Vault-13

PROSHARES TR

ULTRASHRT S&P500 · CUSIP 74347G416

78 institutional holders +7 vs Q2 2023
3,906,8793.9m shares reported held*
$144.7mreported value*
21 new 16 added 20 reduced 14 sold out net bought ≈ $30.3m (+816.1k 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 ≈ $37.03. Options: 5 managers hold calls ($17.5m notional), 4 hold puts ($24.3m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 90Q4 22: 86Q1 23: 91Q2 23: 71Q3 23: 7878Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202290
Q4 202286
Q1 202391
Q2 202371
Q3 202378

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 42 bought or addedQ4 22: 53 cut or sold outQ4 22Q1 23: 57 bought or addedQ1 23: 40 cut or sold outQ1 23Q2 23: 35 bought or addedQ2 23: 55 cut or sold outQ2 23Q3 23: 37 bought or addedQ3 23: 34 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20224253
Q1 20235740
Q2 20233555
Q3 20233734

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ4 22 calls: $51.4mQ4 22 puts: $30.1mQ4 22P/C 0.59Q1 23 calls: $24.0mQ1 23 puts: $28.9mQ1 23P/C 1.20Q2 23 calls: $5.7mQ2 23 puts: $14.8mQ2 23P/C 2.61Q3 23 calls: $17.5mQ3 23 puts: $24.3mQ3 23P/C 1.39
Numbers
QuarterCallsPutsP/C
Q4 2022$51.4m$30.1m0.59
Q1 2023$24.0m$28.9m1.20
Q2 2023$5.7m$14.8m2.61
Q3 2023$17.5m$24.3m1.39

Biggest buyers

IMC-Chicago, LLC New +414,950+414.9k
PATHSTONE FAMILY OFFICE, LLC New +408,933+408.9k
RAYMOND JAMES & ASSOCIATES New +172,962+173.0k
JUNCTURE WEALTH STRATEGIES, LLC New +118,513+118.5k
Sowell Financial Services LLC New +45,196+45.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +41,487+41.5k
ENVESTNET ASSET MANAGEMENT INC New +36,425+36.4k
TOWNSQUARE CAPITAL LLC New +31,237+31.2k
GABELLI & Co INVESTMENT ADVISERS, INC. New +25,600+25.6k
PVG ASSET MANAGEMENT CORP New +24,580+24.6k

Biggest sellers

Squarepoint Ops LLC Reduced -166,043-166.0k
DRW Securities, LLC Sold out -84,453-84.5k
GTS SECURITIES LLC Reduced -65,235-65.2k
MANCHESTER FINANCIAL INC Reduced -53,786-53.8k
Belpointe Asset Management LLC Sold out -50,251-50.3k
Mutual Advisors, LLC Sold out -37,897-37.9k
Silverleafe Capital Partners, LLC Sold out -36,512-36.5k
Walleye Capital LLC Sold out -26,460-26.5k
Cadent Capital Advisors, LLC Reduced -18,478-18.5k
Vontobel Holding Ltd. Sold out -16,463-16.5k

