Vault-13

PROSHARES TR SH

SHORT S&P 500 NE · ETP · CUSIP 74347B425

205 institutional holders -4 vs Q2 2023
40,146,56940.1m shares reported held*
$581.1mreported value*
47 new 51 added 65 reduced 51 sold out net sold ≈ $58.8m (-5.6m 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 ($95.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.47. Options: 7 managers hold calls ($10.7m notional), 5 hold puts ($12.7m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 253Q4 22: 254Q1 23: 221Q2 23: 209Q3 23: 205205Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022253
Q4 2022254
Q1 2023221
Q2 2023209
Q3 2023205

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 129 bought or addedQ4 22: 140 cut or sold outQ4 22Q1 23: 106 bought or addedQ1 23: 137 cut or sold outQ1 23Q2 23: 76 bought or addedQ2 23: 125 cut or sold outQ2 23Q3 23: 98 bought or addedQ3 23: 116 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022129140
Q1 2023106137
Q2 202376125
Q3 202398116

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ4 22 calls: $7.8mQ4 22 puts: $2.8mQ4 22P/C 0.36Q1 23 calls: $10.0mQ1 23 puts: $14.5mQ1 23P/C 1.46Q2 23 calls: $3.4mQ2 23 puts: $11.9mQ2 23P/C 3.55Q3 23 calls: $10.7mQ3 23 puts: $12.7mQ3 23P/C 1.18
Numbers
QuarterCallsPutsP/C
Q4 2022$7.8m$2.8m0.36
Q1 2023$10.0m$14.5m1.46
Q2 2023$3.4m$11.9m3.55
Q3 2023$10.7m$12.7m1.18

Biggest buyers

RIA Advisory Group LLC Added +2,368,947+2.4m
WESTWOOD HOLDINGS GROUP INC New +2,019,843+2.0m
GTS SECURITIES LLC Added +1,338,399+1.3m
ONE PLUS ONE WEALTH MANAGEMENT, LLC New +879,248+879.2k
Arete Wealth Advisors, LLC New +688,421+688.4k
ENVESTNET ASSET MANAGEMENT INC Added +665,370+665.4k
Robinson Value Management, Ltd. New +586,875+586.9k
CITADEL ADVISORS LLC Added +572,340+572.3k
HRT FINANCIAL LP New +460,441+460.4k
Beacon Pointe Advisors, LLC New +418,974+419.0k

Biggest sellers

MORGAN STANLEY Reduced -3,066,225-3.1m
Baird Financial Group, Inc. Sold out -2,426,800-2.4m
Prostatis Group LLC Sold out -1,721,512-1.7m
B. Riley Wealth Advisors, Inc. Reduced -1,300,910-1.3m
HighTower Advisors, LLC Reduced -1,222,405-1.2m
UBS Group AG Reduced -722,669-722.7k
Spectrum Asset Management, Inc. (NB/CA) Sold out -659,551-659.6k
CITIZENS FINANCIAL GROUP INC/RI Sold out -642,939-642.9k
HCR Wealth Advisors Sold out -602,660-602.7k
Kaydan Wealth Management, Inc. Reduced -531,104-531.1k

