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

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

As of today, TBF has moved -3.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of -3.6%. Since the quarter end (March 31, 2026), TBF gained +-0.0% 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 (TBF)

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

Smart Money Signals — TBF

Based on 39 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 TBF 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 65% of 3.0Y high

65% of all-time peak

Only 39 funds hold TBF today versus a peak of 60 funds at 2023 Q2 — just 65% 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.

📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q

+4 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 66% buying

21 buying11 selling

Last quarter: 21 funds were net buyers (13 opened a brand new position + 8 added to an existing one). Only 11 were sellers (5 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~13 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 10 → 4 → 8 → 13. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 13% medium ■ 23% new

25 out of 39 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.

💰

Value +116% but shares only +94% — price-driven

Value

+116%

+93%

Last quarter: the total dollar value of institutional holdings rose +116%, but actual share count only changed +94%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

📈

Growing discovery — still being found

6 → 10 → 4 → 8 → 13 new funds/Q

New funds entering each quarter: 10 → 4 → 8 → 13. A growing number of institutions are discovering TBF each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 72% of holders stayed 2+ years

■ 72% veterans ■ 5% 1-2yr ■ 22% new

Of 40 current holders: 29 (72%) 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 — 16% AUM from top-100

16% from top-100 AUM funds

8 of 39 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

1.9

out of 10

Low Exit Risk

Exit risk score 1.9/10 — 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	39	32	21.88%
13F Shares	1M	518K	93.66%
Total Value	$27M	$12M	116.43%
New Positions	13	8	+5
Increased Positions	8	4	+4
Closed Positions	6	5	+1
Reduced Positions	5	6	-1
Total Calls	1	2	-50.0%
Total Puts	1	0	100%
PUT/CALL Ratio	1.0	0.0	Neutral

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

21.88%

13F Shares

518K

93.66%

Total Value

$27M

$12M

116.43%

New Positions

Increased Positions

Closed Positions

Reduced Positions

-1

Total Calls

-50.0%

Total Puts

100%

PUT/CALL Ratio

1.0

0.0

Neutral

Institutional Holders (2026 Q1)

39 + 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:

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

Top 25 TBF holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Coral Wealth Management, LLC	6.69%	138,033	$6.0M
2	Shepherd Kaplan Krochuk, LLC	0.44%	21,807	$528K
3	Advisors Preferred, LLC	0.37%	102,425	$2.5M
4	Camelot Technology Advisors, INC.	0.37%	20,782	$504K
5	Hourglass Capital, LLC	0.27%	53,100	$1.3M
6	Sepio Capital, LP	0.16%	124,300	$3.0M
7	Worth Asset Management, LLC	0.15%	16,811	$407K
8	Walser Wealth Management Company, A Ltd Liability Co	0.13%	11,627	$282K
9	Horrell Capital Management, Inc.	0.11%	10,000	$242K
10	Pettinga Financial Advisors LLC	0.10%	21,800	$528K
11	Farringdon Capital, Ltd.	0.09%	16,573	$402K
12	Virtue Capital Management, LLC	0.05%	10,540	$349K
13	Stratos Wealth Partners, LTD.	0.03%	96,400	$2.3M
14	Private Wealth Partners, LLC	0.02%	10,000	$242K
15	Advisory Services Network, LLC	0.02%	53,988	$1.3M
16	Geneos Wealth Management Inc.	0.01%	21,000	$509K
17	Independent Financial Group, LLC	0.01%	15,000	$363K
18	Gts Securities LLC	0.01%	10,403	$252K
19	Pittenger & Anderson Inc	0.00%	4,400	$107K
20	Foundations Investment Advisors, LLC	0.00%	11,982	$290K
21	Cullen/Frost Bankers, INC.	0.00%	4,000	$97K
22	Hrt Financial LP	0.00%	9,523	$230K
23	Ancora Advisors LLC	0.00%	1,102	$27K
24	Captrust Financial Advisors	0.00%	11,750	$285K
25	Focus Partners Wealth	0.00%	16,794	$407K

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?

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

More buyers than sellers — 66% buying: Last quarter: 21 funds were net buyers (13 opened a brand new position + 8 added to an existing one). Only 11 were sellers (5 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TBF holders?

Smaller funds dominant — 16% AUM from top-100: 8 of 39 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TBF?

64% of holders stayed for 2+ years: 25 out of 39 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.

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

As of today, TBF has moved -3.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of -3.6%. Since the quarter end (March 31, 2026), TBF has gained +-0.0% 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 (TBF)

Smart Money Signals — TBF

Buying streak — 2 quarters in a row

Below peak — only 65% of 3.0Y high

Steady growth — +11% more funds vs a year ago

More buyers than sellers — 66% buying

Steady new buyers — ~13 new funds per quarter

64% of holders stayed for 2+ years

Value +116% but shares only +94% — price-driven

Growing discovery — still being found

Deep conviction — 72% of holders stayed 2+ years

Smaller funds dominant — 16% AUM from top-100

Institutional Sentiment Summary — TBF

Hedge Fund Ownership: TBF

Market Analysis: TBF

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: TBF

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

Hedge Fund Positioning: TBF

Statistics: TBF

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Proshares Tr (TBF)

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