Proshares Tr (SDS) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Proshares Tr (SDS) following the 2026 Q2 hedge fund 13F filings?

As of today, SDS has moved +4.2% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.8% for the SPY sector ETF — an outperformance of +6.0%. Since the quarter end (June 30, 2026), SDS gained -2.9% vs +2.1% 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 (SDS)

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

Smart Money Signals — SDS

Based on 52 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their SDS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

📊

High ownership — 70% of 3.0Y peak

70% of all-time peak

52 funds currently hold this stock — 70% of the 3.0-year high of 74 funds (reached 2023 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📶

Steady growth — +6% more funds vs a year ago

fund count last 6Q

+3 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟠

More sellers than buyers — 44% buying

29 buying37 selling

Last quarter: 37 funds reduced or exited vs 29 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 (-8 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 21 → 21 → 27 → 19. 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.

📌

Mixed — 35% long-term, 29% new

■ 35% conviction (2yr+) ■ 37% medium ■ 29% new

Of the 52 current holders: 18 (35%) held >2 years, 19 held 1–2 years, and 15 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

💎

Buying through price weakness — shares -19%, value -48%

Value

-48%

-19%

Last quarter: funds added -19% more shares while total portfolio value only changed -48%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~19 new funds/quarter

13 → 21 → 21 → 27 → 19 new funds/Q

New funds entering each quarter: 21 → 21 → 27 → 19. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 59% veterans vs 29% newcomers

■ 59% veterans ■ 12% 1-2yr ■ 29% new

Entry-cohort mix of 56 holders: 33 (59%) are 2+ year veterans, 7 entered 1–2 years ago, and 16 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds

9 of 50 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

2.6

out of 10

Low Exit Risk

Exit risk score 2.6/10 — 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 Q2)	Prior (2026 Q1)	Change
Funds Holding	49	56	-12.5%
13F Shares	2M	2M	-20.09%
Total Value	$93M	$181M	-48.72%
New Positions	18	27	-9
Increased Positions	9	13	-4
Closed Positions	23	18	+5
Reduced Positions	12	6	+6
Total Calls	3	3	-
Total Puts	3	3	-
PUT/CALL Ratio	1.0	1.0	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

-12.5%

13F Shares

-20.09%

Total Value

$93M

$181M

-48.72%

New Positions

-9

Increased Positions

-4

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

1.0

Neutral

Institutional Holders (2026 Q2)

49 + investors

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

QUARTER:

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

Top 25 SDS holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Abbington Investment Group	2.02%	55,917	$3.2M
2	Ridgepath Capital Management LLC	1.61%	64,265	$3.7M
3	U S Wealth Group, LLC.	0.85%	16,665	$1.3M
4	Ramsey Quantitative Systems	0.39%	7,600	$432K
5	AXS Investments LLC	0.36%	22,120	$1.3M
6	Chelsea Counsel Co	0.20%	8,434	$480K
7	Two Sigma Securities, LLC	0.16%	33,500	$1.9M
8	Jump Financial, LLC	0.13%	462,914	$9.9M
9	Canal Capital Management, LLC	0.12%	17,470	$994K
10	DRW Securities, LLC	0.09%	65,760	$3.7M
11	Axq Capital, LP	0.06%	9,569	$544K
12	Axxcess Wealth Management, LLC	0.06%	64,265	$3.7M
13	GABELLI & Co INVESTMENT ADVISERS, INC.	0.05%	5,600	$318K
14	Beacon Financial Group	0.04%	8,700	$495K
15	Integrated Advisors Network LLC	0.03%	10,349	$589K
16	Thurston, Springer, Miller, Herd & Titak, INC.	0.03%	1,276	$73K
17	StoneX Group Inc.	0.02%	7,444	$423K
18	Independent Financial Group, LLC	0.01%	14,021	$797K
19	Colonial Trust Advisors	0.01%	1,675	$95K
20	Global Trust Asset Management, LLC	0.00%	250	$14K
21	XTX Topco Ltd	0.00%	5,753	$327K
22	Daytona Street Capital LLC	0.00%	100	$6K
23	Cassaday & Co Wealth Management LLC	0.00%	3,000	$171K
24	Hrt Financial LP	0.00%	19,767	$1.1M
25	Citadel Advisors LLC	0.00%	237,520	$13.5M

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 (SDS)

What does the Smart Money Trend signal show for SDS?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SDS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for SDS?

More sellers than buyers — 44% buying: Last quarter: 37 funds reduced or exited vs 29 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 SDS holders?

Strong quality — 20% AUM from major funds: 9 of 50 holders rank in the top 100 by AUM, accounting for 20% 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 SDS?

Mixed — 35% long-term, 29% new: Of the 52 current holders: 18 (35%) held >2 years, 19 held 1–2 years, and 15 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Proshares Tr (SDS) following the 2026 Q2 hedge fund 13F filings?

As of today, SDS has moved +4.2% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.8% for the SPY sector ETF — an outperformance of +6.0%. Since the quarter end (June 30, 2026), SDS has gained -2.9% vs +2.1% 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.

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Proshares Tr (SDS)

Smart Money Signals — SDS

Selling streak — 1 quarter in a row

High ownership — 70% of 3.0Y peak

Steady growth — +6% more funds vs a year ago

More sellers than buyers — 44% buying

Fewer new buyers each quarter (-8 vs last Q)

Mixed — 35% long-term, 29% new

Buying through price weakness — shares -19%, value -48%

Steady discovery — ~19 new funds/quarter

Veteran-anchored — 59% veterans vs 29% newcomers

Strong quality — 20% AUM from major funds

Institutional Sentiment Summary — SDS

Hedge Fund Ownership: SDS

Market Analysis: SDS

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SDS

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

Hedge Fund Positioning: SDS

Statistics: SDS

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Proshares Tr (SDS)

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