Vault-13

PROSHARES TR SH

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

192 institutional holders -13 vs Q3 2023
30,452,71630.5m shares reported held*
$395.1mreported value*
35 new 37 added 72 reduced 56 sold out net sold ≈ $145.9m (-11.2m 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 ≈ $12.98. Options: 7 managers hold calls ($5.6m notional), 5 hold puts ($1.4m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 253Q4 22: 254Q1 23: 221Q2 23: 209Q3 23: 205Q4 23: 192192Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022253
Q4 2022254
Q1 2023221
Q2 2023209
Q3 2023205
Q4 2023192

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 23Q4 23: 72 bought or addedQ4 23: 128 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022129140
Q1 2023106137
Q2 202376125
Q3 202398116
Q4 202372128

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ1 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 1.18Q4 23 calls: $5.6mQ4 23 puts: $1.4mQ4 23P/C 0.24
Numbers
QuarterCallsPutsP/C
Q1 2023$10.0m$14.5m1.46
Q2 2023$3.4m$11.9m3.55
Q3 2023$10.7m$12.7m1.18
Q4 2023$5.6m$1.4m0.24

Biggest buyers

CITIZENS FINANCIAL GROUP INC/RI New +580,078+580.1k
STERLING INVESTMENT MANAGEMENT, LLC New +479,205+479.2k
Jump Financial, LLC New +343,528+343.5k
Wakefield Asset Management LLLP New +324,002+324.0k
Econ Financial Services Corp New +304,356+304.4k
Integrated Advisors Network LLC Added +242,311+242.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +220,836+220.8k
CPR Investments Inc. Added +171,352+171.4k
Arete Wealth Advisors, LLC Added +171,164+171.2k
Headlands Technologies LLC Added +159,409+159.4k

Biggest sellers

RIA Advisory Group LLC Sold out -2,411,938-2.4m
GTS SECURITIES LLC Sold out -1,440,532-1.4m
UBS Group AG Reduced -1,272,507-1.3m
Kaydan Wealth Management, Inc. Reduced -1,091,762-1.1m
CITADEL ADVISORS LLC Reduced -607,653-607.7k
Robinson Value Management, Ltd. Sold out -586,875-586.9k
STABLEFORD CAPITAL II LLC Sold out -575,836-575.8k
ONE PLUS ONE WEALTH MANAGEMENT, LLC Reduced -569,072-569.1k
WESTWOOD HOLDINGS GROUP INC Reduced -568,334-568.3k
Mirador Capital Partners LP Reduced -524,127-524.1k

Biggest calls

GTS SECURITIES LLC Reduced $3.5m268.5k shares
WOLVERINE TRADING, LLC Added $1.1m82.4k shares
CITADEL ADVISORS LLC Reduced $541.7k41.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $385.8k29.7k shares
Walleye Trading LLC Added $135.1k10.4k shares
Cutler Group LLC / CA Reduced $3.0k64.1k shares
HAP Trading, LLC Added $4012.1k shares

