Vault-13

PROSHARES TR TQQQ

ULTRAPRO QQQ · ETP · CUSIP 74347X831

335 institutional holders +14 vs Q3 2025
24,767,21324.8m shares reported held*
$1.3bnreported value*
43 new 86 added 133 reduced 43 sold out net sold ≈ $220.5m (-5.0m shares)

Q3 2025 share counts are adjusted for a 2-for-1 stock split, so holders aren't shown as buying or selling because of it.

* 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 ($4.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $52.46. Options: 10 managers hold calls ($1.8bn notional), 22 hold puts ($2.5bn).

Trends to Q4 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: 321Q4 25: 335335Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025335

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 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 25Q3 25: 150 bought or addedQ3 25: 162 cut or sold outQ4 25: 129 bought or addedQ4 25: 176 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024124113
Q2 2024111118
Q3 2024120112
Q4 2024134109
Q1 2025162111
Q2 2025186125
Q3 2025150162
Q4 2025129176

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bnQ1 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 1.09Q4 25 calls: $1.8bnQ4 25 puts: $2.5bnQ4 25P/C 1.40
Numbers
QuarterCallsPutsP/C
Q1 2025$721.1m$1.1bn1.58
Q2 2025$2.3bn$1.7bn0.77
Q3 2025$2.3bn$2.6bn1.09
Q4 2025$1.8bn$2.5bn1.40

Biggest buyers

CITIGROUP INC Added +399,984+400.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +307,265+307.3k
GROUP ONE TRADING LLC New +278,626+278.6k
Jump Financial, LLC New +223,512+223.5k
Corient Private Wealth LP Added +178,578+178.6k
Optiver Holding B.V. Added +152,111+152.1k
Q3 Asset Management Added +131,025+131.0k
PPSC Investment Service Corp Added +93,261+93.3k
OSAIC HOLDINGS, INC. Added +83,878+83.9k
BXM Wealth LLC Added +83,875+83.9k

