Vault-13

PROSHARES TR TQQQ

ULTRAPRO QQQ · ETP · CUSIP 74347X831

309 institutional holders +36 vs Q1 2025
16,935,78516.9m shares reported held*
$1.4bnreported value*
81 new 105 added 79 reduced 46 sold out net bought ≈ $359.3m (+4.3m 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 ($488.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $82.84. Options: 11 managers hold calls ($2.3bn notional), 17 hold puts ($1.7bn).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 151Q4 22: 183Q1 23: 190Q2 23: 194Q3 23: 176Q4 23: 228Q1 24: 241Q2 24: 255Q3 24: 239Q4 24: 278Q1 25: 273Q2 25: 309309Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022151
Q4 2022183
Q1 2023190
Q2 2023194
Q3 2023176
Q4 2023228
Q1 2024241
Q2 2024255
Q3 2024239
Q4 2024278
Q1 2025273
Q2 2025309

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 85 bought or addedQ3 23: 94 cut or sold outQ4 23: 112 bought or addedQ4 23: 87 cut or sold outQ4 23Q1 24: 124 bought or addedQ1 24: 113 cut or sold outQ2 24: 111 bought or addedQ2 24: 118 cut or sold outQ2 24Q3 24: 120 bought or addedQ3 24: 112 cut or sold outQ4 24: 134 bought or addedQ4 24: 109 cut or sold outQ4 24Q1 25: 162 bought or addedQ1 25: 111 cut or sold outQ2 25: 186 bought or addedQ2 25: 125 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20238594
Q4 202311287
Q1 2024124113
Q2 2024111118
Q3 2024120112
Q4 2024134109
Q1 2025162111
Q2 2025186125

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bnQ3 24 calls: $1.3bnQ3 24 puts: $1.3bnQ3 24P/C 0.97Q4 24 calls: $1.4bnQ4 24 puts: $1.8bnQ4 24P/C 1.25Q1 25 calls: $721.1mQ1 25 puts: $1.1bnQ1 25P/C 1.58Q2 25 calls: $2.3bnQ2 25 puts: $1.7bnQ2 25P/C 0.77
Numbers
QuarterCallsPutsP/C
Q3 2024$1.3bn$1.3bn0.97
Q4 2024$1.4bn$1.8bn1.25
Q1 2025$721.1m$1.1bn1.58
Q2 2025$2.3bn$1.7bn0.77

Biggest buyers

Howard Capital Management, LLC Added +4,440,578+4.4m
IMC-Chicago, LLC Added +1,155,681+1.2m
McElhenny Sheffield Capital Management, LLC New +651,420+651.4k
Quadrature Capital Ltd New +428,532+428.5k
GTS SECURITIES LLC New +249,013+249.0k
Tower Research Capital LLC (TRC) Added +158,074+158.1k
Tidal Investments LLC Added +140,100+140.1k
Sollinda Capital Management LLC Added +120,141+120.1k
UBS Group AG Added +117,473+117.5k
FLOW TRADERS U.S. LLC Added +98,613+98.6k

