ProShares S&P 500 Dividend Aristocrats ETF
NOBL
758 hedge funds and large institutions have $5.42B invested in ProShares S&P 500 Dividend Aristocrats ETF in 2025 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 266 increasing their positions, 296 reducing their positions, and 52 closing their positions.
1% less call options, than puts
Call options by funds: $4.4M | Put options by funds: $4.45M
5% less capital invested
Capital invested by funds: $5.7B → $5.42B (-$280M)
6% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 52
1% less funds holding
Funds holding: 767 → 758 (-9)
1.7% less ownership
Funds ownership: 96.87% → 95.17% (-1.7%)
10% less repeat investments, than reductions
Existing positions increased: 266 | Existing positions reduced: 296
13% less funds holding in top 10
Funds holding in top 10: 38 → 33 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Carrera Capital Advisors
Troy,
Michigan
|
+$28.7M |
| 2 |
MSCM
McElhenny Sheffield Capital Management
Dallas,
Texas
|
+$11.2M |
| 3 |
LPL Financial
San Diego,
California
|
+$10.5M |
| 4 |
GS
GTS Securities
New York
|
+$9.51M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$7.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$48.4M |
| 2 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$47.8M |
| 3 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$37.1M |
| 4 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
-$21.9M |
| 5 |
PCIA
Prime Capital Investment Advisors
Overland Park,
Kansas
|
-$11.5M |
NOBL Hedge Fund Activity: Q2 2025 in Review
758 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in ProShares S&P 500 Dividend Aristocrats ETF (NOBL) for Q2 2025, worth a combined $5.42B — down 4.9% from $5.7B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of NOBL and 49 opened new positions — a net loss of 3 holders — while 296 trimmed existing stakes and 266 added.
The largest buyer was Carrera Capital Advisors, opening a new position worth an estimated $28.7M. The largest seller was Morgan Stanley, cutting an estimated $48.4M.
- 758 institutional investors held ProShares S&P 500 Dividend Aristocrats ETF (NOBL) as of Q2 2025, down from 767 in Q1 2025.
- Funds reported $5.42B of ProShares S&P 500 Dividend Aristocrats ETF stock for Q2 2025, down 4.9% quarter-over-quarter.
- 49 funds opened new ProShares S&P 500 Dividend Aristocrats ETF positions in Q2 2025 and 52 closed out, a net change of -3 holders.
- The largest ProShares S&P 500 Dividend Aristocrats ETF buyer in Q2 2025 was Carrera Capital Advisors, an estimated $28.7M added.
- The largest ProShares S&P 500 Dividend Aristocrats ETF seller in Q2 2025 was Morgan Stanley, an estimated $48.4M sold.
Based on aggregated 13F filings for Q2 2025.