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

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

As of today, RWM has moved -7.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.1% for the SPY sector ETF — an outperformance of -6.7%. Since the quarter end (March 31, 2026), RWM gained -17.3% 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 (RWM)

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

Smart Money Signals — RWM

Based on 42 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added RWM 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.

🔻

Below peak — only 65% of 3.0Y high

65% of all-time peak

Only 42 funds hold RWM today versus a peak of 65 funds at 2023 Q2 — just 65% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.

📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q

+4 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 60% buying

26 buying17 selling

Last quarter: 26 funds were net buyers (17 opened a brand new position + 9 added to an existing one). Only 17 were sellers (12 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter

Funds opening a new RWM position: 12 → 8 → 7 → 17. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 19% medium ■ 21% new

25 out of 42 hedge funds have held RWM 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 +1%

Value

+0%

+25%

Last quarter: funds added +26% 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.

📈

Growing discovery — still being found

12 → 12 → 8 → 7 → 17 new funds/Q

New funds entering each quarter: 12 → 8 → 7 → 17. A growing number of institutions are discovering RWM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 67% veterans vs 21% newcomers

■ 67% veterans ■ 12% 1-2yr ■ 21% new

Entry-cohort mix of 43 holders: 29 (67%) are 2+ year veterans, 5 entered 1–2 years ago, and 9 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 25% AUM from major funds

25% from top-100 AUM funds

8 of 42 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

1.8

out of 10

Low Exit Risk

Exit risk score 1.8/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	42	30	40.0%
13F Shares	4M	3M	25.73%
Total Value	$59M	$58M	0.86%
New Positions	17	7	+10
Increased Positions	8	12	-4
Closed Positions	5	10	-5
Reduced Positions	12	8	+4
Total Calls	1	3	-66.67%
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

40.0%

13F Shares

25.73%

Total Value

$59M

$58M

0.86%

New Positions

+10

Increased Positions

-4

Closed Positions

-5

Reduced Positions

Total Calls

-66.67%

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

42 + investors

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

QUARTER:

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

Top 25 RWM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Leuthold Group, LLC	1.50%	868,675	$14.1M
2	Generation Capital Management LLC	0.89%	75,000	$1.2M
3	Afg Fiduciary Services Limited Partnership	0.57%	60,689	$969K
4	Two Sigma Securities, LLC	0.29%	154,350	$2.5M
5	Per Stirling Capital Management, LLC.	0.23%	125,585	$2.0M
6	Total Wealth Planning & Management, Inc.	0.17%	14,318	$232K
7	IPG Investment Advisors LLC	0.08%	27,000	$438K
8	Solstein Capital, LLC	0.06%	8,850	$144K
9	Laird Norton Wetherby Trust Company, LLC	0.04%	115,000	$1.9M
10	Advisory Services Network, LLC	0.03%	161,727	$2.6M
11	Jump Financial, LLC	0.03%	127,181	$2.1M
12	CreativeOne Wealth, LLC	0.02%	55,000	$892K
13	Resonant Capital Advisors, LLC	0.01%	15,951	$259K
14	Oppenheimer & Co Inc	0.01%	67,461	$1.1M
15	Choreo, LLC	0.01%	45,499	$738K
16	Hrt Financial LP	0.01%	156,407	$2.5M
17	XTX Topco Ltd	0.01%	20,568	$334K
18	Mutual Advisors, LLC	0.00%	14,300	$232K
19	Tower Research Capital LLC (TRC)	0.00%	11,728	$190K
20	HighTower Advisors, LLC	0.00%	212,535	$3.4M
21	Quadrature Capital Ltd	0.00%	15,745	$255K
22	Cibc World Market INC.	0.00%	109,979	$1.8M
23	Squarepoint Ops LLC	0.00%	81,805	$1.3M
24	IMC-Chicago, LLC	0.00%	108,080	$1.8M
25	Morgan Stanley	0.00%	484,413	$7.9M

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 (RWM)

What does the Smart Money Trend signal show for RWM?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added RWM 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 RWM?

More buyers than sellers — 60% buying: Last quarter: 26 funds were net buyers (17 opened a brand new position + 9 added to an existing one). Only 17 were sellers (12 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for RWM holders?

Strong quality — 25% AUM from major funds: 8 of 42 holders rank in the top 100 by AUM, accounting for 25% 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 RWM?

60% of holders stayed for 2+ years: 25 out of 42 hedge funds have held RWM 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 (RWM) following the 2026 Q1 hedge fund 13F filings?

As of today, RWM has moved -7.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.1% for the SPY sector ETF — an outperformance of -6.7%. Since the quarter end (March 31, 2026), RWM has gained -17.3% 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 (RWM)

Smart Money Signals — RWM

Buying streak — 1 quarter in a row

Below peak — only 65% of 3.0Y high

Steady growth — +11% more funds vs a year ago

More buyers than sellers — 60% buying

More new buyers each quarter (+10 vs last Q)

60% of holders stayed for 2+ years

Buying through price weakness — shares +26%, value +1%

Growing discovery — still being found

Veteran-anchored — 67% veterans vs 21% newcomers

Strong quality — 25% AUM from major funds

Institutional Sentiment Summary — RWM

Hedge Fund Ownership: RWM

Market Analysis: RWM

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: RWM

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

Hedge Fund Positioning: RWM

Statistics: RWM

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Proshares Tr (RWM)

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