Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PROSHARES TR (QLD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +21
Streak
3Q ▲
Buyers last Q
87%

Smart Money Signals — QLD

Based on 203 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added QLD 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
203 hedge funds hold QLD 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 — +13% more funds vs a year ago

fund count last 6Q
+24 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 87% buying

188 buying29 selling
Last quarter: 188 funds were net buyers (39 opened a brand new position + 149 added to an existing one). Only 29 were sellers (11 trimmed + 18 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+11 vs last Q)

new funds entering per quarter
Funds opening a new QLD position: 16 → 45 → 28 → 39. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 22% medium ■ 27% new
105 out of 203 hedge funds have held QLD 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 +97%, value +1%

Value
+1%
Shares
+97%
Last quarter: funds added +97% more shares while total portfolio value only changed +1%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~39 new funds/quarter

29 → 16 → 45 → 28 → 39 new funds/Q
New funds entering each quarter: 16 → 45 → 28 → 39. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 56% of holders stayed 2+ years

■ 56% veterans ■ 15% 1-2yr ■ 28% new
Of 211 current holders: 119 (56%) 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.
📋

Smaller funds dominant — 1% AUM from top-100

1% from top-100 AUM funds
12 of 203 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
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.

Hedge Fund Ownership: QLD

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

Market Analysis: QLD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: QLD

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

19 top-rated funds 7 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
4.2
/ 10
conviction
Hedge Fund Positioning: QLD
2026 Q1 Stats Unlock in 16 days 211 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 211 190 11.05%
13F Shares 24M 12M 97.3%
Total Value $1.68B $1.65B 1.47%
New Positions 40 28 +12
Increased Positions 170 60 +110
Closed Positions 20 22 -2
Reduced Positions 13 68 -55
Total Calls 5 5 -
Total Puts 4 5 -20.0%
PUT/CALL Ratio 0.8 1.0 Neutral

Statistics: QLD

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)

211 + investors

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

Top 25 institutional holders of QLD — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Dedeker Financial LLC 14.75% 277,528 $16.9M
2 Global View Capital Management LLC 10.55% 651,626 $39.7M
3 PMV Capital Advisers, LLC 3.28% 31,902 $1.9M
4 TOTH FINANCIAL ADVISORY CORP 1.68% 250,901 $15.3M
5 Focus Financial Network, Inc. 1.31% 599,468 $36.6M
6 Latitude Advisors, LLC 1.16% 41,336 $2.5M
7 Q3 Asset Management 1.07% 72,200 $4K
8 AlpenGlobal Capital LLC 0.81% 20,941 $1.3M
9 Discipline Wealth Solutions, LLC 0.79% 122,373 $7.5M
10 Castleview Partners, LLC 0.68% 21,717 $1.3M
11 Innova Wealth Partners 0.54% 18,682 $1.1M
12 Marshall Financial Group, LLC 0.51% 52,020 $3.2M
13 Appalachian Capital Management Ltd 0.36% 7,327 $447K
14 SpringVest Wealth Management LLC 0.33% 8,019 $489K
15 CPR Investments Inc. 0.33% 7,505 $496K
16 RIA Advisory Group LLC 0.30% 20,638 $1.3M
17 Global Financial Private Client, LLC 0.26% 12,864 $785K
18 Bryn Mawr Trust Advisors, LLC 0.25% 84,633 $5.2M
19 WealthBridge Capital Management, LLC 0.24% 16,841 $1.0M
20 MINDSET WEALTH MANAGEMENT, LLC 0.23% 14,028 $856K
21 CENTRAL VALLEY ADVISORS, LLC 0.16% 9,600 $586K
22 Innovative Wealth Building LLC 0.16% 3,662 $223K
23 Financial Life Planners 0.14% 3,094 $189K
24 180 WEALTH ADVISORS, LLC 0.14% 19,979 $1.2M
25 GREENBERG FINANCIAL GROUP 0.13% 5,200 $317K
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 (QLD)

What does the Smart Money Trend signal show for QLD?

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

More buyers than sellers — 87% buying: Last quarter: 188 funds were net buyers (39 opened a brand new position + 149 added to an existing one). Only 29 were sellers (11 trimmed + 18 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for QLD holders?

Smaller funds dominant — 1% AUM from top-100: 12 of 203 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held QLD?

52% of holders stayed for 2+ years: 105 out of 203 hedge funds have held QLD 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.

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.