ProShares S&P 500 High Income ETF
ISPY
82 hedge funds and large institutions have $486M invested in ProShares S&P 500 High Income ETF in 2025 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 43 increasing their positions, 14 reducing their positions, and 8 closing their positions.
207% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 14
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
138% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 8
46% more capital invested
Capital invested by funds: $332M → $486M (+$154M)
11% more funds holding
Funds holding: 74 → 82 (+8)
1.66% less ownership
Funds ownership: 67.48% → 65.82% (-1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$90.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$36.6M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$17.5M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$10.2M |
| 5 |
LPL Financial
San Diego,
California
|
+$7.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$14.9M |
| 2 |
Goldman Sachs
New York
|
-$3.1M |
| 3 |
Barclays
London,
United Kingdom
|
-$2.66M |
| 4 |
SW
SteelPeak Wealth
Woodland Hills,
California
|
-$575K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$452K |
ISPY Hedge Fund Activity: Q1 2025 in Review
82 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in ProShares S&P 500 High Income ETF (ISPY) for Q1 2025, worth a combined $486M — up 46% from $332M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new ISPY positions and 8 closed out — a net gain of 11 holders — while 43 added to existing stakes and 14 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $90.5M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $14.9M.
- 82 institutional investors held ProShares S&P 500 High Income ETF (ISPY) as of Q1 2025, up from 74 in Q4 2024.
- Funds reported $486M of ProShares S&P 500 High Income ETF stock for Q1 2025, up 46% quarter-over-quarter.
- 19 funds opened new ProShares S&P 500 High Income ETF positions in Q1 2025 and 8 closed out, a net change of +11 holders.
- The largest ProShares S&P 500 High Income ETF buyer in Q1 2025 was Morgan Stanley, an estimated $90.5M added.
- The largest ProShares S&P 500 High Income ETF seller in Q1 2025 was Hennion & Walsh Asset Management, an estimated $14.9M sold.
Based on aggregated 13F filings for Q1 2025.