ProShares S&P 500 Dividend Aristocrats ETF
NOBL
818 hedge funds and large institutions have $5.31B invested in ProShares S&P 500 Dividend Aristocrats ETF in 2025 Q4 according to their latest regulatory filings, with 117 funds opening new positions, 252 increasing their positions, 302 reducing their positions, and 49 closing their positions.
237% more call options, than puts
Call options by funds: $3.71M | Put options by funds: $1.1M
139% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 49
30% more funds holding in top 10
Funds holding in top 10: 30 → 39 (+9)
7% more funds holding
Funds holding: 766 → 818 (+52)
2.1% less ownership
Funds ownership: 97.67% → 95.57% (-2.1%)
5% less capital invested
Capital invested by funds: $5.6B → $5.31B (-$292M)
17% less repeat investments, than reductions
Existing positions increased: 252 | Existing positions reduced: 302
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Silvercrest Asset Management
New York
|
+$26.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$17M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$12.9M |
| 4 |
MYIA
Mount Yale Investment Advisors
Denver,
Colorado
|
+$9.42M |
| 5 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
+$9.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$162M |
| 2 |
CLGM
Capitolis Liquid Global Markets
New York
|
-$103M |
| 3 |
IA
IAM Advisory
Easton,
Pennsylvania
|
-$29.6M |
| 4 |
MWM
Moran Wealth Management
Naples,
Florida
|
-$28.8M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$25.7M |
NOBL Hedge Fund Activity: Q4 2025 in Review
818 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in ProShares S&P 500 Dividend Aristocrats ETF (NOBL) for Q4 2025, worth a combined $5.31B — down 5.2% from $5.6B a quarter earlier.
Buyers outnumbered sellers: 117 funds opened new NOBL positions and 49 closed out — a net gain of 68 holders — while 252 added to existing stakes and 302 trimmed.
The largest buyer was Silvercrest Asset Management, opening a new position worth an estimated $26.7M. The largest seller was Morgan Stanley, cutting an estimated $162M.
- 818 institutional investors held ProShares S&P 500 Dividend Aristocrats ETF (NOBL) as of Q4 2025, up from 766 in Q3 2025.
- Funds reported $5.31B of ProShares S&P 500 Dividend Aristocrats ETF stock for Q4 2025, down 5.2% quarter-over-quarter.
- 117 funds opened new ProShares S&P 500 Dividend Aristocrats ETF positions in Q4 2025 and 49 closed out, a net change of +68 holders.
- The largest ProShares S&P 500 Dividend Aristocrats ETF buyer in Q4 2025 was Silvercrest Asset Management, an estimated $26.7M added.
- The largest ProShares S&P 500 Dividend Aristocrats ETF seller in Q4 2025 was Morgan Stanley, an estimated $162M sold.
Based on aggregated 13F filings for Q4 2025.