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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$72.7M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
+$38.8M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$15.3M |
| 4 |
TAA
TB Alternative Assets
Grand Cayman,
Cayman Islands
|
+$9.77M |
| 5 |
ST
Smithfield Trust
Pittsburgh,
Pennsylvania
|
+$7.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QFMHK
Q Fund Management (Hong Kong)
Hong Kong,
|
-$11.1M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$9.8M |
| 3 |
TSC
Two Seas Capital
Rye,
New York
|
-$9.79M |
| 4 |
Walleye Trading
New York
|
-$4.12M |
| 5 |
Squarepoint
New York
|
-$2.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
101
Sepio Capital
Salt Lake City,
Utah
| – | -$226K | -2,308 | Closed |
|
102
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$215K | -2,194 | Closed |
|
|
KC
103
Knuff & Co
Foster City,
California
| – | -$97.8K | -1,000 | Closed |
|
|
AGWCA
104
Annis Gardner Whiting Capital Advisors
Tampa,
Florida
| – | -$39.1K | -400 | Closed |
|
|
AWM
105
Atticus Wealth Management
Palm Beach Gardens,
Florida
| – | -$13.7K | -140 | Closed |
|
106
Bank of America
Charlotte,
North Carolina
| – | -$1.57K | -16 | Closed |
|
|
TCM
107
Tradewinds Capital Management
Bellingham,
Washington
| – | -$979 | -10 | Closed |
|
108
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -6 | Closed |
|
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.