Vault-13

PROSHARES TR SPXU

ULTRAPRO SHORT S · ETP · CUSIP 74349Y845

42 institutional holders +3 vs Q3 2024
2,301,1682.3m shares reported held*
$51.9mreported value*
12 new 7 added 9 reduced 10 sold out net bought ≈ $27.5m (+1.2m 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 ≈ $22.56. Options: 5 managers hold calls ($29.3m notional), 5 hold puts ($8.8m).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q1 23: 1Q2 23: 1Q3 23: 1Q4 23: 0Q1 24: 6Q2 24: 35Q3 24: 39Q4 24: 4242Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q1 20231
Q2 20231
Q3 20231
Q4 20230
Q1 20246
Q2 202435
Q3 202439
Q4 202442

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 0 bought or addedQ2 23: 0 cut or sold outQ2 23Q3 23: 0 bought or addedQ3 23: 0 cut or sold outQ4 23: 0 bought or addedQ4 23: 1 cut or sold outQ4 23Q1 24: 5 bought or addedQ1 24: 0 cut or sold outQ2 24: 31 bought or addedQ2 24: 6 cut or sold outQ2 24Q3 24: 19 bought or addedQ3 24: 17 cut or sold outQ4 24: 19 bought or addedQ4 24: 19 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q2 202300
Q3 202300
Q4 202301
Q1 202450
Q2 2024316
Q3 20241917
Q4 20241919

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ1 24 calls: $0Q1 24 puts: $0Q1 24P/C —Q2 24 calls: $33.0mQ2 24 puts: $8.7mQ2 24P/C 0.26Q3 24 calls: $36.8mQ3 24 puts: $8.3mQ3 24P/C 0.22Q4 24 calls: $29.3mQ4 24 puts: $8.8mQ4 24P/C 0.30
Numbers
QuarterCallsPutsP/C
Q1 2024$0$0—
Q2 2024$33.0m$8.7m0.26
Q3 2024$36.8m$8.3m0.22
Q4 2024$29.3m$8.8m0.30

Biggest buyers

Cadent Capital Advisors, LLC New +505,081+505.1k
CITADEL ADVISORS LLC Added +207,462+207.5k
Ridgepath Capital Management LLC New +182,507+182.5k
AXXCESS WEALTH MANAGEMENT, LLC New +182,507+182.5k
GTS SECURITIES LLC Added +161,685+161.7k
IMC-Chicago, LLC Added +111,776+111.8k
Headlands Technologies LLC New +72,206+72.2k
TWO SIGMA SECURITIES, LLC New +31,983+32.0k
Sollinda Capital Management LLC New +27,153+27.2k
Integrated Advisors Network LLC Added +12,900+12.9k

Biggest sellers

Squarepoint Ops LLC Reduced -58,703-58.7k
DRW Securities, LLC Sold out -44,975-45.0k
UBS Group AG Reduced -36,959-37.0k
Per Stirling Capital Management, LLC. Sold out -28,193-28.2k
Tower Research Capital LLC (TRC) Reduced -21,423-21.4k
Walleye Capital LLC Sold out -19,200-19.2k
WOLVERINE TRADING, LLC Sold out -17,614-17.6k
Jump Financial, LLC Sold out -16,469-16.5k
MORGAN STANLEY Reduced -14,071-14.1k
MONTCHANIN ASSET MANAGEMENT, LLC Sold out -14,060-14.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $16.9m748.3k shares
CITADEL ADVISORS LLC Added $8.0m357.1k shares
WOLVERINE TRADING, LLC Reduced $2.7m120.1k shares
JANE STREET GROUP, LLC Reduced $1.8m77.8k shares
UBS Group AG Unchanged $2.3k100 shares

Biggest puts

CITADEL ADVISORS LLC Added $4.0m179.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.6m72.5k shares
JANE STREET GROUP, LLC Added $1.2m52.2k shares
WOLVERINE TRADING, LLC Reduced $1.2m52.7k shares
Squarepoint Ops LLC New $768.3k34.1k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Cadent Capital Advisors, LLC 3.97% of their portfolio TULSA, OK 505,081505.1k $11.4m $11.4m 3.97% New
2 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 474,031474.0k $10.7m $10.7m 0.01% Added +207.5k +207,462
3 IMC-Chicago, LLC 0.13% of their portfolio CHICAGO, IL 210,483210.5k $4.7m $4.7m 0.13% Added +111.8k +111,776
4 GTS SECURITIES LLC 0.21% of their portfolio NEW YORK, NY 193,203193.2k $4.4m $4.4m 0.21% Added +161.7k +161,685
5 AXXCESS WEALTH MANAGEMENT, LLC 0.10% of their portfolio CARLSBAD, CA 182,507182.5k $4.1m $4.1m 0.10% New
6 Ridgepath Capital Management LLC 1.89% of their portfolio Knoxville, TN 182,507182.5k $4.1m $4.1m 1.89% New
7 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 89,51489.5k $2.0m $2.0m 0.01% Reduced -58.7k -58,703
8 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 76,59876.6k $1.7m $1.7m 0.00% Reduced -2.0k -1,976
9 Headlands Technologies LLC 0.16% of their portfolio CHICAGO, IL 72,20672.2k $1.6m $1.6m 0.16% New
10 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 70,76070.8k $1.6m $1.6m 0.00% Added +1.7k +1,710
11 Tower Research Capital LLC (TRC) 0.02% of their portfolio NEW YORK, NY 39,55239.6k $891.1k $891.1k 0.02% Reduced -21.4k -21,423
12 GW HENSSLER & ASSOCIATES LTD 0.05% of their portfolio KENNESAW, GA 36,63236.6k $887.6k $887.6k 0.05% Unchanged
13 TWO SIGMA SECURITIES, LLC 0.13% of their portfolio NEW YORK, NY 31,98332.0k $720.6k $720.6k 0.13% New
14 Sollinda Capital Management LLC 0.17% of their portfolio HICKORY, NC 27,15327.2k $611.8k $611.8k 0.17% New
15 Integrated Advisors Network LLC 0.03% of their portfolio DALLAS, TX 23,50023.5k $529.5k $529.5k 0.03% Added +12.9k +12,900
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 16,58416.6k $373.6k $373.6k 0.00% Reduced -37.0k -36,959
17 Scientech Research LLC 0.08% of their portfolio JERSEY CITY, NJ 12,64412.6k $284.9k $284.9k 0.08% New
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11,54211.5k $260.1k $260.1k 0.00% Reduced -14.1k -14,071
19 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 11,29911.3k $254.6k $254.6k 0.00% Reduced -998 -998
20 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 11,10911.1k $250.0k $250.0k 0.01% New
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 8,9158.9k $200.9k $200.9k 0.00% New
22 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 4,4584.5k $100.4k $100.4k 0.01% Reduced -8.0k -7,969
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,2004.2k $94.6k $94.6k 0.00% Reduced -3.6k -3,600
24 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,7032.7k $60.9k $60.9k 0.00% Unchanged
25 Safe Harbor Fiduciary, LLC 0.02% of their portfolio PENSACOLA, FL 778778 $17.5k $17.5k 0.02% Reduced -13 -13
26 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 622622 $14.0k $14.0k 0.00% Added +1 +1
27 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 244244 $5.5k $5.5k 0.00% First filing
28 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 114114 $2.6k $2.6k 0.00% New
29 AMERICAN NATIONAL BANK & TRUST 0.00% of their portfolio WICHITA FALLS, TX 4848 $1.1k $1.1k 0.00% Unchanged
30 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 4343 $969 $969 0.00% Unchanged
31 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 3232 $721 $721 0.00% Unchanged
32 Legacy Investment Solutions, LLC 0.00% of their portfolio BOISE, ID 3030 $633 $633 0.00% Unchanged
33 Legacy Wealth Managment, LLC/ID 0.00% of their portfolio BOISE, ID 3030 $633 $633 0.00% Unchanged
34 Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio ORLAND PARK, IL 2020 $451 $451 0.00% Unchanged
35 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1212 $270 $270 0.00% Unchanged
36 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1212 $267 $267 0.00% Unchanged
37 WR Wealth Planners, LLC 0.00% of their portfolio COLUMBIA, MO 88 $180 $180 0.00% Unchanged
38 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 66 $135 $135 0.00% Unchanged
39 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 44 $82 $82 0.00% New
40 Activest Wealth Management 0.00% of their portfolio AVENTURA, FL 11 $22 $22 0.00% Added +1 +1
41 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged
42 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% New