Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PROSHARES TR (BITI)

18 + Investors. Track Smart Money conviction in BITI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
1Q ▼
Buyers last Q
39%

Smart Money Signals — BITI

Based on 18 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BITI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 72% of 3.0Y peak

72% of all-time peak
18 funds currently hold this stock — 72% of the 3.0-year high of 25 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+2 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 39% buying

11 buying17 selling
Last quarter: 17 funds sold vs only 11 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 7 → 3 → 13 → 4. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌

Mixed — 33% long-term, 28% new

■ 33% conviction (2yr+) ■ 39% medium ■ 28% new
Of the 18 current holders: 6 (33%) held >2 years, 7 held 1–2 years, and 5 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️

Steady discovery — ~4 new funds/quarter

6 → 7 → 3 → 13 → 4 new funds/Q
New funds entering each quarter: 7 → 3 → 13 → 4. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 58% of holders stayed 2+ years

■ 58% veterans ■ 25% 1-2yr ■ 17% new
Of 24 current holders: 14 (58%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 71% AUM from top-100 funds

71% from top-100 AUM funds
5 of 18 holders are among the 100 largest funds by AUM, controlling 71% of total institutional value in BITI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BITI

In 2026 Q1, 11 hedge funds were net buyers of BITI (4 opened a new position, 7 added to an existing one), while 17 reduced or exited (6 trimmed, 11 sold completely) — a 39% buyer ratio, indicating net institutional distribution. 71% of total institutional value in BITI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 18.

Hedge Fund Ownership: BITI

How many hedge funds hold BITI — quarterly history vs. share price
Quarterly hedge fund ownership of BITI vs. share price

Market Analysis: BITI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BITI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy PROSHARES TR (BITI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BITI has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 64d ago
BITI
-3.8%
SPY
+16.8%

BITI outperformed SPY by -20.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 19d ago
BITI
+17.2%
SPY
+2.7%

Since the filing became public, BITI outperformed SPY by +14.5% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: BITI
18 + Investors

Track Smart Money conviction in BITI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 18 25 -28.0%
13F Shares 717K 1M -47.71%
Total Value $19M $32M -39.82%
New Positions 4 13 -9
Increased Positions 4 6 -2
Closed Positions 11 2 +9
Reduced Positions 6 3 +3
Total Calls 4 4 -
Total Puts 4 2 100.0%
PUT/CALL Ratio 1.0 0.5 Neutral

Statistics: BITI

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Income Statement & Cash Flow
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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

18 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BITI. Verified SEC 13F-HR filings.

QUARTER:
Top 24 institutional holders of BITI — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 SYKON CAPITAL LLC 0.16% 18,563 $495K
2 TWO SIGMA SECURITIES, LLC 0.03% 8,234 $220K
3 CreativeOne Wealth, LLC 0.02% 29,934 $798K
4 HIGHLINE WEALTH PARTNERS LLC 0.00% 250 $7K
5 RENAISSANCE TECHNOLOGIES LLC 0.00% 24,000 $640K
6 Belvedere Trading LLC 0.00% 30,200 $805K
7 Belvedere Trading LLC 0.00% 18,600 $496K
8 IMC-Chicago, LLC 0.00% 60,416 $1.6M
9 CITADEL ADVISORS LLC 0.00% 105,600 $2.8M
10 Belvedere Trading LLC 0.00% 14,056 $375K
11 JANE STREET GROUP, LLC 0.00% 113,374 $3.0M
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 116,400 $3.1M
13 JANE STREET GROUP, LLC 0.00% 87,700 $2.3M
14 Federation des caisses Desjardins du Quebec 0.00% 2,700 $72K
15 BROWN BROTHERS HARRIMAN & CO 0.00% 1,189 $32K
16 CITADEL ADVISORS LLC 0.00% 39,200 $1.0M
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 38,100 $1.0M
18 AE Wealth Management LLC 0.00% 400 $11K
19 JANE STREET GROUP, LLC 0.00% 8,000 $213K
20 HARBOUR INVESTMENTS, INC. 0.00% 10 —
21 TD Waterhouse Canada Inc. 0.00% 20 —
22 TORONTO DOMINION BANK 0.00% 16 —
23 UBS Group AG 0.00% 73 $2K
24 MORGAN STANLEY 0.00% 1 —
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — PROSHARES TR (BITI)

What does the Smart Money Trend signal show for BITI?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BITI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BITI?

Heavy selling pressure — only 39% buying: Last quarter: 17 funds sold vs only 11 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for BITI holders?

Elite ownership — 71% AUM from top-100 funds: 5 of 18 holders are among the 100 largest funds by AUM, controlling 71% of total institutional value in BITI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BITI?

Mixed — 33% long-term, 28% new: Of the 18 current holders: 6 (33%) held >2 years, 7 held 1–2 years, and 5 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy PROSHARES TR (BITI) following the 2026 Q1 hedge fund 13F filings?

As of today, BITI has moved +17.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.7% for the SPY sector ETF — an outperformance of +14.5%. Since the quarter end (March 31, 2026), BITI has gained -3.8% vs +16.8% for SPY. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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