Vault-13

PROSHARES TR USD

PSHS ULT SEMICDT · ETP · CUSIP 74347R669

57 institutional holders -6 vs Q4 2025
15,045,51015.0m shares reported held*
$94.7mreported value*
11 new 19 added 10 reduced 17 sold out net bought ≈ $20.1m (-1.1m 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. Holder counts are more reliable. Implied quarter-end price ≈ $6.29. Options: 3 managers hold calls ($27.4m notional), 5 hold puts ($14.5m).

Trends to Q1 2026

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: 63Q1 26: 5757Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 202657

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 21 bought or addedQ2 24: 20 cut or sold outQ3 24: 21 bought or addedQ3 24: 23 cut or sold outQ3 24Q4 24: 30 bought or addedQ4 24: 16 cut or sold outQ1 25: 15 bought or addedQ1 25: 40 cut or sold outQ1 25Q2 25: 26 bought or addedQ2 25: 23 cut or sold outQ3 25: 30 bought or addedQ3 25: 23 cut or sold outQ3 25Q4 25: 27 bought or addedQ4 25: 31 cut or sold outQ1 26: 30 bought or addedQ1 26: 27 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242120
Q3 20242123
Q4 20243016
Q1 20251540
Q2 20252623
Q3 20253023
Q4 20252731
Q1 20263027

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ2 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 0.49Q1 26 calls: $27.4mQ1 26 puts: $14.5mQ1 26P/C 0.53
Numbers
QuarterCallsPutsP/C
Q2 2025$34.6m$15.2m0.44
Q3 2025$34.4m$21.6m0.63
Q4 2025$33.8m$16.4m0.49
Q1 2026$27.4m$14.5m0.53

Biggest buyers

Distillate Capital Partners LLC New +998,614+998.6k
Integrated Wealth Concepts LLC New +599,610+599.6k
Tower Research Capital LLC (TRC) Added +50,351+50.4k
Dedeker Financial LLC Added +24,572+24.6k
Focus Partners Wealth New +19,788+19.8k
Quantinno Capital Management LP Added +17,411+17.4k
Creative Planning New +9,439+9.4k
XTX Topco Ltd New +9,429+9.4k
Dale Q Rice Investment Management Ltd Added +8,716+8.7k
Fortitude Advisory Group L.L.C. New +4,866+4.9k

