Vault-13

PROSHARES TR II UGL

ULTRA GOLD · ETP · CUSIP 74347W601

40 institutional holders -16 vs Q1 2026
1,116,9541.1m shares reported held*
$49.0mreported value*
7 new 11 added 11 reduced 22 sold out net sold ≈ $22.5m (-513.9k 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 ≈ $43.89. Options: 6 managers hold calls ($34.6m notional), 5 hold puts ($16.5m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 21Q4 22: 24Q1 23: 26Q2 23: 22Q3 23: 22Q4 23: 24Q1 24: 20Q2 24: 25Q3 24: 31Q4 24: 35Q1 25: 44Q2 25: 42Q3 25: 46Q4 25: 55Q1 26: 56Q2 26: 4040Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202221
Q4 202224
Q1 202326
Q2 202322
Q3 202322
Q4 202324
Q1 202420
Q2 202425
Q3 202431
Q4 202435
Q1 202544
Q2 202542
Q3 202546
Q4 202555
Q1 202656
Q2 202640

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 18 bought or addedQ3 24: 10 cut or sold outQ4 24: 16 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 21 bought or addedQ1 25: 14 cut or sold outQ2 25: 17 bought or addedQ2 25: 26 cut or sold outQ2 25Q3 25: 21 bought or addedQ3 25: 22 cut or sold outQ4 25: 28 bought or addedQ4 25: 23 cut or sold outQ4 25Q1 26: 26 bought or addedQ1 26: 39 cut or sold outQ2 26: 18 bought or addedQ2 26: 33 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241810
Q4 20241614
Q1 20252114
Q2 20251726
Q3 20252122
Q4 20252823
Q1 20262639
Q2 20261833

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 25 calls: $72.6mQ3 25 puts: $20.9mQ3 25P/C 0.29Q4 25 calls: $105.1mQ4 25 puts: $40.6mQ4 25P/C 0.39Q1 26 calls: $68.3mQ1 26 puts: $38.3mQ1 26P/C 0.56Q2 26 calls: $34.6mQ2 26 puts: $16.5mQ2 26P/C 0.48
Numbers
QuarterCallsPutsP/C
Q3 2025$72.6m$20.9m0.29
Q4 2025$105.1m$40.6m0.39
Q1 2026$68.3m$38.3m0.56
Q2 2026$34.6m$16.5m0.48

Biggest buyers

Quadrature Capital Ltd Added +54,604+54.6k
THOR TRADING ADVISORS, LLC New +28,396+28.4k
Global Assets Advisory, LLC New +20,224+20.2k
BNP PARIBAS FINANCIAL MARKETS Added +19,141+19.1k
MAI Capital Management New +17,396+17.4k
TWO SIGMA SECURITIES, LLC New +12,019+12.0k
StoneX Group Inc. New +6,674+6.7k
LPL Financial LLC New +5,594+5.6k
FLOW TRADERS U.S. LLC Added +5,452+5.5k
UBS Group AG Added +1,545+1.5k

Biggest sellers

TB Alternative Assets Ltd. Reduced -413,003-413.0k
Jump Financial, LLC Reduced -47,556-47.6k
China Universal Asset Management Co., Ltd. Reduced -39,000-39.0k
MORGAN STANLEY Reduced -23,194-23.2k
EVOKE WEALTH, LLC Sold out -17,396-17.4k
MAINSTAY CAPITAL MANAGEMENT LLC /ADV Sold out -14,320-14.3k
NKCFO LLC Sold out -14,000-14.0k
PMV Capital Advisers, LLC Reduced -13,336-13.3k
GOLDMAN SACHS GROUP INC Sold out -11,600-11.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -11,529-11.5k

Biggest calls

IMC-Chicago, LLC Added $9.8m223.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $7.0m160.5k shares
CITADEL ADVISORS LLC Reduced $6.6m150.4k shares
JANE STREET GROUP, LLC Reduced $6.2m140.5k shares
GROUP ONE TRADING LLC Reduced $5.0m114.0k shares
FNY Investment Advisers, LLC Unchanged $2.0k50 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $6.2m141.8k shares
IMC-Chicago, LLC Reduced $4.8m109.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.2m72.4k shares
JANE STREET GROUP, LLC Reduced $2.0m46.5k shares
GROUP ONE TRADING LLC Reduced $307.1k7.0k 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.

