Vault-13

PROSHARES TR SH

SHORT S&P 500 NE · ETP · CUSIP 74349Y753

114 institutional holders -32 vs Q1 2026
11,220,60311.2m shares reported held*
$370.8mreported value*
19 new 34 added 31 reduced 52 sold out net sold ≈ $222.7m (-6.8m 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. Holder counts are more reliable. Implied quarter-end price ≈ $33.05. Options: 3 managers hold calls ($10.2m notional), 4 hold puts ($60.6m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 24: 2Q4 24: 119Q1 25: 136Q2 25: 121Q3 25: 121Q4 25: 112Q1 26: 146Q2 26: 114114Q3 24Q1 25Q3 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 20242
Q4 2024119
Q1 2025136
Q2 2025121
Q3 2025121
Q4 2025112
Q1 2026146
Q2 2026114

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 24: 112 bought or addedQ4 24: 2 cut or sold outQ4 24Q1 25: 84 bought or addedQ1 25: 52 cut or sold outQ2 25: 60 bought or addedQ2 25: 83 cut or sold outQ2 25Q3 25: 56 bought or addedQ3 25: 59 cut or sold outQ4 25: 60 bought or addedQ4 25: 59 cut or sold outQ4 25Q1 26: 90 bought or addedQ1 26: 44 cut or sold outQ2 26: 53 bought or addedQ2 26: 83 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 20241122
Q1 20258452
Q2 20256083
Q3 20255659
Q4 20256059
Q1 20269044
Q2 20265383

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ3 25 calls: $30.8mQ3 25 puts: $63.2mQ3 25P/C 2.05Q4 25 calls: $29.3mQ4 25 puts: $56.5mQ4 25P/C 1.93Q1 26 calls: $14.9mQ1 26 puts: $52.8mQ1 26P/C 3.53Q2 26 calls: $10.2mQ2 26 puts: $60.6mQ2 26P/C 5.95
Numbers
QuarterCallsPutsP/C
Q3 2025$30.8m$63.2m2.05
Q4 2025$29.3m$56.5m1.93
Q1 2026$14.9m$52.8m3.53
Q2 2026$10.2m$60.6m5.95

Biggest buyers

MORGAN STANLEY Added +423,404+423.4k
JANE STREET GROUP, LLC Added +369,086+369.1k
AXXCESS WEALTH MANAGEMENT, LLC New +309,272+309.3k
DRW Securities, LLC New +303,703+303.7k
STERLING INVESTMENT MANAGEMENT, LLC New +230,707+230.7k
Jump Financial, LLC Added +229,531+229.5k
IMC-Chicago, LLC Added +219,262+219.3k
Vontobel Holding Ltd. Added +69,842+69.8k
AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP Added +54,595+54.6k
GOLDMAN SACHS GROUP INC Added +53,366+53.4k

Biggest sellers

Stack Financial Management, Inc Reduced -1,046,587-1.0m
Ryan Investment Management, Inc. Sold out -897,285-897.3k
Robertson Stephens Wealth Management, LLC Sold out -602,863-602.9k
Three Seasons Wealth, LLC Sold out -540,662-540.7k
FOURPATH CAPITAL MANAGEMENT, LLC Sold out -464,668-464.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -426,738-426.7k
UBS Group AG Reduced -422,604-422.6k
HighTower Advisors, LLC Reduced -402,918-402.9k
Kaydan Wealth Management, Inc. Sold out -387,723-387.7k
Mirador Capital Partners LP Sold out -352,756-352.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $7.6m229.2k shares
CITADEL ADVISORS LLC Reduced $1.6m48.7k shares
JANE STREET GROUP, LLC Reduced $1.0m30.3k shares

Biggest puts

JANE STREET GROUP, LLC Added $36.6m1.1m shares
CITADEL ADVISORS LLC Reduced $18.8m569.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.4m133.4k shares
Walleye Trading LLC New $733.0k22.2k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Stack Financial Management, Inc 7.15% of their portfolio WHITEFISH, MT 2,776,4332.8m $91.7m $91.7m 7.15% Reduced -1.0m -1,046,587
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,486,3272.5m $82.1m $82.1m 0.00% Added +423.4k +423,404
3 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 458,269458.3k $15.1m $15.1m 0.01% Added +369.1k +369,086
4 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 434,134434.1k $14.3m $14.3m 0.01% Added +18.8k +18,775
5 Stratos Wealth Advisors, LLC 0.78% of their portfolio BEACHWOOD, OH 431,591431.6k $14.3m $14.3m 0.78% Reduced -75.0k -74,977
6 AXXCESS WEALTH MANAGEMENT, LLC 0.16% of their portfolio CARLSBAD, CA 309,272309.3k $10.2m $10.2m 0.16% New
7 Jump Financial, LLC 0.09% of their portfolio Chicago, IL 304,263304.3k $10.0m $10.0m 0.09% Added +229.5k +229,531
8 DRW Securities, LLC 0.60% of their portfolio CHICAGO, IL 303,703303.7k $10.0m $10.0m 0.60% New
9 IMC-Chicago, LLC 0.07% of their portfolio CHICAGO, IL 244,436244.4k $8.1m $8.1m 0.07% Added +219.3k +219,262
10 GUARDIAN WEALTH ADVISORS, LLC / NC 0.44% of their portfolio RALEIGH, NC 233,122233.1k $7.7m $7.7m 0.44% Added +37.9k +37,914
11 STERLING INVESTMENT MANAGEMENT, LLC 4.18% of their portfolio TUCSON, AZ 230,707230.7k $7.6m $7.6m 4.18% New
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 196,849196.8k $6.5m $6.5m 0.00% Reduced -422.6k -422,604
13 Vontobel Holding Ltd. 0.02% of their portfolio ZURICH, V8 158,166158.2k $5.2m $5.2m 0.02% Added +69.8k +69,842
14 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 154,750154.8k $5.1m $5.1m 0.00% Added +8.9k +8,882
15 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 154,363154.4k $5.1m $5.1m 0.00% Added +22.3k +22,349
16 CHATHAM CAPITAL GROUP, INC. 0.61% of their portfolio SAVANNAH, GA 145,615145.6k $4.8m $4.8m 0.61% Reduced -14.3k -14,350
17 Axiom Investment Management LLC 3.04% of their portfolio NEW YORK, NY 137,921137.9k $4.6m $4.6m 3.04% Reduced -50.7k -50,679
18 ONE PLUS ONE WEALTH MANAGEMENT, LLC 1.69% of their portfolio JUPITER, FL 116,890116.9k $3.9m $3.9m 1.69% Reduced -39.7k -39,711
19 Perigon Wealth Management, LLC 0.06% of their portfolio SAN FRANCISCO, CA 113,804113.8k $3.8m $3.8m 0.06% Added +7.5k +7,455
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 109,501109.5k $3.6m $3.6m 0.00% Reduced -426.7k -426,738
21 Capital Wealth Planning, LLC 0.02% of their portfolio NAPLES, FL 93,60893.6k $3.1m $3.1m 0.02% Added +7.7k +7,723
22 AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP 2.40% of their portfolio HINGHAM, MA 92,22392.2k $3.1m $3.1m 2.40% Added +54.6k +54,595
23 Belpointe Asset Management LLC 0.09% of their portfolio RENO, NV 85,16285.2k $2.8m $2.8m 0.09% Reduced -2.9k -2,872
24 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 68,55868.6k $2.3m $2.3m 0.03% Reduced -72.4k -72,369
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 65,86665.9k $2.2m $2.2m 0.00% Added +53.4k +53,366
26 Verity Asset Management, Inc. 0.81% of their portfolio DURHAM, NC 64,96765.0k $2.1m $2.1m 0.81% Added +1.9k +1,906
27 Hedges Asset Management LLC 1.39% of their portfolio RENO, NV 64,20064.2k $2.1m $2.1m 1.39% First filing
28 J. Safra Sarasin Holding AG 0.03% of their portfolio BASEL, V8 60,51060.5k $2.3m $2.3m 0.03% Unchanged
29 Virtue Capital Management, LLC 0.27% of their portfolio BRENTWOOD, TN 60,42460.4k $2.0m $2.0m 0.27% Added +8.7k +8,695
30 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 58,61958.6k $1.9m $1.9m 0.00% Reduced -93.9k -93,940
31 Commonwealth Financial Services, LLC 0.26% of their portfolio VIENNA, WV 57,64257.6k $1.9m $1.9m 0.26% Unchanged
32 Per Stirling Capital Management, LLC. 0.17% of their portfolio AUSTIN, TX 53,33953.3k $1.8m $1.8m 0.17% Reduced -3.1k -3,077
33 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 45,48545.5k $1.5m $1.5m 0.00% Added +19.0k +18,963
34 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 42,06942.1k $1.4m $1.4m 0.01% Added +12.4k +12,411
35 B. Riley Wealth Advisors, Inc. 0.08% of their portfolio MEMPHIS, TN 41,56341.6k $1.4m $1.4m 0.08% Added +939 +939
36 Arete Wealth Advisors, LLC 0.08% of their portfolio CHICAGO, IL 38,70638.7k $1.3m $1.3m 0.08% Reduced -247.4k -247,428
37 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 37,89137.9k $1.3m $1.3m 0.01% Reduced -8.2k -8,158
38 Ballew Advisors, Inc 0.63% of their portfolio Jackson, MS 36,78236.8k $1.2m $1.2m 0.63% Added +1.8k +1,775
39 AXS Investments LLC 0.29% of their portfolio PORT CHESTER, NY 31,50031.5k $1.0m $1.0m 0.29% Reduced -5.5k -5,500
40 Sidoxia Capital Management, LLC 0.74% of their portfolio NEWPORT BEACH, CA 30,76030.8k $1.0m $1.0m 0.74% New
41 Mariner, LLC 0.00% of their portfolio Overland Park, KS 28,97229.0k $956.7k $956.7k 0.00% Reduced -147.5k -147,539
42 Integrated Advisors Network LLC 0.04% of their portfolio DALLAS, TX 26,34226.3k $869.8k $869.8k 0.04% Reduced -2.0k -2,050
43 Edge Wealth Management LLC 0.13% of their portfolio NEW YORK, NY 23,00023.0k $759.5k $759.5k 0.13% Unchanged
44 Rothschild Capital Partners, LLC 0.16% of their portfolio NEW YORK, NY 21,82721.8k $720.7k $720.7k 0.16% Reduced -227.1k -227,141
45 Sugar Maple Asset Management, LLC 0.45% of their portfolio SISTER BAY, WI 21,33721.3k $704.5k $704.5k 0.45% Unchanged
46 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 20,76220.8k $685.6k $685.6k 0.00% Added +10.4k +10,381
47 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 20,02720.0k $661.3k $661.3k 0.01% Unchanged
48 Aviance Capital Partners, LLC 0.07% of their portfolio NAPLES, FL 19,00019.0k $627.4k $627.4k 0.07% Reduced -2.5k -2,500
49 GROUP ONE TRADING LLC 0.02% of their portfolio CHICAGO, IL 18,55218.6k $612.6k $612.6k 0.02% Added +1.7k +1,666
50 Vigilare Wealth Management 0.18% of their portfolio SCOTTSDALE, AZ 18,04218.0k $595.7k $595.7k 0.18% Reduced -23.7k -23,742
51 Sepio Capital, LP 0.03% of their portfolio Salt Lake City, UT 17,75017.8k $586.1k $586.1k 0.03% Added +5.0k +5,000
52 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 17,72617.7k $585.3k $585.3k 0.00% Reduced -81.5k -81,496
53 Alpha Advisors, LLC/VA 0.44% of their portfolio RICHMOND, VA 17,65517.7k $583.0k $583.0k 0.44% New
54 Nicholas Hoffman & Company, LLC. 0.01% of their portfolio ATLANTA, GA 15,46315.5k $510.6k $510.6k 0.01% Reduced -1.3k -1,259
55 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,26515.3k $507.7k $507.7k 0.00% Added +346 +346
56 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 15,00015.0k $495.3k $495.3k 0.00% Unchanged
57 Pinnacle Financial Partners, Inc. 0.00% of their portfolio ATLANTA, GA 14,97015.0k $494.3k $494.3k 0.00% New
58 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 14,48114.5k $478.2k $478.2k 0.00% New
59 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 14,29014.3k $471.9k $471.9k 0.00% New
60 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 13,58713.6k $448.2k $448.2k 0.01% Added +7.4k +7,432
61 Kovack Advisors, Inc. 0.02% of their portfolio FT. LAUDERDALE, FL 12,35012.3k $408.2k $408.2k 0.02% Reduced -600 -600
62 Farringdon Capital, Ltd. 0.20% of their portfolio LONDON, X0 12,12312.1k $400.3k $400.3k 0.20% Added +1.6k +1,571
63 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.01% of their portfolio TOKYO, M0 12,00012.0k $396.2k $396.2k 0.01% Unchanged
64 TWO SIGMA SECURITIES, LLC 0.03% of their portfolio NEW YORK, NY 11,91911.9k $393.6k $393.6k 0.03% New
65 RW Investment Management LLC 0.03% of their portfolio Eagle, ID 11,63511.6k $384.2k $384.2k 0.03% Unchanged
66 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 10,95411.0k $361.6k $361.6k 0.00% Reduced -60.0k -59,968
67 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 9,7679.8k $322.0k $322.0k 0.00% Reduced -106.4k -106,358
68 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 9,1579.2k $302.4k $302.4k 0.00% Reduced -2.5k -2,462
69 Advanced Asset Management Advisors Inc 0.07% of their portfolio DUBLIN, OH 8,5008.5k $280.7k $280.7k 0.07% Unchanged
70 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 8,3658.4k $276.2k $276.2k 0.00% Reduced -402.9k -402,918
71 Walleye Trading LLC 0.00% of their portfolio NEW YORK, NY 8,2668.3k $272.9k $272.9k 0.00% New
72 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 8,0008.0k $264.2k $264.2k 0.00% New
73 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 8,0008.0k $264.2k $264.2k 0.00% Added +4.0k +4,000
74 Moors & Cabot, Inc. 0.01% of their portfolio BOSTON, MA 8,0008.0k $264.2k $264.2k 0.01% Added +1.5k +1,500
75 CITIZENS FINANCIAL GROUP INC/RI 0.00% of their portfolio PROVIDENCE, RI 7,8767.9k $260.1k $260.1k 0.00% Added +73 +73
76 Strategic Blueprint, LLC 0.01% of their portfolio ATLANTA, GA 7,6567.7k $252.8k $252.8k 0.01% New
77 EASTERLY INVESTMENT PARTNERS LLC 0.01% of their portfolio BEVERLY, MA 7,0007.0k $231.1k $231.1k 0.01% Unchanged
78 Beckerman Institutional, LLC 0.11% of their portfolio OCEAN GROVE, NJ 6,9366.9k $229.0k $229.0k 0.11% Unchanged
79 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,9006.9k $227.8k $227.8k 0.00% Unchanged
80 Oxbow Advisors, LLC 0.02% of their portfolio Austin, TX 6,2506.2k $206.4k $206.4k 0.02% Unchanged
81 VIMA LLC 0.17% of their portfolio TROY, MI 5,4025.4k $177.3k $177.3k 0.17% First filing
82 RAMSEY QUANTITATIVE SYSTEMS 0.14% of their portfolio LOUISVILLE, KY 4,8004.8k $158.5k $158.5k 0.14% New
83 ST GERMAIN D J CO INC 0.00% of their portfolio SPRINGFIELD, MA 2,7502.8k $90.8k $90.8k 0.00% Unchanged
84 WHITTIER TRUST CO OF NEVADA INC 0.00% of their portfolio RENO, NV 2,5002.5k $82.5k $82.5k 0.00% Unchanged
85 JTC Employer Solutions Trustee Ltd 0.01% of their portfolio ST HELIER, Y9 2,5002.5k $83.0k $83.0k 0.01% Unchanged
86 NVWM, LLC 0.01% of their portfolio YARDLEY, PA 2,0002.0k $66.0k $66.0k 0.01% Added +1.0k +1,000
87 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,7921.8k $59.2k $59.2k 0.00% Added +4 +4
88 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,6191.6k $53.5k $53.5k 0.00% Reduced -34.6k -34,592
89 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,5001.5k $49.5k $49.5k 0.00% New
90 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,4381.4k $47.5k $47.5k 0.00% New
91 NEW ENGLAND ASSET MANAGEMENT INC 0.01% of their portfolio FARMINGTON, CT 1,3751.4k $45.4k $45.4k 0.01% New
92 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 1,3701.4k $45.6k $45.6k 0.00% Unchanged
93 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 1,0661.1k $35.2k $35.2k 0.00% Reduced -18.5k -18,547
94 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,0081.0k $33.0k $33.0k 0.00% Added +1.0k +1,000
95 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 725725 $23.9k $23.9k 0.00% Unchanged
96 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 500500 $16.5k $16.5k 0.00% Reduced -300 -300
97 EFG International AG 0.00% of their portfolio Zurich, V8 500500 $16.5k $16.5k 0.00% New
98 Silver Grove Financial Group, Inc. 0.01% of their portfolio ORCHARD PARK, NY 500500 $16.5k $16.5k 0.01% New
99 NATIXIS 0.00% of their portfolio PARIS, I0 399399 $13.2k $13.2k 0.00% Unchanged
100 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 381381 $12.6k $12.6k 0.00% Unchanged