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.
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
Top Buyers
Top Sellers
| 1 |
PFM
Potomac Fund Management
Miami,
Florida
|
-$234M |
| 2 |
AssetMark Inc
Concord,
California
|
-$23.7M |
| 3 |
HCM
Howard Capital Management
Roswell,
Georgia
|
-$18.8M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$4.53M |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
-$2.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TSS
151
Two Sigma Securities
New York
| – | -$491K | -4,408 | Closed |
|
|
TWM
152
Triton Wealth Management
Sun City,
Arizona
| – | -$376K | -3,157 | Closed |
|
|
IWP
153
Innova Wealth Partners
Newtown,
Pennsylvania
| – | -$258K | -2,312 | Closed |
|
154
Citadel Advisors
Miami,
Florida
| – | -$255K | -2,232 | Closed |
|
|
DS
155
DRW Securities
Chicago,
Illinois
| – | -$209K | -1,865 | Closed |
|
|
LWMI
156
Legacy Wealth Management (Idaho)
Boise,
Idaho
| – | -$92.3K | -828 | Closed |
|
|
RA
157
Rise Advisors
Rochester,
New York
| – | -$80.6K | -723 | Closed |
|
158
Citigroup
New York
| – | -$44.5K | -399 | Closed |
|
159
Optiver Holding
Amsterdam,
Netherlands
| – | -$37.1K | -333 | Closed |
|
160
Simplex Trading
Chicago,
Illinois
| – | -$12K | -115 | Closed |
|
|
TFM
161
TFC Financial Management
Boston,
Massachusetts
| – | -$11.1K | -100 | Closed |
|
162
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$7.8K | -70 | Closed |
|
|
WANY
163
Wealthspire Advisors (New York)
New York
| – | -$4.24K | -38 | Closed |
|
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.