Vault-13

PROSHARES TR QLD

PSHS ULTRA QQQ · ETP · CUSIP 74347R206

191 institutional holders +0 vs Q2 2025
11,053,64511.1m shares reported held*
$1.5bnreported value*
29 new 48 added 59 reduced 21 sold out net sold ≈ $77.1m (-559.7k 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 ≈ $137.21. Options: 7 managers hold calls ($217.4m notional), 5 hold puts ($75.3m).

Trends to Q3 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: 191Q3 25: 191191Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025191

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 69 bought or addedQ4 23: 57 cut or sold outQ1 24: 69 bought or addedQ1 24: 70 cut or sold outQ1 24Q2 24: 63 bought or addedQ2 24: 66 cut or sold outQ3 24: 68 bought or addedQ3 24: 63 cut or sold outQ3 24Q4 24: 74 bought or addedQ4 24: 64 cut or sold outQ1 25: 58 bought or addedQ1 25: 84 cut or sold outQ1 25Q2 25: 96 bought or addedQ2 25: 63 cut or sold outQ3 25: 77 bought or addedQ3 25: 80 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20236957
Q1 20246970
Q2 20246366
Q3 20246863
Q4 20247464
Q1 20255884
Q2 20259663
Q3 20257780

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ4 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 0.37Q3 25 calls: $217.4mQ3 25 puts: $75.3mQ3 25P/C 0.35
Numbers
QuarterCallsPutsP/C
Q4 2024$123.6m$62.6m0.51
Q1 2025$89.9m$26.9m0.30
Q2 2025$192.7m$70.4m0.37
Q3 2025$217.4m$75.3m0.35

Biggest buyers

CWM, LLC New +124,619+124.6k
REGIONS FINANCIAL CORP Added +74,572+74.6k
UBS Group AG Added +65,062+65.1k
MERCER GLOBAL ADVISORS INC /ADV Added +26,294+26.3k
Vontobel Holding Ltd. New +20,297+20.3k
Global View Capital Management LLC Added +17,386+17.4k
FLOW TRADERS U.S. LLC Added +16,338+16.3k
Headlands Technologies LLC New +14,221+14.2k
Tower Research Capital LLC (TRC) Added +13,114+13.1k
Latitude Advisors, LLC New +12,675+12.7k

