ProShares Ultra QQQ
189 hedge funds and large institutions have $1.37B invested in ProShares Ultra QQQ in 2025 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 52 increasing their positions, 38 reducing their positions, and 24 closing their positions.
220% more capital invested
Capital invested by funds: $429M → $1.37B (+$944M)
146% more call options, than puts
Call options by funds: $173M | Put options by funds: $70.4M
113% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 24
44% more funds holding in top 10
Funds holding in top 10: 9 → 13 (+4)
37% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 38
18.33% more ownership
Funds ownership: 13.25% → 31.58% (+18%)
13% more funds holding
Funds holding: 168 → 189 (+21)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Howard Capital Management
Roswell,
Georgia
|
+$620M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
+$33M |
| 3 |
GVCM
Global View Capital Management
Waukesha,
Wisconsin
|
+$24.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$11.4M |
| 5 |
MFGM
Marshall Financial Group (Maryland)
Hunt Valley,
Maryland
|
+$7.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$17.9M |
| 2 |
DQRIM
Dale Q Rice Investment Management
Vancouver,
Washington
|
-$8.55M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$5.65M |
| 4 |
Jane Street
New York
|
-$4.14M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.94M |
QLD Hedge Fund Activity: Q2 2025 in Review
189 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra QQQ (QLD) for Q2 2025, worth a combined $1.37B — up 220% from $429M a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new QLD positions and 24 closed out — a net gain of 27 holders — while 52 added to existing stakes and 38 trimmed.
The largest buyer was Howard Capital Management, adding an estimated $620M. The largest seller was IMC Chicago, exiting entirely with an estimated $17.9M sold.
- 189 institutional investors held ProShares Ultra QQQ (QLD) as of Q2 2025, up from 168 in Q1 2025.
- Funds reported $1.37B of ProShares Ultra QQQ stock for Q2 2025, up 220% quarter-over-quarter.
- 51 funds opened new ProShares Ultra QQQ positions in Q2 2025 and 24 closed out, a net change of +27 holders.
- The largest ProShares Ultra QQQ buyer in Q2 2025 was Howard Capital Management, an estimated $620M added.
- The largest ProShares Ultra QQQ seller in Q2 2025 was IMC Chicago, an estimated $17.9M sold.
Based on aggregated 13F filings for Q2 2025.