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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
Carson Wealth (CWM LLC)
126
Carson Wealth (CWM LLC)
Nebraska
$12K +$11.4K +100 New
Royal Bank of Canada
127
Royal Bank of Canada
Ontario, Canada
$12K +$11.4K +100 New
SIS
128
Strategic Investment Solutions
Illinois
$11.6K +$11.4K +100 New
PFBT
129
Parkside Financial Bank & Trust
Missouri
$10.8K – – –
PWPS
130
Pinnacle Wealth Planning Services
Ohio
$10.2K +$10.1K +88 New
AWM
131
AE Wealth Management
Kansas
$9.49K – – –
PA
132
Parallel Advisors
California
$6.94K -$14.3K -125 -68%
CA
133
CoreCap Advisors
Michigan
$6.32K -$5.14K -45 -45%
LA
134
LM Advisors
California
$5.72K -$524K -4,588 -87%
QC
135
Quent Capital
New York
$4.09K – – –
RDFA
136
Ritter Daniher Financial Advisory
Ohio
$3.59K – – –
KPP
137
Kings Path Partners
Texas
$3.01K -$229 -2 -7%
HCM
138
Hollencrest Capital Management
California
$2.89K – – –
IA
139
IFP Advisors
Florida
$1.85K – – –
Osaic Holdings
140
Osaic Holdings
Arizona
$1.39K -$2.63K -23 -66%
HI
141
Harbour Investments
Wisconsin
$1.27K +$1.26K +11 New
LAMC
142
Longview Asset Management (California)
California
$1.16K -$457 -4 -29%
AWM
143
Abound Wealth Management
Tennessee
$695 – – –
Wells Fargo
144
Wells Fargo
California
$207 – – –
MI
145
Motiv8 Investments
Florida
$1 +$1.14K +10 New
PFM
146
Potomac Fund Management
Florida
– -$234M -2,095,597 Closed
QC
147
Quadrature Capital
United Kingdom
– -$2.08M -18,674 Closed
SPW
148
Surience Private Wealth
Washington
– -$903K -8,096 Closed
WFA
149
WMG Financial Advisors
Tennessee
– -$810K -7,266 Closed
Vontobel Holding
150
Vontobel Holding
Switzerland
– -$725K -6,500 Closed
3 4 5
6
7

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.