ProShares UltraPro Short QQQ
SQQQ
80 hedge funds and large institutions have $247M invested in ProShares UltraPro Short QQQ in 2025 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 35 increasing their positions, 17 reducing their positions, and 32 closing their positions.
106% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 17
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
81% more call options, than puts
Call options by funds: $956M | Put options by funds: $529M
10.72% more ownership
Funds ownership: 0% → 10.72% (+11%)
1% more capital inflows, than outflows
Capital inflows: $151M | Capital outflows: $150M
10% less funds holding
Funds holding: 89 → 80 (-9)
22% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAA
TB Alternative Assets
Grand Cayman,
Cayman Islands
|
+$24.3M |
| 2 |
Citigroup
New York
|
+$22.8M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$17.8M |
| 4 |
Goldman Sachs
New York
|
+$17.6M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$15.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$68.6M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$30.4M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$10.2M |
| 4 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$7.68M |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$3.44M |
SQQQ Hedge Fund Activity: Q4 2025 in Review
80 of the 8,287 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro Short QQQ (SQQQ) for Q4 2025, worth a combined $247M — down 11% from $277M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of SQQQ and 25 opened new positions — a net loss of 7 holders — while 17 trimmed existing stakes and 35 added.
The largest buyer was TB Alternative Assets, adding an estimated $24.3M. The largest seller was Jane Street, cutting an estimated $68.6M.
- 80 institutional investors held ProShares UltraPro Short QQQ (SQQQ) as of Q4 2025, down from 89 in Q3 2025.
- Funds reported $247M of ProShares UltraPro Short QQQ stock for Q4 2025, down 11% quarter-over-quarter.
- 25 funds opened new ProShares UltraPro Short QQQ positions in Q4 2025 and 32 closed out, a net change of -7 holders.
- The largest ProShares UltraPro Short QQQ buyer in Q4 2025 was TB Alternative Assets, an estimated $24.3M added.
- The largest ProShares UltraPro Short QQQ seller in Q4 2025 was Jane Street, an estimated $68.6M sold.
Based on aggregated 13F filings for Q4 2025.