Vault-13

PROSHARES TR

ULTRAPRO SHORT S · CUSIP 74347B110

65 institutional holders -6 vs Q2 2023
10,322,93910.3m shares reported held*
$123.3mreported value*
13 new 22 added 12 reduced 17 sold out net bought ≈ $90.2m (+7.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $11.94. Options: 6 managers hold calls ($35.0m notional), 6 hold puts ($6.5m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 65Q4 22: 71Q1 23: 64Q2 23: 71Q3 23: 6565Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202265
Q4 202271
Q1 202364
Q2 202371
Q3 202365

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 36 bought or addedQ4 22: 34 cut or sold outQ4 22Q1 23: 39 bought or addedQ1 23: 38 cut or sold outQ1 23Q2 23: 35 bought or addedQ2 23: 28 cut or sold outQ2 23Q3 23: 35 bought or addedQ3 23: 29 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223634
Q1 20233938
Q2 20233528
Q3 20233529

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ4 22 calls: $60.5mQ4 22 puts: $17.4mQ4 22P/C 0.29Q1 23 calls: $34.2mQ1 23 puts: $11.6mQ1 23P/C 0.34Q2 23 calls: $24.6mQ2 23 puts: $8.0mQ2 23P/C 0.33Q3 23 calls: $35.0mQ3 23 puts: $6.5mQ3 23P/C 0.19
Numbers
QuarterCallsPutsP/C
Q4 2022$60.5m$17.4m0.29
Q1 2023$34.2m$11.6m0.34
Q2 2023$24.6m$8.0m0.33
Q3 2023$35.0m$6.5m0.19

Biggest buyers

GTS SECURITIES LLC Added +6,113,896+6.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,065,726+1.1m
Lane Generational LLC New +373,065+373.1k
HighTower Advisors, LLC Added +281,990+282.0k
HRT FINANCIAL LP New +210,731+210.7k
SIMPLEX TRADING, LLC New +187,946+187.9k
Empowered Funds, LLC New +135,002+135.0k
JANE STREET GROUP, LLC Added +94,868+94.9k
TWO SIGMA SECURITIES, LLC Added +58,110+58.1k
AXS Investments LLC New +50,000+50.0k

