Vault-13

PROSHARES TR SSO

PSHS ULT S&P 500 · ETP · CUSIP 74347R107

230 institutional holders +15 vs Q1 2025
14,498,33814.5m shares reported held*
$1.4bnreported value*
43 new 75 added 53 reduced 30 sold out net bought ≈ $788.7m (+8.1m 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 ($246.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $97.83. Options: 6 managers hold calls ($94.9m notional), 4 hold puts ($54.5m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 144Q4 22: 157Q1 23: 163Q2 23: 177Q3 23: 163Q4 23: 192Q1 24: 188Q2 24: 204Q3 24: 211Q4 24: 243Q1 25: 215Q2 25: 230230Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022144
Q4 2022157
Q1 2023163
Q2 2023177
Q3 2023163
Q4 2023192
Q1 2024188
Q2 2024204
Q3 2024211
Q4 2024243
Q1 2025215
Q2 2025230

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 61 bought or addedQ3 23: 87 cut or sold outQ4 23: 91 bought or addedQ4 23: 64 cut or sold outQ4 23Q1 24: 72 bought or addedQ1 24: 93 cut or sold outQ2 24: 90 bought or addedQ2 24: 63 cut or sold outQ2 24Q3 24: 89 bought or addedQ3 24: 101 cut or sold outQ4 24: 103 bought or addedQ4 24: 90 cut or sold outQ4 24Q1 25: 83 bought or addedQ1 25: 115 cut or sold outQ2 25: 118 bought or addedQ2 25: 83 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236187
Q4 20239164
Q1 20247293
Q2 20249063
Q3 202489101
Q4 202410390
Q1 202583115
Q2 202511883

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 24 calls: $86.2mQ3 24 puts: $58.3mQ3 24P/C 0.68Q4 24 calls: $100.7mQ4 24 puts: $61.1mQ4 24P/C 0.61Q1 25 calls: $65.8mQ1 25 puts: $32.1mQ1 25P/C 0.49Q2 25 calls: $94.9mQ2 25 puts: $54.5mQ2 25P/C 0.57
Numbers
QuarterCallsPutsP/C
Q3 2024$86.2m$58.3m0.68
Q4 2024$100.7m$61.1m0.61
Q1 2025$65.8m$32.1m0.49
Q2 2025$94.9m$54.5m0.57

Biggest buyers

Howard Capital Management, LLC New +6,959,690+7.0m
Sollinda Capital Management LLC Added +640,062+640.1k
PINKERTON WEALTH, LLC New +303,697+303.7k
Revere Asset Management, Inc New +271,343+271.3k
Robinson Value Management, Ltd. New +236,118+236.1k
Capital Investment Advisory Services, LLC Added +152,405+152.4k
Client First Investment Management LLC New +143,550+143.6k
Cambridge Investment Research Advisors, Inc. Added +113,480+113.5k
KINGSWOOD WEALTH ADVISORS, LLC Added +113,120+113.1k
Marshall Financial Group, LLC Added +79,559+79.6k

Biggest sellers

GOLDMAN SACHS GROUP INC Sold out -501,616-501.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -151,072-151.1k
HARBOR CAPITAL ADVISORS, INC. Sold out -94,800-94.8k
SP Asset Management LLC Reduced -87,215-87.2k
Bison Wealth, LLC Reduced -79,828-79.8k
AXXCESS WEALTH MANAGEMENT, LLC Reduced -79,634-79.6k
Encompass More Asset Management Sold out -76,241-76.2k
HERITAGE OAK WEALTH ADVISORS LLC Sold out -65,763-65.8k
IMC-Chicago, LLC Sold out -63,687-63.7k
FLOW TRADERS U.S. LLC Reduced -49,194-49.2k