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TB Alternative Assets Ltd. 2.00% of their portfolio HONG KONG, K3 284,736284.7k $12.5m $12.5m 2.00% Reduced -413.0k -413,003
2 Quadrature Capital Ltd 0.10% of their portfolio LONDON, X0 270,378270.4k $11.9m $11.9m 0.10% Added +54.6k +54,604
3 China Universal Asset Management Co., Ltd. 0.44% of their portfolio SHANGHAI, F4 166,300166.3k $7.3m $7.3m 0.44% Reduced -39.0k -39,000
4 Jump Financial, LLC 0.03% of their portfolio Chicago, IL 84,70184.7k $3.7m $3.7m 0.03% Reduced -47.6k -47,556
5 PMV Capital Advisers, LLC 2.06% of their portfolio DALLAS, TX 31,30631.3k $1.4m $1.4m 2.06% Reduced -13.3k -13,336
6 THOR TRADING ADVISORS, LLC 0.39% of their portfolio GREENSBURG, PA 28,39628.4k $1.2m $1.2m 0.39% New
7 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 27,08727.1k $1.2m $1.2m 0.01% Reduced -9.6k -9,579
8 Global Assets Advisory, LLC 0.20% of their portfolio ORLANDO, FL 20,22420.2k $910.8k $910.8k 0.20% New
9 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 19,29719.3k $846.6k $846.6k 0.00% Added +19.1k +19,141
10 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 17,39617.4k $763.2k $763.2k 0.00% New
11 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 16,91016.9k $742.0k $742.0k 0.03% Added +5.5k +5,452
12 CARY STREET PARTNERS FINANCIAL LLC 0.02% of their portfolio RICHMOND, VA 16,00016.0k $701.9k $701.9k 0.02% Unchanged
13 EverSource Wealth Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 15,36315.4k $674.0k $674.0k 0.02% Unchanged
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 14,18614.2k $622.3k $622.3k 0.00% Added +1.5k +1,545
15 Advisory Alpha, LLC 0.01% of their portfolio HOLLAND, MI 13,22013.2k $580.0k $580.0k 0.01% Reduced -4.5k -4,548
16 Hamilton Wealth, LLC 0.10% of their portfolio LOS ANGELES, CA 12,50412.5k $548.5k $548.5k 0.10% Unchanged
17 TWO SIGMA SECURITIES, LLC 0.05% of their portfolio NEW YORK, NY 12,01912.0k $527.3k $527.3k 0.05% New
18 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 10,00110.0k $438.8k $438.8k 0.00% Reduced -1 -1
19 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 9,99610.0k $438.5k $438.5k 0.01% Reduced -2.1k -2,104
20 StoneX Group Inc. 0.01% of their portfolio NEW YORK, NY 6,6746.7k $292.8k $292.8k 0.01% New
21 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 6,0746.1k $266.5k $266.5k 0.01% Reduced -5.9k -5,924
22 Allen Capital Group, LLC 0.02% of their portfolio GRAND ISLAND, NE 5,6135.6k $246.2k $246.2k 0.02% Reduced -500 -500
23 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 5,5945.6k $245.4k $245.4k 0.00% New
24 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 5,0005.0k $219.3k $219.3k 0.00% Added +1.3k +1,325
25 Cassaday & Co Wealth Management LLC 0.00% of their portfolio MCLEAN, VA 4,9004.9k $215.0k $215.0k 0.00% Unchanged
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,4063.4k $149.4k $149.4k 0.00% Reduced -23.2k -23,194
27 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 3,0003.0k $131.6k $131.6k 0.00% Unchanged
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,1772.2k $95.5k $95.5k 0.00% Added +388 +388
29 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 1,3381.3k $58.7k $58.7k 0.00% Added +265 +265
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 993993 $43.6k $43.6k 0.00% Unchanged
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 688688 $30.2k $30.2k 0.00% Unchanged
32 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 497497 $21.8k $21.8k 0.00% New
33 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 393393 $17.2k $17.2k 0.00% Added +11 +11
34 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 251251 $11.0k $11.0k 0.00% Added +238 +238
35 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 120120 $5.3k $5.3k 0.00% Unchanged
36 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 100100 $4.4k $4.4k 0.00% Unchanged
37 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 7070 $3.1k $3.1k 0.00% Added +30 +30
38 Kings Path Partners LLC 0.00% of their portfolio SUGAR LAND, TX 2222 $965 $965 0.00% Added +4 +4
39 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 2020 $877 $877 0.00% Unchanged
40 COUNTRY TRUST BANK 0.00% of their portfolio Bloomington, IL 44 $175 $175 0.00% Unchanged