Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr (NOBL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +11
Streak
4Q ▲
Buyers last Q
47%

Smart Money Signals — NOBL

Based on 815 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added NOBL 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
815 hedge funds hold NOBL 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 — +9% more funds vs a year ago

fund count last 6Q
+70 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 47% buying

337 buying380 selling
Last quarter: 380 funds reduced or exited vs 337 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.
⚠️

Fewer new buyers each quarter (-39 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 60 → 58 → 113 → 74. 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.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 20% medium ■ 17% new
508 out of 815 hedge funds have held NOBL 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.
🚀

Acceleration phase — new buyers rushing in

52 → 60 → 58 → 113 → 74 new funds/Q
New funds entering each quarter: 60 → 58 → 113 → 74. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 63% veterans vs 20% newcomers

■ 63% veterans ■ 16% 1-2yr ■ 20% new
Entry-cohort mix of 819 holders: 520 (63%) are 2+ year veterans, 133 entered 1–2 years ago, and 166 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
28 of 813 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in NOBL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — NOBL

In 2026 Q1, 337 hedge funds were net buyers of NOBL (74 opened a new position, 263 added to an existing one), while 380 reduced or exited (317 trimmed, 63 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 50% of total institutional value in NOBL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +11 funds (more new holders than closures). Total institutional holders: 815.

Hedge Fund Ownership: NOBL

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

Market Analysis: NOBL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NOBL

-- --

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

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

Signal Freshness measures how much NOBL 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 · 79d ago
NOBL
+5.2%
SPY
+13.9%

NOBL outperformed SPY by -8.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
NOBL
+5.6%
SPY
+0.2%

Since the filing became public, NOBL outperformed SPY by +5.4% .

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.

32 top-rated funds 23 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
3.6
/ 10
conviction
Hedge Fund Positioning: NOBL
800 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 800 804 -0.5%
13F Shares 49M 51M -4.23%
Total Value $5.03B $5.26B -4.45%
New Positions 70 113 -43
Increased Positions 261 251 +10
Closed Positions 74 64 +10
Reduced Positions 309 298 +11
Total Calls 3 2 50.0%
Total Puts 3 1 200.0%
PUT/CALL Ratio 1.0 0.5 Neutral

Statistics: NOBL

View More

Valuation Measures Data as of: --

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 --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

800 + investors

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

QUARTER:
Top 25 NOBL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pacific Wealth Strategies Group, Inc. 12.98% 196,184 $20.8M
2 Valtrion Capital Management, LLC 11.33% 113,355 $12.0M
3 IAM Advisory, LLC 9.10% 383,198 $40.6M
4 Benchmark Financial, LLC 7.07% 74,331 $7.9M
5 Landmark Wealth Management, LLC 5.38% 189,366 $20.1M
6 ForthRight Wealth Management, LLC 5.15% 171,248 $18.2M
7 Galilei Investment Office LLP 4.83% 87,951 $9.3M
8 Carroll Advisory Group, LLC 4.82% 117,041 $12.4M
9 Independent Wealth Advisors LLC 4.74% 43,630 $4.5M
10 Pring Turner Capital Group Inc 4.60% 73,491 $7.6M
11 McElhenny Sheffield Capital Management, LLC 4.23% 161,050 $17.1M
12 Mowery & Schoenfeld Wealth Management, LLC 3.97% 24,506 $2.6M
13 Summit Financial Wealth Advisors, LLC 3.84% 255,491 $27.1M
14 RoundAngle Advisors LLC 3.83% 48,283 $5.1M
15 Glen Eagle Advisors, LLC 3.80% 256,059 $27.1M
16 Syntax Research, INC. 3.76% 55,761 $5.9M
17 Gerald Baker Financial Group LLC 3.69% 93,856 $9.3M
18 Carrera Capital Advisors 3.66% 224,050 $23.8M
19 Viawealth, LLC 3.63% 61,462 $6.5M
20 WMS Group LLC 3.51% 22,739 $2.4M
21 MRWM Advisors, LLC 3.30% 57,501 $6.1M
22 Lynx Investment Advisory 3.28% 64,651 $6.9M
23 Northwest Financial Advisors 3.24% 15,829 $1.7M
24 Cordoba Advisory Partners LLC 3.16% 107,772 $11.4M
25 Ted Buchan & Co 3.09% 80,325 $8.5M
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 (NOBL)

What does the Smart Money Trend signal show for NOBL?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added NOBL 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 NOBL?

More sellers than buyers — 47% buying: Last quarter: 380 funds reduced or exited vs 337 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 NOBL holders?

Elite ownership — 50% AUM from top-100 funds: 28 of 813 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in NOBL. 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 NOBL?

62% of holders stayed for 2+ years: 508 out of 815 hedge funds have held NOBL 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 (NOBL) following the 2026 Q1 hedge fund 13F filings?

As of today, NOBL has moved +5.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +5.4%. Since the quarter end (March 31, 2026), NOBL has gained +5.2% vs +13.9% 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.

Full history →