ProShares UltraShort Gold
15 hedge funds and large institutions have $26.9M invested in ProShares UltraShort Gold in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 1 increasing their positions, 1 reducing their positions, and 6 closing their positions.
1,119% more call options, than puts
Call options by funds: $20.7M | Put options by funds: $1.7M
327% more capital invested
Capital invested by funds: $6.3M → $26.9M (+$20.6M)
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
88% more funds holding
Funds holding: 8 → 15 (+7)
49.11% more ownership
Funds ownership: 11.07% → 60.18% (+49%)
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$10.3M |
| 2 |
RA
Raffles Associates
New York
|
+$6.4M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$4.18M |
| 4 |
JF
Jump Financial
Chicago,
Illinois
|
+$1.67M |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$3.52M |
| 2 |
HW
Hamilton Wealth
Encino,
California
|
-$952K |
| 3 |
Morgan Stanley
New York
|
-$616K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$363K |
| 5 |
OP
ORG Partners
Roanoke,
Indiana
|
-$16.2K |
GLL Hedge Fund Activity: Q4 2025 in Review
15 of the 8,280 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort Gold (GLL) for Q4 2025, worth a combined $26.9M — up 327% from $6.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new GLL positions and 6 closed out — a net gain of 7 holders — while 1 added to existing stakes and 1 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $10.3M. The largest seller was Citadel Advisors, exiting entirely with an estimated $3.52M sold.
- 15 institutional investors held ProShares UltraShort Gold (GLL) as of Q4 2025, up from 8 in Q3 2025.
- Funds reported $26.9M of ProShares UltraShort Gold stock for Q4 2025, up 327% quarter-over-quarter.
- 13 funds opened new ProShares UltraShort Gold positions in Q4 2025 and 6 closed out, a net change of +7 holders.
- The largest ProShares UltraShort Gold buyer in Q4 2025 was Saba Capital Management, an estimated $10.3M added.
- The largest ProShares UltraShort Gold seller in Q4 2025 was Citadel Advisors, an estimated $3.52M sold.
Based on aggregated 13F filings for Q4 2025.