Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr II (KOLD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — KOLD

Based on 19 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added KOLD 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 — 90% of 3.0Y peak

90% of all-time peak
19 funds currently hold this stock — 90% of the 3.0-year high of 21 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+2 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

16 buying12 selling
Last quarter: 16 funds bought or added vs 12 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.
➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 1 → 7 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 11% medium ■ 42% new
9 out of 19 hedge funds have held KOLD 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 -26%, value -53%

Value
-52%
Shares
-26%
Last quarter: funds added -26% more shares while total portfolio value only changed -53%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~8 new funds/quarter

5 → 7 → 1 → 7 → 8 new funds/Q
New funds entering each quarter: 7 → 1 → 7 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 0% 1-2yr ■ 29% new
Of 24 current holders: 17 (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 — 91% AUM from top-100 funds

91% from top-100 AUM funds
7 of 19 holders are among the 100 largest funds by AUM, controlling 91% of total institutional value in KOLD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — KOLD

In 2026 Q1, 16 hedge funds were net buyers of KOLD (8 opened a new position, 8 added to an existing one), while 12 reduced or exited (6 trimmed, 6 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 91% of total institutional value in KOLD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 19.

Hedge Fund Ownership: KOLD

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

Market Analysis: KOLD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: KOLD

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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

Signal Freshness measures how much KOLD has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 82d ago
KOLD
+2.3%
SPY
+15.1%

KOLD outperformed SPY by -12.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
KOLD
-9.4%
SPY
+1.3%

Since the filing became public, KOLD outperformed SPY by -10.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: KOLD
19 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 19 17 11.76%
13F Shares 5M 7M -25.99%
Total Value $113M $241M -52.94%
New Positions 8 7 +1
Increased Positions 6 4 +2
Closed Positions 6 2 +4
Reduced Positions 5 3 +2
Total Calls 4 5 -20.0%
Total Puts 3 3 -
PUT/CALL Ratio 0.75 0.6 Neutral

Statistics: KOLD

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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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 --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

19 + investors

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

QUARTER:
Top 24 KOLD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Marex Group plc 0.13% 100,000 $4.9M
2 Centric Wealth Management 0.10% 20,000 $491K
3 Avidian Wealth Enterprises, LLC 0.02% 35,000 $760K
4 Jump Financial, LLC 0.02% 78,807 $1.7M
5 Sig Brokerage, LP 0.01% 26,000 $564K
6 Centaurus Financial, INC. 0.01% 6,944 $151K
7 Susquehanna International Group, LLP 0.00% 1,743,300 $37.8M
8 Susquehanna International Group, LLP 0.00% 814,300 $17.7M
9 Citadel Advisors LLC 0.00% 550,900 $12.0M
10 Jane Street Group, LLC 0.00% 517,500 $11.2M
11 Citadel Advisors LLC 0.00% 391,400 $8.5M
12 Highline Wealth Partners LLC 0.00% 200 $4K
13 Tower Research Capital LLC (TRC) 0.00% 1,667 $36K
14 Citadel Advisors LLC 0.00% 232,677 $5.1M
15 Jane Street Group, LLC 0.00% 245,300 $5.3M
16 Trust Co of Toledo NA /Oh/ 0.00% 300 $7K
17 IMC-Chicago, LLC 0.00% 76,357 $1.7M
18 Activest Wealth Management 0.00% 232 $3K
19 Susquehanna International Group, LLP 0.00% 225,737 $4.9M
20 Belvedere Trading LLC 0.00% 15,878 $345K
21 UBS Group AG 0.00% 2,350 $51K
22 Morgan Stanley 0.00% 5,302 $115K
23 Royal Bank of Canada 0.00% 400 $9K
24 Northwestern Mutual Wealth Management Co 0.00% 10 —
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 II (KOLD)

What does the Smart Money Trend signal show for KOLD?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added KOLD 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 KOLD?

Slight buying edge — 57% buying: Last quarter: 16 funds bought or added vs 12 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 KOLD holders?

Elite ownership — 91% AUM from top-100 funds: 7 of 19 holders are among the 100 largest funds by AUM, controlling 91% of total institutional value in KOLD. 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 KOLD?

47% of holders stayed for 2+ years: 9 out of 19 hedge funds have held KOLD 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 II (KOLD) following the 2026 Q1 hedge fund 13F filings?

As of today, KOLD has moved -9.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of -10.7%. Since the quarter end (March 31, 2026), KOLD has gained +2.3% 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.

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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