Biggest sellers

Jump Financial, LLC Reduced -567,903-567.9k
TB Alternative Assets Ltd. Sold out -462,387-462.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -445,379-445.4k
GOLDMAN SACHS GROUP INC Reduced -410,035-410.0k
WT Asset Management Ltd Sold out -370,000-370.0k
Avidian Wealth Enterprises, LLC Reduced -265,950-265.9k
POTOMAC FUND MANAGEMENT INC /ADV Sold out -260,997-261.0k
Oriental Harbor Investment Master Fund Reduced -255,316-255.3k
Blue Owl Capital Holdings LP Sold out -175,000-175.0k
MORGAN STANLEY Reduced -160,596-160.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.2bn13.9m shares
CITADEL ADVISORS LLC Added $622.6m7.5m shares
WOLVERINE TRADING, LLC Added $240.4m3.0m shares
JANE STREET GROUP, LLC Added $227.9m2.7m shares
Squarepoint Ops LLC Reduced $6.6m79.0k shares
HAP Trading, LLC Reduced $1.2m62.6k shares
MILLENNIUM MANAGEMENT LLC Reduced $705.5k8.5k shares
BANK OF AMERICA CORP /DE/ New $664.0k8.0k shares
Walleye Trading LLC New $473.1k5.7k shares
Lido Advisors, LLC New $33.2k400 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $563.0m6.8m shares
JANE STREET GROUP, LLC Added $558.9m6.7m shares
IMC-Chicago, LLC Reduced $208.8m2.5m shares
WOLVERINE TRADING, LLC Added $117.6m1.4m shares
CITADEL ADVISORS LLC Reduced $117.0m1.4m shares
TORNO CAPITAL, LLC Added $106.5m1.3m shares
Optiver Holding B.V. Added $28.4m342.2k shares
GROUP ONE TRADING LLC Added $15.7m188.6k shares
HRT FINANCIAL LP Reduced $3.3m40.1k shares
Walleye Trading LLC New $1.7m20.4k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 6.05% of their portfolio Alpharetta, GA 4,855,1964.9m $404.1m $404.1m 6.05% Added +4.4m +4,440,578
2 Oriental Harbor Investment Master Fund 9.28% of their portfolio HONG KONG, K3 1,260,0941.3m $104.6m $104.6m 9.28% Reduced -255.3k -255,316
3 IMC-Chicago, LLC 2.42% of their portfolio CHICAGO, IL 1,168,1121.2m $97.0m $97.0m 2.42% Added +1.2m +1,155,681
4 JANE STREET GROUP, LLC 0.09% of their portfolio NEW YORK, NY 688,078688.1k $57.1m $57.1m 0.09% Reduced -66.9k -66,862
5 McElhenny Sheffield Capital Management, LLC 14.42% of their portfolio DALLAS, TX 651,420651.4k $54.1m $54.1m 14.42% New
6 PPSC Investment Service Corp 4.65% of their portfolio TOKYO, M0 600,630600.6k $49.9m $49.9m 4.65% Added +81.3k +81,285
7 Quadrature Capital Ltd 0.61% of their portfolio LONDON, X0 428,532428.5k $35.6m $35.6m 0.61% New
8 Paragon Advisors, LLC 9.05% of their portfolio COLLEGE STATION, TX 417,732417.7k $34.7m $34.7m 9.05% Added +94.7k +94,721
9 Tidal Investments LLC 0.21% of their portfolio Milwaukee, WI 385,100385.1k $32.0m $32.0m 0.21% Added +140.1k +140,100
10 Jump Financial, LLC 0.37% of their portfolio Chicago, IL 365,044365.0k $30.3m $30.3m 0.37% Reduced -567.9k -567,903
11 FLOW TRADERS U.S. LLC 0.91% of their portfolio NEW YORK, NY 296,913296.9k $24.6m $24.6m 0.91% Added +98.6k +98,613
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 273,613273.6k $22.7m $22.7m 0.00% Added +117.5k +117,473
13 GTS SECURITIES LLC 0.92% of their portfolio NEW YORK, NY 249,013249.0k $20.7m $20.7m 0.92% New
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 211,911211.9k $17.6m $17.6m 0.03% Reduced -445.4k -445,379
15 Tower Research Capital LLC (TRC) 0.45% of their portfolio NEW YORK, NY 198,910198.9k $16.5m $16.5m 0.45% Added +158.1k +158,074
