Top 25 QQQ Stocks By Index Weight

Published on October 14, 2022 at 2:52 pm by Insider Monkey Team in Lists, News

In this article, we will take a look at 25 top QQQ stocks by index weight. If you want to see some more of the stocks that the QQQ ETF owns, go directly to Top 5 QQQ Stocks By Index Weight.

The Invesco QQQ Trust (NASDAQ:QQQ) is one of the largest exchange traded funds in the world with assets under management of $147.52 billion as of 10/13 and a total expense ratio of 0.2%.

The Invesco QQQ Trust (NASDAQ:QQQ) under most circumstances, consists of all the stocks in the NASDAQ 100 index, which includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ using market capitalization. The ETF and the NASDAQ 100 index is also re-balanced quarterly and they are reconstituted annually as well.

In terms of its sector allocation, Information Technology accounted for almost 50% of The Invesco QQQ Trust (NASDAQ:QQQ), and Communication Services accounted for 17.27%. Consumer Discretionary and Consumer Staples accounted for 14.98% and 6.67% respectively.

The Invesco QQQ Trust (NASDAQ:QQQ) has been around for a long time having been founded in 3/10/1999.

Since inception, the fund’s NAV has averaged an annual return of 8.26% as of June 30, 2022 since inception. Due to the market weakness with the Federal Reserve having increased interest rates 5 times this year, The Invesco QQQ Trust (NASDAQ:QQQ) is down around 33% year to date, however.

Due to the NASDAQ 100 index including many tech names, The Invesco QQQ Trust (NASDAQ:QQQ) offers investor substantial technology exposure as some of the index’s leading companies are at the forefront of tech trends such as augmented reality, cloud computing, big data, mobile payments and more.

With some economists expecting a potential recession in the future, there could be more downside in the market if economic data doesn’t meet expectations. Nevertheless, the long term potential of The Invesco QQQ Trust (NASDAQ:QQQ) remains attractive.

Methodology

For our list of Top 25 QQQ Stocks By Index Weight, we took the top 25 holdings of all QQQ ETF holdings as of 10/12/22 and excluded Alphabet Class A since Alphabet Class C shares are also in the top 25.

Top 25 QQQ Stocks By Index Weight

25. Automatic Data Processing (NASDAQ:ADP)

Index Weight as of 10/12: 0.94%

Automatic Data Processing (NASDAQ:ADP) is one of the leading cloud based human capital management solutions. As of 10/13 Automatic Data Processing (NASDAQ:ADP) had a market cap of almost $100 billion and an index weight of 0.94% as of 10/12. As a result, Automatic Data Processing (NASDAQ:ADP) ranks #25 on our list of Top 25 QQQ Stocks By Index Weight.

Iakov Filimonov/Shutterstock.com

24. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Index Weight as of 10/12: 0.94%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that makes AMD Ryzen as well as AMD Athlon chips. In the last few years, Advanced Micro Devices, Inc. (NASDAQ:AMD) has gained market share against competitor Intel and as a result it has an index weight of 0.94% as of 10/12. Advanced Micro Devices, Inc. (NASDAQ:AMD) shares trade for a forward P/E ratio of around 13.6.

Photo by Yogesh Phuyal on Unsplash

23. Paypal Holdings, Inc. (NASDAQ:PYPL)

Index Weight as of 10/12: 0.98%

Paypal Holdings, Inc. (NASDAQ:PYPL) is a leading online digital payments company founded in 1998. Although shares of Paypal Holdings, Inc. (NASDAQ:PYPL) are down 55% year to date, they trade for a forward P/E ratio of 17.5. As of 10/12, Paypal Holdings, Inc. (NASDAQ:PYPL) has an index weight of 0.98%.

22. Netflix, Inc. (NASDAQ:NFLX)

Index Weight as of 10/12: 0.99%

Netflix, Inc. (NASDAQ:NFLX) is a leading streaming entertainment company that offers TV series, documentaries, feature films and also mobile games. Netflix, Inc. (NASDAQ:NFLX) also has around 222 million paid members in 190 countries. As of 10/12, Netflix, Inc. (NASDAQ:NFLX) had an index weight of 0.99%.

