Vault-13

PROSHARES TR TBT

PSHS ULTSH 20YRS · ETP · CUSIP 74347B201

68 institutional holders -16 vs Q4 2023
2,846,8582.8m shares reported held*
$93.9mreported value*
8 new 8 added 25 reduced 23 sold out net sold ≈ $14.4m (-438.1k 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 ≈ $32.99. Options: 8 managers hold calls ($88.9m notional), 5 hold puts ($33.9m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 108Q4 22: 102Q1 23: 87Q2 23: 86Q3 23: 82Q4 23: 84Q1 24: 6868Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022108
Q4 2022102
Q1 202387
Q2 202386
Q3 202382
Q4 202384
Q1 202468

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 34 bought or addedQ4 22: 71 cut or sold outQ4 22Q1 23: 32 bought or addedQ1 23: 54 cut or sold outQ1 23Q2 23: 29 bought or addedQ2 23: 45 cut or sold outQ2 23Q3 23: 30 bought or addedQ3 23: 41 cut or sold outQ3 23Q4 23: 35 bought or addedQ4 23: 41 cut or sold outQ4 23Q1 24: 16 bought or addedQ1 24: 48 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223471
Q1 20233254
Q2 20232945
Q3 20233041
Q4 20233541
Q1 20241648

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 23 calls: $171.3mQ2 23 puts: $117.4mQ2 23P/C 0.69Q3 23 calls: $191.2mQ3 23 puts: $125.2mQ3 23P/C 0.65Q4 23 calls: $230.7mQ4 23 puts: $108.0mQ4 23P/C 0.47Q1 24 calls: $88.9mQ1 24 puts: $33.9mQ1 24P/C 0.38
Numbers
QuarterCallsPutsP/C
Q2 2023$171.3m$117.4m0.69
Q3 2023$191.2m$125.2m0.65
Q4 2023$230.7m$108.0m0.47
Q1 2024$88.9m$33.9m0.38

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS New +602,729+602.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +159,119+159.1k
Sollinda Capital Management LLC New +59,407+59.4k
Park Edge Advisors, LLC Added +55,845+55.8k
ARDSLEY ADVISORY PARTNERS LP New +50,000+50.0k
Cruiser Capital Advisors, LLC New +15,000+15.0k
Ellsworth Advisors, LLC Added +15,000+15.0k
Auour Investments LLC New +6,173+6.2k
CAPTRUST FINANCIAL ADVISORS Added +2,722+2.7k
Headlands Technologies LLC New +534+534

Biggest sellers

SIMPLEX TRADING, LLC Reduced -260,588-260.6k
JANE STREET GROUP, LLC Reduced -257,066-257.1k
CITADEL ADVISORS LLC Reduced -121,771-121.8k
Clark Capital Management Group, Inc. Sold out -111,261-111.3k
MORGAN STANLEY Reduced -98,681-98.7k
Walleye Trading LLC Reduced -75,000-75.0k
Pathstone Holdings, LLC Sold out -70,245-70.2k
WOLVERINE TRADING, LLC Sold out -56,171-56.2k
ENVESTNET ASSET MANAGEMENT INC Sold out -49,360-49.4k
EDMOND DE ROTHSCHILD HOLDING S.A. Sold out -47,500-47.5k

