Vault-13

PROSHARES TR QLD

PSHS ULTRA QQQ · ETP · CUSIP 74347R206

191 institutional holders -20 vs Q4 2025
7,883,1187.9m shares reported held*
$481.0mreported value*
20 new 51 added 59 reduced 37 sold out net sold ≈ $857.4m (-14.1m 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $61.02. Options: 6 managers hold calls ($153.3m notional), 3 hold puts ($33.3m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 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: 191Q4 25: 211Q1 26: 191191Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025211
Q1 2026191

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q4 25: 84 bought or addedQ4 25: 78 cut or sold outQ1 26: 71 bought or addedQ1 26: 96 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20246366
Q3 20246863
Q4 20247464
Q1 20255884
Q2 20259663
Q3 20257780
Q4 20258478
Q1 20267196

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 25 calls: $192.7mQ2 25 puts: $70.4mQ2 25P/C 0.37Q3 25 calls: $217.4mQ3 25 puts: $75.3mQ3 25P/C 0.35Q4 25 calls: $194.9mQ4 25 puts: $94.1mQ4 25P/C 0.48Q1 26 calls: $153.3mQ1 26 puts: $33.3mQ1 26P/C 0.22
Numbers
QuarterCallsPutsP/C
Q2 2025$192.7m$70.4m0.37
Q3 2025$217.4m$75.3m0.35
Q4 2025$194.9m$94.1m0.48
Q1 2026$153.3m$33.3m0.22

Biggest buyers

Westwood Wealth Management New +216,730+216.7k
Mariner, LLC Added +126,748+126.7k
Discipline Wealth Solutions, LLC Added +92,975+93.0k
Q3 Asset Management New +72,200+72.2k
HARBOUR INVESTMENTS, INC. Added +33,901+33.9k
Squarepoint Ops LLC Added +30,395+30.4k
Dedeker Financial LLC Added +24,350+24.4k
HRT FINANCIAL LP Added +21,532+21.5k
Tower Research Capital LLC (TRC) Added +15,295+15.3k
FLOW TRADERS U.S. LLC Added +15,268+15.3k

