Vault-13

PROSHARES TR USD

PSHS ULT SEMICDT · ETP · CUSIP 74347R669

63 institutional holders +5 vs Q3 2025
16,114,15116.1m shares reported held*
$82.3mreported value*
12 new 15 added 22 reduced 9 sold out net sold ≈ $40.2m (-3.8m shares)

Q3 2025 share counts are adjusted for a 2-for-1 stock split, so holders aren't shown as buying or selling because of it.

* 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 ≈ $5.10. Options: 3 managers hold calls ($33.8m notional), 5 hold puts ($16.4m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 28Q4 22: 27Q1 23: 29Q2 23: 33Q3 23: 25Q4 23: 33Q1 24: 39Q2 24: 46Q3 24: 42Q4 24: 58Q1 25: 41Q2 25: 49Q3 25: 58Q4 25: 6363Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202228
Q4 202227
Q1 202329
Q2 202333
Q3 202325
Q4 202333
Q1 202439
Q2 202446
Q3 202442
Q4 202458
Q1 202541
Q2 202549
Q3 202558
Q4 202563

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 16 bought or addedQ1 24: 20 cut or sold outQ2 24: 21 bought or addedQ2 24: 20 cut or sold outQ2 24Q3 24: 21 bought or addedQ3 24: 23 cut or sold outQ4 24: 30 bought or addedQ4 24: 16 cut or sold outQ4 24Q1 25: 15 bought or addedQ1 25: 40 cut or sold outQ2 25: 26 bought or addedQ2 25: 23 cut or sold outQ2 25Q3 25: 30 bought or addedQ3 25: 23 cut or sold outQ4 25: 27 bought or addedQ4 25: 31 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241620
Q2 20242120
Q3 20242123
Q4 20243016
Q1 20251540
Q2 20252623
Q3 20253023
Q4 20252731

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ1 25 calls: $9.9mQ1 25 puts: $11.5mQ1 25P/C 1.16Q2 25 calls: $34.6mQ2 25 puts: $15.2mQ2 25P/C 0.44Q3 25 calls: $34.4mQ3 25 puts: $21.6mQ3 25P/C 0.63Q4 25 calls: $33.8mQ4 25 puts: $16.4mQ4 25P/C 0.49
Numbers
QuarterCallsPutsP/C
Q1 2025$9.9m$11.5m1.16
Q2 2025$34.6m$15.2m0.44
Q3 2025$34.4m$21.6m0.63
Q4 2025$33.8m$16.4m0.49

Biggest buyers

Cambridge Investment Research Advisors, Inc. Added +45,061+45.1k
Tower Research Capital LLC (TRC) Added +37,358+37.4k
CITADEL ADVISORS LLC New +37,180+37.2k
JANE STREET GROUP, LLC Added +30,313+30.3k
HUB Investment Partners, LLC New +25,189+25.2k
Momentous Wealth Management, Inc. New +8,485+8.5k
Scientech Research LLC New +7,562+7.6k
Rothschild Wealth LLC New +4,600+4.6k
Farther Finance Advisors, LLC Added +4,382+4.4k
Chung Wu Investment Group, LLC Added +1,400+1.4k