Biggest calls

JANE STREET GROUP, LLC Reduced $42.9m1.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $31.9m966.8k shares
CITADEL ADVISORS LLC Reduced $5.2m156.8k shares
GTS SECURITIES LLC Reduced $4.4m133.9k shares
IMC-Chicago, LLC Reduced $3.7m111.3k shares
Walleye Trading LLC Reduced $824.0k25.0k shares
Cutler Group LLC / CA Reduced $19.0k68.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $28.8m873.5k shares
CITADEL ADVISORS LLC Reduced $3.7m113.0k shares
GTS SECURITIES LLC Reduced $1.1m34.2k shares
HAP Trading, LLC Reduced $272.6k517.3k shares
Cutler Group LLC / CA Reduced $13.0k8.0k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 632,676632.7k $20.9m $20.9m 0.03% Added +159.1k +159,119
2 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 602,729602.7k $19.9m $19.9m 0.02% New
3 CastleKnight Management LP 1.46% of their portfolio New York, NY 300,300300.3k $9.9m $9.9m 1.46% Reduced -14.7k -14,700
4 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 253,742253.7k $8.4m $8.4m 0.01% Reduced -257.1k -257,066
5 Park Edge Advisors, LLC 1.38% of their portfolio Cleveland, OH 149,896149.9k $4.9m $4.9m 1.38% Added +55.8k +55,845
6 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 122,912122.9k $4.1m $4.1m 0.01% Reduced -36.4k -36,388
7 Parallax Volatility Advisers, L.P. 0.10% of their portfolio San Francisco, CA 101,794101.8k $3.4m $3.4m 0.10% Unchanged
8 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 93,82793.8k $3.1m $3.1m 0.00% Reduced -1.6k -1,617
9 Sollinda Capital Management LLC 0.61% of their portfolio HICKORY, NC 59,40759.4k $2.0m $2.0m 0.61% New
10 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 56,63056.6k $1.9m $1.9m 0.00% Reduced -20.0k -19,995
11 ARDSLEY ADVISORY PARTNERS LP 0.24% of their portfolio Norwalk, CT 50,00050.0k $1.6m $1.6m 0.24% New
12 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 48,22948.2k $1.6m $1.6m 0.00% Reduced -121.8k -121,771
13 Camarda Financial Advisors, LLC 0.49% of their portfolio FLEMING ISLAND, FL 37,05837.1k $1.2m $1.2m 0.49% Reduced -802 -802
14 Ellsworth Advisors, LLC 0.33% of their portfolio HUDSON, OH 32,00032.0k $1.2m $1.2m 0.33% Added +15.0k +15,000
15 SIMPLEX TRADING, LLC 0.03% of their portfolio CHICAGO, IL 29,27329.3k $964.0k $964.0k 0.03% Reduced -260.6k -260,588
16 Verity Asset Management, Inc. 0.49% of their portfolio DURHAM, NC 26,71726.7k $880.6k $880.6k 0.49% Reduced -1.0k -1,015
17 CAMELOT TECHNOLOGY ADVISORS, INC. 0.80% of their portfolio SAN FRANCISCO, CA 26,28626.3k $866.4k $866.4k 0.80% Added +195 +195
18 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 18,25918.3k $602.0k $602.0k 0.03% Reduced -23.7k -23,727
19 Ashton Thomas Private Wealth, LLC 0.03% of their portfolio SCOTTSDALE, AZ 17,90217.9k $590.0k $590.0k 0.03% Reduced -1.6k -1,627
20 Gruss & Co., LLC 3.18% of their portfolio WEST PALM BEACH, FL 17,50017.5k $576.8k $576.8k 3.18% Unchanged
21 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 15,21115.2k $501.4k $501.4k 0.01% Reduced -3.5k -3,513
22 Cruiser Capital Advisors, LLC 0.71% of their portfolio Stamford, CT 15,00015.0k $482.1k $482.1k 0.71% New
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 14,43314.4k $475.8k $475.8k 0.00% Reduced -98.7k -98,681
24 FIRST WILSHIRE SECURITIES MANAGEMENT INC 0.13% of their portfolio PASADENA, CA 13,68013.7k $451.0k $451.0k 0.13% Unchanged
25 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 12,00012.0k $395.5k $395.5k 0.00% Unchanged
26 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 11,80011.8k $388.9k $388.9k 0.00% Added +2.7k +2,722
27 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 10,31610.3k $340.0k $340.0k 0.00% Reduced -146 -146
28 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 10,00010.0k $329.6k $329.6k 0.00% Unchanged
29 Capital Investment Counsel, Inc 0.05% of their portfolio RALEIGH, NC 8,8508.8k $291.7k $291.7k 0.05% Unchanged