Biggest calls

CITADEL ADVISORS LLC Added $56.6m578.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $18.9m193.3k shares
IMC-Chicago, LLC Added $15.1m154.8k shares
GROUP ONE TRADING LLC Added $2.7m27.8k shares
JANE STREET GROUP, LLC Reduced $1.6m16.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $28.5m292.0k shares
CITADEL ADVISORS LLC Reduced $15.4m158.1k shares
JANE STREET GROUP, LLC Added $7.5m76.3k shares
Lido Advisors, LLC New $3.1m31.5k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 10.20% of their portfolio Alpharetta, GA 6,959,6907.0m $681.5m $681.5m 10.20% New
2 Sollinda Capital Management LLC 17.00% of their portfolio HICKORY, NC 667,894667.9k $65.3m $65.3m 17.00% Added +640.1k +640,062
3 Main Street Group, LTD 18.46% of their portfolio GLEN ALLEN, VA 580,770580.8k $56.8m $56.8m 18.46% Added +17.4k +17,385
4 TTP Investments, Inc. 12.20% of their portfolio San Jose, CA 380,651380.7k $37.2m $37.2m 12.20% Added +60.4k +60,361
5 Ridgepath Capital Management LLC 15.98% of their portfolio Knoxville, TN 355,774355.8k $34.8m $34.8m 15.98% Reduced -30.4k -30,423
6 PINKERTON WEALTH, LLC 3.54% of their portfolio COEUR D ALENE, ID 303,697303.7k $29.7m $29.7m 3.54% New
7 Revere Asset Management, Inc 12.87% of their portfolio DALLAS, TX 271,343271.3k $26.5m $26.5m 12.87% New
8 Marshall Financial Group, LLC 4.89% of their portfolio Hunt Valley, MD 252,979253.0k $24.9m $24.9m 4.89% Added +79.6k +79,559
9 Robinson Value Management, Ltd. 14.50% of their portfolio SAN ANTONIO, TX 236,118236.1k $23.1m $23.1m 14.50% New
10 Capital Investment Advisory Services, LLC 1.37% of their portfolio RALEIGH, NC 171,543171.5k $16.8m $16.8m 1.37% Added +152.4k +152,405
11 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 169,639169.6k $16.6m $16.6m 0.02% Added +3.9k +3,864
12 Spire Wealth Management 0.57% of their portfolio MCLEAN, VA 162,573162.6k $15.9m $15.9m 0.57% Added +22.4k +22,421
13 Asset Management Group, Inc. 2.55% of their portfolio STAMFORD, CT 149,470149.5k $14.6m $14.6m 2.55% Added +626 +626
14 AXXCESS WEALTH MANAGEMENT, LLC 0.34% of their portfolio CARLSBAD, CA 146,096146.1k $14.3m $14.3m 0.34% Reduced -79.6k -79,634
15 TOTH FINANCIAL ADVISORY CORP 1.65% of their portfolio LEESBURG, VA 144,620144.6k $14.1m $14.1m 1.65% Added +4.7k +4,656
16 Client First Investment Management LLC 8.60% of their portfolio West Bend, WI 143,550143.6k $14.0m $14.0m 8.60% New
17 Brookstone Capital Management 0.18% of their portfolio WHEATON, IL 140,591140.6k $13.7m $13.7m 0.18% Added +36.5k +36,475
18 NBZ Investment Advisors LLC 7.86% of their portfolio KNOXVILLE, TN 140,474140.5k $13.7m $13.7m 7.86% Reduced -203 -203
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 134,086134.1k $13.1m $13.1m 0.00% Reduced -14.8k -14,848
20 True Freedom Investing, LLC 4.89% of their portfolio COEUR D'ALENE, ID 127,225127.2k $12.4m $12.4m 4.89% First filing
21 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 124,110124.1k $12.1m $12.1m 0.04% Added +113.5k +113,480
