Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr (BITI)

22 + 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
↑ +5
Streak
1Q ▲
Buyers last Q
61%

Smart Money Signals — BITI

Based on 23 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BITI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 85% of 3.0Y peak

85% of all-time peak
23 funds currently hold this stock — 85% of the 3.0-year high of 27 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +44% more funds vs a year ago

fund count last 6Q
+7 new funds entered over the past year (+44% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 61% buying

17 buying11 selling
Last quarter: 17 funds were net buyers (11 opened a brand new position + 6 added to an existing one). Only 11 were sellers (5 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new BITI position: 3 → 15 → 4 → 11. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 39% long-term, 35% new

■ 39% conviction (2yr+) ■ 26% medium ■ 35% new
Of the 23 current holders: 9 (39%) held >2 years, 6 held 1–2 years, and 8 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.
📊

Peak discovery — momentum slowing

7 → 3 → 15 → 4 → 11 new funds/Q
New funds entering each quarter: 3 → 15 → 4 → 11. BITI is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 62% veterans vs 28% newcomers

■ 62% veterans ■ 10% 1-2yr ■ 28% new
Entry-cohort mix of 29 holders: 18 (62%) are 2+ year veterans, 3 entered 1–2 years ago, and 8 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
2 of 22 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 Q2, 17 hedge funds were net buyers of BITI (11 opened a new position, 6 added to an existing one), while 11 reduced or exited (5 trimmed, 6 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. 20% of total institutional value in BITI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 23.

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.

Loading signal freshness…
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
2026 Q3 Stats Unlock in 47 days 22 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 22 18 22.22%
13F Shares 812K 717K 13.18%
Total Value $23M $19M 19.33%
New Positions 11 4 +7
Increased Positions 5 4 +1
Closed Positions 6 13 -7
Reduced Positions 2 6 -4
Total Calls 4 4 -
Total Puts 3 4 -25.0%
PUT/CALL Ratio 0.75 1.0 Neutral

Statistics: BITI

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
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Forward P/E --
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

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

22 + 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 25 BITI holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 MYDA Advisors LLC 0.17% 40,000 $1.2M
2 Two Sigma Securities, LLC 0.05% 19,131 $555K
3 Ccg Wealth Management, LLC 0.05% 7,000 $203K
4 Axq Capital, LP 0.04% 12,432 $361K
5 StoneX Group Inc. 0.01% 9,066 $254K
6 Jump Financial, LLC 0.01% 17,210 $452K
7 Belvedere Trading LLC 0.00% 72,500 $2.1M
8 Geneos Wealth Management Inc. 0.00% 3,187 $93K
9 Belvedere Trading LLC 0.00% 49,368 $1.4M
10 Hrt Financial LP 0.00% 23,099 $670K
11 Highline Wealth Partners LLC 0.00% 200 $6K
12 IMC-Chicago, LLC 0.00% 67,305 $2.0M
13 Citadel Advisors LLC 0.00% 127,300 $3.7M
14 Susquehanna International Group, LLP 0.00% 169,300 $4.9M
15 Belvedere Trading LLC 0.00% 8,600 $250K
16 Federation des caisses Desjardins du Quebec 0.00% 2,700 $78K
17 Brown Brothers Harriman & Co 0.00% 1,189 $35K
18 SWAN Capital LLC 0.00% 12 —
19 Susquehanna International Group, LLP 0.00% 51,659 $1.5M
20 Hillsdale Investment Management Inc. 0.00% 150 $4K
21 Jane Street Group, LLC 0.00% 38,100 $1.1M
22 Susquehanna International Group, LLP 0.00% 35,600 $1.0M
23 Citadel Advisors LLC 0.00% 22,500 $653K
24 Jane Street Group, LLC 0.00% 10,000 $290K
25 Harbour Investments, INC. 0.00% 10 —
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BITI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BITI?

More buyers than sellers — 61% buying: Last quarter: 17 funds were net buyers (11 opened a brand new position + 6 added to an existing one). Only 11 were sellers (5 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BITI holders?

Strong quality — 20% AUM from major funds: 2 of 22 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BITI?

Mixed — 39% long-term, 35% new: Of the 23 current holders: 9 (39%) held >2 years, 6 held 1–2 years, and 8 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.

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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