Vault-13

PROSHARES TR REGL

S&P MDCP 400 DIV · ETP · CUSIP 74347B680

241 institutional holders +11 vs Q3 2025
13,135,78513.1m shares reported held*
$1.1bnreported value*
16 new 74 added 92 reduced 14 sold out net sold ≈ $119.3m (-1.4m 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 ($47.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $84.26.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 155Q4 22: 195Q1 23: 203Q2 23: 208Q3 23: 205Q4 23: 199Q1 24: 214Q2 24: 207Q3 24: 206Q4 24: 210Q1 25: 218Q2 25: 230Q3 25: 230Q4 25: 241241Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022155
Q4 2022195
Q1 2023203
Q2 2023208
Q3 2023205
Q4 2023199
Q1 2024214
Q2 2024207
Q3 2024206
Q4 2024210
Q1 2025218
Q2 2025230
Q3 2025230
Q4 2025241

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 101 bought or addedQ1 24: 85 cut or sold outQ2 24: 74 bought or addedQ2 24: 103 cut or sold outQ2 24Q3 24: 92 bought or addedQ3 24: 86 cut or sold outQ4 24: 102 bought or addedQ4 24: 68 cut or sold outQ4 24Q1 25: 104 bought or addedQ1 25: 76 cut or sold outQ2 25: 121 bought or addedQ2 25: 86 cut or sold outQ2 25Q3 25: 113 bought or addedQ3 25: 85 cut or sold outQ4 25: 90 bought or addedQ4 25: 106 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202410185
Q2 202474103
Q3 20249286
Q4 202410268
Q1 202510476
Q2 202512186
Q3 202511385
Q4 202590106

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $204.8kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$204.8k$00.00
Q4 2025$0$0—

Biggest buyers

TWO SIGMA INVESTMENTS, LP New +49,500+49.5k
Merit Financial Group, LLC New +38,210+38.2k
RAYMOND JAMES FINANCIAL INC Added +26,150+26.1k
Modern Wealth Management, LLC Added +18,987+19.0k
HighPoint Advisor Group LLC New +18,719+18.7k
Dogwood Wealth Management LLC Added +16,666+16.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +16,446+16.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +15,728+15.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +14,146+14.1k
TOTH FINANCIAL ADVISORY CORP Added +10,788+10.8k

