Vault-13

PROSHARES TR PSQ

SHORT QQQ · ETP · CUSIP 74349Y837

94 institutional holders +14 vs Q4 2025
11,282,32511.3m shares reported held*
$362.9mreported value*
34 new 24 added 14 reduced 19 sold out net bought ≈ $191.1m (+5.9m 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 ≈ $32.16. Options: 4 managers hold calls ($7.7m notional), 2 hold puts ($9.2m).

Trends to Q1 2026

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: 82Q3 25: 75Q4 25: 80Q1 26: 9494Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 202575
Q4 202580
Q1 202694

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 69 bought or addedQ2 24: 4 cut or sold outQ3 24: 54 bought or addedQ3 24: 35 cut or sold outQ3 24Q4 24: 40 bought or addedQ4 24: 51 cut or sold outQ1 25: 46 bought or addedQ1 25: 38 cut or sold outQ1 25Q2 25: 51 bought or addedQ2 25: 50 cut or sold outQ3 25: 41 bought or addedQ3 25: 37 cut or sold outQ3 25Q4 25: 43 bought or addedQ4 25: 44 cut or sold outQ1 26: 58 bought or addedQ1 26: 33 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024694
Q3 20245435
Q4 20244051
Q1 20254638
Q2 20255150
Q3 20254137
Q4 20254344
Q1 20265833

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ2 25 calls: $32.5mQ2 25 puts: $2.6mQ2 25P/C 0.08Q3 25 calls: $27.1mQ3 25 puts: $4.7mQ3 25P/C 0.18Q4 25 calls: $26.5mQ4 25 puts: $655.3kQ4 25P/C 0.02Q1 26 calls: $7.7mQ1 26 puts: $9.2mQ1 26P/C 1.21
Numbers
QuarterCallsPutsP/C
Q2 2025$32.5m$2.6m0.08
Q3 2025$27.1m$4.7m0.18
Q4 2025$26.5m$655.3k0.02
Q1 2026$7.7m$9.2m1.21

Biggest buyers

MORGAN STANLEY Added +4,237,586+4.2m
Ryan Investment Management, Inc. New +1,065,625+1.1m
FOURPATH CAPITAL MANAGEMENT, LLC New +552,024+552.0k
Arkadios Wealth Advisors New +295,809+295.8k
Deane Retirement Strategies, Inc. New +295,660+295.7k
RENAISSANCE TECHNOLOGIES LLC New +261,200+261.2k
Gunderson Capital Management LLC New +144,169+144.2k
CIBC WORLD MARKET INC. New +143,101+143.1k
HighTower Advisors, LLC New +104,080+104.1k
ONE PLUS ONE WEALTH MANAGEMENT, LLC Added +97,522+97.5k

Biggest sellers

UBS Group AG Reduced -877,369-877.4k
CITADEL ADVISORS LLC Sold out -306,489-306.5k
Jump Financial, LLC Reduced -233,830-233.8k
Balyasny Asset Management L.P. Sold out -164,258-164.3k
IHT Wealth Management, LLC Sold out -145,000-145.0k
WHITTIER TRUST CO Sold out -135,227-135.2k
Wakefield Asset Management LLLP Sold out -110,054-110.1k
JANE STREET GROUP, LLC Sold out -85,785-85.8k
Tower Research Capital LLC (TRC) Reduced -51,833-51.8k
HRT FINANCIAL LP Sold out -41,521-41.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.1m97.0k shares
JANE STREET GROUP, LLC New $3.1m96.8k shares
CITADEL ADVISORS LLC Reduced $1.4m44.1k shares
FNY Investment Advisers, LLC New $030 shares

