ProShares Ultra QQQ

ProShares Trust · Series S000006827 · 1 share classes

Leveraged ETF (daily reset)
One fund, 1 share classes:QLD
$14.46B NAV
113 positions · as of 2026-05-31 · filed 2026-07-28
data updated 2026-09-08

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 Q2

101.43%
of net assets
Stocks62.36%
Derivatives24.08%
Other8.86%
Cash & short-term6.12%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 11 new6 exited

Largest new: United States of America ×5, SNDK, U.S. Treasury Bills ×2

Largest exited: United States of America ×2, Thomson Reuters Corp., CSGP, TEAM, INVESCO GOVT AND AGCY LEX

Return profile

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

1-year
+82.96%
3-year
+228.04%
5-year
+150.12%
Volatility
40.82%
Worst 3-yr fall
-20.75%
Cumulative return· Jun 2023 – Apr 2026

May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

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

Issuer%NAVValue
N/A21.74%$3.14B
ProShares GENIUS Money Market ETF8.86%$1.28B
NVIDIA Corp.NVDA5.09%$736.26M
Apple, Inc.AAPL4.55%$657.40M
Microsoft Corp.MSFT3.32%$479.84M
Micron Technology, Inc.MU2.99%$432.97M
Amazon.com, Inc.AMZN2.88%$416.96M
N/A2.34%$338.65M
Advanced Micro Devices, Inc.AMD2.31%$333.29M
Alphabet, Inc.GOOGL2.20%$317.80M
Showing 10 of 113Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.

Top 10 positions are 56.28% of net assets, top 25 77.70%, across 105 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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