ProShares UltraPro S&P 500
UPRO
116 hedge funds and large institutions have $582M invested in ProShares UltraPro S&P 500 in 2025 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 44 increasing their positions, 18 reducing their positions, and 13 closing their positions.
447% more capital invested
Capital invested by funds: $107M → $582M (+$476M)
154% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 13
144% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 18
56% more call options, than puts
Call options by funds: $211M | Put options by funds: $135M
21% more funds holding
Funds holding: 96 → 116 (+20)
9.67% more ownership
Funds ownership: 3.09% → 12.76% (+9.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFM
Potomac Fund Management
Miami,
Florida
|
+$237M |
| 2 |
HCM
Howard Capital Management
Roswell,
Georgia
|
+$88.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$24.2M |
| 4 |
RAM
Revere Asset Management
Dallas,
Texas
|
+$13.5M |
| 5 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$13.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$18.2M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$15.5M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$8.4M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$3.71M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$2.15M |
UPRO Hedge Fund Activity: Q2 2025 in Review
116 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro S&P 500 (UPRO) for Q2 2025, worth a combined $582M — up 447% from $107M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new UPRO positions and 13 closed out — a net gain of 20 holders — while 44 added to existing stakes and 18 trimmed.
The largest buyer was Potomac Fund Management, opening a new position worth an estimated $237M. The largest seller was Jane Street, exiting entirely with an estimated $18.2M sold.
- 116 institutional investors held ProShares UltraPro S&P 500 (UPRO) as of Q2 2025, up from 96 in Q1 2025.
- Funds reported $582M of ProShares UltraPro S&P 500 stock for Q2 2025, up 447% quarter-over-quarter.
- 33 funds opened new ProShares UltraPro S&P 500 positions in Q2 2025 and 13 closed out, a net change of +20 holders.
- The largest ProShares UltraPro S&P 500 buyer in Q2 2025 was Potomac Fund Management, an estimated $237M added.
- The largest ProShares UltraPro S&P 500 seller in Q2 2025 was Jane Street, an estimated $18.2M sold.
Based on aggregated 13F filings for Q2 2025.