ProShares Short S&P500
122 hedge funds and large institutions have $274M invested in ProShares Short S&P500 in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 29 increasing their positions, 35 reducing their positions, and 26 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
17% more capital invested
Capital invested by funds: $234M → $274M (+$39.5M)
4% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 26
1% less funds holding
Funds holding: 123 → 122 (-1)
17% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 35
18.25% less ownership
Funds ownership: 18.25% → 0% (-18%)
51% less call options, than puts
Call options by funds: $30.8M | Put options by funds: $63.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$39.6M |
| 2 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$12.8M |
| 3 |
MCP
Mirador Capital Partners
Pleasanton,
California
|
+$9.69M |
| 4 |
WQ
Wealth Quarterback
Toms River,
New Jersey
|
+$8.23M |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$6.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCP
Rothschild Capital Partners
New York
|
-$16M |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$9.75M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$8.52M |
| 4 |
Squarepoint
New York
|
-$3.58M |
| 5 |
HCM
Hilton Capital Management
Garden City,
New York
|
-$3.45M |
SH Hedge Fund Activity: Q3 2025 in Review
122 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in ProShares Short S&P500 (SH) for Q3 2025, worth a combined $274M — up 17% from $234M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new SH positions and 26 closed out — a net gain of 1 holder — while 29 added to existing stakes and 35 trimmed.
The largest buyer was UBS Group, adding an estimated $39.6M. The largest seller was Rothschild Capital Partners, cutting an estimated $16M.
- 122 institutional investors held ProShares Short S&P500 (SH) as of Q3 2025, down from 123 in Q2 2025.
- Funds reported $274M of ProShares Short S&P500 stock for Q3 2025, up 17% quarter-over-quarter.
- 27 funds opened new ProShares Short S&P500 positions in Q3 2025 and 26 closed out, a net change of +1 holder.
- The largest ProShares Short S&P500 buyer in Q3 2025 was UBS Group, an estimated $39.6M added.
- The largest ProShares Short S&P500 seller in Q3 2025 was Rothschild Capital Partners, an estimated $16M sold.
Based on aggregated 13F filings for Q3 2025.