Vault-13

PROSHARES TR SSO

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

215 institutional holders -48 vs Q4 2025
10,128,48610.1m shares reported held*
$529.2mreported value*
21 new 63 added 79 reduced 62 sold out net sold ≈ $1.1bn (-21.0m 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 ($9.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $52.25. Options: 5 managers hold calls ($59.7m notional), 5 hold puts ($36.1m).

Trends to Q1 2026

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: 230Q3 25: 242Q4 25: 263Q1 26: 215215Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025242
Q4 2025263
Q1 2026215

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 90 bought or addedQ2 24: 63 cut or sold outQ3 24: 89 bought or addedQ3 24: 101 cut or sold outQ3 24Q4 24: 103 bought or addedQ4 24: 90 cut or sold outQ1 25: 83 bought or addedQ1 25: 115 cut or sold outQ1 25Q2 25: 118 bought or addedQ2 25: 83 cut or sold outQ3 25: 111 bought or addedQ3 25: 99 cut or sold outQ3 25Q4 25: 110 bought or addedQ4 25: 109 cut or sold outQ1 26: 84 bought or addedQ1 26: 141 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20249063
Q3 202489101
Q4 202410390
Q1 202583115
Q2 202511883
Q3 202511199
Q4 2025110109
Q1 202684141

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ2 25 calls: $94.9mQ2 25 puts: $54.5mQ2 25P/C 0.57Q3 25 calls: $132.8mQ3 25 puts: $75.7mQ3 25P/C 0.57Q4 25 calls: $66.6mQ4 25 puts: $56.5mQ4 25P/C 0.85Q1 26 calls: $59.7mQ1 26 puts: $36.1mQ1 26P/C 0.60
Numbers
QuarterCallsPutsP/C
Q2 2025$94.9m$54.5m0.57
Q3 2025$132.8m$75.7m0.57
Q4 2025$66.6m$56.5m0.85
Q1 2026$59.7m$36.1m0.60

Biggest buyers

Virtue Capital Management, LLC New +392,767+392.8k
UBS Group AG Added +256,786+256.8k
FLOW TRADERS U.S. LLC New +149,908+149.9k
HARBOUR INVESTMENTS, INC. New +83,600+83.6k
PINKERTON WEALTH, LLC Added +71,597+71.6k
HRT FINANCIAL LP Added +67,024+67.0k
Lido Advisors, LLC Added +62,232+62.2k
Spire Wealth Management Added +49,539+49.5k
Massar Capital Management, LP Added +46,300+46.3k
Arta Finance Wealth Management LLC Added +38,926+38.9k

Biggest sellers

Howard Capital Management, LLC Sold out -13,775,520-13.8m
ASSETMARK, INC Reduced -3,435,212-3.4m
Revere Asset Management, Inc Sold out -508,989-509.0k
Sollinda Capital Management LLC Reduced -494,333-494.3k
Client First Investment Management LLC Reduced -422,004-422.0k
CWM, LLC Reduced -396,225-396.2k
True Freedom Investing, LLC Sold out -355,086-355.1k
TTP Investments, Inc. Reduced -342,583-342.6k
Global View Capital Management LLC Reduced -312,484-312.5k
NBZ Investment Advisors LLC Sold out -271,756-271.8k

