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ProShares UltraPro Short QQQ
SQQQ

89 hedge funds and large institutions have $277M invested in ProShares UltraPro Short QQQ in 2025 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 28 increasing their positions, 11 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

155% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 11

100% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 18

65% more capital invested

Capital invested by funds: $168M → $277M (+$109M)

43% more call options, than puts

Call options by funds: $182M | Put options by funds: $127M

25% more funds holding

Funds holding: 71 → 89 (+18)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.29% less ownership

Funds ownership: 1.29% → 0% (-1.3%)

Holders
89
Holders Change
+18
Holders Change %
+25.35%
% of All Funds
1.17%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
36
Increased
28
Reduced
11
Closed
18
Calls
$182M
Puts
$127M
Net Calls
+$54.9M
Net Calls Change
+$22.1M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$72.7M
2
QC
Quadrature Capital
United Kingdom
+$38.8M
3
UBS Group
UBS Group
Switzerland
+$15.3M
4
TAA
TB Alternative Assets
Cayman Islands
+$9.77M
5
ST
Smithfield Trust
Pennsylvania
+$7.61M

Top Sellers

Rank Fund Capital Flow
1
QFMHK
Q Fund Management (Hong Kong)
-$11.1M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$9.8M
3
TSC
Two Seas Capital
New York
-$9.79M
4
Walleye Trading
Walleye Trading
New York
-$4.12M
5
Squarepoint
Squarepoint
New York
-$2.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
William Blair & Company
76
William Blair & Company
Illinois
$6.09K – – –
S
77
SignatureFD
Georgia
$3.84K +$4.43K +50 New
WANY
78
Wealthspire Advisors (New York)
New York
$3.82K +$4.43K +50 New
HI
79
Harbour Investments
Wisconsin
$2.44K – – –
WCM
80
Westend Capital Management
California
$2.25K +$2.66K +30 New
FDCDDQ
81
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.68K +$266 +3 +16%
MCM
82
MAI Capital Management
Ohio
$1.52K -$32.8K -370 -95%
1M
83
1248 Management
Missouri
$1.52K – – –
CIBC Private Wealth Group
84
CIBC Private Wealth Group
Georgia
$1.1K – – –
Northwestern Mutual Wealth Management
85
Northwestern Mutual Wealth Management
Wisconsin
$888 +$886 +10 +500%
FRA
86
Front Row Advisors
California
$609 – – –
SCM
87
Sterling Capital Management
North Carolina
$457 – – –
NA
88
NewEdge Advisors
Louisiana
$183 – – –
Wells Fargo
89
Wells Fargo
California
$42 +$89 +1 New
AWM
90
Activest Wealth Management
Florida
$7 – – –
QFMHK
91
Q Fund Management (Hong Kong)
– -$11.1M -112,943 Closed
TSC
92
Two Seas Capital
New York
– -$9.79M -100,000 Closed
Walleye Trading
93
Walleye Trading
New York
– -$4.12M -42,125 Closed
RC
94
RBF Capital
California
– -$1.49M -15,223 Closed
BNP Paribas Financial Markets
95
BNP Paribas Financial Markets
France
– -$853K -8,720 Closed
SWM
96
Schwallier Wealth Management
Michigan
– -$851K -8,700 Closed
TSS
97
Two Sigma Securities
New York
– -$694K -7,095 Closed
SA
98
Sanctuary Advisors
Indiana
– -$256K -2,614 Closed
Belvedere Trading
99
Belvedere Trading
Illinois
– -$249K -2,540 Closed
TCWM
100
Total Clarity Wealth Management
Illinois
– -$241K -2,464 Closed
1 2 3
4
5

SQQQ Hedge Fund Activity: Q3 2025 in Review

89 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro Short QQQ (SQQQ) for Q3 2025, worth a combined $277M — up 65% from $168M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new SQQQ positions and 18 closed out — a net gain of 18 holders — while 28 added to existing stakes and 11 trimmed.

The largest buyer was Jane Street, adding an estimated $72.7M. The largest seller was Q Fund Management (Hong Kong), exiting entirely with an estimated $11.1M sold.

  • 89 institutional investors held ProShares UltraPro Short QQQ (SQQQ) as of Q3 2025, up from 71 in Q2 2025.
  • Funds reported $277M of ProShares UltraPro Short QQQ stock for Q3 2025, up 65% quarter-over-quarter.
  • 36 funds opened new ProShares UltraPro Short QQQ positions in Q3 2025 and 18 closed out, a net change of +18 holders.
  • The largest ProShares UltraPro Short QQQ buyer in Q3 2025 was Jane Street, an estimated $72.7M added.
  • The largest ProShares UltraPro Short QQQ seller in Q3 2025 was Q Fund Management (Hong Kong), an estimated $11.1M sold.

Based on aggregated 13F filings for Q3 2025.