Biggest sellers

STIFEL FINANCIAL CORP Reduced -389,316-389.3k
BENJAMIN EDWARDS INC Reduced -335,677-335.7k
COLDSTREAM CAPITAL MANAGEMENT INC Reduced -155,725-155.7k
CONFLUENCE INVESTMENT MANAGEMENT LLC Reduced -133,185-133.2k
UBS Group AG Reduced -101,203-101.2k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -70,886-70.9k
WELLS FARGO & COMPANY/MN Reduced -65,830-65.8k
MORGAN STANLEY Reduced -64,698-64.7k
Cetera Investment Advisers Reduced -49,282-49.3k
Sanctuary Advisors, LLC Reduced -46,028-46.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,249,2032.2m $189.4m $189.4m 0.01% Reduced -64.7k -64,698
2 COLDSTREAM CAPITAL MANAGEMENT INC 2.28% of their portfolio BELLEVUE, WA 2,100,5342.1m $176.9m $176.9m 2.28% Reduced -155.7k -155,725
3 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 704,149704.1k $59.3m $59.3m 0.02% Reduced -38.8k -38,817
4 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 701,556701.6k $59.1m $59.1m 0.02% Added +26.1k +26,150
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 575,895575.9k $48.5m $48.5m 0.03% Added +15.7k +15,728
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 525,092525.1k $44.2m $44.2m 0.00% Reduced -8.9k -8,914
7 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 485,483485.5k $40.9m $40.9m 0.04% Reduced -389.3k -389,316
8 BENJAMIN EDWARDS INC 0.38% of their portfolio Clayton, MO 403,558403.6k $34.0m $34.0m 0.38% Reduced -335.7k -335,677
9 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 398,562398.6k $33.6m $33.6m 0.01% Reduced -65.8k -65,830
10 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 297,298297.3k $25.0m $25.0m 0.04% Added +8.2k +8,194
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 288,903288.9k $24.3m $24.3m 0.00% Reduced -5.4k -5,378
12 &PARTNERS 0.12% of their portfolio NASHVILLE, TN 264,577264.6k $22.3m $22.3m 0.12% Added +2.0k +1,966
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 264,346264.3k $22.3m $22.3m 0.00% Reduced -101.2k -101,203
14 TOTH FINANCIAL ADVISORY CORP 2.09% of their portfolio LEESBURG, VA 227,898227.9k $19.2m $19.2m 2.09% Added +10.8k +10,788
15 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 215,444215.4k $18.1m $18.1m 0.00% Added +8.6k +8,641
16 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 176,499176.5k $14.9m $14.9m 0.02% Reduced -70.9k -70,886
17 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.17% of their portfolio ST. LOUIS, MO 136,371136.4k $11.5m $11.5m 0.17% Reduced -133.2k -133,185
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 135,483135.5k $11.4m $11.4m 0.00% Reduced -5.1k -5,078
19 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 119,366119.4k $10.1m $10.1m 0.01% Reduced -227 -227
20 FAS Wealth Partners, Inc. 0.54% of their portfolio LEAWOOD, KS 99,75999.8k $8.4m $8.4m 0.54% Added +7.0k +6,997
21 Modern Wealth Management, LLC 0.15% of their portfolio KANSAS CITY, MO 96,19496.2k $8.1m $8.1m 0.15% Added +19.0k +18,987
22 Dogwood Wealth Management LLC 3.36% of their portfolio LENEXA, KS 90,61590.6k $7.6m $7.6m 3.36% Added +16.7k +16,666
23 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 78,80378.8k $6.6m $6.6m 0.00% Added +8.6k +8,566
24 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 78,06878.1k $6.6m $6.6m 0.02% Reduced -462 -462
25 SMITH, MOORE & CO. 0.49% of their portfolio CLAYTON, MO 76,29676.3k $6.4m $6.4m 0.49% Reduced -1.7k -1,662
26 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 72,73972.7k $6.1m $6.1m 0.02% Unchanged
27 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 64,89664.9k $5.5m $5.5m 0.01% Added +2.1k +2,134
28 Connecticut Wealth Management, LLC 0.23% of their portfolio FARMINGTON, CT 64,07564.1k $5.4m $5.4m 0.23% Reduced -10.9k -10,940
29 Jacobi Capital Management LLC 0.28% of their portfolio PITTSTON, PA 57,39357.4k $4.8m $4.8m 0.28% Reduced -171 -171
30 SILVER OAK SECURITIES, INCORPORATED 0.33% of their portfolio JACKSON, TN 56,68156.7k $4.8m $4.8m 0.33% Reduced -30.5k -30,474