22 KINGSWOOD WEALTH ADVISORS, LLC 0.93% of their portfolio SAN DIEGO, CA 120,914120.9k $11.8m $11.8m 0.93% Added +113.1k +113,120
23 Global View Capital Management LLC 3.60% of their portfolio WAUKESHA, WI 115,259115.3k $11.3m $11.3m 3.60% Added +12.8k +12,850
24 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 103,345103.3k $10.1m $10.1m 0.01% Added +48.6k +48,632
25 LTG Capital LLC 8.12% of their portfolio FRAMINGHAM, MA 97,10597.1k $9.5m $9.5m 8.12% Unchanged
26 GenWealth Group, Inc. 1.79% of their portfolio Maplewood, NJ 91,03791.0k $8.9m $8.9m 1.79% Added +10.8k +10,753
27 INDEPENDENT FINANCIAL GROUP, LLC 0.24% of their portfolio SAN DIEGO, CA 88,26788.3k $8.6m $8.6m 0.24% Added +38.0k +37,960
28 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 84,06184.1k $8.2m $8.2m 0.04% Added +272 +272
29 Capital Investment Counsel, Inc 1.04% of their portfolio RALEIGH, NC 80,15080.2k $7.8m $7.8m 1.04% Reduced -150 -150
30 RIA Advisory Group LLC 1.84% of their portfolio Des Moines, IA 64,11864.1k $6.3m $6.3m 1.84% New
31 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 62,63462.6k $6.1m $6.1m 0.00% Added +7.5k +7,473
32 Tempus Wealth Planning, LLC 1.51% of their portfolio IRVINE, CA 61,83061.8k $6.0m $6.0m 1.51% New
33 UNIQUE WEALTH, LLC 0.94% of their portfolio TAMPA, FL 59,69159.7k $5.8m $5.8m 0.94% Reduced -15.4k -15,359
34 SMITH CHAS P & ASSOCIATES PA CPAS 0.32% of their portfolio LAKELAND, FL 57,47357.5k $5.6m $5.6m 0.32% Unchanged
35 SP Asset Management LLC 0.42% of their portfolio CUPERTINO, CA 52,24052.2k $5.1m $5.1m 0.42% Reduced -87.2k -87,215
36 CROWLEY WEALTH MANAGEMENT, INC. 4.34% of their portfolio WILMINGTON, DE 48,74948.7k $4.8m $4.8m 4.34% Reduced -6 -6
37 Ashton Thomas Private Wealth, LLC 0.15% of their portfolio SCOTTSDALE, AZ 42,35142.4k $4.1m $4.1m 0.15% New
38 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 42,31642.3k $4.1m $4.1m 0.00% Reduced -16.9k -16,940
39 GTS SECURITIES LLC 0.17% of their portfolio NEW YORK, NY 38,17638.2k $3.7m $3.7m 0.17% New
40 FIRST NATIONAL CORP /MA/ /ADV 0.63% of their portfolio ROCKLAND, MA 32,13232.1k $3.1m $3.1m 0.63% Unchanged
41 Apollon Financial, LLC 0.65% of their portfolio MOUNT PLEASANT, SC 31,80031.8k $3.1m $3.1m 0.65% Added +700 +700
42 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 30,07730.1k $2.9m $2.9m 0.01% Added +9.2k +9,210
43 Plotkin Financial Advisors, LLC 1.60% of their portfolio CHEVY CHASE, MD 29,76729.8k $2.9m $2.9m 1.60% Reduced -13.8k -13,779
44 CENTAURUS FINANCIAL, INC. 0.17% of their portfolio ANAHEIM, CA 29,71029.7k $2.9m $2.9m 0.17% Added +18.9k +18,946
45 Prosperity Wealth Management, Inc. 1.02% of their portfolio San Ramon, CA 28,23428.2k $2.8m $2.8m 1.02% Added +12.5k +12,492
46 Innova Wealth Partners 1.60% of their portfolio NEWTOWN, PA 27,91027.9k $2.7m $2.7m 1.60% Added +2.0k +2,014
47 Sowell Financial Services LLC 0.11% of their portfolio NORTH LITTLE ROCK, AR 27,48127.5k $2.7m $2.7m 0.11% Reduced -1.1k -1,051
