ProShares UltraPro S&P 500
UPRO
120 hedge funds and large institutions have $146M invested in ProShares UltraPro S&P 500 in 2026 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 43 increasing their positions, 32 reducing their positions, and 37 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 32
10% more call options, than puts
Call options by funds: $213M | Put options by funds: $193M
4.98% less ownership
Funds ownership: 8.7% → 3.73% (-5%)
17% less funds holding
Funds holding: 145 → 120 (-25)
57% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 37
60% less capital invested
Capital invested by funds: $367M → $146M (-$221M)
63% less funds holding in top 10
Funds holding in top 10: 8 → 3 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$5.52M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$4.52M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$3.75M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$3.53M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$3.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Howard Capital Management
Roswell,
Georgia
|
-$119M |
| 2 |
TCI
Turner Capital Investments
Austin,
Texas
|
-$37M |
| 3 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$22.9M |
| 4 |
BW
BXM Wealth
Englewood,
Colorado
|
-$20.7M |
| 5 |
RVM
Robinson Value Management
San Antonio,
Texas
|
-$16.9M |
UPRO Hedge Fund Activity: Q1 2026 in Review
120 of the 8,177 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro S&P 500 (UPRO) for Q1 2026, worth a combined $146M — down 60% from $367M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of UPRO and 16 opened new positions — a net loss of 21 holders — while 32 trimmed existing stakes and 43 added.
The largest buyer was Goldman Sachs, adding an estimated $5.52M. The largest seller was Howard Capital Management, exiting entirely with an estimated $119M sold.
- 120 institutional investors held ProShares UltraPro S&P 500 (UPRO) as of Q1 2026, down from 145 in Q4 2025.
- Funds reported $146M of ProShares UltraPro S&P 500 stock for Q1 2026, down 60% quarter-over-quarter.
- 16 funds opened new ProShares UltraPro S&P 500 positions in Q1 2026 and 37 closed out, a net change of -21 holders.
- The largest ProShares UltraPro S&P 500 buyer in Q1 2026 was Goldman Sachs, an estimated $5.52M added.
- The largest ProShares UltraPro S&P 500 seller in Q1 2026 was Howard Capital Management, an estimated $119M sold.
Based on aggregated 13F filings for Q1 2026.