31 Cascade Financial Partners, LLC 0.47% of their portfolio SAN DIEGO, CA 54,76554.8k $4.6m $4.6m 0.47% Added +2.9k +2,912
32 Capital Advisors, Ltd. LLC 0.51% of their portfolio SHAKER HEIGHTS, OH 53,59153.6k $4.5m $4.5m 0.51% Reduced -479 -479
33 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 49,50049.5k $4.2m $4.2m 0.01% New
34 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 46,87846.9k $3.9m $3.9m 0.02% Reduced -46.0k -46,028
35 World Investment Advisors 0.06% of their portfolio LINCROFT, NJ 45,91745.9k $3.9m $3.9m 0.06% Added +918 +918
36 Avant Capital LLC 2.60% of their portfolio LAFAYETTE, LA 44,95045.0k $3.8m $3.8m 2.60% Reduced -628 -628
37 Gladstone Institutional Advisory LLC 0.14% of their portfolio Bedminster, NJ 44,83344.8k $3.8m $3.8m 0.14% Added +1.8k +1,781
38 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 42,48142.5k $3.6m $3.6m 0.00% Reduced -13.6k -13,557
39 KOM Wealth Management Group, LLC 2.41% of their portfolio APPLETON, WI 40,37140.4k $3.4m $3.4m 2.41% Added +742 +742
40 Essex Financial Services, Inc. 0.19% of their portfolio ESSEX, CT 39,44239.4k $3.3m $3.3m 0.19% Reduced -4.8k -4,778
41 LMG Wealth Partners, LLC 0.62% of their portfolio SHREVEPORT, LA 39,24639.2k $3.3m $3.3m 0.62% Added +730 +730
42 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 38,55938.6k $3.2m $3.2m 0.01% Added +668 +668
43 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 38,53438.5k $3.2m $3.2m 0.00% Reduced -49.3k -49,282
44 United Advisor Group, LLC 0.42% of their portfolio CINCINNATI, OH 38,41838.4k $3.2m $3.2m 0.42% Reduced -9.2k -9,167
45 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 38,21038.2k $3.2m $3.2m 0.03% New
46 PINNACLE ASSOCIATES LTD 0.04% of their portfolio NEW YORK, NY 37,72737.7k $3.2m $3.2m 0.04% Reduced -8.1k -8,136
47 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 35,12335.1k $3.0m $3.0m 0.00% Added +14.1k +14,146
48 Summit Wealth Partners, LLC 0.54% of their portfolio Orlando, FL 34,47234.5k $2.9m $2.9m 0.54% Reduced -2.5k -2,462
49 HARBOUR INVESTMENTS, INC. 0.06% of their portfolio MADISON, WI 34,30834.3k $2.9m $2.9m 0.06% Added +157 +157
50 Landmark Wealth Management, LLC 1.03% of their portfolio MELVILLE, NY 31,90331.9k $2.7m $2.7m 1.03% Added +1.3k +1,280
51 Premier Path Wealth Partners, LLC 0.34% of their portfolio MADISON, NJ 31,58031.6k $2.7m $2.7m 0.34% Reduced -1.3k -1,254
52 Visionary Wealth Advisors 0.12% of their portfolio O'FALLON, IL 30,81330.8k $2.6m $2.6m 0.12% Reduced -44.5k -44,470
53 PRINCIPAL SECURITIES, INC. 0.04% of their portfolio DES MOINES, IA 30,01730.0k $2.5m $2.5m 0.04% Added +2.8k +2,811
54 Dynamic Advisor Solutions LLC 0.07% of their portfolio PHOENIX, AZ 25,59125.6k $2.2m $2.2m 0.07% Reduced -4.2k -4,240
55 Biondo Investment Advisors, LLC 0.26% of their portfolio MILFORD, PA 25,16025.2k $2.1m $2.1m 0.26% Added +1.1k +1,062
56 PMG Wealth Management, Inc. 1.52% of their portfolio Hawthorn Woods, IL 24,68124.7k $2.1m $2.1m 1.52% Added +1.0k +1,020
57 FSA WEALTH PARTNERS, INC. 0.73% of their portfolio Rockville, MD 24,23724.2k $2.0m $2.0m 0.73% Reduced -433 -433
58 Clear Creek Financial Management, LLC 0.17% of their portfolio SILVERDALE, WA 24,01124.0k $2.0m $2.0m 0.17% Reduced -2.9k -2,916
59 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 23,33923.3k $2.0m $2.0m 0.00% Reduced -65 -65
60 VERUS CAPITAL PARTNERS, LLC 0.12% of their portfolio SCOTTSDALE, AZ 22,14722.1k $1.9m $1.9m 0.12% Added +262 +262
61 PFG Investments, LLC 0.08% of their portfolio WOODBURY, NY 21,29121.3k $1.8m $1.8m 0.08% Reduced -60 -60
62 Ameritas Advisory Services, LLC 0.06% of their portfolio Lincoln, NE 20,39820.4k $1.7m $1.7m 0.06% Reduced -692 -692
63 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 19,52719.5k $1.6m $1.6m 0.00% Added +16.4k +16,446
64 HighPoint Advisor Group LLC 0.03% of their portfolio DOWNERS GROVE, IL 18,71918.7k $1.6m $1.6m 0.03% New
65 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 18,20518.2k $1.5m $1.5m 0.01% Reduced -26.2k -26,199
66 HOLLENCREST CAPITAL MANAGEMENT 0.05% of their portfolio NEWPORT BEACH, CA 17,60917.6k $1.5m $1.5m 0.05% Added +125 +125
67 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 17,16617.2k $1.4m $1.4m 0.01% Reduced -768 -768
68 Royal Capital Wealth Management, LLC 0.83% of their portfolio CARMEL, IN 16,63016.6k $1.4m $1.4m 0.83% Reduced -10 -10
69 Tower Wealth Partners, Inc. 0.77% of their portfolio LEWISBURG, PA 16,62916.6k $1.4m $1.4m 0.77% Added +2.0k +1,962
70 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 16,60316.6k $1.4m $1.4m 0.00% Added +2.4k +2,425
71 MLP3, LLC 1.52% of their portfolio LINWOOD, NJ 16,55916.6k $1.4m $1.4m 1.52% First filing
72 WEDBUSH SECURITIES INC 0.04% of their portfolio PASADENA, CA 15,39015.4k $1.3m $1.3m 0.04% Reduced -838 -838
73 Atlas Brown,Inc. 0.37% of their portfolio LOUISVILLE, KY 14,85214.9k $1.3m $1.3m 0.37% Reduced -1.3k -1,318
74 Core Wealth Advisors, Inc. 0.32% of their portfolio LAKELAND, FL 14,65514.7k $1.2m $1.2m 0.32% Added +2.0k +1,964
75 ROMAN BUTLER FULLERTON & CO 0.33% of their portfolio ST LOUIS, MO 14,20314.2k $1.3m $1.3m 0.33% Reduced -46 -46
76 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.06% of their portfolio CEDAR RAPIDS, IA 14,05314.1k $1.2m $1.2m 0.06% Added +783 +783
77 Intrepid Financial Planning Group LLC 0.45% of their portfolio CARMEL, IN 14,04714.0k $1.2m $1.2m 0.45% Added +435 +435
78 Quad-Cities Investment Group, LLC 0.48% of their portfolio DAVENPORT, IA 13,88413.9k $1.2m $1.2m 0.48% Added +932 +932
79 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 12,83412.8k $1.1m $1.1m 0.00% Added +50 +50
80 MSH Capital Advisors LLC 0.23% of their portfolio SCOTTSDALE, AZ 12,52912.5k $1.1m $1.1m 0.23% Added +217 +217
81 WealthPlan Investment Management, LLC 0.07% of their portfolio OMAHA, NE 12,17312.2k $1.0m $1.0m 0.07% Reduced -6.6k -6,610
82 COZAD ASSET MANAGEMENT INC 0.08% of their portfolio CHAMPAIGN, IL 11,76211.8k $990.6k $990.6k 0.08% Reduced -270 -270
83 KRAEMATON INVESTMENT ADVISORS, INC 0.77% of their portfolio BRAINTREE, MA 11,54911.5k $972.6k $972.6k 0.77% Added +577 +577
84 Tempus Wealth Planning, LLC 0.22% of their portfolio IRVINE, CA 11,18411.2k $941.9k $941.9k 0.22% Reduced -449 -449
85 Anson Capital, Inc. 0.65% of their portfolio TYRONE, GA 10,58110.6k $891.2k $891.2k 0.65% Added +3.1k +3,062
86 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 10,49710.5k $884.1k $884.1k 0.00% Reduced -8.7k -8,724
87 Jackson, Grant Investment Advisers, Inc. 0.28% of their portfolio STAMFORD, CT 10,14910.1k $854.7k $854.7k 0.28% Added +18 +18
88 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 9,6949.7k $816.5k $816.5k 0.01% Added +70 +70
89 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 9,1569.2k $723.3k $723.3k 0.02% Reduced -1.6k -1,636
90 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 9,0659.1k $763.5k $763.5k 0.00% Reduced -324 -324
91 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 8,8818.9k $748.0k $748.0k 0.00% Added +3.1k +3,068
92 Northwest Financial Advisors 1.53% of their portfolio HERNDON, VA 8,8198.8k $742.7k $742.7k 1.53% Reduced -1.1k -1,119
93 Key Financial Inc 0.13% of their portfolio WEST CHESTER, PA 8,7398.7k $736.0k $736.0k 0.13% Reduced -150 -150
94 Harvest Investment Services, LLC 0.14% of their portfolio Oakbrook Terrace, IL 8,5828.6k $722.8k $722.8k 0.14% Reduced -1.4k -1,434
95 PERSPECTIVE WEALTH ADVISORS LLC 0.50% of their portfolio LOVELAND, CO 8,3898.4k $706.5k $706.5k 0.50% First filing
96 L & S Advisors Inc 0.07% of their portfolio Los Angeles, CA 8,3788.4k $705.6k $705.6k 0.07% Reduced -150 -150
97 Clarus Wealth Advisors 0.30% of their portfolio PEORIA, AZ 8,3638.4k $728.6k $728.6k 0.30% Added +1.5k +1,535
98 Parcion Private Wealth LLC 0.04% of their portfolio BELLEVUE, WA 8,3458.3k $702.8k $702.8k 0.04% Unchanged
99 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 8,2718.3k $696.5k $696.5k 0.00% Added +5.6k +5,554
100 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 7,9698.0k $671.1k $671.1k 0.00% Added +3.8k +3,814