Vault-13

PROSHARES TR TQQQ

ULTRAPRO QQQ · ETP · CUSIP 74347X831

321 institutional holders +12 vs Q2 2025
14,755,00614.8m shares reported held*
$1.5bnreported value*
60 new 90 added 117 reduced 45 sold out net sold ≈ $268.1m (-2.2m 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 ($871.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $100.13. Options: 8 managers hold calls ($2.3bn notional), 18 hold puts ($2.6bn).

Trends to Q3 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: 309Q3 25: 321321Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025321

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 112 bought or addedQ4 23: 87 cut or sold outQ1 24: 124 bought or addedQ1 24: 113 cut or sold outQ1 24Q2 24: 111 bought or addedQ2 24: 118 cut or sold outQ3 24: 120 bought or addedQ3 24: 112 cut or sold outQ3 24Q4 24: 134 bought or addedQ4 24: 109 cut or sold outQ1 25: 162 bought or addedQ1 25: 111 cut or sold outQ1 25Q2 25: 186 bought or addedQ2 25: 125 cut or sold outQ3 25: 150 bought or addedQ3 25: 162 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202311287
Q1 2024124113
Q2 2024111118
Q3 2024120112
Q4 2024134109
Q1 2025162111
Q2 2025186125
Q3 2025150162

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bnQ4 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 0.77Q3 25 calls: $2.3bnQ3 25 puts: $2.6bnQ3 25P/C 1.09
Numbers
QuarterCallsPutsP/C
Q4 2024$1.4bn$1.8bn1.25
Q1 2025$721.1m$1.1bn1.58
Q2 2025$2.3bn$1.7bn0.77
Q3 2025$2.3bn$2.6bn1.09

Biggest buyers

CANTOR FITZGERALD, L. P. Added +694,661+694.7k
CITIGROUP INC New +601,603+601.6k
Virtue Capital Management, LLC New +593,133+593.1k
JANE STREET GROUP, LLC Added +517,580+517.6k
VESTIA PERSONAL WEALTH ADVISORS Added +104,444+104.4k
Headlands Technologies LLC New +59,722+59.7k
DIVERSIFIED TRUST CO New +55,000+55.0k
Q3 Asset Management New +51,694+51.7k
Orion Porfolio Solutions, LLC Added +50,404+50.4k
Focus Partners Wealth Added +47,673+47.7k

Biggest sellers

IMC-Chicago, LLC Sold out -1,168,112-1.2m
Quadrature Capital Ltd Reduced -389,729-389.7k
Tidal Investments LLC Sold out -385,100-385.1k
Jump Financial, LLC Sold out -365,044-365.0k
Paragon Advisors, LLC Reduced -346,122-346.1k
GTS SECURITIES LLC Sold out -249,013-249.0k
Howard Capital Management, LLC Reduced -245,444-245.4k
FLOW TRADERS U.S. LLC Reduced -196,513-196.5k
Sollinda Capital Management LLC Sold out -193,905-193.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -158,452-158.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.2bn11.9m shares
CITADEL ADVISORS LLC Added $855.2m8.3m shares
JANE STREET GROUP, LLC Reduced $246.3m2.4m shares
Squarepoint Ops LLC Unchanged $8.2m79.0k shares
HAP Trading, LLC First filing $1.9m64.9k shares
MILLENNIUM MANAGEMENT LLC Unchanged $878.9k8.5k shares
OLD MISSION CAPITAL LLC New $224.5k137.7k shares
Core Wealth Partners LLC Reduced $4.1k100 shares

