Vault-13

PROSHARES TR QLD

PSHS ULTRA QQQ · ETP · CUSIP 74347R206

191 institutional holders +20 vs Q1 2025
11,650,15011.7m shares reported held*
$1.4bnreported value*
44 new 52 added 38 reduced 25 sold out net bought ≈ $807.0m (+6.9m 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 ≈ $117.84. Options: 8 managers hold calls ($192.7m notional), 5 hold puts ($70.4m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 102Q4 22: 109Q1 23: 120Q2 23: 132Q3 23: 137Q4 23: 160Q1 24: 161Q2 24: 166Q3 24: 171Q4 24: 198Q1 25: 171Q2 25: 191191Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022102
Q4 2022109
Q1 2023120
Q2 2023132
Q3 2023137
Q4 2023160
Q1 2024161
Q2 2024166
Q3 2024171
Q4 2024198
Q1 2025171
Q2 2025191

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 53 bought or addedQ3 23: 54 cut or sold outQ4 23: 69 bought or addedQ4 23: 57 cut or sold outQ4 23Q1 24: 69 bought or addedQ1 24: 70 cut or sold outQ2 24: 63 bought or addedQ2 24: 66 cut or sold outQ2 24Q3 24: 68 bought or addedQ3 24: 63 cut or sold outQ4 24: 74 bought or addedQ4 24: 64 cut or sold outQ4 24Q1 25: 58 bought or addedQ1 25: 84 cut or sold outQ2 25: 96 bought or addedQ2 25: 63 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235354
Q4 20236957
Q1 20246970
Q2 20246366
Q3 20246863
Q4 20247464
Q1 20255884
Q2 20259663

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 24 calls: $78.0mQ3 24 puts: $44.1mQ3 24P/C 0.56Q4 24 calls: $123.6mQ4 24 puts: $62.6mQ4 24P/C 0.51Q1 25 calls: $89.9mQ1 25 puts: $26.9mQ1 25P/C 0.30Q2 25 calls: $192.7mQ2 25 puts: $70.4mQ2 25P/C 0.37
Numbers
QuarterCallsPutsP/C
Q3 2024$78.0m$44.1m0.56
Q4 2024$123.6m$62.6m0.51
Q1 2025$89.9m$26.9m0.30
Q2 2025$192.7m$70.4m0.37

Biggest buyers

Howard Capital Management, LLC Added +6,385,308+6.4m
Quadrature Capital Ltd New +339,321+339.3k
Global View Capital Management LLC Added +254,025+254.0k
CITADEL ADVISORS LLC Added +117,032+117.0k
Marshall Financial Group, LLC Added +73,580+73.6k
RIA Advisory Group LLC New +57,163+57.2k
HUB Investment Partners, LLC New +57,010+57.0k
Tempus Wealth Planning, LLC New +52,293+52.3k
Client First Investment Management LLC New +31,139+31.1k
GROUP ONE TRADING LLC Added +25,798+25.8k