Biggest puts

CITADEL ADVISORS LLC New $5.9m184.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.3m102.3k 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 0.01% of their portfolio NEW YORK, NY 4,811,2404.8m $154.9m $154.9m 0.01% Added +4.2m +4,237,586
2 Ryan Investment Management, Inc. 19.29% of their portfolio BASALT, CO 1,065,6251.1m $34.3m $34.3m 19.29% New
3 FOURPATH CAPITAL MANAGEMENT, LLC 2.55% of their portfolio OKLAHOMA CITY, OK 552,024552.0k $17.8m $17.8m 2.55% New
4 ONE PLUS ONE WEALTH MANAGEMENT, LLC 7.25% of their portfolio JUPITER, FL 533,840533.8k $17.2m $17.2m 7.25% Added +97.5k +97,522
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 506,979507.0k $16.3m $16.3m 0.00% Reduced -877.4k -877,369
6 Arkadios Wealth Advisors 0.16% of their portfolio ATLANTA, GA 295,809295.8k $9.5m $9.5m 0.16% New
7 Deane Retirement Strategies, Inc. 3.83% of their portfolio NEW ORLEANS, LA 295,660295.7k $9.5m $9.5m 3.83% New
8 Game Creek Capital, LP 3.29% of their portfolio BOSTON, MA 266,250266.2k $8.6m $8.6m 3.29% Added +52.5k +52,500
9 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 261,200261.2k $8.4m $8.4m 0.01% New
10 Fiduciary Trust Co 0.08% of their portfolio Boston, MA 197,625197.6k $6.4m $6.4m 0.08% Added +41.4k +41,375
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 193,789193.8k $6.2m $6.2m 0.00% Added +95.8k +95,817
12 Gunderson Capital Management LLC 1.94% of their portfolio Mt. Pleasant, SC 144,169144.2k $4.6m $4.6m 1.94% New
13 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 143,101143.1k $4.6m $4.6m 0.01% New
14 LEUTHOLD GROUP, LLC 0.42% of their portfolio MINNEAPOLIS, MN 121,245121.2k $3.9m $3.9m 0.42% Added +8.4k +8,372
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 114,314114.3k $3.7m $3.7m 0.00% Added +93.2k +93,232
16 Lesa Sroufe & Co 2.38% of their portfolio SEATTLE, WA 108,715108.7k $3.5m $3.5m 2.38% Added +45.0k +45,005
17 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 104,080104.1k $3.4m $3.4m 0.00% New
18 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 89,87789.9k $2.9m $2.9m 0.01% New
19 Camarda Financial Advisors, LLC 1.47% of their portfolio FLEMING ISLAND, FL 86,72286.7k $2.8m $2.8m 1.47% Added +45.7k +45,684
20 J2 Capital Management Inc 1.86% of their portfolio TROY, MI 84,42484.4k $2.7m $2.7m 1.86% New
21 Stratos Wealth Partners, LTD. 0.03% of their portfolio BEACHWOOD, OH 75,59075.6k $2.4m $2.4m 0.03% New
22 Per Stirling Capital Management, LLC. 0.25% of their portfolio AUSTIN, TX 71,54971.5k $2.3m $2.3m 0.25% Reduced -3.5k -3,516
23 AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP 1.21% of their portfolio HINGHAM, MA 65,05565.1k $2.1m $2.1m 1.21% Reduced -24.5k -24,514
24 Savior LLC 7.18% of their portfolio WELLESLEY HILLS, MA 62,56162.6k $2.0m $2.0m 7.18% Added +15.6k +15,637
25 Generation Capital Management LLC 1.39% of their portfolio PITTSFORD, NY 59,20059.2k $1.9m $1.9m 1.39% New
26 Lattice Capital Management, LLC 3.29% of their portfolio KIRKLAND, WA 59,00059.0k $1.9m $1.9m 3.29% Unchanged
27 Vigilare Wealth Management 0.58% of their portfolio SCOTTSDALE, AZ 53,34053.3k $1.7m $1.7m 0.58% New
28 Private Harbour Investment Management & Counsel, LLC 1.88% of their portfolio SAGAMORE HILLS, OH 53,08553.1k $1.7m $1.7m 1.88% Reduced -706 -706
29 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 52,34152.3k $1.7m $1.7m 0.02% Added +52.3k +52,335