Biggest calls

GTS SECURITIES LLC New $4.1m286.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.5m245.1k shares
CITADEL ADVISORS LLC Added $1.9m128.2k shares
WOLVERINE TRADING, LLC Reduced $973.8k67.3k shares
Walleye Trading LLC Unchanged $147.6k10.2k shares
Cutler Group LLC / CA Reduced $73.0k89.9k shares
HAP Trading, LLC Reduced $1.7k11.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $11.7m811.8k shares
Walleye Trading LLC Added $509.3k35.2k shares
GTS SECURITIES LLC New $408.1k28.2k shares
CITADEL ADVISORS LLC Unchanged $15.9k1.1k shares
Cutler Group LLC / CA Reduced $3.0k5.9k 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 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,655,9893.7m $52.9m $52.9m 0.01% Reduced -3.1m -3,066,225
2 UBS Group AG 0.02% of their portfolio ZURICH, V8 3,345,3923.3m $48.4m $48.4m 0.02% Reduced -722.7k -722,669
3 RIA Advisory Group LLC 15.62% of their portfolio Des Moines, IA 2,411,9382.4m $34.9m $34.9m 15.62% Added +2.4m +2,368,947
4 WESTWOOD HOLDINGS GROUP INC 0.27% of their portfolio DALLAS, TX 2,019,8432.0m $29.2m $29.2m 0.27% New
5 IMC-Chicago, LLC 1.54% of their portfolio CHICAGO, IL 1,651,0171.7m $23.9m $23.9m 1.54% Reduced -472.1k -472,130
6 GTS SECURITIES LLC 0.43% of their portfolio NEW YORK, NY 1,440,5321.4m $20.8m $20.8m 0.43% Added +1.3m +1,338,399
7 Kaydan Wealth Management, Inc. 8.19% of their portfolio FENTON, MI 1,418,1641.4m $20.5m $20.5m 8.19% Reduced -531.1k -531,104
8 AE Wealth Management LLC 0.12% of their portfolio TOPEKA, KS 1,369,3371.4m $19.8m $19.8m 0.12% Added +185.6k +185,636
9 B. Riley Wealth Advisors, Inc. 0.43% of their portfolio MEMPHIS, TN 1,098,0101.1m $15.9m $15.9m 0.43% Reduced -1.3m -1,300,910
10 CPR Investments Inc. 16.38% of their portfolio Rochester, MI 1,053,7871.1m $15.2m $15.2m 16.38% Added +92.8k +92,842
11 InterOcean Capital Group, LLC 0.47% of their portfolio NASHVILLE, TN 1,052,6241.1m $15.2m $15.2m 0.47% Reduced -136.5k -136,543
12 ONE PLUS ONE WEALTH MANAGEMENT, LLC 8.28% of their portfolio JUPITER, FL 879,248879.2k $12.7m $12.7m 8.28% New
13 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 812,969813.0k $11.8m $11.8m 0.01% Added +665.4k +665,370
14 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 741,739741.7k $10.7m $10.7m 0.01% Added +572.3k +572,340
15 Mirador Capital Partners LP 2.36% of their portfolio PLEASANTON, CA 715,727715.7k $10.4m $10.4m 2.36% Added +100.4k +100,394
16 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 693,098693.1k $10.0m $10.0m 0.01% Added +67.4k +67,390
17 Arete Wealth Advisors, LLC 1.72% of their portfolio CHICAGO, IL 688,421688.4k $10.0m $10.0m 1.72% New
18 Robinson Value Management, Ltd. 6.32% of their portfolio SAN ANTONIO, TX 586,875586.9k $8.5m $8.5m 6.32% New
19 STABLEFORD CAPITAL II LLC 4.00% of their portfolio SCOTTSDALE, AZ 575,836575.8k $8.7m $8.7m 4.00% Added +41.1k +41,083
20 Naman Capital Ltda 6.01% of their portfolio Sao Paulo, D5 520,000520.0k $7.5m $7.5m 6.01% Unchanged
21 TELEMUS CAPITAL, LLC 0.66% of their portfolio Southfield, MI 491,596491.6k $7.1m $7.1m 0.66% Reduced -490.3k -490,314
