Vault-13

PROSHARES TR BITO

BITCOIN STRATE · ETP · CUSIP 74347G440 · ISIN US74347G4405

193 institutional holders +38 vs Q3 2023
37,609,29937.6m shares reported held*
$770.7mreported value*
54 new 52 added 36 reduced 23 sold out net bought ≈ $404.1m (+19.7m 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 ($3.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.49. Options: 21 managers hold calls ($135.4m notional), 12 hold puts ($126.0m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 160Q4 22: 159Q1 23: 153Q2 23: 163Q3 23: 155Q4 23: 193193Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022160
Q4 2022159
Q1 2023153
Q2 2023163
Q3 2023155
Q4 2023193

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 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 23Q3 23: 68 bought or addedQ3 23: 66 cut or sold outQ3 23Q4 23: 106 bought or addedQ4 23: 59 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20225776
Q1 20237263
Q2 20237759
Q3 20236866
Q4 202310659

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ1 23 calls: $139.6mQ1 23 puts: $155.5mQ1 23P/C 1.11Q2 23 calls: $90.6mQ2 23 puts: $111.4mQ2 23P/C 1.23Q3 23 calls: $91.2mQ3 23 puts: $58.6mQ3 23P/C 0.64Q4 23 calls: $135.4mQ4 23 puts: $126.0mQ4 23P/C 0.93
Numbers
QuarterCallsPutsP/C
Q1 2023$139.6m$155.5m1.11
Q2 2023$90.6m$111.4m1.23
Q3 2023$91.2m$58.6m0.64
Q4 2023$135.4m$126.0m0.93

Biggest buyers

GOLDMAN SACHS GROUP INC Added +5,567,421+5.6m
ARK Investment Management LLC New +4,549,207+4.5m
JANE STREET GROUP, LLC Added +3,742,731+3.7m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +3,519,296+3.5m
SIMPLEX TRADING, LLC Added +528,205+528.2k
CITADEL ADVISORS LLC New +478,578+478.6k
WHITEBOX ADVISORS LLC New +379,825+379.8k
Trek Financial, LLC New +361,483+361.5k
AE Wealth Management LLC Added +184,968+185.0k
MORGAN STANLEY Added +159,411+159.4k

