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ProShares UltraPro Short S&P 500
SPXU

48 hedge funds and large institutions have $94.3M invested in ProShares UltraPro Short S&P 500 in 2025 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

156% more capital invested

Capital invested by funds: $36.8M → $94.3M (+$57.5M)

117% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 12

100% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 4

33% more funds holding

Funds holding: 36 → 48 (+12)

1.51% more ownership

Funds ownership: 1.8% → 3.31% (+1.5%)

26% less call options, than puts

Call options by funds: $20.4M | Put options by funds: $27.7M

Holders
48
Holders Change
+12
Holders Change %
+33.33%
% of All Funds
0.63%
Holding in Top 10
4
Holding in Top 10 Change
+4
Holding in Top 10 Change %
% of All Funds
0.05%
New
26
Increased
8
Reduced
4
Closed
12
Calls
$20.4M
Puts
$27.7M
Net Calls
-$7.22M
Net Calls Change
-$15M

Top Buyers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
+$13.2M
2
SCM
Sollinda Capital Management
Florida
+$10.4M
3
AWM
Axxcess Wealth Management
California
+$8.84M
4
RCM
Ridgepath Capital Management
Tennessee
+$8.84M
5
JP Morgan Chase
JP Morgan Chase
New York
+$4.89M

Top Sellers

Rank Fund Capital Flow
1
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$17.1M
2
CCP
Clough Capital Partners
Massachusetts
-$2.01M
3
Squarepoint
Squarepoint
New York
-$1.31M
4
DS
DRW Securities
Illinois
-$1.11M
5
GHA
GW Henssler & Associates
Georgia
-$810K
Name Holding Trade Value Shares
Change 		Change in
Stake
CI
26
Corient IA
Florida
$216K +$244K +4,000 New
Corient Private Wealth
27
Corient Private Wealth
Florida
$216K +$244K +4,000 New
Bank of America
28
Bank of America
North Carolina
$177K +$200K +3,275 New
FAG
29
Fortitude Advisory Group
Washington
$157K +$178K +2,906 New
Cerity Partners
30
Cerity Partners
New York
$153K – – –
EWA
31
EverSource Wealth Advisors
Alabama
$85.8K +$2.38K +39 +3%
SS
32
SBI Securities
Japan
$64.8K +$63.1K +1,032 +618%
Optiver Holding
33
Optiver Holding
Netherlands
$37.9K +$42.9K +702 New
Citigroup
34
Citigroup
New York
$36K – – –
TWC
35
TD Waterhouse Canada
Ontario, Canada
$26.7K +$30.6K +500 New
PA
36
Parallel Advisors
California
$22.9K -$16.3K -266 -39%
HighTower Advisors
37
HighTower Advisors
Illinois
$8.69K +$9.84K +161 New
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$8.41K – – –
Osaic Holdings
39
Osaic Holdings
Arizona
$7.74K +$8.19K +134 +1,675%
CIBC Private Wealth Group
40
CIBC Private Wealth Group
Georgia
$5.61K – – –
OP
41
ORG Partners
Indiana
$4.05K +$4.58K +75 New
BNP Paribas Financial Markets
42
BNP Paribas Financial Markets
France
$2.24K +$2.57K +42 New
Morgan Stanley
43
Morgan Stanley
New York
$1.23K -$111K -1,819 -99%
ANBT
44
American National Bank & Trust
Texas
$648 – – –
LWMI
45
Legacy Wealth Management (Idaho)
Idaho
$406 – – –
SIS
46
Strategic Investment Solutions
Illinois
$270 – – –
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$162 – – –
S
48
SignatureFD
Georgia
$81 – – –
HNB
49
Huntington National Bank
Ohio
$39 – – –
AF
50
Allworth Financial
California
$14 – – –
1
2
3

SPXU Hedge Fund Activity: Q3 2025 in Review

48 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro Short S&P 500 (SPXU) for Q3 2025, worth a combined $94.3M — up 156% from $36.8M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new SPXU positions and 12 closed out — a net gain of 14 holders — while 8 added to existing stakes and 4 trimmed.

The largest buyer was IMC Chicago, opening a new position worth an estimated $13.2M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $17.1M sold.

  • 48 institutional investors held ProShares UltraPro Short S&P 500 (SPXU) as of Q3 2025, up from 36 in Q2 2025.
  • Funds reported $94.3M of ProShares UltraPro Short S&P 500 stock for Q3 2025, up 156% quarter-over-quarter.
  • 26 funds opened new ProShares UltraPro Short S&P 500 positions in Q3 2025 and 12 closed out, a net change of +14 holders.
  • The largest ProShares UltraPro Short S&P 500 buyer in Q3 2025 was IMC Chicago, an estimated $13.2M added.
  • The largest ProShares UltraPro Short S&P 500 seller in Q3 2025 was Kovitz Investment Group Partners, an estimated $17.1M sold.

Based on aggregated 13F filings for Q3 2025.