.
QQQM is less suitable as your only equity fund when
- Your priority is the broadest possible sector and company diversification.
- You need meaningful exposure to financials or to smaller companies that are not among the largest Nasdaq-listed non-financial firms.
- Your existing funds already have large positions in NVIDIA, Apple, Microsoft, Amazon, Alphabet, Meta, Broadcom or other Nasdaq-100 constituents.
- A sharp drawdown in growth and technology shares would cause you to sell at an unfavorable time.
Invesco explicitly warns that investments focused in a particular industry or sector, such as information technology, are subject to greater risk and can be more affected by market volatility than more diversified investments. The issuer also describes QQQM as non-diversified, meaning it may be more volatile than a diversified investment.
Best Value
- 【No Drill Mounted】Cable management tray can be assembled in as little as 3 minutes or less-simply. Side clips easily clampe the edge of desk, pass through the holes on the sides, and secure excess cables with baskets. Desk cable management supports inward or outward installation to meet your needs in different scenarios, and provides you with great convenience when collecting and organizing wires.
- 【Rubber Pad Protects Desk】Wire organizer under desk built-in soft rubber pads on the clamp protect your desk from scratches, so you will not damage your furniture or office.
- 【Sturdy and Beautiful】Cord management under desk is made of high-quality carbon steel and holds about 15 lbs. The wire basket has 2 holes on each side of the tray to enable your cables to pass freely. Cable baskets are suitable for desk thickness use from 0.4" to 2.4".
- 【Space Saving & Keep Organized】Desk cable management tray holds all your power cords, outlet strips, USB hubs and computer transformers hidden from your feet, and the data cables will not enter the vacuum cleaner to keep your desk clean and tidy. Desk wire organizer is also suitable for use in the kitchen and outdoors.
- 【Reduce Safety Risks】Cable tray under desk keeps all plugs away from your kids, no more worry about tripping. Using 2 holes wire tray saves extra space, helps you easily cabling and wire protection. The mesh design is not easy to accumulate dust, but avoids safety accidents caused by messy wires.
Should you pair QQQM with a total-market ETF?
Pairing can be sensible when the broad-market fund is the portfolio’s foundation and QQQM is an intentional tilt. It does not automatically eliminate concentration, because a total-market fund also owns many of the same mega-cap companies. The combination changes their overall portfolio weight only if the broad-market allocation is large enough relative to the QQQM position.
Use an overlap audit before adding QQQM
- List every equity fund you own and record its current percentage of your portfolio.
- Look up each fund’s current top holdings and identify repeated exposure to NVIDIA, Apple, Microsoft, Amazon, Alphabet, Meta, Broadcom and other QQQM constituents.
- Estimate the combined portfolio exposure, not just the percentage inside QQQM. A 10% QQQM position can create a much larger effective NVIDIA exposure when other funds already own the stock.
- Separate intentional exposure from accidental duplication. Decide whether the added growth tilt has a defined purpose, such as long-term appreciation, rather than assuming a second fund automatically diversifies the first.
- Set a rebalancing rule in advance. Without one, a strong run in mega-cap shares can quietly increase the concentration you originally meant to control.
Compare the roles, not just the tickers
| Decision factor | QQQM | Total-market ETF used as a companion |
|---|---|---|
| Company coverage | Largest eligible Nasdaq-listed non-financial companies; 103 holdings reported June 30, 2026 | Broader market coverage; exact holding count is not stated in the cited materials |
| Weighting | Modified market-cap weighting with index caps | Method varies by fund; verify whether it is market-cap, equal-weight or another approach |
| Sector profile | Growth and technology-linked exposure, with financials excluded from the index | Typically broader sector representation; exact mix depends on the fund selected |
| Portfolio role | Satellite growth tilt or targeted Nasdaq-100 exposure | Potential core allocation when broad diversification is the priority |
| Expense ratio | 0.15% total expense ratio in Invesco’s June 30, 2026 fact sheet | Not stated in the cited materials |
| Rebalancing | Nasdaq-100 rebalanced quarterly and reconstituted annually | Rules vary by index and fund |
The table is a role-based comparison, not a recommendation of a particular companion fund. Read the selected fund’s prospectus for its own costs, spread, tax treatment, securities-lending policy and rebalancing rules.
Costs and implementation details to check
Expense ratio
QQQM’s reported 0.15% total expense ratio is an ongoing fund expense deducted from assets, not a separate bill you pay at the trade screen. It is one part of the implementation cost. Your brokerage commission policy, bid-ask spread, trading frequency and account type can affect the result as well.
Trading and tax considerations
The fund’s market price can differ slightly from its net asset value during the trading day, so a limit order may help control the price you pay in a volatile market. The appropriate order type depends on your circumstances and the available brokerage tools. In a taxable account, selling to rebalance can realize capital gains; in a retirement account, the tax consequences and rules differ. Those considerations are separate from the concentration question but can determine whether your intended allocation is practical to maintain.
Use current data for a current decision
The June 30, 2026 fact-sheet statistics and March 31, 2026 QQQ weights are historical snapshots. Before investing, review the latest QQQM holdings, prospectus, index methodology and expense disclosure. A current top-ten list can change as prices move and as quarterly rebalancing adjusts weights.
Risks that concentration limits do not solve
- Valuation risk: high-growth companies can fall when interest rates rise or when investors reduce the prices they are willing to pay for future earnings.
- Business-cycle correlation: several holdings can cut capital spending or face weaker demand at the same time.
- Regulatory and geopolitical risk: large platforms, semiconductor supply chains and cross-border businesses may face policy changes that affect more than one constituent.
- Index-construction risk: excluding financials and favoring the largest Nasdaq-listed non-financial companies means QQQM will behave differently from a portfolio designed to represent the whole investable market.
- Rebalancing lag: quarterly adjustments can reduce an excessive weight, but they do not provide continuous protection from a rapid decline between rebalances.
- Behavioral risk: a fund that has recently outperformed can attract an oversized allocation just as expectations become most optimistic.
A practical decision checklist
- Write down whether QQQM is intended to be your core equity holding or a satellite growth tilt.
- Check your combined exposure to the major Nasdaq-100 constituents across all accounts.
- Decide how much drawdown you could withstand without selling in panic.
- Confirm that the fund’s exclusion of financials and emphasis on large Nasdaq-listed companies fit your diversification needs.
- Review the current holdings file rather than relying on the March 31 QQQ illustration.
- Account for the 0.15% reported expense ratio plus spreads, taxes and any trading costs relevant to your account.
- Choose a rebalancing schedule before market performance changes the allocation for you.
Bottom line
QQQM is not accidentally concentrated in NVIDIA and other mega-cap technology stocks; concentration is a direct consequence of the Nasdaq-100’s modified market-cap weighting. The index’s 15% annual security cap, 24% quarterly issuer cap and quarterly rebalancing limit extremes, but they do not remove correlated exposure to the same technology and growth themes. Use QQQM when that exposure is intentional and sized alongside a genuinely diversified core. If you need one fund to provide broad sector, company-size and style coverage, QQQM alone is unlikely to meet that objective.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
