Vault-13

PROSHARES TR QID

ULTRASHORT QQQ · ETP · CUSIP 74349Y829

40 institutional holders +3 vs Q3 2025
1,458,1261.5m shares reported held*
$29.5mreported value*
18 new 9 added 6 reduced 15 sold out net bought ≈ $9.5m (+470.1k 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 ($383.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.20. Options: 3 managers hold calls ($7.8m notional), 3 hold puts ($11.4m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 23: 1Q3 23: 1Q4 23: 0Q1 24: 3Q2 24: 31Q3 24: 31Q4 24: 35Q1 25: 48Q2 25: 36Q3 25: 37Q4 25: 4040Q2 23Q4 23Q2 24Q4 24Q2 25Q4 25
Numbers
QuarterHolders
Q2 20231
Q3 20231
Q4 20230
Q1 20243
Q2 202431
Q3 202431
Q4 202435
Q1 202548
Q2 202536
Q3 202537
Q4 202540

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 2 bought or addedQ1 24: 0 cut or sold outQ2 24: 31 bought or addedQ2 24: 2 cut or sold outQ2 24Q3 24: 16 bought or addedQ3 24: 13 cut or sold outQ4 24: 20 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 34 bought or addedQ1 25: 22 cut or sold outQ2 25: 18 bought or addedQ2 25: 30 cut or sold outQ2 25Q3 25: 24 bought or addedQ3 25: 17 cut or sold outQ4 25: 27 bought or addedQ4 25: 21 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202420
Q2 2024312
Q3 20241613
Q4 20242015
Q1 20253422
Q2 20251830
Q3 20252417
Q4 20252721

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ1 25 calls: $18.5mQ1 25 puts: $8.9mQ1 25P/C 0.48Q2 25 calls: $9.6mQ2 25 puts: $10.7mQ2 25P/C 1.11Q3 25 calls: $12.3mQ3 25 puts: $10.0mQ3 25P/C 0.81Q4 25 calls: $7.8mQ4 25 puts: $11.4mQ4 25P/C 1.45
Numbers
QuarterCallsPutsP/C
Q1 2025$18.5m$8.9m0.48
Q2 2025$9.6m$10.7m1.11
Q3 2025$12.3m$10.0m0.81
Q4 2025$7.8m$11.4m1.45

Biggest buyers

CITADEL ADVISORS LLC New +287,312+287.3k
HRT FINANCIAL LP New +169,234+169.2k
Jump Financial, LLC New +106,806+106.8k
Quadrature Capital Ltd New +70,663+70.7k
Hamilton Wealth, LLC New +54,598+54.6k
Hillsdale Investment Management Inc. New +34,100+34.1k
UBS Group AG Added +29,120+29.1k
DRW Securities, LLC Added +28,306+28.3k
Cambridge Investment Research Advisors, Inc. New +27,933+27.9k
SOUTHPORT MANAGEMENT, L.L.C. Added +25,000+25.0k

Biggest sellers

JANE STREET GROUP, LLC Sold out -135,332-135.3k
Pacific Point Advisors, LLC Sold out -100,000-100.0k
Canal Capital Management, LLC Sold out -46,852-46.9k
StoneX Group Inc. Sold out -29,111-29.1k
Squarepoint Ops LLC Reduced -22,551-22.6k
GTS SECURITIES LLC Sold out -22,490-22.5k
Integrated Advisors Network LLC Sold out -19,538-19.5k
XTX Topco Ltd Sold out -19,325-19.3k
Clear Harbor Asset Management, LLC Sold out -18,475-18.5k
MORGAN STANLEY Reduced -17,299-17.3k