Biggest puts

JANE STREET GROUP, LLC Added $904.9m8.8m shares
CITADEL ADVISORS LLC Added $891.1m8.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $400.6m3.9m shares
IMC-Chicago, LLC Added $270.0m2.6m shares
TORNO CAPITAL, LLC Reduced $38.2m369.0k shares
GROUP ONE TRADING LLC Added $23.1m223.1k shares
Hiddenite Capital Partners LP New $20.7m200.0k shares
Squarepoint Ops LLC Unchanged $630.7k6.1k shares
Beacon Pointe Advisors, LLC New $589.4k5.7k shares
Lido Advisors, LLC Reduced $579.0k5.6k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 6.30% of their portfolio Alpharetta, GA 4,609,7524.6m $476.6m $476.6m 6.30% Reduced -245.4k -245,444
2 JANE STREET GROUP, LLC 0.15% of their portfolio NEW YORK, NY 1,205,6581.2m $124.7m $124.7m 0.15% Added +517.6k +517,580
3 Oriental Harbor Investment Master Fund 9.61% of their portfolio HONG KONG, K3 1,200,8201.2m $124.2m $124.2m 9.61% Reduced -59.3k -59,274
4 CANTOR FITZGERALD, L. P. 1.58% of their portfolio NEW YORK, NY 779,017779.0k $80.6m $80.6m 1.58% Added +694.7k +694,661
5 McElhenny Sheffield Capital Management, LLC 16.73% of their portfolio DALLAS, TX 682,781682.8k $70.6m $70.6m 16.73% Added +31.4k +31,361
6 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 601,603601.6k $62.2m $62.2m 0.04% New
7 Virtue Capital Management, LLC 4.33% of their portfolio BRENTWOOD, TN 593,133593.1k $27.2m $27.2m 4.33% New
8 PPSC Investment Service Corp 4.74% of their portfolio TOKYO, M0 577,762577.8k $59.7m $59.7m 4.74% Reduced -22.9k -22,868
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 159,973160.0k $16.5m $16.5m 0.00% Reduced -113.6k -113,640
10 VESTIA PERSONAL WEALTH ADVISORS 0.09% of their portfolio FORT WAYNE, IN 154,444154.4k $154.4k $154.4k 0.09% Added +104.4k +104,444
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 144,087144.1k $14.9m $14.9m 0.00% Added +2.8k +2,786
12 SBI Securities Co., Ltd. 0.34% of their portfolio TOKYO, M0 126,774126.8k $13.1m $13.1m 0.34% Reduced -6.1k -6,084
13 INDEPENDENT FINANCIAL GROUP, LLC 0.29% of their portfolio SAN DIEGO, CA 117,356117.4k $12.1m $12.1m 0.29% Added +3.8k +3,764
14 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 107,915107.9k $11.2m $11.2m 0.02% Added +922 +922
15 Finward Bancorp 7.98% of their portfolio Munster, IN 101,612101.6k $10.5m $10.5m 7.98% Reduced -49.6k -49,650
16 FLOW TRADERS U.S. LLC 0.42% of their portfolio NEW YORK, NY 100,400100.4k $10.4m $10.4m 0.42% Reduced -196.5k -196,513
17 Avidian Wealth Enterprises, LLC 0.34% of their portfolio Houston, TX 88,50088.5k $9.2m $9.2m 0.34% Reduced -12.0k -12,000
18 Orion Porfolio Solutions, LLC 0.07% of their portfolio OMAHA, NE 84,40884.4k $8.7m $8.7m 0.07% Added +50.4k +50,404
19 Mariner, LLC 0.01% of their portfolio Overland Park, KS 81,47081.5k $8.4m $8.4m 0.01% Reduced -5.6k -5,575
20 Modern Wealth Management, LLC 0.15% of their portfolio KANSAS CITY, MO 75,51675.5k $7.8m $7.8m 0.15% Reduced -183 -183
21 Rollins Financial Advisors, LLC 1.18% of their portfolio ATLANTA, GA 75,35575.4k $7.8m $7.8m 1.18% Reduced -11.0k -11,043