22 AXXCESS WEALTH MANAGEMENT, LLC 0.24% of their portfolio CARLSBAD, CA 488,575488.6k $7.1m $7.1m 0.24% Reduced -2.6k -2,558
23 HRT FINANCIAL LP 0.07% of their portfolio NEW YORK, NY 460,441460.4k $6.7m $6.7m 0.07% New
24 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 425,468425.5k $6.2m $6.2m 0.01% Added +133.3k +133,316
25 Beacon Pointe Advisors, LLC 0.08% of their portfolio NEWPORT BEACH, CA 418,974419.0k $6.1m $6.1m 0.08% New
26 Compass Financial Group, Inc. 3.50% of their portfolio DEERFIELD BEACH, FL 398,160398.2k $5.8m $5.8m 3.50% Added +2.8k +2,791
27 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 376,606376.6k $5.4m $5.4m 0.02% Added +124.7k +124,715
28 FOURPATH CAPITAL MANAGEMENT, LLC 4.04% of their portfolio OKLAHOMA CITY, OK 372,425372.4k $5.4m $5.4m 4.04% New
29 VISTA FINANCE, LLC 7.76% of their portfolio Clayton, MO 367,779367.8k $5.3m $5.3m 7.76% Reduced -4.9k -4,896
30 Foundations Investment Advisors, LLC 0.15% of their portfolio PHOENIX, AZ 333,489333.5k $4.8m $4.8m 0.15% Reduced -178.7k -178,719
31 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 333,080333.1k $4.8m $4.8m 0.01% Reduced -1.2m -1,222,405
32 Tidal Investments LLC 0.14% of their portfolio Milwaukee, WI 320,327320.3k $4.6m $4.6m 0.14% New
33 SCHOLTZ & COMPANY, LLC 3.03% of their portfolio STAMFORD, CT 318,000318.0k $4.6m $4.6m 3.03% Reduced -42.3k -42,315
34 OPPENHEIMER & CO INC 0.07% of their portfolio NEW YORK, NY 248,747248.7k $3.6m $3.6m 0.07% Added +16.9k +16,859
35 Lowe Wealth Advisors, LLC 1.89% of their portfolio COLUMBIA, MD 246,075246.1k $3.6m $3.6m 1.89% Reduced -12.4k -12,404
36 DRW Securities, LLC 0.28% of their portfolio CHICAGO, IL 244,484244.5k $3.5m $3.5m 0.28% Reduced -486.1k -486,083
37 Capital Wealth Planning, LLC 0.04% of their portfolio NAPLES, FL 237,457237.5k $3.4m $3.4m 0.04% Reduced -32.6k -32,598
38 Spectrum Planning & Advisory Services Inc. 5.31% of their portfolio SAN DIEGO, CA 232,729232.7k $3.4m $3.4m 5.31% Reduced -22.0k -21,992
39 TAP Consulting, LLC 0.86% of their portfolio KIRKWOOD, MO 231,459231.5k $3.3m $3.3m 0.86% Reduced -4.7k -4,671
40 Clear Creek Financial Management, LLC 0.58% of their portfolio SILVERDALE, WA 227,805227.8k $3.3m $3.3m 0.58% Added +2.2k +2,228
41 Trek Financial, LLC 0.29% of their portfolio Scottsdale, AZ 217,424217.4k $3.1m $3.1m 0.29% New
42 TWO SIGMA SECURITIES, LLC 0.14% of their portfolio NEW YORK, NY 204,640204.6k $3.0m $3.0m 0.14% Added +163.0k +163,044
43 Vigilare Wealth Management 1.82% of their portfolio SCOTTSDALE, AZ 196,817196.8k $2.8m $2.8m 1.82% Added +4.7k +4,701
44 FIRST NATIONAL CORP /MA/ /ADV 0.75% of their portfolio ROCKLAND, MA 193,396193.4k $2.8m $2.8m 0.75% Added +87.9k +87,877
45 PVG ASSET MANAGEMENT CORP 18.90% of their portfolio GOLDEN, CO 191,665191.7k $2.8m $2.8m 18.90% Added +172.7k +172,695
46 TOWNSQUARE CAPITAL LLC 0.05% of their portfolio Lehi, UT 184,878184.9k $2.7m $2.7m 0.05% New
47 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 180,000180.0k $2.6m $2.6m 0.00% Unchanged
48 Lesa Sroufe & Co 2.70% of their portfolio SEATTLE, WA 174,177174.2k $2.5m $2.5m 2.70% Reduced -1.5k -1,482
49 Lionsbridge Wealth Management LLC 2.38% of their portfolio JACKSONVILLE BEACH, FL 173,274173.3k $2.5m $2.5m 2.38% Added +159.1k +159,116
50 Verity Asset Management, Inc. 1.84% of their portfolio DURHAM, NC 172,524172.5k $2.5m $2.5m 1.84% New
51 CWM, LLC 0.02% of their portfolio OMAHA, NE 172,057172.1k $2.5m $2.5m 0.02% Added +22.7k +22,720
52 DFPG INVESTMENTS, LLC 0.23% of their portfolio SANDY, UT 169,675169.7k $2.4m $2.4m 0.23% Added +139.0k +138,967
53 Solstein Capital, LLC 1.95% of their portfolio Menlo Park, CA 156,442156.4k $2.3m $2.3m 1.95% Reduced -133.0k -133,042
54 Virtue Capital Management, LLC 0.35% of their portfolio BRENTWOOD, TN 148,574148.6k $2.1m $2.1m 0.35% Unchanged
55 Dynamic Advisor Solutions LLC 0.10% of their portfolio PHOENIX, AZ 145,613145.6k $2.1m $2.1m 0.10% New
56 Freedom Investment Management, Inc. 0.25% of their portfolio SOUTH WINDSOR, CT 141,805141.8k $2.1m $2.1m 0.25% Added +96.6k +96,586
57 United Asset Strategies, Inc. 0.26% of their portfolio GARDEN CITY, NY 138,169138.2k $2.0m $2.0m 0.26% Reduced -11.7k -11,684
58 First Heartland Consultants, Inc. 0.24% of their portfolio LAKE ST. LOUIS, MO 132,257132.3k $1.9m $1.9m 0.24% Added +12.1k +12,133
59 Advisory Services Network, LLC 0.05% of their portfolio ATLANTA, GA 123,814123.8k $1.8m $1.8m 0.05% Added +76.5k +76,523
60 Meridian Wealth Management, LLC 0.10% of their portfolio LEXINGTON, KY 115,552115.6k $1.7m $1.7m 0.10% Reduced -53 -53
61 Tower Research Capital LLC (TRC) 0.05% of their portfolio NEW YORK, NY 110,190110.2k $1.6m $1.6m 0.05% Added +65.2k +65,238
62 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 108,301108.3k $1.6m $1.6m 0.00% New
63 VitalStone Financial, LLC 1.24% of their portfolio SHAVANO PARK, TX 103,974104.0k $1.5m $1.5m 1.24% Reduced -150.8k -150,760
64 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 85,50485.5k $1.2m $1.2m 0.01% Reduced -121.6k -121,578
65 CANTOR FITZGERALD, L. P. 0.03% of their portfolio NEW YORK, NY 85,00085.0k $1.2m $1.2m 0.03% New
66 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 80,19280.2k $1.2m $1.2m 0.00% Unchanged
67 Harvest Investment Services, LLC 0.69% of their portfolio Oakbrook Terrace, IL 74,59174.6k $1.1m $1.1m 0.69% Reduced -239.5k -239,477
68 Nicholas Hoffman & Company, LLC. 0.07% of their portfolio ATLANTA, GA 66,89166.9k $967.9k $967.9k 0.07% Unchanged
69 Western Wealth Management, LLC 0.08% of their portfolio GOLDEN, CO 65,19165.2k $943.3k $943.3k 0.08% Reduced -9.4k -9,415
70 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 61,76261.8k $893.7k $893.7k 0.01% Reduced -135.6k -135,638
71 ARCADIA INVESTMENT MANAGEMENT CORP/MI 0.19% of their portfolio KALAMAZOO, MI 61,41061.4k $888.6k $888.6k 0.19% Added +10.8k +10,750
72 CENTRAL TRUST Co 0.03% of their portfolio JEFFERSON CITY, MO 61,18061.2k $885.3k $885.3k 0.03% Reduced -15.0k -15,030
73 IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 0.94% of their portfolio SINGAPORE, U0 60,00060.0k $868.2k $868.2k 0.94% Unchanged
