ProShares UltraPro Short S&P 500
SPXU
36 hedge funds and large institutions have $36.8M invested in ProShares UltraPro Short S&P 500 in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 15 closing their positions.
35% more call options, than puts
Call options by funds: $30M | Put options by funds: $22.2M
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
3.8% less ownership
Funds ownership: 5.6% → 1.8% (-3.8%)
14% less funds holding
Funds holding: 42 → 36 (-6)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
69% less capital invested
Capital invested by funds: $121M → $36.8M (-$83.8M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$17.8M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$2.65M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.61M |
| 4 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$990K |
| 5 |
DS
DRW Securities
Chicago,
Illinois
|
+$659K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$32.1M |
| 2 |
CCA
Cadent Capital Advisors
Tulsa,
Oklahoma
|
-$13.5M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$10.7M |
| 4 |
Jane Street
New York
|
-$7.06M |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$6.55M |
SPXU Hedge Fund Activity: Q2 2025 in Review
36 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro Short S&P 500 (SPXU) for Q2 2025, worth a combined $36.8M — down 69% from $121M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of SPXU and 9 opened new positions — a net loss of 6 holders — while 7 trimmed existing stakes and 7 added.
The largest buyer was Kovitz Investment Group Partners, adding an estimated $17.8M. The largest seller was Citadel Advisors, exiting entirely with an estimated $32.1M sold.
- 36 institutional investors held ProShares UltraPro Short S&P 500 (SPXU) as of Q2 2025, down from 42 in Q1 2025.
- Funds reported $36.8M of ProShares UltraPro Short S&P 500 stock for Q2 2025, down 69% quarter-over-quarter.
- 9 funds opened new ProShares UltraPro Short S&P 500 positions in Q2 2025 and 15 closed out, a net change of -6 holders.
- The largest ProShares UltraPro Short S&P 500 buyer in Q2 2025 was Kovitz Investment Group Partners, an estimated $17.8M added.
- The largest ProShares UltraPro Short S&P 500 seller in Q2 2025 was Citadel Advisors, an estimated $32.1M sold.
Based on aggregated 13F filings for Q2 2025.