Vault-13

PROSHARES TR UWM

PSHS ULTRUSS2000 · ETP · CUSIP 74347R842

45 institutional holders +1 vs Q3 2025
1,054,3721.1m shares reported held*
$49.6mreported value*
12 new 10 added 11 reduced 14 sold out net bought ≈ $1.2m (+25.1k 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 ≈ $47.04. Options: 3 managers hold calls ($2.9m notional), 3 hold puts ($1.4m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 42Q4 22: 42Q1 23: 44Q2 23: 44Q3 23: 32Q4 23: 50Q1 24: 37Q2 24: 36Q3 24: 43Q4 24: 69Q1 25: 56Q2 25: 56Q3 25: 44Q4 25: 4545Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202242
Q4 202242
Q1 202344
Q2 202344
Q3 202332
Q4 202350
Q1 202437
Q2 202436
Q3 202443
Q4 202469
Q1 202556
Q2 202556
Q3 202544
Q4 202545

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 24: 16 bought or addedQ1 24: 27 cut or sold outQ2 24: 14 bought or addedQ2 24: 19 cut or sold outQ2 24Q3 24: 27 bought or addedQ3 24: 14 cut or sold outQ4 24: 44 bought or addedQ4 24: 22 cut or sold outQ4 24Q1 25: 20 bought or addedQ1 25: 41 cut or sold outQ2 25: 25 bought or addedQ2 25: 28 cut or sold outQ2 25Q3 25: 26 bought or addedQ3 25: 40 cut or sold outQ4 25: 22 bought or addedQ4 25: 25 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241627
Q2 20241419
Q3 20242714
Q4 20244422
Q1 20252041
Q2 20252528
Q3 20252640
Q4 20252225

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ1 25 calls: $1.6mQ1 25 puts: $458.1kQ1 25P/C 0.29Q2 25 calls: $1.8mQ2 25 puts: $263.7kQ2 25P/C 0.15Q3 25 calls: $3.7mQ3 25 puts: $1.6mQ3 25P/C 0.42Q4 25 calls: $2.9mQ4 25 puts: $1.4mQ4 25P/C 0.48
Numbers
QuarterCallsPutsP/C
Q1 2025$1.6m$458.1k0.29
Q2 2025$1.8m$263.7k0.15
Q3 2025$3.7m$1.6m0.42
Q4 2025$2.9m$1.4m0.48

Biggest buyers

CITADEL ADVISORS LLC New +97,257+97.3k
Quadrature Capital Ltd New +71,119+71.1k
Wealthcare Advisory Partners LLC New +68,080+68.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +35,484+35.5k
OLD MISSION CAPITAL LLC New +32,273+32.3k
CWM, LLC Added +30,122+30.1k
Massar Capital Management, LP New +18,161+18.2k
TOTH FINANCIAL ADVISORY CORP Added +13,909+13.9k
RENAISSANCE TECHNOLOGIES LLC New +8,300+8.3k
Kestra Advisory Services, LLC New +6,732+6.7k

Biggest sellers

Client First Investment Management LLC Sold out -108,750-108.8k
CROWLEY WEALTH MANAGEMENT, INC. Sold out -71,360-71.4k
ENVESTNET ASSET MANAGEMENT INC Reduced -70,989-71.0k
IMC-Chicago, LLC Sold out -30,976-31.0k
Tower Research Capital LLC (TRC) Sold out -29,038-29.0k
Orion Porfolio Solutions, LLC Sold out -9,822-9.8k
Polymer Capital Management (HK) LTD Sold out -9,000-9.0k
Forefront Wealth Partners, LLC Sold out -7,945-7.9k
JANE STREET GROUP, LLC Reduced -6,851-6.9k
Integrated Advisors Network LLC Reduced -5,162-5.2k

Biggest calls

CITADEL ADVISORS LLC Reduced $1.3m27.3k shares
JANE STREET GROUP, LLC Added $898.1k19.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $695.9k14.8k shares

