Vault-13

PROSHARES TR TQQQ

ULTRAPRO QQQ · ETP · CUSIP 74347X831

325 institutional holders -10 vs Q4 2025
19,014,95419.0m shares reported held*
$786.4mreported value*
53 new 106 added 105 reduced 60 sold out net sold ≈ $242.3m (-5.8m 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 ($2.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.36. Options: 9 managers hold calls ($1.3bn notional), 15 hold puts ($1.8bn).

Trends to Q1 2026

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: 335Q1 26: 325325Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026325

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q4 25: 129 bought or addedQ4 25: 176 cut or sold outQ1 26: 159 bought or addedQ1 26: 165 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024111118
Q3 2024120112
Q4 2024134109
Q1 2025162111
Q2 2025186125
Q3 2025150162
Q4 2025129176
Q1 2026159165

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bnQ2 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 1.40Q1 26 calls: $1.3bnQ1 26 puts: $1.8bnQ1 26P/C 1.36
Numbers
QuarterCallsPutsP/C
Q2 2025$2.3bn$1.7bn0.77
Q3 2025$2.3bn$2.6bn1.09
Q4 2025$1.8bn$2.5bn1.40
Q1 2026$1.3bn$1.8bn1.36

Biggest buyers

GTS SECURITIES LLC Added +903,111+903.1k
UBS Group AG Added +894,512+894.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +420,909+420.9k
Paragon Advisors, LLC Added +327,088+327.1k
Jump Financial, LLC Added +298,907+298.9k
OLD MISSION CAPITAL LLC New +284,044+284.0k
Div Capital Phoenix Assets Ltd New +267,501+267.5k
HRT FINANCIAL LP New +227,130+227.1k
IMC-Chicago, LLC Added +215,397+215.4k
CITIGROUP INC Added +206,385+206.4k

