ProShares Ultra QQQ (QLD) Sells $50.5 Million of NVIDIA on Nov. 3 GuruFocus News Thu, November 5, 2026 at 6:04 AM EST 3 min read NVDA -0.91% QLD -1.03% AAPL +0.59% MSFT +0.23% AMZN +1.50% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
ProShares Ultra QQQ 2x Shares (QLD) cut every one of its 100 holdings on Tuesday, with no positions increased and no buys. The ETF activity totaled $615.4 million sold against $0 bought, a net outflow of $615.4 million for the $12.77 billion fund.
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Its largest sells by dollar value were NVDA ($50.5 million), AAPL ($49.1 million) and MSFT ($39.2 million).
The largest sale was NVIDIA (NVDA), down 244,188 shares for $50.5 million, still 8.2% of assets. Apple (AAPL) shed 147,798 shares for $49.1 million at 7.97%, Microsoft (MSFT) fell 75,276 shares for $39.2 million at 6.37%, Amazon (AMZN) dropped 109,242 shares for $27.4 million at 4.45% and Micron (MU) lost 31,518 shares for $27.0 million at 4.39%. None of the moves was a new position or a full exit.
QLD is an alternative equity leveraged fund holding 100 stocks, with 47.0% of assets in its 10 largest holdings and 2.0x leverage. Technology is 57.4% of the classified stocks, consumer cyclical 11.4% and communication services 11.3%, and all holdings are large-cap. Its expense ratio is 0.96%, and top holdings are NVIDIA at 8.2%, Apple at 7.97%, Microsoft at 6.37%, Amazon at 4.45% and Micron at 4.39%. It has a GF Score of 88, a P/E of 27.69, a P/B of 6.88, a dividend yield of 0.13% and a year-to-date return of 17.75%.
Technology 57.4%, Consumer Cyclical 11.4%, Communication Services 11.3%
NVDA (8.20%), AAPL (7.97%), MSFT (6.37%), AMZN (4.45%), MU (4.39%)
Holdings, performance and fees for QLD are on its fund summary page; the ETF Screener lines it up against its peers. Its biggest sell this time, NVDA, has its own GF Value page and stock summary.
With every position trimmed and no buys, watch whether QLD's next update shows further broad reductions or a rebuild of exposure, and whether NVIDIA's 8.2% weight holds.
Based on holdings changes reported by ProShares Ultra QQQ 2x Shares (QLD) for Nov. 3, 2026, US-listed stocks only.
Sector Trends: Technology Leads, Consumer Defensive Sold on Nov. 3
ETFs Bought $355.3 Million of NVIDIA (NASDAQ:NVDA) on Nov. 3
ETFs Bought $121.6 Million of Apple (NASDAQ:AAPL) on Nov. 3
48 ETFs Add to Microsoft (NASDAQ:MSFT) Holdings on Nov. 3
ETFs Are Buying Micron Technology (NASDAQ:MU) on Nov. 3
