ProShares UltraPro S&P 500
UPRO
96 hedge funds and large institutions have $107M invested in ProShares UltraPro S&P 500 in 2025 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 26 increasing their positions, 23 reducing their positions, and 31 closing their positions.
57% more call options, than puts
Call options by funds: $159M | Put options by funds: $102M
13% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 23
7.51% less ownership
Funds ownership: 10.6% → 3.09% (-7.5%)
16% less funds holding
Funds holding: 114 → 96 (-18)
55% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 31
85% less capital invested
Capital invested by funds: $689M → $107M (-$583M)
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| 1 |
IMC Chicago
Chicago,
Illinois
|
+$18.4M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$14.4M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$4.41M |
| 4 |
SFA
Spectrum Financial Alliance
Nicholasville,
Kentucky
|
+$2.58M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.88M |
Top Sellers
| 1 |
HCM
Howard Capital Management
Roswell,
Georgia
|
-$193M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$66.4M |
| 3 |
Jane Street
New York
|
-$48.3M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
-$9.71M |
| 5 |
RAM
Revere Asset Management
Dallas,
Texas
|
-$8.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RTL
126
Red Tortoise LLC
Atlanta,
Georgia
| – | -$2.93K | -33 | Closed |
|
127
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$1K | -14 | Closed |
|
128
Fidelity Investments
Boston,
Massachusetts
| – | -$89 | -1 | Closed |
|
UPRO Hedge Fund Activity: Q1 2025 in Review
96 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro S&P 500 (UPRO) for Q1 2025, worth a combined $107M — down 85% from $689M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of UPRO and 14 opened new positions — a net loss of 17 holders — while 23 trimmed existing stakes and 26 added.
The largest buyer was IMC Chicago, opening a new position worth an estimated $18.4M. The largest seller was Howard Capital Management, exiting entirely with an estimated $193M sold.
- 96 institutional investors held ProShares UltraPro S&P 500 (UPRO) as of Q1 2025, down from 114 in Q4 2024.
- Funds reported $107M of ProShares UltraPro S&P 500 stock for Q1 2025, down 85% quarter-over-quarter.
- 14 funds opened new ProShares UltraPro S&P 500 positions in Q1 2025 and 31 closed out, a net change of -17 holders.
- The largest ProShares UltraPro S&P 500 buyer in Q1 2025 was IMC Chicago, an estimated $18.4M added.
- The largest ProShares UltraPro S&P 500 seller in Q1 2025 was Howard Capital Management, an estimated $193M sold.
Based on aggregated 13F filings for Q1 2025.