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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
EWM
151
Empirical Wealth Management
Washington
$232K +$192K +3,948 New
CAS
152
Coppell Advisory Solutions
Texas
$228K +$190K +3,920 New
AWS
153
Atria Wealth Solutions
New York
$227K -$330K -6,782 -64%
CICI
154
Capital Investment Counsel Inc
North Carolina
$222K +$179K +3,690 +4,100%
MAM
155
Milestone Asset Management
Pennsylvania
$218K +$180K +3,704 New
OWA
156
Outlook Wealth Advisors
Texas
$216K +$178K +3,664 New
TCM
157
Traynor Capital Management
Pennsylvania
$215K +$181K +3,720 New
KAS
158
Kestra Advisory Services
Texas
$215K +$178K +3,654 New
WANY
159
Wealthspire Advisors (New York)
New York
$212K +$175K +3,608 New
ZIG
160
Zullo Investment Group
Pennsylvania
$212K +$175K +3,600 New
AIM
161
Anchor Investment Management
South Carolina
$205K +$5.15K +106 +3%
Royal Bank of Canada
162
Royal Bank of Canada
Ontario, Canada
$193K +$159K +3,276 New
William Blair & Company
163
William Blair & Company
Illinois
$193K – – –
SWM
164
Spire Wealth Management
Virginia
$191K +$46.6K +960 +42%
TRCT
165
Tower Research Capital (TRC)
New York
$188K -$1.61M -33,064 -91%
WP
166
WealthShield Partners
North Carolina
$179K +$148K +3,048 New
OLVIG
167
Oliver Lagore Vanvalin Investment Group
Michigan
$155K +$169K +3,484 New
MCM
168
Manchester Capital Management
Vermont
$118K +$97.2K +2,000 New
AUB
169
Atlantic Union Bankshares
Virginia
$117K +$96.2K +1,980 New
MPWT
170
MassMutual Private Wealth & Trust
Connecticut
$112K +$25.5K +524 +38%
Barclays
171
Barclays
United Kingdom
$94.2K +$55.4K +1,140 +248%
CWM
172
CarsonAllaria Wealth Management
Illinois
$56.5K – – –
PA
173
Parallel Advisors
California
$54.3K – – –
FMII
174
Farmers & Merchants Investments Inc
Nebraska
$47.1K – – –
CPA
175
Compass Planning Associates
Massachusetts
$43.8K – – –
5 6
7
8 9

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.