Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr (TBF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -5
Streak
1Q ▼
Buyers last Q
37%

Smart Money Signals — TBF

Based on 34 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 TBF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 56% of 3.0Y high

56% of all-time peak
Only 34 funds hold TBF today versus a peak of 61 funds at 2023 Q3 — just 56% 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.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
3 fewer hedge funds hold TBF compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 37% buying

13 buying22 selling
Last quarter: 22 funds sold vs only 13 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

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

new funds entering per quarter
Funds opening this position for the first time: 4 → 8 → 13 → 5. 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.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 15% medium ■ 21% new
22 out of 34 hedge funds have held TBF 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.
➡️

Steady discovery — ~5 new funds/quarter

10 → 4 → 8 → 13 → 5 new funds/Q
New funds entering each quarter: 4 → 8 → 13 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 71% veterans vs 23% newcomers

■ 71% veterans ■ 6% 1-2yr ■ 23% new
Entry-cohort mix of 35 holders: 25 (71%) are 2+ year veterans, 2 entered 1–2 years ago, and 8 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 17% AUM from top-100

17% from top-100 AUM funds
6 of 33 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
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 — TBF

In 2026 Q2, 13 hedge funds were net buyers of TBF (5 opened a new position, 8 added to an existing one), while 22 reduced or exited (12 trimmed, 10 sold completely) — a 37% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 34.

Hedge Fund Ownership: TBF

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

Market Analysis: TBF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TBF

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: TBF
33 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 33 39 -15.38%
13F Shares 972K 1M -3.0%
Total Value $24M $27M -12.81%
New Positions 5 13 -8
Increased Positions 8 8 -
Closed Positions 10 6 +4
Reduced Positions 11 5 +6
Total Calls 1 1 -
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 1.0 Bullish

Statistics: TBF

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

33 + investors

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

QUARTER:
Top 25 TBF holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Camelot Technology Advisors, INC. 0.34% 20,914 $507K
2 Hourglass Capital, LLC 0.24% 44,900 $1.1M
3 Shepherd Kaplan Krochuk, LLC 0.24% 12,361 $300K
4 Verity Asset Management, Inc. 0.21% 22,771 $552K
5 Farringdon Capital, Ltd. 0.20% 16,566 $401K
6 Sepio Capital, LP 0.16% 131,300 $3.2M
7 Horrell Capital Management, Inc. 0.11% 10,000 $242K
8 Walser Wealth Management Company, A Ltd Liability Co 0.11% 10,907 $264K
9 Pettinga Financial Advisors LLC 0.06% 15,500 $376K
10 Stratos Wealth Partners, LTD. 0.02% 93,100 $2.3M
11 Gts Securities LLC 0.02% 34,380 $833K
12 Two Sigma Securities, LLC 0.02% 8,328 $202K
13 Private Wealth Partners, LLC 0.02% 10,000 $242K
14 Advisory Services Network, LLC 0.01% 52,471 $1.3M
15 Geneos Wealth Management Inc. 0.01% 21,000 $509K
16 Independent Financial Group, LLC 0.01% 15,000 $363K
17 Captrust Financial Advisors 0.01% 160,127 $3.9M
18 Pittenger & Anderson Inc 0.00% 4,400 $107K
19 Foundations Investment Advisors, LLC 0.00% 11,262 $273K
20 Cullen/Frost Bankers, INC. 0.00% 6,000 $145K
21 Ancora Advisors LLC 0.00% 1,102 $27K
22 Royal Bank of Canada 0.00% 132,541 $3.2M
23 Vima LLC 0.00% 20 —
24 Mariner, LLC 0.00% 8,325 $202K
25 Susquehanna International Group, LLP 0.00% 63,278 $1.5M
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 (TBF)

What does the Smart Money Trend signal show for TBF?

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

Heavy selling pressure — only 37% buying: Last quarter: 22 funds sold vs only 13 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 TBF holders?

Smaller funds dominant — 17% AUM from top-100: 6 of 33 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TBF?

65% of holders stayed for 2+ years: 22 out of 34 hedge funds have held TBF 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.

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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