Vault-13

PROSHARES TR CSM

LARGE CAP CRE · ETP · CUSIP 74347R248

105 institutional holders +3 vs Q3 2025
3,421,5723.4m shares reported held*
$272.6mreported value*
11 new 23 added 37 reduced 6 sold out net bought ≈ $11.8m (+148.3k 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 ≈ $79.67.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 77Q4 22: 87Q1 23: 80Q2 23: 86Q3 23: 84Q4 23: 88Q1 24: 87Q2 24: 88Q3 24: 89Q4 24: 95Q1 25: 99Q2 25: 100Q3 25: 102Q4 25: 105105Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202277
Q4 202287
Q1 202380
Q2 202386
Q3 202384
Q4 202388
Q1 202487
Q2 202488
Q3 202489
Q4 202495
Q1 202599
Q2 2025100
Q3 2025102
Q4 2025105

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 24: 24 bought or addedQ1 24: 44 cut or sold outQ2 24: 16 bought or addedQ2 24: 41 cut or sold outQ2 24Q3 24: 25 bought or addedQ3 24: 34 cut or sold outQ4 24: 29 bought or addedQ4 24: 31 cut or sold outQ4 24Q1 25: 25 bought or addedQ1 25: 37 cut or sold outQ2 25: 27 bought or addedQ2 25: 45 cut or sold outQ2 25Q3 25: 35 bought or addedQ3 25: 44 cut or sold outQ4 25: 34 bought or addedQ4 25: 43 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242444
Q2 20241641
Q3 20242534
Q4 20242931
Q1 20252537
Q2 20252745
Q3 20253544
Q4 20253443

Biggest buyers

UNITED CAPITAL FINANCIAL ADVISORS, LLC New +86,946+86.9k
HighPoint Advisor Group LLC New +49,076+49.1k
CreativeOne Wealth, LLC New +15,008+15.0k
Elmwood Wealth Management, Inc. New +13,881+13.9k
Patten Group, Inc. Added +10,599+10.6k
TWO SIGMA INVESTMENTS, LP Added +9,600+9.6k
Intrua Financial, LLC New +8,015+8.0k
HRT FINANCIAL LP New +5,936+5.9k
Soundwatch Capital LLC New +5,796+5.8k
Waterfront Wealth Inc. Added +3,923+3.9k

