Entrepreneur and investor Anthony Pompliano, on Tuesday, spotlighted a claim that investors would have outperformed most venture capital and private equity funds over the past decade by simply holding the Invesco QQQ Trust (NASDAQ:QQQ).

Quoting the market commentator BoringBiz account on X, which said that the technology-focused index generated a roughly 22% annualized return over the period, Pompliano called the performance "insane returns for an index." QQQ's Decade-Long Run The Invesco QQQ Trust tracks the Nasdaq-100 Index, providing exposure to some of the largest technology and growth companies listed on the Nasdaq exchange.

Its largest holdings include Nvidia Corp.

(NASDAQ:NVDA), Microsoft Corp.

(NASDAQ:MSFT), Apple Inc.