30 CreativeOne Wealth, LLC 0.03% of their portfolio OVERLAND PARK, KS 45,00045.0k $1.4m $1.4m 0.03% New
31 Ballew Advisors, Inc 0.71% of their portfolio Jackson, MS 41,46941.5k $1.3m $1.3m 0.71% Added +2.3k +2,275
32 Simplicity Wealth,LLC 0.07% of their portfolio SUMMIT, NJ 39,41039.4k $1.3m $1.3m 0.07% Added +184 +184
33 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 37,79237.8k $1.2m $1.2m 0.01% Reduced -679 -679
34 MGO ONE SEVEN LLC 0.02% of their portfolio Beachwood, OH 31,84731.8k $1.0m $1.0m 0.02% Added +22.5k +22,539
35 Maltin Wealth Management, Inc. 0.39% of their portfolio RIDGEWOOD, NJ 31,34531.3k $1.0m $1.0m 0.39% Added +7.6k +7,634
36 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 30,69030.7k $987.9k $987.9k 0.01% Reduced -8.3k -8,310
37 U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio AUSTIN, TX 28,50028.5k $917.4k $917.4k 0.02% Unchanged
38 Headlands Technologies LLC 0.10% of their portfolio CHICAGO, IL 28,00028.0k $901.3k $901.3k 0.10% New
39 Belvedere Trading LLC 0.11% of their portfolio CHICAGO, IL 26,57926.6k $855.6k $855.6k 0.11% New
40 TWO SIGMA SECURITIES, LLC 0.10% of their portfolio NEW YORK, NY 25,51325.5k $821.3k $821.3k 0.10% Reduced -37.7k -37,699
41 Synergy Asset Management, LLC 0.09% of their portfolio VANCOUVER, WA 25,06025.1k $806.7k $806.7k 0.09% New
42 COOPER INVESTORS PTY LTD 0.30% of their portfolio MELBOURNE, VICTORIA, C3 22,97923.0k $739.7k $739.7k 0.30% New
43 Bison Wealth, LLC 0.06% of their portfolio ATLANTA, GA 22,12222.1k $576.9k $576.9k 0.06% Unchanged
44 HCR Wealth Advisors 0.07% of their portfolio LOS ANGELES, CA 21,00021.0k $676.0k $676.0k 0.07% New
45 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 20,63920.6k $664.4k $664.4k 0.01% Added +8.3k +8,339
46 F&V Capital Management, LLC 0.14% of their portfolio BOCA RATON, FL 19,85019.9k $639.0k $639.0k 0.14% Added +4.8k +4,850
47 Arax Advisory Partners 0.02% of their portfolio NEW YORK, NY 18,22018.2k $586.5k $586.5k 0.02% Unchanged
48 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 17,25017.2k $555.3k $555.3k 0.00% Added +845 +845
49 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 16,84716.8k $542.3k $542.3k 0.01% New
50 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.06% of their portfolio CONCORD, MA 14,67014.7k $472.2k $472.2k 0.06% New
51 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 13,90813.9k $447.7k $447.7k 0.01% New
52 RW Investment Management LLC 0.04% of their portfolio Eagle, ID 12,92012.9k $415.9k $415.9k 0.04% First filing
53 Auour Investments LLC 0.13% of their portfolio WOBURN, MA 12,64612.6k $407.1k $407.1k 0.13% Added +1.6k +1,583
54 Axiom Investment Management LLC 0.27% of their portfolio NEW YORK, NY 11,00011.0k $354.1k $354.1k 0.27% First filing
55 Fox Hill Wealth Management 0.17% of their portfolio DEDHAM, MA 10,85910.9k $349.5k $349.5k 0.17% Added +795 +795
56 Kovack Advisors, Inc. 0.02% of their portfolio FT. LAUDERDALE, FL 9,5839.6k $305.3k $305.3k 0.02% Added +655 +655
57 Reyes Financial Architecture, Inc. 0.25% of their portfolio SAN DIEGO, CA 9,5629.6k $307.8k $307.8k 0.25% Reduced -16.4k -16,360
58 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 9,3249.3k $300.1k $300.1k 0.00% Reduced -233.8k -233,830
59 CITIZENS FINANCIAL GROUP INC/RI 0.00% of their portfolio PROVIDENCE, RI 9,1129.1k $293.3k $293.3k 0.00% Reduced -6.5k -6,458
60 Ancora Advisors LLC 0.01% of their portfolio Cleveland, OH 9,1009.1k $292.9k $292.9k 0.01% New
