ProShares Ultra S&P500
263 hedge funds and large institutions have $1.84B invested in ProShares Ultra S&P500 in 2025 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 76 increasing their positions, 86 reducing their positions, and 21 closing their positions.
124% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 21
45% more call options, than puts
Call options by funds: $118M | Put options by funds: $81.6M
9% more funds holding
Funds holding: 241 → 263 (+22)
0% more funds holding in top 10
Funds holding in top 10: 17 → 17 (0)
12% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 86
22% less capital invested
Capital invested by funds: $2.35B → $1.84B (-$517M)
37.46% less ownership
Funds ownership: 61.51% → 24.06% (-37%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFIM
Client First Investment Management
West Bend,
Wisconsin
|
+$20.5M |
| 2 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$17M |
| 3 |
NIA
NBZ Investment Advisors
Knoxville,
Tennessee
|
+$15.5M |
| 4 |
GVCM
Global View Capital Management
Waukesha,
Wisconsin
|
+$14.2M |
| 5 |
SP
Sherman Porfolios
Coeur D'alene,
Idaho
|
+$6.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
-$561M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$44.1M |
| 3 |
SCM
Sollinda Capital Management
Miami,
Florida
|
-$39M |
| 4 |
RCM
Ridgepath Capital Management
Knoxville,
Tennessee
|
-$20.3M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$13.4M |
SSO Hedge Fund Activity: Q4 2025 in Review
263 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra S&P500 (SSO) for Q4 2025, worth a combined $1.84B — down 22% from $2.35B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new SSO positions and 21 closed out — a net gain of 26 holders — while 76 added to existing stakes and 86 trimmed.
The largest buyer was Client First Investment Management, adding an estimated $20.5M. The largest seller was AssetMark Inc, cutting an estimated $561M.
- 263 institutional investors held ProShares Ultra S&P500 (SSO) as of Q4 2025, up from 241 in Q3 2025.
- Funds reported $1.84B of ProShares Ultra S&P500 stock for Q4 2025, down 22% quarter-over-quarter.
- 47 funds opened new ProShares Ultra S&P500 positions in Q4 2025 and 21 closed out, a net change of +26 holders.
- The largest ProShares Ultra S&P500 buyer in Q4 2025 was Client First Investment Management, an estimated $20.5M added.
- The largest ProShares Ultra S&P500 seller in Q4 2025 was AssetMark Inc, an estimated $561M sold.
Based on aggregated 13F filings for Q4 2025.