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
↓ -12
Streak
1Q ▼
Buyers last Q
50%

Smart Money Signals — BITO

Based on 196 hedge funds · latest filing: 2026 Q2 · 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 — 94% of 3.0Y peak

94% of all-time peak
196 funds currently hold this stock — 94% of the 3.0-year high of 208 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding BITO is almost the same as a year ago (+3 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 50% buying

99 buying100 selling
Last quarter: 99 funds bought or added vs 100 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 (-19 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 40 → 33 → 52 → 33. 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.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 31% medium ■ 26% new
86 out of 196 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 +12%, value -4%

Value
-4%
Shares
+12%
Last quarter: funds added +12% more shares while total portfolio value only changed -4%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

44 → 40 → 33 → 52 → 33 new funds/Q
New funds entering each quarter: 40 → 33 → 52 → 33. A growing number of institutions are discovering BITO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 54% veterans vs 26% newcomers

■ 54% veterans ■ 20% 1-2yr ■ 26% new
Entry-cohort mix of 205 holders: 111 (54%) are 2+ year veterans, 40 entered 1–2 years ago, and 54 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 18% AUM from top-100

18% from top-100 AUM funds
16 of 194 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — BITO

In 2026 Q2, 99 hedge funds were net buyers of BITO (33 opened a new position, 66 added to an existing one), while 100 reduced or exited (55 trimmed, 45 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -12 funds (more exits than new entries). Total institutional holders: 196.

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

-- --

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.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: BITO
193 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 193 208 -7.21%
13F Shares 23M 21M 12.37%
Total Value $114M $119M -4.25%
New Positions 33 52 -19
Increased Positions 64 72 -8
Closed Positions 46 37 +9
Reduced Positions 52 45 +7
Total Calls 5 5 -
Total Puts 4 4 -
PUT/CALL Ratio 0.8 0.8 Neutral

Statistics: BITO

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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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) --
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Institutional Holders (2026 Q2)

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.

QUARTER:
Top 25 BITO holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fielder Capital Group LLC 1.08% 626,960 $5.0M
2 Realta Investment Advisors 0.77% 310,356 $2.5M
3 Mfa Wealth Advisors, LLC 0.70% 511,882 $4.1M
4 Legacy Wealth Managment, LLC/ID 0.43% 130,791 $1.0M
5 Faithward Advisors, LLC 0.26% 262,447 $2.1M
6 Independent Wealth Network Inc. 0.10% 51,427 $410K
7 LGT Financial Advisors LLC 0.10% 2,378 $19K
8 Financial Planning Navigators CORP 0.09% 29,810 $238K
9 KERR FINANCIAL PLANNING Corp 0.09% 9,867 $79K
10 Two Sigma Securities, LLC 0.08% 122,082 $974K
11 Kings Path Partners LLC 0.07% 10,000 $197K
12 Brand Asset Management Group, Inc. 0.06% 35,719 $285K
13 StoneX Group Inc. 0.06% 138,679 $1.4M
14 J Hagan Capital, INC. 0.06% 15,116 $121K
15 Leo H. Evart, Inc. 0.05% 8,418 $67K
16 CPA Asset Management Group, LLC 0.05% 21,828 $174K
17 Cypress Capital Management LLC (WY) 0.03% 5,200 $41K
18 LaSalle St. Investment Advisors, LLC 0.03% 32,983 $263K
19 Edgestream Partners, L.P. 0.03% 132,758 $1.1M
20 Ausdal Financial Partners, Inc. 0.03% 100,460 $802K
21 Ccg Wealth Management, LLC 0.03% 16,495 $132K
22 Prairie Wealth Advisors, Inc. 0.03% — $117K
23 PFG Investments, LLC 0.03% 84,932 $678K
24 Wealth Management Nebraska 0.02% 30,590 $244K
25 Tower Research Capital LLC (TRC) 0.02% 101,219 $808K
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 — 50% buying: Last quarter: 99 funds bought or added vs 100 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?

Smaller funds dominant — 18% AUM from top-100: 16 of 194 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BITO?

44% of holders stayed for 2+ years: 86 out of 196 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.

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