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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$21.7M |
| 2 |
Jane Street
New York
|
+$9.57M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$5.1M |
| 4 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
+$4.57M |
| 5 |
SIM
Sterling Investment Management
Tucson,
Arizona
|
+$2.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KWM
Kaydan Wealth Management
Fenton,
Michigan
|
-$11.5M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$9.2M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$9.03M |
| 4 |
SCI
Stableford Capital II
Scottsdale,
Arizona
|
-$8.52M |
| 5 |
LG
Leuthold Group
Minneapolis,
Minnesota
|
-$8.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SSIM
101
Sheets Smith Investment Management
Houston,
Texas
| – | -$445K | -10,943 | Closed |
|
|
RCA
102
Resonant Capital Advisors
Madison,
Wisconsin
| – | -$251K | -6,133 | Closed |
|
|
SA
103
Sanctuary Advisors
Indianapolis,
Indiana
| – | -$236K | -5,799 | Closed |
|
|
IP
104
Intellectus Partners
San Francisco,
California
| – | -$223K | -5,500 | Closed |
|
|
NW
105
NewEdge Wealth
Pittsburgh,
Pennsylvania
| – | -$203K | -5,000 | Closed |
|
106
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$182K | -4,000 | Closed |
|
|
BCV
107
Banque Cantonale Vaudoise
Lausanne,
Switzerland
| – | -$98K | -2,407 | Closed |
|
|
MCM
108
MAI Capital Management
Independence,
Ohio
| – | -$37.4K | -920 | Closed |
|
|
SWM
109
Spire Wealth Management
Mclean,
Virginia
| – | -$4.06K | -100 | Closed |
|
|
MG
110
Mather Group
Chicago,
Illinois
| – | -$1.36K | -34 | Closed |
|
|
FDCDDQ
111
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$813 | -20 | Closed |
|
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.