ProShares UltraShort Bloomberg Natural Gas
KOLD
13 hedge funds and large institutions have $17.8M invested in ProShares UltraShort Bloomberg Natural Gas in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 2 closing their positions.
807% more capital invested
Capital invested by funds: $1.97M → $17.8M (+$15.9M)
348% more call options, than puts
Call options by funds: $182M | Put options by funds: $40.7M
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
44% more funds holding
Funds holding: 9 → 13 (+4)
11.64% more ownership
Funds ownership: 1.2% → 12.84% (+12%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Centric Wealth Management
Chicago,
Illinois
|
+$3.75M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.07M |
| 3 |
Morgan Stanley
New York
|
+$2.2M |
| 4 |
Jane Street
New York
|
+$1.88M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$1.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$77.9K |
| 2 |
SS
Sunbelt Securities
Houston,
Texas
|
-$15.7K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.18K |
KOLD Hedge Fund Activity: Q4 2025 in Review
13 of the 8,277 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort Bloomberg Natural Gas (KOLD) for Q4 2025, worth a combined $17.8M — up 807% from $1.97M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new KOLD positions and 2 closed out — a net gain of 5 holders — while 3 added to existing stakes and 1 trimmed.
The largest buyer was Centric Wealth Management, opening a new position worth an estimated $3.75M. The largest seller was UBS Group, cutting an estimated $77.9K.
- 13 institutional investors held ProShares UltraShort Bloomberg Natural Gas (KOLD) as of Q4 2025, up from 9 in Q3 2025.
- Funds reported $17.8M of ProShares UltraShort Bloomberg Natural Gas stock for Q4 2025, up 807% quarter-over-quarter.
- 7 funds opened new ProShares UltraShort Bloomberg Natural Gas positions in Q4 2025 and 2 closed out, a net change of +5 holders.
- The largest ProShares UltraShort Bloomberg Natural Gas buyer in Q4 2025 was Centric Wealth Management, an estimated $3.75M added.
- The largest ProShares UltraShort Bloomberg Natural Gas seller in Q4 2025 was UBS Group, an estimated $77.9K sold.
Based on aggregated 13F filings for Q4 2025.