Biggest sellers

IMC-Chicago, LLC Sold out -201,173-201.2k
Dale Q Rice Investment Management Ltd Reduced -87,957-88.0k
UBS Group AG Reduced -58,191-58.2k
ONCE CAPITAL MANAGEMENT, LLC Sold out -43,000-43.0k
JANE STREET GROUP, LLC Sold out -42,621-42.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -40,569-40.6k
FLOW TRADERS U.S. LLC Reduced -33,494-33.5k
Ridgepath Capital Management LLC Sold out -31,856-31.9k
AXXCESS WEALTH MANAGEMENT, LLC Sold out -31,612-31.6k
TOTH FINANCIAL ADVISORY CORP Reduced -31,023-31.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $92.3m784.2k shares
CITADEL ADVISORS LLC Added $37.4m318.0k shares
JANE STREET GROUP, LLC Added $28.0m237.5k shares
WOLVERINE TRADING, LLC Added $15.1m129.9k shares
IMC-Chicago, LLC Added $12.9m109.4k shares
GROUP ONE TRADING LLC Added $6.6m56.0k shares
Squarepoint Ops LLC Unchanged $470.8k4.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $35.0m297.2k shares
CITADEL ADVISORS LLC Added $19.9m169.4k shares
JANE STREET GROUP, LLC Added $8.7m73.5k shares
WOLVERINE TRADING, LLC Added $6.5m56.3k shares
Squarepoint Ops LLC Reduced $270.7k2.3k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 11.42% of their portfolio Alpharetta, GA 6,471,9376.5m $762.6m $762.6m 11.42% Added +6.4m +6,385,308
2 Global View Capital Management LLC 30.72% of their portfolio WAUKESHA, WI 816,412816.4k $96.1m $96.1m 30.72% Added +254.0k +254,025
3 Main Street Group, LTD 20.49% of their portfolio GLEN ALLEN, VA 535,088535.1k $63.0m $63.0m 20.49% Added +25.0k +25,033
4 Clearstead Trust, LLC 8.06% of their portfolio PORTLAND, ME 362,025362.0k $42.6m $42.6m 8.06% Added +6.0k +6,014
5 Quadrature Capital Ltd 0.69% of their portfolio LONDON, X0 339,321339.3k $39.9m $39.9m 0.69% New
6 Focus Financial Network, Inc. 1.39% of their portfolio MINNEAPOLIS, MN 299,166299.2k $35.3m $35.3m 1.39% Added +87 +87
7 Marshall Financial Group, LLC 5.93% of their portfolio Hunt Valley, MD 256,981257.0k $30.2m $30.2m 5.93% Added +73.6k +73,580
8 TOTH FINANCIAL ADVISORY CORP 2.21% of their portfolio LEESBURG, VA 160,564160.6k $18.9m $18.9m 2.21% Reduced -31.0k -31,023
9 Westwood Wealth Management 5.88% of their portfolio Los Angeles, CA 148,615148.6k $17.5m $17.5m 5.88% Added +10.8k +10,850
10 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 117,648117.6k $13.8m $13.8m 0.01% Added +117.0k +117,032
11 Dale Q Rice Investment Management Ltd 11.57% of their portfolio VANCOUVER, WA 116,416116.4k $13.9m $13.9m 11.57% Reduced -88.0k -87,957
12 GenWealth Group, Inc. 1.89% of their portfolio Maplewood, NJ 79,73079.7k $9.4m $9.4m 1.89% Added +15.0k +14,967
13 FIRST NATIONAL CORP /MA/ /ADV 1.87% of their portfolio ROCKLAND, MA 78,86978.9k $9.3m $9.3m 1.87% Added +6.6k +6,647
14 REGIONS FINANCIAL CORP 0.06% of their portfolio BIRMINGHAM, AL 74,57274.6k $8.8m $8.8m 0.06% Reduced -23.1k -23,065
15 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 60,84960.8k $7.2m $7.2m 0.01% Added +2.9k +2,906
16 RIA Advisory Group LLC 1.98% of their portfolio Des Moines, IA 57,16357.2k $6.7m $6.7m 1.98% New
17 HUB Investment Partners, LLC 0.23% of their portfolio AUSTIN, TX 57,01057.0k $6.7m $6.7m 0.23% New
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 54,67554.7k $6.4m $6.4m 0.00% Added +12.3k +12,267
19 Connective Capital Management, LLC 5.83% of their portfolio PALO ALTO, CA 52,95953.0k $6.2m $6.2m 5.83% Unchanged
20 Tempus Wealth Planning, LLC 1.53% of their portfolio IRVINE, CA 52,29352.3k $6.2m $6.2m 1.53% New
21 GROUP ONE TRADING LLC 0.19% of their portfolio CHICAGO, IL 47,95848.0k $5.6m $5.6m 0.19% Added +25.8k +25,798
22 Mesirow Financial Investment Management, Inc. 0.11% of their portfolio CHICAGO, IL 47,10047.1k $5.5m $5.5m 0.11% Unchanged
23 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 46,92346.9k $5.5m $5.5m 0.01% Reduced -2.3k -2,304
24 Bryn Mawr Trust Advisors, LLC 0.29% of their portfolio PHILADELPHIA, PA 44,93144.9k $5.3m $5.3m 0.29% Reduced -335 -335
25 CROWLEY WEALTH MANAGEMENT, INC. 4.67% of their portfolio WILMINGTON, DE 43,55543.6k $5.1m $5.1m 4.67% Unchanged
