ProShares Ultra QQQ

ProShares Trust · Series S000006827 · 1 share classes

Equity fund · 77% stocks
One fund, 1 share classes:QLD
$9.86B NAV
108 positions · as of 2026-02-28 · filed 2026-04-24
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2025 Q2

ProShares Ultra QQQ (the Fund) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq-100 Index (the Index).

Strategy · summarised

The fund seeks daily investment results that correspond to two times the daily performance of the Nasdaq-100 Index, using equity securities, swap agreements, futures contracts, and money market instruments to obtain leveraged exposure to the index's largest non-financial companies. Results over periods longer than a single day will not equal two times the index's return. The fund rebalances daily to maintain its target leverage, which means its exposure rises when the index rises and falls when the index declines.

Expenses
0.95%one share class
Share classGrossNet
QLD0.97%0.95%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 24.00% · as of 2025 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

98.59%
of net assets
Stocks77.45%
Other10.15%
Derivatives5.92%
Cash & short-term5.06%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 12 new13 exited

Largest new: ProShares GENIUS Money Market ETF, WMT, United States of America ×2, WDC, Seagate Technology Holdings plc, Ferrovial SE, MPWR

Largest exited: United States of America ×5, AstraZeneca plc, BIIB, LULU

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Mar 2023 – Feb 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
ProShares GENIUS Money Market ETF10.15%$1.00B
NVIDIA Corp.NVDA6.51%$641.98M
N/A6.21%$612.17M
Apple, Inc.AAPL5.90%$582.04M
Microsoft Corp.MSFT4.41%$435.21M
Amazon.com, Inc.AMZN3.39%$334.72M
Tesla, Inc.TSLA3.04%$299.53M
Meta Platforms, Inc.META2.88%$283.83M
Alphabet, Inc.GOOGL2.74%$270.45M
Walmart, Inc.WMT2.61%$257.40M
Showing 10 of 108Sign in to see more

Top 10 positions are 47.83% of net assets, top 25 71.87%, across 105 issuers.

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