Vault-13

PROSHARES TR PSQ

SHORT QQQ · ETP · CUSIP 74349Y837

82 institutional holders -4 vs Q1 2025
4,746,7274.7m shares reported held*
$159.8mreported value*
24 new 27 added 20 reduced 30 sold out net sold ≈ $14.8m (-446.0k 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 ≈ $33.66. Options: 5 managers hold calls ($32.5m notional), 3 hold puts ($2.6m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 1Q4 22: 0Q1 23: 0Q2 23: 0Q3 23: 0Q4 23: 1Q1 24: 4Q2 24: 74Q3 24: 85Q4 24: 75Q1 25: 86Q2 25: 8282Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20221
Q4 20220
Q1 20230
Q2 20230
Q3 20230
Q4 20231
Q1 20244
Q2 202474
Q3 202485
Q4 202475
Q1 202586
Q2 202582

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 0 bought or addedQ4 22: 1 cut or sold outQ4 22Q1 24: 4 bought or addedQ1 24: 1 cut or sold outQ2 24: 69 bought or addedQ2 24: 4 cut or sold outQ2 24Q3 24: 54 bought or addedQ3 24: 35 cut or sold outQ4 24: 40 bought or addedQ4 24: 51 cut or sold outQ4 24Q1 25: 46 bought or addedQ1 25: 38 cut or sold outQ2 25: 51 bought or addedQ2 25: 50 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 202201
Q1 202441
Q2 2024694
Q3 20245435
Q4 20244051
Q1 20254638
Q2 20255150

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 24 calls: $7.3mQ3 24 puts: $4.3mQ3 24P/C 0.60Q4 24 calls: $5.1mQ4 24 puts: $1.7mQ4 24P/C 0.33Q1 25 calls: $3.7mQ1 25 puts: $2.3mQ1 25P/C 0.62Q2 25 calls: $32.5mQ2 25 puts: $2.6mQ2 25P/C 0.08
Numbers
QuarterCallsPutsP/C
Q3 2024$7.3m$4.3m0.60
Q4 2024$5.1m$1.7m0.33
Q1 2025$3.7m$2.3m0.62
Q2 2025$32.5m$2.6m0.08

Biggest buyers

MORGAN STANLEY Added +572,581+572.6k
JANE STREET GROUP, LLC Added +252,835+252.8k
CITADEL ADVISORS LLC Added +134,682+134.7k
Arkadios Wealth Advisors New +120,810+120.8k
STERLING INVESTMENT MANAGEMENT, LLC New +77,390+77.4k
Wakefield Asset Management LLLP Added +73,948+73.9k
Total Clarity Wealth Management, Inc. New +72,371+72.4k
AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP New +65,759+65.8k
Lattice Capital Management, LLC New +59,000+59.0k
Lesa Sroufe & Co New +58,501+58.5k

Biggest sellers

Kaydan Wealth Management, Inc. Sold out -282,399-282.4k
Quadrature Capital Ltd Sold out -226,360-226.4k
STABLEFORD CAPITAL II LLC Reduced -225,172-225.2k
HighTower Advisors, LLC Sold out -222,362-222.4k
LEUTHOLD GROUP, LLC Reduced -218,493-218.5k
Mirador Capital Partners LP Sold out -152,976-153.0k
IMC-Chicago, LLC Reduced -130,231-130.2k
SIMPLEX TRADING, LLC Reduced -109,412-109.4k
CITIZENS FINANCIAL GROUP INC/RI Reduced -108,014-108.0k
Reyes Financial Architecture, Inc. Reduced -84,815-84.8k

