MRTNZ Investment Office · Public Markets

The 360 Vantage

A governed research surface for the full QQQ company universe—plus the names and benchmarks we actively track.

103QQQ securities

108Total coverage pages

July 28, 2026Market-data snapshot

Facts use current exchange and official portfolio data.

Street estimates remain distinct from MRTNZ judgment.

Unavailable fields stay blank—never inferred.

Benchmark performance · Actual + scenario

Ten years back.
Ten years forward.

Two governed views of Nasdaq-100 / QQQ: realized price behavior through Jul 28, 2026, followed by explicit MRTNZ bear, base, and bull paths through 2036. Forecasts are scenarios—not consensus, guidance, or promises.

Reference price$675.49Jul 28, 2026

10-year price CAGR+19.4%Jul. 2016–Jul. 2026

10-year cumulative+487.5%Closing-price return

Annualized volatility22.5%Daily closes · 10 years

Maximum drawdown-35.6%Dec 28, 2022

Current drawdown-9.8%From trailing 52-week high

Best / worst year+53.8% / -33.1%2023 / 2022

Top 10 concentration45.7%Holdings as of Jul 27, 2026

01 · Realized returns

Year-by-year price performance

2017–2025 are full calendar years. 2026 is year to date.

Swipe horizontally to inspect all ten annual observations.

02 · Evolution

Actual history → 2036 scenario range

Closing-price index. July 2016 = 100; the forecast branches at July 2026.

Swipe horizontally to inspect the full 20-year path.

bear · 2036114

+14.0% cumulative · 1.3% CAGR

base · 2036214

+114.0% cumulative · 7.9% CAGR

bull · 2036327

+227.2% cumulative · 12.6% CAGR

How to read the forecast

Near-term anchors. Long-term range.

The base path begins with the published MRTNZ call of +10.0% over 12 months and +20.0% over 24 months, then transitions to a normalized long-run rate. Every line is an annual underwriting path, not a claim about the route markets will take between observations.

Assumptions & invalidation

The first two annual anchors retain the published MRTNZ 12- and 24-month QQQ calls.
The base path assumes durable earnings growth absorbs AI capital intensity while valuation remains above the broad market.
The bear path assumes an early de-rating before slower long-run recovery; the bull path assumes AI monetization broadens beyond infrastructure.

Re-underwrite when: Re-underwrite if forward earnings revisions, inflation and rates, index concentration, or AI capital-return evidence materially depart from the path assumptions.

Return basis: ETF closing-price return; cash distributions and reinvestment are excluded.

Risk: Annualized standard deviation of daily logarithmic closing-price returns using 252 trading days. Largest peak-to-trough decline in daily closing prices during the source window.

Nasdaq historical data →Official holdings →Fund sponsor →

QQQ annual closing-price returns
Year	Period	Return
2017	calendar_year	+31.5%
2018	calendar_year	-1.0%
2019	calendar_year	+37.8%
2020	calendar_year	+47.6%
2021	calendar_year	+26.8%
2022	calendar_year	-33.1%
2023	calendar_year	+53.8%
2024	calendar_year	+24.8%
2025	calendar_year	+20.2%
2026	ytd	+10.0%