Biggest sellers

IMC-Chicago, LLC Sold out -235,097-235.1k
DRW Securities, LLC Reduced -160,608-160.6k
Tower Research Capital LLC (TRC) Reduced -152,095-152.1k
ALTFEST L J & CO INC Reduced -120,891-120.9k
MORGAN STANLEY Reduced -99,832-99.8k
Integrated Advisors Network LLC Sold out -50,200-50.2k
Vontobel Holding Ltd. Reduced -41,524-41.5k
UBS Group AG Reduced -41,355-41.4k
ASSET PLANNING SERVICES INC /LA/ /ADV Sold out -40,000-40.0k
INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC Sold out -33,301-33.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $24.2m2.0m shares
CITADEL ADVISORS LLC Added $5.0m414.5k shares
WOLVERINE TRADING, LLC Reduced $3.4m287.0k shares
GTS SECURITIES LLC New $2.3m190.1k shares
Cutler Group LLC / CA Reduced $95.0k91.3k shares
HAP Trading, LLC Added $60.4k69.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.3m276.0k shares
WOLVERINE TRADING, LLC Reduced $1.5m121.4k shares
CITADEL ADVISORS LLC Reduced $1.2m101.7k shares
GTS SECURITIES LLC New $473.2k39.6k shares
Cutler Group LLC / CA Added $67.0k44.6k shares
HighTower Advisors, LLC New $10.3k180 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GTS SECURITIES LLC 1.55% of their portfolio NEW YORK, NY 6,223,1866.2m $74.3m $74.3m 1.55% Added +6.1m +6,113,896
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 1,191,7331.2m $14.2m $14.2m 0.02% Added +1.1m +1,065,726
3 Lane Generational LLC 5.51% of their portfolio Palm Beach, FL 373,065373.1k $4.5m $4.5m 5.51% New
4 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 360,606360.6k $4.3m $4.3m 0.01% Added +94.9k +94,868
5 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 312,430312.4k $3.7m $3.7m 0.01% Added +282.0k +281,990
6 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 210,731210.7k $2.5m $2.5m 0.03% New
7 SIMPLEX TRADING, LLC 0.08% of their portfolio CHICAGO, IL 187,946187.9k $2.2m $2.2m 0.08% New
8 Empowered Funds, LLC 0.05% of their portfolio NEWTOWN SQUARE, PA 135,002135.0k $1.6m $1.6m 0.05% New
9 GW HENSSLER & ASSOCIATES LTD 0.09% of their portfolio KENNESAW, GA 116,298116.3k $1.4m $1.4m 0.09% Unchanged
10 CANTOR FITZGERALD, L. P. 0.03% of their portfolio NEW YORK, NY 100,000100.0k $1.2m $1.2m 0.03% Added +5.0k +4,999
11 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 93,37893.4k $1.1m $1.1m 0.00% Reduced -21.9k -21,908
12 TWO SIGMA SECURITIES, LLC 0.05% of their portfolio NEW YORK, NY 82,39582.4k $984.6k $984.6k 0.05% Added +58.1k +58,110
13 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 81,34781.3k $972.1k $972.1k 0.01% Reduced -6.8k -6,848
14 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 60,00060.0k $717.0k $717.0k 0.00% Added +42.5k +42,500
15 WESPAC Advisors SoCal, LLC 0.20% of their portfolio Pasadena, CA 50,51550.5k $603.7k $603.7k 0.20% Unchanged
16 AXS Investments LLC 0.15% of their portfolio PORT CHESTER, NY 50,00050.0k $597.5k $597.5k 0.15% New
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 45,75145.8k $546.7k $546.7k 0.00% Reduced -99.8k -99,832
18 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 43,27043.3k $517.1k $517.1k 0.01% Added +16.6k +16,565
19 GROUP ONE TRADING LLC 0.02% of their portfolio CHICAGO, IL 41,56441.6k $496.7k $496.7k 0.02% Added +24.6k +24,579
20 Perigon Wealth Management, LLC 0.02% of their portfolio SAN FRANCISCO, CA 40,50040.5k $484.0k $484.0k 0.02% New
21 DRW Securities, LLC 0.04% of their portfolio CHICAGO, IL 37,85537.9k $452.0k $452.0k 0.04% Reduced -160.6k -160,608
22 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 34,70034.7k $414.7k $414.7k 0.00% Unchanged
23 Financial Partners Group, Inc 0.08% of their portfolio Overland Park, KS 33,77933.8k $388.1k $388.1k 0.08% Added +3.2k +3,212
24 Cutter & CO Brokerage, Inc. 0.11% of their portfolio Ballwin, MO 32,52532.5k $388.7k $388.7k 0.11% Added +500 +500
25 Jackson Hole Capital Partners, LLC 0.11% of their portfolio TULSA, OK 30,25330.3k $361.5k $361.5k 0.11% Reduced -10.8k -10,850
26 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 29,68629.7k $358.3k $358.3k 0.01% Reduced -3.8k -3,791