Biggest calls

CITADEL ADVISORS LLC Added $31.0m920.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.1m32.4k shares
JANE STREET GROUP, LLC Added $435.6k12.9k shares
Cornerstone Advisory, LLC New $11.0k27.5k shares
Global Retirement Partners, LLC First filing $1220.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $1.3m38.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $976.1k29.0k shares
JANE STREET GROUP, LLC New $309.7k9.2k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,040,6361.0m $35.0m $35.0m 0.00% Added +572.6k +572,581
2 SIMPLEX TRADING, LLC 0.35% of their portfolio CHICAGO, IL 385,908385.9k $13.0m $13.0m 0.35% Reduced -109.4k -109,412
3 ONE PLUS ONE WEALTH MANAGEMENT, LLC 5.44% of their portfolio JUPITER, FL 296,473296.5k $10.0m $10.0m 5.44% Added +10.3k +10,252
4 UBS Group AG 0.00% of their portfolio ZURICH, V8 275,056275.1k $9.3m $9.3m 0.00% Added +14.6k +14,573
5 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 261,618261.6k $8.8m $8.8m 0.01% Added +252.8k +252,835
6 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 171,838171.8k $5.8m $5.8m 0.01% Added +134.7k +134,682
7 Jump Financial, LLC 0.07% of their portfolio Chicago, IL 170,812170.8k $5.7m $5.7m 0.07% Reduced -27.1k -27,106
8 Wakefield Asset Management LLLP 1.49% of their portfolio Englewood, CO 158,103158.1k $5.3m $5.3m 1.49% Added +73.9k +73,948
9 Game Creek Capital, LP 2.29% of their portfolio BOSTON, MA 132,500132.5k $4.5m $4.5m 2.29% Added +2.5k +2,500
10 LEUTHOLD GROUP, LLC 0.49% of their portfolio MINNEAPOLIS, MN 122,369122.4k $4.1m $4.1m 0.49% Reduced -218.5k -218,493
11 Arkadios Wealth Advisors 0.12% of their portfolio ATLANTA, GA 120,810120.8k $4.1m $4.1m 0.12% New
12 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 116,318116.3k $3.9m $3.9m 0.01% Added +45.0k +44,998
13 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 112,538112.5k $3.8m $3.8m 0.00% Reduced -23.7k -23,734
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 111,570111.6k $3.8m $3.8m 0.01% Added +29 +29
15 Fiduciary Trust Co 0.04% of their portfolio Boston, MA 94,62594.6k $3.2m $3.2m 0.04% Added +6.4k +6,375
16 OPPENHEIMER & CO INC 0.04% of their portfolio NEW YORK, NY 80,87080.9k $2.7m $2.7m 0.04% Added +54.8k +54,769
17 STERLING INVESTMENT MANAGEMENT, LLC 1.72% of their portfolio TUCSON, AZ 77,39077.4k $2.6m $2.6m 1.72% New
18 Total Clarity Wealth Management, Inc. 0.70% of their portfolio ST. CHARLES, IL 72,37172.4k $2.4m $2.4m 0.70% New
19 Advisory Services Network, LLC 0.04% of their portfolio ATLANTA, GA 69,97770.0k $2.3m $2.3m 0.04% Added +17.1k +17,134
20 Hedges Asset Management LLC 1.82% of their portfolio RENO, NV 67,20067.2k $2.3m $2.3m 1.82% Reduced -14.8k -14,800
21 AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP 1.44% of their portfolio HINGHAM, MA 65,75965.8k $2.2m $2.2m 1.44% New
22 Lattice Capital Management, LLC 2.19% of their portfolio KIRKLAND, WA 59,00059.0k $2.0m $2.0m 2.19% New
23 Private Harbour Investment Management & Counsel, LLC 2.04% of their portfolio SAGAMORE HILLS, OH 58,53958.5k $2.0m $2.0m 2.04% Reduced -524 -524
24 Lesa Sroufe & Co 1.81% of their portfolio SEATTLE, WA 58,50158.5k $2.0m $2.0m 1.81% New
25 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 49,61949.6k $1.7m $1.7m 0.00% Added +33.7k +33,659
26 Per Stirling Capital Management, LLC. 0.19% of their portfolio AUSTIN, TX 44,30344.3k $1.5m $1.5m 0.19% Added +27.4k +27,368
27 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 30,57130.6k $1.0m $1.0m 0.01% Reduced -5.3k -5,252
28 Robinson Value Management, Ltd. 0.60% of their portfolio SAN ANTONIO, TX 28,28228.3k $952.0k $952.0k 0.60% New
29 TWO SIGMA SECURITIES, LLC 0.12% of their portfolio NEW YORK, NY 28,10228.1k $945.9k $945.9k 0.12% Added +867 +867
30 Tower Research Capital LLC (TRC) 0.02% of their portfolio NEW YORK, NY 27,21427.2k $916.0k $916.0k 0.02% New
31 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 25,00025.0k $841.5k $841.5k 0.01% New
32 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 24,75924.8k $833.4k $833.4k 0.01% Added +6.0k +5,965
33 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 22,80822.8k $767.7k $767.7k 0.03% New
34 Reyes Financial Architecture, Inc. 0.64% of their portfolio SAN DIEGO, CA 22,07722.1k $743.1k $743.1k 0.64% Reduced -84.8k -84,815
35 B. Riley Wealth Advisors, Inc. 0.03% of their portfolio MEMPHIS, TN 18,88018.9k $635.5k $635.5k 0.03% Reduced -29 -29
36 Fox Hill Wealth Management 0.31% of their portfolio DEDHAM, MA 18,15318.2k $611.0k $611.0k 0.31% Added +3.2k +3,220
37 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 17,11617.1k $576.1k $576.1k 0.00% Reduced -23.9k -23,895
