Vault-13

PROSHARES TR UPRO

ULTRPRO S&P500 · ETP · CUSIP 74347X864

140 institutional holders +19 vs Q1 2026
1,690,4181.7m shares reported held*
$239.2mreported value*
38 new 25 added 39 reduced 19 sold out net bought ≈ $47.2m (+332.9k 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 ≈ $141.48. Options: 3 managers hold calls ($355.9m notional), 5 hold puts ($220.8m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 65Q4 22: 89Q1 23: 86Q2 23: 90Q3 23: 96Q4 23: 102Q1 24: 101Q2 24: 104Q3 24: 113Q4 24: 117Q1 25: 98Q2 25: 117Q3 25: 129Q4 25: 145Q1 26: 121Q2 26: 140140Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202265
Q4 202289
Q1 202386
Q2 202390
Q3 202396
Q4 2023102
Q1 2024101
Q2 2024104
Q3 2024113
Q4 2024117
Q1 202598
Q2 2025117
Q3 2025129
Q4 2025145
Q1 2026121
Q2 2026140

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 53 bought or addedQ3 24: 44 cut or sold outQ4 24: 47 bought or addedQ4 24: 58 cut or sold outQ4 24Q1 25: 41 bought or addedQ1 25: 55 cut or sold outQ2 25: 73 bought or addedQ2 25: 33 cut or sold outQ2 25Q3 25: 64 bought or addedQ3 25: 53 cut or sold outQ4 25: 56 bought or addedQ4 25: 67 cut or sold outQ4 25Q1 26: 57 bought or addedQ1 26: 69 cut or sold outQ2 26: 63 bought or addedQ2 26: 58 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20245344
Q4 20244758
Q1 20254155
Q2 20257333
Q3 20256453
Q4 20255667
Q1 20265769
Q2 20266358

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ3 25 calls: $266.9mQ3 25 puts: $317.5mQ3 25P/C 1.19Q4 25 calls: $229.1mQ4 25 puts: $316.2mQ4 25P/C 1.38Q1 26 calls: $212.6mQ1 26 puts: $193.3mQ1 26P/C 0.91Q2 26 calls: $355.9mQ2 26 puts: $220.8mQ2 26P/C 0.62
Numbers
QuarterCallsPutsP/C
Q3 2025$266.9m$317.5m1.19
Q4 2025$229.1m$316.2m1.38
Q1 2026$212.6m$193.3m0.91
Q2 2026$355.9m$220.8m0.62

Biggest buyers

HRT FINANCIAL LP New +291,985+292.0k
AXXCESS WEALTH MANAGEMENT, LLC New +164,587+164.6k
MILLENNIUM MANAGEMENT LLC New +75,500+75.5k
LM Advisors LLC Added +24,977+25.0k
CITADEL ADVISORS LLC New +21,605+21.6k
Encompass More Asset Management New +21,478+21.5k
Optiver Holding B.V. Added +17,014+17.0k
BankPlus Trust Department New +15,900+15.9k
Larson Financial Group LLC Added +14,427+14.4k
GTS SECURITIES LLC Added +12,402+12.4k

