Vault-13

PROSHARES TR BITO

BITCOIN STRATE · ETP · CUSIP 74347G440 · ISIN US74347G4405

203 institutional holders +10 vs Q4 2023
43,422,31043.4m shares reported held*
$1.4bnreported value*
64 new 40 added 69 reduced 51 sold out net bought ≈ $182.7m (+5.8m 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 ≈ $32.18. Options: 21 managers hold calls ($190.8m notional), 10 hold puts ($222.6m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 160Q4 22: 159Q1 23: 153Q2 23: 163Q3 23: 155Q4 23: 193Q1 24: 203203Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022160
Q4 2022159
Q1 2023153
Q2 2023163
Q3 2023155
Q4 2023193
Q1 2024203

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 23Q1 24: 104 bought or addedQ1 24: 120 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20225776
Q1 20237263
Q2 20237759
Q3 20236866
Q4 202310659
Q1 2024104120

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 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 0.93Q1 24 calls: $190.8mQ1 24 puts: $222.6mQ1 24P/C 1.17
Numbers
QuarterCallsPutsP/C
Q2 2023$90.6m$111.4m1.23
Q3 2023$91.2m$58.6m0.64
Q4 2023$135.4m$126.0m0.93
Q1 2024$190.8m$222.6m1.17

Biggest buyers

JANE STREET GROUP, LLC Added +12,081,007+12.1m
RK Capital Management, LLC/FL Added +3,087,400+3.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +2,886,678+2.9m
MARSHALL WACE, LLP New +981,014+981.0k
SYLEBRA CAPITAL LLC New +773,865+773.9k
WOLVERINE TRADING, LLC Added +666,963+667.0k
SUMMIT SECURITIES GROUP LLC Added +622,800+622.8k
Jump Financial, LLC New +453,633+453.6k
United Capital Management of KS, Inc. New +409,545+409.5k
IMC-Chicago, LLC New +329,456+329.5k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -10,602,496-10.6m
ARK Investment Management LLC Reduced -4,273,853-4.3m
AE Wealth Management LLC Sold out -362,159-362.2k
Trek Financial, LLC Reduced -353,167-353.2k
Paragon Advisors, LLC Reduced -315,098-315.1k
CITADEL ADVISORS LLC Reduced -287,097-287.1k
ENVESTNET ASSET MANAGEMENT INC Reduced -225,058-225.1k
BARCLAYS PLC Reduced -187,600-187.6k
MORGAN STANLEY Reduced -159,399-159.4k
OSAIC HOLDINGS, INC. Reduced -109,106-109.1k

