Billionaires Flock to AI-Focused ETF, Signaling Confidence in Tech Growth

Three prominent billionaire investors—Ken Griffin of Citadel Advisors, Israel Englander of Millennium Management, and Steven Cohen of Point72 Asset Management—significantly increased their stakes in the Invesco QQQ Trust (QQQ) during Q1. The ETF, which tracks the Nasdaq-100 Index, offers exposure to top nonfinancial tech giants, making it a favored vehicle for long-term growth.

QQQ's historical performance underscores its appeal: a disciplined $500 monthly investment could compound into over $500,000 within decades. Unlike single-stock bets, the ETF diversifies risk across 100 leading innovators, aligning with institutional strategies for sustained capital appreciation.

While hedge funds often operate on different risk parameters than retail investors, their embrace of QQQ highlights a broader trend—capital flowing into scalable tech infrastructure. The Nasdaq-100’s heavy weighting toward AI, cloud computing, and digital transformation themes reinforces its status as a proxy for next-generation economic value.