PROSHARES TR
ULTRAPRO SHORT S · CUSIP 74347B110
55
institutional holders
-10 vs Q3 2023
6.5m
shares reported held*
$55.9mreported value*
11 new
9 added
20 reduced
23 sold out
net sold ≈ $37.4m (-4.3m 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 ≈ $8.60. Options: 6 managers hold calls ($24.4m notional), 6 hold puts ($8.4m).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 65 |
| Q4 2022 | 71 |
| Q1 2023 | 64 |
| Q2 2023 | 71 |
| Q3 2023 | 65 |
| Q4 2023 | 55 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 36 | 34 |
| Q1 2023 | 39 | 38 |
| Q2 2023 | 35 | 28 |
| Q3 2023 | 35 | 29 |
| Q4 2023 | 20 | 43 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $34.2m | $11.6m | 0.34 |
| Q2 2023 | $24.6m | $8.0m | 0.33 |
| Q3 2023 | $35.0m | $6.5m | 0.19 |
| Q4 2023 | $24.4m | $8.4m | 0.35 |
Biggest buyers
| CITADEL ADVISORS LLC | New | +2.7m |
| AXXCESS WEALTH MANAGEMENT, LLC | New | +498.3k |
| IMC-Chicago, LLC | New | +450.6k |
| Tower Research Capital LLC (TRC) | Added | +449.0k |
| Jump Financial, LLC | New | +294.9k |
| MORGAN STANLEY | Added | +153.6k |
| Headlands Technologies LLC | New | +43.3k |
| Integrated Advisors Network LLC | New | +34.7k |
| TUDOR INVESTMENT CORP ET AL | New | +34.2k |
| Sowell Financial Services LLC | New | +29.0k |
Biggest sellers
| GTS SECURITIES LLC | Reduced | -6.2m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -1.2m |
| Lane Generational LLC | Sold out | -373.1k |
| JANE STREET GROUP, LLC | Reduced | -302.2k |
| HighTower Advisors, LLC | Reduced | -299.6k |
| Empowered Funds, LLC | Sold out | -135.0k |
| SIMPLEX TRADING, LLC | Reduced | -130.2k |
| HRT FINANCIAL LP | Reduced | -63.7k |
| AXS Investments LLC | Sold out | -50.0k |
| Perigon Wealth Management, LLC | Sold out | -40.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $20.3m2.4m shares |
| WOLVERINE TRADING, LLC | Added | $2.9m339.4k shares |
| GTS SECURITIES LLC | Reduced | $809.3k94.1k shares |
| CITADEL ADVISORS LLC | Reduced | $354.3k41.2k shares |
| Cutler Group LLC / CA | Reduced | $12.0k49.5k shares |
| HAP Trading, LLC | Reduced | $2.7k11.3k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $4.7m552.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.1m242.3k shares |
| WOLVERINE TRADING, LLC | Added | $1.4m162.9k shares |
| GTS SECURITIES LLC | Reduced | $192.6k22.4k shares |
| HighTower Advisors, LLC | Added | $13.0k48.0k shares |
| Cutler Group LLC / CA | Reduced | $11.0k18.5k 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, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| CITADEL ADVISORS LLC 0.02% of their portfolio | 2.7m $23.3m | New |
| Ridgepath Capital Management LLC 8.24% of their portfolio | 498.7k $4.3m | First filing |
| AXXCESS WEALTH MANAGEMENT, LLC 0.13% of their portfolio | 498.3k $4.3m | New |
| Tower Research Capital LLC (TRC) 0.05% of their portfolio | 465.0k $4.0m | Added +449.0k |
| IMC-Chicago, LLC 0.12% of their portfolio | 450.6k $3.9m | New |
| Jump Financial, LLC 0.08% of their portfolio | 294.9k $2.5m | New |
| MORGAN STANLEY 0.00% of their portfolio | 199.3k $1.7m | Added +153.6k |
| HRT FINANCIAL LP 0.01% of their portfolio | 147.0k $1.3m | Reduced -63.7k |
| GW HENSSLER & ASSOCIATES LTD 0.07% of their portfolio | 116.3k $1.0m | Unchanged |
| CANTOR FITZGERALD, L. P. 0.16% of their portfolio | 91.0k $783.0k | Reduced -9.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 58.5k $502.7k | Reduced -302.2k |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 57.8k $496.0k | Reduced -130.2k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 55.3k $475.8k | Reduced -4.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 54.6k $469.2k | Reduced -38.8k |
| GTS SECURITIES LLC 0.01% of their portfolio | 50.8k $437.1k | Reduced -6.2m |
| WESPAC Advisors SoCal, LLC 0.13% of their portfolio | 50.5k $434.4k | Unchanged |
| TWO SIGMA SECURITIES, LLC 0.02% of their portfolio | 49.2k $422.9k | Reduced -33.2k |
| WOLVERINE TRADING, LLC 0.00% of their portfolio | 44.1k $379.0k | Added +795 |
| Walleye Capital LLC 0.01% of their portfolio | 43.3k $372.8k | Reduced -38.0k |
| Headlands Technologies LLC 0.11% of their portfolio | 43.3k $372.7k | New |
| Vontobel Holding Ltd. 0.00% of their portfolio | 40.7k $350.4k | Added +18.2k |
| Integrated Advisors Network LLC 0.02% of their portfolio | 34.7k $298.4k | New |
| Corient Private Wealth LP 0.00% of their portfolio | 34.7k $298.4k | Unchanged |
| Financial Partners Group, Inc 0.05% of their portfolio | 34.5k $296.6k | Added +714 |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 34.2k $293.9k | New |
| Brookstone Capital Management 0.00% of their portfolio | 29.4k $253.0k | Reduced -271 |
| Sowell Financial Services LLC 0.01% of their portfolio | 29.0k $249.0k | New |
| Cutter & CO Brokerage, Inc. 0.06% of their portfolio | 26.4k $227.3k | Reduced -6.1k |
| Marex Group Ltd 0.01% of their portfolio | 25.8k $221.9k | New |
| Per Stirling Capital Management, LLC. 0.04% of their portfolio | 23.5k $201.9k | Reduced -2.5k |
| Essex LLC 0.05% of their portfolio | 22.9k $196.6k | Added +5.0k |
| XR Securities LLC 0.06% of their portfolio | 22.5k $193.5k | New |
| DRW Securities, LLC 0.01% of their portfolio | 20.6k $177.4k | Reduced -17.2k |
| LB Partners LLC 0.19% of their portfolio | 20.0k $172.0k | First filing |
| Avior Wealth Management, LLC 0.01% of their portfolio | 19.9k $171.1k | Unchanged |
| Cresset Asset Management, LLC 0.00% of their portfolio | 17.9k $153.6k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 15.3k $131.4k | Reduced -1.2m |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 14.7k $126.8k | Reduced -26.8k |
| HighTower Advisors, LLC 0.00% of their portfolio | 12.8k $110.0k | Reduced -299.6k |
| StoneX Group Inc. 0.01% of their portfolio | 10.3k $88.6k | Reduced -1.0k |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 7.8k $67.0k | Added +7.8k |
| Tradition Wealth Management, LLC 0.01% of their portfolio | 6.2k $54.0k | Reduced -5.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.7k $23.6k | Reduced -22.7k |
| Costello Asset Management, INC 0.01% of their portfolio | 2.0k $17.1k | Unchanged |
| ORG Partners LLC 0.00% of their portfolio | 1.3k $10.8k | New |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 549 $4.7k | Added +458 |
| Cornerstone Planning Group LLC 0.00% of their portfolio | 500 $4.3k | Unchanged |
| AMERICAN NATIONAL BANK & TRUST 0.00% of their portfolio | 240 $2.1k | Unchanged |
| FMR LLC 0.00% of their portfolio | 206 $1.8k | Added +204 |
| CITIGROUP INC 0.00% of their portfolio | 200 $1.7k | Unchanged |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 160 $1.4k | Unchanged |
| Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio | 100 $860 | Reduced -6.2k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 60 $587 | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 32 $275 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |