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You say the swaps are the only component that has meaningful counterparty risk, it is worth noting that the swaps dwarf the other TQQQ holdings over 7:1.
by initplus 5y ago
You say the swaps are the only component that has meaningful counterparty risk, it is worth noting that the swaps dwarf the other TQQQ holdings over 7:1.
- deleted 5y ago[deleted]
- Kranar 5y agoBut that's not true and wouldn't even make sense. I literally link to the CSV file detailing every single holding they have down to the dollar. You can open it up in Excel/Google Sheets and immediately tally up the values. The swaps add up to 39325783771 and the other holdings add up to 25311807166. Even if you add in the futures contracts (NQZ1) you're still only at approximately 2:1 which is within the ballpark of what one would expect from a triple leveraged instrument. I'm not sure how you got 7:1 but given that all of the numbers are right there, you are welcome to provide your calculations.
- initplus 5y agoAh sorry that's my bad, honestly misread the last row as a total when it's actually just "NET OTHER ASSETS / CASH".