ProShares Short S&P500
116 hedge funds and large institutions have $373M invested in ProShares Short S&P500 in 2026 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 34 increasing their positions, 32 reducing their positions, and 52 closing their positions.
38.59% more ownership
Funds ownership: 0% → 38.59% (+39%)
6% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 32
22% less funds holding
Funds holding: 148 → 116 (-32)
45% less capital invested
Capital invested by funds: $681M → $373M (-$308M)
58% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 52
79% less funds holding in top 10
Funds holding in top 10: 14 → 3 (-11)
83% less call options, than puts
Call options by funds: $10.2M | Put options by funds: $60.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$14.5M |
| 2 |
Jane Street
New York
|
+$12.6M |
| 3 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$10.6M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
+$10.4M |
| 5 |
SIM
Sterling Investment Management
Tucson,
Arizona
|
+$7.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Stack Financial Management
Whitefish,
Montana
|
-$35.8M |
| 2 |
RIM
Ryan Investment Management
Basalt,
Colorado
|
-$34M |
| 3 |
RSWM
Robertson Stephens Wealth Management
San Francisco,
California
|
-$22.9M |
| 4 |
TSW
Three Seasons Wealth
Salt Lake City,
Utah
|
-$20.5M |
| 5 |
FCM
Fourpath Capital Management
Oklahoma City,
Oklahoma
|
-$17.6M |
SH Hedge Fund Activity: Q2 2026 in Review
116 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in ProShares Short S&P500 (SH) for Q2 2026, worth a combined $373M — down 45% from $681M a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of SH and 22 opened new positions — a net loss of 30 holders — while 32 trimmed existing stakes and 34 added.
The largest buyer was Morgan Stanley, adding an estimated $14.5M. The largest seller was Stack Financial Management, cutting an estimated $35.8M.
- 116 institutional investors held ProShares Short S&P500 (SH) as of Q2 2026, down from 148 in Q1 2026.
- Funds reported $373M of ProShares Short S&P500 stock for Q2 2026, down 45% quarter-over-quarter.
- 22 funds opened new ProShares Short S&P500 positions in Q2 2026 and 52 closed out, a net change of -30 holders.
- The largest ProShares Short S&P500 buyer in Q2 2026 was Morgan Stanley, an estimated $14.5M added.
- The largest ProShares Short S&P500 seller in Q2 2026 was Stack Financial Management, an estimated $35.8M sold.
Based on aggregated 13F filings for Q2 2026.