Biggest sellers

Tower Research Capital LLC (TRC) Sold out -159,571-159.6k
Weiss Asset Management LP Sold out -142,250-142.2k
Pinnacle Wealth Management, LLC Sold out -133,460-133.5k
Acorns Advisers, LLC Reduced -122,741-122.7k
IMC-Chicago, LLC Sold out -111,779-111.8k
Impact Partnership Wealth, LLC Reduced -100,549-100.5k
Jefferies Financial Group Inc. Reduced -99,852-99.9k
Faithward Advisors, LLC Reduced -86,519-86.5k
STEVENS CAPITAL MANAGEMENT LP Sold out -86,195-86.2k
BARCLAYS PLC Reduced -73,671-73.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $52.4m2.6m shares
CITADEL ADVISORS LLC Added $24.5m1.2m shares
WOLVERINE TRADING, LLC Added $12.4m606.5k shares
Parallax Volatility Advisers, L.P. Reduced $12.3m602.5k shares
Walleye Trading LLC Reduced $11.8m575.9k shares
ELEMENT POINTE ADVISORS, LLC Unchanged $8.6m420.0k shares
SUMMIT SECURITIES GROUP LLC New $4.0m197.2k shares
PEAK6 Investments LLC New $2.1m100.1k shares
Symmetry Investments LP New $1.2m60.0k shares
Longitude (Cayman) Ltd. Reduced $1.1m55.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $62.4m3.0m shares
CITADEL ADVISORS LLC Added $36.5m1.8m shares
Walleye Trading LLC Reduced $13.8m671.4k shares
WOLVERINE TRADING, LLC Added $4.6m224.5k shares
Belvedere Trading LLC Added $2.6m126.5k shares
BTG Pactual Global Asset Management Ltd New $2.0m100.0k shares
Jefferies Financial Group Inc. Reduced $1.8m85.9k shares
BARCLAYS PLC New $1.0m50.0k shares
Parallax Volatility Advisers, L.P. Unchanged $1.0m50.0k shares
Cutler Group LLC / CA Reduced $177.0k124.3k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 10,638,56810.6m $218.0m $218.0m 0.05% Added +5.6m +5,567,421
2 JANE STREET GROUP, LLC 0.18% of their portfolio NEW YORK, NY 7,073,6307.1m $144.9m $144.9m 0.18% Added +3.7m +3,742,731
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.17% of their portfolio BALA CYNWYD, PA 5,021,1495.0m $102.9m $102.9m 0.17% Added +3.5m +3,519,296
4 ARK Investment Management LLC 0.55% of their portfolio ST. PETERSBURG, FL 4,549,2074.5m $93.2m $93.2m 0.55% New
5 Acorns Advisers, LLC 0.55% of their portfolio IRVINE, CA 2,172,7172.2m $44.5m $44.5m 0.55% Reduced -122.7k -122,741
6 Faithward Advisors, LLC 3.51% of their portfolio LANCASTER, PA 789,348789.3k $15.8m $15.8m 3.51% Reduced -86.5k -86,519
7 Paragon Advisors, LLC 5.69% of their portfolio COLLEGE STATION, TX 657,096657.1k $13.5m $13.5m 5.69% Reduced -34.5k -34,539
8 SIMPLEX TRADING, LLC 0.38% of their portfolio CHICAGO, IL 596,737596.7k $12.2m $12.2m 0.38% Added +528.2k +528,205
9 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 478,578478.6k $9.8m $9.8m 0.01% New
10 WHITEBOX ADVISORS LLC 0.35% of their portfolio MINNEAPOLIS, MN 379,825379.8k $7.8m $7.8m 0.35% New
11 AE Wealth Management LLC 0.04% of their portfolio TOPEKA, KS 362,159362.2k $7.4m $7.4m 0.04% Added +185.0k +184,968
12 Trek Financial, LLC 0.64% of their portfolio Scottsdale, AZ 361,483361.5k $7.4m $7.4m 0.64% New
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 285,709285.7k $5.9m $5.9m 0.00% Added +129.2k +129,161
14 TOTAL INVESTMENT MANAGEMENT INC 0.56% of their portfolio SCOTTSDALE, AZ 215,808215.8k $4.4m $4.4m 0.56% Added +136.8k +136,819
15 MFA WEALTH ADVISORS, LLC 1.19% of their portfolio PITTSBURGH, PA 207,218207.2k $4.2m $4.2m 1.19% Reduced -4.8k -4,801
16 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 191,271191.3k $3.9m $3.9m 0.00% Reduced -73.7k -73,671
17 RK Capital Management, LLC/FL 1.80% of their portfolio Weston, FL 188,200188.2k $3.9m $3.9m 1.80% First filing
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 159,414159.4k $3.3m $3.3m 0.00% Added +159.4k +159,411
19 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 129,529129.5k $2.7m $2.7m 0.00% Added +126.9k +126,852
20 IHT Wealth Management, LLC 0.11% of their portfolio Chicago, IL 117,201117.2k $2.4m $2.4m 0.11% Added +2.9k +2,851
21 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 97,34597.3k $2.0m $2.0m 0.00% Reduced -2.1k -2,096
22 FORTE ASSET MANAGEMENT LLC 1.34% of their portfolio BEDFORD, NY 95,87795.9k $2.0m $2.0m 1.34% Reduced -69.1k -69,075
23 Belvedere Trading LLC 0.17% of their portfolio CHICAGO, IL 94,48894.5k $1.9m $1.9m 0.17% Added +46.3k +46,255
24 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 92,89892.9k $1.9m $1.9m 0.00% Added +19.5k +19,519
