The cosmological QCD transition affects primordial density perturbations. I
f the QCD transition is first order, the sound speed vanishes during the tr
ansition and density perturbations fall freely. For scales below the Hubble
radius at the transition the primordial Harrison-Zel'dovich spectrum of de
nsity fluctuations develops large peaks and dips. These peaks grow with wav
e number for both the hadron-photon-lepton fluid and for cold dark matter.
At the horizon scale the enhancement is small. This by itself does not lead
to the formation of black holes at the QCD transition. The peaks in the ha
dron-photon-lepton fluid an wiped out during neutrino decoupling. For cold
dark matter that is kinetically decoupled at the QCD transition (e.g., axio
ns or primordial black holes) these peaks lead to the formation of CDM clum
ps of masses 10(-20)M(.)<M-clump< 10(-10) M-.. [S0556-2821(99)05702-1].