Biggest sellers

KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Reduced -15,871-15.9k
MORGAN STANLEY Reduced -13,857-13.9k
LPL Financial LLC Reduced -9,369-9.4k
ROYAL BANK OF CANADA Reduced -9,220-9.2k
GILL CAPITAL PARTNERS, LLC Reduced -3,576-3.6k
Cetera Investment Advisers Reduced -2,899-2.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,681-1.7k
COMERICA BANK Reduced -1,432-1.4k
Bank of New York Mellon Corp Reduced -1,345-1.3k
B. Riley Wealth Advisors, Inc. Reduced -1,289-1.3k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 799,731799.7k $63.7m $63.7m 0.00% Reduced -13.9k -13,857
2 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.08% of their portfolio LOS ANGELES, CA 380,400380.4k $30.3m $30.3m 0.08% Reduced -15.9k -15,871
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 293,117293.1k $23.4m $23.4m 0.01% Reduced -9.4k -9,369
4 B. Riley Wealth Advisors, Inc. 0.66% of their portfolio MEMPHIS, TN 175,123175.1k $14.0m $14.0m 0.66% Reduced -1.3k -1,289
5 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 121,557121.6k $9.7m $9.7m 0.01% Added +751 +751
6 Onyx Bridge Wealth Group LLC 0.99% of their portfolio TARRYTOWN, NY 116,357116.4k $9.3m $9.3m 0.99% Reduced -520 -520
7 Waterfront Wealth Inc. 1.66% of their portfolio OVERLAND PARK, KS 109,105109.1k $8.7m $8.7m 1.66% Added +3.9k +3,923
8 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 98,92898.9k $7.9m $7.9m 0.00% Added +1.1k +1,082
9 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio IRVING, TX 86,94686.9k $6.9m $6.9m 0.04% New
10 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 76,81576.8k $6.1m $6.1m 0.00% Reduced -1.3k -1,345
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 69,74669.7k $5.6m $5.6m 0.00% Added +1.2k +1,214
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 65,42565.4k $5.2m $5.2m 0.00% Added +1.7k +1,732
13 Legacy Private Trust Co. 0.26% of their portfolio NEENAH, WI 55,75055.8k $4.4m $4.4m 0.26% Reduced -24 -24
14 Mutual Advisors, LLC 0.09% of their portfolio OMAHA, NE 52,33852.3k $4.2m $4.2m 0.09% Unchanged
15 HighPoint Advisor Group LLC 0.09% of their portfolio DOWNERS GROVE, IL 49,07649.1k $3.9m $3.9m 0.09% New
16 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 48,41548.4k $3.9m $3.9m 0.01% Reduced -440 -440
17 GILL CAPITAL PARTNERS, LLC 1.15% of their portfolio DENVER, CO 47,66447.7k $3.8m $3.8m 1.15% Reduced -3.6k -3,576
18 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 47,39947.4k $3.8m $3.8m 0.00% Reduced -211 -211
19 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 41,41441.4k $3.3m $3.3m 0.01% Reduced -64 -64
20 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 35,56535.6k $2.8m $2.8m 0.01% Reduced -39 -39
21 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 34,20134.2k $2.7m $2.7m 0.00% Reduced -1.0k -1,017
22 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 32,82832.8k $2.6m $2.6m 0.00% Reduced -2.9k -2,899
23 Duncan Williams Asset Management, LLC 0.62% of their portfolio MEMPHIS, TN 31,71231.7k $2.5m $2.5m 0.62% Added +550 +550
24 MANCHESTER FINANCIAL INC 0.46% of their portfolio Westlake Village, CA 30,77430.8k $2.5m $2.5m 0.46% Added +768 +768
25 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 29,97230.0k $2.4m $2.4m 0.00% Added +2 +2
26 HCR Wealth Advisors 0.20% of their portfolio LOS ANGELES, CA 25,71425.7k $2.0m $2.0m 0.20% Unchanged
27 Patten Group, Inc. 0.35% of their portfolio CHATTANOOGA, TN 24,06624.1k $1.9m $1.9m 0.35% Added +10.6k +10,599
28 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 21,02221.0k $1.7m $1.7m 0.00% Added +413 +413
29 LEAVELL INVESTMENT MANAGEMENT, INC. 0.07% of their portfolio MOBILE, AL 19,71419.7k $1.6m $1.6m 0.07% Unchanged
30 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 17,32817.3k $1.4m $1.4m 0.01% Added +10 +10
