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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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
13
Holders Change
+4
Holders Change %
+44.44%
% of All Funds
0.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
3
Reduced
1
Closed
2
Calls
$182M
Puts
$40.7M
Net Calls
+$142M
Net Calls Change
+$20M

Top Buyers

Rank Fund Capital Flow
1
CWM
Centric Wealth Management
Illinois
+$3.75M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$3.07M
3
Morgan Stanley
Morgan Stanley
New York
+$2.2M
4
Jane Street
Jane Street
New York
+$1.88M
5
IMC Chicago
IMC Chicago
Illinois
+$1.74M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$77.9K
2
SS
Sunbelt Securities
Texas
-$15.7K
3
TRCT
Tower Research Capital (TRC)
New York
-$1.18K
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
1
Susquehanna International Group
Pennsylvania
$4.16M +$3.07M +98,174 +499%
Morgan Stanley
2
Morgan Stanley
New York
$2.52M +$2.2M +70,427 +6,663%
CWM
3
Centric Wealth Management
Illinois
$2.42M +$3.75M +120,000 New
Jane Street
4
Jane Street
New York
$2.12M +$1.88M +60,143 New
IMC Chicago
5
IMC Chicago
Illinois
$1.96M +$1.74M +55,564 New
FTUS
6
Flow Traders U.S.
New York
$1.63M +$1.44M +46,145 New
TSS
7
Two Sigma Securities
New York
$1.01M +$896K +28,629 New
JF
8
Jump Financial
Illinois
$960K +$626K +20,015 +278%
HF
9
HRT Financial
New York
$691K +$613K +19,601 New
Belvedere Trading
10
Belvedere Trading
Illinois
$293K +$260K +8,302 New
1M
11
1248 Management
Missouri
$42.3K – – –
SIS
12
Strategic Investment Solutions
Illinois
$17.6K – – –
UBS Group
13
UBS Group
Switzerland
$7.97K -$77.9K -2,490 -92%
AWM
14
Activest Wealth Management
Florida
$3.09K – – –
SS
15
Sunbelt Securities
Texas
– -$15.7K -450 Closed
TRCT
16
Tower Research Capital (TRC)
New York
– -$1.18K -34 Closed

KOLD Hedge Fund Activity: Q4 2025 in Review

13 of the 8,228 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.