Biggest calls

CITADEL ADVISORS LLC Added $67.8m2.1m shares
Weiss Asset Management LP New $32.6m1.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $25.7m796.6k shares
EXCHANGE TRADED CONCEPTS, LLC New $16.1m499.4k shares
WOLVERINE TRADING, LLC Reduced $14.0m432.7k shares
Walleye Trading LLC Reduced $10.9m336.9k shares
CastleKnight Management LP New $6.3m195.0k shares
Symmetry Investments LP Added $4.6m142.1k shares
Belvedere Trading LLC Added $4.5m138.1k shares
SUMMIT SECURITIES GROUP LLC Reduced $3.1m96.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $148.8m4.6m shares
CITADEL ADVISORS LLC Reduced $47.2m1.5m shares
Walleye Trading LLC Reduced $9.6m297.1k shares
WOLVERINE TRADING, LLC Reduced $6.8m209.2k shares
Hunting Hill Global Capital, LLC New $5.5m170.0k shares
Belvedere Trading LLC Reduced $2.5m78.5k shares
DRW Securities, LLC New $2.1m65.9k shares
SUMMIT SECURITIES GROUP LLC New $129.0k4.0k shares
HAP Trading, LLC Added $42.6k30.1k shares
Cutler Group LLC / CA Reduced $05.1k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.80% of their portfolio NEW YORK, NY 19,154,63719.2m $618.7m $618.7m 0.80% Added +12.1m +12,081,007
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.38% of their portfolio BALA CYNWYD, PA 7,907,8277.9m $255.4m $255.4m 0.38% Added +2.9m +2,886,678
3 RK Capital Management, LLC/FL 64.31% of their portfolio Weston, FL 3,275,6003.3m $105.8m $105.8m 64.31% Added +3.1m +3,087,400
4 Acorns Advisers, LLC 0.75% of their portfolio IRVINE, CA 2,067,5062.1m $66.8m $66.8m 0.75% Reduced -105.2k -105,211
5 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 981,014981.0k $31.7m $31.7m 0.05% New
6 SIMPLEX TRADING, LLC 0.85% of their portfolio CHICAGO, IL 906,491906.5k $29.3m $29.3m 0.85% Added +309.8k +309,754
7 Faithward Advisors, LLC 4.56% of their portfolio LANCASTER, PA 777,236777.2k $25.1m $25.1m 4.56% Reduced -12.1k -12,112
8 SYLEBRA CAPITAL LLC 0.83% of their portfolio PALO ALTO, CA 773,865773.9k $25.0m $25.0m 0.83% New
9 WOLVERINE TRADING, LLC 0.23% of their portfolio CHICAGO, IL 694,551694.6k $22.4m $22.4m 0.23% Added +667.0k +666,963
10 SUMMIT SECURITIES GROUP LLC 9.24% of their portfolio NEW YORK, NY 625,600625.6k $20.2m $20.2m 9.24% Added +622.8k +622,800
11 WHITEBOX ADVISORS LLC 0.66% of their portfolio MINNEAPOLIS, MN 538,000538.0k $17.4m $17.4m 0.66% Added +158.2k +158,175
12 Jump Financial, LLC 0.40% of their portfolio Chicago, IL 453,633453.6k $14.7m $14.7m 0.40% New
13 United Capital Management of KS, Inc. 3.03% of their portfolio SALINA, KS 409,545409.5k $13.2m $13.2m 3.03% New
14 Paragon Advisors, LLC 4.45% of their portfolio COLLEGE STATION, TX 341,998342.0k $11.0m $11.0m 4.45% Reduced -315.1k -315,098
15 IMC-Chicago, LLC 0.37% of their portfolio CHICAGO, IL 329,456329.5k $10.6m $10.6m 0.37% New
16 Marathon Trading Investment Management LLC 3.84% of their portfolio RADNOR, PA 300,101300.1k $9.7m $9.7m 3.84% New
17 ARK Investment Management LLC 0.06% of their portfolio ST. PETERSBURG, FL 275,354275.4k $8.9m $8.9m 0.06% Reduced -4.3m -4,273,853
18 Proficio Capital Partners LLC 0.89% of their portfolio NEWTON, MA 249,695249.7k $8.1m $8.1m 0.89% Added +188.6k +188,580
19 FNY Investment Advisers, LLC 4.16% of their portfolio NEW YORK, NY 212,800212.8k $6.9m $6.9m 4.16% New
20 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 191,481191.5k $6.2m $6.2m 0.01% Reduced -287.1k -287,097
21 TOTAL INVESTMENT MANAGEMENT INC 0.77% of their portfolio SCOTTSDALE, AZ 190,241190.2k $6.1m $6.1m 0.77% Reduced -25.6k -25,567
22 MFA WEALTH ADVISORS, LLC 1.61% of their portfolio PITTSBURGH, PA 189,434189.4k $6.1m $6.1m 1.61% Reduced -17.8k -17,784
23 Simplicity Wealth,LLC 0.01% of their portfolio SUMMIT, NJ 167,758167.8k $581.0k $581.0k 0.01% New
24 K2 PRINCIPAL FUND, L.P. 1.00% of their portfolio TORONTO, A6 130,128130.1k $4.2m $4.2m 1.00% New
25 IHT Wealth Management, LLC 0.13% of their portfolio Chicago, IL 97,16497.2k $3.1m $3.1m 0.13% Reduced -20.0k -20,037
26 Tower Research Capital LLC (TRC) 0.06% of their portfolio NEW YORK, NY 76,42576.4k $2.5m $2.5m 0.06% New
27 DRW Securities, LLC 0.13% of their portfolio CHICAGO, IL 70,69370.7k $2.3m $2.3m 0.13% New