22 Gotham Asset Management, LLC 0.03% of their portfolio NEW YORK, NY 74,34074.3k $7.7m $7.7m 0.03% Unchanged
23 Paragon Advisors, LLC 1.91% of their portfolio COLLEGE STATION, TX 71,61071.6k $7.4m $7.4m 1.91% Reduced -346.1k -346,122
24 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 67,29667.3k $7.1m $7.1m 0.01% Added +418 +418
25 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 65,24165.2k $6.7m $6.7m 0.01% Added +47.7k +47,673
26 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 64,89664.9k $6.7m $6.7m 0.01% Reduced -6.1k -6,094
27 Main Street Group, LTD 1.89% of their portfolio GLEN ALLEN, VA 62,30262.3k $6.4m $6.4m 1.89% Added +2.4k +2,434
28 Headlands Technologies LLC 0.49% of their portfolio CHICAGO, IL 59,72259.7k $6.2m $6.2m 0.49% New
29 DIVERSIFIED TRUST CO 0.11% of their portfolio MEMPHIS, TN 55,00055.0k $5.7m $5.7m 0.11% New
30 TOTH FINANCIAL ADVISORY CORP 0.61% of their portfolio LEESBURG, VA 54,48454.5k $5.6m $5.6m 0.61% Reduced -11.5k -11,537
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 53,45953.5k $5.5m $5.5m 0.01% Reduced -158.5k -158,452
32 Ausdal Financial Partners, Inc. 0.26% of their portfolio Davenport, IA 51,69851.7k $5.3m $5.3m 0.26% Added +45.8k +45,813
33 Q3 Asset Management 1.83% of their portfolio BIRMINGHAM, MI 51,69451.7k $5.3m $5.3m 1.83% New
34 Tower Research Capital LLC (TRC) 0.14% of their portfolio NEW YORK, NY 49,28949.3k $5.1m $5.1m 0.14% Reduced -149.6k -149,621
35 Edgestream Partners, L.P. 0.14% of their portfolio Princeton, NJ 47,36047.4k $4.9m $4.9m 0.14% New
36 Cassaday & Co Wealth Management LLC 0.11% of their portfolio MCLEAN, VA 45,93145.9k $4.7m $4.7m 0.11% Unchanged
37 Advyzon Investment Management, LLC 0.81% of their portfolio LISLE, IL 45,67845.7k $4.7m $4.7m 0.81% Added +27.1k +27,081
38 Ridgepath Capital Management LLC 2.01% of their portfolio Knoxville, TN 45,59945.6k $4.7m $4.7m 2.01% Reduced -81.1k -81,076
39 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 44,35144.4k $4.6m $4.6m 0.01% Added +27.9k +27,910
40 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 42,13742.1k $4.4m $4.4m 0.01% Added +6.1k +6,069
41 OLD MISSION CAPITAL LLC 0.15% of their portfolio CHICAGO, IL 41,00141.0k $4.2m $4.2m 0.15% Added +4.0k +3,957
42 NorthRock Partners, LLC 0.08% of their portfolio MINNEAPOLIS, MN 40,49240.5k $4.2m $4.2m 0.08% Added +24.0k +23,992
43 Quadrature Capital Ltd 0.05% of their portfolio LONDON, X0 38,80338.8k $4.0m $4.0m 0.05% Reduced -389.7k -389,729
44 Capital Investment Advisors, LLC 0.07% of their portfolio ATLANTA, GA 38,41438.4k $4.0m $4.0m 0.07% Reduced -2.7k -2,683
45 WORLD EQUITY GROUP, INC. 0.90% of their portfolio SCHAUMBURG, IL 38,29138.3k $4.0m $4.0m 0.90% Reduced -2.8k -2,809
46 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 36,70036.7k $3.8m $3.8m 0.00% New
47 Encompass More Asset Management 0.73% of their portfolio Danville, CA 36,59436.6k $3.8m $3.8m 0.73% Added +23.5k +23,483