Biggest sellers

JANE STREET GROUP, LLC Sold out -2,411,316-2.4m
CANTOR FITZGERALD, L. P. Sold out -1,558,034-1.6m
Virtue Capital Management, LLC Reduced -1,175,320-1.2m
Howard Capital Management, LLC Reduced -754,242-754.2k
VESTIA PERSONAL WEALTH ADVISORS Reduced -154,444-154.4k
McElhenny Sheffield Capital Management, LLC Reduced -152,073-152.1k
Finward Bancorp Reduced -131,480-131.5k
Headlands Technologies LLC Sold out -119,444-119.4k
OLD MISSION CAPITAL LLC Sold out -82,002-82.0k
MARSHALL WACE, LLP Sold out -73,400-73.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $886.5m16.8m shares
CITADEL ADVISORS LLC Reduced $514.8m9.8m shares
JANE STREET GROUP, LLC Added $402.3m7.6m shares
Squarepoint Ops LLC Reduced $8.3m157.0k shares
MILLENNIUM MANAGEMENT LLC Added $912.1k17.3k shares
KESTRA PRIVATE WEALTH SERVICES, LLC New $263.6k5.0k shares
Walleye Trading LLC New $163.4k3.1k shares
OLD MISSION CAPITAL LLC Reduced $22.6k226.1k shares
Core Wealth Partners LLC Added $6.2k400 shares
HOLLENCREST CAPITAL MANAGEMENT New $5.3k100 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $755.8m14.3m shares
JANE STREET GROUP, LLC Reduced $721.2m13.7m shares
CITADEL ADVISORS LLC Reduced $659.1m12.5m shares
IMC-Chicago, LLC Added $321.7m6.1m shares
GROUP ONE TRADING LLC Added $50.8m963.2k shares
TORNO CAPITAL, LLC Reduced $11.0m207.8k shares
Hiddenite Capital Partners LP Reduced $10.5m200.0k shares
Verition Fund Management LLC New $5.0m94.8k shares
HRT FINANCIAL LP New $5.0m94.1k shares
Tidal Investments LLC New $1.7m32.0k 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.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 5.78% of their portfolio Alpharetta, GA 8,465,2628.5m $446.3m $446.3m 5.78% Reduced -754.2k -754,242
2 Oriental Harbor Investment Master Fund 9.62% of their portfolio HONG KONG, K3 2,401,6402.4m $126.6m $126.6m 9.62% Unchanged
3 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 1,603,1901.6m $84.5m $84.5m 0.06% Added +400.0k +399,984
4 PPSC Investment Service Corp 4.91% of their portfolio TOKYO, M0 1,248,7851.2m $65.8m $65.8m 4.91% Added +93.3k +93,261
5 McElhenny Sheffield Capital Management, LLC 15.57% of their portfolio DALLAS, TX 1,213,4891.2m $64.0m $64.0m 15.57% Reduced -152.1k -152,073
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 414,183414.2k $21.8m $21.8m 0.03% Added +307.3k +307,265
7 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 394,408394.4k $20.8m $20.8m 0.01% Added +178.6k +178,578
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 293,403293.4k $15.5m $15.5m 0.00% Reduced -26.5k -26,543
9 GROUP ONE TRADING LLC 0.43% of their portfolio CHICAGO, IL 278,626278.6k $14.7m $14.7m 0.43% New
10 INDEPENDENT FINANCIAL GROUP, LLC 0.31% of their portfolio SAN DIEGO, CA 265,732265.7k $14.0m $14.0m 0.31% Added +31.0k +31,020
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 255,186255.2k $13.5m $13.5m 0.00% Reduced -33.0k -32,988
12 SBI Securities Co., Ltd. 0.34% of their portfolio TOKYO, M0 250,542250.5k $13.2m $13.2m 0.34% Reduced -3.0k -3,006
13 Q3 Asset Management 2.83% of their portfolio BIRMINGHAM, MI 234,413234.4k $12.4m $12.4m 2.83% Added +131.0k +131,025
14 Jump Financial, LLC 0.15% of their portfolio Chicago, IL 223,512223.5k $11.8m $11.8m 0.15% New