Biggest sellers

Mariner, LLC Reduced -2,975,549-3.0m
Integrated Wealth Concepts LLC Sold out -601,436-601.4k
Client First Investment Management LLC Reduced -126,150-126.2k
JPMORGAN CHASE & CO Reduced -64,072-64.1k
IMC-Chicago, LLC Reduced -41,591-41.6k
RENAISSANCE TECHNOLOGIES LLC Sold out -31,800-31.8k
AMIRAL GESTION Reduced -23,728-23.7k
Dale Q Rice Investment Management Ltd Reduced -23,133-23.1k
Headlands Technologies LLC Sold out -21,766-21.8k
VESTOR CAPITAL, LLC Reduced -20,087-20.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $21.8m415.0k shares
CITADEL ADVISORS LLC Reduced $7.5m142.5k shares
JANE STREET GROUP, LLC Reduced $4.5m85.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.5m123.3k shares
CITADEL ADVISORS LLC Reduced $4.6m87.7k shares
IMC-Chicago, LLC Reduced $2.8m54.2k shares
JANE STREET GROUP, LLC Reduced $2.2m41.6k shares
GROUP ONE TRADING LLC Reduced $273.1k5.2k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Mariner, LLC 0.02% of their portfolio Overland Park, KS 14,832,74314.8m $15.0m $15.0m 0.02% Reduced -3.0m -2,975,549
2 Dale Q Rice Investment Management Ltd 16.48% of their portfolio VANCOUVER, WA 438,563438.6k $23.0m $23.0m 16.48% Reduced -23.1k -23,133
3 Client First Investment Management LLC 2.67% of their portfolio West Bend, WI 97,01697.0k $5.1m $5.1m 2.67% Reduced -126.2k -126,150
4 Dedeker Financial LLC 3.09% of their portfolio ST. LOUIS PARK, MN 65,65365.7k $3.4m $3.4m 3.09% First filing
5 IMC-Chicago, LLC 0.06% of their portfolio CHICAGO, IL 63,82363.8k $3.4m $3.4m 0.06% Reduced -41.6k -41,591
6 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 60,28260.3k $3.2m $3.2m 0.01% Reduced -220 -220
7 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 58,21358.2k $3.1m $3.1m 0.01% Added +45.1k +45,061
8 Retirement Planning Co of New England, Inc. 1.06% of their portfolio Warwick, RI 50,46550.5k $2.6m $2.6m 1.06% Reduced -2.7k -2,735
9 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 42,82742.8k $2.2m $2.2m 0.00% Added +30.3k +30,313
10 Tower Research Capital LLC (TRC) 0.05% of their portfolio NEW YORK, NY 37,36037.4k $2.0m $2.0m 0.05% Added +37.4k +37,358
11 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 37,18037.2k $2.0m $2.0m 0.00% New
12 HUB Investment Partners, LLC 0.04% of their portfolio AUSTIN, TX 25,18925.2k $1.3m $1.3m 0.04% New
13 AVAII WEALTH MANAGEMENT, LLC 0.47% of their portfolio APPLETON, WI 24,86424.9k $1.3m $1.3m 0.47% Unchanged
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 21,49721.5k $1.1m $1.1m 0.00% Reduced -1.7k -1,705
15 Beaton Management Co. Inc. 0.49% of their portfolio HAVERHILL, MA 20,98021.0k $1.1m $1.1m 0.49% Reduced -4.5k -4,460
16 Advisory Alpha, LLC 0.03% of their portfolio HOLLAND, MI 20,55920.6k $1.1m $1.1m 0.03% Added +31 +31
17 Chung Wu Investment Group, LLC 0.78% of their portfolio SUGAR LAND, TX 18,20018.2k $955.7k $955.7k 0.78% Added +1.4k +1,400
18 Morse Asset Management, Inc 0.19% of their portfolio DARIEN, CT 17,68717.7k $928.7k $928.7k 0.19% Reduced -63 -63
19 AMIRAL GESTION 0.01% of their portfolio PARIS, I0 14,65014.7k $14.7k $14.7k 0.01% Reduced -23.7k -23,728
20 US Asset Management LLC 0.63% of their portfolio PITTSBURGH, PA 14,62614.6k $768.0k $768.0k 0.63% Reduced -4.2k -4,164
21 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 10,47610.5k $550.1k $550.1k 0.01% Added +500 +500
22 Brookwood Investment Group LLC 0.06% of their portfolio PHOENIX, AZ 10,19710.2k $535.4k $535.4k 0.06% Reduced -2.4k -2,365
23 Valeo Financial Advisors, LLC 0.01% of their portfolio CARMEL, IN 9,2009.2k $483.1k $483.1k 0.01% Unchanged
24 Momentous Wealth Management, Inc. 0.25% of their portfolio VANCOUVER, WA 8,4858.5k $445.5k $445.5k 0.25% New
25 J.E. Simmons & Co., P.C. 0.29% of their portfolio DALLAS, TX 8,4248.4k $442.3k $442.3k 0.29% First filing