48 Empowered Funds, LLC 0.04% of their portfolio NEWTOWN SQUARE, PA 35,76135.8k $3.7m $3.7m 0.04% Reduced -9.1k -9,077
49 MFG WEALTH MANAGEMENT, INC. 2.66% of their portfolio Indianapolis, IN 34,01134.0k $3.5m $3.5m 2.66% Reduced -5.3k -5,335
50 Demars Financial Group, LLC 1.21% of their portfolio SPOKANE VALLEY, WA 33,69433.7k $3.5m $3.5m 1.21% Reduced -7.1k -7,053
51 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 33,38233.4k $3.5m $3.5m 0.00% New
52 TWO SIGMA SECURITIES, LLC 0.49% of their portfolio NEW YORK, NY 32,06532.1k $3.3m $3.3m 0.49% Reduced -32.8k -32,794
53 World Investment Advisors 0.07% of their portfolio LINCROFT, NJ 30,82630.8k $3.2m $3.2m 0.07% Reduced -5.2k -5,233
54 SteelPeak Wealth, LLC 0.11% of their portfolio WOODLAND HILLS, CA 30,35330.4k $3.1m $3.1m 0.11% Reduced -15 -15
55 Larson Financial Group LLC 0.10% of their portfolio ST LOUIS, MO 28,85228.9k $3.0m $3.0m 0.10% Reduced -6.6k -6,607
56 DeDora Capital, Inc. 0.66% of their portfolio Napa, CA 26,31126.3k $2.7m $2.7m 0.66% Reduced -461 -461
57 Retirement Planning Co of New England, Inc. 1.08% of their portfolio Warwick, RI 25,89225.9k $2.7m $2.7m 1.08% Reduced -1.6k -1,564
58 CreativeOne Wealth, LLC 0.06% of their portfolio OVERLAND PARK, KS 24,00524.0k $2.5m $2.5m 0.06% Added +505 +505
59 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 23,31423.3k $2.4m $2.4m 0.00% Added +3.7k +3,744
60 Blue Sky Capital Consultants Group, Inc. 1.05% of their portfolio Poway, CA 23,04923.0k $2.4m $2.4m 1.05% Reduced -1.2k -1,186
61 Sage Capital Management, LLC 1.07% of their portfolio Stockton, NJ 22,90922.9k $2.4m $2.4m 1.07% Added +306 +306
62 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 22,12622.1k $2.3m $2.3m 0.00% Reduced -8.7k -8,739
63 PINNACLE ASSOCIATES LTD 0.03% of their portfolio NEW YORK, NY 21,88221.9k $2.3m $2.3m 0.03% Reduced -5.3k -5,298
64 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 21,12421.1k $2.2m $2.2m 0.01% Reduced -23.0k -23,042
65 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 20,62720.6k $2.1m $2.1m 0.00% New
66 Sowell Financial Services LLC 0.08% of their portfolio NORTH LITTLE ROCK, AR 20,44720.4k $2.1m $2.1m 0.08% Added +630 +630
67 Wealth Watch Advisors, INC 0.86% of their portfolio ENGLEWOOD, CO 20,14720.1k $2.1m $2.1m 0.86% Reduced -3.3k -3,338
68 Prosperity Wealth Management, Inc. 0.70% of their portfolio San Ramon, CA 20,08320.1k $2.1m $2.1m 0.70% Reduced -29.7k -29,657
69 Discipline Wealth Solutions, LLC 0.54% of their portfolio GREENVILLE, SC 19,94919.9k $2.1m $2.1m 0.54% Added +6.6k +6,633
70 CPR Investments Inc. 1.40% of their portfolio Rochester, MI 19,67719.7k $2.0m $2.0m 1.40% Added +8.6k +8,632
71 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 19,40119.4k $2.0m $2.0m 0.00% Added +1.6k +1,559
72 Canal Capital Management, LLC 0.28% of their portfolio Richmond, VA 18,00018.0k $1.9m $1.9m 0.28% Added +50 +50
73 KINGSWOOD WEALTH ADVISORS, LLC 0.11% of their portfolio SAN DIEGO, CA 17,75317.8k $1.8m $1.8m 0.11% Reduced -756 -756
