Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PROSHARES TR (BITO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -10
Streak
1Q ▼
Buyers last Q
56%

Smart Money Signals — BITO

Based on 181 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BITO 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 — 89% of 3.0Y peak

89% of all-time peak
181 funds currently hold this stock — 89% of the 3.0-year high of 204 funds (reached 2024 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
8 fewer hedge funds hold BITO compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 56% buying

107 buying85 selling
Last quarter: 107 funds bought or added vs 85 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 35 → 43 → 38 → 31. 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.
🔒

46% of holders stayed for 2+ years

■ 46% conviction (2yr+) ■ 29% medium ■ 25% new
83 out of 181 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 +15%, value -29%

Value
-28%
Shares
+14%
Last quarter: funds added +15% more shares while total portfolio value only changed -29%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~31 new funds/quarter

51 → 35 → 43 → 38 → 31 new funds/Q
New funds entering each quarter: 35 → 43 → 38 → 31. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 51% of holders stayed 2+ years

■ 51% veterans ■ 16% 1-2yr ■ 34% new
Of 193 current holders: 98 (51%) 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.
✅

Strong quality — 24% AUM from major funds

24% from top-100 AUM funds
13 of 181 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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.

Hedge Fund Ownership: BITO

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

Market Analysis: BITO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BITO

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 1 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: BITO
2026 Q1 Stats Unlock in 21 days 193 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 193 205 -5.85%
13F Shares 29M 26M 14.83%
Total Value $357M $502M -28.82%
New Positions 31 38 -7
Increased Positions 93 102 -9
Closed Positions 43 35 +8
Reduced Positions 65 73 -8
Total Calls 8 9 -11.11%
Total Puts 7 9 -22.22%
PUT/CALL Ratio 0.88 1.0 Neutral

Statistics: BITO

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
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 Q1)

193 + investors

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

Top 25 institutional holders of BITO — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Realta Investment Advisors 1.02% 315,051 $2.9M
2 MFA WEALTH ADVISORS, LLC 0.58% 314,761 $2.9M
3 Faithward Advisors, LLC 0.34% 256,723 $2.4M
4 RAMSEY QUANTITATIVE SYSTEMS 0.31% 4,000 $301K
5 Cannon Advisors, Inc. 0.16% 23,082 $215K
6 Independent Wealth Network Inc. 0.14% 49,869 $464K
7 LGT Financial Advisors LLC 0.11% 2,378 $22K
8 Interchange Capital Partners, LLC 0.08% 14,203 $260K
9 Grant Private Wealth Management Inc 0.06% 11,322 $105K
10 PFG Investments, LLC 0.05% 106,793 $994K
11 Somerset Trust Co 0.04% 15,500 $144K
12 CCG WEALTH MANAGEMENT, LLC 0.04% 16,484 $153K
13 Crumly & Associates Inc. 0.04% 19,454 $181K
14 Sovereign Financial Group, Inc. 0.03% 17,170 $160K
15 B. Riley Wealth Advisors, Inc. 0.03% 45,536 $417K
16 MEANS INVESTMENT CO., INC. 0.03% 31,632 $294K
17 SJS Investment Consulting Inc. 0.02% 18,480 $172K
18 WEDBUSH SECURITIES INC 0.02% 60,614 —
19 FOUNDERS FINANCIAL SECURITIES LLC 0.01% 19,523 $193K
20 Cyndeo Wealth Partners, LLC 0.01% 14,626 $136K
21 SILVER OAK SECURITIES, INCORPORATED 0.01% 10,492 $98K
22 Financial Life Planners 0.01% 809 $8K
23 Forum Financial Management, LP 0.01% 40,497 $377K
24 Ares Financial Consulting, LLC 0.01% 711 $7K
25 DAGCO, INC. 0.00% 2,377 $22K
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BITO 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 BITO?

Slight buying edge — 56% buying: Last quarter: 107 funds bought or added vs 85 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BITO holders?

Strong quality — 24% AUM from major funds: 13 of 181 holders rank in the top 100 by AUM, accounting for 24% 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?

46% of holders stayed for 2+ years: 83 out of 181 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.

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.