26 Watts Gwilliam & Co., LLC 0.78% of their portfolio GILBERT, AZ 35,36135.4k $4.8m $4.8m 0.78% Added +462 +462
27 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 32,93432.9k $3.9m $3.9m 0.00% Reduced -7.8k -7,773
28 Client First Investment Management LLC 2.25% of their portfolio West Bend, WI 31,13931.1k $3.7m $3.7m 2.25% New
29 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 30,61030.6k $3.6m $3.6m 0.01% Added +2.2k +2,220
30 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 29,77929.8k $3.5m $3.5m 0.01% Unchanged
31 Mariner, LLC 0.00% of their portfolio Overland Park, KS 29,40329.4k $3.5m $3.5m 0.00% Added +931 +931
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 28,46928.5k $3.4m $3.4m 0.01% Reduced -40.6k -40,569
33 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 26,78026.8k $3.2m $3.2m 0.02% Unchanged
34 Composition Wealth, LLC 0.05% of their portfolio LOS ANGELES, CA 26,67026.7k $3.1m $3.1m 0.05% Reduced -1.9k -1,911
35 SteelPeak Wealth, LLC 0.12% of their portfolio WOODLAND HILLS, CA 26,11526.1k $3.1m $3.1m 0.12% Unchanged
36 Prosperity Wealth Management, Inc. 1.12% of their portfolio San Ramon, CA 25,60925.6k $3.0m $3.0m 1.12% Added +17.4k +17,392
37 D. SCOTT NEAL, INC. 1.46% of their portfolio LEXINGTON, KY 24,92824.9k $2.9m $2.9m 1.46% Unchanged
38 Sowell Financial Services LLC 0.11% of their portfolio NORTH LITTLE ROCK, AR 23,70223.7k $2.8m $2.8m 0.11% Reduced -1.7k -1,684
39 180 WEALTH ADVISORS, LLC 0.38% of their portfolio FEDERAL WAY, WA 23,13523.1k $2.7m $2.7m 0.38% New
40 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 22,75022.8k $2.7m $2.7m 0.00% Unchanged
41 SBI Securities Co., Ltd. 0.07% of their portfolio TOKYO, M0 22,01822.0k $2.6m $2.6m 0.07% Reduced -823 -823
42 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 19,33819.3k $2.3m $2.3m 0.01% Added +3.8k +3,776
43 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 19,19219.2k $2.3m $2.3m 0.00% Added +14.4k +14,354
44 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 18,20018.2k $2.1m $2.1m 0.00% New
45 Arax Advisory Partners 0.10% of their portfolio NEW YORK, NY 17,59617.6k $2.1m $2.1m 0.10% Added +845 +845
46 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 16,85116.9k $2.0m $2.0m 0.00% Reduced -1.8k -1,842
47 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 16,39116.4k $1.9m $1.9m 0.00% Reduced -126 -126
48 Legacy Investment Solutions, LLC 1.01% of their portfolio BOISE, ID 16,22816.2k $1.9m $1.9m 1.01% First filing
49 Legacy Wealth Managment, LLC/ID 1.01% of their portfolio BOISE, ID 16,22816.2k $1.9m $1.9m 1.01% Added +15.5k +15,508
50 Castleview Partners, LLC 1.18% of their portfolio DALLAS, TX 15,60315.6k $1.8m $1.8m 1.18% Added +3.5k +3,457
51 Harvest Investment Services, LLC 0.41% of their portfolio Oakbrook Terrace, IL 15,52815.5k $1.8m $1.8m 0.41% Added +753 +753
52 Revere Asset Management, Inc 0.85% of their portfolio DALLAS, TX 14,92814.9k $1.8m $1.8m 0.85% New
53 Meridian Wealth Management, LLC 0.07% of their portfolio LEXINGTON, KY 14,90514.9k $1.8m $1.8m 0.07% Added +469 +469
54 DONALDSON CAPITAL MANAGEMENT, LLC 0.06% of their portfolio EVANSVILLE, IN 14,00014.0k $1.6m $1.6m 0.06% Unchanged
55 PMV Capital Advisers, LLC 3.60% of their portfolio DALLAS, TX 13,72313.7k $1.6m $1.6m 3.60% Added +6.9k +6,876
56 Rollins Financial Advisors, LLC 0.25% of their portfolio ATLANTA, GA 13,11613.1k $1.5m $1.5m 0.25% Reduced -311 -311
57 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,03913.0k $1.5m $1.5m 0.00% Reduced -58.2k -58,191
58 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 12,80112.8k $1.5m $1.5m 0.01% Added +6.0k +6,001
59 GeoWealth Management, LLC 0.06% of their portfolio CHICAGO, IL 12,25612.3k $1.4m $1.4m 0.06% Reduced -2.3k -2,314
60 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,71411.7k $1.4m $1.4m 0.00% Added +11.7k +11,686
61 Innova Wealth Partners 0.80% of their portfolio NEWTOWN, PA 11,58211.6k $1.4m $1.4m 0.80% Added +3.6k +3,622
62 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 10,68410.7k $1.3m $1.3m 0.00% Reduced -2.7k -2,710
63 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 10,66910.7k $1.3m $1.3m 0.00% Unchanged