27 Cadent Capital Advisors, LLC 0.16% of their portfolio TULSA, OK 27,40327.4k $327.5k $327.5k 0.16% Added +16.5k +16,525
28 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 26,82126.8k $320.5k $320.5k 0.00% Added +8.7k +8,656
29 Per Stirling Capital Management, LLC. 0.06% of their portfolio AUSTIN, TX 25,99226.0k $310.6k $310.6k 0.06% Added +499 +499
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 25,42125.4k $303.8k $303.8k 0.00% Added +525 +525
31 ALTFEST L J & CO INC 0.05% of their portfolio NEW YORK, NY 24,10224.1k $288.0k $288.0k 0.05% Reduced -120.9k -120,891
32 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 22,50022.5k $268.9k $268.9k 0.00% Reduced -41.5k -41,524
33 Avior Wealth Management, LLC 0.02% of their portfolio OMAHA, NE 19,90019.9k $237.8k $237.8k 0.02% Added +9.0k +9,000
34 Clay Northam Wealth Management, LLC 0.23% of their portfolio HUNTINGTON BEACH, CA 19,00019.0k $227.1k $227.1k 0.23% Reduced -7.5k -7,550
35 Essex LLC 0.06% of their portfolio DEER PARK, IL 17,86317.9k $213.5k $213.5k 0.06% Added +5.1k +5,138
36 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 17,85517.9k $213.4k $213.4k 0.00% New
37 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 16,00616.0k $191.3k $191.3k 0.01% Reduced -152.1k -152,095
38 Formidable Asset Management, LLC 0.04% of their portfolio CINCINNATI, OH 15,80015.8k $188.8k $188.8k 0.04% Reduced -3.5k -3,505
39 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 12,77512.8k $152.7k $152.7k 0.00% Unchanged
40 Tradition Wealth Management, LLC 0.02% of their portfolio EDINA, MN 11,80011.8k $141.0k $141.0k 0.02% Unchanged
41 StoneX Group Inc. 0.01% of their portfolio NEW YORK, NY 11,31411.3k $135.2k $135.2k 0.01% New
42 ASPIRIANT, LLC 0.01% of their portfolio San Francisco, CA 10,25010.2k $122.5k $122.5k 0.01% New
43 Cutler Group LLC / CA 0.01% of their portfolio SAN FRANCISCO, CA 6,7086.7k $80.0k $80.0k 0.01% Added +6.6k +6,608
44 Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio ORLAND PARK, IL 6,3006.3k $67.4k $67.4k 0.00% Added +6.2k +6,200
45 Costello Asset Management, INC 0.02% of their portfolio FEASTERVILLE, PA 1,9852.0k $23.7k $23.7k 0.02% Unchanged
46 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 1,9542.0k $23.4k $23.4k 0.00% Added +28 +28
47 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 643643 $7.7k $7.7k 0.00% New
48 Cornerstone Planning Group LLC 0.00% of their portfolio FAIRFIELD, NJ 500500 $6.0k $6.0k 0.00% Unchanged
49 AMERICAN NATIONAL BANK & TRUST 0.00% of their portfolio WICHITA FALLS, TX 240240 $2.9k $2.9k 0.00% Unchanged
50 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 200200 $2.4k $2.4k 0.00% Unchanged
51 CWM, LLC 0.00% of their portfolio OMAHA, NE 200200 $2.0k $2.0k 0.00% Unchanged
52 Northwest Capital Management Inc 0.00% of their portfolio Lake Oswego, OR 200200 $2.4k $2.4k 0.00% Unchanged
53 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 160160 $1.9k $1.9k 0.00% Unchanged
54 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 100100 $1.2k $1.2k 0.00% New
55 Pathway Financial Advisers, LLC 0.00% of their portfolio AUBURN, IN 9999 $1.2k $1.2k 0.00% First filing
56 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9191 $1.1k $1.1k 0.00% New
57 UBS Group AG 0.00% of their portfolio ZURICH, V8 6262 $741 $741 0.00% Reduced -41.4k -41,355
58 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 6262 $741 $741 0.00% Added +1 +1
59 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 6060 $650 $650 0.00% Unchanged
60 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 3232 $382 $382 0.00% Unchanged
61 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 2323 $270 $270 0.00% Added +1 +1
62 FMR LLC 0.00% of their portfolio BOSTON, MA 22 $24 $24 0.00% New
63 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 11 $0 $0 0.00% Unchanged
64 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged
65 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 00 $0 $0 0.00% Unchanged