Biggest calls

CITADEL ADVISORS LLC Added $8.3m224.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.3m224.1k shares
GTS SECURITIES LLC New $709.5k19.1k shares
Cutler Group LLC / CA Reduced $125.0k47.0k shares
HAP Trading, LLC New $17.6k16.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $23.5m632.7k shares
CITADEL ADVISORS LLC Added $452.7k12.2k shares
GTS SECURITIES LLC New $408.2k11.0k shares
Cutler Group LLC / CA Added $1.0k2.7k 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 MANCHESTER FINANCIAL INC 9.63% of their portfolio Westlake Village, CA 883,289883.3k $32.8m $32.8m 9.63% Reduced -53.8k -53,786
2 IMC-Chicago, LLC 0.99% of their portfolio CHICAGO, IL 414,950414.9k $15.4m $15.4m 0.99% New
3 PATHSTONE FAMILY OFFICE, LLC 0.12% of their portfolio ENGLEWOOD, NJ 408,933408.9k $15.2m $15.2m 0.12% New
4 Bedell Frazier Investment Counselling, LLC 3.68% of their portfolio Walnut Creek, CA 331,627331.6k $12.3m $12.3m 3.68% Reduced -2.6k -2,613
5 Cadent Capital Advisors, LLC 5.80% of their portfolio TULSA, OK 321,872321.9k $11.9m $11.9m 5.80% Reduced -18.5k -18,478
6 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 172,962173.0k $6.4m $6.4m 0.01% New
7 GARNET EQUITY CAPITAL HOLDINGS, INC. 4.11% of their portfolio NEW YORK, NY 120,000120.0k $4.5m $4.5m 4.11% Unchanged
8 JUNCTURE WEALTH STRATEGIES, LLC 2.15% of their portfolio SCOTTSDALE, AZ 118,513118.5k $4.4m $4.4m 2.15% New
9 Tower Research Capital LLC (TRC) 0.12% of their portfolio NEW YORK, NY 105,328105.3k $3.9m $3.9m 0.12% Reduced -2.2k -2,189
10 Virtue Capital Management, LLC 0.60% of their portfolio BRENTWOOD, TN 103,266103.3k $3.5m $3.5m 0.60% Unchanged
11 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 55,41555.4k $2.1m $2.1m 0.01% Reduced -166.0k -166,043
12 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 53,28053.3k $2.0m $2.0m 0.00% Added +24.4k +24,375
13 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 50,20150.2k $1.9m $1.9m 0.00% Added +41.5k +41,487
14 Private Harbour Investment Management & Counsel, LLC 2.03% of their portfolio SAGAMORE HILLS, OH 47,68347.7k $1.8m $1.8m 2.03% Reduced -27 -27
15 Meridian Wealth Management, LLC 0.10% of their portfolio LEXINGTON, KY 45,74745.7k $1.7m $1.7m 0.10% Added +714 +714
16 Sowell Financial Services LLC 0.11% of their portfolio NORTH LITTLE ROCK, AR 45,19645.2k $1.7m $1.7m 0.11% New
17 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 37,39237.4k $1.4m $1.4m 0.00% Reduced -15.0k -14,988
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 36,42536.4k $1.4m $1.4m 0.00% New
19 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 31,89231.9k $1.2m $1.2m 0.02% Reduced -65.2k -65,235
20 TOWNSQUARE CAPITAL LLC 0.02% of their portfolio Lehi, UT 31,23731.2k $1.2m $1.2m 0.02% New
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 29,49529.5k $1.1m $1.1m 0.00% Added +6.6k +6,624
22 Integrated Advisors Network LLC 0.06% of their portfolio DALLAS, TX 28,06128.1k $1.0m $1.0m 0.06% Added +1.7k +1,726
23 GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio GREENWICH, CT 27,50027.5k $1.0m $1.0m 0.01% Unchanged
24 GABELLI & Co INVESTMENT ADVISERS, INC. 0.15% of their portfolio Rye, NY 25,60025.6k $950.0k $950.0k 0.15% New
25 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 25,46025.5k $944.8k $944.8k 0.00% Reduced -10.7k -10,733
26 PVG ASSET MANAGEMENT CORP 6.22% of their portfolio GOLDEN, CO 24,58024.6k $912.2k $912.2k 6.22% New
27 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 23,87023.9k $885.8k $885.8k 0.00% Added +20.7k +20,712
28 Canal Capital Management, LLC 0.18% of their portfolio Richmond, VA 23,85723.9k $885.3k $885.3k 0.18% Added +312 +312
29 Poehling Capital Management, INC. 0.28% of their portfolio MADISON, WI 21,21421.2k $787.3k $787.3k 0.28% Reduced -8.3k -8,254
30 AlphaCore Capital LLC 0.12% of their portfolio LA JOLLA, CA 21,00021.0k $779.3k $779.3k 0.12% Unchanged
31 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 19,98720.0k $742.0k $742.0k 0.01% Added +13.9k +13,861
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 17,18517.2k $637.7k $637.7k 0.00% Added +2.7k +2,718
33 TWO SIGMA SECURITIES, LLC 0.03% of their portfolio NEW YORK, NY 15,69315.7k $582.4k $582.4k 0.03% New
34 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 15,50715.5k $575.0k $575.0k 0.00% Added +3.1k +3,103
35 Advisor Resource Council 0.36% of their portfolio DALLAS, TX 14,86014.9k $551.5k $551.5k 0.36% Reduced -9.2k -9,240
