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ProShares S&P 500 High Income ETF

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.

New
Increased
Maintained
Reduced
Closed

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: 100113 (+13)

1.94% more ownership

Funds ownership: 62%63.94% (+1.9%)

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

Holders
113
Holders Change
+13
Holders Change %
+13%
% of All Funds
1.37%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
25
Increased
56
Reduced
19
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$190M +$42.5M +935,443 +29%
Raymond James Financial
2
Raymond James Financial
Florida
$96.5M +$10.7M +235,954 +13%
Bank of America
3
Bank of America
North Carolina
$62.8M +$3.51M +77,159 +6%
LPL Financial
4
LPL Financial
California
$50.8M +$9.19M +202,221 +22%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$47.9M +$645K +14,186 +1%
HWAM
6
Hennion & Walsh Asset Management
New Jersey
$44.6M +$2.27M +50,059 +5%
Wells Fargo
7
Wells Fargo
California
$36.2M +$13M +286,875 +57%
CIA
8
Capital Investment Advisors
Georgia
$35.8M +$1.27M +27,896 +4%
RIS
9
Richmond Investment Services
Wisconsin
$15.1M +$483K +10,628 +3%
SA
10
Sanctuary Advisors
Indiana
$14.2M +$10.2M +225,225 +260%
PVI
11
Pine Valley Investments
New Jersey
$12.1M +$188K +4,130 +2%
HighTower Advisors
12
HighTower Advisors
Illinois
$10.5M -$428K -9,422 -4%
SPIA
13
Steward Partners Investment Advisory
New York
$9.9M +$471K +10,373 +5%
Commonwealth Equity Services
14
Commonwealth Equity Services
Massachusetts
$8.74M +$616K +13,558 +8%
AO
15
Advisor OS
Illinois
$7.61M +$335K +7,364 +5%
MA
16
MJP Associates
Connecticut
$7.61M +$780K +17,174 +11%
PFG
17
Prosperity Financial Group
California
$6.55M +$1.42M +31,217 +28%
PI
18
PFG Investments
New York
$6.34M +$875K +19,262 +16%
Osaic Holdings
19
Osaic Holdings
Arizona
$5.59M +$1M +22,009 +22%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$4.04M +$4.03M +88,620 New
AWM
21
Accel Wealth Management
Iowa
$2.92M +$938K +20,645 +48%
EFS
22
Essex Financial Services
Connecticut
$2.55M +$1.7M +37,406 +203%
BWP
23
Bernardo Wealth Planning
Pennsylvania
$2.47M +$109K +2,407 +5%
MWM
24
Maridea Wealth Management
New York
$2.41M +$864K +19,021 +56%
IWC
25
Integrated Wealth Concepts
Massachusetts
$2.4M +$45.3K +997 +2%

ISPY Hedge Fund Activity: Q4 2025 in Review

113 of the 8,223 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.