Biggest sellers

Howard Capital Management, LLC Reduced -8,139,776-8.1m
McElhenny Sheffield Capital Management, LLC Sold out -1,213,489-1.2m
Oriental Harbor Investment Master Fund Reduced -439,976-440.0k
Corient Private Wealth LP Reduced -207,577-207.6k
Modern Wealth Management, LLC Sold out -151,034-151.0k
Optiver Holding B.V. Reduced -132,817-132.8k
Q3 Asset Management Reduced -98,565-98.6k
Focus Partners Wealth Reduced -98,133-98.1k
Orion Porfolio Solutions, LLC Reduced -89,444-89.4k
OSAIC HOLDINGS, INC. Reduced -83,880-83.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $577.9m13.9m shares
JANE STREET GROUP, LLC Added $436.5m10.5m shares
CITADEL ADVISORS LLC Reduced $275.3m6.6m shares
Walleye Trading LLC Added $308.4k7.4k shares
OLD MISSION CAPITAL LLC Added $300.4k453.7k shares
Lido Advisors, LLC New $175.1k4.2k shares
Core Wealth Partners LLC Added $26.7k2.8k shares
Belvedere Trading LLC New $20.8k500 shares
Innova Wealth Partners New $8.3k200 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $840.1m20.2m shares
CITADEL ADVISORS LLC Reduced $387.9m9.3m shares
JANE STREET GROUP, LLC Reduced $299.7m7.2m shares
IMC-Chicago, LLC Reduced $169.1m4.1m shares
TORNO CAPITAL, LLC Added $32.6m781.8k shares
GROUP ONE TRADING LLC Reduced $21.7m519.6k shares
Verition Fund Management LLC Added $4.7m111.8k shares
HRT FINANCIAL LP Reduced $2.7m65.8k shares
Beacon Pointe Advisors, LLC Unchanged $475.2k11.4k shares
Lido Advisors, LLC Added $366.8k8.8k 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 Oriental Harbor Investment Master Fund 7.22% of their portfolio HONG KONG, K3 1,961,6642.0m $81.8m $81.8m 7.22% Reduced -440.0k -439,976
2 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 1,809,5751.8m $75.4m $75.4m 0.05% Added +206.4k +206,385
3 PPSC Investment Service Corp 4.21% of their portfolio TOKYO, M0 1,279,7741.3m $53.3m $53.3m 4.21% Added +31.0k +30,989
4 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,187,9151.2m $49.5m $49.5m 0.01% Added +894.5k +894,512
5 GTS SECURITIES LLC 1.34% of their portfolio NEW YORK, NY 908,472908.5k $37.9m $37.9m 1.34% Added +903.1k +903,111
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio BALA CYNWYD, PA 835,092835.1k $34.8m $34.8m 0.05% Added +420.9k +420,909
7 Jump Financial, LLC 0.32% of their portfolio Chicago, IL 522,419522.4k $21.8m $21.8m 0.32% Added +298.9k +298,907
8 Paragon Advisors, LLC 5.32% of their portfolio COLLEGE STATION, TX 473,631473.6k $19.7m $19.7m 5.32% Added +327.1k +327,088
9 Howard Capital Management, LLC 0.22% of their portfolio Alpharetta, GA 325,486325.5k $13.6m $13.6m 0.22% Reduced -8.1m -8,139,776
10 FLOW TRADERS U.S. LLC 0.43% of their portfolio NEW YORK, NY 322,996323.0k $13.5m $13.5m 0.43% Added +147.8k +147,794
11 INDEPENDENT FINANCIAL GROUP, LLC 0.28% of their portfolio SAN DIEGO, CA 298,228298.2k $12.4m $12.4m 0.28% Added +32.5k +32,496
12 GROUP ONE TRADING LLC 0.41% of their portfolio CHICAGO, IL 295,031295.0k $12.3m $12.3m 0.41% Added +16.4k +16,405
13 IMC-Chicago, LLC 0.18% of their portfolio CHICAGO, IL 289,517289.5k $12.1m $12.1m 0.18% Added +215.4k +215,397
14 OLD MISSION CAPITAL LLC 0.28% of their portfolio CHICAGO, IL 284,044284.0k $11.8m $11.8m 0.28% New
15 Div Capital Phoenix Assets Ltd 2.57% of their portfolio GEORGETOWN, E9 267,501267.5k $11.1m $11.1m 2.57% New
16 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 263,544263.5k $11.0m $11.0m 0.00% Added +8.4k +8,358
17 SBI Securities Co., Ltd. 0.30% of their portfolio TOKYO, M0 263,009263.0k $11.0m $11.0m 0.30% Added +12.5k +12,467
18 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 227,130227.1k $9.5m $9.5m 0.03% New
19 Avidian Wealth Enterprises, LLC 0.29% of their portfolio Houston, TX 217,000217.0k $9.0m $9.0m 0.29% Added +40.0k +40,000
20 Mariner, LLC 0.01% of their portfolio Overland Park, KS 189,806189.8k $7.9m $7.9m 0.01% Added +20.3k +20,325
21 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 186,831186.8k $7.8m $7.8m 0.01% Reduced -207.6k -207,577
22 Ridgepath Capital Management LLC 3.64% of their portfolio Knoxville, TN 175,735175.7k $7.3m $7.3m 3.64% Added +130.1k +130,136
23 VESTIA PERSONAL WEALTH ADVISORS 0.07% of their portfolio FORT WAYNE, IN 154,444154.4k $154.4k $154.4k 0.07% Unchanged
24 RD Finance Ltd 7.18% of their portfolio LIMASSOL, G4 151,750151.8k $6.3m $6.3m 7.18% New