28 Stegent Equity Advisors, Inc. 2.26% of their portfolio HOUSTON, TX 68,80368.8k $2.2m $2.2m 2.26% Reduced -6.1k -6,120
29 Diametric Capital, LP 1.19% of their portfolio BOSTON, MA 66,51566.5k $2.1m $2.1m 1.19% New
30 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 60,65160.7k $2.0m $2.0m 0.00% Reduced -225.1k -225,058
31 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 56,31156.3k $1.8m $1.8m 0.01% Added +19.8k +19,755
32 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 53,34653.3k $1.7m $1.7m 0.01% Reduced -16.3k -16,276
33 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 53,20553.2k $1.7m $1.7m 0.00% Added +5.4k +5,427
34 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 52,33952.3k $1.7m $1.7m 0.01% Reduced -15.6k -15,570
35 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 50,80250.8k $1.6m $1.6m 0.00% Reduced -9.0k -9,024
36 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 45,61845.6k $1.5m $1.5m 0.04% New
37 Atlantic Union Bankshares Corp 0.12% of their portfolio GLEN ALLEN, VA 45,58645.6k $1.5m $1.5m 0.12% Unchanged
38 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 40,01340.0k $1.3m $1.3m 0.00% Reduced -52.9k -52,885
39 Gradient Investments LLC 0.03% of their portfolio ARDEN HILLS, MN 39,15639.2k $1.3m $1.3m 0.03% Added +3.4k +3,399
40 Dynamic Advisor Solutions LLC 0.04% of their portfolio PHOENIX, AZ 38,29538.3k $1.2m $1.2m 0.04% Reduced -1.6k -1,609
41 FORTE ASSET MANAGEMENT LLC 0.75% of their portfolio BEDFORD, NY 38,19138.2k $1.2m $1.2m 0.75% Reduced -57.7k -57,686
42 Perigon Wealth Management, LLC 0.04% of their portfolio SAN FRANCISCO, CA 38,18838.2k $1.2m $1.2m 0.04% Reduced -18.3k -18,272
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 36,07236.1k $1.2m $1.2m 0.00% Reduced -10.6m -10,602,496
44 STRATEGY ASSET MANAGERS LLC 0.24% of their portfolio PASADENA, CA 35,21235.2k $1.1m $1.1m 0.24% Added +4.4k +4,380
45 3EDGE Asset Management, LP 0.09% of their portfolio Naples, FL 35,10535.1k $1.1m $1.1m 0.09% Reduced -8.6k -8,634
46 Prosperity Wealth Management, Inc. 0.53% of their portfolio San Ramon, CA 34,95035.0k $1.1m $1.1m 0.53% New
47 Park Edge Advisors, LLC 0.31% of their portfolio Cleveland, OH 34,20734.2k $1.1m $1.1m 0.31% New
48 Sassicaia Capital Advisers LLC 4.41% of their portfolio JERICHO, NY 32,20032.2k $1.0m $1.0m 4.41% Reduced -2.8k -2,800
49 Bull Oak Capital, LLC 0.67% of their portfolio RANCHO SANTA FE, CA 30,89230.9k $997.8k $997.8k 0.67% Reduced -4.6k -4,613
50 Delta Investment Management, LLC 0.22% of their portfolio SAN FRANCISCO, CA 30,14630.1k $973.7k $973.7k 0.22% Added +6.2k +6,200
51 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 26,85426.9k $867.4k $867.4k 0.02% New
52 STEVENS CAPITAL MANAGEMENT LP 0.16% of their portfolio RADNOR, PA 25,78925.8k $833.0k $833.0k 0.16% New
53 Constant Guidance Financial LLC 0.69% of their portfolio ATTLEBORO FALLS, MA 25,04425.0k $752.2k $752.2k 0.69% New
54 Cyndeo Wealth Partners, LLC 0.07% of their portfolio ST. PETERSBURG, FL 24,26824.3k $783.9k $783.9k 0.07% Reduced -3.8k -3,764
55 PRELUDE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio NEW YORK, NY 24,22324.2k $782.4k $782.4k 0.05% Reduced -25.8k -25,777
56 Headlands Technologies LLC 0.18% of their portfolio CHICAGO, IL 23,51123.5k $759.4k $759.4k 0.18% Added +7.7k +7,664
57 Precision Wealth Strategies, LLC 0.71% of their portfolio SAINT LOUIS, MO 23,20823.2k $749.6k $749.6k 0.71% Added +1.8k +1,786
58 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 22,69022.7k $732.9k $732.9k 0.00% New
59 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 22,51922.5k $727.0k $727.0k 0.00% Not comparable
60 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 22,16522.2k $715.9k $715.9k 0.02% Reduced -47.7k -47,747
61 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 21,71021.7k $701.2k $701.2k 0.01% Added +4.3k +4,329
62 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 21,71021.7k $701.2k $701.2k 0.01% Added +4.3k +4,329
63 UBS Group AG 0.00% of their portfolio ZURICH, V8 21,13521.1k $682.7k $682.7k 0.00% Added +21.1k +21,115
