ProShares Short S&P500
148 hedge funds and large institutions have $681M invested in ProShares Short S&P500 in 2026 Q1 according to their latest regulatory filings, with 57 funds opening new positions, 37 increasing their positions, 26 reducing their positions, and 18 closing their positions.
250% more funds holding in top 10
Funds holding in top 10: 4 → 14 (+10)
217% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 18
138% more capital invested
Capital invested by funds: $286M → $681M (+$396M)
42% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 26
30% more funds holding
Funds holding: 114 → 148 (+34)
72% less call options, than puts
Call options by funds: $14.9M | Put options by funds: $52.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$65.6M |
| 2 |
SFM
Stack Financial Management
Whitefish,
Montana
|
+$47.9M |
| 3 |
RIM
Ryan Investment Management
Basalt,
Colorado
|
+$32.6M |
| 4 |
RSWM
Robertson Stephens Wealth Management
San Francisco,
California
|
+$21.9M |
| 5 |
TSW
Three Seasons Wealth
Salt Lake City,
Utah
|
+$19.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$10.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$9.98M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$6.08M |
| 4 |
LG
Leuthold Group
Minneapolis,
Minnesota
|
-$2.8M |
| 5 |
Squarepoint
New York
|
-$2.2M |
SH Hedge Fund Activity: Q1 2026 in Review
148 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in ProShares Short S&P500 (SH) for Q1 2026, worth a combined $681M — up 138% from $286M a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new SH positions and 18 closed out — a net gain of 39 holders — while 37 added to existing stakes and 26 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $65.6M. The largest seller was Axxcess Wealth Management, exiting entirely with an estimated $10.2M sold.
- 148 institutional investors held ProShares Short S&P500 (SH) as of Q1 2026, up from 114 in Q4 2025.
- Funds reported $681M of ProShares Short S&P500 stock for Q1 2026, up 138% quarter-over-quarter.
- 57 funds opened new ProShares Short S&P500 positions in Q1 2026 and 18 closed out, a net change of +39 holders.
- The largest ProShares Short S&P500 buyer in Q1 2026 was Morgan Stanley, an estimated $65.6M added.
- The largest ProShares Short S&P500 seller in Q1 2026 was Axxcess Wealth Management, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2026.