15 Optiver Holding B.V. 0.18% of their portfolio AMSTERDAM, P7 185,101185.1k $9.8m $9.8m 0.18% Added +152.1k +152,111
16 Avidian Wealth Enterprises, LLC 0.34% of their portfolio Houston, TX 177,000177.0k $9.3m $9.3m 0.34% Unchanged
17 FLOW TRADERS U.S. LLC 0.30% of their portfolio NEW YORK, NY 175,202175.2k $9.2m $9.2m 0.30% Reduced -25.6k -25,598
18 Mariner, LLC 0.01% of their portfolio Overland Park, KS 169,481169.5k $8.9m $8.9m 0.01% Added +6.5k +6,541
19 Orion Porfolio Solutions, LLC 0.06% of their portfolio OMAHA, NE 168,069168.1k $8.9m $8.9m 0.06% Reduced -747 -747
20 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 160,144160.1k $8.5m $8.5m 0.01% Added +29.7k +29,662
21 VESTIA PERSONAL WEALTH ADVISORS 0.08% of their portfolio FORT WAYNE, IN 154,444154.4k $154.4k $154.4k 0.08% Reduced -154.4k -154,444
22 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 154,259154.3k $8.1m $8.1m 0.01% Added +24.5k +24,467
23 Modern Wealth Management, LLC 0.15% of their portfolio KANSAS CITY, MO 151,034151.0k $8.0m $8.0m 0.15% Added +2 +2
24 Gotham Asset Management, LLC 0.03% of their portfolio NEW YORK, NY 148,680148.7k $7.8m $7.8m 0.03% Unchanged
25 Paragon Advisors, LLC 2.10% of their portfolio COLLEGE STATION, TX 146,543146.5k $7.7m $7.7m 2.10% Added +3.3k +3,323
26 Rollins Financial Advisors, LLC 1.08% of their portfolio ATLANTA, GA 139,962140.0k $7.4m $7.4m 1.08% Reduced -10.7k -10,748
27 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 135,309135.3k $7.4m $7.4m 0.01% Added +717 +717
28 BXM Wealth LLC 2.82% of their portfolio Englewood, CO 117,213117.2k $3.7m $3.7m 2.82% Added +83.9k +83,875
29 Main Street Group, LTD 2.06% of their portfolio GLEN ALLEN, VA 113,470113.5k $6.0m $6.0m 2.06% Reduced -11.1k -11,134
30 DIVERSIFIED TRUST CO 0.11% of their portfolio MEMPHIS, TN 110,000110.0k $5.8m $5.8m 0.11% Unchanged
31 TOTH FINANCIAL ADVISORY CORP 0.60% of their portfolio LEESBURG, VA 105,351105.4k $5.6m $5.6m 0.60% Reduced -3.6k -3,617
32 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 103,150103.2k $5.4m $5.4m 0.01% Added +83.9k +83,878
33 Edgestream Partners, L.P. 0.12% of their portfolio Princeton, NJ 82,91682.9k $4.4m $4.4m 0.12% Reduced -11.8k -11,804
34 Timothy G. Youngquist 2020 Irrevocable Trust 3.69% of their portfolio FORT MYERS, FL 81,81681.8k $4.3m $4.3m 3.69% First filing
35 Advyzon Investment Management, LLC 0.50% of their portfolio LISLE, IL 81,09881.1k $4.3m $4.3m 0.50% Reduced -10.3k -10,258
36 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 78,98079.0k $4.2m $4.2m 0.00% Added +48.0k +47,976
37 Cassaday & Co Wealth Management LLC 0.09% of their portfolio MCLEAN, VA 78,86278.9k $4.2m $4.2m 0.09% Reduced -13.0k -13,000
38 HUB Investment Partners, LLC 0.11% of their portfolio AUSTIN, TX 78,02078.0k $4.1m $4.1m 0.11% Added +53.0k +52,976
39 Ausdal Financial Partners, Inc. 0.19% of their portfolio Davenport, IA 76,57276.6k $4.0m $4.0m 0.19% Reduced -26.8k -26,824
40 Capital Investment Advisors, LLC 0.06% of their portfolio ATLANTA, GA 75,50075.5k $4.0m $4.0m 0.06% Reduced -1.3k -1,328
41 IMC-Chicago, LLC 0.07% of their portfolio CHICAGO, IL 74,12074.1k $3.9m $3.9m 0.07% New
42 Demars Financial Group, LLC 1.30% of their portfolio SPOKANE VALLEY, WA 73,57073.6k $3.9m $3.9m 1.30% Added +6.2k +6,182
