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

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

As of today, DIG has moved -11.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.1% for the SPY sector ETF — an outperformance of -10.5%. Since the quarter end (March 31, 2026), DIG gained -24.2% vs +12.4% 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 (DIG)

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

Smart Money Signals — DIG

Based on 21 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their DIG 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 — 84% of 3.0Y peak

84% of all-time peak

21 funds currently hold this stock — 84% of the 3.0-year high of 25 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q

1 fewer hedge funds hold DIG compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🟠

More sellers than buyers — 44% buying

8 buying10 selling

Last quarter: 10 funds reduced or exited vs 8 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 — ~3 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 3 → 4 → 5 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 33% medium ■ 14% new

11 out of 21 hedge funds have held DIG 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.

💰

Value +310% but shares only +122% — price-driven

Value

+309%

+122%

Last quarter: the total dollar value of institutional holdings rose +310%, but actual share count only changed +122%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

➡️

Steady discovery — ~3 new funds/quarter

5 → 3 → 4 → 5 → 3 new funds/Q

New funds entering each quarter: 3 → 4 → 5 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 68% veterans vs 12% newcomers

■ 68% veterans ■ 20% 1-2yr ■ 12% new

Entry-cohort mix of 25 holders: 17 (68%) are 2+ year veterans, 5 entered 1–2 years ago, and 3 (12%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds

7 of 20 holders rank in the top 100 by AUM, accounting for 38% 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	21	22	-4.55%
13F Shares	267K	120K	122.09%
Total Value	$18M	$4M	309.5%
New Positions	3	5	-2
Increased Positions	5	4	+1
Closed Positions	4	1	+3
Reduced Positions	4	7	-3
Total Calls	3	3	-
Total Puts	2	1	100.0%
PUT/CALL Ratio	0.67	0.33	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

-4.55%

13F Shares

267K

120K

122.09%

Total Value

$18M

$4M

309.5%

New Positions

-2

Increased Positions

Closed Positions

Reduced Positions

-3

Total Calls

Total Puts

100.0%

PUT/CALL Ratio

0.67

0.33

Bullish

Institutional Holders (2026 Q1)

21 + investors

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

QUARTER:

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

Top 24 DIG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Client First Investment Management LLC	2.27%	65,354	$4.4M
2	PMV Capital Advisers, LLC	0.84%	7,459	$498K
3	Dale Q Rice Investment Management Ltd	0.79%	15,536	$1.0M
4	Two Sigma Securities, LLC	0.03%	3,896	$260K
5	Tower Research Capital LLC (TRC)	0.01%	4,284	$286K
6	Arax Advisory Partners	0.00%	232	$15K
7	Citadel Advisors LLC	0.00%	37,600	$2.5M
8	IMC-Chicago, LLC	0.00%	13,381	$893K
9	Susquehanna International Group, LLP	0.00%	40,537	$2.7M
10	Envestnet Asset Management Inc	0.00%	11,286	$753K
11	Jane Street Group, LLC	0.00%	19,800	$1.3M
12	Susquehanna International Group, LLP	0.00%	22,200	$1.5M
13	VSM Wealth Advisory, LLC	0.00%	8	—
14	MAI Capital Management	0.00%	338	$23K
15	Jane Street Group, LLC	0.00%	13,794	$921K
16	Osaic Holdings, INC.	0.00%	980	$65K
17	Citadel Advisors LLC	0.00%	4,300	$287K
18	Jane Street Group, LLC	0.00%	3,300	$220K
19	Simplex Trading, LLC	0.00%	486	$32K
20	AE Wealth Management LLC	0.00%	16	$1K
21	Morgan Stanley	0.00%	1,353	$90K
22	UBS Group AG	0.00%	185	$12K
23	Assetmark, Inc	0.00%	3	—
24	Wells Fargo & Company/Mn	0.00%	1	—

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 (DIG)

What does the Smart Money Trend signal show for DIG?

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

More sellers than buyers — 44% buying: Last quarter: 10 funds reduced or exited vs 8 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 DIG holders?

Strong quality — 38% AUM from major funds: 7 of 20 holders rank in the top 100 by AUM, accounting for 38% 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 DIG?

52% of holders stayed for 2+ years: 11 out of 21 hedge funds have held DIG 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 (DIG) following the 2026 Q1 hedge fund 13F filings?

As of today, DIG has moved -11.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.1% for the SPY sector ETF — an outperformance of -10.5%. Since the quarter end (March 31, 2026), DIG has gained -24.2% vs +12.4% 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 (DIG)

Smart Money Signals — DIG

Selling streak — 1 quarter in a row

High ownership — 84% of 3.0Y peak

Outflows — 5% fewer funds vs a year ago

More sellers than buyers — 44% buying

Steady new buyers — ~3 new funds per quarter

52% of holders stayed for 2+ years

Value +310% but shares only +122% — price-driven

Steady discovery — ~3 new funds/quarter

Veteran-anchored — 68% veterans vs 12% newcomers

Strong quality — 38% AUM from major funds

Institutional Sentiment Summary — DIG

Hedge Fund Ownership: DIG

Market Analysis: DIG

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: DIG

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

Hedge Fund Positioning: DIG

Statistics: DIG

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Proshares Tr (DIG)

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