38 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 13,84113.8k $465.9k $465.9k 0.01% Reduced -130.2k -130,231
39 RWA WEALTH PARTNERS, LLC 0.01% of their portfolio BOSTON, MA 13,00013.0k $437.6k $437.6k 0.01% New
40 RW Investment Management LLC 0.05% of their portfolio Eagle, ID 12,73012.7k $428.5k $428.5k 0.05% Unchanged
41 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 12,67212.7k $426.5k $426.5k 0.00% New
42 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 12,60812.6k $424.4k $424.4k 0.01% Reduced -134 -134
43 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 9,5619.6k $327.0k $327.0k 0.00% Added +2.3k +2,337
44 CITIZENS FINANCIAL GROUP INC/RI 0.00% of their portfolio PROVIDENCE, RI 8,7568.8k $298.2k $298.2k 0.00% Reduced -108.0k -108,014
45 EASTERN BANK 0.01% of their portfolio BOSTON, MA 8,6428.6k $290.9k $290.9k 0.01% Reduced -1.3k -1,304
46 STABLEFORD CAPITAL II LLC 0.10% of their portfolio SCOTTSDALE, AZ 8,0008.0k $263.7k $263.7k 0.10% Reduced -225.2k -225,172
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,9598.0k $267.9k $267.9k 0.00% Added +5.2k +5,216
48 HCR Wealth Advisors 0.03% of their portfolio LOS ANGELES, CA 7,8007.8k $262.5k $262.5k 0.03% New
49 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,7907.8k $262.2k $262.2k 0.00% New
50 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 7,5597.6k $254.4k $254.4k 0.01% Reduced -114 -114
51 Empowered Funds, LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 7,5447.5k $253.9k $253.9k 0.00% New
52 CWA Asset Management Group, LLC 0.01% of their portfolio NAPLES, FL 7,1427.1k $240.4k $240.4k 0.01% New
53 EASTERLY INVESTMENT PARTNERS LLC 0.02% of their portfolio BEVERLY, MA 7,0007.0k $235.6k $235.6k 0.02% Unchanged
54 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 6,6706.7k $225.9k $225.9k 0.01% New
55 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 6,6286.6k $223.0k $223.0k 0.00% Added +85 +85
56 Auour Investments LLC 0.08% of their portfolio WOBURN, MA 6,6226.6k $222.9k $222.9k 0.08% Added +1.2k +1,194
57 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 6,4856.5k $218.3k $218.3k 0.00% Added +846 +846
58 WEST MICHIGAN ADVISORS, LLC 0.06% of their portfolio HOLLAND, MI 6,4646.5k $220.2k $220.2k 0.06% New
59 Maltin Wealth Management, Inc. 0.10% of their portfolio RIDGEWOOD, NJ 6,3976.4k $215.3k $215.3k 0.10% Added +300 +300
60 Avior Wealth Management, LLC 0.01% of their portfolio OMAHA, NE 6,1506.2k $207.0k $207.0k 0.01% New
61 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 3,2283.2k $108.7k $108.7k 0.00% First filing
62 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,5171.5k $51.1k $51.1k 0.00% Added +902 +902
63 Union Bancaire Privee, UBP SA 0.00% of their portfolio GENEVA 1, V8 1,0001.0k $27.1k $27.1k 0.00% New
64 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 890890 $29.9k $29.9k 0.00% Added +2 +2
65 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 885885 $29.8k $29.8k 0.00% Added +849 +849
66 Lowe Wealth Advisors, LLC 0.01% of their portfolio COLUMBIA, MD 700700 $23.6k $23.6k 0.01% New
67 COMERICA BANK 0.00% of their portfolio DALLAS, TX 550550 $18.5k $18.5k 0.00% New
68 Financial Management Professionals, Inc. 0.00% of their portfolio AUSTIN, TX 400400 $13.6k $13.6k 0.00% Unchanged
69 ORG Partners LLC 0.00% of their portfolio ROANOKE, IN 393393 $13.3k $13.3k 0.00% New
70 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 382382 $12.9k $12.9k 0.00% Reduced -95 -95
71 Solstein Capital, LLC 0.01% of their portfolio Menlo Park, CA 346346 $11.6k $11.6k 0.01% Reduced -253 -253
72 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 255255 $8.6k $8.6k 0.00% Unchanged
73 WFA of San Diego, LLC 0.00% of their portfolio SAN DIEGO, CA 155155 $5.2k $5.2k 0.00% First filing
74 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 141141 $4.7k $4.7k 0.00% Reduced -164 -164
75 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 100100 $3.0k $3.0k 0.00% Unchanged
76 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 2626 $875 $875 0.00% Unchanged
77 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 2121 $707 $707 0.00% New
78 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2020 $673 $673 0.00% Reduced -4 -4
79 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 1616 $539 $539 0.00% Added +3 +3
80 Quest 10 Wealth Builders, Inc. 0.00% of their portfolio Fuquay-Varina, VA 99 $303 $303 0.00% Unchanged
81 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 88 $283 $283 0.00% Unchanged
82 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged