Vault-13

PROSHARES TR

ULTRAPRO SHT QQQ · CUSIP 74347G192

1 institutional holders -89 vs Q3 2025
17,10517.1k shares reported held*
$1.2mreported value*
0 new 0 added 0 reduced 88 sold out net sold ≈ $1.2bn (-18.0m 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 ≈ $68.50. Options: 0 managers hold calls (— notional), 1 hold puts ($315.1k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q1 24: 1Q2 24: 0Q3 24: 2Q4 24: 71Q1 25: 68Q2 25: 74Q3 25: 90Q4 25: 11Q1 24Q3 24Q1 25Q3 25Q4 25
Numbers
QuarterHolders
Q1 20241
Q2 20240
Q3 20242
Q4 202471
Q1 202568
Q2 202574
Q3 202590
Q4 20251

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 0 bought or addedQ2 24: 1 cut or sold outQ2 24Q3 24: 2 bought or addedQ3 24: 0 cut or sold outQ4 24: 65 bought or addedQ4 24: 2 cut or sold outQ4 24Q1 25: 38 bought or addedQ1 25: 41 cut or sold outQ2 25: 51 bought or addedQ2 25: 38 cut or sold outQ2 25Q3 25: 64 bought or addedQ3 25: 28 cut or sold outQ4 25: 0 bought or addedQ4 25: 88 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q2 202401
Q3 202420
Q4 2024652
Q1 20253841
Q2 20255138
Q3 20256428
Q4 2025088

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ1 25 calls: $570.9mQ1 25 puts: $107.7mQ1 25P/C 0.19Q2 25 calls: $190.6mQ2 25 puts: $157.8mQ2 25P/C 0.83Q3 25 calls: $182.3mQ3 25 puts: $127.4mQ3 25P/C 0.70Q4 25 calls: $0Q4 25 puts: $315.1kQ4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$570.9m$107.7m0.19
Q2 2025$190.6m$157.8m0.83
Q3 2025$182.3m$127.4m0.70
Q4 2025$0$315.1k—

Biggest buyers

None

Biggest sellers

JANE STREET GROUP, LLC Sold out -5,743,703-5.7m
UBS Group AG Sold out -2,248,179-2.2m
Quadrature Capital Ltd Sold out -2,189,526-2.2m
CITIGROUP INC Sold out -714,260-714.3k
FLOW TRADERS U.S. LLC Sold out -672,442-672.4k
Jump Financial, LLC Sold out -564,322-564.3k
Smithfield Trust Co Sold out -559,600-559.6k
TB Alternative Assets Ltd. Sold out -551,130-551.1k
IHT Wealth Management, LLC Sold out -504,200-504.2k
JPMORGAN CHASE & CO Sold out -369,768-369.8k

Biggest calls

None

Biggest puts

Astra Wealth Partners LLC Reduced $315.1k4.6k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capstone Capital Management Ltd 1.13% of their portfolio HONG KONG, K3 17,10517.1k $1.2m $1.2m 1.13% First filing