Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr (TOLZ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
1Q ▲
Buyers last Q
48%

Smart Money Signals — TOLZ

Based on 64 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 TOLZ 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.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
64 hedge funds hold TOLZ right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+7 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 48% buying

24 buying26 selling
Last quarter: 26 funds reduced or exited vs 24 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new TOLZ position: 8 → 8 → 5 → 11. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 27% medium ■ 17% new
36 out of 64 hedge funds have held TOLZ 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 — ~11 new funds/quarter

18 → 8 → 8 → 5 → 11 new funds/Q
New funds entering each quarter: 8 → 8 → 5 → 11. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 61% of holders stayed 2+ years

■ 61% veterans ■ 9% 1-2yr ■ 30% new
Of 64 current holders: 39 (61%) 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 — 32% AUM from major funds

32% from top-100 AUM funds
12 of 64 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — TOLZ

In 2026 Q1, 24 hedge funds were net buyers of TOLZ (11 opened a new position, 13 added to an existing one), while 26 reduced or exited (23 trimmed, 3 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. 32% of total institutional value in TOLZ 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: 64.

Hedge Fund Ownership: TOLZ

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

Market Analysis: TOLZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TOLZ

-- --

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

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

Signal Freshness measures how much TOLZ 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 · 76d ago
TOLZ
+1.7%
SPY
+14.1%

TOLZ outperformed SPY by -12.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
TOLZ
+-0.0%
SPY
+0.3%

Since the filing became public, TOLZ outperformed SPY by -0.3% .

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.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: TOLZ
63 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 63 56 12.5%
13F Shares 2M 3M -13.2%
Total Value $131M $139M -5.47%
New Positions 10 5 +5
Increased Positions 13 18 -5
Closed Positions 3 10 -7
Reduced Positions 23 17 +6
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TOLZ

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Institutional Holders (2026 Q1)

63 + investors

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

QUARTER:
Top 25 TOLZ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fortis Advisors, LLC 1.58% 52,618 $3.2M
2 Aprio Wealth Management, LLC 1.27% 386,498 $23.2M
3 Allodium Investment Consultants, LLC 0.96% 33,294 $2.0M
4 Aaron Wealth Advisors LLC 0.70% 206,343 $12.4M
5 Paladin Wealth, LLC 0.61% 14,677 $880K
6 Brown Financial Advisors 0.43% 18,775 $1.1M
7 Gradient Investments LLC 0.32% 340,717 $20.4M
8 Wealth Architects, LLC 0.30% 56,353 $3.4M
9 Mattson Financial Services, LLC 0.16% 11,258 $675K
10 Pitcairn Wealth Advisors LLC 0.16% 32,241 $1.7M
11 Pitcairn Co 0.10% 22,860 $1.2M
12 Paragon Capital Management Ltd 0.09% 7,220 $433K
13 First Citizens Asset Management, Inc. 0.08% 3,655 $219K
14 SeaCrest Wealth Management, LLC 0.06% 9,594 $575K
15 First Citizens Bank & Trust Co 0.04% 34,795 $2.1M
16 J.W. Cole Advisors, INC. 0.04% 21,361 $1.3M
17 First Financial Bank - Trust Division 0.04% 7,327 $439K
18 Svb Wealth LLC 0.02% 6,018 $361K
19 Brentview Investment Management LLC 0.02% 800 $48K
20 Koshinski Asset Management, Inc. 0.02% 5,222 $313K
21 Bell Bank 0.02% 7,000 $420K
22 Envestnet Portfolio Solutions, Inc. 0.01% 35,745 $2.1M
23 Strategic Wealth Partners, Ltd. 0.01% 2,625 $157K
24 United Capital Financial Advisors, LLC 0.01% 22,165 $1.3M
25 Johnson Investment Counsel Inc 0.01% 13,635 $818K
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 (TOLZ)

What does the Smart Money Trend signal show for TOLZ?

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

More sellers than buyers — 48% buying: Last quarter: 26 funds reduced or exited vs 24 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TOLZ holders?

Strong quality — 32% AUM from major funds: 12 of 64 holders rank in the top 100 by AUM, accounting for 32% 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 TOLZ?

56% of holders stayed for 2+ years: 36 out of 64 hedge funds have held TOLZ 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 (TOLZ) following the 2026 Q1 hedge fund 13F filings?

As of today, TOLZ has moved +-0.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -0.3%. Since the quarter end (March 31, 2026), TOLZ has gained +1.7% 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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