74 BXM Wealth LLC 2.86% of their portfolio Englewood, CO 16,66916.7k $3.0m $3.0m 2.86% Reduced -24.0k -24,023
75 Optiver Holding B.V. 0.03% of their portfolio AMSTERDAM, P7 16,49516.5k $1.7m $1.7m 0.03% Reduced -20.0k -19,972
76 FORTRESS PRIVATE LEDGER, LLC 0.61% of their portfolio RALEIGH, NC 16,25716.3k $1.7m $1.7m 0.61% Added +4.9k +4,871
77 Rathbones Group PLC 0.01% of their portfolio Liverpool, X0 16,19316.2k $1.7m $1.7m 0.01% Unchanged
78 Clarity Wealth Advisors, LLC 0.36% of their portfolio SAN JOSE, CA 15,92015.9k $1.6m $1.6m 0.36% Reduced -2.3k -2,300
79 PMV Capital Advisers, LLC 3.17% of their portfolio DALLAS, TX 15,79415.8k $1.6m $1.6m 3.17% Added +612 +612
80 Greenhouse Wealth Management, LLC 0.97% of their portfolio WESTPORT, CT 15,58915.6k $1.6m $1.6m 0.97% Added +56 +56
81 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 15,50215.5k $1.6m $1.6m 0.00% Reduced -67.0k -67,033
82 SPROTT INC. 0.06% of their portfolio TORONTO, A6 15,40015.4k $1.6m $1.6m 0.06% Unchanged
83 XTX Topco Ltd 0.08% of their portfolio LONDON, X0 15,22615.2k $1.6m $1.6m 0.08% New
84 Mill Creek Capital Advisors, LLC 0.03% of their portfolio Conshohocken, PA 14,04914.0k $1.5m $1.5m 0.03% Unchanged
85 Uniting Wealth Partners, LLC 0.34% of their portfolio DENVER, CO 14,00014.0k $1.4m $1.4m 0.34% Unchanged
86 Maridea Wealth Management LLC 0.23% of their portfolio BROOKLYN, NY 13,99914.0k $1.5m $1.5m 0.23% Added +2.1k +2,056
87 Fulton Bank, N.A. 0.05% of their portfolio Lancaster, PA 13,04013.0k $1.3m $1.3m 0.05% Reduced -560 -560
88 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 12,63412.6k $1.3m $1.3m 0.00% Unchanged
89 HUB Investment Partners, LLC 0.05% of their portfolio AUSTIN, TX 12,52212.5k $1.3m $1.3m 0.05% Reduced -16 -16
90 TrueMark Investments, LLC 0.22% of their portfolio CHICAGO, IL 12,48112.5k $1.3m $1.3m 0.22% Reduced -3.9k -3,892
91 Parallel Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 12,35412.4k $1.3m $1.3m 0.02% Reduced -1.3k -1,261
92 NorthCoast Asset Management LLC 0.00% of their portfolio STAMFORD, CT 12,26012.3k $1.3m $1.3m 0.00% Added +486 +486
93 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 12,00812.0k $1.2m $1.2m 0.00% Reduced -98.4k -98,401
94 Private Capital Management, LLC 0.11% of their portfolio NAPLES, FL 11,50011.5k $1.2m $1.2m 0.11% Reduced -1.0k -1,000
95 Millington Financial Advisors, LLC 0.57% of their portfolio NAPERVILLE, IL 11,32711.3k $1.2m $1.2m 0.57% Added +157 +157
96 Significant Wealth Partners LLC 0.57% of their portfolio CARY, IL 11,31111.3k $1.2m $1.2m 0.57% Reduced -1.2k -1,192
97 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 11,29211.3k $1.2m $1.2m 0.00% New
98 LM Advisors LLC 0.16% of their portfolio SAN DIEGO, CA 11,03511.0k $1.1m $1.1m 0.16% New
99 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 10,94010.9k $1.1m $1.1m 0.00% Reduced -7.1k -7,119
100 Richmond Brothers, Inc. 0.69% of their portfolio JACKSON, MI 10,58810.6k $1.1m $1.1m 0.69% Added +253 +253