Biggest puts

Walleye Trading LLC Added $588.4k45.3k shares
GTS SECURITIES LLC Added $528.7k40.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $202.6k15.6k shares
CITADEL ADVISORS LLC Added $33.8k2.6k shares
Cutler Group LLC / CA Reduced $01.1k 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,767,3403.8m $48.9m $48.9m 0.00% Added +111.4k +111,351
2 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,072,8852.1m $26.9m $26.9m 0.01% Reduced -1.3m -1,272,507
3 IMC-Chicago, LLC 0.64% of their portfolio CHICAGO, IL 1,550,3651.6m $20.1m $20.1m 0.64% Reduced -100.7k -100,652
4 WESTWOOD HOLDINGS GROUP INC 0.16% of their portfolio DALLAS, TX 1,451,5091.5m $18.9m $18.9m 0.16% Reduced -568.3k -568,334
5 AE Wealth Management LLC 0.09% of their portfolio TOPEKA, KS 1,371,3791.4m $17.5m $17.5m 0.09% Added +2.0k +2,042
6 Pineridge Advisors LLC 5.37% of their portfolio ST. CHARLES, MO 1,247,9251.2m $16.2m $16.2m 5.37% First filing
7 CPR Investments Inc. 15.43% of their portfolio Rochester, MI 1,225,1391.2m $15.9m $15.9m 15.43% Added +171.4k +171,352
8 InterOcean Capital Group, LLC 0.37% of their portfolio NASHVILLE, TN 1,068,2731.1m $13.9m $13.9m 0.37% Added +15.6k +15,649
9 Arete Wealth Advisors, LLC 0.85% of their portfolio CHICAGO, IL 859,585859.6k $11.2m $11.2m 0.85% Added +171.2k +171,164
10 B. Riley Wealth Advisors, Inc. 0.27% of their portfolio MEMPHIS, TN 758,512758.5k $9.9m $9.9m 0.27% Reduced -339.5k -339,498
11 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 684,463684.5k $8.9m $8.9m 0.01% Reduced -8.6k -8,635
12 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 607,289607.3k $7.9m $7.9m 0.00% Reduced -205.7k -205,680
13 CITIZENS FINANCIAL GROUP INC/RI 0.26% of their portfolio PROVIDENCE, RI 580,078580.1k $7.5m $7.5m 0.26% New
14 Naman Capital Ltda 4.30% of their portfolio Sao Paulo, D5 520,000520.0k $6.8m $6.8m 4.30% Unchanged
15 AXXCESS WEALTH MANAGEMENT, LLC 0.19% of their portfolio CARLSBAD, CA 493,381493.4k $6.4m $6.4m 0.19% Added +4.8k +4,806
16 STERLING INVESTMENT MANAGEMENT, LLC 4.57% of their portfolio TUCSON, AZ 479,205479.2k $6.2m $6.2m 4.57% New
17 FOURPATH CAPITAL MANAGEMENT, LLC 3.30% of their portfolio OKLAHOMA CITY, OK 374,337374.3k $4.9m $4.9m 3.30% Added +1.9k +1,912
18 TELEMUS CAPITAL, LLC 0.38% of their portfolio Southfield, MI 350,636350.6k $4.6m $4.6m 0.38% Reduced -141.0k -140,960
19 Jump Financial, LLC 0.14% of their portfolio Chicago, IL 343,528343.5k $4.5m $4.5m 0.14% New
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 329,137329.1k $4.3m $4.3m 0.01% Added +220.8k +220,836
21 Kaydan Wealth Management, Inc. 1.72% of their portfolio FENTON, MI 326,402326.4k $4.2m $4.2m 1.72% Reduced -1.1m -1,091,762
22 Wakefield Asset Management LLLP 1.56% of their portfolio Englewood, CO 324,002324.0k $4.2m $4.2m 1.56% New
23 OPPENHEIMER & CO INC 0.08% of their portfolio NEW YORK, NY 314,237314.2k $4.1m $4.1m 0.08% Added +65.5k +65,490
24 Beacon Pointe Advisors, LLC 0.05% of their portfolio NEWPORT BEACH, CA 310,424310.4k $4.0m $4.0m 0.05% Reduced -108.5k -108,550
25 ONE PLUS ONE WEALTH MANAGEMENT, LLC 2.45% of their portfolio JUPITER, FL 310,176310.2k $4.0m $4.0m 2.45% Reduced -569.1k -569,072
26 Econ Financial Services Corp 2.78% of their portfolio HARRISBURG, PA 304,356304.4k $4.0m $4.0m 2.78% New
27 TWO SIGMA SECURITIES, LLC 0.18% of their portfolio NEW YORK, NY 296,441296.4k $3.9m $3.9m 0.18% Added +91.8k +91,801
28 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 294,431294.4k $3.8m $3.8m 0.01% Reduced -82.2k -82,175
29 FIRST NATIONAL CORP /MA/ /ADV 0.90% of their portfolio ROCKLAND, MA 283,779283.8k $3.7m $3.7m 0.90% Added +90.4k +90,383
30 SCHOLTZ & COMPANY, LLC 1.81% of their portfolio STAMFORD, CT 281,180281.2k $3.7m $3.7m 1.81% Reduced -36.8k -36,820
31 Capital Wealth Planning, LLC 0.04% of their portfolio NAPLES, FL 261,776261.8k $3.4m $3.4m 0.04% Added +24.3k +24,319
32 Integrated Advisors Network LLC 0.19% of their portfolio DALLAS, TX 259,733259.7k $3.4m $3.4m 0.19% Added +242.3k +242,311
