Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr (SSO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -44
Streak
1Q ▼
Buyers last Q
37%

Smart Money Signals — SSO

Based on 216 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their SSO 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 — 83% of 3.0Y peak

83% of all-time peak
216 funds currently hold this stock — 83% of the 3.0-year high of 260 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SSO is almost the same as a year ago (+5 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🔴

Heavy selling pressure — only 37% buying

89 buying149 selling
Last quarter: 149 funds sold vs only 89 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-18 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 45 → 56 → 43 → 25. 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.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 25% medium ■ 15% new
129 out of 216 hedge funds have held SSO 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.
📊

Peak discovery — momentum slowing

26 → 45 → 56 → 43 → 25 new funds/Q
New funds entering each quarter: 45 → 56 → 43 → 25. SSO is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 17% 1-2yr ■ 17% new
Of 222 current holders: 147 (66%) 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 — 19% AUM from top-100

19% from top-100 AUM funds
16 of 216 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 — SSO

In 2026 Q1, 89 hedge funds were net buyers of SSO (25 opened a new position, 64 added to an existing one), while 149 reduced or exited (80 trimmed, 69 sold completely) — a 37% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -44 funds (more exits than new entries). Total institutional holders: 216.

Hedge Fund Ownership: SSO

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

Market Analysis: SSO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SSO

-- --

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

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

Signal Freshness measures how much SSO 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
SSO
+28.2%
SPY
+14.1%

SSO outperformed SPY by +14.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
SSO
+0.1%
SPY
+0.3%

Since the filing became public, SSO outperformed SPY by -0.2% .

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.

10 top-rated funds 6 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: SSO
215 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 215 260 -17.31%
13F Shares 12M 32M -64.1%
Total Value $595M $1.91B -68.8%
New Positions 24 43 -19
Increased Positions 62 192 -130
Closed Positions 69 26 +43
Reduced Positions 78 20 +58
Total Calls 3 3 -
Total Puts 4 4 -
PUT/CALL Ratio 1.33 1.33 Bearish

Statistics: SSO

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Financial Highlights

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Institutional Holders (2026 Q1)

215 + investors

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

QUARTER:
Top 25 SSO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Main Street Group, LTD 17.72% 1,163,035 $60.3M
2 Ridgepath Capital Management LLC 9.54% 370,104 $19.2M
3 Dedeker Financial LLC 7.62% 168,636 $8.7M
4 TTP Investments, Inc. 5.97% 276,176 $14.3M
5 Arta Finance Wealth Management LLC 4.76% 185,528 $9.6M
6 Pinkerton Wealth, LLC 3.95% 749,133 $43.4M
7 PMV Capital Advisers, LLC 3.63% 41,480 $2.2M
8 Client First Investment Management LLC 3.18% 118,057 $6.1M
9 Virtue Capital Management, LLC 2.93% 392,767 $19.3M
10 Asset Management Group, Inc. 2.41% 287,739 $14.9M
11 Global View Capital Management LLC 2.11% 153,012 $7.9M
12 Portfolio Design Labs, LLC 2.09% 227,064 $11.8M
13 GenWealth Group, Inc. 1.55% 175,122 $9.1M
14 Plotkin Financial Advisors, LLC 1.45% 55,598 $2.9M
15 Innova Wealth Partners 1.43% 58,384 $3.0M
16 Toth Financial Advisory Corp 1.32% 232,286 $12.1M
17 Capital Investment Counsel, Inc 1.01% 159,042 $8.3M
18 Safe Harbor Fiduciary, LLC 0.91% 18,323 $951K
19 Richmond Brothers, Inc. 0.86% 24,980 $1.3M
20 Spire Wealth Management 0.74% 419,892 $21.8M
21 Marshall Financial Group, LLC 0.66% 79,847 $4.1M
22 Unique Wealth, LLC 0.64% 89,236 $4.6M
23 Sollinda Capital Management LLC 0.53% 42,070 $2.2M
24 Professional Financial Advisors, LLC 0.53% 50,052 $2.6M
25 Atlatl Advisers LLC 0.49% 12,760 $662K
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 (SSO)

What does the Smart Money Trend signal show for SSO?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SSO 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 SSO?

Heavy selling pressure — only 37% buying: Last quarter: 149 funds sold vs only 89 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for SSO holders?

Smaller funds dominant — 19% AUM from top-100: 16 of 216 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held SSO?

60% of holders stayed for 2+ years: 129 out of 216 hedge funds have held SSO 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 (SSO) following the 2026 Q1 hedge fund 13F filings?

As of today, SSO has moved +0.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -0.2%. Since the quarter end (March 31, 2026), SSO has gained +28.2% 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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