Biggest calls

CITADEL ADVISORS LLC Reduced $15.8m305.1k shares
IMC-Chicago, LLC Added $15.8m304.0k shares
JANE STREET GROUP, LLC Added $14.5m278.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.5m202.2k shares
GROUP ONE TRADING LLC Added $3.1m60.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $20.0m385.4k shares
CITADEL ADVISORS LLC Reduced $8.3m160.3k shares
JANE STREET GROUP, LLC Reduced $4.3m83.2k shares
Lido Advisors, LLC Added $3.3m63.0k shares
Pavaki Capital Management LLC Unchanged $155.6k3.0k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Main Street Group, LTD 17.72% of their portfolio GLEN ALLEN, VA 1,163,0351.2m $60.3m $60.3m 17.72% Reduced -44.0k -43,998
2 PINKERTON WEALTH, LLC 3.95% of their portfolio COEUR D ALENE, ID 749,133749.1k $43.4m $43.4m 3.95% Added +71.6k +71,597
3 Spire Wealth Management 0.74% of their portfolio MCLEAN, VA 419,892419.9k $21.8m $21.8m 0.74% Added +49.5k +49,539
4 Virtue Capital Management, LLC 2.93% of their portfolio BRENTWOOD, TN 392,767392.8k $19.3m $19.3m 2.93% New
5 Ridgepath Capital Management LLC 9.54% of their portfolio Knoxville, TN 370,104370.1k $19.2m $19.2m 9.54% Added +14.7k +14,667
6 Asset Management Group, Inc. 2.41% of their portfolio STAMFORD, CT 287,739287.7k $14.9m $14.9m 2.41% Added +301 +301
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 284,742284.7k $14.8m $14.8m 0.00% Added +256.8k +256,786
8 TTP Investments, Inc. 5.97% of their portfolio San Jose, CA 276,176276.2k $14.3m $14.3m 5.97% Reduced -342.6k -342,583
9 Brookstone Capital Management 0.15% of their portfolio WHEATON, IL 254,208254.2k $13.2m $13.2m 0.15% Reduced -6.2k -6,227
10 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 250,546250.5k $13.0m $13.0m 0.01% Reduced -92.4k -92,433
11 TOTH FINANCIAL ADVISORY CORP 1.32% of their portfolio LEESBURG, VA 232,286232.3k $12.1m $12.1m 1.32% Reduced -16.9k -16,856
12 Portfolio Design Labs, LLC 2.09% of their portfolio ENCINO, CA 227,064227.1k $11.8m $11.8m 2.09% Reduced -8.2k -8,212
13 Arta Finance Wealth Management LLC 4.76% of their portfolio MOUNTAIN VIEW, CA 185,528185.5k $9.6m $9.6m 4.76% Added +38.9k +38,926
14 GenWealth Group, Inc. 1.55% of their portfolio Maplewood, NJ 175,122175.1k $9.1m $9.1m 1.55% Added +4.9k +4,887
15 INDEPENDENT FINANCIAL GROUP, LLC 0.20% of their portfolio SAN DIEGO, CA 171,199171.2k $8.9m $8.9m 0.20% Reduced -1.8k -1,836
16 Dedeker Financial LLC 7.62% of their portfolio ST. LOUIS PARK, MN 168,636168.6k $8.7m $8.7m 7.62% Added +13.1k +13,145
17 Ascent Group, LLC 0.30% of their portfolio VIRGINIA BEACH, VA 164,783164.8k $8.5m $8.5m 0.30% Reduced -10.5k -10,473
18 Capital Investment Counsel, Inc 1.01% of their portfolio RALEIGH, NC 159,042159.0k $8.3m $8.3m 1.01% Added +975 +975
19 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 153,468153.5k $8.0m $8.0m 0.00% Added +24.2k +24,200
20 Global View Capital Management LLC 2.11% of their portfolio WAUKESHA, WI 153,012153.0k $7.9m $7.9m 2.11% Reduced -312.5k -312,484
