Vault-13

PROSHARES TR UDOW

ULTRPRO DOW30 · ETP · CUSIP 74347X823

58 institutional holders -4 vs Q4 2025
832,072832.1k shares reported held*
$41.8mreported value*
14 new 19 added 12 reduced 17 sold out net sold ≈ $42.9m (-854.3k 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 ≈ $50.27. Options: 3 managers hold calls ($42.3m notional), 3 hold puts ($23.8m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 30Q4 22: 39Q1 23: 35Q2 23: 47Q3 23: 43Q4 23: 47Q1 24: 46Q2 24: 49Q3 24: 57Q4 24: 63Q1 25: 53Q2 25: 58Q3 25: 64Q4 25: 62Q1 26: 5858Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202230
Q4 202239
Q1 202335
Q2 202347
Q3 202343
Q4 202347
Q1 202446
Q2 202449
Q3 202457
Q4 202463
Q1 202553
Q2 202558
Q3 202564
Q4 202562
Q1 202658

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 25 bought or addedQ2 24: 16 cut or sold outQ3 24: 23 bought or addedQ3 24: 27 cut or sold outQ3 24Q4 24: 26 bought or addedQ4 24: 25 cut or sold outQ1 25: 19 bought or addedQ1 25: 32 cut or sold outQ1 25Q2 25: 30 bought or addedQ2 25: 20 cut or sold outQ3 25: 26 bought or addedQ3 25: 25 cut or sold outQ3 25Q4 25: 28 bought or addedQ4 25: 30 cut or sold outQ1 26: 33 bought or addedQ1 26: 29 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242516
Q3 20242327
Q4 20242625
Q1 20251932
Q2 20253020
Q3 20252625
Q4 20252830
Q1 20263329

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ2 25 calls: $36.6mQ2 25 puts: $18.1mQ2 25P/C 0.49Q3 25 calls: $35.4mQ3 25 puts: $19.4mQ3 25P/C 0.55Q4 25 calls: $48.4mQ4 25 puts: $19.4mQ4 25P/C 0.40Q1 26 calls: $42.3mQ1 26 puts: $23.8mQ1 26P/C 0.56
Numbers
QuarterCallsPutsP/C
Q2 2025$36.6m$18.1m0.49
Q3 2025$35.4m$19.4m0.55
Q4 2025$48.4m$19.4m0.40
Q1 2026$42.3m$23.8m0.56

Biggest buyers

Spectrum Financial Alliance Ltd LLC Added +53,304+53.3k
FLOW TRADERS U.S. LLC New +43,322+43.3k
Optiver Holding B.V. Added +31,935+31.9k
XTX Topco Ltd Added +29,847+29.8k
GTS SECURITIES LLC New +19,854+19.9k
Ascentis Independent Advisors Added +17,707+17.7k
Headlands Technologies LLC New +17,383+17.4k
Tower Research Capital LLC (TRC) Added +11,734+11.7k
Koshinski Asset Management, Inc. Added +8,490+8.5k
FSM Wealth Advisors, LLC New +8,003+8.0k