Photo by Souvik Banerjee on Unsplash

21. Starbucks Corporation (NASDAQ:SBUX)

Index Weight as of 10/12: 1%

Starbucks Corporation (NASDAQ:SBUX) is a leading coffee chain with 16,826 company operated and licensed stores in North America and 17,007 company operated and licensed stores internationally. In terms of the last twelve months, Starbucks Corporation (NASDAQ:SBUX) had total sales of almost $32 billion as well as net income of $4.168 billion. As of 10/12, Starbucks Corporation (NASDAQ:SBUX) had an index weight of 1%.

20. Intel Corporation (NASDAQ:INTC)

Index Weight as of 10/12: 1.05%

Intel Corporation (NASDAQ:INTC) is a leading semiconductor company whose shares have fallen almost 50% due to the market weakness and competition. As a result of the decline, Intel Corporation (NASDAQ:INTC) has a market cap of around $115 billion as of 10/13 and an index weight of 1.05% as of 10/12. Intel Corporation (NASDAQ:INTC) also has a forward P/E ratio of around 10.

Photo by Yogesh Phuyal on Unsplash

19. Intuit Inc. (NASDAQ:INTU)

Index Weight as of 10/12: 1.1%

Intuit Inc. (NASDAQ:INTU) is a leading financial management and compliance products and services company that services small businesses and accounting professionals. Given the market decline, Intuit Inc. (NASDAQ:INTU) shares are down 38.5% and trade for a forward P/E ratio of around 25. As of 10/12, Intuit Inc. (NASDAQ:INTU) has an index weight of 1.1%.

Intuit Inc. (NASDAQ:INTU)

18. Honeywell International Inc. (NYSE:HON)

Index Weight as of 10/12: 1.17%

Honeywell International Inc. (NYSE:HON) is a diversified technology and manufacturing company that makes auxiliary power units, propulsion engines, integrated avionics and more. As of 10/13 Honeywell International Inc. (NYSE:HON) had a market cap of over $120 billion and an index weight of 1.17%. Honeywell International Inc. (NYSE:HON) shares are down around 15% year to date.

Pixabay/Public Domain

17. QUALCOMM Incorporated (NASDAQ:QCOM)

Index Weight as of 10/12: 1.23%

QUALCOMM Incorporated (NASDAQ:QCOM) is a leading semiconductor maker that develops and commercializes foundational technologies for the wireless industry. In terms of the last twelve months QUALCOMM Incorporated (NASDAQ:QCOM) had total sales of over $42.1 billion and net income of almost $12.9 billion. As of 10/12, QUALCOMM Incorporated (NASDAQ:QCOM) had an index weight of 1.23%.

16. Comcast Corporation (NASDAQ:CMCSA)

Index Weight as of 10/12: 1.27%

Comcast Corporation (NASDAQ:CMCSA) is a leading media and tech company that whose media segment operates NBCUniversal’s TV and streaming platforms. Comcast Corporation (NASDAQ:CMCSA) also has Cable Communications, Theme Parks and other segments. As of 10/12, Comcast Corporation (NASDAQ:CMCSA) had an index weight of 1.27%.

Longest Running TV Shows Currently On The Air

Concept Photo/Shutterstock.com

15. Amgen, Inc. (NASDAQ:AMGN)

Index Weight as of 10/12: 1.33%

Amgen, Inc. (NASDAQ:AMGN) is a leading drug manufacturer that focuses on inflammation, oncology/hematology, bone health, and more. Despite the market weakness, shares of Amgen, Inc. (NASDAQ:AMGN) have rallied almost 12% year to date and trade at a forward P/E of 13.5. As of 10/12, Amgen, Inc. (NASDAQ:AMGN) had an index weight of 1.33%.

Sergey Nivens/Shutterstock.com

14. Adobe Inc. (NASDAQ:ADBE)

Index Weight as of 10/12: 1.35%

Adobe Inc. (NASDAQ:ADBE) is a leading diversified software cloud company whose products include the company’s Adobe Creative Cloud. Given the market weakness and Adobe Inc. (NASDAQ:ADBE) agreeing to buy Figma for $20 billion, Adobe Inc. (NASDAQ:ADBE) shares are almost down 50% year to date. As of 10/12, Adobe Inc. (NASDAQ:ADBE) had an index weight of 1.35%.

