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ProShares UltraPro S&P 500
UPRO

145 hedge funds and large institutions have $370M invested in ProShares UltraPro S&P 500 in 2025 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 28 increasing their positions, 49 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 4 → 8 (+4)

100% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 18

13% more funds holding

Funds holding: 128 → 145 (+17)

3.4% less ownership

Funds ownership: 12.15% → 8.75% (-3.4%)

28% less call options, than puts

Call options by funds: $229M | Put options by funds: $316M

34% less capital invested

Capital invested by funds: $561M → $370M (-$192M)

43% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 49

Holders
145
Holders Change
+17
Holders Change %
+13.28%
% of All Funds
1.76%
Holding in Top 10
8
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+100%
% of All Funds
0.1%
New
36
Increased
28
Reduced
49
Closed
18
Calls
$229M
Puts
$316M
Net Calls
-$87.1M
Net Calls Change
-$36.6M

Top Buyers

1
BW
BXM Wealth
Colorado
+$23M
2
RVM
Robinson Value Management
Texas
+$16.7M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$6.82M
4
SFA
Spectrum Financial Alliance
Kentucky
+$3.94M
5
JF
Jump Financial
Illinois
+$3.49M

Top Sellers

1
PFM
Potomac Fund Management
Florida
-$234M
2
AssetMark Inc
AssetMark Inc
California
-$23.7M
3
HCM
Howard Capital Management
Georgia
-$18.8M
4
UBS Group
UBS Group
Switzerland
-$4.53M
5
QC
Quadrature Capital
United Kingdom
-$2.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lido Advisors
26
Lido Advisors
California
$2.09M – – –
EWA
27
EverSource Wealth Advisors
Alabama
$1.8M -$803K -7,027 -31%
GSEP
28
Golden State Equity Partners
California
$1.65M -$29.3K -256 -2%
TFA
29
Toth Financial Advisory
Virginia
$1.63M -$226K -1,976 -12%
HF
30
HRT Financial
New York
$1.59M +$1.57M +13,716 New
Renaissance Technologies
31
Renaissance Technologies
New York
$1.57M -$537K -4,700 -26%
EIP
32
Ellis Investment Partners
Pennsylvania
$1.16M -$15.5K -136 -1%
HCMG
33
Howard Capital Management Group
California
$1.16M +$1.14M +10,000 New
WIA
34
World Investment Advisors
California
$1.06M +$31.3K +274 +3%
UBS Group
35
UBS Group
Switzerland
$1.05M -$4.53M -39,629 -81%
Mariner
36
Mariner
Kansas
$1.01M -$443K -3,873 -31%
BPA
37
Beacon Pointe Advisors
California
$993K – – –
WP
38
Westmount Partners
California
$970K +$6.4K +56 +0.7%
FPL
39
Fortress Private Ledger
North Carolina
$932K +$263K +2,299 +40%
BMCM
40
Bryn Mawr Capital Management
Pennsylvania
$918K – – –
TFO
41
Timonier Family Office
North Carolina
$911K -$33.7K -295 -4%
SIS
42
Sound Income Strategies
Florida
$873K +$830K +7,266 New
KL
43
KWMG LLC
Kansas
$790K +$1.26K +11 +0.2%
Qube Research & Technologies (QRT)
44
Qube Research & Technologies (QRT)
United Kingdom
$786K +$337K +2,952 +77%
EFG
45
Erickson Financial Group
Pennsylvania
$780K -$161K -1,406 -17%
FFS
46
Founders Financial Securities
Maryland
$765K -$146K -1,280 -16%
SCM
47
Sollinda Capital Management
Florida
$717K -$713K -6,235 -50%
DWS
48
Discipline Wealth Solutions
South Carolina
$715K -$105K -919 -13%
AFA
49
American Financial Advisors
Georgia
$690K -$9.71K -85 -1%
FLPIM
50
F.L. Putnam Investment Management
Massachusetts
$672K -$33.8K -296 -5%
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UPRO Hedge Fund Activity: Q4 2025 in Review

145 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro S&P 500 (UPRO) for Q4 2025, worth a combined $370M — down 34% from $561M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new UPRO positions and 18 closed out — a net gain of 18 holders — while 28 added to existing stakes and 49 trimmed.

The largest buyer was BXM Wealth, opening a new position worth an estimated $23M. The largest seller was Potomac Fund Management, exiting entirely with an estimated $234M sold.

  • 145 institutional investors held ProShares UltraPro S&P 500 (UPRO) as of Q4 2025, up from 128 in Q3 2025.
  • Funds reported $370M of ProShares UltraPro S&P 500 stock for Q4 2025, down 34% quarter-over-quarter.
  • 36 funds opened new ProShares UltraPro S&P 500 positions in Q4 2025 and 18 closed out, a net change of +18 holders.
  • The largest ProShares UltraPro S&P 500 buyer in Q4 2025 was BXM Wealth, an estimated $23M added.
  • The largest ProShares UltraPro S&P 500 seller in Q4 2025 was Potomac Fund Management, an estimated $234M sold.

Based on aggregated 13F filings for Q4 2025.