25 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 151,022151.0k $6.3m $6.3m 0.00% Reduced -3.2k -3,237
26 Baker Avenue Asset Management, LP 0.14% of their portfolio SAN FRANCISCO, CA 144,144144.1k $6.0m $6.0m 0.14% New
27 Q3 Asset Management 1.37% of their portfolio BIRMINGHAM, MI 135,848135.8k $5.7m $5.7m 1.37% Reduced -98.6k -98,565
28 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 132,593132.6k $5.7m $5.7m 0.01% Reduced -2.7k -2,716
29 Gotham Asset Management, LLC 0.02% of their portfolio NEW YORK, NY 131,363131.4k $5.5m $5.5m 0.02% Reduced -17.3k -17,317
30 Rollins Financial Advisors, LLC 0.81% of their portfolio ATLANTA, GA 123,638123.6k $5.2m $5.2m 0.81% Reduced -16.3k -16,324
31 NorthRock Partners, LLC 0.08% of their portfolio MINNEAPOLIS, MN 122,144122.1k $5.1m $5.1m 0.08% Added +61.4k +61,419
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 121,531121.5k $4.6m $4.6m 0.00% Added +100.1k +100,123
33 Tower Research Capital LLC (TRC) 0.12% of their portfolio NEW YORK, NY 115,397115.4k $4.8m $4.8m 0.12% Added +80.3k +80,317
34 Main Street Group, LTD 1.36% of their portfolio GLEN ALLEN, VA 111,036111.0k $4.6m $4.6m 1.36% Reduced -2.4k -2,434
35 DIVERSIFIED TRUST CO 0.09% of their portfolio MEMPHIS, TN 110,000110.0k $4.6m $4.6m 0.09% Unchanged
36 Variant Private Wealth, LLC 4.99% of their portfolio TYSONS, VA 98,85198.9k $4.1m $4.1m 4.99% New
37 TWO SIGMA SECURITIES, LLC 0.45% of their portfolio NEW YORK, NY 92,83192.8k $3.9m $3.9m 0.45% Added +52.5k +52,485
38 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 91,95992.0k $3.8m $3.8m 0.02% Added +70.1k +70,106
39 BRIGHTON JONES LLC 0.08% of their portfolio SEATTLE, WA 86,11486.1k $3.6m $3.6m 0.08% New
40 Discipline Wealth Solutions, LLC 0.35% of their portfolio GREENVILLE, SC 79,64179.6k $3.3m $3.3m 0.35% Added +27.6k +27,579
41 Cassaday & Co Wealth Management LLC 0.07% of their portfolio MCLEAN, VA 78,86278.9k $3.3m $3.3m 0.07% Unchanged
42 Orion Porfolio Solutions, LLC 0.03% of their portfolio OMAHA, NE 78,62578.6k $3.3m $3.3m 0.03% Reduced -89.4k -89,444
43 TOTH FINANCIAL ADVISORY CORP 0.35% of their portfolio LEESBURG, VA 76,57276.6k $3.2m $3.2m 0.35% Reduced -28.8k -28,779
44 Demars Financial Group, LLC 1.04% of their portfolio SPOKANE VALLEY, WA 76,11076.1k $3.2m $3.2m 1.04% Added +2.5k +2,540
45 Finward Bancorp 2.39% of their portfolio Munster, IN 71,74471.7k $3.0m $3.0m 2.39% Unchanged
46 SteelPeak Wealth, LLC 0.09% of their portfolio WOODLAND HILLS, CA 71,57571.6k $3.0m $3.0m 0.09% Unchanged
47 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 71,09971.1k $3.0m $3.0m 0.00% Reduced -7.9k -7,881
48 BXM Wealth LLC 2.22% of their portfolio Englewood, CO 69,33869.3k $2.9m $2.9m 2.22% Reduced -47.9k -47,875
49 Capital Investment Advisors, LLC 0.04% of their portfolio ATLANTA, GA 67,94667.9k $2.8m $2.8m 0.04% Reduced -7.6k -7,554
50 HARBOUR INVESTMENTS, INC. 0.04% of their portfolio MADISON, WI 66,89966.9k $2.8m $2.8m 0.04% Added +66.5k +66,521
51 Sollinda Capital Management LLC 0.66% of their portfolio HICKORY, NC 65,40265.4k $2.7m $2.7m 0.66% New
52 Rathbones Group PLC 0.01% of their portfolio Liverpool, X0 63,93263.9k $2.7m $2.7m 0.01% Unchanged
53 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 62,01162.0k $2.6m $2.6m 0.00% Reduced -98.1k -98,133
54 Mill Creek Capital Advisors, LLC 0.05% of their portfolio Conshohocken, PA 61,66361.7k $2.6m $2.6m 0.05% Added +30.0k +29,983
55 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 60,24960.2k $2.5m $2.5m 0.01% Reduced -3.7k -3,748
56 Headlands Technologies LLC 0.28% of their portfolio CHICAGO, IL 59,21359.2k $2.5m $2.5m 0.28% New
57 Dedeker Financial LLC 2.08% of their portfolio ST. LOUIS PARK, MN 57,32157.3k $2.4m $2.4m 2.08% Added +14.2k +14,199
58 October Effect Ltd 2.62% of their portfolio VIRGINIA BEACH, VA 54,52354.5k $2.3m $2.3m 2.62% Reduced -7.0k -6,970
59 Larson Financial Group LLC 0.07% of their portfolio ST LOUIS, MO 52,86452.9k $2.2m $2.2m 0.07% Reduced -3.6k -3,641
60 World Investment Advisors 0.04% of their portfolio LINCROFT, NJ 52,63052.6k $2.2m $2.2m 0.04% Reduced -2.2k -2,227
61 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 52,36752.4k $2.2m $2.2m 0.00% New
62 Optiver Holding B.V. 0.08% of their portfolio AMSTERDAM, P7 52,28452.3k $2.2m $2.2m 0.08% Reduced -132.8k -132,817
