ProShares S&P 500 High Income ETF
ISPY
113 hedge funds and large institutions have $737M invested in ProShares S&P 500 High Income ETF in 2025 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 56 increasing their positions, 19 reducing their positions, and 11 closing their positions.
195% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 19
127% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 11
20% more capital invested
Capital invested by funds: $616M → $737M (+$121M)
13% more funds holding
Funds holding: 100 → 113 (+13)
1.94% more ownership
Funds ownership: 62% → 63.94% (+1.9%)
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
|
+$42.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$13M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$10.7M |
| 4 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
+$10.2M |
| 5 |
LPL Financial
San Diego,
California
|
+$9.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSP
Cary Street Partners
Richmond,
Virginia
|
-$2M |
| 2 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$1.96M |
| 3 |
CFG
Citizens Financial Group
Providence,
Rhode Island
|
-$528K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$482K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$475K |
ISPY Hedge Fund Activity: Q4 2025 in Review
113 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in ProShares S&P 500 High Income ETF (ISPY) for Q4 2025, worth a combined $737M — up 20% from $616M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new ISPY positions and 11 closed out — a net gain of 14 holders — while 56 added to existing stakes and 19 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $42.5M. The largest seller was Cary Street Partners, exiting entirely with an estimated $2M sold.
- 113 institutional investors held ProShares S&P 500 High Income ETF (ISPY) as of Q4 2025, up from 100 in Q3 2025.
- Funds reported $737M of ProShares S&P 500 High Income ETF stock for Q4 2025, up 20% quarter-over-quarter.
- 25 funds opened new ProShares S&P 500 High Income ETF positions in Q4 2025 and 11 closed out, a net change of +14 holders.
- The largest ProShares S&P 500 High Income ETF buyer in Q4 2025 was Morgan Stanley, an estimated $42.5M added.
- The largest ProShares S&P 500 High Income ETF seller in Q4 2025 was Cary Street Partners, an estimated $2M sold.
Based on aggregated 13F filings for Q4 2025.