ProShares S&P 500 High Income ETF
ISPY
100 hedge funds and large institutions have $616M invested in ProShares S&P 500 High Income ETF in 2025 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 49 increasing their positions, 21 reducing their positions, and 8 closing their positions.
138% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 8
133% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 21
17% more capital invested
Capital invested by funds: $528M → $616M (+$88.2M)
12% more funds holding
Funds holding: 89 → 100 (+11)
0.82% more ownership
Funds ownership: 61.18% → 62% (+0.82%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$18.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$12.8M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$9.59M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$8.65M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$2.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Howard Capital Management
Roswell,
Georgia
|
-$6.57M |
| 2 |
LPL Financial
San Diego,
California
|
-$3.71M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.69M |
| 4 |
MA
MJP Associates
Farmington,
Connecticut
|
-$1.51M |
| 5 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$1.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
101
Howard Capital Management
Roswell,
Georgia
| – | -$6.57M | -154,840 | Closed |
|
|
OMC
102
Old Mission Capital
Chicago,
Illinois
| – | -$1.69M | -39,920 | Closed |
|
103
Brown Advisory
Baltimore,
Maryland
| – | -$468K | -11,026 | Closed |
|
|
WIC
104
Woodmont Investment Counsel
Nashville,
Tennessee
| – | -$246K | -5,789 | Closed |
|
|
SWP
105
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$243K | -5,721 | Closed |
|
|
AWM
106
Atticus Wealth Management
Palm Beach Gardens,
Florida
| – | -$43 | -1 | Closed |
|
|
TRCT
107
Tower Research Capital (TRC)
New York
| – | -$42 | -1 | Closed |
|
ISPY Hedge Fund Activity: Q3 2025 in Review
100 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in ProShares S&P 500 High Income ETF (ISPY) for Q3 2025, worth a combined $616M — up 17% from $528M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new ISPY positions and 8 closed out — a net gain of 11 holders — while 49 added to existing stakes and 21 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $18.6M. The largest seller was Howard Capital Management, exiting entirely with an estimated $6.57M sold.
- 100 institutional investors held ProShares S&P 500 High Income ETF (ISPY) as of Q3 2025, up from 89 in Q2 2025.
- Funds reported $616M of ProShares S&P 500 High Income ETF stock for Q3 2025, up 17% quarter-over-quarter.
- 19 funds opened new ProShares S&P 500 High Income ETF positions in Q3 2025 and 8 closed out, a net change of +11 holders.
- The largest ProShares S&P 500 High Income ETF buyer in Q3 2025 was Morgan Stanley, an estimated $18.6M added.
- The largest ProShares S&P 500 High Income ETF seller in Q3 2025 was Howard Capital Management, an estimated $6.57M sold.
Based on aggregated 13F filings for Q3 2025.