Biggest sellers

Mariner, LLC Reduced -2,470,827-2.5m
Client First Investment Management LLC Sold out -97,016-97.0k
IMC-Chicago, LLC Sold out -63,823-63.8k
Cambridge Investment Research Advisors, Inc. Reduced -45,106-45.1k
JANE STREET GROUP, LLC Sold out -42,827-42.8k
CITADEL ADVISORS LLC Sold out -37,180-37.2k
AMIRAL GESTION Sold out -14,650-14.7k
Brookwood Investment Group LLC Sold out -10,197-10.2k
Momentous Wealth Management, Inc. Sold out -8,485-8.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -7,872-7.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $20.7m432.2k shares
CITADEL ADVISORS LLC Reduced $4.2m86.6k shares
JANE STREET GROUP, LLC Reduced $2.5m52.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.9m206.4k shares
CITADEL ADVISORS LLC Reduced $2.4m50.1k shares
IMC-Chicago, LLC Reduced $1.5m30.9k shares
JANE STREET GROUP, LLC Reduced $537.0k11.2k shares
GROUP ONE TRADING LLC Reduced $220.6k4.6k 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 Mariner, LLC 0.01% of their portfolio Overland Park, KS 12,361,91612.4m $12.7m $12.7m 0.01% Reduced -2.5m -2,470,827
2 Distillate Capital Partners LLC 0.05% of their portfolio CHICAGO, IL 998,614998.6k $998.6k $998.6k 0.05% New
3 Integrated Wealth Concepts LLC 0.23% of their portfolio WALTHAM, MA 599,610599.6k $28.8m $28.8m 0.23% New
4 Dale Q Rice Investment Management Ltd 16.25% of their portfolio VANCOUVER, WA 447,279447.3k $21.4m $21.4m 16.25% Added +8.7k +8,716
5 Dedeker Financial LLC 3.77% of their portfolio ST. LOUIS PARK, MN 90,22590.2k $4.3m $4.3m 3.77% Added +24.6k +24,572
6 Tower Research Capital LLC (TRC) 0.11% of their portfolio NEW YORK, NY 87,71187.7k $4.2m $4.2m 0.11% Added +50.4k +50,351
7 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 58,40758.4k $2.8m $2.8m 0.01% Reduced -1.9k -1,875
8 Retirement Planning Co of New England, Inc. 0.95% of their portfolio Warwick, RI 48,91048.9k $2.3m $2.3m 0.95% Reduced -1.6k -1,555
9 HUB Investment Partners, LLC 0.03% of their portfolio AUSTIN, TX 25,22025.2k $1.2m $1.2m 0.03% Added +31 +31
10 AVAII WEALTH MANAGEMENT, LLC 0.42% of their portfolio APPLETON, WI 24,86424.9k $1.2m $1.2m 0.42% Unchanged
11 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 21,61521.6k $1.0m $1.0m 0.00% Added +17.4k +17,411
12 Beaton Management Co. Inc. 0.45% of their portfolio HAVERHILL, MA 20,98021.0k $1.0m $1.0m 0.45% Unchanged
13 Advisory Alpha, LLC 0.03% of their portfolio HOLLAND, MI 20,58520.6k $987.1k $987.1k 0.03% Added +26 +26
14 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 19,78819.8k $948.9k $948.9k 0.00% New
15 Morse Asset Management, Inc 0.18% of their portfolio DARIEN, CT 17,74717.7k $851.0k $851.0k 0.18% Added +60 +60
16 US Asset Management LLC 0.61% of their portfolio PITTSBURGH, PA 14,62614.6k $701.3k $701.3k 0.61% Unchanged
17 Chung Wu Investment Group, LLC 0.58% of their portfolio SUGAR LAND, TX 13,96014.0k $669.4k $669.4k 0.58% Reduced -4.2k -4,240
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,62513.6k $653.3k $653.3k 0.00% Reduced -7.9k -7,872
19 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 13,10713.1k $628.0k $628.0k 0.00% Reduced -45.1k -45,106
20 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 11,75911.8k $563.0k $563.0k 0.00% Added +4.7k +4,687
21 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 10,27610.3k $492.7k $492.7k 0.01% Reduced -200 -200
22 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 9,4399.4k $452.6k $452.6k 0.00% New
23 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 9,4299.4k $452.1k $452.1k 0.01% New
24 Valeo Financial Advisors, LLC 0.01% of their portfolio CARMEL, IN 9,2009.2k $441.1k $441.1k 0.01% Unchanged
25 TWO SIGMA SECURITIES, LLC 0.05% of their portfolio NEW YORK, NY 8,9919.0k $431.1k $431.1k 0.05% Added +3.6k +3,637
26 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 8,8148.8k $444.4k $444.4k 0.00% Added +3.0k +3,000
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,4647.5k $322.4k $322.4k 0.00% Added +160 +160
28 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 7,3147.3k $364.8k $364.8k 0.00% Added +990 +990
29 Pure Financial Advisors, LLC 0.00% of their portfolio SAN DIEGO, CA 6,8726.9k $329.5k $329.5k 0.00% Unchanged
30 J.E. Simmons & Co., P.C. 0.17% of their portfolio DALLAS, TX 5,3245.3k $255.3k $255.3k 0.17% Reduced -3.1k -3,100
31 Concentrum Wealth Management 0.07% of their portfolio SAN JOSE, CA 4,9404.9k $236.9k $236.9k 0.07% Added +37 +37
32 Fortitude Advisory Group L.L.C. 0.11% of their portfolio GIG HARBOR, WA 4,8664.9k $233.3k $233.3k 0.11% New
33 Moors & Cabot, Inc. 0.01% of their portfolio BOSTON, MA 4,8544.9k $232.7k $232.7k 0.01% Added +7 +7
34 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 4,8154.8k $230.9k $230.9k 0.01% Added +7 +7
35 Plotkin Financial Advisors, LLC 0.11% of their portfolio CHEVY CHASE, MD 4,7404.7k $227.3k $227.3k 0.11% Unchanged
36 Rothschild Wealth LLC 0.02% of their portfolio OAK BROOK, IL 4,6004.6k $220.6k $220.6k 0.02% Unchanged
37 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 4,3954.4k $210.8k $210.8k 0.01% Reduced -52 -52
38 DIVERSIFY WEALTH MANAGEMENT, LLC 0.00% of their portfolio SANDY, UT 3,2283.2k $254.7k $254.7k 0.00% New
39 Diversify Advisory Services, LLC 0.04% of their portfolio SANDY, UT 3,0303.0k $239.1k $239.1k 0.04% New
40 Keating Financial Advisory Services, Inc. 0.02% of their portfolio MANHATTAN, KS 2,2402.2k $107.4k $107.4k 0.02% Unchanged
41 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 2,1562.2k $103.4k $103.4k 0.00% Unchanged
42 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 1,9992.0k $95.9k $95.9k 0.00% Added +2.0k +1,954
43 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 962962 $46.1k $46.1k 0.00% Unchanged
44 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 960960 $49.0k $49.0k 0.00% Unchanged
45 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 853853 $40.9k $40.9k 0.00% New
46 BOKF, NA 0.00% of their portfolio TULSA, OK 720720 $34.5k $34.5k 0.00% Unchanged
47 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 710710 $34.0k $34.0k 0.00% Added +708 +708
48 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 609609 $29.2k $29.2k 0.00% Unchanged
49 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 446446 $21.4k $21.4k 0.00% Added +23 +23
50 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 400400 $19.0k $19.0k 0.00% Unchanged
51 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 176176 $8.8k $8.8k 0.00% Unchanged
52 Rossby Financial, LCC 0.00% of their portfolio MELBOURNE, FL 7171 $3.5k $3.5k 0.00% New
53 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 6060 $2.9k $2.9k 0.00% Unchanged
54 Wall Street Financial Group, Inc. 0.00% of their portfolio CARLINVILLE, IL 66 $288 $288 0.00% New
55 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 22 $96 $96 0.00% Unchanged
56 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $58 $58 0.00% Added +1 +1
57 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 00 $6 $6 0.00% Reduced -312 -312