16 Sollinda Capital Management LLC 4.19% of their portfolio HICKORY, NC 193,905193.9k $16.1m $16.1m 4.19% Added +120.1k +120,141
17 Finward Bancorp 9.92% of their portfolio Munster, IN 151,262151.3k $12.6m $12.6m 9.92% Reduced -800 -800
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 141,301141.3k $11.7m $11.7m 0.00% Added +68.0k +68,018
19 SBI Securities Co., Ltd. 0.32% of their portfolio TOKYO, M0 132,858132.9k $11.0m $11.0m 0.32% Reduced -23.4k -23,402
20 Ridgepath Capital Management LLC 4.83% of their portfolio Knoxville, TN 126,675126.7k $10.5m $10.5m 4.83% Added +22.1k +22,069
21 INDEPENDENT FINANCIAL GROUP, LLC 0.26% of their portfolio SAN DIEGO, CA 113,592113.6k $9.4m $9.4m 0.26% Added +12.9k +12,867
22 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 112,600112.6k $9.3m $9.3m 0.01% Added +68.6k +68,600
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 110,409110.4k $9.2m $9.2m 0.00% Reduced -410.0k -410,035
24 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 106,993107.0k $8.9m $8.9m 0.01% Added +42.1k +42,058
25 Avidian Wealth Enterprises, LLC 0.34% of their portfolio Houston, TX 100,500100.5k $8.3m $8.3m 0.34% Reduced -265.9k -265,950
26 OLD NATIONAL BANCORP /IN/ 0.14% of their portfolio EVANSVILLE, IN 91,76191.8k $7.6m $7.6m 0.14% Reduced -210 -210
27 Mariner, LLC 0.01% of their portfolio Overland Park, KS 87,04587.0k $7.2m $7.2m 0.01% Added +17.7k +17,706
28 Rollins Financial Advisors, LLC 1.14% of their portfolio ATLANTA, GA 86,39886.4k $7.2m $7.2m 1.14% Reduced -9.6k -9,569
29 CANTOR FITZGERALD, L. P. 0.17% of their portfolio NEW YORK, NY 84,35684.4k $7.0m $7.0m 0.17% Reduced -108.4k -108,384
30 AXXCESS WEALTH MANAGEMENT, LLC 0.17% of their portfolio CARLSBAD, CA 83,41583.4k $6.9m $6.9m 0.17% Added +57.0k +57,040
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 82,53582.5k $6.9m $6.9m 0.00% Reduced -160.6k -160,596
32 Modern Wealth Management, LLC 0.15% of their portfolio KANSAS CITY, MO 75,69975.7k $6.3m $6.3m 0.15% New
33 Gotham Asset Management, LLC 0.04% of their portfolio NEW YORK, NY 74,34074.3k $6.2m $6.2m 0.04% Reduced -15.0k -15,000
34 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 70,99071.0k $5.9m $5.9m 0.01% Added +8.0k +8,032
35 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 69,34069.3k $5.8m $5.8m 0.00% Reduced -21.8k -21,802
36 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 66,87866.9k $5.7m $5.7m 0.01% Reduced -813 -813
37 Foundations Investment Advisors, LLC 0.09% of their portfolio PHOENIX, AZ 66,19866.2k $5.5m $5.5m 0.09% Added +51.7k +51,736
38 TOTH FINANCIAL ADVISORY CORP 0.64% of their portfolio LEESBURG, VA 66,02166.0k $5.5m $5.5m 0.64% Added +11.7k +11,682
39 GROUP ONE TRADING LLC 0.18% of their portfolio CHICAGO, IL 65,39965.4k $5.4m $5.4m 0.18% New
40 TWO SIGMA SECURITIES, LLC 0.66% of their portfolio NEW YORK, NY 64,85964.9k $5.4m $5.4m 0.66% Reduced -4.3k -4,303
41 SLT Holdings LLC 3.87% of their portfolio SCOTTSDALE, AZ 62,50062.5k $5.2m $5.2m 3.87% New
42 Main Street Group, LTD 1.62% of their portfolio GLEN ALLEN, VA 59,86859.9k $5.0m $5.0m 1.62% Added +10.4k +10,381
43 Alpha Wealth Funds, LLC 3.97% of their portfolio PARK CITY, UT 51,17151.2k $4.2m $4.2m 3.97% Added +29.2k +29,200
