ProShares Ultra S&P500
214 hedge funds and large institutions have $538M invested in ProShares Ultra S&P500 in 2026 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 63 increasing their positions, 79 reducing their positions, and 62 closing their positions.
114% more call options, than puts
Call options by funds: $110M | Put options by funds: $51.2M
14.11% less ownership
Funds ownership: 24.06% → 9.95% (-14%)
19% less funds holding
Funds holding: 263 → 214 (-49)
20% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 79
41% less funds holding in top 10
Funds holding in top 10: 17 → 10 (-7)
68% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 62
71% less capital invested
Capital invested by funds: $1.84B → $538M (-$1.3B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
+$22.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$14.7M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$8.57M |
| 4 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$4.78M |
| 5 |
PRS
Pinkerton Retirement Specialists
Coeur D Alene,
Idaho
|
+$4.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Howard Capital Management
Roswell,
Georgia
|
-$798M |
| 2 |
AssetMark Inc
Concord,
California
|
-$196M |
| 3 |
RAM
Revere Asset Management
Dallas,
Texas
|
-$29.5M |
| 4 |
SCM
Sollinda Capital Management
Miami,
Florida
|
-$28.3M |
| 5 |
CFIM
Client First Investment Management
West Bend,
Wisconsin
|
-$24.1M |
SSO Hedge Fund Activity: Q1 2026 in Review
214 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra S&P500 (SSO) for Q1 2026, worth a combined $538M — down 71% from $1.84B a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of SSO and 20 opened new positions — a net loss of 42 holders — while 79 trimmed existing stakes and 63 added.
The largest buyer was Virtue Capital Management, opening a new position worth an estimated $22.4M. The largest seller was Howard Capital Management, exiting entirely with an estimated $798M sold.
- 214 institutional investors held ProShares Ultra S&P500 (SSO) as of Q1 2026, down from 263 in Q4 2025.
- Funds reported $538M of ProShares Ultra S&P500 stock for Q1 2026, down 71% quarter-over-quarter.
- 20 funds opened new ProShares Ultra S&P500 positions in Q1 2026 and 62 closed out, a net change of -42 holders.
- The largest ProShares Ultra S&P500 buyer in Q1 2026 was Virtue Capital Management, an estimated $22.4M added.
- The largest ProShares Ultra S&P500 seller in Q1 2026 was Howard Capital Management, an estimated $798M sold.
Based on aggregated 13F filings for Q1 2026.