13. Texas Instruments Incorporated (NASDAQ:TXN)

Index Weight as of 10/12: 1.4%

Texas Instruments Incorporated (NASDAQ:TXN) is a leading semiconductor manufacturer that sells to electronics designers and manufacturers. On 10/11, Joshua Buchalter of Cowen initated a ‘Market Perform’ and $170 price target on Texas Instruments Incorporated (NASDAQ:TXN). As of 10/12, Texas Instruments Incorporated (NASDAQ:TXN) had an index weight of 1.4%.

Photo by Umberto on Unsplash

12. Cisco Systems, Inc. (NASDAQ:CSCO)

Index Weight as of 10/12: 1.64%

Cisco Systems, Inc. (NASDAQ:CSCO) is a leading Internet Protocol based networking company. Cisco Systems, Inc. (NASDAQ:CSCO) also sells other products such as data center switching and also cloud-managed offerings. As of 10/13, Cisco Systems, Inc. (NASDAQ:CSCO) had a market cap of $172 billion and an index weight of 1.64% as of 10/12.

Ken Wolter / Shutterstock.com

11. T-Mobile US, Inc. (NYSE:TMUS)

Index Weight as of 10/12: 1.68%

T-Mobile US, Inc. (NYSE:TMUS) is a leading telecom that offers voice, messaging, and data services to 108.7 million customers. On 9/29 Peter Supino of Wolfe Research upped his price target on T-Mobile US, Inc. (NYSE:TMUS) to $168 from $162 and kept an ‘Outperform’ rating citing a potentially lower baseline of underlying costs beginning next year. As of 10/12, T-Mobile US, Inc. (NYSE:TMUS) had an index weight of 1.68%.

10. Broadcom Inc. (NASDAQ:AVGO)

Index Weight as of 10/12: 1.76%

Broadcom Inc. (NASDAQ:AVGO) is a leading semiconductor company with a semiconductor solutions segment and an infrastructure software segment. Due to the market decline, Broadcom Inc. (NASDAQ:AVGO) shares are down 34% year to date, which is about the same as the NASDAQ’s 33% decline. As of 10/12, Broadcom Inc. (NASDAQ:AVGO) had an index weight of 1.76%.

Photo by Yogesh Phuyal on Unsplash

9. Costco Wholesale Corporation (NASDAQ:COST)

Index Weight as of 10/12: 2.08%

Costco Wholesale Corporation (NASDAQ:COST) is a leading membership warehouse retailer. As of August 28, Costco Wholesale Corporation (NASDAQ:COST) had 838 membership warehouses including 578 in the United States and Puerto Rico. As of 10/12, Costco Wholesale Corporation (NASDAQ:COST) had an index weight of 2.08%.

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Niloo / Shutterstock.com

8. PepsiCo, Inc. (NASDAQ:PEP)

Index Weight as of 10/12: 2.36%

PepsiCo, Inc. (NASDAQ:PEP) is a leading beverage and convenient foods worldwide. As of 10/13, PepsiCo, Inc. (NASDAQ:PEP) had a market cap of $243 billion and an index weight of 2.36%. For its third quarter, PepsiCo, Inc. (NASDAQ:PEP) reported core EPS of $1.97 versus the consensus of $1.84.

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7. NVIDIA Corporation (NASDAQ:NVDA)

Index Weight as of 10/12: 2.45%

NVIDIA Corporation (NASDAQ:NVDA) is a leading graphics, compute and networking solutions company. On 10/11 Atif Malik of Citi cut his price target on NVIDIA Corporation (NASDAQ:NVDA) to $210 from $248 but kept a ‘Buy’ rating citing reduced estimates for cloud data-centric semis as well as slowing macro and advertising sales. As of 10/12, NVIDIA Corporation (NASDAQ:NVDA) has an index weight of 2.45%.

6. Meta Platforms, Inc. (NASDAQ:META)

Index Weight as of 10/12: 2.65%

Meta Platforms, Inc. (NASDAQ:META) is a leading social media company whose products include Facebook, Instagram, and WhatsApp. On 10/10 Brian Nowak of Morgan Stanley cut his price target on Meta Platforms, Inc. (NASDAQ:META) to $205 from $225 but kept an ‘Overweight’ rating on shares. Meta Platforms, Inc. (NASDAQ:META) has an index weight of 2.65%.