36 APPLETON GROUP, LLC 1.66% of their portfolio APPLETON, WI 12,77412.8k $474.0k $474.0k 1.66% New
37 Beacon Harbor Wealth Advisors, Inc. 0.14% of their portfolio VIRGINIA BEACH, VA 11,60011.6k $430.0k $430.0k 0.14% New
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 10,65010.7k $395.2k $395.2k 0.00% Reduced -14 -14
39 Arkadios Wealth Advisors 0.04% of their portfolio ATLANTA, GA 10,35710.4k $384.3k $384.3k 0.04% Reduced -1.1k -1,092
40 DOLIVER ADVISORS, LP 0.12% of their portfolio HOUSTON, TX 10,34610.3k $383.9k $383.9k 0.12% Reduced -4.3k -4,276
41 Sunbelt Securities, Inc. 0.05% of their portfolio HOUSTON, TX 10,02010.0k $371.9k $371.9k 0.05% Added +4.5k +4,512
42 Laird Norton Wetherby Wealth Management, LLC 0.02% of their portfolio Seattle, WA 10,00010.0k $371.1k $371.1k 0.02% Unchanged
43 StoneX Group Inc. 0.03% of their portfolio NEW YORK, NY 8,3568.4k $310.1k $310.1k 0.03% New
44 STONE RUN CAPITAL, LLC 0.14% of their portfolio NEW YORK, NY 7,7007.7k $285.7k $285.7k 0.14% Unchanged
45 TRUE Private Wealth Advisors 0.04% of their portfolio Salem, OR 7,4017.4k $274.6k $274.6k 0.04% Reduced -5.8k -5,790
46 Cetera Advisors LLC 0.00% of their portfolio DENVER, CO 6,9206.9k $256.8k $256.8k 0.00% New
47 DAVIS R M INC 0.01% of their portfolio PORTLAND, ME 6,8006.8k $252.0k $252.0k 0.01% Unchanged
48 ADELL HARRIMAN & CARPENTER INC 0.03% of their portfolio HOUSTON, TX 6,7586.8k $250.8k $250.8k 0.03% Reduced -7.9k -7,882
49 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 5,7305.7k $212.6k $212.6k 0.01% New
50 BRAVE ASSET MANAGEMENT INC 0.06% of their portfolio Summit, NJ 5,4805.5k $203.4k $203.4k 0.06% New
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,4074.4k $163.5k $163.5k 0.00% Reduced -14.9k -14,929
52 BALDWIN WEALTH PARTNERS LLC/MA 0.01% of their portfolio Marion, MA 4,0004.0k $148.4k $148.4k 0.01% Unchanged
53 VitalStone Financial, LLC 0.10% of their portfolio SHAVANO PARK, TX 3,5003.5k $123.0k $123.0k 0.10% Added +2.5k +2,500
54 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,8312.8k $105.1k $105.1k 0.00% Added +1.7k +1,715
55 Colonial Trust Advisors 0.01% of their portfolio SPARTANBURG, SC 2,6802.7k $99.5k $99.5k 0.01% Reduced -725 -725
56 First Personal Financial Services 0.02% of their portfolio CHARLOTTE, NC 2,5322.5k $94.0k $94.0k 0.02% Reduced -426 -426
57 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 1,6211.6k $60.2k $60.2k 0.01% Reduced -89 -89
58 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,0001.0k $37.1k $37.1k 0.00% Unchanged
59 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 840840 $31.2k $31.2k 0.00% Unchanged
60 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 510510 $19.0k $19.0k 0.00% Added +500 +500
61 Hexagon Capital Partners LLC 0.00% of their portfolio ROGERS, AR 501501 $18.6k $18.6k 0.00% Unchanged
62 RFP Financial Group LLC 0.01% of their portfolio ATLANTA, GA 500500 $18.6k $18.6k 0.01% Unchanged
63 WFA Asset Management Corp 0.01% of their portfolio WHITEFISH BAY, WI 413413 $15.3k $15.3k 0.01% Added +1 +1
64 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 366366 $13.6k $13.6k 0.00% New
65 Antonetti Capital Management LLC 0.02% of their portfolio NAPLES, FL 301301 $11.2k $11.2k 0.02% New
66 Venturi Wealth Management, LLC 0.00% of their portfolio AUSTIN, TX 266266 $9.9k $9.9k 0.00% Added +65 +65
67 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 200200 $7.4k $7.4k 0.00% Unchanged
68 TCTC Holdings, LLC 0.00% of their portfolio DALLAS, TX 125125 $4.6k $4.6k 0.00% Unchanged
69 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 116116 $4.3k $4.3k 0.00% Unchanged
70 WOLFF WIESE MAGANA LLC 0.00% of their portfolio CARSLBAD, CA 100100 $3.7k $3.7k 0.00% Unchanged
71 Cherry Tree Wealth Management, LLC 0.00% of their portfolio MINNETONKA, MN 5050 $1.9k $1.9k 0.00% Unchanged
72 Aspire Private Capital, LLC 0.00% of their portfolio Cornelius, NC 2525 $940 $940 0.00% New
73 Financial Gravity Asset Management, Inc. 0.00% of their portfolio Lakeway, TX 1111 $413 $413 0.00% New
74 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 77 $260 $260 0.00% Unchanged
75 Beacon Capital Management, LLC 0.00% of their portfolio FRANKLIN, TN 66 $206 $206 0.00% Unchanged
76 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $28 $28 0.00% New
77 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 11 $37 $37 0.00% Unchanged
78 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged