Proshares Tr (BITO): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Proshares Tr (BITO) following the 2026 Q1 hedge fund 13F filings?

As of today, BITO has moved -19.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -20.2%. Since the quarter end (March 31, 2026), BITO gained -7.1% vs +14.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Proshares Tr (BITO)

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

Smart Money Signals — BITO

Based on 208 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added BITO 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.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

208 hedge funds hold BITO right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +17% more funds vs a year ago

fund count last 6Q

+30 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 60% buying

125 buying85 selling

Last quarter: 125 funds were net buyers (52 opened a brand new position + 73 added to an existing one). Only 85 were sellers (49 trimmed + 36 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+19 vs last Q)

new funds entering per quarter

Funds opening a new BITO position: 43 → 40 → 33 → 52. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

43% of holders stayed for 2+ years

■ 43% conviction (2yr+) ■ 26% medium ■ 31% new

89 out of 208 hedge funds have held BITO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💎

Buying through price weakness — shares -29%, value -67%

Value

-66%

-29%

Last quarter: funds added -29% more shares while total portfolio value only changed -67%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~52 new funds/quarter

35 → 43 → 40 → 33 → 52 new funds/Q

New funds entering each quarter: 43 → 40 → 33 → 52. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 49% veterans vs 33% newcomers

■ 49% veterans ■ 19% 1-2yr ■ 33% new

Entry-cohort mix of 216 holders: 105 (49%) are 2+ year veterans, 40 entered 1–2 years ago, and 71 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 21% AUM from major funds

21% from top-100 AUM funds

14 of 204 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.9

out of 10

Low Exit Risk

Exit risk score 3.9/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	207	192	7.81%
13F Shares	21M	29M	-29.36%
Total Value	$118M	$358M	-66.95%
New Positions	51	33	+18
Increased Positions	72	77	-5
Closed Positions	36	42	-6
Reduced Positions	45	42	+3
Total Calls	5	8	-37.5%
Total Puts	4	7	-42.86%
PUT/CALL Ratio	0.8	0.88	Neutral

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

207

192

7.81%

13F Shares

21M

29M

-29.36%

Total Value

$118M

$358M

-66.95%

New Positions

+18

Increased Positions

-5

Closed Positions

-6

Reduced Positions

Total Calls

-37.5%

Total Puts

-42.86%

PUT/CALL Ratio

0.8

0.88

Neutral

Institutional Holders (2026 Q1)

207 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 BITO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Fielder Capital Group LLC	1.27%	624,613	$5.8M
2	Legacy Wealth Managment, LLC/ID	1.21%	261,051	$2.4M
3	Realta Investment Advisors	1.02%	315,051	$2.9M
4	Mfa Wealth Advisors, LLC	0.58%	314,761	$2.9M
5	LFG Wealth Partners, LLC	0.40%	71,693	$667K
6	Faithward Advisors, LLC	0.34%	256,723	$2.4M
7	Two Sigma Securities, LLC	0.20%	188,748	$1.8M
8	Cannon Advisors, Inc.	0.16%	23,082	$215K
9	Independent Wealth Network Inc.	0.14%	49,869	$464K
10	KERR FINANCIAL PLANNING Corp	0.13%	9,892	$103K
11	LGT Financial Advisors LLC	0.11%	2,378	$22K
12	Bluefin Capital Management, LLC	0.08%	27,600	$336K
13	Interchange Capital Partners, LLC	0.08%	14,203	$260K
14	CPA Asset Management Group, LLC	0.07%	21,746	$202K
15	Leo H. Evart, Inc.	0.07%	8,386	$78K
16	Prairie Wealth Advisors, Inc.	0.07%	—	$152K
17	J Hagan Capital, INC.	0.06%	11,606	$108K
18	Paragon Private Wealth Management, LLC	0.06%	19,264	$179K
19	Grant Private Wealth Management Inc	0.06%	11,322	$105K
20	StoneX Group Inc.	0.05%	95,126	$886K
21	PFG Investments, LLC	0.05%	106,793	$994K
22	Ausdal Financial Partners, Inc.	0.04%	108,451	$1.0M
23	Cypress Capital Management LLC (WY)	0.04%	5,200	$48K
24	Somerset Trust Co	0.04%	15,500	$144K
25	LaSalle St. Investment Advisors, LLC	0.04%	32,427	$302K

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 (BITO)

What does the Smart Money Trend signal show for BITO?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BITO 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 BITO?

More buyers than sellers — 60% buying: Last quarter: 125 funds were net buyers (52 opened a brand new position + 73 added to an existing one). Only 85 were sellers (49 trimmed + 36 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BITO holders?

Strong quality — 21% AUM from major funds: 14 of 204 holders rank in the top 100 by AUM, accounting for 21% 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 BITO?

43% of holders stayed for 2+ years: 89 out of 208 hedge funds have held BITO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Proshares Tr (BITO) following the 2026 Q1 hedge fund 13F filings?

As of today, BITO has moved -19.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -20.2%. Since the quarter end (March 31, 2026), BITO has gained -7.1% vs +14.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near 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.

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Proshares Tr (BITO)

Smart Money Signals — BITO

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Steady growth — +17% more funds vs a year ago

More buyers than sellers — 60% buying

More new buyers each quarter (+19 vs last Q)

43% of holders stayed for 2+ years

Buying through price weakness — shares -29%, value -67%

Steady discovery — ~52 new funds/quarter

Veteran-anchored — 49% veterans vs 33% newcomers

Strong quality — 21% AUM from major funds

Institutional Sentiment Summary — BITO

Hedge Fund Ownership: BITO

Market Analysis: BITO

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: BITO

Is It Too Late to Buy Proshares Tr (BITO) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: BITO

Statistics: BITO

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Proshares Tr (BITO)

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