ProShares UltraShort S&P500
SDS
50 hedge funds and large institutions have $46.9M invested in ProShares UltraShort S&P500 in 2026 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 21 closing their positions.
11% less funds holding
Funds holding: 56 → 50 (-6)
11.47% less ownership
Funds ownership: 23.83% → 12.36% (-11%)
15% less call options, than puts
Call options by funds: $28.3M | Put options by funds: $33.2M
19% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 21
53% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 15
63% less capital invested
Capital invested by funds: $128M → $46.9M (-$80.7M)
100% less funds holding in top 10
Funds holding in top 10: 4 → 0 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JF
Jump Financial
Chicago,
Illinois
|
+$6.75M |
| 2 |
DS
DRW Securities
Chicago,
Illinois
|
+$4.02M |
| 3 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$3.92M |
| 4 |
RCM
Ridgepath Capital Management
Knoxville,
Tennessee
|
+$3.92M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RAM
Revere Asset Management
Dallas,
Texas
|
-$36.1M |
| 2 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
-$8.53M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$8.17M |
| 4 |
CFIM
Client First Investment Management
West Bend,
Wisconsin
|
-$7.93M |
| 5 |
TSW
Three Seasons Wealth
Salt Lake City,
Utah
|
-$4.98M |
SDS Hedge Fund Activity: Q2 2026 in Review
50 of the 8,349 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort S&P500 (SDS) for Q2 2026, worth a combined $46.9M — down 63% from $128M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of SDS and 17 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 7 added.
The largest buyer was Jump Financial, adding an estimated $6.75M. The largest seller was Revere Asset Management, exiting entirely with an estimated $36.1M sold.
- 50 institutional investors held ProShares UltraShort S&P500 (SDS) as of Q2 2026, down from 56 in Q1 2026.
- Funds reported $46.9M of ProShares UltraShort S&P500 stock for Q2 2026, down 63% quarter-over-quarter.
- 17 funds opened new ProShares UltraShort S&P500 positions in Q2 2026 and 21 closed out, a net change of -4 holders.
- The largest ProShares UltraShort S&P500 buyer in Q2 2026 was Jump Financial, an estimated $6.75M added.
- The largest ProShares UltraShort S&P500 seller in Q2 2026 was Revere Asset Management, an estimated $36.1M sold.
Based on aggregated 13F filings for Q2 2026.