43 Finward Bancorp 2.94% of their portfolio Munster, IN 71,74471.7k $3.8m $3.8m 2.94% Reduced -131.5k -131,480
44 SteelPeak Wealth, LLC 0.12% of their portfolio WOODLAND HILLS, CA 71,57571.6k $3.8m $3.8m 0.12% Added +10.9k +10,869
45 MFG WEALTH MANAGEMENT, INC. 2.77% of their portfolio Indianapolis, IN 67,45367.5k $3.6m $3.6m 2.77% Reduced -569 -569
46 Encompass More Asset Management 0.63% of their portfolio Danville, CA 65,00965.0k $3.4m $3.4m 0.63% Reduced -8.2k -8,179
47 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 63,99764.0k $3.4m $3.4m 0.01% Reduced -24.7k -24,705
48 Rathbones Group PLC 0.01% of their portfolio Liverpool, X0 63,93263.9k $3.4m $3.4m 0.01% Added +31.5k +31,546
49 October Effect Ltd 3.57% of their portfolio VIRGINIA BEACH, VA 61,49361.5k $3.2m $3.2m 3.57% New
50 NorthRock Partners, LLC 0.05% of their portfolio MINNEAPOLIS, MN 60,72560.7k $3.2m $3.2m 0.05% Reduced -20.3k -20,259
51 DRW Securities, LLC 0.24% of their portfolio CHICAGO, IL 59,80859.8k $3.2m $3.2m 0.24% Added +49.3k +49,310
52 Empowered Funds, LLC 0.05% of their portfolio NEWTOWN SQUARE, PA 58,50158.5k $3.1m $3.1m 0.05% Reduced -13.0k -13,021
53 Larson Financial Group LLC 0.10% of their portfolio ST LOUIS, MO 56,50556.5k $3.0m $3.0m 0.10% Reduced -1.2k -1,199
54 World Investment Advisors 0.05% of their portfolio LINCROFT, NJ 54,85754.9k $2.9m $2.9m 0.05% Reduced -6.8k -6,795
55 Retirement Planning Co of New England, Inc. 1.13% of their portfolio Warwick, RI 53,62353.6k $2.8m $2.8m 1.13% Added +1.8k +1,839
56 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 52,66052.7k $2.8m $2.8m 0.00% Added +8.4k +8,408
57 Discipline Wealth Solutions, LLC 0.51% of their portfolio GREENVILLE, SC 52,06252.1k $2.7m $2.7m 0.51% Added +12.2k +12,164
58 CreativeOne Wealth, LLC 0.06% of their portfolio OVERLAND PARK, KS 49,81849.8k $2.6m $2.6m 0.06% Added +1.8k +1,808
59 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 48,22748.2k $2.5m $2.5m 0.00% Reduced -36.0k -36,047
60 DeDora Capital, Inc. 0.57% of their portfolio Napa, CA 45,87145.9k $2.4m $2.4m 0.57% Reduced -6.8k -6,751
61 Blue Sky Capital Consultants Group, Inc. 1.05% of their portfolio Poway, CA 45,75645.8k $2.4m $2.4m 1.05% Reduced -342 -342
62 Ridgepath Capital Management LLC 2.17% of their portfolio Knoxville, TN 45,59945.6k $4.7m $4.7m 2.17% Reduced -45.6k -45,599
63 PINNACLE ASSOCIATES LTD 0.03% of their portfolio NEW YORK, NY 43,83343.8k $2.3m $2.3m 0.03% Added +69 +69
64 Dedeker Financial LLC 2.03% of their portfolio ST. LOUIS PARK, MN 43,12243.1k $2.3m $2.3m 2.03% First filing
65 Sherman Wealth Management LLC 1.95% of their portfolio GAITHERSBURG, MD 42,66842.7k $2.2m $2.2m 1.95% First filing
66 Wealth Watch Advisors, INC 0.82% of their portfolio ENGLEWOOD, CO 41,98142.0k $2.2m $2.2m 0.82% Added +1.7k +1,687
67 Sowell Financial Services LLC 0.08% of their portfolio NORTH LITTLE ROCK, AR 40,59440.6k $2.1m $2.1m 0.08% Reduced -300 -300
68 TWO SIGMA SECURITIES, LLC 0.29% of their portfolio NEW YORK, NY 40,34640.3k $2.1m $2.1m 0.29% Reduced -23.8k -23,784
69 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 40,20040.2k $2.1m $2.1m 0.00% Added +38.2k +38,200
70 ATX Financial Planning, LLC 1.59% of their portfolio AUSTIN, TX 39,04939.0k $2.1m $2.1m 1.59% First filing
71 Prosperity Wealth Management, Inc. 0.66% of their portfolio San Ramon, CA 37,85937.9k $2.0m $2.0m 0.66% Reduced -2.3k -2,307
