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

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

As of today, SH has moved +0.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of -0.1%. Since the quarter end (March 31, 2026), SH gained -11.4% 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.

Proshares Tr (SH)

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

Smart Money Signals — SH

Based on 144 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 SH 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 — 73% of 3.0Y peak

73% of all-time peak

144 funds currently hold this stock — 73% of the 3.0-year high of 197 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q

+12 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 buyers than sellers — 64% buying

93 buying52 selling

Last quarter: 93 funds were net buyers (58 opened a brand new position + 35 added to an existing one). Only 52 were sellers (29 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+30 vs last Q)

new funds entering per quarter

Funds opening a new SH position: 32 → 27 → 28 → 58. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 27% medium ■ 22% new

74 out of 144 hedge funds have held SH 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.

📈

Growing discovery — still being found

43 → 32 → 27 → 28 → 58 new funds/Q

New funds entering each quarter: 32 → 27 → 28 → 58. A growing number of institutions are discovering SH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 70% veterans vs 19% newcomers

■ 70% veterans ■ 11% 1-2yr ■ 19% new

Entry-cohort mix of 150 holders: 105 (70%) are 2+ year veterans, 17 entered 1–2 years ago, and 28 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 21% AUM from major funds

21% from top-100 AUM funds

14 of 144 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

2.2

out of 10

Low Exit Risk

Exit risk score 2.2/10 — 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	143	109	31.19%
13F Shares	20M	10M	93.28%
Total Value	$737M	$361M	104.37%
New Positions	57	28	+29
Increased Positions	33	33	-
Closed Positions	23	40	-17
Reduced Positions	28	27	+1
Total Calls	3	3	-
Total Puts	3	3	-
PUT/CALL Ratio	1.0	1.0	Neutral

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

143

109

31.19%

13F Shares

20M

10M

93.28%

Total Value

$737M

$361M

104.37%

New Positions

+29

Increased Positions

Closed Positions

-17

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

1.0

Neutral

Institutional Holders (2026 Q1)

143 + investors

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

QUARTER:

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

Top 25 SH holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Ryan Investment Management, Inc.	19.14%	897,285	$34.0M
2	Stack Financial Management, Inc	10.65%	3,823,020	$145.0M
3	Three Seasons Wealth, LLC	7.83%	540,662	$20.5M
4	Fsa Wealth Partners, INC.	5.71%	316,533	$12.0M
5	Axiom Investment Management LLC	5.44%	188,600	$7.2M
6	Deane Retirement Strategies, Inc.	5.22%	342,365	$13.0M
7	Moulton Wealth Management, Inc	5.20%	202,391	$7.6M
8	Kaydan Wealth Management, Inc.	4.92%	387,723	$14.7M
9	CPR Investments Inc.	4.87%	192,415	$7.3M
10	Mowery & Schoenfeld Wealth Management, LLC	4.55%	78,449	$3.0M
11	Lattice Capital Management, LLC	3.64%	55,000	$2.1M
12	Reyes Financial Architecture, Inc.	2.66%	85,743	$3.3M
13	Fourpath Capital Management, LLC	2.53%	464,668	$17.6M
14	One Plus One Wealth Management, LLC	2.50%	156,601	$5.9M
15	Rothschild Capital Partners, LLC	2.32%	248,968	$9.4M
16	Mirador Capital Partners LP	1.89%	352,756	$13.4M
17	Savior LLC	1.85%	13,635	$517K
18	Lionsbridge Wealth Management LLC	1.19%	31,109	$1.2M
19	Stratos Wealth Advisors, LLC	1.18%	506,568	$19.2M
20	Verity Asset Management, Inc.	1.00%	63,061	$2.4M
21	Chatham Capital Group, INC.	0.88%	159,965	$6.1M
22	Afg Fiduciary Services Limited Partnership	0.82%	37,628	$1.4M
23	Arete Wealth Advisors, LLC	0.81%	286,134	$10.9M
24	Ballew Advisors, Inc	0.72%	35,007	$1.3M
25	CMC Financial Group	0.69%	9,304	$353K

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 (SH)

What does the Smart Money Trend signal show for SH?

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

More buyers than sellers — 64% buying: Last quarter: 93 funds were net buyers (58 opened a brand new position + 35 added to an existing one). Only 52 were sellers (29 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SH holders?

Strong quality — 21% AUM from major funds: 14 of 144 holders rank in the top 100 by AUM, accounting for 21% 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 SH?

51% of holders stayed for 2+ years: 74 out of 144 hedge funds have held SH 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 (SH) following the 2026 Q1 hedge fund 13F filings?

As of today, SH has moved +0.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of -0.1%. Since the quarter end (March 31, 2026), SH has gained -11.4% 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.

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Proshares Tr (SH)

Smart Money Signals — SH

Buying streak — 1 quarter in a row

High ownership — 73% of 3.0Y peak

Steady growth — +9% more funds vs a year ago

More buyers than sellers — 64% buying

More new buyers each quarter (+30 vs last Q)

51% of holders stayed for 2+ years

Growing discovery — still being found

Veteran-anchored — 70% veterans vs 19% newcomers

Strong quality — 21% AUM from major funds

Institutional Sentiment Summary — SH

Hedge Fund Ownership: SH

Market Analysis: SH

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SH

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

Hedge Fund Positioning: SH

Statistics: SH

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Proshares Tr (SH)

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