ProShares S&P 500 Dividend Aristocrats ETF
NOBL
766 hedge funds and large institutions have $5.6B invested in ProShares S&P 500 Dividend Aristocrats ETF in 2025 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 244 increasing their positions, 335 reducing their positions, and 31 closing their positions.
242% more call options, than puts
Call options by funds: $3.99M | Put options by funds: $1.17M
55% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 31
2.5% more ownership
Funds ownership: 95.17% → 97.67% (+2.5%)
3% more capital invested
Capital invested by funds: $5.42B → $5.6B (+$182M)
1% more funds holding
Funds holding: 759 → 766 (+7)
9% less funds holding in top 10
Funds holding in top 10: 33 → 30 (-3)
27% less repeat investments, than reductions
Existing positions increased: 244 | Existing positions reduced: 335
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CLGM
Capitolis Liquid Global Markets
New York
|
+$103M |
| 2 |
Morgan Stanley
New York
|
+$43.9M |
| 3 |
MWM
Moran Wealth Management
Naples,
Florida
|
+$28.9M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$27.8M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$13.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$17.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$12.1M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$10.5M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$9.28M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$9.16M |
NOBL Hedge Fund Activity: Q3 2025 in Review
766 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in ProShares S&P 500 Dividend Aristocrats ETF (NOBL) for Q3 2025, worth a combined $5.6B — up 3.4% from $5.42B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new NOBL positions and 31 closed out — a net gain of 17 holders — while 244 added to existing stakes and 335 trimmed.
The largest buyer was Capitolis Liquid Global Markets, opening a new position worth an estimated $103M. The largest seller was Goldman Sachs, cutting an estimated $17.5M.
- 766 institutional investors held ProShares S&P 500 Dividend Aristocrats ETF (NOBL) as of Q3 2025, up from 759 in Q2 2025.
- Funds reported $5.6B of ProShares S&P 500 Dividend Aristocrats ETF stock for Q3 2025, up 3.4% quarter-over-quarter.
- 48 funds opened new ProShares S&P 500 Dividend Aristocrats ETF positions in Q3 2025 and 31 closed out, a net change of +17 holders.
- The largest ProShares S&P 500 Dividend Aristocrats ETF buyer in Q3 2025 was Capitolis Liquid Global Markets, an estimated $103M added.
- The largest ProShares S&P 500 Dividend Aristocrats ETF seller in Q3 2025 was Goldman Sachs, an estimated $17.5M sold.
Based on aggregated 13F filings for Q3 2025.