Biggest puts

CITADEL ADVISORS LLC Added $771.1k16.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $333.8k7.1k shares
JANE STREET GROUP, LLC New $286.8k6.1k 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 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 184,972185.0k $8.7m $8.7m 0.00% Reduced -71.0k -70,989
2 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 97,25797.3k $4.6m $4.6m 0.00% New
3 TOTH FINANCIAL ADVISORY CORP 0.43% of their portfolio LEESBURG, VA 83,43283.4k $3.9m $3.9m 0.43% Added +13.9k +13,909
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 81,57481.6k $3.8m $3.8m 0.01% Added +35.5k +35,484
5 Quadrature Capital Ltd 0.03% of their portfolio LONDON, X0 71,11971.1k $3.3m $3.3m 0.03% New
6 Wealthcare Advisory Partners LLC 0.06% of their portfolio WEST CHESTER, PA 68,08068.1k $3.2m $3.2m 0.06% New
7 CWM, LLC 0.01% of their portfolio OMAHA, NE 63,00463.0k $3.0m $3.0m 0.01% Added +30.1k +30,122
8 Capital Investment Counsel, Inc 0.28% of their portfolio RALEIGH, NC 51,10451.1k $2.4m $2.4m 0.28% Added +2 +2
9 Dedeker Financial LLC 2.14% of their portfolio ST. LOUIS PARK, MN 50,89850.9k $2.4m $2.4m 2.14% First filing
10 Capital Investment Advisory Services, LLC 0.13% of their portfolio RALEIGH, NC 37,95638.0k $1.8m $1.8m 0.13% Reduced -144 -144
11 OLD MISSION CAPITAL LLC 0.06% of their portfolio CHICAGO, IL 32,27332.3k $1.5m $1.5m 0.06% New
12 Global View Capital Management LLC 0.27% of their portfolio WAUKESHA, WI 30,48730.5k $1.4m $1.4m 0.27% Added +4.0k +3,971
13 Legacy Wealth Partners, LLC 0.35% of their portfolio Lakewood, CO 28,49628.5k $1.3m $1.3m 0.35% First filing
14 Massar Capital Management, LP 0.17% of their portfolio STAMFORD, CT 18,16118.2k $853.9k $853.9k 0.17% New
15 Integrated Advisors Network LLC 0.04% of their portfolio DALLAS, TX 16,82016.8k $790.9k $790.9k 0.04% Reduced -5.2k -5,162
16 BARD ASSOCIATES INC 0.19% of their portfolio CHICAGO, IL 15,67515.7k $737.0k $737.0k 0.19% Reduced -2.0k -1,975
17 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 13,94213.9k $655.6k $655.6k 0.01% Added +2.0k +2,024
18 INTERCAPITAL, LLC 0.27% of their portfolio AUSTIN, TX 10,95511.0k $515.1k $515.1k 0.27% First filing
19 Atlatl Advisers LLC 0.20% of their portfolio MADISON, WI 10,87010.9k $511.1k $511.1k 0.20% Added +990 +990
20 Cassaday & Co Wealth Management LLC 0.01% of their portfolio MCLEAN, VA 9,2889.3k $436.7k $436.7k 0.01% Unchanged
21 Harvest Investment Services, LLC 0.07% of their portfolio Oakbrook Terrace, IL 8,3418.3k $392.2k $392.2k 0.07% Reduced -690 -690
22 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 8,3008.3k $390.3k $390.3k 0.00% New
23 Simplicity Wealth,LLC 0.02% of their portfolio SUMMIT, NJ 8,0158.0k $376.9k $376.9k 0.02% Reduced -3 -3
24 Forefront Analytics, LLC 0.33% of their portfolio WEST CONSHOHOCKEN, PA 7,9778.0k $375.1k $375.1k 0.33% Added +32 +32
25 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 6,7326.7k $316.5k $316.5k 0.00% New
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 6,3256.3k $297.4k $297.4k 0.00% Reduced -6.9k -6,851
27 Verdence Capital Advisors LLC 0.02% of their portfolio HUNT VALLEY, MD 6,1036.1k $287.0k $287.0k 0.02% Reduced -400 -400
28 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 5,7835.8k $271.0k $271.0k 0.00% New
29 Silverleafe Capital Partners, LLC 0.07% of their portfolio GERMANTOWN, TN 4,8924.9k $230.0k $230.0k 0.07% Unchanged
30 Meridian Wealth Management, LLC 0.01% of their portfolio LEXINGTON, KY 4,3904.4k $206.4k $206.4k 0.01% Reduced -717 -717
31 One Wealth Map LLC 0.11% of their portfolio LAS VEGAS, NV 4,0164.0k $212.6k $212.6k 0.11% Reduced -4.0k -4,016
32 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 1,6141.6k $75.9k $75.9k 0.00% Added +6 +6
33 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 1,0001.0k $47.0k $47.0k 0.00% New
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 900900 $42.3k $42.3k 0.00% Added +67 +67
35 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 845845 $39.7k $39.7k 0.00% Unchanged
36 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 660660 $31.0k $31.0k 0.00% Unchanged
37 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.01% of their portfolio INDIANAPOLIS, IN 600600 $28.2k $28.2k 0.01% Reduced -1.2k -1,213
38 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 400400 $18.8k $18.8k 0.00% Unchanged
39 Financial Network Wealth Advisors LLC 0.02% of their portfolio MURRAY, UT 326326 $15.3k $15.3k 0.02% Unchanged
40 Comprehensive Financial Planning, Inc./PA 0.01% of their portfolio EAST PETERSBURG, PA 258258 $12.1k $12.1k 0.01% New
41 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 235235 $11.9k $11.9k 0.00% Unchanged
42 Root Financial Partners, LLC 0.00% of their portfolio ENCINITAS, CA 192192 $9.0k $9.0k 0.00% New
43 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 104104 $4.9k $4.9k 0.00% New
44 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $47 $47 0.00% Unchanged
45 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $66 $66 0.00% Unchanged