33 Tidal Investments LLC 0.08% of their portfolio Milwaukee, WI 252,345252.3k $3.3m $3.3m 0.08% Reduced -68.0k -67,982
34 Clear Creek Financial Management, LLC 0.48% of their portfolio SILVERDALE, WA 234,345234.3k $3.0m $3.0m 0.48% Added +6.5k +6,540
35 Spectrum Planning & Advisory Services Inc. 4.28% of their portfolio SAN DIEGO, CA 232,729232.7k $3.0m $3.0m 4.28% Unchanged
36 Lowe Wealth Advisors, LLC 1.32% of their portfolio COLUMBIA, MD 205,227205.2k $2.7m $2.7m 1.32% Reduced -40.8k -40,848
37 Mirador Capital Partners LP 0.53% of their portfolio PLEASANTON, CA 191,600191.6k $2.5m $2.5m 0.53% Reduced -524.1k -524,127
38 TAP Consulting, LLC 0.58% of their portfolio KIRKWOOD, MO 186,799186.8k $2.4m $2.4m 0.58% Reduced -44.7k -44,660
39 Freedom Investment Management, Inc. 0.19% of their portfolio SOUTH WINDSOR, CT 181,401181.4k $2.4m $2.4m 0.19% Added +39.6k +39,596
40 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 180,000180.0k $2.3m $2.3m 0.00% Unchanged
41 Lesa Sroufe & Co 2.25% of their portfolio SEATTLE, WA 169,984170.0k $2.2m $2.2m 2.25% Reduced -4.2k -4,193
42 Headlands Technologies LLC 0.65% of their portfolio CHICAGO, IL 167,092167.1k $2.2m $2.2m 0.65% Added +159.4k +159,409
43 VISTA FINANCE, LLC 4.29% of their portfolio Clayton, MO 154,598154.6k $2.0m $2.0m 4.29% Reduced -213.2k -213,181
44 Sound Income Strategies, LLC 0.16% of their portfolio FT LAUDERDALE, FL 152,563152.6k $2.0m $2.0m 0.16% Added +151.6k +151,644
45 TOWNSQUARE CAPITAL LLC 0.03% of their portfolio Lehi, UT 152,056152.1k $2.0m $2.0m 0.03% Reduced -32.8k -32,822
46 Clearview Wealth Advisors LLC 2.30% of their portfolio SALEM, OR 151,557151.6k $2.0m $2.0m 2.30% New
47 Park Edge Advisors, LLC 0.66% of their portfolio Cleveland, OH 146,783146.8k $1.9m $1.9m 0.66% New
48 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 143,797143.8k $1.9m $1.9m 0.00% Reduced -189.3k -189,283
49 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 134,086134.1k $1.7m $1.7m 0.00% Reduced -607.7k -607,653
50 First Heartland Consultants, Inc. 0.20% of their portfolio LAKE ST. LOUIS, MO 128,751128.8k $1.7m $1.7m 0.20% Reduced -3.5k -3,506
51 BlueChip Wealth Advisors LLC 1.15% of their portfolio Milton, GA 126,630126.6k $1.6m $1.6m 1.15% First filing
52 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 124,971125.0k $1.6m $1.6m 0.01% Added +39.5k +39,467
53 Tower Research Capital LLC (TRC) 0.02% of their portfolio NEW YORK, NY 115,694115.7k $1.5m $1.5m 0.02% Added +5.5k +5,504
54 Meridian Wealth Management, LLC 0.10% of their portfolio LEXINGTON, KY 115,502115.5k $1.5m $1.5m 0.10% Reduced -50 -50
55 Lionsbridge Wealth Management LLC 1.04% of their portfolio JACKSONVILLE BEACH, FL 100,303100.3k $1.3m $1.3m 1.04% Reduced -73.0k -72,971
56 Bedell Frazier Investment Counselling, LLC 0.34% of their portfolio Walnut Creek, CA 93,88693.9k $1.2m $1.2m 0.34% New
57 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 83,94883.9k $1.1m $1.1m 0.02% New
58 Laidlaw Wealth Management LLC 0.37% of their portfolio NEW YORK CITY, NY 78,50078.5k $1.0m $1.0m 0.37% New
59 PGIM Custom Harvest LLC 0.03% of their portfolio NEWARK, NJ 78,50078.5k $1.0m $1.0m 0.03% New
60 Vigilare Wealth Management 0.51% of their portfolio SCOTTSDALE, AZ 76,18876.2k $989.7k $989.7k 0.51% Reduced -120.6k -120,629
61 Nicholas Hoffman & Company, LLC. 0.05% of their portfolio ATLANTA, GA 66,89166.9k $868.9k $868.9k 0.05% Unchanged
62 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 65,35565.4k $849.0k $849.0k 0.00% Reduced -360.1k -360,113
63 Coppell Advisory Solutions LLC 0.17% of their portfolio COPPELL, TX 65,20865.2k $847.1k $847.1k 0.17% Added +65.1k +65,108
64 Andina Capital Management, LLC 0.68% of their portfolio LOGAN, UT 60,98461.0k $792.2k $792.2k 0.68% First filing
65 EnRich Financial Partners LLC 0.33% of their portfolio MADISON, WI 60,27760.3k $783.0k $783.0k 0.33% First filing
