Vault-13

PROSHARES TR BITO

BITCOIN STRATE · ETP · CUSIP 74347G440 · ISIN US74347G4405

163 institutional holders +10 vs Q1 2023
28,535,67228.5m shares reported held*
$483.0mreported value*
28 new 49 added 38 reduced 21 sold out net bought ≈ $101.2m (+6.0m 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 ≈ $16.93. Options: 13 managers hold calls ($90.6m notional), 10 hold puts ($111.4m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 160Q4 22: 159Q1 23: 153Q2 23: 163163Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022160
Q4 2022159
Q1 2023153
Q2 2023163

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 57 bought or addedQ4 22: 76 cut or sold outQ4 22Q1 23: 72 bought or addedQ1 23: 63 cut or sold outQ1 23Q2 23: 77 bought or addedQ2 23: 59 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20225776
Q1 20237263
Q2 20237759

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 22 calls: $47.3mQ3 22 puts: $77.7mQ3 22P/C 1.64Q4 22 calls: $48.7mQ4 22 puts: $86.7mQ4 22P/C 1.78Q1 23 calls: $139.6mQ1 23 puts: $155.5mQ1 23P/C 1.11Q2 23 calls: $90.6mQ2 23 puts: $111.4mQ2 23P/C 1.23
Numbers
QuarterCallsPutsP/C
Q3 2022$47.3m$77.7m1.64
Q4 2022$48.7m$86.7m1.78
Q1 2023$139.6m$155.5m1.11
Q2 2023$90.6m$111.4m1.23

Biggest buyers

JANE STREET GROUP, LLC New +6,869,156+6.9m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,130,209+1.1m
Point72 Asset Management, L.P. New +300,000+300.0k
SILVER OAK SECURITIES, INCORPORATED Added +116,442+116.4k
PRELUDE CAPITAL MANAGEMENT, LLC New +100,000+100.0k
RENAISSANCE TECHNOLOGIES LLC New +90,300+90.3k
Perigon Wealth Management, LLC New +78,450+78.5k
AE Wealth Management LLC Added +77,835+77.8k
BLUE SQUARE ASSET MANAGEMENT, LLC New +58,145+58.1k
Lifeworks Advisors, LLC New +37,748+37.7k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -1,819,619-1.8m
SIMPLEX TRADING, LLC Reduced -273,775-273.8k
Franchise Capital Ltd Sold out -249,850-249.8k
Sassicaia Capital Advisers LLC Reduced -248,000-248.0k
CTC LLC Sold out -217,468-217.5k
STEVENS CAPITAL MANAGEMENT LP Reduced -187,760-187.8k
TOTAL INVESTMENT MANAGEMENT INC Reduced -53,338-53.3k
Schonfeld Strategic Advisors LLC Sold out -41,300-41.3k
Belpointe Asset Management LLC Sold out -35,780-35.8k
Interchange Capital Partners, LLC Sold out -27,300-27.3k