64 Evolution Wealth Advisors, LLC 0.13% of their portfolio AVENTURA, FL 20,48220.5k $661.6k $661.6k 0.13% Reduced -5.4k -5,400
65 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 20,42320.4k $659.7k $659.7k 0.00% Reduced -109.1k -109,106
66 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 20,22320.2k $653.2k $653.2k 0.00% Reduced -4.5k -4,509
67 PFG Investments, LLC 0.04% of their portfolio WOODBURY, NY 20,05320.1k $647.7k $647.7k 0.04% New
68 Sepio Capital, LP 0.06% of their portfolio Salt Lake City, UT 20,00020.0k $646.0k $646.0k 0.06% Reduced -10.0k -10,000
69 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 19,88319.9k $642.2k $642.2k 0.00% Added +9.0k +9,022
70 Kingsview Wealth Management, LLC 0.02% of their portfolio GRANTS PASS, OR 19,34019.3k $624.7k $624.7k 0.02% Reduced -630 -630
71 Diligent Investors, LLC 0.15% of their portfolio REDLANDS, CA 18,49518.5k $597.4k $597.4k 0.15% Reduced -1.8k -1,786
72 Mariner, LLC 0.00% of their portfolio Overland Park, KS 18,46818.5k $596.5k $596.5k 0.00% Added +1.6k +1,627
73 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 18,21518.2k $588.3k $588.3k 0.00% Reduced -16.0k -16,014
74 NKCFO LLC 0.35% of their portfolio GENEVA, IL 18,00018.0k $581.0k $581.0k 0.35% Reduced -20.0k -20,000
75 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 17,99018.0k $581.1k $581.1k 0.00% Added +644 +644
76 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 17,12117.1k $553.0k $553.0k 0.01% Reduced -8.9k -8,944
77 CX Institutional 0.03% of their portfolio AUBURN, IN 16,94016.9k $547.2k $547.2k 0.03% Added +2.8k +2,758
78 Altiora Financial Group, LLC 0.14% of their portfolio LEBANON, OH 16,50016.5k $533.0k $533.0k 0.14% Reduced -8.9k -8,857
79 HAP Trading, LLC 0.16% of their portfolio NEW YORK, NY 16,13716.1k $521.2k $521.2k 0.16% New
80 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 15,00015.0k $484.5k $484.5k 0.00% New
81 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 14,71914.7k $475.4k $475.4k 0.01% Reduced -48 -48
82 SevenBridge Financial Group, LLC 0.08% of their portfolio HARRISBURG, PA 14,60614.6k $368.4k $368.4k 0.08% Reduced -1.2k -1,225
83 Revisor Wealth Management LLC 0.14% of their portfolio AKRON, OH 13,84613.8k $301.0k $301.0k 0.14% New
84 FSA WEALTH PARTNERS, INC. 0.11% of their portfolio Rockville, MD 13,70113.7k $442.5k $442.5k 0.11% New
85 Sowell Financial Services LLC 0.02% of their portfolio NORTH LITTLE ROCK, AR 13,53413.5k $437.0k $437.0k 0.02% New
86 JEPPSON WEALTH MANAGEMENT, LLC 0.17% of their portfolio MANHATTAN BEACH, CA 13,19913.2k $426.3k $426.3k 0.17% Unchanged
87 SANDERS MORRIS HARRIS LLC 0.08% of their portfolio Houston, TX 12,71612.7k $410.7k $410.7k 0.08% Added +30 +30
88 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 11,97912.0k $386.9k $386.9k 0.01% Added +1.4k +1,373
89 Mirador Capital Partners LP 0.07% of their portfolio PLEASANTON, CA 11,35611.4k $366.8k $366.8k 0.07% New
90 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 11,13411.1k $359.6k $359.6k 0.01% Reduced -39.0k -38,972
91 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 10,99611.0k $355.2k $355.2k 0.00% Added +937 +937
92 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 10,63410.6k $343.0k $343.0k 0.00% New
93 Prime Capital Investment Advisors, LLC 0.00% of their portfolio OVERLAND PARK, KS 10,11410.1k $326.7k $326.7k 0.00% Reduced -986 -986
94 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.01% of their portfolio Seattle, WA 9,95610.0k $321.6k $321.6k 0.01% New
95 Wick Capital Partners, LLC 0.31% of their portfolio WAYNE, PA 9,8509.8k $318.2k $318.2k 0.31% New
96 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 9,4619.5k $289.9k $289.9k 0.00% Reduced -16.0k -16,024
97 Redhawk Wealth Advisors, Inc. 0.05% of their portfolio MINNEAPOLIS, MN 9,4009.4k $303.6k $303.6k 0.05% New
98 Thrive Wealth Management, LLC 0.06% of their portfolio AUDUBON, PA 8,8268.8k $285.1k $285.1k 0.06% New
99 Avestar Capital, LLC 0.03% of their portfolio New York, NY 8,7008.7k $281.0k $281.0k 0.03% Reduced -25.8k -25,815
100 RWA WEALTH PARTNERS, LLC 0.00% of their portfolio BOSTON, MA 8,5088.5k $274.8k $274.8k 0.00% New