64 Discipline Wealth Solutions, LLC 0.48% of their portfolio GREENVILLE, SC 10,66010.7k $1.3m $1.3m 0.48% Reduced -257 -257
65 BROWN BROTHERS HARRIMAN & CO 0.01% of their portfolio NEW YORK, NY 10,64010.6k $1.3m $1.3m 0.01% Reduced -600 -600
66 Parsonex Advisory Services, Inc. 1.04% of their portfolio ENGLEWOOD, CO 10,54810.5k $1.2m $1.2m 1.04% First filing
67 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 10,48810.5k $1.2m $1.2m 0.01% Added +929 +929
68 Cassaday & Co Wealth Management LLC 0.03% of their portfolio MCLEAN, VA 10,31110.3k $1.2m $1.2m 0.03% Reduced -1.2k -1,158
69 Avior Wealth Management, LLC 0.04% of their portfolio OMAHA, NE 10,28510.3k $1.2m $1.2m 0.04% Unchanged
70 BURKE & HERBERT BANK & TRUST CO 0.26% of their portfolio ALEXANDRIA, VA 10,00010.0k $1.2m $1.2m 0.26% Unchanged
71 AlpenGlobal Capital LLC 0.68% of their portfolio TAHOE CITY, CA 9,6789.7k $1.1m $1.1m 0.68% Added +1.1k +1,136
72 WESBANCO BANK INC 0.03% of their portfolio WHEELING, WV 9,6009.6k $1.1m $1.1m 0.03% Unchanged
73 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 9,5589.6k $1.1m $1.1m 0.02% Added +4.5k +4,528
74 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 9,5569.6k $1.1m $1.1m 0.00% Added +1 +1
75 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 9,3429.3k $1.1m $1.1m 0.02% Reduced -713 -713
76 DRIVE WEALTH MANAGEMENT, LLC 0.22% of their portfolio LEHI, UT 8,3638.4k $985.4k $985.4k 0.22% New
77 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 8,1328.1k $957.2k $957.2k 0.00% Added +7.0k +6,995
78 AmeriServ Wealth Advisors 0.44% of their portfolio Johnstown, PA 7,5777.6k $891.9k $891.9k 0.44% Reduced -4.0k -4,032
79 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 7,2487.2k $853.2k $853.2k 0.01% Added +1.2k +1,214
80 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 0.30% of their portfolio Phoenix, AZ 7,1007.1k $835.7k $835.7k 0.30% Unchanged
81 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 7,0207.0k $826.3k $826.3k 0.01% Added +1.5k +1,465
82 MINDSET WEALTH MANAGEMENT, LLC 0.27% of their portfolio INDIANAPOLIS, IN 7,0147.0k $825.6k $825.6k 0.27% Unchanged
83 Modern Wealth Management, LLC 0.02% of their portfolio KANSAS CITY, MO 6,9997.0k $823.9k $823.9k 0.02% New
84 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 6,8446.8k $805.6k $805.6k 0.00% New
85 ADELL HARRIMAN & CARPENTER INC 0.05% of their portfolio HOUSTON, TX 6,8306.8k $804.0k $804.0k 0.05% Added +510 +510
86 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,5646.6k $772.7k $772.7k 0.00% Added +3.9k +3,930
87 Global Financial Private Client, LLC 0.28% of their portfolio Sarasota, FL 6,4326.4k $757.1k $757.1k 0.28% Unchanged
88 Galvin, Gaustad & Stein, LLC 0.06% of their portfolio Scottsdale, AZ 6,4056.4k $753.9k $753.9k 0.06% Unchanged
89 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,2026.2k $730.0k $730.0k 0.00% Added +4.0k +4,000
90 Atlatl Advisers LLC 0.34% of their portfolio MADISON, WI 6,0246.0k $709.1k $709.1k 0.34% Reduced -28 -28
91 Virtue Capital Management, LLC 0.12% of their portfolio BRENTWOOD, TN 5,5485.5k $653.1k $653.1k 0.12% New
92 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 5,2205.2k $614.4k $614.4k 0.02% Added +593 +593
93 WOODWARD DIVERSIFIED CAPITAL, LLC 0.30% of their portfolio BAKERSFIELD, CA 5,1045.1k $600.8k $600.8k 0.30% New
94 GREENBERG FINANCIAL GROUP 0.17% of their portfolio TUCSON, AZ 4,8004.8k $464.4k $464.4k 0.17% Reduced -400 -400
95 Banque Cantonale Vaudoise 0.02% of their portfolio LAUSANNE, V8 4,8004.8k $565.0k $565.0k 0.02% Unchanged
96 CENTRAL VALLEY ADVISORS, LLC 0.19% of their portfolio SACRAMENTO, CA 4,8004.8k $565.0k $565.0k 0.19% Unchanged
97 Koshinski Asset Management, Inc. 0.04% of their portfolio DECATUR, IL 4,7544.8k $559.6k $559.6k 0.04% Unchanged
98 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 4,7504.8k $552.1k $552.1k 0.01% New
99 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 4,6044.6k $542.0k $542.0k 0.02% Reduced -33.5k -33,494
100 WealthBridge Capital Management, LLC 0.13% of their portfolio WESTERVILLE, OH 4,4234.4k $520.6k $520.6k 0.13% New