63 CreativeOne Wealth, LLC 0.05% of their portfolio OVERLAND PARK, KS 51,19551.2k $2.1m $2.1m 0.05% Added +1.4k +1,377
64 TORNO CAPITAL, LLC 0.44% of their portfolio COHASSET, MA 50,00050.0k $2.1m $2.1m 0.44% Not comparable
65 Retirement Planning Co of New England, Inc. 0.81% of their portfolio Warwick, RI 47,92147.9k $2.0m $2.0m 0.81% Reduced -5.7k -5,702
66 Blue Sky Capital Consultants Group, Inc. 0.91% of their portfolio Poway, CA 45,58445.6k $1.9m $1.9m 0.91% Reduced -172 -172
67 DeDora Capital, Inc. 0.46% of their portfolio Napa, CA 45,06445.1k $1.9m $1.9m 0.46% Reduced -807 -807
68 PINNACLE ASSOCIATES LTD 0.02% of their portfolio NEW YORK, NY 44,21144.2k $1.8m $1.8m 0.02% Added +378 +378
69 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 42,36742.4k $1.8m $1.8m 0.01% Added +26.4k +26,397
70 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 41,53041.5k $1.7m $1.7m 0.00% Added +37.0k +37,047
71 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 40,91040.9k $1.7m $1.7m 0.00% New
72 ATX Financial Planning, LLC 1.24% of their portfolio AUSTIN, TX 39,05039.0k $1.6m $1.6m 1.24% Added +1 +1
73 FORTRESS PRIVATE LEDGER, LLC 0.49% of their portfolio RALEIGH, NC 37,48037.5k $1.6m $1.6m 0.49% Added +7.3k +7,259
74 Sowell Financial Services LLC 0.06% of their portfolio NORTH LITTLE ROCK, AR 35,81935.8k $1.5m $1.5m 0.06% Reduced -4.8k -4,775
75 Clarity Wealth Advisors, LLC 0.31% of their portfolio SAN JOSE, CA 35,74035.7k $1.5m $1.5m 0.31% Added +1.9k +1,900
76 Ausdal Financial Partners, Inc. 0.07% of their portfolio Davenport, IA 35,63335.6k $1.5m $1.5m 0.07% Reduced -40.9k -40,939
77 Belvedere Trading LLC 0.20% of their portfolio CHICAGO, IL 35,56035.6k $1.5m $1.5m 0.20% New
78 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 35,14035.1k $1.5m $1.5m 0.00% Reduced -17.5k -17,520
79 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 34,06834.1k $1.4m $1.4m 0.00% Reduced -14.2k -14,159
80 Edgestream Partners, L.P. 0.05% of their portfolio Princeton, NJ 33,98534.0k $1.4m $1.4m 0.05% Reduced -48.9k -48,931
81 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 33,98034.0k $1.4m $1.4m 0.02% Added +5.9k +5,900
82 Advyzon Investment Management, LLC 0.13% of their portfolio LISLE, IL 33,77733.8k $1.4m $1.4m 0.13% Reduced -47.3k -47,321
83 Canal Capital Management, LLC 0.19% of their portfolio Richmond, VA 33,31833.3k $1.4m $1.4m 0.19% Reduced -2.7k -2,724
84 Sherman Wealth Management LLC 1.14% of their portfolio GAITHERSBURG, MD 31,70831.7k $1.3m $1.3m 1.14% Reduced -11.0k -10,960
85 Greenhouse Wealth Management, LLC 0.80% of their portfolio WESTPORT, CT 31,22631.2k $1.3m $1.3m 0.80% Unchanged
86 SPROTT INC. 0.04% of their portfolio TORONTO, A6 30,80030.8k $1.3m $1.3m 0.04% Unchanged
87 Sage Capital Management, LLC 0.57% of their portfolio Stockton, NJ 29,08029.1k $1.2m $1.2m 0.57% Added +37 +37
88 PMV Capital Advisers, LLC 1.97% of their portfolio DALLAS, TX 28,03628.0k $1.2m $1.2m 1.97% Reduced -2.1k -2,102
89 Uniting Wealth Partners, LLC 0.25% of their portfolio DENVER, CO 28,00028.0k $1.2m $1.2m 0.25% Unchanged
90 Wealth Watch Advisors, INC 0.46% of their portfolio ENGLEWOOD, CO 26,14726.1k $1.1m $1.1m 0.46% Reduced -15.8k -15,834
91 Fulton Bank, N.A. 0.04% of their portfolio Lancaster, PA 26,08026.1k $1.1m $1.1m 0.04% Unchanged
92 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 26,00026.0k $1.1m $1.1m 0.00% Reduced -8.0k -8,000
93 FOCUSED ALPHA, LLC 0.33% of their portfolio DENVER, CO 25,93525.9k $1.1m $1.1m 0.33% Added +2.2k +2,243
94 Intrua Financial, LLC 0.11% of their portfolio Houston, TX 25,53225.5k $1.1m $1.1m 0.11% Added +4.0k +3,973
95 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 25,33425.3k $1.1m $1.1m 0.01% Added +11.9k +11,950
96 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 25,22625.2k $1.1m $1.1m 0.00% Added +820 +820
97 HUB Investment Partners, LLC 0.02% of their portfolio AUSTIN, TX 24,42624.4k $1.0m $1.0m 0.02% Reduced -53.6k -53,594
98 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 24,23924.2k $1.0m $1.0m 0.00% Added +156 +156
99 CITIZENS FINANCIAL GROUP INC/RI 0.01% of their portfolio PROVIDENCE, RI 24,13724.1k $1.0m $1.0m 0.01% Added +15 +15
100 Fortune Financial Group, Inc. 0.89% of their portfolio NAPLES, FL 23,72823.7k $989.0k $989.0k 0.89% Added +11.9k +11,864