48 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 26,11926.1k $2.6m $2.6m 0.00% Added +333 +333
49 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 25,99026.0k $2.5m $2.5m 0.00% Added +13.1k +13,111
50 Professional Financial Advisors, LLC 0.58% of their portfolio NORTH PLATTE, NE 25,47825.5k $2.5m $2.5m 0.58% Added +862 +862
51 NewEdge Wealth, LLC 0.04% of their portfolio STAMFORD, CT 24,05324.1k $2.4m $2.4m 0.04% Reduced -18.1k -18,113
52 D. SCOTT NEAL, INC. 1.11% of their portfolio LEXINGTON, KY 22,68822.7k $2.2m $2.2m 1.11% Unchanged
53 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 22,28322.3k $2.2m $2.2m 0.00% Added +18.7k +18,683
54 Koshinski Asset Management, Inc. 0.16% of their portfolio DECATUR, IL 21,67621.7k $2.1m $2.1m 0.16% Reduced -298 -298
55 Valeo Financial Advisors, LLC 0.05% of their portfolio CARMEL, IN 20,13220.1k $2.0m $2.0m 0.05% New
56 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 20,00020.0k $2.0m $2.0m 0.00% Reduced -20.0k -20,000
57 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 19,61319.6k $1.9m $1.9m 0.01% New
58 Clear Creek Financial Management, LLC 0.18% of their portfolio SILVERDALE, WA 19,41019.4k $1.9m $1.9m 0.18% New
59 Mariner, LLC 0.00% of their portfolio Overland Park, KS 18,76018.8k $1.8m $1.8m 0.00% Reduced -1.0k -1,024
60 Sovereign Financial Group, Inc. 0.36% of their portfolio STAMFORD, CT 18,02618.0k $1.8m $1.8m 0.36% Added +27 +27
61 Meridian Wealth Management, LLC 0.07% of their portfolio LEXINGTON, KY 17,64617.6k $1.7m $1.7m 0.07% Added +1.5k +1,515
62 Legacy Investment Solutions, LLC 0.90% of their portfolio BOISE, ID 17,34017.3k $1.7m $1.7m 0.90% First filing
63 Legacy Wealth Managment, LLC/ID 0.90% of their portfolio BOISE, ID 17,34017.3k $1.7m $1.7m 0.90% Added +17.3k +17,254
64 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 16,37516.4k $1.6m $1.6m 0.00% Added +6.1k +6,063
65 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 15,81615.8k $1.5m $1.5m 0.00% Reduced -10.3k -10,284
66 Strategic Blueprint, LLC 0.08% of their portfolio ATLANTA, GA 15,78115.8k $1.5m $1.5m 0.08% Added +5.9k +5,875
67 FLOW TRADERS U.S. LLC 0.05% of their portfolio NEW YORK, NY 15,13415.1k $1.5m $1.5m 0.05% Reduced -49.2k -49,194
68 Discipline Wealth Solutions, LLC 0.56% of their portfolio GREENVILLE, SC 14,96215.0k $1.5m $1.5m 0.56% Added +853 +853
69 PMV Capital Advisers, LLC 3.23% of their portfolio DALLAS, TX 14,82614.8k $1.4m $1.4m 3.23% Reduced -3.0k -2,992
70 GeoWealth Management, LLC 0.05% of their portfolio CHICAGO, IL 14,27214.3k $1.4m $1.4m 0.05% Reduced -964 -964
71 FSA WEALTH PARTNERS, INC. 0.67% of their portfolio Rockville, MD 14,25514.3k $1.4m $1.4m 0.67% New
72 Safe Harbor Fiduciary, LLC 1.24% of their portfolio PENSACOLA, FL 13,57613.6k $1.3m $1.3m 1.24% Reduced -597 -597
73 MGO ONE SEVEN LLC 0.04% of their portfolio Beachwood, OH 13,11613.1k $1.3m $1.3m 0.04% Added +9.3k +9,302