21 FLOW TRADERS U.S. LLC 0.25% of their portfolio NEW YORK, NY 149,908149.9k $7.8m $7.8m 0.25% New
22 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 139,425139.4k $7.2m $7.2m 0.03% Added +62.2k +62,232
23 KINGSWOOD WEALTH ADVISORS, LLC 0.34% of their portfolio SAN DIEGO, CA 137,447137.4k $7.1m $7.1m 0.34% Reduced -129.1k -129,127
24 Client First Investment Management LLC 3.18% of their portfolio West Bend, WI 118,057118.1k $6.1m $6.1m 3.18% Reduced -422.0k -422,004
25 SMITH CHAS P & ASSOCIATES PA CPAS 0.32% of their portfolio LAKELAND, FL 114,946114.9k $6.0m $6.0m 0.32% Unchanged
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 100,868100.9k $4.9m $4.9m 0.00% Reduced -7.7k -7,673
27 Ashton Thomas Private Wealth, LLC 0.12% of their portfolio SCOTTSDALE, AZ 97,58797.6k $5.1m $5.1m 0.12% Added +2.9k +2,850
28 Wealthcare Advisory Partners LLC 0.10% of their portfolio WEST CHESTER, PA 95,91895.9k $5.0m $5.0m 0.10% Unchanged
29 UNIQUE WEALTH, LLC 0.64% of their portfolio TAMPA, FL 89,23689.2k $4.6m $4.6m 0.64% Reduced -18.6k -18,613
30 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 86,63086.6k $4.5m $4.5m 0.02% Added +67.0k +67,024
31 HARBOUR INVESTMENTS, INC. 0.07% of their portfolio MADISON, WI 83,60083.6k $4.3m $4.3m 0.07% New
32 Marshall Financial Group, LLC 0.66% of their portfolio Hunt Valley, MD 79,84779.8k $4.1m $4.1m 0.66% Reduced -25.0k -24,975
33 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 62,54662.5k $3.2m $3.2m 0.00% Reduced -2.1k -2,112
34 Apollon Financial, LLC 0.44% of their portfolio MOUNT PLEASANT, SC 61,61261.6k $3.2m $3.2m 0.44% Added +5 +5
35 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 60,71860.7k $3.2m $3.2m 0.00% Reduced -7.1k -7,144
36 Innova Wealth Partners 1.44% of their portfolio NEWTOWN, PA 58,38458.4k $3.0m $3.0m 1.44% Reduced -439 -439
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 58,04158.0k $3.0m $3.0m 0.00% Added +3.7k +3,708
38 Plotkin Financial Advisors, LLC 1.45% of their portfolio CHEVY CHASE, MD 55,59855.6k $2.9m $2.9m 1.45% Reduced -3.1k -3,088
39 Massar Capital Management, LP 0.56% of their portfolio STAMFORD, CT 53,88053.9k $2.8m $2.8m 0.56% Added +46.3k +46,300
40 SP Asset Management LLC 0.24% of their portfolio CUPERTINO, CA 51,58851.6k $2.7m $2.7m 0.24% Added +55 +55
41 Sowell Financial Services LLC 0.10% of their portfolio NORTH LITTLE ROCK, AR 51,48551.5k $2.7m $2.7m 0.10% Reduced -48.2k -48,234
42 Professional Financial Advisors, LLC 0.53% of their portfolio NORTH PLATTE, NE 50,05250.1k $2.6m $2.6m 0.53% Reduced -3.3k -3,273
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 49,77249.8k $2.6m $2.6m 0.00% Added +5.2k +5,206
44 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 49,63049.6k $2.6m $2.6m 0.00% Added +25.3k +25,298
45 Capital Investment Advisory Services, LLC 0.18% of their portfolio RALEIGH, NC 47,38847.4k $2.5m $2.5m 0.18% Reduced -175.3k -175,324
46 Mariner, LLC 0.00% of their portfolio Overland Park, KS 45,73845.7k $2.4m $2.4m 0.00% Added +329 +329
47 Koshinski Asset Management, Inc. 0.15% of their portfolio DECATUR, IL 45,07145.1k $2.3m $2.3m 0.15% Added +513 +513
