Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr (SJB)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
2Q ▲
Buyers last Q
58%

Smart Money Signals — SJB

Based on 26 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added SJB 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 63% of 3.0Y high

63% of all-time peak
Only 26 funds hold SJB today versus a peak of 41 funds at 2023 Q2 — just 63% 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.
🚀

Fast accumulation — +44% more funds vs a year ago

fund count last 6Q
+8 new funds entered over the past year (+44% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 58% buying

18 buying13 selling
Last quarter: 18 funds bought or added vs 13 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new SJB position: 11 → 2 → 8 → 16. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 35% long-term, 31% new

■ 35% conviction (2yr+) ■ 35% medium ■ 31% new
Of the 26 current holders: 9 (35%) held >2 years, 9 held 1–2 years, and 8 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.
🚀

Acceleration phase — new buyers rushing in

4 → 11 → 2 → 8 → 16 new funds/Q
New funds entering each quarter: 11 → 2 → 8 → 16. 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.
🏛️

Deep conviction — 67% of holders stayed 2+ years

■ 67% veterans ■ 11% 1-2yr ■ 22% new
Of 27 current holders: 18 (67%) 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.
✅

Strong quality — 24% AUM from major funds

24% from top-100 AUM funds
8 of 26 holders rank in the top 100 by AUM, accounting for 24% 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.

Institutional Sentiment Summary — SJB

In 2026 Q1, 18 hedge funds were net buyers of SJB (16 opened a new position, 2 added to an existing one), while 13 reduced or exited (5 trimmed, 8 sold completely) — a 58% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 24% of total institutional value in SJB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 26.

Hedge Fund Ownership: SJB

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

Market Analysis: SJB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SJB

-- --

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

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

Signal Freshness measures how much SJB 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 · 75d ago
SJB
-1.2%
SPY
+14.1%

SJB outperformed SPY by -15.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
SJB
-0.9%
SPY
+0.3%

Since the filing became public, SJB outperformed SPY by -1.2% .

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.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: SJB
26 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 26 18 44.44%
13F Shares 6M 830K 585.42%
Total Value $88M $13M 596.0%
New Positions 16 8 +8
Increased Positions 2 1 +1
Closed Positions 8 6 +2
Reduced Positions 5 8 -3
Total Calls 1 0 100%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SJB

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Institutional Holders (2026 Q1)

26 + investors

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

QUARTER:
Top 25 SJB holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Thomas J. Herzfeld Advisors, Inc. 4.20% 796,652 $12.3M
2 Trek Financial, LLC 2.20% 2,680,859 $41.5M
3 Altfest L J & Co Inc 0.53% 322,259 $5.0M
4 Encompass More Asset Management 0.32% 121,499 $1.9M
5 Solstein Capital, LLC 0.29% 46,191 $716K
6 Csenge Advisory Group 0.15% 211,833 $3.3M
7 Bravias Capital Group, LLC 0.11% 10,439 $162K
8 Merkkuri Wealth Advisors LLC 0.10% 9,499 $147K
9 Choreo, LLC 0.02% 107,042 $1.7M
10 Envestnet Asset Management Inc 0.00% 911,828 $14.1M
11 Elevated Capital Advisors, LLC 0.00% 575 $9K
12 MCF Advisors LLC 0.00% 1,200 $19K
13 Private Advisor Group, LLC 0.00% 10,000 $155K
14 Jane Street Group, LLC 0.00% 338,062 $5.2M
15 Chilton Capital Management LLC 0.00% 800 $12K
16 Private Wealth Management Group, LLC 0.00% 30 —
17 Rockefeller Capital Management L.P. 0.00% 4,066 $63K
18 Citadel Advisors LLC 0.00% 40,544 $628K
19 Citadel Advisors LLC 0.00% 37,800 $586K
20 AE Wealth Management LLC 0.00% 986 $15K
21 Susquehanna International Group, LLP 0.00% 35,410 $549K
22 Federation des caisses Desjardins du Quebec 0.00% 100 $2K
23 Franklin Resources Inc 0.00% 500 $8K
24 Osaic Holdings, INC. 0.00% 39 —
25 BNP Paribas Financial Markets 0.00% 116 $2K
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 (SJB)

What does the Smart Money Trend signal show for SJB?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added SJB 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 SJB?

Slight buying edge — 58% buying: Last quarter: 18 funds bought or added vs 13 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SJB holders?

Strong quality — 24% AUM from major funds: 8 of 26 holders rank in the top 100 by AUM, accounting for 24% 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 SJB?

Mixed — 35% long-term, 31% new: Of the 26 current holders: 9 (35%) held >2 years, 9 held 1–2 years, and 8 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 (SJB) following the 2026 Q1 hedge fund 13F filings?

As of today, SJB has moved -0.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -1.2%. Since the quarter end (March 31, 2026), SJB has gained -1.2% vs +14.1% 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.

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.

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