Biggest calls

Parallax Volatility Advisers, L.P. Added $25.3m1.5m shares
CITADEL ADVISORS LLC Reduced $15.6m919.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $11.8m696.3k shares
Walleye Trading LLC Added $10.8m636.2k shares
WOLVERINE TRADING, LLC New $10.0m583.5k shares
ELEMENT POINTE ADVISORS, LLC Unchanged $7.1m420.0k shares
PRELUDE CAPITAL MANAGEMENT, LLC Added $3.7m215.3k shares
Shay Capital LLC Added $3.5m203.5k shares
MYDA Advisors LLC New $1.4m80.0k shares
Jefferies Financial Group Inc. Reduced $973.0k57.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $60.9m3.6m shares
CITADEL ADVISORS LLC Reduced $25.8m1.5m shares
Walleye Trading LLC Added $12.2m719.8k shares
WOLVERINE TRADING, LLC New $4.1m239.7k shares
Jefferies Financial Group Inc. Added $3.1m185.1k shares
DRW Securities, LLC Added $1.8m108.1k shares
Cutler Group LLC / CA Added $1.5m186.2k shares
Bull Oak Capital, LLC Reduced $951.2k56.0k shares
Parallax Volatility Advisers, L.P. Reduced $849.0k50.0k shares
Belvedere Trading LLC New $56.0k3.3k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 10,001,40510.0m $169.8m $169.8m 0.04% Reduced -1.8m -1,819,619
2 JANE STREET GROUP, LLC 0.16% of their portfolio NEW YORK, NY 6,869,1566.9m $116.6m $116.6m 0.16% New
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% of their portfolio BALA CYNWYD, PA 4,177,1894.2m $70.9m $70.9m 0.11% Added +1.1m +1,130,209
4 Acorns Advisers, LLC 0.48% of their portfolio IRVINE, CA 2,086,4702.1m $35.4m $35.4m 0.48% Reduced -11.5k -11,481
5 Faithward Advisors, LLC 3.10% of their portfolio LANCASTER, PA 882,676882.7k $13.4m $13.4m 3.10% Reduced -17.5k -17,491
6 Paragon Advisors, LLC 4.01% of their portfolio COLLEGE STATION, TX 726,177726.2k $12.3m $12.3m 4.01% Reduced -19.5k -19,451
7 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 300,000300.0k $5.1m $5.1m 0.02% New
8 MFA WEALTH ADVISORS, LLC 1.10% of their portfolio PITTSBURGH, PA 205,106205.1k $3.5m $3.5m 1.10% Added +3.1k +3,066
9 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 201,271201.3k $3.4m $3.4m 0.00% Reduced -18.4k -18,400
10 SILVER OAK SECURITIES, INCORPORATED 0.48% of their portfolio JACKSON, TN 175,963176.0k $3.0m $3.0m 0.48% Added +116.4k +116,442
11 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 150,955151.0k $2.6m $2.6m 0.02% Added +77.8k +77,835
12 Impact Partnership Wealth, LLC 0.86% of their portfolio MARIETTA, GA 146,179146.2k $2.5m $2.5m 0.86% First filing
13 FORTE ASSET MANAGEMENT LLC 1.59% of their portfolio BEDFORD, NY 144,527144.5k $2.5m $2.5m 1.59% Reduced -1.9k -1,950
14 Pinnacle Wealth Management, LLC 2.34% of their portfolio ROSEVILLE, CA 136,330136.3k $2.3m $2.3m 2.34% First filing
15 IHT Wealth Management, LLC 0.10% of their portfolio Chicago, IL 112,877112.9k $1.9m $1.9m 0.10% Added +118 +118
16 PRELUDE CAPITAL MANAGEMENT, LLC 0.14% of their portfolio NEW YORK, NY 100,000100.0k $1.7m $1.7m 0.14% New
17 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 90,30090.3k $1.5m $1.5m 0.00% New
18 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 89,54389.5k $1.5m $1.5m 0.00% Added +5.9k +5,878
19 Perigon Wealth Management, LLC 0.05% of their portfolio SAN FRANCISCO, CA 78,45078.5k $1.3m $1.3m 0.05% New
20 Dynamic Advisor Solutions LLC 0.06% of their portfolio PHOENIX, AZ 70,69870.7k $1.2m $1.2m 0.06% Added +25.1k +25,063
21 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 67,86367.9k $1.2m $1.2m 0.00% Reduced -17.3k -17,301
22 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 66,60066.6k $1.1m $1.1m 0.00% Added +3.0k +3,000
23 TOTAL INVESTMENT MANAGEMENT INC 0.14% of their portfolio SCOTTSDALE, AZ 64,32064.3k $1.1m $1.1m 0.14% Reduced -53.3k -53,338
24 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 60,77560.8k $1.0m $1.0m 0.00% Added +800 +800
25 BLUE SQUARE ASSET MANAGEMENT, LLC 0.70% of their portfolio NEW YORK, NY 58,14558.1k $987.3k $987.3k 0.70% New
26 STEVENS CAPITAL MANAGEMENT LP 0.20% of their portfolio RADNOR, PA 55,94255.9k $950.0k $950.0k 0.20% Reduced -187.8k -187,760
27 DRW Securities, LLC 0.07% of their portfolio CHICAGO, IL 52,74952.7k $896.0k $896.0k 0.07% Added +33.2k +33,200