48 Stratos Wealth Partners, LTD. 0.03% of their portfolio BEACHWOOD, OH 44,86044.9k $2.3m $2.3m 0.03% Added +23.6k +23,575
49 NewEdge Wealth, LLC 0.03% of their portfolio STAMFORD, CT 44,70544.7k $2.3m $2.3m 0.03% Unchanged
50 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 42,54742.5k $2.2m $2.2m 0.00% Reduced -24.2k -24,233
51 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 42,48842.5k $2.5m $2.5m 0.00% Added +2.5k +2,488
52 Sollinda Capital Management LLC 0.53% of their portfolio HICKORY, NC 42,07042.1k $2.2m $2.2m 0.53% Reduced -494.3k -494,333
53 PMV Capital Advisers, LLC 3.63% of their portfolio DALLAS, TX 41,48041.5k $2.2m $2.2m 3.63% Reduced -397 -397
54 Valeo Financial Advisors, LLC 0.05% of their portfolio CARMEL, IN 40,03640.0k $2.1m $2.1m 0.05% Unchanged
55 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 38,38838.4k $2.0m $2.0m 0.00% Added +6.2k +6,214
56 Larson Financial Group LLC 0.06% of their portfolio ST LOUIS, MO 38,00038.0k $2.0m $2.0m 0.06% Reduced -14.0k -13,965
57 Sovereign Financial Group, Inc. 0.33% of their portfolio STAMFORD, CT 36,03836.0k $1.9m $1.9m 0.33% Reduced -14 -14
58 Meridian Wealth Management, LLC 0.06% of their portfolio LEXINGTON, KY 34,55134.6k $1.8m $1.8m 0.06% Added +727 +727
59 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 33,46833.5k $1.7m $1.7m 0.00% New
60 Rollins Financial Advisors, LLC 0.24% of their portfolio ATLANTA, GA 29,77629.8k $1.5m $1.5m 0.24% Reduced -46 -46
61 Legacy Wealth Partners, LLC 0.38% of their portfolio Lakewood, CO 29,37029.4k $1.5m $1.5m 0.38% Reduced -137.5k -137,512
62 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 29,01329.0k $1.5m $1.5m 0.00% Reduced -3.4m -3,435,212
63 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 28,20428.2k $1.5m $1.5m 0.00% New
64 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 27,57627.6k $1.4m $1.4m 0.00% Reduced -64.8k -64,842
65 GeoWealth Management, LLC 0.05% of their portfolio CHICAGO, IL 27,40027.4k $1.4m $1.4m 0.05% Reduced -828 -828
66 ZEGA Investments, LLC 0.27% of their portfolio PALM BEACH GARDENS, FL 27,37527.4k $1.4m $1.4m 0.27% New
67 MGO ONE SEVEN LLC 0.03% of their portfolio Beachwood, OH 25,72025.7k $1.3m $1.3m 0.03% Added +174 +174
68 Beacon Capital Management, Inc. 0.07% of their portfolio DAYTON, OH 25,14725.1k $1.3m $1.3m 0.07% Reduced -11.1k -11,128
69 Richmond Brothers, Inc. 0.86% of their portfolio JACKSON, MI 24,98025.0k $1.3m $1.3m 0.86% Reduced -11.0k -10,961
70 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 24,60224.6k $1.3m $1.3m 0.01% Added +60 +60
71 SPROTT INC. 0.04% of their portfolio TORONTO, A6 24,40024.4k $1.3m $1.3m 0.04% Unchanged
72 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 24,34324.3k $1.3m $1.3m 0.00% Added +12.9k +12,933
73 Strategic Blueprint, LLC 0.07% of their portfolio ATLANTA, GA 24,27624.3k $1.3m $1.3m 0.07% Reduced -359 -359
74 DONALDSON CAPITAL MANAGEMENT, LLC 0.04% of their portfolio EVANSVILLE, IN 24,08024.1k $1.2m $1.2m 0.04% Unchanged