Biggest calls

CITADEL ADVISORS LLC Reduced $4.0m199.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.3m162.4k shares
JANE STREET GROUP, LLC New $513.1k25.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.4m417.1k shares
JANE STREET GROUP, LLC Reduced $1.7m86.3k shares
CITADEL ADVISORS LLC Reduced $1.2m59.2k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 287,312287.3k $5.8m $5.8m 0.00% New
2 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 169,234169.2k $3.4m $3.4m 0.01% New
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 166,002166.0k $3.4m $3.4m 0.00% Reduced -11.0k -11,002
4 Jump Financial, LLC 0.03% of their portfolio Chicago, IL 106,806106.8k $2.2m $2.2m 0.03% New
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 99,31799.3k $2.0m $2.0m 0.00% Added +29.1k +29,120
6 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 70,66370.7k $1.4m $1.4m 0.01% New
7 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 65,06865.1k $1.3m $1.3m 0.02% Added +11.7k +11,721
8 DRW Securities, LLC 0.09% of their portfolio CHICAGO, IL 60,25660.3k $1.2m $1.2m 0.09% Added +28.3k +28,306
9 SOUTHPORT MANAGEMENT, L.L.C. 4.16% of their portfolio Wilson, WY 59,00059.0k $1.2m $1.2m 4.16% Added +25.0k +25,000
10 Hamilton Wealth, LLC 0.21% of their portfolio LOS ANGELES, CA 54,59854.6k $1.1m $1.1m 0.21% New
11 Tower Research Capital LLC (TRC) 0.02% of their portfolio NEW YORK, NY 34,12434.1k $689.3k $689.3k 0.02% Added +13.1k +13,099
12 Hillsdale Investment Management Inc. 0.02% of their portfolio Toronto, A6 34,10034.1k $688.8k $688.8k 0.02% New
13 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 27,93327.9k $564.0k $564.0k 0.00% New
14 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 23,33923.3k $471.4k $471.4k 0.01% Added +22.1k +22,106
15 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 21,59021.6k $436.1k $436.1k 0.00% New
16 Massar Capital Management, LP 0.08% of their portfolio STAMFORD, CT 19,83819.8k $400.7k $400.7k 0.08% New
17 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 19,34819.3k $390.8k $390.8k 0.01% Reduced -9.3k -9,285
18 Blueprint Investment Partners LLC 0.04% of their portfolio GREENSBORO, NC 19,00019.0k $383.8k $383.8k 0.04% Reduced -15.6k -15,600
19 Blueprint Financial Advisors LLC 0.06% of their portfolio GREENSBOTO, NC 19,00019.0k $383.8k $383.8k 0.06% Reduced -15.6k -15,600
20 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 18,80118.8k $379.8k $379.8k 0.00% Reduced -22.6k -22,551
21 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 16,69616.7k $337.0k $337.0k 0.01% New
22 Sierra Capital LLC 0.03% of their portfolio MIAMI, FL 14,25014.2k $288.0k $288.0k 0.03% New
23 Werba Rubin Papier Wealth Management 0.08% of their portfolio SAN JOSE, CA 14,00014.0k $282.8k $282.8k 0.08% New
24 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 10,95711.0k $221.3k $221.3k 0.00% Unchanged
25 TWO SIGMA SECURITIES, LLC 0.03% of their portfolio NEW YORK, NY 10,23510.2k $206.7k $206.7k 0.03% New
26 Laird Norton Wetherby Trust Company, LLC 0.00% of their portfolio Seattle, WA 10,10010.1k $204.0k $204.0k 0.00% New
27 NORDEN GROUP LLC 0.02% of their portfolio PROVO, UT 10,00010.0k $202.0k $202.0k 0.02% Unchanged
28 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 6,7966.8k $137.3k $137.3k 0.00% New
29 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,5012.5k $50.5k $50.5k 0.00% Reduced -17.3k -17,299
30 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,4002.4k $48.5k $48.5k 0.00% New
31 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 1,6561.7k $33.5k $33.5k 0.00% Added +179 +179
32 OAKWORTH CAPITAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 700700 $14.1k $14.1k 0.00% Added +200 +200
33 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 600600 $12.0k $12.0k 0.00% Unchanged
34 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 300300 $6.1k $6.1k 0.00% Unchanged
35 Daytona Street Capital LLC 0.00% of their portfolio SAINT LOUIS, MO 200200 $4.0k $4.0k 0.00% First filing
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 170170 $3.4k $3.4k 0.00% Unchanged
37 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 134134 $2.7k $2.7k 0.00% New
38 SWAN Capital LLC 0.00% of their portfolio PENSACOLA, FL 4444 $897 $897 0.00% Unchanged
39 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 4040 $808 $808 0.00% New
40 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 1818 $359 $359 0.00% Added +6 +6