28 PALLADIEM, LLC 0.92% of their portfolio BRYN MAWR, PA 52,73552.7k $895.4k $895.4k 0.92% Reduced -2.8k -2,775
29 NKCFO LLC 0.37% of their portfolio GENEVA, IL 47,00047.0k $798.0k $798.0k 0.37% Added +5.0k +5,000
30 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 44,84444.8k $761.0k $761.0k 0.00% Added +14.8k +14,768
31 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 44,40444.4k $754.0k $754.0k 0.00% Added +8.6k +8,572
32 AdvisorNet Financial, Inc 0.06% of their portfolio MINNETONKA, MN 40,94740.9k $695.3k $695.3k 0.06% Reduced -1.2k -1,152
33 Atlantic Union Bankshares Corp 0.07% of their portfolio GLEN ALLEN, VA 40,52640.5k $688.1k $688.1k 0.07% Added +207 +207
34 Amtrust Financial Services, Inc. 0.38% of their portfolio New York, NY 40,00040.0k $679.2k $679.2k 0.38% Unchanged
35 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 39,87239.9k $677.0k $677.0k 0.00% Added +4.7k +4,739
36 Lifeworks Advisors, LLC 0.27% of their portfolio GRAND RAPIDS, MI 37,74837.7k $641.0k $641.0k 0.27% New
37 SUMMIT SECURITIES GROUP LLC 0.25% of their portfolio NEW YORK, NY 34,70034.7k $589.0k $589.0k 0.25% Added +34.7k +34,699
38 3EDGE Asset Management, LP 0.04% of their portfolio Naples, FL 34,45534.5k $585.0k $585.0k 0.04% Added +12.5k +12,455
39 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 32,35932.4k $556.3k $556.3k 0.01% New
40 Gradient Investments LLC 0.01% of their portfolio ARDEN HILLS, MN 31,31431.3k $531.7k $531.7k 0.01% Added +29.4k +29,364
41 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 31,08331.1k $527.8k $527.8k 0.00% Added +18.0k +18,009
42 Wealth Management Solutions, LLC 0.34% of their portfolio EXTON, PA 30,94530.9k $525.4k $525.4k 0.34% Reduced -1.7k -1,705
43 Ghisallo Capital Management LLC 0.06% of their portfolio BOSTON, MA 30,50030.5k $517.9k $517.9k 0.06% New
44 Integrated Advisors Network LLC 0.03% of their portfolio DALLAS, TX 30,10530.1k $511.2k $511.2k 0.03% New
45 Sowell Financial Services LLC 0.03% of their portfolio NORTH LITTLE ROCK, AR 29,14729.1k $495.0k $495.0k 0.03% Added +200 +200
46 Evolution Wealth Advisors, LLC 0.10% of their portfolio AVENTURA, FL 25,88225.9k $439.5k $439.5k 0.10% Unchanged
47 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 24,87224.9k $422.3k $422.3k 0.01% New
48 Sassicaia Capital Advisers LLC 0.35% of their portfolio JERICHO, NY 24,00024.0k $407.5k $407.5k 0.35% Reduced -248.0k -248,000
49 Precision Wealth Strategies, LLC 0.64% of their portfolio SAINT LOUIS, MO 23,14123.1k $392.9k $392.9k 0.64% Reduced -637 -637
50 QCM Cayman, Ltd. 2.31% of their portfolio Houston, TX 23,13723.1k $392.9k $392.9k 2.31% New
51 Belvedere Trading LLC 0.12% of their portfolio CHICAGO, IL 22,89522.9k $388.8k $388.8k 0.12% New
52 CHIRON CAPITAL MANAGEMENT, LLC 0.30% of their portfolio TALLAHASSEE, FL 22,20022.2k $377.0k $377.0k 0.30% Added +2.2k +2,200
53 Betterment LLC 0.00% of their portfolio NEW YORK, NY 20,61420.6k $350.0k $350.0k 0.00% Added +1.6k +1,568
54 Diligent Investors, LLC 0.10% of their portfolio REDLANDS, CA 20,45620.5k $347.3k $347.3k 0.10% Reduced -200 -200
55 Revisor Wealth Management LLC 0.31% of their portfolio AKRON, OH 20,17820.2k $342.6k $342.6k 0.31% Reduced -196 -196
56 Symmetry Investments LP 0.10% of their portfolio ST HELIER, Y9 20,00020.0k $339.6k $339.6k 0.10% New
57 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 19,76819.8k $335.7k $335.7k 0.01% New
58 Cutler Group LLC / CA 0.08% of their portfolio SAN FRANCISCO, CA 19,68819.7k $334.0k $334.0k 0.08% Reduced -6.6k -6,555
59 Avestar Capital, LLC 0.06% of their portfolio New York, NY 19,64819.6k $333.6k $333.6k 0.06% Unchanged
60 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 19,50419.5k $331.2k $331.2k 0.00% Added +4.5k +4,483
61 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 19,42319.4k $329.8k $329.8k 0.00% Added +6.3k +6,311
62 Freestone Capital Holdings, LLC 0.01% of their portfolio Seattle, WA 19,40719.4k $329.5k $329.5k 0.01% Unchanged
63 Altiora Financial Group, LLC 0.14% of their portfolio LEBANON, OH 19,00019.0k $322.6k $322.6k 0.14% Unchanged
