ProShares UltraShort Bloomberg Natural Gas
KOLD
16 hedge funds and large institutions have $12.4M invested in ProShares UltraShort Bloomberg Natural Gas in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 13 closing their positions.
56% more call options, than puts
Call options by funds: $32.9M | Put options by funds: $21M
30% less funds holding
Funds holding: 23 → 16 (-7)
47.3% less ownership
Funds ownership: 49.49% → 2.19% (-47%)
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
81% less capital invested
Capital invested by funds: $64.3M → $12.4M (-$51.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Centric Wealth Management
Chicago,
Illinois
|
+$4.14M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.52M |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
+$1.45M |
| 4 |
HFS
Howard Financial Services
Dallas,
Texas
|
+$772K |
| 5 |
Morgan Stanley
New York
|
+$618K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$14.1M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$7.86M |
| 3 |
JF
Jump Financial
Chicago,
Illinois
|
-$4.57M |
| 4 |
ASM
AI-Squared Management
Hong Kong
|
-$2.67M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Squarepoint
New York
| – | -$398K | -14,434 | Closed |
|
|
MTIM
27
Marathon Trading Investment Management
Radnor,
Pennsylvania
| – | -$389K | -9,110 | Closed |
|
28
JP Morgan Chase
New York
| – | -$219K | -5,125 | Closed |
|
|
LC
29
Lindbrook Capital
Calabasas,
California
| – | -$4.27K | -100 | Closed |
|
KOLD Hedge Fund Activity: Q1 2025 in Review
16 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort Bloomberg Natural Gas (KOLD) for Q1 2025, worth a combined $12.4M — down 81% from $64.3M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of KOLD and 6 opened new positions — a net loss of 7 holders — while 6 trimmed existing stakes and 3 added.
The largest buyer was Centric Wealth Management, opening a new position worth an estimated $4.14M. The largest seller was Jane Street, cutting an estimated $14.1M.
- 16 institutional investors held ProShares UltraShort Bloomberg Natural Gas (KOLD) as of Q1 2025, down from 23 in Q4 2024.
- Funds reported $12.4M of ProShares UltraShort Bloomberg Natural Gas stock for Q1 2025, down 81% quarter-over-quarter.
- 6 funds opened new ProShares UltraShort Bloomberg Natural Gas positions in Q1 2025 and 13 closed out, a net change of -7 holders.
- The largest ProShares UltraShort Bloomberg Natural Gas buyer in Q1 2025 was Centric Wealth Management, an estimated $4.14M added.
- The largest ProShares UltraShort Bloomberg Natural Gas seller in Q1 2025 was Jane Street, an estimated $14.1M sold.
Based on aggregated 13F filings for Q1 2025.