74 Kovack Advisors, Inc. 0.12% of their portfolio FT. LAUDERDALE, FL 59,86259.9k $866.2k $866.2k 0.12% Added +29.7k +29,714
75 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.03% of their portfolio TOKYO, M0 59,54459.5k $861.6k $861.6k 0.03% Reduced -21.7k -21,722
76 HBK Sorce Advisory LLC 0.04% of their portfolio ERIE, PA 58,89658.9k $852.2k $852.2k 0.04% Reduced -111.1k -111,128
77 Global Retirement Partners, LLC 0.04% of their portfolio San Rafael, CA 58,37958.4k $850.6k $850.6k 0.04% Added +57.9k +57,860
78 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 57,82557.8k $836.7k $836.7k 0.00% Added +7.8k +7,825
79 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 57,50057.5k $832.0k $832.0k 0.00% Reduced -5.0k -5,000
80 Intellectus Partners, LLC 0.26% of their portfolio SAN FRANCISCO, CA 56,75656.8k $821.3k $821.3k 0.26% Reduced -3.0k -3,023
81 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 56,55756.6k $818.4k $818.4k 0.02% Added +35.7k +35,733
82 TRUE Private Wealth Advisors 0.11% of their portfolio Salem, OR 54,92754.9k $794.8k $794.8k 0.11% Reduced -5.9k -5,913
83 Hilton Capital Management, LLC 0.10% of their portfolio Garden City, NY 50,50550.5k $730.8k $730.8k 0.10% Unchanged
84 PFG Investments, LLC 0.13% of their portfolio WOODBURY, NY 48,98849.0k $708.9k $708.9k 0.13% Added +10.4k +10,420
85 Kingsview Wealth Management, LLC 0.02% of their portfolio GRANTS PASS, OR 47,39247.4k $685.8k $685.8k 0.02% Unchanged
86 Oxbow Advisors, LLC 0.10% of their portfolio Austin, TX 44,72044.7k $647.1k $647.1k 0.10% Added +3.2k +3,190
87 Aveo Capital Partners, LLC 0.08% of their portfolio ENGLEWOOD, CO 42,40342.4k $613.6k $613.6k 0.08% New
88 COMERICA BANK 0.00% of their portfolio DALLAS, TX 41,77541.8k $604.5k $604.5k 0.00% New
89 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 40,99441.0k $593.2k $593.2k 0.01% Reduced -12.7k -12,683
90 ELKHORN PARTNERS LIMITED PARTNERSHIP 0.36% of their portfolio OMAHA, NE 38,00038.0k $550.0k $550.0k 0.36% Unchanged
91 Sepio Capital, LP 0.05% of their portfolio Salt Lake City, UT 38,00038.0k $549.9k $549.9k 0.05% Unchanged
92 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 37,25037.2k $539.0k $539.0k 0.00% Reduced -51.8k -51,823
93 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 34,89534.9k $491.3k $491.3k 0.00% Added +75 +75
94 Advanced Asset Management Advisors Inc 0.12% of their portfolio DUBLIN, OH 34,00034.0k $492.0k $492.0k 0.12% Unchanged
95 CVA Family Office, LLC 0.10% of their portfolio DENVER, CO 31,43031.4k $454.8k $454.8k 0.10% Unchanged
96 Van Hulzen Asset Management, LLC 0.03% of their portfolio EL DORADO HILLS, CA 30,88730.9k $447.0k $447.0k 0.03% Added +3.5k +3,467
97 Mayflower Financial Advisors, LLC 0.07% of their portfolio BOSTON, MA 30,60030.6k $442.8k $442.8k 0.07% Reduced -2.0k -2,000
98 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 30,00030.0k $434.1k $434.1k 0.00% Unchanged
99 MONTAG A & ASSOCIATES INC 0.03% of their portfolio ATLANTA, GA 30,00030.0k $434.1k $434.1k 0.03% Unchanged
100 ASPIRIANT, LLC 0.02% of their portfolio San Francisco, CA 30,00030.0k $434.1k $434.1k 0.02% New