ProShares UltraPro Short S&P 500
SPXU
34 hedge funds and large institutions have $45.8M invested in ProShares UltraPro Short S&P 500 in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 25 closing their positions.
2.35% more ownership
Funds ownership: 3.31% → 5.66% (+2.4%)
0% more call options, than puts
Call options by funds: $92.1M | Put options by funds: $92M
29% less funds holding
Funds holding: 48 → 34 (-14)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
51% less capital invested
Capital invested by funds: $94.3M → $45.8M (-$48.5M)
52% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
+$6.01M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$1.9M |
| 3 |
GS
GTS Securities
Miami,
Florida
|
+$1.68M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.6M |
| 5 |
Jane Street
New York
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$11.3M |
| 2 |
SCM
Sollinda Capital Management
Miami,
Florida
|
-$9.18M |
| 3 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$7.81M |
| 4 |
RCM
Ridgepath Capital Management
Knoxville,
Tennessee
|
-$7.81M |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
-$7.39M |
SPXU Hedge Fund Activity: Q4 2025 in Review
34 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro Short S&P 500 (SPXU) for Q4 2025, worth a combined $45.8M — down 51% from $94.3M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of SPXU and 12 opened new positions — a net loss of 13 holders — while 12 trimmed existing stakes and 6 added.
The largest buyer was Quadrature Capital, opening a new position worth an estimated $6.01M. The largest seller was IMC Chicago, exiting entirely with an estimated $11.3M sold.
- 34 institutional investors held ProShares UltraPro Short S&P 500 (SPXU) as of Q4 2025, down from 48 in Q3 2025.
- Funds reported $45.8M of ProShares UltraPro Short S&P 500 stock for Q4 2025, down 51% quarter-over-quarter.
- 12 funds opened new ProShares UltraPro Short S&P 500 positions in Q4 2025 and 25 closed out, a net change of -13 holders.
- The largest ProShares UltraPro Short S&P 500 buyer in Q4 2025 was Quadrature Capital, an estimated $6.01M added.
- The largest ProShares UltraPro Short S&P 500 seller in Q4 2025 was IMC Chicago, an estimated $11.3M sold.
Based on aggregated 13F filings for Q4 2025.