Vault-13

PROSHARES TR DOG

PSHS SHORT DOW30 · ETP · CUSIP 74347B235

30 institutional holders +9 vs Q4 2025
1,893,8471.9m shares reported held*
$46.2mreported value*
17 new 9 added 2 reduced 7 sold out net bought ≈ $30.0m (+1.2m 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 ≈ $24.41. Options: 3 managers hold calls ($849.8k notional), 2 hold puts ($881.6k).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 47Q4 22: 45Q1 23: 33Q2 23: 30Q3 23: 32Q4 23: 31Q1 24: 30Q2 24: 27Q3 24: 22Q4 24: 20Q1 25: 29Q2 25: 23Q3 25: 26Q4 25: 21Q1 26: 3030Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202247
Q4 202245
Q1 202333
Q2 202330
Q3 202332
Q4 202331
Q1 202430
Q2 202427
Q3 202422
Q4 202420
Q1 202529
Q2 202523
Q3 202526
Q4 202521
Q1 202630

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 11 bought or addedQ2 24: 16 cut or sold outQ3 24: 11 bought or addedQ3 24: 16 cut or sold outQ3 24Q4 24: 13 bought or addedQ4 24: 14 cut or sold outQ1 25: 18 bought or addedQ1 25: 8 cut or sold outQ1 25Q2 25: 13 bought or addedQ2 25: 18 cut or sold outQ3 25: 16 bought or addedQ3 25: 12 cut or sold outQ3 25Q4 25: 15 bought or addedQ4 25: 17 cut or sold outQ1 26: 26 bought or addedQ1 26: 9 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241116
Q3 20241116
Q4 20241314
Q1 2025188
Q2 20251318
Q3 20251612
Q4 20251517
Q1 2026269

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ2 25 calls: $1.5mQ2 25 puts: $272.6kQ2 25P/C 0.18Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $855.0kQ4 25P/C —Q1 26 calls: $849.8kQ1 26 puts: $881.6kQ1 26P/C 1.04
Numbers
QuarterCallsPutsP/C
Q2 2025$1.5m$272.6k0.18
Q3 2025$0$0—
Q4 2025$0$855.0k—
Q1 2026$849.8k$881.6k1.04

Biggest buyers

Arkadios Wealth Advisors New +391,502+391.5k
Jump Financial, LLC New +340,977+341.0k
LPL Financial LLC New +140,965+141.0k
MORGAN STANLEY Added +94,230+94.2k
RENAISSANCE TECHNOLOGIES LLC New +85,600+85.6k
UBS Group AG Added +81,272+81.3k
HighTower Advisors, LLC New +79,220+79.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +59,412+59.4k
Tower Research Capital LLC (TRC) Added +58,687+58.7k
Generation Capital Management LLC New +57,000+57.0k

Biggest sellers

OPPENHEIMER & CO INC Sold out -197,935-197.9k
JANE STREET GROUP, LLC Sold out -36,610-36.6k
Sugar Maple Asset Management, LLC Reduced -27,000-27.0k
Quadrature Capital Ltd Sold out -26,491-26.5k
TWO SIGMA SECURITIES, LLC Sold out -18,477-18.5k
Range Financial Group LLC Sold out -15,447-15.4k
Squarepoint Ops LLC Sold out -13,927-13.9k
BNP PARIBAS FINANCIAL MARKETS Reduced -5,355-5.4k
Kestra Advisory Services, LLC Sold out -1,161-1.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $344.3k14.1k shares
CITADEL ADVISORS LLC New $258.9k10.6k shares
JANE STREET GROUP, LLC New $246.6k10.1k shares

Biggest puts

CITADEL ADVISORS LLC Unchanged $459.1k18.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $422.5k17.3k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Arkadios Wealth Advisors 0.16% of their portfolio ATLANTA, GA 391,502391.5k $9.6m $9.6m 0.16% New
2 Jump Financial, LLC 0.12% of their portfolio Chicago, IL 340,977341.0k $8.3m $8.3m 0.12% New
3 UBS Group AG 0.00% of their portfolio ZURICH, V8 206,769206.8k $5.0m $5.0m 0.00% Added +81.3k +81,272
4 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 140,965141.0k $3.4m $3.4m 0.00% New
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 139,462139.5k $3.4m $3.4m 0.00% Added +94.2k +94,230
6 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 85,60085.6k $2.1m $2.1m 0.00% New
7 Tower Research Capital LLC (TRC) 0.05% of their portfolio NEW YORK, NY 79,94279.9k $2.0m $2.0m 0.05% Added +58.7k +58,687
8 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 79,22079.2k $1.9m $1.9m 0.00% New
9 Sugar Maple Asset Management, LLC 0.93% of their portfolio SISTER BAY, WI 63,00063.0k $1.5m $1.5m 0.93% Reduced -27.0k -27,000
10 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 59,41259.4k $1.5m $1.5m 0.00% New
11 Generation Capital Management LLC 1.02% of their portfolio PITTSFORD, NY 57,00057.0k $1.4m $1.4m 1.02% New
12 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 53,03253.0k $1.3m $1.3m 0.00% Added +17.9k +17,850
13 J2 Capital Management Inc 0.66% of their portfolio TROY, MI 39,22639.2k $957.9k $957.9k 0.66% New
14 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 31,08631.1k $759.0k $759.0k 0.02% New
15 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 22,25922.3k $543.6k $543.6k 0.01% New
16 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 19,14419.1k $467.5k $467.5k 0.00% New
17 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 16,02616.0k $391.4k $391.4k 0.00% New
18 Fox Hill Wealth Management 0.19% of their portfolio DEDHAM, MA 15,85315.9k $387.1k $387.1k 0.19% Added +4.8k +4,847
19 Graves Light Lenhart Wealth, Inc. 0.04% of their portfolio HARRISONBURG, VA 14,40814.4k $351.8k $351.8k 0.04% Added +60 +60
20 Sunpointe, LLC 0.11% of their portfolio ST. LOUIS, MO 14,23214.2k $347.5k $347.5k 0.11% New
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,11311.1k $278.2k $278.2k 0.00% Added +5.5k +5,546
22 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 9,5009.5k $215.3k $215.3k 0.01% New
23 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 1,5461.5k $37.8k $37.8k 0.00% Added +1.5k +1,500
24 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 1,0031.0k $24.5k $24.5k 0.00% Added +997 +997
25 Union Bancaire Privee, UBP SA 0.00% of their portfolio GENEVA 1, V8 1,0001.0k $20.0k $20.0k 0.00% Unchanged
26 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 399399 $9.7k $9.7k 0.00% Reduced -5.4k -5,355
27 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 6767 $1.6k $1.6k 0.00% New
28 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 5959 $1.4k $1.4k 0.00% New
29 MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADV 0.00% of their portfolio CARLSBAD, CA 2525 $611 $611 0.00% Unchanged
30 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2020 $488 $488 0.00% New