26 Scientech Research LLC 0.25% of their portfolio JERSEY CITY, NJ 7,5627.6k $397.1k $397.1k 0.25% New
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,3047.3k $383.5k $383.5k 0.00% Reduced -64.1k -64,072
28 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 7,0727.1k $371.0k $371.0k 0.00% Reduced -2.3k -2,288
29 Pure Financial Advisors, LLC 0.01% of their portfolio SAN DIEGO, CA 6,8726.9k $360.8k $360.8k 0.01% Unchanged
30 First National Trust Co 0.01% of their portfolio Johnstown, PA 6,4006.4k $336.1k $336.1k 0.01% Unchanged
31 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 6,3246.3k $332.1k $332.1k 0.00% Added +4.4k +4,382
32 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 5,8145.8k $324.2k $324.2k 0.00% Added +200 +200
33 TWO SIGMA SECURITIES, LLC 0.04% of their portfolio NEW YORK, NY 5,3545.4k $281.1k $281.1k 0.04% Reduced -4.1k -4,082
34 Concentrum Wealth Management 0.07% of their portfolio SAN JOSE, CA 4,9034.9k $257.5k $257.5k 0.07% Added +49 +49
35 Moors & Cabot, Inc. 0.01% of their portfolio BOSTON, MA 4,8474.8k $254.5k $254.5k 0.01% Added +7 +7
36 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 4,8084.8k $252.5k $252.5k 0.01% Added +32 +32
37 Plotkin Financial Advisors, LLC 0.12% of their portfolio CHEVY CHASE, MD 4,7404.7k $248.9k $248.9k 0.12% Unchanged
38 Rothschild Wealth LLC 0.02% of their portfolio OAK BROOK, IL 4,6004.6k $241.5k $241.5k 0.02% New
39 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 4,4474.4k $233.5k $233.5k 0.01% Added +5 +5
40 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 4,2614.3k $223.7k $223.7k 0.00% Added +149 +149
41 Chicago Partners Investment Group LLC 0.01% of their portfolio CHICAGO, IL 4,2054.2k $238.2k $238.2k 0.01% Reduced -1 -1
42 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 4,2044.2k $220.8k $220.8k 0.00% Unchanged
43 Keating Financial Advisory Services, Inc. 0.02% of their portfolio MANHATTAN, KS 2,2402.2k $117.6k $117.6k 0.02% First filing
44 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 2,1562.2k $113.2k $113.2k 0.00% Added +520 +520
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0881.1k $57.1k $57.1k 0.00% New
46 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 962962 $50.5k $50.5k 0.00% Reduced -864 -864
47 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 960960 $53.5k $53.5k 0.00% Unchanged
48 BOKF, NA 0.00% of their portfolio TULSA, OK 720720 $37.8k $37.8k 0.00% Unchanged
49 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 609609 $32.0k $32.0k 0.00% New
50 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 423423 $22.2k $22.2k 0.00% Reduced -437 -437
51 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 400400 $21.0k $21.0k 0.00% Unchanged
52 Catalyst Capital Advisors LLC 0.00% of their portfolio San Juan, PR 312312 $16.4k $16.4k 0.00% New
53 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 312312 $16.4k $16.4k 0.00% Reduced -524 -524
54 VESTOR CAPITAL, LLC 0.05% of their portfolio CHICAGO, IL 295295 $767.0k $767.0k 0.05% Reduced -20.1k -20,087
55 Wealth Watch Advisors, INC 0.00% of their portfolio ENGLEWOOD, CO 194194 $10.2k $10.2k 0.00% Unchanged
56 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 176176 $10.1k $10.1k 0.00% New
57 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 164164 $8.6k $8.6k 0.00% New
58 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 155155 $8.1k $8.1k 0.00% Added +113 +113
59 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 6060 $3.2k $3.2k 0.00% Unchanged
60 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 4545 $2.4k $2.4k 0.00% New
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 22 $105 $105 0.00% New
62 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 22 $105 $105 0.00% Reduced -708 -708
63 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $23 $23 0.00% Reduced -2 -2