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

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

As of today, EFAD has moved +1.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (March 31, 2026), EFAD gained +4.7% vs +15.1% 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 (EFAD)

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

Smart Money Signals — EFAD

Based on 28 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added EFAD 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.

📊

High ownership — 88% of 3.0Y peak

88% of all-time peak

28 funds currently hold this stock — 88% of the 3.0-year high of 32 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q

+1 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 64% buying

16 buying9 selling

Last quarter: 16 funds were net buyers (3 opened a brand new position + 13 added to an existing one). Only 9 were sellers (8 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 1 → 3 → 3 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 21% medium ■ 18% new

17 out of 28 hedge funds have held EFAD 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 — ~3 new funds/quarter

1 → 1 → 3 → 3 → 3 new funds/Q

New funds entering each quarter: 1 → 3 → 3 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 61% veterans vs 21% newcomers

■ 61% veterans ■ 18% 1-2yr ■ 21% new

Entry-cohort mix of 28 holders: 17 (61%) are 2+ year veterans, 5 entered 1–2 years ago, and 6 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds

9 of 28 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in EFAD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.0

out of 10

Low Exit Risk

Exit risk score 3.0/10 — 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	28	26	7.69%
13F Shares	841K	851K	-1.06%
Total Value	$36M	$35M	0.26%
New Positions	3	3	-
Increased Positions	13	10	+3
Closed Positions	1	2	-1
Reduced Positions	8	10	-2
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

7.69%

13F Shares

841K

851K

-1.06%

Total Value

$36M

$35M

0.26%

New Positions

Increased Positions

Closed Positions

-1

Reduced Positions

-2

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

28 + investors

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

QUARTER:

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

Top 25 EFAD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Key FInancial Inc	0.68%	92,671	$3.8M
2	Anson Capital, Inc.	0.59%	21,169	$867K
3	SFI Advisors, LLC	0.37%	8,534	$349K
4	Heritage Wealth Management, Inc.	0.22%	10,926	$447K
5	Nations Financial Group Inc, /Ia/ /Adv	0.17%	80,054	$3.3M
6	Capital Square, LLC	0.14%	7,144	$305K
7	Smith, Moore & CO.	0.02%	6,988	$286K
8	Sanctuary Advisors, LLC	0.00%	20,136	$824K
9	Raymond James Financial Inc	0.00%	127,724	$5.2M
10	Morgan Stanley	0.00%	285,551	$11.7M
11	Cetera Investment Advisers	0.00%	13,304	$545K
12	Osaic Holdings, INC.	0.00%	3,601	$147K
13	LPL Financial LLC	0.00%	17,349	$710K
14	Aptus Capital Advisors, LLC	0.00%	444	$18K
15	Bank of America Corp /de/	0.00%	44,192	$1.8M
16	Wells Fargo & Company/Mn	0.00%	15,441	$632K
17	Jones Financial Companies Lllp	0.00%	5,766	$228K
18	Fifth Third Bancorp	0.00%	1,329	$54K
19	Royal Bank of Canada	0.00%	9,787	$401K
20	Ameriprise Financial Inc	0.00%	7,002	$287K
21	UBS Group AG	0.00%	9,075	$372K
22	Jane Street Group, LLC	0.00%	9,630	$394K
23	Golden State Wealth Management, LLC	0.00%	5	—
24	Cwm, LLC	0.00%	183	$7K
25	Assetmark, Inc	0.00%	6	—

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 (EFAD)

What does the Smart Money Trend signal show for EFAD?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added EFAD 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 EFAD?

More buyers than sellers — 64% buying: Last quarter: 16 funds were net buyers (3 opened a brand new position + 13 added to an existing one). Only 9 were sellers (8 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for EFAD holders?

Elite ownership — 46% AUM from top-100 funds: 9 of 28 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in EFAD. 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 EFAD?

61% of holders stayed for 2+ years: 17 out of 28 hedge funds have held EFAD 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 (EFAD) following the 2026 Q1 hedge fund 13F filings?

As of today, EFAD has moved +1.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (March 31, 2026), EFAD has gained +4.7% vs +15.1% 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.

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	--

Profit Margin	--
Return on Assets (ttm)	--
Return on Equity (ttm)	--

Revenue (ttm)	--
Net Income Avi to Common (ttm)	--
Diluted EPS (ttm)	--
Total Cash (mrq)	--
Total Debt/Equity (mrq)	--
Levered Free Cash Flow (ttm)	--

Proshares Tr (EFAD)

Smart Money Signals — EFAD

Buying streak — 3 quarters in a row

High ownership — 88% of 3.0Y peak

Steady growth — +4% more funds vs a year ago

More buyers than sellers — 64% buying

Steady new buyers — ~3 new funds per quarter

61% of holders stayed for 2+ years

Steady discovery — ~3 new funds/quarter

Veteran-anchored — 61% veterans vs 21% newcomers

Elite ownership — 46% AUM from top-100 funds

Institutional Sentiment Summary — EFAD

Hedge Fund Ownership: EFAD

Market Analysis: EFAD

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: EFAD

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

Hedge Fund Positioning: EFAD

Statistics: EFAD

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Proshares Tr (EFAD)

Welcome to 13Foresight!