Biggest sellers

Howard Capital Management, LLC Sold out -12,277,706-12.3m
Global View Capital Management LLC Reduced -1,150,899-1.2m
CITADEL ADVISORS LLC Reduced -431,860-431.9k
LPL Financial LLC Reduced -92,594-92.6k
Turner Capital Investments, LLC Sold out -84,396-84.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -59,425-59.4k
MERCER GLOBAL ADVISORS INC /ADV Reduced -53,952-54.0k
Tempus Wealth Planning, LLC Sold out -53,301-53.3k
Creative Planning Reduced -46,778-46.8k
IMC-Chicago, LLC Sold out -42,818-42.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $68.4m1.1m shares
CITADEL ADVISORS LLC Added $34.6m567.2k shares
IMC-Chicago, LLC Added $25.6m419.8k shares
JANE STREET GROUP, LLC Reduced $14.7m240.5k shares
GROUP ONE TRADING LLC Added $9.4m154.8k shares
Walleye Trading LLC Added $567.3k9.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $21.2m347.8k shares
CITADEL ADVISORS LLC Reduced $8.2m134.0k shares
JANE STREET GROUP, LLC Reduced $3.9m63.3k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Main Street Group, LTD 18.47% of their portfolio GLEN ALLEN, VA 1,030,5651.0m $62.9m $62.9m 18.47% Reduced -8.6k -8,611
2 Clearstead Trust, LLC 7.30% of their portfolio PORTLAND, ME 733,841733.8k $44.8m $44.8m 7.30% Added +2.3k +2,302
3 Global View Capital Management LLC 10.55% of their portfolio WAUKESHA, WI 651,626651.6k $39.7m $39.7m 10.55% Reduced -1.2m -1,150,899
4 Focus Financial Network, Inc. 1.31% of their portfolio MINNEAPOLIS, MN 599,468599.5k $36.6m $36.6m 1.31% Added +134 +134
5 Dedeker Financial LLC 14.75% of their portfolio ST. LOUIS PARK, MN 277,528277.5k $16.9m $16.9m 14.75% Added +24.4k +24,350
6 TOTH FINANCIAL ADVISORY CORP 1.68% of their portfolio LEESBURG, VA 250,901250.9k $15.3m $15.3m 1.68% Reduced -11.7k -11,727
7 Dale Q Rice Investment Management Ltd 11.46% of their portfolio VANCOUVER, WA 247,938247.9k $15.1m $15.1m 11.46% Added +8.5k +8,484
8 Westwood Wealth Management 5.19% of their portfolio Los Angeles, CA 216,730216.7k $13.2m $13.2m 5.19% New
9 Mariner, LLC 0.01% of their portfolio Overland Park, KS 193,080193.1k $11.8m $11.8m 0.01% Added +126.7k +126,748
10 GenWealth Group, Inc. 1.46% of their portfolio Maplewood, NJ 139,984140.0k $8.5m $8.5m 1.46% Added +4.9k +4,857
11 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 136,916136.9k $8.4m $8.4m 0.01% Reduced -431.9k -431,860
12 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 131,310131.3k $8.0m $8.0m 0.01% Reduced -5.6k -5,595
13 Discipline Wealth Solutions, LLC 0.79% of their portfolio GREENVILLE, SC 122,373122.4k $7.5m $7.5m 0.79% Added +93.0k +92,975
14 REGIONS FINANCIAL CORP 0.05% of their portfolio BIRMINGHAM, AL 119,656119.7k $7.3m $7.3m 0.05% Reduced -27.3k -27,345
15 HUB Investment Partners, LLC 0.16% of their portfolio AUSTIN, TX 109,757109.8k $6.7m $6.7m 0.16% Reduced -17.3k -17,290
16 Connective Capital Management, LLC 5.33% of their portfolio PALO ALTO, CA 105,918105.9k $6.5m $6.5m 5.33% Unchanged
17 Jump Financial, LLC 0.08% of their portfolio Chicago, IL 92,49692.5k $5.6m $5.6m 0.08% Added +809 +809
18 Mesirow Financial Investment Management, Inc. 0.08% of their portfolio CHICAGO, IL 86,00086.0k $5.2m $5.2m 0.08% Reduced -6.2k -6,200
19 Wealthcare Advisory Partners LLC 0.10% of their portfolio WEST CHESTER, PA 85,71085.7k $5.2m $5.2m 0.10% Unchanged
20 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 85,43685.4k $5.2m $5.2m 0.00% Reduced -46.8k -46,778
21 Bryn Mawr Trust Advisors, LLC 0.25% of their portfolio PHILADELPHIA, PA 84,63384.6k $5.2m $5.2m 0.25% Reduced -2.1k -2,067
22 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 82,50082.5k $5.0m $5.0m 0.01% Reduced -2.1k -2,125
23 Q3 Asset Management 1.07% of their portfolio BIRMINGHAM, MI 72,20072.2k $4.4m $4.4m 1.07% New
24 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 65,30465.3k $4.0m $4.0m 0.01% Reduced -54.0k -53,952
25 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 63,47263.5k $3.9m $3.9m 0.00% Added +100 +100
26 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 59,55859.6k $3.6m $3.6m 0.01% Unchanged
27 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 53,56053.6k $3.3m $3.3m 0.01% Unchanged