25 SILVER OAK SECURITIES, INCORPORATED 0.25% of their portfolio JACKSON, TN 91,74591.7k $1.9m $1.9m 0.25% Added +86.6k +86,602
26 Elequin Capital, LP 0.54% of their portfolio NEW YORK, NY 87,26587.3k $1.8m $1.8m 0.54% New
27 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 84,03484.0k $1.7m $1.7m 0.00% New
28 Lifeworks Advisors, LLC 0.53% of their portfolio GRAND RAPIDS, MI 74,94574.9k $1.5m $1.5m 0.53% Added +14.8k +14,809
29 Stegent Equity Advisors, Inc. 1.82% of their portfolio HOUSTON, TX 74,92374.9k $1.5m $1.5m 1.82% New
30 Impact Partnership Wealth, LLC 0.56% of their portfolio MARIETTA, GA 74,69674.7k $1.5m $1.5m 0.56% Reduced -100.5k -100,549
31 AXXCESS WEALTH MANAGEMENT, LLC 0.04% of their portfolio CARLSBAD, CA 69,91269.9k $1.4m $1.4m 0.04% New
32 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 69,62269.6k $1.4m $1.4m 0.01% Added +26.3k +26,308
33 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 67,90967.9k $1.3m $1.3m 0.01% New
34 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 62,60062.6k $1.3m $1.3m 0.00% Reduced -10.0k -10,000
35 Revere Asset Management, Inc 1.38% of their portfolio DALLAS, TX 62,38762.4k $1.3m $1.3m 1.38% New
36 Proficio Capital Partners LLC 0.15% of their portfolio NEWTON, MA 61,11561.1k $1.3m $1.3m 0.15% New
37 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 59,82659.8k $1.2m $1.2m 0.00% Added +13.7k +13,729
38 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 59,48959.5k $1.2m $1.2m 0.01% New
39 Perigon Wealth Management, LLC 0.04% of their portfolio SAN FRANCISCO, CA 56,46056.5k $1.2m $1.2m 0.04% Reduced -16.6k -16,620
40 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 50,10650.1k $1.0m $1.0m 0.02% New
41 PRELUDE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio NEW YORK, NY 50,00050.0k $1.0m $1.0m 0.09% Reduced -50.0k -50,000
42 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 47,77847.8k $979.0k $979.0k 0.00% Reduced -635 -635
43 Atlantic Union Bankshares Corp 0.09% of their portfolio GLEN ALLEN, VA 45,58645.6k $934.1k $934.1k 0.09% Unchanged
44 3EDGE Asset Management, LP 0.07% of their portfolio Naples, FL 43,73943.7k $896.2k $896.2k 0.07% Added +4.2k +4,213
45 Amtrust Financial Services, Inc. 0.44% of their portfolio New York, NY 40,00040.0k $819.6k $819.6k 0.44% Unchanged
46 Dynamic Advisor Solutions LLC 0.03% of their portfolio PHOENIX, AZ 39,90439.9k $854.3k $854.3k 0.03% Reduced -42.0k -41,953
47 FDx Advisors, Inc. 0.06% of their portfolio BERWYN, PA 38,84738.8k $796.0k $796.0k 0.06% New
48 NKCFO LLC 0.42% of their portfolio GENEVA, IL 38,00038.0k $779.0k $779.0k 0.42% Added +20.0k +20,000
49 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 36,55636.6k $749.0k $749.0k 0.01% Added +6.9k +6,948
50 Gradient Investments LLC 0.02% of their portfolio ARDEN HILLS, MN 35,75735.8k $732.7k $732.7k 0.02% Added +1.7k +1,734
51 Bull Oak Capital, LLC 0.19% of their portfolio RANCHO SANTA FE, CA 35,50535.5k $727.5k $727.5k 0.19% Reduced -30.2k -30,191
52 Sassicaia Capital Advisers LLC 6.20% of their portfolio JERICHO, NY 35,00035.0k $717.1k $717.1k 6.20% New
53 Avestar Capital, LLC 0.09% of their portfolio New York, NY 34,51534.5k $707.2k $707.2k 0.09% Added +14.9k +14,867
54 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 34,22934.2k $701.4k $701.4k 0.01% New
55 STRATEGY ASSET MANAGERS LLC 0.15% of their portfolio PASADENA, CA 30,83230.8k $631.7k $631.7k 0.15% New
56 Sepio Capital, LP 0.05% of their portfolio Salt Lake City, UT 30,00030.0k $614.7k $614.7k 0.05% Added +10.0k +10,000
57 Cyndeo Wealth Partners, LLC 0.05% of their portfolio ST. PETERSBURG, FL 28,03228.0k $574.4k $574.4k 0.05% New
58 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 27,58827.6k $565.3k $565.3k 0.00% Added +11.9k +11,918
59 Betterment LLC 0.00% of their portfolio NEW YORK, NY 26,30326.3k $539.0k $539.0k 0.00% Added +1.9k +1,939
60 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 26,06526.1k $534.1k $534.1k 0.01% Reduced -3.1k -3,142
61 Evolution Wealth Advisors, LLC 0.11% of their portfolio AVENTURA, FL 25,88225.9k $530.3k $530.3k 0.11% Unchanged
62 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 25,48525.5k $522.2k $522.2k 0.00% Added +3.2k +3,245
