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ProShares UltraPro Short QQQ
SQQQ

64 hedge funds and large institutions have $410M invested in ProShares UltraPro Short QQQ in 2025 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

430% more call options, than puts

Call options by funds: $571M | Put options by funds: $108M

163% more capital invested

Capital invested by funds: $156M → $410M (+$254M)

1.9% more ownership

Funds ownership: 1.41% → 3.31% (+1.9%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

7% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 28

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

6% less funds holding

Funds holding: 68 → 64 (-4)

Holders
64
Holders Change
-4
Holders Change %
-5.88%
% of All Funds
0.86%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
26
Increased
12
Reduced
13
Closed
28
Calls
$571M
Puts
$108M
Net Calls
+$463M
Net Calls Change
+$103M

Top Buyers

1
Jane Street
Jane Street
New York
+$165M
2
Optiver Holding
Optiver Holding
Netherlands
+$41.8M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$15.4M
4
IMC Chicago
IMC Chicago
Illinois
+$14.3M
5
QC
Quadrature Capital
United Kingdom
+$13.7M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$26.5M
2
JF
Jump Financial
Illinois
-$14.2M
3
SCM
Sollinda Capital Management
Florida
-$13.9M
4
Squarepoint
Squarepoint
New York
-$7.33M
5
Simplex Trading
Simplex Trading
Illinois
-$4.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
Qube Research & Technologies (QRT)
51
Qube Research & Technologies (QRT)
United Kingdom
$14.2K -$3.79K -24 -24%
FS
52
Financially Speaking
Colorado
$11.5K +$9.49K +60 New
FDCDDQ
53
Federation des caisses Desjardins du Quebec
Quebec, Canada
$7.32K -$19.8K -125 -77%
CA
54
CoreCap Advisors
Michigan
$5.75K +$4.74K +30 New
Macquarie Group
55
Macquarie Group
Australia
$3.83K +$3.16K +20 New
TCM
56
Tradewinds Capital Management
Washington
$3.83K +$3.16K +20 New
BWM
57
Bernard Wealth Management
Michigan
$2.68K +$791 +5 +56%
SCM
58
Sterling Capital Management
North Carolina
$1.65K – – –
FRA
59
Front Row Advisors
California
$1.53K – – –
PNC Financial Services Group
60
PNC Financial Services Group
Pennsylvania
$1.34K – – –
Royal Bank of Canada
61
Royal Bank of Canada
Ontario, Canada
$1K -$1.26K -8 -57%
NA
62
NewEdge Advisors
Louisiana
$460 – – –
Northwestern Mutual Wealth Management
63
Northwestern Mutual Wealth Management
Wisconsin
$422 – – –
Bank of Montreal
64
Bank of Montreal
Ontario, Canada
$192 – – –
Wells Fargo
65
Wells Fargo
California
$57 – – –
AF
66
Allworth Financial
California
$33 -$158 -1 Closed
AWM
67
Activest Wealth Management
Florida
$17 – – –
JF
68
Jump Financial
Illinois
– -$14.2M -91,374 Closed
SCM
69
Sollinda Capital Management
Florida
– -$13.9M -89,484 Closed
Squarepoint
70
Squarepoint
New York
– -$7.33M -47,107 Closed
Simplex Trading
71
Simplex Trading
Illinois
– -$4.27M -27,424 Closed
Wolverine Trading
72
Wolverine Trading
Illinois
– -$3.62M -23,870 Closed
RCM
73
Ridgepath Capital Management
Tennessee
– -$3.22M -20,670 Closed
AWM
74
Axxcess Wealth Management
California
– -$3.14M -20,190 Closed
HT
75
Headlands Technologies
Illinois
– -$2.92M -18,768 Closed
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SQQQ Hedge Fund Activity: Q1 2025 in Review

64 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro Short QQQ (SQQQ) for Q1 2025, worth a combined $410M — up 163% from $156M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of SQQQ and 26 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 12 added.

The largest buyer was Jane Street, adding an estimated $165M. The largest seller was UBS Group, cutting an estimated $26.5M.

  • 64 institutional investors held ProShares UltraPro Short QQQ (SQQQ) as of Q1 2025, down from 68 in Q4 2024.
  • Funds reported $410M of ProShares UltraPro Short QQQ stock for Q1 2025, up 163% quarter-over-quarter.
  • 26 funds opened new ProShares UltraPro Short QQQ positions in Q1 2025 and 28 closed out, a net change of -2 holders.
  • The largest ProShares UltraPro Short QQQ buyer in Q1 2025 was Jane Street, an estimated $165M added.
  • The largest ProShares UltraPro Short QQQ seller in Q1 2025 was UBS Group, an estimated $26.5M sold.

Based on aggregated 13F filings for Q1 2025.