Biggest sellers

Tower Research Capital LLC (TRC) Reduced -51,058-51.1k
GOLDMAN SACHS GROUP INC Sold out -50,746-50.7k
FLOW TRADERS U.S. LLC Sold out -49,760-49.8k
IMC-Chicago, LLC Sold out -33,148-33.1k
Ascentis Independent Advisors Sold out -27,940-27.9k
Spectrum Financial Alliance Ltd LLC Reduced -19,287-19.3k
Corient Private Wealth LP Sold out -19,275-19.3k
Squarepoint Ops LLC Sold out -19,053-19.1k
MFG WEALTH MANAGEMENT, INC. Sold out -17,541-17.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -16,442-16.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $207.1m1.5m shares
CITADEL ADVISORS LLC Reduced $81.4m573.8k shares
JANE STREET GROUP, LLC Reduced $67.5m475.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $132.6m935.0k shares
CITADEL ADVISORS LLC Reduced $55.6m392.1k shares
JANE STREET GROUP, LLC Reduced $31.6m222.6k shares
Beacon Pointe Advisors, LLC Unchanged $808.2k5.7k shares
Lido Advisors, LLC New $226.9k1.6k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HRT FINANCIAL LP 0.10% of their portfolio NEW YORK, NY 291,985292.0k $41.4m $41.4m 0.10% New
2 Ridgepath Capital Management LLC 10.33% of their portfolio Knoxville, TN 165,092165.1k $23.4m $23.4m 10.33% Reduced -4.1k -4,125
3 AXXCESS WEALTH MANAGEMENT, LLC 0.37% of their portfolio CARLSBAD, CA 164,587164.6k $23.3m $23.3m 0.37% New
4 Spectrum Financial Alliance Ltd LLC 2.31% of their portfolio NICHOLASVILLE, KY 110,615110.6k $15.7m $15.7m 2.31% Reduced -19.3k -19,287
5 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 75,50075.5k $10.7m $10.7m 0.01% New
6 Main Street Group, LTD 1.53% of their portfolio GLEN ALLEN, VA 46,34946.3k $6.6m $6.6m 1.53% Reduced -547 -547
7 DIVERSIFIED TRUST CO 0.10% of their portfolio MEMPHIS, TN 43,00043.0k $6.1m $6.1m 0.10% Unchanged
8 GTS SECURITIES LLC 0.10% of their portfolio NEW YORK, NY 34,32434.3k $4.9m $4.9m 0.10% Added +12.4k +12,402
9 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 29,06629.1k $4.1m $4.1m 0.00% Unchanged
10 R2 Capital Strategies, LLC 1.83% of their portfolio LINCOLN, NE 28,41528.4k $4.0m $4.0m 1.83% First filing
11 Mariner, LLC 0.00% of their portfolio Overland Park, KS 27,76127.8k $3.9m $3.9m 0.00% Reduced -976 -976
12 Uniting Wealth Partners, LLC 0.75% of their portfolio DENVER, CO 26,00026.0k $3.7m $3.7m 0.75% Unchanged
13 LM Advisors LLC 0.42% of their portfolio SAN DIEGO, CA 25,89825.9k $3.7m $3.7m 0.42% Added +25.0k +24,977
14 Millington Financial Advisors, LLC 1.41% of their portfolio NAPERVILLE, IL 25,84325.8k $3.6m $3.6m 1.41% Added +324 +324
15 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 24,82424.8k $3.5m $3.5m 0.00% Reduced -514 -514
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 21,88621.9k $3.1m $3.1m 0.00% Reduced -12.6k -12,562
17 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 21,60521.6k $3.1m $3.1m 0.00% New
18 Encompass More Asset Management 0.45% of their portfolio Danville, CA 21,47821.5k $3.0m $3.0m 0.45% New
19 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 21,11221.1k $3.0m $3.0m 0.01% Added +4.6k +4,590
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 20,47420.5k $2.8m $2.8m 0.00% Reduced -3.3k -3,280
21 INDEPENDENT FINANCIAL GROUP, LLC 0.05% of their portfolio SAN DIEGO, CA 19,58919.6k $2.8m $2.8m 0.05% Reduced -4.0k -4,006
22 Optiver Holding B.V. 0.04% of their portfolio AMSTERDAM, P7 18,73218.7k $2.7m $2.7m 0.04% Added +17.0k +17,014
23 Larson Financial Group LLC 0.07% of their portfolio ST LOUIS, MO 18,06818.1k $2.6m $2.6m 0.07% Added +14.4k +14,427
24 DeDora Capital, Inc. 0.55% of their portfolio Napa, CA 17,92617.9k $2.5m $2.5m 0.55% Reduced -354 -354
25 Tower Research Capital LLC (TRC) 0.06% of their portfolio NEW YORK, NY 16,18116.2k $2.3m $2.3m 0.06% Reduced -51.1k -51,058
26 Safe Harbor Fiduciary, LLC 1.76% of their portfolio PENSACOLA, FL 15,92215.9k $2.3m $2.3m 1.76% Reduced -3.8k -3,771
27 BankPlus Trust Department 0.53% of their portfolio JACKSON, MS 15,90015.9k $2.3m $2.3m 0.53% New