74 Rollins Financial Advisors, LLC 0.20% of their portfolio ATLANTA, GA 12,56712.6k $1.2m $1.2m 0.20% Added +341 +341
75 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 12,55712.6k $1.2m $1.2m 0.02% Reduced -884 -884
76 SkyOak Wealth, LLC 0.24% of their portfolio SOUTHFIELD, MI 12,31412.3k $1.2m $1.2m 0.24% Added +2.0k +2,011
77 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 12,22712.2k $1.2m $1.2m 0.01% Added +11.0k +10,999
78 SPROTT INC. 0.06% of their portfolio TORONTO, A6 12,20012.2k $1.2m $1.2m 0.06% Unchanged
79 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 12,12712.1k $1.2m $1.2m 0.00% Reduced -46.1k -46,150
80 DONALDSON CAPITAL MANAGEMENT, LLC 0.04% of their portfolio EVANSVILLE, IN 12,00012.0k $1.2m $1.2m 0.04% Unchanged
81 Modern Wealth Management, LLC 0.03% of their portfolio KANSAS CITY, MO 11,86311.9k $1.2m $1.2m 0.03% New
82 Evolution Wealth Advisors, LLC 0.16% of their portfolio AVENTURA, FL 11,53211.5k $1.1m $1.1m 0.16% Unchanged
83 Berger Financial Group, Inc 0.07% of their portfolio PLYMOUTH, MN 11,44411.4k $1.1m $1.1m 0.07% Added +679 +679
84 BROWN BROTHERS HARRIMAN & CO 0.01% of their portfolio NEW YORK, NY 11,25111.3k $1.1m $1.1m 0.01% Reduced -600 -600
85 Tower Research Capital LLC (TRC) 0.03% of their portfolio NEW YORK, NY 10,94210.9k $1.1m $1.1m 0.03% Added +10.8k +10,830
86 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 10,28510.3k $1.0m $1.0m 0.00% Added +4.9k +4,936
87 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 10,08710.1k $985.7k $985.7k 0.01% Added +1.9k +1,901
88 Select Asset Management & Trust 0.33% of their portfolio MECHANICSBURG, PA 10,00010.0k $977.0k $977.0k 0.33% New
89 Atria Wealth Solutions, Inc. 0.02% of their portfolio NEW YORK, NY 9,8289.8k $962.4k $962.4k 0.02% Added +4.2k +4,176
90 Chicago Partners Investment Group LLC 0.03% of their portfolio CHICAGO, IL 9,5979.6k $983.9k $983.9k 0.03% Reduced -242 -242
91 Avidian Wealth Enterprises, LLC 0.04% of their portfolio Houston, TX 9,5049.5k $928.7k $928.7k 0.04% Added +1.2k +1,184
92 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 9,4509.4k $923.5k $923.5k 0.00% Reduced -151.1k -151,072
93 Balboa Wealth Partners 0.18% of their portfolio SCOTTSDALE, AZ 9,3379.3k $912.4k $912.4k 0.18% New
94 Ausdal Financial Partners, Inc. 0.06% of their portfolio Davenport, IA 9,2909.3k $907.8k $907.8k 0.06% New
95 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 9,2869.3k $907.4k $907.4k 0.01% Reduced -759 -759
96 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 9,0559.1k $905.0k $905.0k 0.00% Added +167 +167
97 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 9,0249.0k $881.8k $881.8k 0.01% Added +4.2k +4,224
98 SteelPeak Wealth, LLC 0.03% of their portfolio WOODLAND HILLS, CA 8,8808.9k $869.6k $869.6k 0.03% Unchanged
99 AmeriServ Wealth Advisors 0.42% of their portfolio Johnstown, PA 8,6048.6k $840.8k $840.8k 0.42% Reduced -4.9k -4,884
100 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 8,5078.5k $831.3k $831.3k 0.00% Unchanged