ProShares UltraPro Short QQQ
SQQQ
72 hedge funds and large institutions have $168M invested in ProShares UltraPro Short QQQ in 2025 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 25 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 12
32% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 25
21% more call options, than puts
Call options by funds: $191M | Put options by funds: $158M
13% more funds holding
Funds holding: 64 → 72 (+8)
16.55% less ownership
Funds ownership: 16.55% → 0% (-17%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
59% less capital invested
Capital invested by funds: $410M → $168M (-$242M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$35.8M |
| 2 |
TSC
Two Seas Capital
Rye,
New York
|
+$14.3M |
| 3 |
Squarepoint
New York
|
+$9.53M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
+$7.74M |
| 5 |
LG
Lane Generational
Dover,
Massachusetts
|
+$6.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$109M |
| 2 |
Optiver Holding
Amsterdam,
Netherlands
|
-$37.4M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$17.3M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
-$16.6M |
| 5 |
ST
Smithfield Trust
Pittsburgh,
Pennsylvania
|
-$4.08M |
SQQQ Hedge Fund Activity: Q2 2025 in Review
72 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro Short QQQ (SQQQ) for Q2 2025, worth a combined $168M — down 59% from $410M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new SQQQ positions and 25 closed out — a net gain of 8 holders — while 19 added to existing stakes and 12 trimmed.
The largest buyer was UBS Group, adding an estimated $35.8M. The largest seller was Jane Street, cutting an estimated $109M.
- 72 institutional investors held ProShares UltraPro Short QQQ (SQQQ) as of Q2 2025, up from 64 in Q1 2025.
- Funds reported $168M of ProShares UltraPro Short QQQ stock for Q2 2025, down 59% quarter-over-quarter.
- 33 funds opened new ProShares UltraPro Short QQQ positions in Q2 2025 and 25 closed out, a net change of +8 holders.
- The largest ProShares UltraPro Short QQQ buyer in Q2 2025 was UBS Group, an estimated $35.8M added.
- The largest ProShares UltraPro Short QQQ seller in Q2 2025 was Jane Street, an estimated $109M sold.
Based on aggregated 13F filings for Q2 2025.