61 SEEDS INVESTOR LLC 0.03% of their portfolio NEW YORK, NY 8,3898.4k $248.2k $248.2k 0.03% New
62 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 8,3278.3k $268.0k $268.0k 0.01% New
63 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 7,7657.8k $257.2k $257.2k 0.00% Reduced -1.6k -1,641
64 SeaBridge Investment Advisors LLC 0.04% of their portfolio SUMMIT, NJ 7,5007.5k $241.4k $241.4k 0.04% New
65 Tevis Investment Management 0.14% of their portfolio PLANO, TX 7,5007.5k $241.4k $241.4k 0.14% New
66 Intellectus Partners, LLC 0.05% of their portfolio SAN FRANCISCO, CA 6,8816.9k $221.5k $221.5k 0.05% Unchanged
67 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 6,8696.9k $228.8k $228.8k 0.01% Unchanged
68 Strategic Blueprint, LLC 0.01% of their portfolio ATLANTA, GA 6,3346.3k $203.9k $203.9k 0.01% New
69 Union Bancaire Privee, UBP SA 0.00% of their portfolio GENEVA 1, V8 5,0005.0k $133.2k $133.2k 0.00% Unchanged
70 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 3,6003.6k $115.9k $115.9k 0.00% New
71 Banque Cantonale Vaudoise 0.00% of their portfolio LAUSANNE, V8 3,2243.2k $104.0k $104.0k 0.00% New
72 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,6322.6k $87.7k $87.7k 0.00% Reduced -639 -639
73 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 1,1461.1k $36.9k $36.9k 0.00% Added +250 +250
74 Lodestone Wealth Management LLC 0.01% of their portfolio SPOKANE, WA 797797 $25.7k $25.7k 0.01% Unchanged
75 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 700700 $22.5k $22.5k 0.00% Unchanged
76 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 615615 $19.8k $19.8k 0.00% Unchanged
77 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 611611 $19.7k $19.7k 0.00% Added +3 +3
78 Ascentis Independent Advisors 0.00% of their portfolio DALLAS, TX 589589 $19.0k $19.0k 0.00% New
79 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 500500 $16.1k $16.1k 0.00% New
80 Financial Management Professionals, Inc. 0.00% of their portfolio AUSTIN, TX 400400 $12.9k $12.9k 0.00% Unchanged
81 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 382382 $12.3k $12.3k 0.00% Unchanged
82 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 273273 $8.8k $8.8k 0.00% Reduced -51.8k -51,833
83 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 255255 $8.2k $8.2k 0.00% Unchanged
84 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 245245 $8.0k $8.0k 0.00% New
85 SHP Wealth Management 0.00% of their portfolio PLYMOUTH, MA 118118 $3.8k $3.8k 0.00% Unchanged
86 Wilkerson Advisory Group LLC 0.00% of their portfolio COLUMBIA, MO 103103 $3.3k $3.3k 0.00% Unchanged
87 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 100100 $3.2k $3.2k 0.00% Unchanged
88 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 9393 $3.0k $3.0k 0.00% Added +47 +47
89 WFA of San Diego, LLC 0.00% of their portfolio SAN DIEGO, CA 7070 $2.3k $2.3k 0.00% Reduced -10 -10
90 MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADV 0.00% of their portfolio CARLSBAD, CA 5050 $1.6k $1.6k 0.00% Unchanged
91 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 2626 $837 $837 0.00% Unchanged
92 FINANCIAL CONSULATE, INC 0.00% of their portfolio HUNT VALLEY, MD 1111 $355 $355 0.00% New
93 Quest 10 Wealth Builders, Inc. 0.00% of their portfolio Fuquay-Varina, VA 99 $290 $290 0.00% Unchanged
94 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 66 $193 $193 0.00% Unchanged