PROSHARES TR (CSM): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

PROSHARES TR (CSM)

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

Smart Money Signals — CSM

Based on 98 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q

For 9 consecutive quarters, more hedge funds added CSM 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

98 hedge funds hold CSM 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 — +7% more funds vs a year ago

fund count last 6Q

+6 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟠

More sellers than buyers — 42% buying

30 buying42 selling

Last quarter: 42 funds reduced or exited vs 30 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 6 → 7 → 10 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 17% medium ■ 14% new

67 out of 98 hedge funds have held CSM 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.

➡️

Steady discovery — ~8 new funds/quarter

12 → 6 → 7 → 10 → 8 new funds/Q

New funds entering each quarter: 6 → 7 → 10 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 10% 1-2yr ■ 18% new

Of 98 current holders: 70 (71%) 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 — 43% AUM from top-100 funds

43% from top-100 AUM funds

12 of 98 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in CSM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.9

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 (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	98	97	1.03%
13F Shares	3M	3M	0.02%
Total Value	$268M	$257M	4.32%
New Positions	8	10	-2
Increased Positions	22	26	-4
Closed Positions	7	7	-
Reduced Positions	35	34	+1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

1.03%

13F Shares

0.02%

Total Value

$268M

$257M

4.32%

New Positions

-2

Increased Positions

-4

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

98 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 25 institutional holders of CSM — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Waterfront Wealth Inc.	1.84%	134,277	$10.0M
2	GILL CAPITAL PARTNERS, LLC	0.97%	45,057	$3.4M
3	Onyx Bridge Wealth Group LLC	0.93%	115,061	$8.6M
4	B. Riley Wealth Advisors, Inc.	0.76%	164,537	$12.0M
5	MANCHESTER FINANCIAL INC	0.45%	31,488	$2.4M
6	QTR Family Wealth, LLC	0.30%	9,022	$722K
7	Patten Group, Inc.	0.30%	22,953	$1.7M
8	Elmwood Wealth Management, Inc.	0.29%	13,881	$1.0M
9	Legacy Private Trust Co.	0.25%	53,870	$4.0M
10	HCR Wealth Advisors	0.20%	25,714	$1.9M
11	JBR Co Financial Management Inc	0.09%	2,780	$222K
12	WealthPLAN Partners, LLC	0.09%	6,136	$459K
13	SeaCrest Wealth Management, LLC	0.09%	10,667	$798K
14	WEALTH EFFECTS LLC	0.08%	3,203	$240K
15	Kelman-Lazarov, Inc.	0.05%	4,800	$359K
16	Global Wealth Strategies & Associates	0.04%	2,090	$156K
17	Intrua Financial, LLC	0.03%	4,487	$336K
18	WEDBUSH SECURITIES INC	0.03%	12,786	—
19	WPG Advisers, LLC	0.02%	352	$26K
20	PRIVATE TRUST CO NA	0.02%	2,574	$193K
21	J.W. COLE ADVISORS, INC.	0.02%	6,355	$475K
22	KINGSWOOD WEALTH ADVISORS, LLC	0.01%	4,118	$308K
23	HHM Wealth Advisors, LLC	0.01%	1,635	$122K
24	Prospera Financial Services Inc	0.01%	9,403	$704K
25	Abound Wealth Management	0.01%	597	$45K

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 (CSM)

What does the Smart Money Trend signal show for CSM?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added CSM 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 CSM?

More sellers than buyers — 42% buying: Last quarter: 42 funds reduced or exited vs 30 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CSM holders?

Elite ownership — 43% AUM from top-100 funds: 12 of 98 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in CSM. 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 CSM?

68% of holders stayed for 2+ years: 67 out of 98 hedge funds have held CSM 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.

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PROSHARES TR (CSM)

Smart Money Signals — CSM

Buying streak — 9 quarters in a row

At the ownership peak (100% of max)

Steady growth — +7% more funds vs a year ago

More sellers than buyers — 42% buying

Steady new buyers — ~8 new funds per quarter

68% of holders stayed for 2+ years

Steady discovery — ~8 new funds/quarter

Deep conviction — 71% of holders stayed 2+ years

Elite ownership — 43% AUM from top-100 funds

Hedge Fund Ownership: CSM

Market Analysis: CSM

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: CSM

Hedge Fund Positioning: CSM

Statistics: CSM

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — PROSHARES TR (CSM)

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