ProShares Short S&P500
136 hedge funds and large institutions have $441M invested in ProShares Short S&P500 in 2025 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 42 increasing their positions, 26 reducing their positions, and 27 closing their positions.
520% more call options, than puts
Call options by funds: $23M | Put options by funds: $3.71M
71% more capital invested
Capital invested by funds: $259M → $441M (+$183M)
67% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 27
62% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 26
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
12% more funds holding
Funds holding: 121 → 136 (+15)
6.76% more ownership
Funds ownership: 30.38% → 37.13% (+6.8%)
Top Buyers
| 1 |
SFM
Stack Financial Management
Whitefish,
Montana
|
+$53.2M |
| 2 |
SC
Sykon Capital
Harrison,
New York
|
+$21.3M |
| 3 |
RAM
Revere Asset Management
Dallas,
Texas
|
+$17.3M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$17.1M |
| 5 |
RCP
Rothschild Capital Partners
New York
|
+$10.4M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
151
Ancora Advisors
Cleveland,
Ohio
| – | -$185K | -4,375 | Closed |
|
|
SMAM
152
Sugar Maple Asset Management
Sister Bay,
Wisconsin
| – | -$183K | -4,318 | Closed |
|
|
VHAM
153
Van Hulzen Asset Management
El Dorado Hills,
California
| – | -$133K | -3,128 | Closed |
|
|
OP
154
ORG Partners
Roanoke,
Indiana
| – | -$61.9K | -1,460 | Closed |
|
155
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$43.3K | -1,017 | -99% |
|
156
Parallax Volatility Advisers
San Francisco,
California
| – | -$24.6K | -580 | Closed |
|
|
OC
157
Oarsman Capital
Milwaukee,
Wisconsin
| – | -$19.1K | -450 | Closed |
|
|
LC
158
Lindbrook Capital
Calabasas,
California
| – | -$17K | -400 | Closed |
|
|
MWM
159
Mascoma Wealth Management
Hanover,
New Hampshire
| – | -$5.98K | -141 | Closed |
|
|
HI
160
Harbour Investments
Madison,
Wisconsin
| – | -$1.7K | -40 | Closed |
|
|
PA
161
Pineridge Advisors
St. Charles,
Missouri
| – | -$1.08K | -25 | Closed |
|
162
Bank of America
Charlotte,
North Carolina
| – | -$766 | -18 | Closed |
|
163
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$636 | -15 | Closed |
|
SH Hedge Fund Activity: Q1 2025 in Review
136 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in ProShares Short S&P500 (SH) for Q1 2025, worth a combined $441M — up 71% from $259M a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new SH positions and 27 closed out — a net gain of 18 holders — while 42 added to existing stakes and 26 trimmed.
The largest buyer was Stack Financial Management, opening a new position worth an estimated $53.2M. The largest seller was RIA Advisory Group, exiting entirely with an estimated $16.3M sold.
- 136 institutional investors held ProShares Short S&P500 (SH) as of Q1 2025, up from 121 in Q4 2024.
- Funds reported $441M of ProShares Short S&P500 stock for Q1 2025, up 71% quarter-over-quarter.
- 45 funds opened new ProShares Short S&P500 positions in Q1 2025 and 27 closed out, a net change of +18 holders.
- The largest ProShares Short S&P500 buyer in Q1 2025 was Stack Financial Management, an estimated $53.2M added.
- The largest ProShares Short S&P500 seller in Q1 2025 was RIA Advisory Group, an estimated $16.3M sold.
Based on aggregated 13F filings for Q1 2025.