31 CreativeOne Wealth, LLC 0.03% of their portfolio OVERLAND PARK, KS 15,00815.0k $1.2m $1.2m 0.03% New
32 THOROUGHBRED FINANCIAL SERVICES, LLC 0.07% of their portfolio BRENTWOOD, TN 14,05114.1k $1.1m $1.1m 0.07% Unchanged
33 Elmwood Wealth Management, Inc. 0.35% of their portfolio BERKELEY, CA 13,88113.9k $1.1m $1.1m 0.35% New
34 EVERGREEN CAPITAL MANAGEMENT LLC 0.02% of their portfolio Bellevue, WA 13,55213.6k $1.1m $1.1m 0.02% Unchanged
35 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 13,20013.2k $1.1m $1.1m 0.00% Added +9.6k +9,600
36 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 12,62612.6k $1.0m $1.0m 0.00% Added +30 +30
37 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 12,60912.6k $1.0m $1.0m 0.00% Reduced -9.2k -9,220
38 WEDBUSH SECURITIES INC 0.03% of their portfolio PASADENA, CA 12,56312.6k $1.0m $1.0m 0.03% Added +2 +2
39 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 11,92611.9k $950.3k $950.3k 0.00% Reduced -534 -534
40 SeaCrest Wealth Management, LLC 0.09% of their portfolio PURCHASE, NY 10,66710.7k $855.4k $855.4k 0.09% Reduced -100 -100
41 Navis Wealth Advisors, LLC 0.34% of their portfolio RYE BROOK, NY 10,10210.1k $804.9k $804.9k 0.34% Reduced -497 -497
42 Prosperity Financial Group, Inc. 0.28% of their portfolio San Ramon, CA 9,8609.9k $785.6k $785.6k 0.28% Reduced -195 -195
43 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 9,1639.2k $730.6k $730.6k 0.01% Added +86 +86
44 QTR Family Wealth, LLC 0.32% of their portfolio LAKE MARY, FL 9,0409.0k $721.6k $721.6k 0.32% Reduced -989 -989
45 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 8,6708.7k $690.8k $690.8k 0.00% Unchanged
46 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 8,3908.4k $668.5k $668.5k 0.00% Reduced -98 -98
47 Intrua Financial, LLC 0.07% of their portfolio Houston, TX 8,0158.0k $638.6k $638.6k 0.07% New
48 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 7,6847.7k $612.3k $612.3k 0.00% Added +7 +7
49 FMR LLC 0.00% of their portfolio BOSTON, MA 7,5007.5k $597.6k $597.6k 0.00% Reduced -502 -502
50 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 7,4157.4k $590.8k $590.8k 0.01% Reduced -406 -406
51 Empower Advisory Group, LLC 0.00% of their portfolio Greenwood Village, CO 7,0277.0k $559.9k $559.9k 0.00% Unchanged
52 Bienville Capital Management, LLC 0.08% of their portfolio New York, NY 6,6006.6k $525.9k $525.9k 0.08% Unchanged
53 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 6,4896.5k $497.1k $497.1k 0.01% Added +6 +6
54 WealthPLAN Partners, LLC 0.07% of their portfolio OMAHA, NE 6,1346.1k $488.8k $488.8k 0.07% Added +2 +2
55 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 5,9365.9k $472.0k $472.0k 0.00% New
56 Soundwatch Capital LLC 0.07% of their portfolio DALLAS, TX 5,7965.8k $461.8k $461.8k 0.07% New
57 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,6105.6k $447.0k $447.0k 0.00% Unchanged
58 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 5,4195.4k $431.8k $431.8k 0.00% Reduced -183 -183
59 Commonwealth Financial Services, LLC 0.07% of their portfolio VIENNA, WV 5,3355.3k $425.1k $425.1k 0.07% Reduced -75 -75
60 Perennial Investment Advisors, LLC 0.03% of their portfolio Los Angeles, CA 5,0015.0k $398.5k $398.5k 0.03% Unchanged
61 Kelman-Lazarov, Inc. 0.05% of their portfolio MEMPHIS, TN 4,8004.8k $382.5k $382.5k 0.05% Unchanged
62 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 4,7454.7k $378.1k $378.1k 0.00% Unchanged
63 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 4,3964.4k $350.3k $350.3k 0.00% Unchanged
64 EVERMAY WEALTH MANAGEMENT LLC 0.04% of their portfolio ARLINGTON, VA 4,3424.3k $346.0k $346.0k 0.04% Unchanged
65 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 4,2974.3k $342.4k $342.4k 0.00% Unchanged
66 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 4,2124.2k $335.6k $335.6k 0.02% Reduced -197 -197
67 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,1224.1k $328.4k $328.4k 0.00% Added +13 +13
68 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 4,0724.1k $324.5k $324.5k 0.01% Reduced -350 -350
69 Mariner, LLC 0.00% of their portfolio Overland Park, KS 3,9974.0k $318.5k $318.5k 0.00% Reduced -538 -538
70 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 3,9634.0k $315.8k $315.8k 0.00% Added +13 +13
71 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 3,6583.7k $291.5k $291.5k 0.01% Unchanged
72 Pacific Sun Financial Corp 0.14% of their portfolio LOS ANGELES, CA 3,5403.5k $282.1k $282.1k 0.14% Unchanged
73 Werba Rubin Papier Wealth Management 0.07% of their portfolio SAN JOSE, CA 3,4643.5k $276.0k $276.0k 0.07% Unchanged
74 LeClair Wealth Partners LLC 0.16% of their portfolio DUBLIN, OH 3,4263.4k $273.0k $273.0k 0.16% Reduced -260 -260
75 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 3,3823.4k $269.5k $269.5k 0.00% Unchanged
76 CALDWELL SUTTER CAPITAL, INC. 0.11% of their portfolio SAUSALITO, CA 3,3303.3k $265.3k $265.3k 0.11% Unchanged
77 WEALTH EFFECTS LLC 0.08% of their portfolio BOSTON, MA 3,2033.2k $255.2k $255.2k 0.08% Unchanged
78 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 3,1173.1k $248.3k $248.3k 0.00% Reduced -1.3k -1,282
79 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 3,0843.1k $245.7k $245.7k 0.00% Reduced -1.7k -1,681
80 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 3,0493.0k $243.0k $243.0k 0.00% New
81 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 2,8982.9k $231.0k $231.0k 0.00% Added +2 +2
82 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 2,8962.9k $234.1k $234.1k 0.00% Unchanged
83 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,8462.8k $226.8k $226.8k 0.00% Reduced -1.4k -1,432
84 JBR Co Financial Management Inc 0.09% of their portfolio ARDMORE, OK 2,7802.8k $221.5k $221.5k 0.09% Reduced -65 -65
85 Focus Financial Network, Inc. 0.01% of their portfolio MINNEAPOLIS, MN 2,7372.7k $218.1k $218.1k 0.01% Reduced -676 -676
86 Sequent Planning LLC 0.05% of their portfolio OMAHA, NE 2,6622.7k $212.1k $212.1k 0.05% New
87 RDA Financial Network 0.05% of their portfolio AKRON, IA 2,5862.6k $206.1k $206.1k 0.05% Reduced -303 -303
88 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 2,4852.5k $198.0k $198.0k 0.02% Reduced -206 -206
89 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,1442.1k $170.8k $170.8k 0.00% Unchanged
90 Global Wealth Strategies & Associates 0.04% of their portfolio DENVER, CO 2,0902.1k $166.6k $166.6k 0.04% Unchanged
91 HHM Wealth Advisors, LLC 0.02% of their portfolio CHATTANOOGA, TN 1,6351.6k $130.3k $130.3k 0.02% Unchanged
92 JNBA Financial Advisors 0.01% of their portfolio BLOOMINGTON, MN 1,0501.1k $83.7k $83.7k 0.01% Unchanged
93 Silicon Valley Capital Partners 0.00% of their portfolio SAN JOSE, CA 639639 $50.9k $50.9k 0.00% Added +2 +2
94 First Pacific Financial 0.00% of their portfolio VANCOUVER, WA 458458 $36.5k $36.5k 0.00% Added +1 +1
95 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 369369 $29.4k $29.4k 0.00% Reduced -369 -369
96 WPG Advisers, LLC 0.02% of their portfolio BALTIMORE, MD 352352 $28.0k $28.0k 0.02% Unchanged
97 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 310310 $24.7k $24.7k 0.00% New
98 West Branch Capital LLC 0.00% of their portfolio AMHERST, MA 207207 $16.5k $16.5k 0.00% Unchanged
99 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 194194 $15.5k $15.5k 0.00% Unchanged
100 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 190190 $15.1k $15.1k 0.00% Unchanged