28 TOTH FINANCIAL ADVISORY CORP 0.19% of their portfolio LEESBURG, VA 13,45913.5k $1.9m $1.9m 0.19% Reduced -172 -172
29 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 12,31312.3k $1.7m $1.7m 0.00% New
30 EverSource Wealth Advisors, LLC 0.05% of their portfolio BIRMINGHAM, AL 10,10110.1k $1.4m $1.4m 0.05% Reduced -7.5k -7,467
31 Koshinski Asset Management, Inc. 0.07% of their portfolio DECATUR, IL 9,4459.4k $1.3m $1.3m 0.07% Reduced -847 -847
32 Ellis Investment Partners, LLC 0.20% of their portfolio Berwyn, PA 9,4019.4k $1.3m $1.3m 0.20% Added +1.7k +1,731
33 Westmount Partners, LLC 0.29% of their portfolio LOS ANGELES, CA 9,3709.4k $1.3m $1.3m 0.29% Added +884 +884
34 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 8,9989.0k $1.3m $1.3m 0.01% Unchanged
35 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 8,9228.9k $865.3k $865.3k 0.01% Reduced -274 -274
36 Timonier Family Office, LTD. 0.31% of their portfolio WINSTON SALEM, NC 7,7347.7k $1.1m $1.1m 0.31% First filing
37 Discipline Wealth Solutions, LLC 0.09% of their portfolio GREENVILLE, SC 7,0677.1k $1.0m $1.0m 0.09% New
38 Bryn Mawr Trust Advisors, LLC 0.04% of their portfolio PHILADELPHIA, PA 7,0297.0k $996.6k $996.6k 0.04% Unchanged
39 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 6,8636.9k $973.1k $973.1k 0.00% Reduced -16.4k -16,442
40 KWMG, LLC 0.07% of their portfolio OVERLAND PARK, KS 6,8436.8k $970.2k $970.2k 0.07% Added +3 +3
41 Sound Income Strategies, LLC 0.04% of their portfolio FT LAUDERDALE, FL 6,7626.8k $958.8k $958.8k 0.04% Reduced -504 -504
42 FOUNDERS FINANCIAL SECURITIES LLC 0.05% of their portfolio TOWSON, MD 6,7376.7k $955.2k $955.2k 0.05% New
43 Genesee Capital Advisors, LLC 0.29% of their portfolio AUBURN, NY 6,4876.5k $919.8k $919.8k 0.29% New
44 Massar Capital Management, LP 0.31% of their portfolio STAMFORD, CT 6,3876.4k $905.6k $905.6k 0.31% New
45 Erickson Financial Group, LLC 0.47% of their portfolio ALLENTOWN, PA 6,1496.1k $871.9k $871.9k 0.47% Reduced -803 -803
46 American Financial Advisors, LLC 0.10% of their portfolio Marietta, GA 5,9576.0k $844.7k $844.7k 0.10% Unchanged
47 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 5,8435.8k $828.4k $828.4k 0.00% Added +1.6k +1,633
48 FLPUTNAM INVESTMENT MANAGEMENT CO 0.01% of their portfolio PORTLAND, ME 5,8285.8k $826.4k $826.4k 0.01% Added +461 +461
49 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 5,0745.1k $719.4k $719.4k 0.00% Added +156 +156
50 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 4,9695.0k $705.0k $705.0k 0.00% New
51 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 4,9505.0k $701.9k $701.9k 0.01% Reduced -4 -4
52 Hickory Point Bank & Trust 0.42% of their portfolio DECATUR, IL 4,9084.9k $695.9k $695.9k 0.42% Added +63 +63
53 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 4,8614.9k $689.2k $689.2k 0.01% Unchanged
54 CPR Investments Inc. 0.52% of their portfolio Rochester, MI 4,7914.8k $679.4k $679.4k 0.52% New
55 INSIGNEO ADVISORY SERVICES, LLC 0.03% of their portfolio MIAMI, FL 4,7194.7k $669.1k $669.1k 0.03% Unchanged
56 SYM FINANCIAL Corp 0.05% of their portfolio WINONA LAKE, IN 4,6934.7k $665.4k $665.4k 0.05% Unchanged
57 Ashton Thomas Private Wealth, LLC 0.01% of their portfolio SCOTTSDALE, AZ 4,5754.6k $648.7k $648.7k 0.01% Added +3.0k +2,987
58 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 4,5624.6k $646.8k $646.8k 0.02% Unchanged
59 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.07% of their portfolio CONCORD, MA 4,3654.4k $618.8k $618.8k 0.07% New
60 Mittelman Wealth Management 0.41% of their portfolio ANDOVER, MA 4,3454.3k $616.1k $616.1k 0.41% Unchanged
61 J. M. Brown & Associates Inc. 0.33% of their portfolio TULSA, OK 4,0384.0k $572.5k $572.5k 0.33% First filing
62 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 4,0124.0k $568.8k $568.8k 0.00% Reduced -469 -469
63 Wealth Alliance Advisory Group, LLC 0.08% of their portfolio Wichita, KS 3,8223.8k $542.0k $542.0k 0.08% Reduced -425 -425