64 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 17,68817.7k $300.3k $300.3k 0.00% Added +5.6k +5,556
65 CX Institutional 0.01% of their portfolio AUBURN, IN 16,65616.7k $282.8k $282.8k 0.01% Added +3.4k +3,432
66 Pekin Hardy Strauss, Inc. 0.04% of their portfolio CHICAGO, IL 15,05015.1k $255.5k $255.5k 0.04% Added +1.0k +1,000
67 LexAurum Advisors, LLC 0.08% of their portfolio OVERLAND PARK, KS 15,00815.0k $254.8k $254.8k 0.08% Unchanged
68 REDMONT WEALTH ADVISORS LLC 0.44% of their portfolio CHICAGO, IL 15,00015.0k $254.7k $254.7k 0.44% New
69 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.04% of their portfolio Reston, VA 14,69614.7k $249.5k $249.5k 0.04% Reduced -5 -5
70 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 14,60514.6k $248.0k $248.0k 0.01% Reduced -5.5k -5,469
71 JEPPSON WEALTH MANAGEMENT, LLC 0.10% of their portfolio MANHATTAN BEACH, CA 13,23213.2k $224.7k $224.7k 0.10% Reduced -313 -313
72 SANDERS MORRIS HARRIS LLC 0.05% of their portfolio Houston, TX 12,71612.7k $212.7k $212.7k 0.05% New
73 Mariner, LLC 0.00% of their portfolio Overland Park, KS 12,14012.1k $206.1k $206.1k 0.00% Reduced -2.9k -2,929
74 TECTONIC ADVISORS LLC 0.02% of their portfolio FRISCO, TX 11,89811.9k $202.0k $202.0k 0.02% Added +84 +84
75 Upper Left Wealth Management, LLC 0.22% of their portfolio TAMPA, FL 11,89511.9k $202.0k $202.0k 0.22% New
76 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 10,78210.8k $183.1k $183.1k 0.00% Reduced -5.1k -5,069
77 Compound Planning, Inc. 0.08% of their portfolio NEW YORK, NY 10,17510.2k $172.8k $172.8k 0.08% New
78 PATHSTONE FAMILY OFFICE, LLC 0.00% of their portfolio ENGLEWOOD, NJ 10,04810.0k $170.6k $170.6k 0.00% New
79 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 10,01710.0k $170.1k $170.1k 0.00% Added +738 +738
80 Sepio Capital, LP 0.01% of their portfolio Salt Lake City, UT 10,00010.0k $169.8k $169.8k 0.01% Unchanged
81 ELEMENT POINTE ADVISORS, LLC 0.05% of their portfolio MIAMI, FL 10,00010.0k $169.8k $169.8k 0.05% Unchanged
82 MassMutual Private Wealth & Trust, FSB 0.00% of their portfolio Windsor, CT 7,7967.8k $132.4k $132.4k 0.00% Added +6 +6
83 ORG Partners LLC 0.02% of their portfolio ROANOKE, IN 6,1066.1k $103.3k $103.3k 0.02% New
84 Lansing Street Advisors 0.06% of their portfolio AMBLER, PA 5,6785.7k $96.4k $96.4k 0.06% Added +434 +434
85 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,2764.3k $71.5k $71.5k 0.00% Reduced -1.7k -1,679
86 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,0294.0k $68.4k $68.4k 0.00% Added +3.9k +3,929
87 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 3,9393.9k $66.0k $66.0k 0.00% Reduced -273.8k -273,775
88 Capital Advisors, Ltd. LLC 0.01% of their portfolio SHAKER HEIGHTS, OH 2,9803.0k $51.0k $51.0k 0.01% Unchanged
89 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 2,8632.9k $48.6k $48.6k 0.00% Reduced -1.9k -1,862
90 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 2,5912.6k $44.0k $44.0k 0.00% Reduced -398 -398
91 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,4842.5k $73.2k $73.2k 0.00% Added +1.2k +1,242
92 Kistler-Tiffany Companies, LLC 0.01% of their portfolio BERWYN, PA 2,2212.2k $37.7k $37.7k 0.01% Unchanged
93 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 2,0002.0k $34.0k $34.0k 0.00% New
94 Moisand Fitzgerald Tamayo, LLC 0.01% of their portfolio ORLANDO, FL 1,9231.9k $32.7k $32.7k 0.01% Unchanged
95 GUARDIAN WEALTH ADVISORS, LLC / NC 0.01% of their portfolio RALEIGH, NC 1,8641.9k $31.7k $31.7k 0.01% Added +71 +71
96 Rise Advisors, LLC 0.02% of their portfolio ROCHESTER, NY 1,8531.9k $31.5k $31.5k 0.02% New
97 MACROVIEW INVESTMENT MANAGEMENT LLC 0.05% of their portfolio BETHESDA, MD 1,8031.8k $30.6k $30.6k 0.05% Added +17 +17
98 Cedar Mountain Advisors, LLC 0.01% of their portfolio LAKE OSWEGO, OR 1,4971.5k $25.4k $25.4k 0.01% Added +35 +35
99 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 1,2501.2k $21.2k $21.2k 0.00% Added +550 +550
100 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,1401.1k $19.4k $19.4k 0.00% Reduced -25 -25