Exploring QQQ top 100 companies

The Invesco QQQ ETF is renowned for tracking the Nasdaq-100 Index, which is composed of the 100 largest non-financial companies listed on the Nasdaq stock exchange. These companies are industry leaders in sectors like technology, consumer discretionary, and healthcare, driving much of the growth seen in the QQQ ETF.

These companies make up a substantial portion of the ETF’s total assets, reflecting their dominance in the U.S. market, particularly in sectors related to technology and consumer goods.

Here is a list of the top 100 companies in the Nasdaq-100 Index as of October 2024:

1. Apple Inc. (AAPL)
2. NVIDIA Corp (NVDA)
3. Microsoft Corp (MSFT)
4. Broadcom Inc (AVGO)
5. Meta Platforms Inc (META)
6. Amazon.com Inc (AMZN)
7. Tesla Inc (TSLA)
8. Costco Wholesale Corp (COST)
9. Alphabet Inc Class A (GOOGL)
10. Alphabet Inc Class C (GOOG)
11. PepsiCo Inc (PEP)
12. Adobe Inc (ADBE)
13. Cisco Systems Inc (CSCO)
14. Texas Instruments Inc (TXN)
15. QUALCOMM Inc (QCOM)
16. Intuit Inc (INTU)
17. Comcast Corp (CMCSA)
18. Amgen Inc (AMGN)
19. Netflix Inc (NFLX)
20. Advanced Micro Devices Inc (AMD)
21. PayPal Holdings Inc (PYPL)
22. Broadcom Inc (AVGO)
23. Palo Alto Networks Inc (PANW)
24. T-Mobile US Inc (TMUS)
25. Booking Holdings Inc (BKNG)
26. Lam Research Corp (LRCX)
27. ASML Holding NV (ASML)
28. Applied Materials Inc (AMAT)
29. Adobe Inc (ADBE)
30. Intel Corp (INTC)
31. Starbucks Corp (SBUX)
32. Vertex Pharmaceuticals Inc (VRTX)
33. Honeywell International Inc (HON)
34. Automatic Data Processing Inc (ADP)
35. Mondelez International Inc (MDLZ)
36. Regeneron Pharmaceuticals Inc (REGN)
37. Micron Technology Inc (MU)
38. Cintas Corp (CTAS)
39. CSX Corp (CSX)
40. Cadence Design Systems Inc (CDNS)
41. Marriott International Inc (MAR)
42. KLA Corp (KLAC)
43. O’Reilly Automotive Inc (ORLY)
44. Gilead Sciences Inc (GILD)
45. Illumina Inc (ILMN)
46. Analog Devices Inc (ADI)
47. Moderna Inc (MRNA)
48. Copart Inc (CPRT)
49. Synopsys Inc (SNPS)
50. Match Group Inc (MTCH)
51. eBay Inc (EBAY)
52. Zoom Video Communications Inc (ZM)
53. NXP Semiconductors NV (NXPI)
54. Intuitive Surgical Inc (ISRG)
55. Ross Stores Inc (ROST)
56. Workday Inc (WDAY)
57. Paychex Inc (PAYX)
58. Tesla Inc (TSLA)
59. Splunk Inc (SPLK)
60. Biogen Inc (BIIB)
61. Monster Beverage Corp (MNST)
62. Atlassian Corp (TEAM)
63. Fastenal Co (FAST)
64. DexCom Inc (DXCM)
65. Charter Communications Inc (CHTR)
66. DocuSign Inc (DOCU)
67. Zoom Video Communications Inc (ZM)
68. Applied Materials Inc (AMAT)
69. Electronic Arts Inc (EA)
70. Microchip Technology Inc (MCHP)
71. Sirius XM Holdings Inc (SIRI)
72. Warner Bros Discovery Inc (WBD)
73. Datadog Inc (DDOG)
74. CrowdStrike Holdings Inc (CRWD)
75. Okta Inc (OKTA)
76. ZoomInfo Technologies Inc (ZI)
77. Marvell Technology Inc (MRVL)
78. Fortinet Inc (FTNT)
79. Zscaler Inc (ZS)
80. MongoDB Inc (MDB)
81. Airbnb Inc (ABNB)
82. PDD Holdings Inc (PDD)
83. Twilio Inc (TWLO)
84. Expedia Group Inc (EXPE)
85. CoStar Group Inc (CSGP)
86. DoorDash Inc (DASH)
87. Lucid Group Inc (LCID)
88. Roku Inc (ROKU)
89. Lululemon Athletica Inc (LULU)
90. Alnylam Pharmaceuticals Inc (ALNY)
91. Etsy Inc (ETSY)
92. Pinterest Inc (PINS)
93. Cognizant Technology Solutions Corp (CTSH)
94. Match Group Inc (MTCH)
95. DocuSign Inc (DOCU)
96. Zoom Video Communications Inc (ZM)
97. Trade Desk Inc (TTD)
98. Align Technology Inc (ALGN)
99. Rivian Automotive Inc (RIVN)
100. Novavax Inc (NVAX)

These companies represent the largest players in the Nasdaq-100, with a significant focus on technology, innovation, and high-growth industries​

Performance and Innovation Focus of QQQ top 100 companies

The QQQ ETF has consistently delivered impressive returns due to its concentration in growth stocks, particularly in innovative sectors like cloud computing, semiconductors, and e-commerce. Over the past 10 years, the fund has delivered an average annual return of approximately 18.28%, outpacing many other broad-market indices​.

Moreover, many companies within the Nasdaq-100 have been at the forefront of patent filings in disruptive technologies such as artificial intelligence, clean energy, and blockchain, further enhancing the innovation-driven nature of the QQQ ETF.

QQQ top 100 companies Sector Distribution

Although dominated by technology companies, the QQQ ETF also provides exposure to other sectors such as consumer discretionary, healthcare, and communications. For instance, holdings like PepsiCo and Costco represent non-tech companies that still play a crucial role in the ETF’s diversity. This broad sector exposure allows investors to benefit from multiple growth drivers within the U.S. economy​.

Conclusion

For investors seeking exposure to large-cap U.S. companies with a focus on technology and innovation, the QQQ ETF offers a concentrated yet diverse portfolio of market leaders. Its strong historical performance and the dominance of companies like Apple, NVIDIA, and Microsoft make it a compelling choice for long-term growth investors.