64 Sollinda Capital Management LLC 0.11% of their portfolio HICKORY, NC 3,6273.6k $514.3k $514.3k 0.11% Reduced -917 -917
65 Nicholas Hoffman & Company, LLC. 0.01% of their portfolio ATLANTA, GA 3,6103.6k $511.9k $511.9k 0.01% Unchanged
66 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 3,4063.4k $482.9k $482.9k 0.01% Reduced -523 -523
67 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 3,1233.1k $442.8k $442.8k 0.01% Added +7 +7
68 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 3,0883.1k $437.8k $437.8k 0.00% Added +4 +4
69 OPTIMA CAPITAL LLC 0.17% of their portfolio PORTLAND, OR 3,0743.1k $435.9k $435.9k 0.17% Reduced -289 -289
70 Walleye Trading LLC 0.01% of their portfolio NEW YORK, NY 2,9593.0k $419.6k $419.6k 0.01% New
71 LexAurum Advisors, LLC 0.05% of their portfolio OVERLAND PARK, KS 2,8432.8k $403.1k $403.1k 0.05% Added +11 +11
72 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 2,7972.8k $396.6k $396.6k 0.00% Unchanged
73 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 2,6302.6k $372.9k $372.9k 0.00% Reduced -3.2k -3,198
74 Summit Trail Advisors, LLC 0.00% of their portfolio NEW YORK, NY 2,5182.5k $357.0k $357.0k 0.00% Unchanged
75 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 2,4352.4k $345.3k $345.3k 0.02% Reduced -149 -149
76 BXM Wealth LLC 0.18% of their portfolio Englewood, CO 2,3642.4k $335.2k $335.2k 0.18% Reduced -16.4k -16,435
77 Dedeker Financial LLC 0.19% of their portfolio ST. LOUIS PARK, MN 2,3472.3k $332.8k $332.8k 0.19% Reduced -1.9k -1,943
78 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 2,3432.3k $332.3k $332.3k 0.00% New
79 TWO SIGMA SECURITIES, LLC 0.03% of their portfolio NEW YORK, NY 2,3022.3k $326.4k $326.4k 0.03% Reduced -293 -293
80 Visionary Horizons, LLC 0.13% of their portfolio Knoxville, TN 2,2752.3k $322.6k $322.6k 0.13% Unchanged
81 Financial Insights, Inc. 0.08% of their portfolio TACOMA, WA 2,2512.3k $319.2k $319.2k 0.08% New
82 FORTEM FINANCIAL GROUP, LLC 0.07% of their portfolio PALM DESERT, CA 2,2502.2k $319.0k $319.0k 0.07% New
83 Avidian Wealth Enterprises, LLC 0.01% of their portfolio Houston, TX 2,2312.2k $316.3k $316.3k 0.01% Added +5 +5
84 HOWLAND CAPITAL MANAGEMENT LLC 0.01% of their portfolio BOSTON, MA 2,1742.2k $308.3k $308.3k 0.01% Unchanged
85 Daviman Financial, LLC 0.17% of their portfolio FISHERS, IN 2,1582.2k $306.0k $306.0k 0.17% Reduced -423 -423
86 GDS Wealth Management 0.01% of their portfolio FLOWER MOUND, TX 2,1562.2k $305.7k $305.7k 0.01% New
87 Segment Wealth Management, LLC 0.02% of their portfolio HOUSTON, TX 2,0652.1k $292.8k $292.8k 0.02% Unchanged
88 Meramec Financial Planners, LLC 0.10% of their portfolio SAINT LOUIS, MO 2,0572.1k $280.5k $280.5k 0.10% Unchanged
89 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,0342.0k $288.4k $288.4k 0.00% Added +34 +34
90 Mayflower Financial Advisors, LLC 0.02% of their portfolio BOSTON, MA 2,0162.0k $285.9k $285.9k 0.02% Reduced -765 -765
91 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,9151.9k $271.5k $271.5k 0.00% Unchanged
92 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 1,8621.9k $264.0k $264.0k 0.00% New
93 J. Safra Sarasin Holding AG 0.00% of their portfolio BASEL, V8 1,8241.8k $258.7k $258.7k 0.00% New
94 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 1,8061.8k $256.2k $256.2k 0.00% New
95 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 1,8051.8k $255.9k $255.9k 0.01% Reduced -452 -452
96 Physician Wealth Advisors, Inc. 0.03% of their portfolio MIDVALE, UT 1,7711.8k $251.2k $251.2k 0.03% Added +815 +815
97 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 1,7001.7k $241.0k $241.0k 0.00% Reduced -5.1k -5,100
98 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 1,6681.7k $236.6k $236.6k 0.00% New
99 ZACKS INVESTMENT MANAGEMENT 0.00% of their portfolio Chicago, IL 1,6571.7k $234.9k $234.9k 0.00% New
100 Legacy Wealth Managment, LLC/ID 0.10% of their portfolio BOISE, ID 1,6391.6k $232.4k $232.4k 0.10% New