VMS Asset Management Limited reported a new position of 32,585 shares in the Invesco QQQ Trust (QQQ) for the third quarter of 2026. The holding was valued at approximately $24.1 million in the manager’s Form 13F disclosure filed October 15, 2026, making QQQ roughly 9% of VMS’s reported U.S. equity portfolio and its second-largest disclosed position.
What VMS Asset Management reported
The position appears in VMS Asset Management Limited’s Form 13F for the quarter ended September 30, 2026. The filing-derived holdings record lists 32,585 QQQ shares with a value of about $24.1 million. MarketBeat’s report of the same disclosure describes the stake as approximately 9.4% of the manager’s investment portfolio and its second-largest position.
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| Item | Reported figure | How to interpret it |
|---|---|---|
| Shares held | 32,585 | VMS’s disclosed QQQ position at September 30, 2026 |
| Reported value | Approximately $24.1 million | Value shown in the Q3 2026 filing records, not a live market quote |
| Total disclosed 13F value | $263.6 million | Value across 32 reportable long U.S. positions |
| QQQ share of disclosed value | 9.15% | Calculated from the filing-derived totals |
| Portfolio share in MarketBeat’s description | About 9.4% | MarketBeat’s rounded presentation of the disclosure |
| Portfolio rank | Second-largest reported position | Rank within the positions disclosed in this filing |
Why the filing does not establish VMS’s investment rationale
A Form 13F reports holdings, not the manager’s reasoning. VMS did not provide a named-person statement or investment thesis with the information available for this disclosure. The purchase could reflect many possible portfolio decisions, but assigning a specific motive—such as a technology outlook, a Nasdaq-100 forecast or a hedging plan—would go beyond the filing.
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Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →The disclosure is also not a real-time trade report. It identifies the position at the end of September, while the filing became public on October 15. VMS could have added to, reduced or sold the stake after September 30 and before publication, and the filing does not reveal the exact transaction dates or prices that produced the reported holding.
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What QQQ owns and tracks
QQQ is the PowerShares QQQ Trust, Series 1, a unit investment trust designed to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The trust gives holders proportionate, undivided interests in a portfolio consisting of substantially all Nasdaq-100 component securities in substantially the same weighting as the index.
That structure gives one exchange-traded security exposure to a basket of large nonfinancial companies listed on Nasdaq. Because the index is weighted by market capitalization and has significant exposure to technology and communications businesses, QQQ can be more sensitive to growth-stock valuations, interest-rate expectations and results from its largest constituents than a broad-market fund.
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How large is the position relative to VMS’s disclosed portfolio?
The filing-derived record shows VMS reporting $263.6 million across 32 long U.S. positions. Dividing the approximately $24.1 million QQQ value by that disclosed total produces about 9.15%. MarketBeat rounds the holding’s portfolio weight to about 9.4%. Both figures describe the reported 13F portfolio, not necessarily all assets managed by VMS.
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QQQ’s second-place ranking indicates that the position was substantial within the disclosed securities list. It does not, by itself, show whether QQQ was a strategic core holding, a temporary allocation or one component of a broader exposure that may also include securities not visible in the filing.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What a Form 13F includes—and leaves out
Institutional investment managers file Form 13F reports for qualifying reportable securities. The Q3 filing covers positions as of September 30, 2026 and was filed October 15, 2026. The $263.6 million figure therefore represents the reportable holdings captured by that filing at that date.
- Included: reportable long positions in U.S.-listed securities that fall within the filing’s requirements.
- Generally excluded: cash, bonds, many foreign-listed securities and short positions.
- Timing limitation: the report is quarterly and can be several weeks old when published.
- Interpretive limitation: a 13F cannot be treated as VMS’s complete assets under management or its current portfolio.
For that reason, the QQQ disclosure is best read as a dated snapshot of one portion of VMS’s U.S. securities exposure, rather than proof of an unchanged position today.
Quick Recap
What investors can conclude from the disclosure
- VMS established or first reported a QQQ position for the quarter ended September 30, 2026.
- The reported holding was 32,585 shares valued at approximately $24.1 million.
- QQQ represented roughly 9% of the disclosed 13F value and ranked second among the reported positions.
- The fund is intended to track the Nasdaq-100’s price and yield performance through a substantially replicated portfolio.
- The filing reveals the position size at a past reporting date, but not VMS’s rationale or its holdings after September 30.
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