ProShares Ultra 20+ Year Treasury
UBT
11 hedge funds and large institutions have $3.95M invested in ProShares Ultra 20+ Year Treasury in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 7 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
4.69% less ownership
Funds ownership: 9.13% → 4.44% (-4.7%)
31% less funds holding
Funds holding: 16 → 11 (-5)
55% less capital invested
Capital invested by funds: $8.87M → $3.95M (-$4.92M)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$605K |
| 2 |
Jane Street
New York
|
+$516K |
| 3 |
CICI
Capital Investment Counsel Inc
Raleigh,
North Carolina
|
+$157K |
| 4 |
PCA
PMV Capital Advisers
Dallas,
Texas
|
+$106K |
| 5 |
IWP
Innova Wealth Partners
Newtown,
Pennsylvania
|
+$28.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFIM
Client First Investment Management
West Bend,
Wisconsin
|
-$2.32M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.99M |
| 3 |
RFM
Royal Fund Management
Lady Lake,
Florida
|
-$659K |
| 4 |
TFA
Toth Financial Advisory
Leesburg,
Virginia
|
-$434K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$410K |
UBT Hedge Fund Activity: Q4 2025 in Review
11 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra 20+ Year Treasury (UBT) for Q4 2025, worth a combined $3.95M — down 55% from $8.87M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of UBT and 2 opened new positions — a net loss of 5 holders — while 3 trimmed existing stakes and 5 added.
The largest buyer was Citadel Advisors, adding an estimated $605K. The largest seller was Client First Investment Management, exiting entirely with an estimated $2.32M sold.
- 11 institutional investors held ProShares Ultra 20+ Year Treasury (UBT) as of Q4 2025, down from 16 in Q3 2025.
- Funds reported $3.95M of ProShares Ultra 20+ Year Treasury stock for Q4 2025, down 55% quarter-over-quarter.
- 2 funds opened new ProShares Ultra 20+ Year Treasury positions in Q4 2025 and 7 closed out, a net change of -5 holders.
- The largest ProShares Ultra 20+ Year Treasury buyer in Q4 2025 was Citadel Advisors, an estimated $605K added.
- The largest ProShares Ultra 20+ Year Treasury seller in Q4 2025 was Client First Investment Management, an estimated $2.32M sold.
Based on aggregated 13F filings for Q4 2025.