Vault-13

PROSHARES TR NOBL

S&P 500 DV ARIST · ETP · CUSIP 74348A467

825 institutional holders +5 vs Q4 2025
49,119,32549.1m shares reported held*
$5.2bnreported value*
56 new 265 added 327 reduced 46 sold out net sold ≈ $176.1m (-1.6m 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 ($19.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $105.88. Options: 3 managers hold calls ($11.0m notional), 3 hold puts ($19.6m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 571Q4 22: 633Q1 23: 639Q2 23: 648Q3 23: 649Q4 23: 712Q1 24: 714Q2 24: 722Q3 24: 748Q4 24: 798Q1 25: 772Q2 25: 761Q3 25: 768Q4 25: 820Q1 26: 825825Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022571
Q4 2022633
Q1 2023639
Q2 2023648
Q3 2023649
Q4 2023712
Q1 2024714
Q2 2024722
Q3 2024748
Q4 2024798
Q1 2025772
Q2 2025761
Q3 2025768
Q4 2025820
Q1 2026825

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 24: 253 bought or addedQ2 24: 313 cut or sold outQ3 24: 315 bought or addedQ3 24: 321 cut or sold outQ3 24Q4 24: 355 bought or addedQ4 24: 293 cut or sold outQ1 25: 258 bought or addedQ1 25: 368 cut or sold outQ1 25Q2 25: 307 bought or addedQ2 25: 353 cut or sold outQ3 25: 290 bought or addedQ3 25: 367 cut or sold outQ3 25Q4 25: 314 bought or addedQ4 25: 352 cut or sold outQ1 26: 321 bought or addedQ1 26: 373 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024253313
Q3 2024315321
Q4 2024355293
Q1 2025258368
Q2 2025307353
Q3 2025290367
Q4 2025314352
Q1 2026321373

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 25 calls: $4.4mQ2 25 puts: $4.5mQ2 25P/C 1.01Q3 25 calls: $4.0mQ3 25 puts: $1.2mQ3 25P/C 0.29Q4 25 calls: $3.7mQ4 25 puts: $1.1mQ4 25P/C 0.30Q1 26 calls: $11.0mQ1 26 puts: $19.6mQ1 26P/C 1.79
Numbers
QuarterCallsPutsP/C
Q2 2025$4.4m$4.5m1.01
Q3 2025$4.0m$1.2m0.29
Q4 2025$3.7m$1.1m0.30
Q1 2026$11.0m$19.6m1.79

Biggest buyers

FIFTH THIRD BANCORP Added +105,968+106.0k
Jump Financial, LLC New +95,726+95.7k
Glen Eagle Advisors, LLC Added +95,269+95.3k
FLOW TRADERS U.S. LLC New +60,335+60.3k
MONEY CONCEPTS CAPITAL CORP Added +52,767+52.8k
SouthState Bank Corp Added +51,509+51.5k
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Added +51,064+51.1k
GOLDMAN SACHS GROUP INC Added +45,382+45.4k
Valtrion Capital Management, LLC Added +45,296+45.3k
ENVESTNET ASSET MANAGEMENT INC Added +43,328+43.3k

Biggest sellers

MORGAN STANLEY Reduced -441,667-441.7k
IFG Advisory, LLC Sold out -348,757-348.8k
SILVERCREST ASSET MANAGEMENT GROUP LLC Reduced -254,342-254.3k
BANK OF AMERICA CORP /DE/ Reduced -223,861-223.9k
RAYMOND JAMES FINANCIAL INC Reduced -122,518-122.5k
Carrera Capital Advisors Reduced -109,482-109.5k
Sanctuary Advisors, LLC Reduced -105,269-105.3k
LPL Financial LLC Reduced -91,585-91.6k
WELLS FARGO & COMPANY/MN Reduced -85,340-85.3k
AMERIPRISE FINANCIAL INC Reduced -76,957-77.0k

Biggest calls

CITADEL ADVISORS LLC Added $8.2m77.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.6m24.2k shares
JANE STREET GROUP, LLC New $201.4k1.9k shares

Biggest puts

CITADEL ADVISORS LLC New $11.3m106.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.0m75.8k shares
JANE STREET GROUP, LLC New $233.2k2.2k 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 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 9,206,2739.2m $976.0m $976.0m 0.06% Reduced -441.7k -441,667
2 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 4,432,8584.4m $469.9m $469.9m 0.03% Reduced -223.9k -223,861
3 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 3,025,0653.0m $320.7m $320.7m 0.09% Reduced -91.6k -91,585
4 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 1,816,4351.8m $192.6m $192.6m 0.04% Reduced -85.3k -85,340
5 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,755,2571.8m $186.1m $186.1m 0.03% Reduced -32.8k -32,768
6 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 1,738,1961.7m $184.3m $184.3m 0.06% Reduced -122.5k -122,518
7 Cresset Asset Management, LLC 0.76% of their portfolio Chicago, IL 1,657,6091.7m $175.7m $175.7m 0.76% Added +30.3k +30,273
8 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.12% of their portfolio MINNEAPOLIS, MN 1,367,9171.4m $145.0m $145.0m 2.12% Added +51.1k +51,064
9 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 1,360,0951.4m $144.2m $144.2m 0.03% Reduced -74.6k -74,590
10 ROCKLAND TRUST CO 3.09% of their portfolio HANOVER, MA 727,490727.5k $77.1m $77.1m 3.09% Added +24.8k +24,839
11 Cassaday & Co Wealth Management LLC 1.46% of their portfolio MCLEAN, VA 644,773644.8k $68.4m $68.4m 1.46% Reduced -5.5k -5,550
12 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 576,845576.8k $61.2m $61.2m 0.09% Reduced -44.8k -44,843
13 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 573,165573.2k $60.8m $60.8m 0.06% Reduced -73.1k -73,098
14 Wealthspire Advisors, LLC 0.39% of their portfolio NEW YORK, NY 464,941464.9k $49.3m $49.3m 0.39% Reduced -11.0k -11,027
15 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 455,619455.6k $48.3m $48.3m 0.01% Reduced -77.0k -76,957
16 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 440,873440.9k $46.8m $46.8m 0.07% Reduced -23.9k -23,879
17 Cambridge Investment Research Advisors, Inc. 0.12% of their portfolio FAIRFIELD, IA 426,824426.8k $45.2m $45.2m 0.12% Reduced -38.3k -38,262
18 Janney Montgomery Scott LLC 0.11% of their portfolio PHILADELPHIA, PA 404,468404.5k $42.9m $42.9m 0.11% Reduced -43.1k -43,091
19 IAM Advisory, LLC 9.10% of their portfolio EASTON, PA 383,198383.2k $40.6m $40.6m 9.10% Reduced -3.5k -3,469
20 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 361,235361.2k $38.3m $38.3m 0.06% Added +42.3k +42,290
21 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 358,457358.5k $38.0m $38.0m 0.07% Added +798 +798
22 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 264,681264.7k $28.1m $28.1m 0.02% Reduced -13.8k -13,767
23 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 258,037258.0k $27.0m $27.0m 0.01% Added +24.8k +24,773
24 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 257,249257.2k $27.3m $27.3m 0.03% Added +3.2k +3,181
25 Glen Eagle Advisors, LLC 3.80% of their portfolio KINGSTON, NJ 256,059256.1k $27.1m $27.1m 3.80% Added +95.3k +95,269
26 Summit Financial Wealth Advisors, LLC 3.84% of their portfolio Lafayette, LA 255,491255.5k $27.1m $27.1m 3.84% Reduced -3.3k -3,335
27 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 228,345228.3k $24.2m $24.2m 0.01% Added +43.3k +43,328
28 Carrera Capital Advisors 3.66% of their portfolio TROY, MI 224,050224.1k $23.8m $23.8m 3.66% Reduced -109.5k -109,482
29 Pacific Wealth Strategies Group, Inc. 12.98% of their portfolio SANTA BARBARA, CA 196,184196.2k $20.8m $20.8m 12.98% Added +5.6k +5,605
30 Landmark Wealth Management, LLC 5.38% of their portfolio MELVILLE, NY 189,366189.4k $20.1m $20.1m 5.38% Added +28.7k +28,743
31 TD Waterhouse Canada Inc. 0.06% of their portfolio TORONTO, A6 184,667184.7k $19.5m $19.5m 0.06% Added +3.0k +3,036
32 TOTH FINANCIAL ADVISORY CORP 2.03% of their portfolio LEESBURG, VA 174,026174.0k $18.4m $18.4m 2.03% Reduced -2.0k -2,027
33 ForthRight Wealth Management, LLC 5.15% of their portfolio ALPHARETTA, GA 171,248171.2k $18.2m $18.2m 5.15% Reduced -14.6k -14,632
34 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 169,929169.9k $18.0m $18.0m 0.05% Added +6.3k +6,300
35 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 169,430169.4k $18.0m $18.0m 0.01% Added +936 +936
36 Waverly Advisors, LLC 0.13% of their portfolio BIRMINGHAM, AL 165,696165.7k $17.6m $17.6m 0.13% Added +30.8k +30,806
37 McElhenny Sheffield Capital Management, LLC 4.23% of their portfolio DALLAS, TX 161,050161.1k $17.1m $17.1m 4.23% Added +42.9k +42,943
38 SMITH, MOORE & CO. 1.21% of their portfolio CLAYTON, MO 157,530157.5k $16.7m $16.7m 1.21% Added +8.9k +8,907
39 &PARTNERS 0.08% of their portfolio NASHVILLE, TN 155,252155.3k $16.5m $16.5m 0.08% Added +1.3k +1,275
40 HANTZ FINANCIAL SERVICES, INC. 0.25% of their portfolio SOUTHFIELD, MI 152,951153.0k $16.2m $16.2m 0.25% Reduced -11.7k -11,721
41 Sanctuary Advisors, LLC 0.09% of their portfolio INDIANAPOLIS, IN 152,023152.0k $16.1m $16.1m 0.09% Reduced -105.3k -105,269
42 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 145,689145.7k $15.4m $15.4m 0.00% Added +45.4k +45,382
43 ELEVATION POINT WEALTH PARTNERS, LLC 0.37% of their portfolio DENVER, CO 145,549145.5k $15.4m $15.4m 0.37% Added +21.2k +21,244
44 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 145,177145.2k $15.4m $15.4m 0.06% Reduced -7.7k -7,698
45 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 144,844144.8k $15.4m $15.4m 0.02% Reduced -1.5k -1,474
46 Equitable Holdings, Inc. 0.10% of their portfolio NEW YORK, NY 144,674144.7k $15.1m $15.1m 0.10% Reduced -10.4k -10,408
47 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 141,414141.4k $15.0m $15.0m 0.02% Reduced -20.7k -20,658
48 Vestmark Advisory Solutions, Inc. 0.17% of their portfolio Wakefield, MA 141,264141.3k $15.0m $15.0m 0.17% Added +19.1k +19,098
49 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 127,260127.3k $13.5m $13.5m 0.01% Reduced -1.7k -1,658
50 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 125,444125.4k $6.2m $6.2m 0.01% Added +37.6k +37,570
51 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 124,990125.0k $13.3m $13.3m 0.06% Reduced -11.1k -11,133
52 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.08% of their portfolio IRVING, TX 120,828120.8k $12.8m $12.8m 0.08% Reduced -4.3k -4,350
53 QUEST INVESTMENT MANAGEMENT LLC 1.49% of their portfolio LAKE OSWEGO, OR 120,387120.4k $12.8m $12.8m 1.49% Reduced -9.9k -9,918
54 Carroll Advisory Group, LLC 4.82% of their portfolio TEXARKANA, TX 117,041117.0k $12.4m $12.4m 4.82% Added +17.4k +17,409
55 Essex Financial Services, Inc. 0.68% of their portfolio ESSEX, CT 114,202114.2k $12.1m $12.1m 0.68% Added +1.5k +1,469
56 Valtrion Capital Management, LLC 11.33% of their portfolio FRANKLIN, TN 113,355113.4k $12.0m $12.0m 11.33% Added +45.3k +45,296
57 Cordoba Advisory Partners LLC 3.16% of their portfolio NEW YORK, NY 107,772107.8k $11.4m $11.4m 3.16% Added +4.3k +4,316
58 FIFTH THIRD BANCORP 0.02% of their portfolio CINCINNATI, OH 107,042107.0k $11.3m $11.3m 0.02% Added +106.0k +105,968
59 Mariner, LLC 0.01% of their portfolio Overland Park, KS 99,41499.4k $10.5m $10.5m 0.01% Reduced -817 -817
60 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 99,04799.0k $10.5m $10.5m 0.01% Reduced -38.8k -38,782
61 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 97,35997.4k $10.3m $10.3m 0.01% Added +4.3k +4,328
62 Jump Financial, LLC 0.15% of their portfolio Chicago, IL 95,72695.7k $10.1m $10.1m 0.15% New
63 FAGAN ASSOCIATES, INC. 1.40% of their portfolio TROY, NY 94,93294.9k $10.1m $10.1m 1.40% Reduced -1.4k -1,399
64 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 94,62194.6k $10.0m $10.0m 0.01% Added +2.6k +2,582
65 CFS Investment Advisory Services, LLC 0.71% of their portfolio TOTOWA, NJ 94,46394.5k $10.3m $10.3m 0.71% Reduced -5.1k -5,145
66 OPPENHEIMER & CO INC 0.12% of their portfolio NEW YORK, NY 93,36893.4k $9.9m $9.9m 0.12% Added +3.4k +3,360
67 MYCIO WEALTH PARTNERS, LLC 1.96% of their portfolio PHILADELPHIA, PA 92,89992.9k $9.8m $9.8m 1.96% Added +6.9k +6,875
68 MONEY CONCEPTS CAPITAL CORP 0.53% of their portfolio PALM BEACH GARDENS, FL 90,60490.6k $9.6m $9.6m 0.53% Added +52.8k +52,767
69 Gerald Baker Financial Group LLC 3.02% of their portfolio ARLINGTON, TX 90,07690.1k $9.5m $9.5m 3.02% First filing
70 SMITH SHELLNUT WILSON LLC /ADV 4.15% of their portfolio Ridgeland, MS 89,73689.7k $9.5m $9.5m 4.15% Reduced -1.1k -1,129
71 Galilei Investment Office LLP 4.83% of their portfolio LONDON, X0 87,95188.0k $9.3m $9.3m 4.83% Reduced -46.2k -46,189
72 Coston, McIsaac & Partners 2.10% of their portfolio BAR HARBOR, ME 87,63687.6k $9.3m $9.3m 2.10% Reduced -2.8k -2,847
73 Prasad Wealth Partners, LLC 2.48% of their portfolio INDEPENDENCE, OH 85,93885.9k $9.1m $9.1m 2.48% Added +3.0k +3,040
74 Centurion Wealth Management LLC 2.04% of their portfolio Mclean, VA 85,28485.3k $9.0m $9.0m 2.04% Added +10.4k +10,430