75 DIVERSIFIED TRUST CO 0.02% of their portfolio MEMPHIS, TN 24,00024.0k $1.2m $1.2m 0.02% Unchanged
76 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 23,38123.4k $1.2m $1.2m 0.00% Reduced -3.2k -3,236
77 Evolution Wealth Advisors, LLC 0.12% of their portfolio AVENTURA, FL 23,13423.1k $1.2m $1.2m 0.12% Added +8 +8
78 Berger Financial Group, Inc 0.07% of their portfolio PLYMOUTH, MN 22,83022.8k $1.2m $1.2m 0.07% Added +100 +100
79 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 22,70322.7k $1.2m $1.2m 0.00% Reduced -427 -427
80 RIA Advisory Group LLC 0.29% of their portfolio Des Moines, IA 22,64522.6k $1.2m $1.2m 0.29% Reduced -16.8k -16,809
81 SkyOak Wealth, LLC 0.20% of their portfolio SOUTHFIELD, MI 20,82920.8k $1.1m $1.1m 0.20% Reduced -416 -416
82 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 20,77220.8k $1.1m $1.1m 0.00% Reduced -8.2k -8,176
83 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 20,30020.3k $1.1m $1.1m 0.01% Unchanged
84 Avidian Wealth Enterprises, LLC 0.03% of their portfolio Houston, TX 20,02520.0k $1.0m $1.0m 0.03% Added +1.0k +1,005
85 Arax Advisory Partners 0.03% of their portfolio NEW YORK, NY 18,61818.6k $965.9k $965.9k 0.03% Unchanged
86 Safe Harbor Fiduciary, LLC 0.91% of their portfolio PENSACOLA, FL 18,32318.3k $950.6k $950.6k 0.91% Reduced -491 -491
87 WoodTrust Financial Corp 0.12% of their portfolio WISCONSIN RAPIDS, WI 18,11018.1k $940.0k $940.0k 0.12% Reduced -6.4k -6,426
88 Chicago Partners Investment Group LLC 0.02% of their portfolio CHICAGO, IL 18,08518.1k $1.1m $1.1m 0.02% Reduced -520 -520
89 SteelPeak Wealth, LLC 0.03% of their portfolio WOODLAND HILLS, CA 17,76017.8k $921.4k $921.4k 0.03% Unchanged
90 FOUNDERS FINANCIAL SECURITIES LLC 0.05% of their portfolio TOWSON, MD 16,88916.9k $955.8k $955.8k 0.05% Added +734 +734
91 Thompson David Blair 0.49% of their portfolio CHARLOTTE, NC 16,55016.6k $858.6k $858.6k 0.49% Reduced -5.3k -5,308
92 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 16,43016.4k $852.4k $852.4k 0.00% Reduced -160 -160
93 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 15,95716.0k $827.9k $827.9k 0.01% Added +617 +617
94 Harvest Investment Services, LLC 0.15% of their portfolio Oakbrook Terrace, IL 15,89215.9k $824.5k $824.5k 0.15% Added +142 +142
95 BERKSHIRE ASSET MANAGEMENT LLC/PA 0.03% of their portfolio WILKES BARRE, PA 15,17315.2k $787.2k $787.2k 0.03% Added +4.7k +4,715
96 Discipline Wealth Solutions, LLC 0.08% of their portfolio GREENVILLE, SC 15,07015.1k $781.8k $781.8k 0.08% Reduced -11.5k -11,515
97 Clark Capital Management Group, Inc. 0.00% of their portfolio PHILADELPHIA, PA 14,65014.7k $760.0k $760.0k 0.00% Added +6.2k +6,184
98 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,48714.5k $752.0k $752.0k 0.00% Reduced -114.9k -114,864
99 Grandview Asset Management LLC 0.22% of their portfolio HARRISBURG, PA 14,40014.4k $747.1k $747.1k 0.22% Unchanged
100 Galvin, Gaustad & Stein, LLC 0.06% of their portfolio Scottsdale, AZ 13,99014.0k $725.8k $725.8k 0.06% Unchanged