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Invesco NASDAQ 100 ETF (QQQM)

Look-through valuation · US market · Expense ratio 0.15 % · ISIN US46138G6492

QQQM Invesco NASDAQ 100 ETF QQQM overvalued
Holdings vs fair value −60.2 % weighted average
Quality 67/100 avg alpha quality
Expense ratio 0.15 % per year (TER)
Fund size $ 96.8B yield 0.43 %
The look-through covers 82 % of the fund by weight (47 of 50 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 2020)

$ 304 $ 107 Oct 2020 Jul 2026

Monthly close since 2020. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding Weight vs fair value Quality
NVIDIA Corporation NVDA 8.1 % −54.4 % 68
Apple Inc. AAPL 7.3 % −62.5 % 83
Micron Technology Inc MU 4.8 % −80.0 % 73
Microsoft Corporation MSFT 4.5 % −30.7 % 59
Amazon.com Inc AMZN 4.2 % −49.9 % 53
Advanced Micro Devices Inc AMD 3.9 % −78.9 % 72
Alphabet Inc Class A GOOGL 3.3 % n/a n/a
Tesla Inc TSLA 3.1 % −80.0 % 37
Meta Platforms Inc. META 3.1 % −21.5 % 60
Alphabet Inc Class C GOOG 3.1 % −60.7 % 73
Broadcom Inc AVGO 2.9 % −78.8 % 67
Walmart Inc. WMT 2.4 % −56.8 % 62
Intel Corporation INTC 2.4 % −60.7 % 46
Applied Materials Inc AMAT 2.1 % −75.3 % 75
Cisco Systems Inc CSCO 2.0 % −61.5 % 77
Lam Research Corp LRCX 1.9 % −79.4 % 79
Costco Wholesale Corp COST 1.8 % −58.2 % 61
Netflix Inc NFLX 1.4 % −33.0 % 65
Palantir Technologies Inc. PLTR 1.3 % −80.0 % 56
KLA Corporation KLAC 1.3 % −75.1 % 73
Palo Alto Networks Inc PANW 1.3 % −80.0 % 66
Texas Instruments Incorporated TXN 1.2 % −79.3 % 70
Space Exploration Technologies Corp. Class A Common Stock SPCX 1.1 % n/a n/a
Sandisk Corp SNDK 1.1 % −75.7 % 64
Linde plc Ordinary Shares LIN 1.1 % −56.5 % 71

Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Invesco NASDAQ 100 ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.