We are live on ! Find out more
SPXU icon

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
T2I
1
Turim 21 Investimentos
Brazil
$22.4M +$569K +9,317 New
IMC Chicago
2
IMC Chicago
Illinois
$11.7M +$13.2M +216,551 New
SCM
3
Sollinda Capital Management
Florida
$9.18M +$10.4M +169,818 New
AWM
4
Axxcess Wealth Management
California
$7.81M +$8.84M +144,590 New
RCM
5
Ridgepath Capital Management
Tennessee
$7.81M +$8.84M +144,590 New
JF
6
Jump Financial
Illinois
$7.39M +$1.69M +27,720 +25%
JP Morgan Chase
7
JP Morgan Chase
New York
$4.35M +$4.89M +80,068 +16,241%
G
8
Gainplan
Michigan
$4.05M +$4.58M +75,000 New
TSS
9
Two Sigma Securities
New York
$3.96M +$4.48M +73,352 New
Simplex Trading
10
Simplex Trading
Illinois
$2.8M +$3.17M +51,901 New
TRCT
11
Tower Research Capital (TRC)
New York
$2.25M +$1.72M +28,111 +209%
Susquehanna International Group
12
Susquehanna International Group
Pennsylvania
$1.48M +$254K +4,163 +18%
HF
13
HRT Financial
New York
$1.46M +$1.65M +27,065 New
XT
14
XTX Topco
Cayman Islands
$1.18M +$1.33M +21,842 New
Wolverine Trading
15
Wolverine Trading
Illinois
$1.07M +$731K +11,955 +158%
UBS Group
16
UBS Group
Switzerland
$893K -$135K -2,201 -12%
BCMIO
17
Beacon Capital Management Inc (Ohio)
Ohio
$608K – – –
Citadel Advisors
18
Citadel Advisors
Florida
$565K +$639K +10,461 New
TI
19
Tidal Investments
Wisconsin
$386K -$247K -4,049 -36%
Group One Trading
20
Group One Trading
Illinois
$367K +$415K +6,795 New
IAN
21
Integrated Advisors Network
Texas
$338K +$382K +6,250 New
SIA
22
Soltis Investment Advisors
Utah
$324K +$367K +6,000 New
EP
23
Edgestream Partners
New Jersey
$242K +$274K +4,484 New
SG
24
StoneX Group
New York
$241K +$273K +4,463 New
PW
25
PUREfi Wealth
Massachusetts
$235K +$266K +4,350 New
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.