Biggest sellers

Quadrature Capital Ltd Reduced -336,018-336.0k
Marshall Financial Group, LLC Reduced -210,569-210.6k
Howard Capital Management, LLC Reduced -187,266-187.3k
CITADEL ADVISORS LLC Reduced -64,992-65.0k
Westwood Wealth Management Reduced -39,560-39.6k
Client First Investment Management LLC Sold out -31,139-31.1k
GROUP ONE TRADING LLC Reduced -27,615-27.6k
Prosperity Wealth Management, Inc. Reduced -18,965-19.0k
RENAISSANCE TECHNOLOGIES LLC Sold out -18,200-18.2k
Arax Advisory Partners Sold out -17,596-17.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $110.3m804.3k shares
CITADEL ADVISORS LLC Reduced $29.9m217.8k shares
JANE STREET GROUP, LLC Reduced $27.1m197.5k shares
WOLVERINE TRADING, LLC Added $25.0m183.0k shares
IMC-Chicago, LLC Added $16.4m119.8k shares
GROUP ONE TRADING LLC Added $8.1m59.3k shares
Squarepoint Ops LLC Unchanged $548.8k4.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $30.3m220.7k shares
CITADEL ADVISORS LLC Reduced $22.0m160.2k shares
JANE STREET GROUP, LLC Added $15.2m110.6k shares
WOLVERINE TRADING, LLC Reduced $7.6m55.5k shares
Squarepoint Ops LLC Unchanged $315.6k2.3k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 11.40% of their portfolio Alpharetta, GA 6,284,6716.3m $862.3m $862.3m 11.40% Reduced -187.3k -187,266
2 Global View Capital Management LLC 24.30% of their portfolio WAUKESHA, WI 833,798833.8k $114.4m $114.4m 24.30% Added +17.4k +17,386
3 Main Street Group, LTD 21.99% of their portfolio GLEN ALLEN, VA 547,311547.3k $75.1m $75.1m 21.99% Added +12.2k +12,223
4 Clearstead Trust, LLC 8.47% of their portfolio PORTLAND, ME 361,453361.5k $49.6m $49.6m 8.47% Reduced -572 -572
5 Focus Financial Network, Inc. 1.47% of their portfolio MINNEAPOLIS, MN 299,573299.6k $41.1m $41.1m 1.47% Added +407 +407
6 TOTH FINANCIAL ADVISORY CORP 2.26% of their portfolio LEESBURG, VA 152,789152.8k $21.0m $21.0m 2.26% Reduced -7.8k -7,775
7 REGIONS FINANCIAL CORP 0.07% of their portfolio BIRMINGHAM, AL 149,144149.1k $20.5m $20.5m 0.07% Added +74.6k +74,572
8 CWM, LLC 0.05% of their portfolio OMAHA, NE 124,619124.6k $17.1m $17.1m 0.05% New
9 Dale Q Rice Investment Management Ltd 12.33% of their portfolio VANCOUVER, WA 123,218123.2k $17.5m $17.5m 12.33% Added +6.8k +6,802
10 Westwood Wealth Management 5.49% of their portfolio Los Angeles, CA 109,055109.1k $15.0m $15.0m 5.49% Reduced -39.6k -39,560
11 FIRST NATIONAL CORP /MA/ /ADV 2.34% of their portfolio ROCKLAND, MA 89,25689.3k $12.4m $12.4m 2.34% Added +10.4k +10,387
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 78,10178.1k $10.7m $10.7m 0.00% Added +65.1k +65,062
13 GenWealth Group, Inc. 1.74% of their portfolio Maplewood, NJ 67,92067.9k $9.3m $9.3m 1.74% Reduced -11.8k -11,810
14 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 62,66962.7k $8.6m $8.6m 0.00% Added +8.0k +7,994
15 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 61,72061.7k $8.5m $8.5m 0.01% Added +871 +871
16 HUB Investment Partners, LLC 0.29% of their portfolio AUSTIN, TX 56,87656.9k $7.8m $7.8m 0.29% Reduced -134 -134
17 RIA Advisory Group LLC 1.93% of their portfolio Des Moines, IA 54,44554.4k $7.5m $7.5m 1.93% Reduced -2.7k -2,718
18 Connective Capital Management, LLC 6.67% of their portfolio PALO ALTO, CA 52,95953.0k $7.3m $7.3m 6.67% Unchanged
19 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 52,65652.7k $7.2m $7.2m 0.01% Reduced -65.0k -64,992
20 Mesirow Financial Investment Management, Inc. 0.12% of their portfolio CHICAGO, IL 47,10047.1k $6.5m $6.5m 0.12% Unchanged
21 Marshall Financial Group, LLC 1.24% of their portfolio Hunt Valley, MD 46,41246.4k $6.4m $6.4m 1.24% Reduced -210.6k -210,569
22 Tempus Wealth Planning, LLC 1.44% of their portfolio IRVINE, CA 45,72745.7k $6.3m $6.3m 1.44% Reduced -6.6k -6,566
23 CROWLEY WEALTH MANAGEMENT, INC. 4.90% of their portfolio WILMINGTON, DE 44,87044.9k $6.2m $6.2m 4.90% Added +1.3k +1,315
24 Bryn Mawr Trust Advisors, LLC 0.30% of their portfolio PHILADELPHIA, PA 43,48543.5k $6.0m $6.0m 0.30% Reduced -1.4k -1,446
25 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 41,19241.2k $5.3m $5.3m 0.01% Reduced -5.7k -5,731
