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ProShares Short QQQ
PSQ

81 hedge funds and large institutions have $160M invested in ProShares Short QQQ in 2025 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,162% more call options, than puts

Call options by funds: $32.5M | Put options by funds: $2.58M

42% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 19

4% less funds holding

Funds holding: 84 → 81 (-3)

4.81% less ownership

Funds ownership: 36.62% → 31.81% (-4.8%)

10% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 30

24% less capital invested

Capital invested by funds: $209M → $160M (-$49.6M)

43% less funds holding in top 10

Funds holding in top 10: 7 → 4 (-3)

Holders
81
Holders Change
-3
Holders Change %
-3.57%
% of All Funds
1.07%
Holding in Top 10
4
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-42.86%
% of All Funds
0.05%
New
27
Increased
27
Reduced
19
Closed
30
Calls
$32.5M
Puts
$2.58M
Net Calls
+$29.9M
Net Calls Change
+$28.5M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$21.7M
2
Jane Street
Jane Street
New York
+$9.57M
3
Citadel Advisors
Citadel Advisors
Florida
+$5.1M
4
AWA
Arkadios Wealth Advisors
Georgia
+$4.57M
5
SIM
Sterling Investment Management
Arizona
+$2.93M

Top Sellers

Rank Fund Capital Flow
1
KWM
Kaydan Wealth Management
Michigan
-$11.5M
2
QC
Quadrature Capital
United Kingdom
-$9.2M
3
HighTower Advisors
HighTower Advisors
Illinois
-$9.03M
4
SCI
Stableford Capital II
Arizona
-$8.52M
5
LG
Leuthold Group
Minnesota
-$8.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
BTI
76
Blue Trust Inc
Georgia
$875 – – –
Raymond James Financial
77
Raymond James Financial
Florida
$707 +$795 +21 New
Osaic Holdings
78
Osaic Holdings
Arizona
$673 -$151 -4 -17%
GSWM
79
Golden State Wealth Management
California
$539 +$114 +3 +23%
Q1WB
80
Quest 10 Wealth Builders
Virginia
$303 – – –
FFA
81
Farther Finance Advisors
California
$283 – – –
KWM
82
Kaydan Wealth Management
Michigan
– -$11.5M -282,399 Closed
QC
83
Quadrature Capital
United Kingdom
– -$9.2M -226,360 Closed
HighTower Advisors
84
HighTower Advisors
Illinois
– -$9.03M -222,362 Closed
MCP
85
Mirador Capital Partners
California
– -$6.22M -152,976 Closed
VWM
86
Vigilare Wealth Management
Arizona
– -$2.5M -61,587 Closed
KA
87
Kovack Advisors
Florida
– -$2.23M -54,782 Closed
MA
88
Mutual Advisors
Nebraska
– -$2.14M -54,217 Closed
RAG
89
RIA Advisory Group
Iowa
– -$1.71M -42,139 Closed
Mariner
90
Mariner
Kansas
– -$1.43M -35,082 Closed
Renaissance Technologies
91
Renaissance Technologies
New York
– -$1.15M -28,200 Closed
IAN
92
Integrated Advisors Network
Texas
– -$1.14M -28,025 Closed
WAM
93
Worth Asset Management
Texas
– -$1.13M -27,812 Closed
TJHA
94
Thomas J. Herzfeld Advisors
Florida
– -$1,000K -24,606 Closed
OIA
95
OneDigital Investment Advisors
Kansas
– -$880K -21,657 Closed
XT
96
XTX Topco
Cayman Islands
– -$642K -15,807 Closed
CFA
97
Camarda Financial Advisors
Florida
– -$616K -15,164 Closed
BAM
98
Belpointe Asset Management
Nevada
– -$612K -15,069 Closed
HT
99
Headlands Technologies
Illinois
– -$576K -14,169 Closed
GVCM
100
Global View Capital Management
Wisconsin
– -$476K -11,719 Closed
1 2 3
4
5

PSQ Hedge Fund Activity: Q2 2025 in Review

81 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in ProShares Short QQQ (PSQ) for Q2 2025, worth a combined $160M — down 24% from $209M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of PSQ and 27 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 27 added.

The largest buyer was Morgan Stanley, adding an estimated $21.7M. The largest seller was Kaydan Wealth Management, exiting entirely with an estimated $11.5M sold.

  • 81 institutional investors held ProShares Short QQQ (PSQ) as of Q2 2025, down from 84 in Q1 2025.
  • Funds reported $160M of ProShares Short QQQ stock for Q2 2025, down 24% quarter-over-quarter.
  • 27 funds opened new ProShares Short QQQ positions in Q2 2025 and 30 closed out, a net change of -3 holders.
  • The largest ProShares Short QQQ buyer in Q2 2025 was Morgan Stanley, an estimated $21.7M added.
  • The largest ProShares Short QQQ seller in Q2 2025 was Kaydan Wealth Management, an estimated $11.5M sold.

Based on aggregated 13F filings for Q2 2025.