75 Integrated Advisors Network LLC 0.47% of their portfolio DALLAS, TX 84,84784.8k $9.0m $9.0m 0.47% Added +26.0k +26,009
76 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 83,71183.7k $8.8m $8.8m 0.00% Reduced -31.4k -31,417
77 Ted Buchan & Co 3.09% of their portfolio San Diego, CA 80,32580.3k $8.5m $8.5m 3.09% Added +12.9k +12,906
78 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 79,19479.2k $8.4m $8.4m 0.02% Added +21.2k +21,187
79 LMG Wealth Partners, LLC 1.52% of their portfolio SHREVEPORT, LA 78,70478.7k $8.3m $8.3m 1.52% Reduced -145 -145
80 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 78,18478.2k $8.3m $8.3m 0.01% Reduced -45.0k -45,046
81 Joseph P. Lucia & Associates, LLC 2.96% of their portfolio Yorktown Heights, NY 78,02178.0k $8.3m $8.3m 2.96% Reduced -940 -940
82 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 76,89476.9k $8.2m $8.2m 0.03% Added +16.6k +16,611
83 Benchmark Financial, LLC 7.07% of their portfolio WILMINGTON, DE 74,33174.3k $7.9m $7.9m 7.07% Added +6.5k +6,520
84 D.A. DAVIDSON & CO. 0.05% of their portfolio GREAT FALLS, MT 73,98674.0k $7.8m $7.8m 0.05% Reduced -494 -494
85 Summit Financial, LLC 0.10% of their portfolio PARSIPPANY, NJ 73,63273.6k $7.8m $7.8m 0.10% Reduced -818 -818
86 PRING TURNER CAPITAL GROUP INC 4.60% of their portfolio ALAMO, CA 73,49173.5k $7.6m $7.6m 4.60% Unchanged
87 Kraft, Davis & Associates, LLC 1.70% of their portfolio St. Louis, MO 73,48373.5k $8.0m $8.0m 1.70% Reduced -5.8k -5,810
88 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 72,50372.5k $7.7m $7.7m 0.02% Reduced -2.2k -2,161
89 Legacy Private Trust Co. 0.47% of their portfolio NEENAH, WI 72,29572.3k $7.7m $7.7m 0.47% Reduced -4.0k -4,023
90 Financial & Tax Architects, LLC 1.69% of their portfolio ST LOUIS, MO 71,69271.7k $7.6m $7.6m 1.69% Reduced -17.0k -16,981
91 J.W. COLE ADVISORS, INC. 0.26% of their portfolio TAMPA, FL 71,36771.4k $7.6m $7.6m 0.26% Reduced -2.6k -2,574
92 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 71,04471.0k $7.5m $7.5m 0.01% Reduced -1.4k -1,419
93 TRANSCEND CAPITAL ADVISORS, LLC 0.59% of their portfolio MADISON, NJ 69,11469.1k $7.3m $7.3m 0.59% Reduced -1.5k -1,508
94 Tradition Wealth Management, LLC 0.52% of their portfolio EDINA, MN 68,44968.4k $7.3m $7.3m 0.52% Added +177 +177
95 Allred Capital Management, LLC 2.60% of their portfolio Dallas, TX 67,32067.3k $7.1m $7.1m 2.60% Added +2.2k +2,216
96 Goldstone Financial Group, LLC 0.77% of their portfolio OAKBROOK TERRACE, IL 67,06067.1k $7.1m $7.1m 0.77% Added +446 +446
97 Cypress Capital, LLC 2.01% of their portfolio FRANKLIN, TN 66,64966.6k $7.1m $7.1m 2.01% Reduced -23.1k -23,077
98 NorthCrest Asset Manangement, LLC 0.22% of their portfolio PLYMOUTH, MN 66,45866.5k $7.0m $7.0m 0.22% Reduced -33.0k -33,023
99 Brookstone Capital Management 0.08% of their portfolio WHEATON, IL 66,24466.2k $7.0m $7.0m 0.08% Reduced -8.0k -7,997
100 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 65,59565.6k $7.0m $7.0m 0.00% Added +2.4k +2,438