26 Watts Gwilliam & Co., LLC 0.79% of their portfolio GILBERT, AZ 35,86235.9k $4.9m $4.9m 0.79% Added +501 +501
27 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 35,85035.9k $4.9m $4.9m 0.01% Added +26.3k +26,294
28 Mariner, LLC 0.01% of their portfolio Overland Park, KS 34,87034.9k $4.8m $4.8m 0.01% Added +5.5k +5,467
29 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 33,29833.3k $4.6m $4.6m 0.00% Added +364 +364
30 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 30,21030.2k $4.1m $4.1m 0.01% Reduced -400 -400
31 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 29,77929.8k $4.1m $4.1m 0.01% Unchanged
32 Composition Wealth, LLC 0.06% of their portfolio LOS ANGELES, CA 27,02027.0k $3.7m $3.7m 0.06% Added +350 +350
33 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 26,78026.8k $3.7m $3.7m 0.02% Unchanged
34 SteelPeak Wealth, LLC 0.12% of their portfolio WOODLAND HILLS, CA 26,11526.1k $3.6m $3.6m 0.12% Unchanged
35 D. SCOTT NEAL, INC. 1.58% of their portfolio LEXINGTON, KY 24,92824.9k $3.4m $3.4m 1.58% Unchanged
36 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 24,55524.6k $3.4m $3.4m 0.00% Reduced -3.9k -3,914
37 Sowell Financial Services LLC 0.13% of their portfolio NORTH LITTLE ROCK, AR 23,86123.9k $3.3m $3.3m 0.13% Added +159 +159
38 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 22,75022.8k $3.1m $3.1m 0.00% Unchanged
39 180 WEALTH ADVISORS, LLC 0.36% of their portfolio FEDERAL WAY, WA 21,40321.4k $2.9m $2.9m 0.36% Reduced -1.7k -1,732
40 SBI Securities Co., Ltd. 0.08% of their portfolio TOKYO, M0 21,35821.4k $2.9m $2.9m 0.08% Reduced -660 -660
41 FLOW TRADERS U.S. LLC 0.12% of their portfolio NEW YORK, NY 20,94220.9k $2.9m $2.9m 0.12% Added +16.3k +16,338
42 GROUP ONE TRADING LLC 0.08% of their portfolio CHICAGO, IL 20,34320.3k $2.8m $2.8m 0.08% Reduced -27.6k -27,615
43 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 20,29720.3k $2.8m $2.8m 0.01% New
44 Castleview Partners, LLC 1.47% of their portfolio DALLAS, TX 19,73419.7k $2.7m $2.7m 1.47% Added +4.1k +4,131
45 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 19,19219.2k $2.6m $2.6m 0.00% Unchanged
46 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 17,71817.7k $2.4m $2.4m 0.00% Added +867 +867
47 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 16,51316.5k $2.3m $2.3m 0.00% Added +122 +122
48 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 15,57015.6k $2.1m $2.1m 0.01% Reduced -3.8k -3,768
49 PMV Capital Advisers, LLC 3.93% of their portfolio DALLAS, TX 14,75014.8k $2.0m $2.0m 3.93% Added +1.0k +1,027
50 Tower Research Capital LLC (TRC) 0.06% of their portfolio NEW YORK, NY 14,71014.7k $2.0m $2.0m 0.06% Added +13.1k +13,114
51 Harvest Investment Services, LLC 0.40% of their portfolio Oakbrook Terrace, IL 14,51114.5k $2.0m $2.0m 0.40% Reduced -1.0k -1,017
52 Headlands Technologies LLC 0.16% of their portfolio CHICAGO, IL 14,22114.2k $2.0m $2.0m 0.16% New
53 Rollins Financial Advisors, LLC 0.29% of their portfolio ATLANTA, GA 14,02214.0k $1.9m $1.9m 0.29% Added +906 +906
54 DONALDSON CAPITAL MANAGEMENT, LLC 0.06% of their portfolio EVANSVILLE, IN 14,00014.0k $1.9m $1.9m 0.06% Unchanged
55 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 13,28213.3k $1.5m $1.5m 0.00% Added +6.0k +6,034
56 Meridian Wealth Management, LLC 0.07% of their portfolio LEXINGTON, KY 13,06413.1k $1.8m $1.8m 0.07% Reduced -1.8k -1,841
57 Latitude Advisors, LLC 0.79% of their portfolio YORKVILLE, IL 12,67512.7k $1.7m $1.7m 0.79% New
58 Farther Finance Advisors, LLC 0.03% of their portfolio SAN FRANCISCO, CA 12,30612.3k $1.7m $1.7m 0.03% Added +2.7k +2,748
59 Innova Wealth Partners 0.89% of their portfolio NEWTOWN, PA 11,96812.0k $1.6m $1.6m 0.89% Added +386 +386
60 GeoWealth Management, LLC 0.06% of their portfolio CHICAGO, IL 11,92011.9k $1.6m $1.6m 0.06% Reduced -336 -336
61 WOODWARD DIVERSIFIED CAPITAL, LLC 0.74% of their portfolio BAKERSFIELD, CA 11,61811.6k $1.6m $1.6m 0.74% Added +6.5k +6,514
62 Legacy Wealth Managment, LLC/ID 0.68% of their portfolio BOISE, ID 10,99611.0k $1.5m $1.5m 0.68% Reduced -5.2k -5,232
63 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 10,86310.9k $1.5m $1.5m 0.01% Added +375 +375