63 Altiora Financial Group, LLC 0.15% of their portfolio LEBANON, OH 25,35725.4k $519.6k $519.6k 0.15% Added +4.2k +4,173
64 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 24,73224.7k $506.8k $506.8k 0.00% New
65 Delta Investment Management, LLC 0.12% of their portfolio SAN FRANCISCO, CA 23,94623.9k $490.7k $490.7k 0.12% New
66 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 22,39222.4k $458.8k $458.8k 0.00% Added +10.3k +10,307
67 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 22,34622.3k $457.9k $457.9k 0.00% New
68 Cutler Group LLC / CA 0.06% of their portfolio SAN FRANCISCO, CA 22,10022.1k $452.0k $452.0k 0.06% Added +4.1k +4,080
69 Precision Wealth Strategies, LLC 0.43% of their portfolio SAINT LOUIS, MO 21,42221.4k $438.9k $438.9k 0.43% Reduced -1.2k -1,187
70 Walleye Trading LLC 0.01% of their portfolio NEW YORK, NY 21,21521.2k $434.7k $434.7k 0.01% New
71 Diligent Investors, LLC 0.11% of their portfolio REDLANDS, CA 20,28120.3k $415.6k $415.6k 0.11% Reduced -175 -175
72 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 19,97020.0k $409.2k $409.2k 0.01% New
73 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 19,40019.4k $397.5k $397.5k 0.00% New
74 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 17,61617.6k $361.0k $361.0k 0.01% New
75 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 17,38117.4k $397.2k $397.2k 0.00% New
76 Orion Portfolio Solutions, LLC 0.00% of their portfolio Omaha, NE 17,38117.4k $397.2k $397.2k 0.00% New
77 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 17,34617.3k $355.4k $355.4k 0.00% Reduced -2.9k -2,928
78 J. Goldman & Co LP 0.02% of their portfolio NEW YORK, NY 17,25017.2k $353.5k $353.5k 0.02% New
79 Mariner, LLC 0.00% of their portfolio Overland Park, KS 16,84116.8k $345.1k $345.1k 0.00% Added +4.3k +4,251
80 Aveo Capital Partners, LLC 0.04% of their portfolio ENGLEWOOD, CO 16,68416.7k $341.8k $341.8k 0.04% New
81 Headlands Technologies LLC 0.10% of their portfolio CHICAGO, IL 15,84715.8k $324.7k $324.7k 0.10% Added +8.7k +8,666
82 SevenBridge Financial Group, LLC 0.08% of their portfolio HARRISBURG, PA 15,83115.8k $324.4k $324.4k 0.08% Added +2.3k +2,275
83 Paragon Private Wealth Management, LLC 0.22% of their portfolio LEXINGTON, KY 15,35215.4k $314.6k $314.6k 0.22% Unchanged
84 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 15,06215.1k $308.6k $308.6k 0.00% New
85 LexAurum Advisors, LLC 0.08% of their portfolio OVERLAND PARK, KS 15,00015.0k $307.4k $307.4k 0.08% Reduced -8 -8
86 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 14,76714.8k $302.6k $302.6k 0.01% New
87 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.05% of their portfolio Reston, VA 14,52714.5k $297.7k $297.7k 0.05% Reduced -200 -200
88 EXENCIAL WEALTH ADVISORS, LLC 0.01% of their portfolio OKLAHOMA CITY, OK 14,52514.5k $297.6k $297.6k 0.01% New
89 CX Institutional 0.02% of their portfolio AUBURN, IN 14,18214.2k $290.6k $290.6k 0.02% Reduced -1.5k -1,546
90 Freestone Capital Holdings, LLC 0.01% of their portfolio Seattle, WA 14,17214.2k $290.4k $290.4k 0.01% Added +1 +1
91 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 14,12214.1k $289.4k $289.4k 0.01% Reduced -1.6k -1,550
92 Arete Wealth Advisors, LLC 0.02% of their portfolio CHICAGO, IL 13,99414.0k $286.7k $286.7k 0.02% New
93 EisnerAmper Wealth Management Corporate Benefits, LLC 0.10% of their portfolio ISELIN, NJ 13,40413.4k $275.0k $275.0k 0.10% New
94 JEPPSON WEALTH MANAGEMENT, LLC 0.11% of their portfolio MANHATTAN BEACH, CA 13,19913.2k $270.4k $270.4k 0.11% Reduced -33 -33
95 SANDERS MORRIS HARRIS LLC 0.14% of their portfolio Houston, TX 12,68612.7k $290.8k $290.8k 0.14% Reduced -30 -30
96 SageView Advisory Group, LLC 0.00% of their portfolio Newport Beach, CA 11,93911.9k $568 $568 0.00% New
97 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 11,79811.8k $241.0k $241.0k 0.00% Added +11.4k +11,398
98 AdvisorNet Financial, Inc 0.02% of their portfolio MINNETONKA, MN 11,32411.3k $232.0k $232.0k 0.02% Reduced -11.9k -11,919
99 Prime Capital Investment Advisors, LLC 0.00% of their portfolio OVERLAND PARK, KS 11,10011.1k $227.4k $227.4k 0.00% Added +379 +379
100 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,86110.9k $222.6k $222.6k 0.00% Reduced -2.6k -2,647