Biggest sellers

JANE STREET GROUP, LLC Sold out -488,193-488.2k
CITADEL ADVISORS LLC Reduced -252,280-252.3k
Jump Financial, LLC Sold out -47,510-47.5k
Encompass More Asset Management Sold out -45,130-45.1k
Squarepoint Ops LLC Reduced -38,346-38.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -32,763-32.8k
FNY Investment Advisers, LLC Sold out -26,700-26.7k
Qube Research & Technologies Ltd Sold out -25,139-25.1k
UBS Group AG Sold out -24,491-24.5k
Corient Private Wealth LP Reduced -24,030-24.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $19.3m385.1k shares
JANE STREET GROUP, LLC Added $16.7m332.1k shares
CITADEL ADVISORS LLC Reduced $6.3m126.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $18.1m361.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.8m75.7k shares
JANE STREET GROUP, LLC Added $1.9m37.4k 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 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 93,46393.5k $4.7m $4.7m 0.00% Reduced -252.3k -252,280
2 Spectrum Financial Alliance Ltd LLC 0.86% of their portfolio NICHOLASVILLE, KY 88,73288.7k $4.5m $4.5m 0.86% Added +53.3k +53,304
3 Optiver Holding B.V. 0.12% of their portfolio AMSTERDAM, P7 64,56764.6k $3.2m $3.2m 0.12% Added +31.9k +31,935
4 Tower Research Capital LLC (TRC) 0.07% of their portfolio NEW YORK, NY 53,58153.6k $2.7m $2.7m 0.07% Added +11.7k +11,734
5 IMC-Chicago, LLC 0.04% of their portfolio CHICAGO, IL 51,05251.1k $2.6m $2.6m 0.04% Reduced -11.2k -11,197
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 46,30746.3k $2.3m $2.3m 0.00% Reduced -32.8k -32,763
7 FLOW TRADERS U.S. LLC 0.07% of their portfolio NEW YORK, NY 43,32243.3k $2.2m $2.2m 0.07% New
8 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 40,00040.0k $2.0m $2.0m 0.00% Unchanged
9 Ascentis Independent Advisors 0.14% of their portfolio DALLAS, TX 36,18336.2k $1.8m $1.8m 0.14% Added +17.7k +17,707
10 XTX Topco Ltd 0.03% of their portfolio LONDON, X0 35,47635.5k $1.8m $1.8m 0.03% Added +29.8k +29,847
11 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 29,01829.0k $1.5m $1.5m 0.00% Reduced -10.2k -10,196
12 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 24,03024.0k $1.2m $1.2m 0.00% Reduced -24.0k -24,030
13 GTS SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 19,85419.9k $996.8k $996.8k 0.04% New
14 Canal Capital Management, LLC 0.12% of their portfolio Richmond, VA 18,16618.2k $911.6k $911.6k 0.12% Added +41 +41
15 Headlands Technologies LLC 0.10% of their portfolio CHICAGO, IL 17,38317.4k $872.3k $872.3k 0.10% New
16 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 15,32015.3k $768.8k $768.8k 0.00% Unchanged
17 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 13,88513.9k $696.8k $696.8k 0.01% Added +329 +329
18 Millington Financial Advisors, LLC 0.32% of their portfolio NAPERVILLE, IL 12,84012.8k $763.6k $763.6k 0.32% Added +30 +30
19 Koshinski Asset Management, Inc. 0.04% of their portfolio DECATUR, IL 12,60912.6k $632.7k $632.7k 0.04% Added +8.5k +8,490
20 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 11,72911.7k $588.6k $588.6k 0.01% Reduced -4.3k -4,260
21 Innova Wealth Partners 0.25% of their portfolio NEWTOWN, PA 10,61810.6k $532.8k $532.8k 0.25% Added +72 +72
22 Provident Wealth Management, LLC 0.14% of their portfolio BRENTWOOD, TN 9,4499.4k $474.2k $474.2k 0.14% Unchanged
23 Cassaday & Co Wealth Management LLC 0.01% of their portfolio MCLEAN, VA 9,0029.0k $451.7k $451.7k 0.01% Unchanged
24 Significant Wealth Partners LLC 0.52% of their portfolio CARY, IL 8,4168.4k $422.3k $422.3k 0.52% Added +67 +67
25 CITIZENS FINANCIAL GROUP INC/RI 0.01% of their portfolio PROVIDENCE, RI 8,1398.1k $408.4k $408.4k 0.01% Added +12 +12
26 FSM Wealth Advisors, LLC 0.05% of their portfolio CLEVELAND, OH 8,0038.0k $401.6k $401.6k 0.05% New
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,0657.1k $330.1k $330.1k 0.00% Added +3.0k +3,007
28 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 5,4025.4k $271.1k $271.1k 0.00% Reduced -38.3k -38,346
29 SMITH CHAS P & ASSOCIATES PA CPAS 0.01% of their portfolio LAKELAND, FL 5,0005.0k $250.9k $250.9k 0.01% Unchanged
30 Independent Advisor Alliance 0.00% of their portfolio CHARLOTTE, NC 4,8204.8k $241.9k $241.9k 0.00% New
31 Strategic Investment Advisors / MI 0.02% of their portfolio FARMINGTON HILLS, MI 4,6004.6k $230.8k $230.8k 0.02% New
32 Daviman Financial, LLC 0.13% of their portfolio FISHERS, IN 4,4944.5k $225.5k $225.5k 0.13% Added +118 +118
33 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 3,2903.3k $165.1k $165.1k 0.01% Reduced -12.4k -12,426
34 TOTH FINANCIAL ADVISORY CORP 0.02% of their portfolio LEESBURG, VA 3,1503.1k $158.1k $158.1k 0.02% Reduced -575 -575
35 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 2,0002.0k $100.4k $100.4k 0.00% New
36 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 1,2971.3k $65.1k $65.1k 0.00% Added +1.1k +1,145
37 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1,2771.3k $64.1k $64.1k 0.00% Added +1 +1
38 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,2131.2k $60.9k $60.9k 0.00% Added +1.2k +1,211
39 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 1,1501.1k $57.7k $57.7k 0.00% Unchanged
40 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 1,0421.0k $52.3k $52.3k 0.00% New
41 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 858858 $43.1k $43.1k 0.00% Unchanged
42 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 751751 $37.7k $37.7k 0.00% Added +2 +2
43 LM Advisors LLC 0.07% of their portfolio SAN DIEGO, CA 668668 $13.3k $13.3k 0.07% Reduced -33 -33
44 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 470470 $23.6k $23.6k 0.00% Unchanged
45 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 395395 $19.8k $19.8k 0.00% Reduced -4.2k -4,233
46 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 360360 $18.3k $18.3k 0.00% New
47 Ashton Thomas Private Wealth, LLC 0.00% of their portfolio SCOTTSDALE, AZ 314314 $15.8k $15.8k 0.00% Reduced -4.0k -3,982
48 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 302302 $15.1k $15.1k 0.00% Added +1 +1
49 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 200200 $10.0k $10.0k 0.00% Unchanged
50 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 200200 $10.0k $10.0k 0.00% Unchanged
51 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 175175 $8.8k $8.8k 0.00% New
52 Hamrick Investment Counsel, llc 0.00% of their portfolio SEATTLE, WA 120120 $6.0k $6.0k 0.00% New
53 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 100100 $5.0k $5.0k 0.00% Unchanged
54 GUARDIAN WEALTH ADVISORS, LLC / NC 0.00% of their portfolio RALEIGH, NC 100100 $5.0k $5.0k 0.00% New
55 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 4848 $2.4k $2.4k 0.00% Unchanged
56 CWM, LLC 0.00% of their portfolio OMAHA, NE 3636 $1.8k $1.8k 0.00% Unchanged
57 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 2020 $1.0k $1.0k 0.00% New
58 Vermillion Wealth Management, Inc. 0.00% of their portfolio ROSEMOUNT, MN 1111 $552 $552 0.00% New