64 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 10,79010.8k $1.5m $1.5m 0.00% Added +106 +106
65 Cassaday & Co Wealth Management LLC 0.03% of their portfolio MCLEAN, VA 10,31110.3k $1.4m $1.4m 0.03% Unchanged
66 Parsonex Advisory Services, Inc. 0.95% of their portfolio ENGLEWOOD, CO 10,14710.1k $1.4m $1.4m 0.95% Reduced -401 -401
67 BURKE & HERBERT BANK & TRUST CO 0.29% of their portfolio ALEXANDRIA, VA 10,00010.0k $1.4m $1.4m 0.29% Unchanged
68 Avior Wealth Management, LLC 0.04% of their portfolio OMAHA, NE 9,6859.7k $1.3m $1.3m 0.04% Reduced -600 -600
69 WESBANCO BANK INC 0.04% of their portfolio WHEELING, WV 9,6009.6k $1.3m $1.3m 0.04% Unchanged
70 TWO SIGMA SECURITIES, LLC 0.19% of their portfolio NEW YORK, NY 9,5259.5k $1.3m $1.3m 0.19% New
71 Discipline Wealth Solutions, LLC 0.33% of their portfolio GREENVILLE, SC 9,1809.2k $1.3m $1.3m 0.33% Reduced -1.5k -1,480
72 Permanens Capital L.P. 0.18% of their portfolio NEW YORK, NY 8,6058.6k $1.2m $1.2m 0.18% New
73 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 8,3398.3k $1.1m $1.1m 0.02% Reduced -1.0k -1,003
74 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 8,1338.1k $1.1m $1.1m 0.00% Added +1 +1
75 DRW Securities, LLC 0.06% of their portfolio CHICAGO, IL 7,8937.9k $1.1m $1.1m 0.06% New
76 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 7,6017.6k $1.0m $1.0m 0.00% Reduced -5.2k -5,200
77 AmeriServ Wealth Advisors 0.52% of their portfolio Johnstown, PA 7,5587.6k $1.0m $1.0m 0.52% Reduced -19 -19
78 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 0.31% of their portfolio Phoenix, AZ 7,2857.3k $999.5k $999.5k 0.31% Added +185 +185
79 BROWN BROTHERS HARRIMAN & CO 0.01% of their portfolio NEW YORK, NY 7,2567.3k $995.5k $995.5k 0.01% Reduced -3.4k -3,384
80 MINDSET WEALTH MANAGEMENT, LLC 0.26% of their portfolio INDIANAPOLIS, IN 7,0147.0k $962.3k $962.3k 0.26% Unchanged
81 Modern Wealth Management, LLC 0.02% of their portfolio KANSAS CITY, MO 6,9997.0k $960.3k $960.3k 0.02% Unchanged
82 Prosperity Wealth Management, Inc. 0.31% of their portfolio San Ramon, CA 6,6446.6k $911.6k $911.6k 0.31% Reduced -19.0k -18,965
83 Virtue Capital Management, LLC 0.14% of their portfolio BRENTWOOD, TN 6,5666.6k $900.9k $900.9k 0.14% Added +1.0k +1,018
84 Atlatl Advisers LLC 0.35% of their portfolio MADISON, WI 6,4546.5k $885.5k $885.5k 0.35% Added +430 +430
85 Global Financial Private Client, LLC 0.31% of their portfolio Sarasota, FL 6,4326.4k $882.5k $882.5k 0.31% Unchanged
86 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,1706.2k $846.5k $846.5k 0.00% Reduced -32 -32
87 Richmond Brothers, Inc. 0.51% of their portfolio JACKSON, MI 5,8915.9k $808.2k $808.2k 0.51% New
88 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 5,7005.7k $782.0k $782.0k 0.01% New
89 Galvin, Gaustad & Stein, LLC 0.06% of their portfolio Scottsdale, AZ 5,5805.6k $765.6k $765.6k 0.06% Reduced -825 -825
90 Beacon Capital Management, Inc. 0.03% of their portfolio DAYTON, OH 5,2765.3k $723.9k $723.9k 0.03% Added +5.0k +5,045
91 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 5,1045.1k $696.8k $696.8k 0.01% Added +354 +354
92 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 5,0155.0k $688.1k $688.1k 0.02% Reduced -205 -205
93 Banque Cantonale Vaudoise 0.02% of their portfolio LAUSANNE, V8 4,8004.8k $659.0k $659.0k 0.02% Unchanged
94 CENTRAL VALLEY ADVISORS, LLC 0.20% of their portfolio SACRAMENTO, CA 4,8004.8k $658.6k $658.6k 0.20% Unchanged
95 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 4,6174.6k $633.5k $633.5k 0.01% Reduced -2.4k -2,403
96 WealthBridge Capital Management, LLC 0.14% of their portfolio WESTERVILLE, OH 4,4224.4k $606.7k $606.7k 0.14% Reduced -1 -1
97 Horizon Wealth Management, LLC 0.09% of their portfolio LA GRANGE, IL 4,4064.4k $604.5k $604.5k 0.09% Unchanged
98 Institute for Wealth Management, LLC. 0.06% of their portfolio DENVER, CO 4,3914.4k $602.4k $602.4k 0.06% Unchanged
99 Empower Advisory Group, LLC 0.00% of their portfolio Greenwood Village, CO 4,3484.3k $596.5k $596.5k 0.00% Unchanged
100 HBW ADVISORY SERVICES LLC 0.07% of their portfolio SIMI VALLEY, CA 4,3344.3k $594.6k $594.6k 0.07% Added +2.3k +2,300