ProShares S&P 500 High Income ETF
ISPY
103 hedge funds and large institutions have $618M invested in ProShares S&P 500 High Income ETF in 2025 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 50 increasing their positions, 21 reducing their positions, and 8 closing their positions.
282% more capital inflows, than outflows
Capital inflows: $73.6M | Capital outflows: $19.3M
138% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 21
138% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 8
12% more funds holding
Funds holding: 92 → 103 (+11)
0.86% more ownership
Funds ownership: 61.26% → 62.12% (+0.86%)
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
|
+$9.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$8.65M |
| 5 |
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$2.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Howard Capital Management
Roswell,
Georgia
|
-$6.57M |
| 2 |
LPL Financial
San Diego,
California
|
-$3.71M |
| 3 |
Old Mission Capital
Chicago,
Illinois
|
-$1.69M |
| 4 |
MJP Associates
Farmington,
Connecticut
|
-$1.51M |
| 5 |
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$1.5M |
ISPY Hedge Fund Activity: Q3 2025 in Review
103 of the 7,661 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 $618M — up 17% from $529M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new ISPY positions and 8 closed out — a net gain of 11 holders — while 50 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.
- 103 institutional investors held ProShares S&P 500 High Income ETF (ISPY) as of Q3 2025, up from 92 in Q2 2025.
- Funds reported $618M 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.