30 Weinberger Asset Management, Inc 0.12% of their portfolio LOS ANGELES, CA 7,2907.3k $240.3k $240.3k 0.12% Added +79 +79
31 Pine Valley Investments Ltd Liability Co 0.02% of their portfolio MARLTON, NJ 6,7026.7k $220.9k $220.9k 0.02% Reduced -760 -760
32 GABLES CAPITAL MANAGEMENT INC. 0.12% of their portfolio MIAMI, FL 6,5526.6k $216.0k $216.0k 0.12% Unchanged
33 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,5286.5k $215.2k $215.2k 0.00% Reduced -4.9k -4,891
34 Auour Investments LLC 0.08% of their portfolio WOBURN, MA 6,1736.2k $203.5k $203.5k 0.08% New
35 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 5,4505.5k $179.6k $179.6k 0.00% Unchanged
36 Glen Eagle Advisors, LLC 0.03% of their portfolio KINGSTON, NJ 4,3754.4k $144.2k $144.2k 0.03% Unchanged
37 OPTIMUM INVESTMENT ADVISORS 0.03% of their portfolio Chicago, IL 2,2002.2k $72.5k $72.5k 0.03% Unchanged
38 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,1602.2k $71.2k $71.2k 0.00% Added +460 +460
39 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 1,5921.6k $52.5k $52.5k 0.00% Unchanged
40 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,5061.5k $49.6k $49.6k 0.00% Unchanged
41 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,3101.3k $43.2k $43.2k 0.00% Reduced -40 -40
42 REAP Financial Group, LLC 0.01% of their portfolio AUSTIN, TX 1,3071.3k $43.1k $43.1k 0.01% Unchanged
43 TOTH FINANCIAL ADVISORY CORP 0.00% of their portfolio LEESBURG, VA 1,1571.2k $38.1k $38.1k 0.00% Reduced -51 -51
44 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,0001.0k $33.0k $33.0k 0.00% Unchanged
45 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 687687 $22.6k $22.6k 0.00% Reduced -1.1k -1,068
46 Headlands Technologies LLC 0.00% of their portfolio CHICAGO, IL 534534 $17.6k $17.6k 0.00% New
47 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 415415 $13.7k $13.7k 0.00% Added +237 +237
48 Manchester Capital Management LLC 0.00% of their portfolio MANCHESTER, VT 320320 $10.5k $10.5k 0.00% Unchanged
49 Walleye Trading LLC 0.00% of their portfolio NEW YORK, NY 204204 $6.7k $6.7k 0.00% Reduced -75.0k -75,000
50 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 150150 $4.9k $4.9k 0.00% Reduced -500 -500
51 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 137137 $4.5k $4.5k 0.00% Unchanged
52 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 100100 $3.3k $3.3k 0.00% Unchanged
53 Cutler Group LLC / CA 0.00% of their portfolio SAN FRANCISCO, CA 100100 $3.0k $3.0k 0.00% Reduced -25.6k -25,600
54 Archer Investment Corp 0.00% of their portfolio Carmel, IN 7575 $2.5k $2.5k 0.00% Unchanged
55 Global Wealth Strategies & Associates 0.00% of their portfolio DENVER, CO 6868 $2.2k $2.2k 0.00% New
56 Tortoise Investment Management, LLC 0.00% of their portfolio WHITE PLAINS, NY 6262 $2.0k $2.0k 0.00% Unchanged
57 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 5656 $1.9k $1.9k 0.00% Unchanged
58 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 5151 $1.7k $1.7k 0.00% Unchanged
59 LOGAN CAPITAL MANAGEMENT INC 0.00% of their portfolio Newtown Square, PA 5050 $1.6k $1.6k 0.00% Unchanged
60 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 2525 $824 $824 0.00% Unchanged
61 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 2222 $725 $725 0.00% Reduced -8 -8
62 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2222 $717 $717 0.00% Unchanged
63 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 2121 $702 $702 0.00% New
64 Financial Gravity Asset Management, Inc. 0.00% of their portfolio Lakeway, TX 2020 $651 $651 0.00% Reduced -540 -540
65 FMR LLC 0.00% of their portfolio BOSTON, MA 99 $297 $297 0.00% Reduced -27 -27
66 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $33 $33 0.00% Unchanged
67 NATIXIS 0.00% of their portfolio PARIS, I0 11 $33 $33 0.00% Unchanged
68 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged