ProShares S&P 500 Dividend Aristocrats ETF
NOBL
763 hedge funds and large institutions have $5.44B invested in ProShares S&P 500 Dividend Aristocrats ETF in 2025 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 270 increasing their positions, 297 reducing their positions, and 53 closing their positions.
0.79% less ownership
Funds ownership: 48.6% → 47.81% (-0.79%)
1% less call options, than puts
Call options by funds: $4.4M | Put options by funds: $4.45M
8% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 53
9% less repeat investments, than reductions
Existing positions increased: 270 | Existing positions reduced: 297
1% less funds holding
Funds holding: 773 → 763 (-10)
15% less funds holding in top 10
Funds holding in top 10: 39 → 33 (-6)
51% less capital inflows, than outflows
Capital inflows: $186M | Capital outflows: $382M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carrera Capital Advisors
Troy,
Michigan
|
+$28.7M |
| 2 |
McElhenny Sheffield Capital Management
Dallas,
Texas
|
+$11.2M |
| 3 |
LPL Financial
San Diego,
California
|
+$10.5M |
| 4 |
GTS Securities
Miami,
Florida
|
+$9.5M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$7.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$48.4M |
| 2 |
Brookstone Capital Management
Wheaton,
Illinois
|
-$47.8M |
| 3 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$37.1M |
| 4 |
Cresset Asset Management
Chicago,
Illinois
|
-$21.9M |
| 5 |
Prime Capital Investment Advisors
Overland Park,
Kansas
|
-$11.5M |
NOBL Hedge Fund Activity: Q2 2025 in Review
763 of the 7,630 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 $5.44B — down 4.9% from $5.72B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of NOBL and 49 opened new positions — a net loss of 4 holders — while 297 trimmed existing stakes and 270 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.
- 763 institutional investors held ProShares S&P 500 Dividend Aristocrats ETF (NOBL) as of Q2 2025, down from 773 in Q1 2025.
- Funds reported $5.44B 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 53 closed out, a net change of -4 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.