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ProShares Ultra QQQ
QLD

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
189
Holders Change
+21
Holders Change %
+12.5%
% of All Funds
2.49%
Holding in Top 10
13
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+44.44%
% of All Funds
0.17%
New
51
Increased
52
Reduced
38
Closed
24
Calls
$173M
Puts
$70.4M
Net Calls
+$103M
Net Calls Change
+$47M

Top Buyers

Rank Fund Capital Flow
1
HCM
Howard Capital Management
Georgia
+$620M
2
QC
Quadrature Capital
United Kingdom
+$33M
3
GVCM
Global View Capital Management
Wisconsin
+$24.7M
4
Citadel Advisors
Citadel Advisors
Florida
+$11.4M
5
MFGM
Marshall Financial Group (Maryland)
Maryland
+$7.15M

Top Sellers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
-$17.9M
2
DQRIM
Dale Q Rice Investment Management
Washington
-$8.55M
3
UBS Group
UBS Group
Switzerland
-$5.65M
4
Jane Street
Jane Street
New York
-$4.14M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.94M
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
76
Drive Wealth Management
Utah
$985K +$813K +16,726 New
AF
77
Allworth Financial
California
$957K +$680K +13,990 +615%
AWA
78
AmeriServ Wealth Advisors
Pennsylvania
$892K -$392K -8,064 -35%
SA
79
Sanctuary Advisors
Indiana
$853K +$118K +2,428 +20%
CAGAS
80
Capital Advisory Group Advisory Services
Minnesota
$836K – – –
BCM
81
Brookstone Capital Management
Illinois
$826K +$142K +2,930 +26%
MWM
82
Mindset Wealth Management
Indiana
$826K – – –
MWM
83
Modern Wealth Management
Kansas
$824K +$680K +13,998 New
Millennium Management
84
Millennium Management
New York
$806K +$665K +13,688 New
AHC
85
Adell Harriman & Carpenter
Texas
$804K +$49.6K +1,020 +8%
Morgan Stanley
86
Morgan Stanley
New York
$773K +$382K +7,860 +149%
GFPC
87
Global Financial Private Client
Florida
$757K – – –
GGS
88
Galvin Gaustad & Stein
Arizona
$754K – – –
Bank of America
89
Bank of America
North Carolina
$730K +$389K +8,000 +182%
FA
90
Fedenia Advisers
Wisconsin
$709K -$2.72K -56 -0.5%
VCM
91
Virtue Capital Management
Tennessee
$653K +$539K +11,096 New
IFG
92
Independent Financial Group
California
$614K +$57.6K +1,186 +13%
WDC
93
Woodward Diversified Capital
California
$601K +$496K +10,208 New
CVA
94
Central Valley Advisors
California
$565K – – –
BCV
95
Banque Cantonale Vaudoise
Switzerland
$565K – – –
Koshinski Asset Management
96
Koshinski Asset Management
Illinois
$560K – – –
Wolverine Trading
97
Wolverine Trading
Illinois
$552K +$462K +9,500 New
FTUS
98
Flow Traders U.S.
New York
$542K -$3.25M -66,988 -88%
NL
99
NWAM LLC
Washington
$530K – – –
WCM
100
WealthBridge Capital Management
Ohio
$521K +$430K +8,846 New
2 3
4
5 6

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.