44 VESTIA PERSONAL WEALTH ADVISORS 0.03% of their portfolio FORT WAYNE, IN 50,00050.0k $50.0k $50.0k 0.03% Unchanged
45 Prosperity Wealth Management, Inc. 1.53% of their portfolio San Ramon, CA 49,74049.7k $4.1m $4.1m 1.53% Reduced -12.9k -12,861
46 Cassaday & Co Wealth Management LLC 0.10% of their portfolio MCLEAN, VA 45,93145.9k $3.8m $3.8m 0.10% Added +11.6k +11,582
47 Empowered Funds, LLC 0.04% of their portfolio NEWTOWN SQUARE, PA 44,83844.8k $3.7m $3.7m 0.04% Added +36.1k +36,136
48 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 44,16644.2k $3.7m $3.7m 0.02% Added +13.6k +13,603
49 WORLD EQUITY GROUP, INC. 0.93% of their portfolio SCHAUMBURG, IL 41,10041.1k $3.4m $3.4m 0.93% Reduced -2.5k -2,500
50 Capital Investment Advisors, LLC 0.06% of their portfolio ATLANTA, GA 41,09741.1k $3.4m $3.4m 0.06% Reduced -203 -203
51 Demars Financial Group, LLC 1.30% of their portfolio SPOKANE VALLEY, WA 40,74740.7k $3.4m $3.4m 1.30% New
52 BXM Wealth LLC 4.01% of their portfolio Englewood, CO 40,69240.7k $3.4m $3.4m 4.01% Added +1.4k +1,390
53 MFG WEALTH MANAGEMENT, INC. 2.75% of their portfolio Indianapolis, IN 39,34639.3k $3.3m $3.3m 2.75% New
54 OLD MISSION CAPITAL LLC 0.08% of their portfolio CHICAGO, IL 37,04437.0k $3.1m $3.1m 0.08% New
55 Optiver Holding B.V. 0.08% of their portfolio AMSTERDAM, P7 36,46736.5k $3.0m $3.0m 0.08% Reduced -93.4k -93,354
56 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 36,06836.1k $3.0m $3.0m 0.00% Added +2.3k +2,297
57 World Investment Advisors 0.07% of their portfolio LINCROFT, NJ 36,05936.1k $3.0m $3.0m 0.07% Added +12.1k +12,100
58 Larson Financial Group LLC 0.12% of their portfolio ST LOUIS, MO 35,45935.5k $2.9m $2.9m 0.12% Added +28.7k +28,743
59 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 34,00434.0k $2.8m $2.8m 0.02% Reduced -135.1k -135,145
60 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 30,86530.9k $2.6m $2.6m 0.00% Added +3.2k +3,158
61 SteelPeak Wealth, LLC 0.10% of their portfolio WOODLAND HILLS, CA 30,36830.4k $2.5m $2.5m 0.10% New
62 Ashton Thomas Private Wealth, LLC 0.08% of their portfolio SCOTTSDALE, AZ 28,81628.8k $2.4m $2.4m 0.08% Added +22.9k +22,936
63 Retirement Planning Co of New England, Inc. 1.01% of their portfolio Warwick, RI 27,45627.5k $2.3m $2.3m 1.01% Reduced -2.0k -1,955
64 PINNACLE ASSOCIATES LTD 0.03% of their portfolio NEW YORK, NY 27,18027.2k $2.3m $2.3m 0.03% Added +77 +77
65 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 26,84626.8k $2.2m $2.2m 0.01% Added +26.8k +26,838
66 DeDora Capital, Inc. 0.58% of their portfolio Napa, CA 26,77226.8k $2.2m $2.2m 0.58% Reduced -990 -990
67 Blue Sky Capital Consultants Group, Inc. 1.03% of their portfolio Poway, CA 24,23524.2k $2.0m $2.0m 1.03% Reduced -591 -591
68 CreativeOne Wealth, LLC 0.05% of their portfolio OVERLAND PARK, KS 23,50023.5k $2.0m $2.0m 0.05% Added +288 +288
69 Wealth Watch Advisors, INC 1.13% of their portfolio ENGLEWOOD, CO 23,48523.5k $1.9m $1.9m 1.13% Reduced -631 -631
70 Sage Capital Management, LLC 0.90% of their portfolio Stockton, NJ 22,60322.6k $1.9m $1.9m 0.90% Added +66 +66
71 Avestar Capital, LLC 0.13% of their portfolio New York, NY 21,71021.7k $1.8m $1.8m 0.13% New