66 IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 0.70% of their portfolio SINGAPORE, U0 60,00060.0k $779.4k $779.4k 0.70% Unchanged
67 Kovack Advisors, Inc. 0.09% of their portfolio FT. LAUDERDALE, FL 59,11959.1k $768.0k $768.0k 0.09% Reduced -743 -743
68 HBK Sorce Advisory LLC 0.03% of their portfolio ERIE, PA 59,01759.0k $766.6k $766.6k 0.03% Added +121 +121
69 ORG Partners LLC 0.13% of their portfolio ROANOKE, IN 58,12358.1k $755.0k $755.0k 0.13% Added +45.6k +45,616
70 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 57,50057.5k $746.9k $746.9k 0.00% Unchanged
71 Global Retirement Partners, LLC 0.03% of their portfolio San Rafael, CA 54,02554.0k $704.5k $704.5k 0.03% Reduced -4.4k -4,354
72 ARCADIA INVESTMENT MANAGEMENT CORP/MI 0.13% of their portfolio KALAMAZOO, MI 53,26053.3k $691.8k $691.8k 0.13% Reduced -8.2k -8,150
73 Oxbow Advisors, LLC 0.10% of their portfolio Austin, TX 51,63551.6k $670.7k $670.7k 0.10% Added +6.9k +6,915
74 CWM, LLC 0.00% of their portfolio OMAHA, NE 51,59351.6k $670.0k $670.0k 0.00% Reduced -120.5k -120,464
75 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 50,00050.0k $649.5k $649.5k 0.00% Reduced -7.8k -7,825
76 Virtue Capital Management, LLC 0.13% of their portfolio BRENTWOOD, TN 48,45048.5k $640.5k $640.5k 0.13% Reduced -100.1k -100,124
77 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.02% of their portfolio TOKYO, M0 48,00048.0k $623.5k $623.5k 0.02% Reduced -11.5k -11,544
78 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 47,07047.1k $636.4k $636.4k 0.00% Added +12.2k +12,175
79 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 47,04947.0k $611.2k $611.2k 0.01% New
80 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 44,84744.8k $582.6k $582.6k 0.01% Reduced -11.7k -11,710
81 VitalStone Financial, LLC 0.45% of their portfolio SHAVANO PARK, TX 43,48943.5k $565.0k $565.0k 0.45% Reduced -60.5k -60,485
82 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 42,21842.2k $548.4k $548.4k 0.00% Added +5.0k +4,968
83 Fox Hill Wealth Management 0.41% of their portfolio DEDHAM, MA 41,38641.4k $537.6k $537.6k 0.41% First filing
84 ELKHORN PARTNERS LIMITED PARTNERSHIP 0.34% of their portfolio OMAHA, NE 38,00038.0k $494.0k $494.0k 0.34% Unchanged
85 Sepio Capital, LP 0.04% of their portfolio Salt Lake City, UT 38,00038.0k $493.6k $493.6k 0.04% Unchanged
86 Walleye Trading LLC 0.01% of their portfolio NEW YORK, NY 36,65036.6k $476.1k $476.1k 0.01% New
87 COMERICA BANK 0.00% of their portfolio DALLAS, TX 35,98936.0k $467.5k $467.5k 0.00% Reduced -5.8k -5,786
88 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 35,92035.9k $466.6k $466.6k 0.01% Reduced -87.9k -87,894
89 Western Wealth Management, LLC 0.03% of their portfolio GOLDEN, CO 34,64634.6k $450.0k $450.0k 0.03% Reduced -30.5k -30,545
90 Advanced Asset Management Advisors Inc 0.10% of their portfolio DUBLIN, OH 34,00034.0k $441.7k $441.7k 0.10% Unchanged
91 CVA Family Office, LLC 0.08% of their portfolio DENVER, CO 31,43031.4k $408.3k $408.3k 0.08% Unchanged
92 Van Hulzen Asset Management, LLC 0.03% of their portfolio EL DORADO HILLS, CA 30,34130.3k $394.0k $394.0k 0.03% Reduced -546 -546
93 Commonwealth Financial Services, LLC 0.09% of their portfolio VIENNA, WV 30,14030.1k $391.5k $391.5k 0.09% New
94 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 30,00030.0k $389.7k $389.7k 0.00% Unchanged
95 ASPIRIANT, LLC 0.02% of their portfolio San Francisco, CA 30,00030.0k $389.7k $389.7k 0.02% Unchanged
96 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 29,66529.7k $385.0k $385.0k 0.00% Reduced -430.8k -430,776
97 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 29,65129.7k $385.2k $385.2k 0.00% New
98 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 26,90126.9k $229.1k $229.1k 0.00% Reduced -14.1k -14,093
99 Aurora Private Wealth, Inc. 0.29% of their portfolio ROCKAWAY, NJ 23,94123.9k $311.0k $311.0k 0.29% New
100 Cetera Advisors LLC 0.00% of their portfolio DENVER, CO 23,61223.6k $306.7k $306.7k 0.00% Reduced -1.0k -1,004