28 Marshall Financial Group, LLC 0.51% of their portfolio Hunt Valley, MD 52,02052.0k $3.2m $3.2m 0.51% Reduced -20.2k -20,245
29 Composition Wealth, LLC 0.04% of their portfolio LOS ANGELES, CA 50,82950.8k $3.1m $3.1m 0.04% Reduced -3.8k -3,765
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 50,20650.2k $3.1m $3.1m 0.00% Added +1.9k +1,896
31 SteelPeak Wealth, LLC 0.09% of their portfolio WOODLAND HILLS, CA 49,02049.0k $3.0m $3.0m 0.09% Reduced -3.2k -3,209
32 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 48,47748.5k $3.0m $3.0m 0.00% Reduced -92.6k -92,594
33 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 48,40448.4k $3.0m $3.0m 0.01% Added +30.4k +30,395
34 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 45,50045.5k $2.8m $2.8m 0.00% Unchanged
35 Sowell Financial Services LLC 0.10% of their portfolio NORTH LITTLE ROCK, AR 45,26345.3k $2.8m $2.8m 0.10% Reduced -1.6k -1,600
36 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 44,00144.0k $2.7m $2.7m 0.00% Reduced -59.4k -59,425
37 Latitude Advisors, LLC 1.16% of their portfolio YORKVILLE, IL 41,33641.3k $2.5m $2.5m 1.16% Added +13.9k +13,897
38 SBI Securities Co., Ltd. 0.07% of their portfolio TOKYO, M0 41,10241.1k $2.5m $2.5m 0.07% Reduced -19.8k -19,838
39 GTS SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 39,47039.5k $2.4m $2.4m 0.09% Added +13.0k +12,984
40 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 37,52437.5k $2.3m $2.3m 0.01% Added +6.4k +6,380
41 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 35,75935.8k $2.2m $2.2m 0.00% Reduced -2.9k -2,899
42 Arax Advisory Partners 0.06% of their portfolio NEW YORK, NY 35,19235.2k $2.1m $2.1m 0.06% Unchanged
43 HARBOUR INVESTMENTS, INC. 0.03% of their portfolio MADISON, WI 33,95734.0k $2.1m $2.1m 0.03% Added +33.9k +33,901
44 Rollins Financial Advisors, LLC 0.32% of their portfolio ATLANTA, GA 33,08133.1k $2.0m $2.0m 0.32% Added +3.7k +3,654
45 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 33,00333.0k $2.0m $2.0m 0.00% Added +169 +169
46 Tower Research Capital LLC (TRC) 0.05% of their portfolio NEW YORK, NY 32,27432.3k $2.0m $2.0m 0.05% Added +15.3k +15,295
47 PMV Capital Advisers, LLC 3.28% of their portfolio DALLAS, TX 31,90231.9k $1.9m $1.9m 3.28% Reduced -1.4k -1,386
48 FLOW TRADERS U.S. LLC 0.06% of their portfolio NEW YORK, NY 29,58229.6k $1.8m $1.8m 0.06% Added +15.3k +15,268
49 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 29,50829.5k $1.8m $1.8m 0.01% Added +21.5k +21,532
50 Meridian Wealth Management, LLC 0.06% of their portfolio LEXINGTON, KY 28,24328.2k $1.7m $1.7m 0.06% Added +2.0k +2,023
51 DONALDSON CAPITAL MANAGEMENT, LLC 0.06% of their portfolio EVANSVILLE, IN 28,00028.0k $1.7m $1.7m 0.06% Unchanged
52 Harvest Investment Services, LLC 0.27% of their portfolio Oakbrook Terrace, IL 24,56824.6k $1.5m $1.5m 0.27% Reduced -3.0k -3,044
53 GeoWealth Management, LLC 0.05% of their portfolio CHICAGO, IL 23,47323.5k $1.4m $1.4m 0.05% Reduced -710 -710
54 Castleview Partners, LLC 0.68% of their portfolio DALLAS, TX 21,71721.7k $1.3m $1.3m 0.68% Reduced -6.8k -6,765
55 AlpenGlobal Capital LLC 0.81% of their portfolio TAHOE CITY, CA 20,94120.9k $1.3m $1.3m 0.81% First filing
56 Permanens Capital L.P. 0.16% of their portfolio NEW YORK, NY 20,75020.8k $1.3m $1.3m 0.16% Unchanged
57 RIA Advisory Group LLC 0.31% of their portfolio Des Moines, IA 20,63820.6k $1.3m $1.3m 0.31% Reduced -14.2k -14,182
58 Cassaday & Co Wealth Management LLC 0.03% of their portfolio MCLEAN, VA 20,52220.5k $1.3m $1.3m 0.03% Unchanged
59 Richmond Brothers, Inc. 0.82% of their portfolio JACKSON, MI 20,14520.1k $1.2m $1.2m 0.82% Reduced -9.0k -9,007
60 180 WEALTH ADVISORS, LLC 0.14% of their portfolio FEDERAL WAY, WA 19,97920.0k $1.2m $1.2m 0.14% Unchanged
61 WESBANCO BANK INC 0.03% of their portfolio WHEELING, WV 19,20019.2k $1.2m $1.2m 0.03% Unchanged
62 Innova Wealth Partners 0.54% of their portfolio NEWTOWN, PA 18,68218.7k $1.1m $1.1m 0.54% Reduced -4.1k -4,134
63 Beacon Capital Management, Inc. 0.06% of their portfolio DAYTON, OH 18,42618.4k $1.1m $1.1m 0.06% Reduced -11.0k -10,957