72 Marshall Financial Group, LLC 0.35% of their portfolio Hunt Valley, MD 21,31321.3k $1.8m $1.8m 0.35% Added +13.8k +13,840
73 October Effect Ltd 2.06% of their portfolio VIRGINIA BEACH, VA 20,56920.6k $1.7m $1.7m 2.06% First filing
74 Sowell Financial Services LLC 0.07% of their portfolio NORTH LITTLE ROCK, AR 19,81719.8k $1.6m $1.6m 0.07% Reduced -350 -350
75 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 19,57019.6k $1.6m $1.6m 0.00% Added +2.0k +2,002
76 Advyzon Investment Management, LLC 0.34% of their portfolio LISLE, IL 18,59718.6k $1.5m $1.5m 0.34% New
77 KINGSWOOD WEALTH ADVISORS, LLC 0.12% of their portfolio SAN DIEGO, CA 18,50918.5k $1.5m $1.5m 0.12% Added +4.0k +4,017
78 Clarity Wealth Advisors, LLC 0.37% of their portfolio SAN JOSE, CA 18,22018.2k $1.5m $1.5m 0.37% Added +4.8k +4,800
79 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 18,05918.1k $1.5m $1.5m 0.00% Reduced -693 -693
80 INTEGRITY ALLIANCE, LLC. 0.08% of their portfolio Urbandale, IA 18,00618.0k $1.5m $1.5m 0.08% New
81 Canal Capital Management, LLC 0.23% of their portfolio Richmond, VA 17,95017.9k $1.5m $1.5m 0.23% Unchanged
82 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 17,84217.8k $1.5m $1.5m 0.00% Reduced -4.5k -4,539
83 Financial Advocates Investment Management 0.12% of their portfolio OLYMPIA, WA 17,67317.7k $1.5m $1.5m 0.12% Added +7.9k +7,915
84 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 17,56817.6k $1.5m $1.5m 0.00% Added +6.6k +6,614
85 NorthRock Partners, LLC 0.04% of their portfolio MINNEAPOLIS, MN 16,50016.5k $1.4m $1.4m 0.04% Added +7.5k +7,541
86 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 16,44116.4k $1.4m $1.4m 0.00% Reduced -106.4k -106,433
87 TrueMark Investments, LLC 0.29% of their portfolio CHICAGO, IL 16,37316.4k $1.4m $1.4m 0.29% New
88 Rathbones Group PLC 0.01% of their portfolio Liverpool, X0 16,19316.2k $1.3m $1.3m 0.01% Unchanged
89 SURIENCE PRIVATE WEALTH LLC 1.25% of their portfolio YAKIMA, WA 15,98916.0k $1.3m $1.3m 1.25% New
90 Koshinski Asset Management, Inc. 0.10% of their portfolio DECATUR, IL 15,62715.6k $1.3m $1.3m 0.10% Reduced -3.7k -3,690
91 Greenhouse Wealth Management, LLC 0.81% of their portfolio WESTPORT, CT 15,53315.5k $1.3m $1.3m 0.81% New
92 SPROTT INC. 0.06% of their portfolio TORONTO, A6 15,40015.4k $1.3m $1.3m 0.06% Unchanged
93 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 15,30615.3k $1.3m $1.3m 0.00% Reduced -5.6k -5,585
94 PMV Capital Advisers, LLC 2.81% of their portfolio DALLAS, TX 15,18215.2k $1.3m $1.3m 2.81% Added +4.4k +4,365
95 Mill Creek Capital Advisors, LLC 0.03% of their portfolio Conshohocken, PA 14,04914.0k $1.2m $1.2m 0.03% Added +1.2k +1,180
96 Uniting Wealth Partners, LLC 0.45% of their portfolio DENVER, CO 14,00014.0k $1.2m $1.2m 0.45% Added +10.0k +10,000
97 Parallel Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 13,61513.6k $1.1m $1.1m 0.02% Added +8.0k +7,961
98 Fulton Bank, N.A. 0.04% of their portfolio Lancaster, PA 13,60013.6k $1.1m $1.1m 0.04% Reduced -589 -589
99 Discipline Wealth Solutions, LLC 0.42% of their portfolio GREENVILLE, SC 13,31613.3k $1.1m $1.1m 0.42% Reduced -3.9k -3,907
100 Encompass More Asset Management 0.25% of their portfolio Danville, CA 13,11113.1k $1.1m $1.1m 0.25% New