72 Canal Capital Management, LLC 0.27% of their portfolio Richmond, VA 36,04236.0k $1.9m $1.9m 0.27% Added +42 +42
73 Tower Research Capital LLC (TRC) 0.04% of their portfolio NEW YORK, NY 35,08035.1k $1.8m $1.8m 0.04% Reduced -63.5k -63,498
74 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 34,00034.0k $1.8m $1.8m 0.00% New
75 Clarity Wealth Advisors, LLC 0.36% of their portfolio SAN JOSE, CA 33,84033.8k $1.8m $1.8m 0.36% Added +2.0k +2,000
76 Mill Creek Capital Advisors, LLC 0.03% of their portfolio Conshohocken, PA 31,68031.7k $1.7m $1.7m 0.03% Added +3.6k +3,582
77 Greenhouse Wealth Management, LLC 0.97% of their portfolio WESTPORT, CT 31,22631.2k $1.6m $1.6m 0.97% Added +48 +48
78 FWG Holdings, LLC 0.41% of their portfolio WINTER PARK, FL 31,02431.0k $2.0m $2.0m 0.41% Added +20.9k +20,850
79 SPROTT INC. 0.06% of their portfolio TORONTO, A6 30,80030.8k $1.6m $1.6m 0.06% Unchanged
80 FORTRESS PRIVATE LEDGER, LLC 0.52% of their portfolio RALEIGH, NC 30,22130.2k $1.6m $1.6m 0.52% Reduced -2.3k -2,293
81 PMV Capital Advisers, LLC 2.89% of their portfolio DALLAS, TX 30,13830.1k $1.6m $1.6m 2.89% Reduced -1.4k -1,450
82 Sage Capital Management, LLC 0.71% of their portfolio Stockton, NJ 29,04329.0k $1.5m $1.5m 0.71% Reduced -16.8k -16,775
83 Spire Wealth Management 0.05% of their portfolio MCLEAN, VA 28,65728.7k $1.5m $1.5m 0.05% Added +27.4k +27,399
84 XTX Topco Ltd 0.04% of their portfolio LONDON, X0 28,08028.1k $1.5m $1.5m 0.04% Reduced -2.4k -2,372
85 CPR Investments Inc. 0.99% of their portfolio Rochester, MI 28,03628.0k $1.5m $1.5m 0.99% Reduced -11.3k -11,318
86 Uniting Wealth Partners, LLC 0.45% of their portfolio DENVER, CO 28,00028.0k $1.5m $1.5m 0.45% Unchanged
87 StoneX Group Inc. 0.06% of their portfolio NEW YORK, NY 27,58727.6k $1.5m $1.5m 0.06% New
88 WORLD EQUITY GROUP, INC. 0.40% of their portfolio SCHAUMBURG, IL 27,30227.3k $1.4m $1.4m 0.40% Reduced -49.3k -49,280
89 KINGSWOOD WEALTH ADVISORS, LLC 0.07% of their portfolio SAN DIEGO, CA 26,15426.2k $1.4m $1.4m 0.07% Reduced -9.4k -9,352
90 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 26,14626.1k $1.4m $1.4m 0.00% Added +15.5k +15,462
91 Fulton Bank, N.A. 0.05% of their portfolio Lancaster, PA 26,08026.1k $1.4m $1.4m 0.05% Unchanged
92 Parallel Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 24,73324.7k $1.3m $1.3m 0.02% Added +25 +25
93 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 24,40624.4k $1.3m $1.3m 0.00% Reduced -14.4k -14,396
94 CITIZENS FINANCIAL GROUP INC/RI 0.02% of their portfolio PROVIDENCE, RI 24,12224.1k $1.3m $1.3m 0.02% Added +8.2k +8,174
95 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 24,08324.1k $1.3m $1.3m 0.00% Added +67 +67
96 FOCUSED ALPHA, LLC 0.37% of their portfolio DENVER, CO 23,69223.7k $1.2m $1.2m 0.37% First filing
97 Private Capital Management, LLC 0.12% of their portfolio NAPLES, FL 23,00023.0k $1.2m $1.2m 0.12% Unchanged
98 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 22,67522.7k $1.2m $1.2m 0.01% Added +4.4k +4,419
99 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 21,85321.9k $2.2m $2.2m 0.01% Reduced -20.4k -20,395
100 Intrua Financial, LLC 0.12% of their portfolio Houston, TX 21,55921.6k $1.1m $1.1m 0.12% Added +7.0k +7,001