64 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 17,30617.3k $1.1m $1.1m 0.00% Reduced -35.8k -35,783
65 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 16,86316.9k $1.0m $1.0m 0.01% Unchanged
66 WealthBridge Capital Management, LLC 0.24% of their portfolio WESTERVILLE, OH 16,84116.8k $1.0m $1.0m 0.24% Added +8.0k +7,997
67 Virtue Capital Management, LLC 0.15% of their portfolio BRENTWOOD, TN 16,61616.6k $962.6k $962.6k 0.15% Added +5.5k +5,504
68 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 16,58616.6k $1.0m $1.0m 0.00% Added +9.0k +8,985
69 Avior Wealth Management, LLC 0.03% of their portfolio OMAHA, NE 16,57016.6k $1.0m $1.0m 0.03% Unchanged
70 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 16,26716.3k $992.3k $992.3k 0.00% Added +1 +1
71 PGIM Custom Harvest LLC 0.01% of their portfolio NEWARK, NJ 15,00015.0k $915.0k $915.0k 0.01% Unchanged
72 GREAT VALLEY ADVISOR GROUP, INC. 0.02% of their portfolio WILMINGTON, DE 14,57014.6k $889.2k $889.2k 0.02% New
73 Massar Capital Management, LP 0.18% of their portfolio STAMFORD, CT 14,45414.5k $881.7k $881.7k 0.18% Added +8.5k +8,453
74 MINDSET WEALTH MANAGEMENT, LLC 0.23% of their portfolio INDIANAPOLIS, IN 14,02814.0k $855.7k $855.7k 0.23% Unchanged
75 Atlatl Advisers LLC 0.63% of their portfolio MADISON, WI 13,83813.8k $844.1k $844.1k 0.63% Unchanged
76 Procyon Advisors, LLC 0.04% of their portfolio SHELTON, CT 13,50013.5k $823.5k $823.5k 0.04% New
77 Modern Wealth Management, LLC 0.01% of their portfolio KANSAS CITY, MO 12,93412.9k $808.2k $808.2k 0.01% Reduced -982 -982
78 Global Financial Private Client, LLC 0.26% of their portfolio Sarasota, FL 12,86412.9k $784.7k $784.7k 0.26% Unchanged
79 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 12,75412.8k $797.0k $797.0k 0.01% Reduced -33.4k -33,397
80 Brooklyn Investment Group 0.02% of their portfolio NEW YORK, NY 12,69112.7k $774.1k $774.1k 0.02% Reduced -2.2k -2,171
81 Betterment LLC 0.00% of their portfolio NEW YORK, NY 12,38412.4k $755.0k $755.0k 0.00% Added +2.4k +2,396
82 Galvin, Gaustad & Stein, LLC 0.06% of their portfolio Scottsdale, AZ 12,36012.4k $754.0k $754.0k 0.06% Unchanged
83 HBW ADVISORY SERVICES LLC 0.08% of their portfolio SIMI VALLEY, CA 12,17312.2k $742.6k $742.6k 0.08% Added +2.3k +2,346
84 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 12,10012.1k $738.1k $738.1k 0.00% Reduced -110 -110
85 Potomac Capital Management, Inc. 0.64% of their portfolio NEW YORK, NY 12,10012.1k $738.1k $738.1k 0.64% New
86 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 11,77411.8k $718.2k $718.2k 0.01% Added +308 +308
87 TWO SIGMA SECURITIES, LLC 0.08% of their portfolio NEW YORK, NY 11,05211.1k $674.2k $674.2k 0.08% Added +3.8k +3,785
88 Genesis Financial Group, LLC 0.43% of their portfolio PARAMUS, NJ 10,61010.6k $647.2k $647.2k 0.43% Unchanged
89 Koshinski Asset Management, Inc. 0.04% of their portfolio DECATUR, IL 10,43110.4k $636.3k $636.3k 0.04% Added +180 +180
90 INTEGRITY ALLIANCE, LLC. 0.02% of their portfolio Urbandale, IA 10,04910.0k $613.0k $613.0k 0.02% New
91 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 10,03410.0k $612.1k $612.1k 0.00% Reduced -11.2k -11,206
92 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 10,00010.0k $610.0k $610.0k 0.00% Unchanged
93 Banque Cantonale Vaudoise 0.02% of their portfolio LAUSANNE, V8 9,6009.6k $586.0k $586.0k 0.02% Unchanged
94 CENTRAL VALLEY ADVISORS, LLC 0.16% of their portfolio SACRAMENTO, CA 9,6009.6k $585.6k $585.6k 0.16% Unchanged
95 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 8,9889.0k $548.3k $548.3k 0.01% Added +553 +553
96 Horizon Wealth Management, LLC 0.08% of their portfolio LA GRANGE, IL 8,8138.8k $537.6k $537.6k 0.08% Unchanged
97 Institute for Wealth Management, LLC. 0.06% of their portfolio DENVER, CO 8,7828.8k $535.7k $535.7k 0.06% Unchanged
98 Empower Advisory Group, LLC 0.00% of their portfolio Greenwood Village, CO 8,6968.7k $530.5k $530.5k 0.00% Unchanged
99 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 8,6018.6k $524.6k $524.6k 0.01% Added +2 +2
100 Capital Investment Advisory Services, LLC 0.04% of their portfolio RALEIGH, NC 8,4458.4k $515.1k $515.1k 0.04% Added +250 +250