ProShares Ultra Gold
UGL
40 hedge funds and large institutions have $49M invested in ProShares Ultra Gold in 2026 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 22 closing their positions.
73% more call options, than puts
Call options by funds: $19.8M | Put options by funds: $11.4M
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
1.49% less ownership
Funds ownership: 9.35% → 7.87% (-1.5%)
29% less funds holding
Funds holding: 56 → 40 (-16)
51% less capital invested
Capital invested by funds: $101M → $49M (-$51.8M)
68% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 22
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
+$3.08M |
| 2 |
TTA
Thor Trading Advisors
Greensburg,
Pennsylvania
|
+$1.6M |
| 3 |
GAA
Global Assets Advisory
Orlando,
Florida
|
+$1.14M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$1.08M |
| 5 |
MCM
MAI Capital Management
Independence,
Ohio
|
+$982K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAA
TB Alternative Assets
Grand Cayman,
Cayman Islands
|
-$23.3M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
-$2.68M |
| 3 |
CUAMC
China Universal Asset Management Company
Shanghai,
China
|
-$2.2M |
| 4 |
Morgan Stanley
New York
|
-$1.31M |
| 5 |
EW
Evoke Wealth
Los Angeles,
California
|
-$1.07M |
UGL Hedge Fund Activity: Q2 2026 in Review
40 of the 8,318 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra Gold (UGL) for Q2 2026, worth a combined $49M — down 51% from $101M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of UGL and 7 opened new positions — a net loss of 15 holders — while 11 trimmed existing stakes and 11 added.
The largest buyer was Quadrature Capital, adding an estimated $3.08M. The largest seller was TB Alternative Assets, cutting an estimated $23.3M.
- 40 institutional investors held ProShares Ultra Gold (UGL) as of Q2 2026, down from 56 in Q1 2026.
- Funds reported $49M of ProShares Ultra Gold stock for Q2 2026, down 51% quarter-over-quarter.
- 7 funds opened new ProShares Ultra Gold positions in Q2 2026 and 22 closed out, a net change of -15 holders.
- The largest ProShares Ultra Gold buyer in Q2 2026 was Quadrature Capital, an estimated $3.08M added.
- The largest ProShares Ultra Gold seller in Q2 2026 was TB Alternative Assets, an estimated $23.3M sold.
Based on aggregated 13F filings for Q2 2026.