Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr II (UCO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — UCO

Based on 42 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 UCO 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.
📊

High ownership — 84% of 3.0Y peak

84% of all-time peak
42 funds currently hold this stock — 84% of the 3.0-year high of 50 funds (reached 2023 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +14% more funds vs a year ago

fund count last 6Q
+5 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

27 buying20 selling
Last quarter: 27 funds bought or added vs 20 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.
➡️

Steady new buyers — ~17 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 11 → 6 → 12 → 17. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 19% medium ■ 26% new
23 out of 42 hedge funds have held UCO 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 +177% but shares only +35% — price-driven

Value
+176%
Shares
+35%
Last quarter: the total dollar value of institutional holdings rose +177%, but actual share count only changed +35%. 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.
🚀

Acceleration phase — new buyers rushing in

8 → 11 → 6 → 12 → 17 new funds/Q
New funds entering each quarter: 11 → 6 → 12 → 17. 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.
🏛️

Veteran-anchored — 67% veterans vs 23% newcomers

■ 67% veterans ■ 10% 1-2yr ■ 23% new
Entry-cohort mix of 48 holders: 32 (67%) are 2+ year veterans, 5 entered 1–2 years ago, and 11 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
9 of 41 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in UCO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 — UCO

In 2026 Q1, 27 hedge funds were net buyers of UCO (17 opened a new position, 10 added to an existing one), while 20 reduced or exited (6 trimmed, 14 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 50% of total institutional value in UCO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 42.

Hedge Fund Ownership: UCO

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

Market Analysis: UCO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: UCO

-- --

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

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

Signal Freshness measures how much UCO has moved relative to its sector benchmark (SPY) since the 2026 Q2 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 June 30, 2026 · 21d ago
UCO
+27.7%
SPY
-0.2%

UCO outperformed SPY by +27.9% since June 30, 2026.

Interpretation: The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors. 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
0.1
/ 10
conviction
Hedge Fund Positioning: UCO
2026 Q2 Stats Unlock in 29 days 42 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 42 39 7.69%
13F Shares 4M 3M 34.98%
Total Value $173M $62M 176.6%
New Positions 17 12 +5
Increased Positions 9 6 +3
Closed Positions 14 6 +8
Reduced Positions 5 9 -4
Total Calls 4 6 -33.33%
Total Puts 3 4 -25.0%
PUT/CALL Ratio 0.75 0.67 Neutral

Statistics: UCO

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

42 + investors

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

QUARTER:
Top 25 UCO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Two Sigma Securities, LLC 0.11% 24,907 $979K
2 Quantum Financial Advisors, LLC 0.10% 23,400 $920K
3 WT Wealth Management 0.09% 7,341 $289K
4 Quadrature Capital Ltd 0.06% 135,512 $5.3M
5 Chung Wu Investment Group, LLC 0.04% 1,300 $51K
6 Jump Financial, LLC 0.04% 76,334 $3.0M
7 Corsicana & Co. 0.03% 2,000 $54K
8 Shay Capital LLC 0.03% 10,000 $393K
9 Seneschal Advisors, LLC 0.03% 1,110 $44K
10 Means Investment CO., INC. 0.03% 8,241 $324K
11 Spire Wealth Management 0.02% 17,902 $704K
12 StoneX Group Inc. 0.02% 10,986 $432K
13 Sig Brokerage, LP 0.01% 13,100 $515K
14 Citadel Advisors LLC 0.01% 942,800 $37.1M
15 XTX Topco Ltd 0.00% 5,924 $233K
16 Susquehanna International Group, LLP 0.00% 881,700 $34.7M
17 SHP Wealth Management 0.00% 1,238 $49K
18 Jane Street Group, LLC 0.00% 684,900 $26.9M
19 Citadel Advisors LLC 0.00% 529,800 $20.8M
20 Group One Trading LLC 0.00% 26,256 $1.0M
21 Citadel Advisors LLC 0.00% 274,108 $10.8M
22 Susquehanna International Group, LLP 0.00% 387,100 $15.2M
23 Jane Street Group, LLC 0.00% 219,300 $8.6M
24 Signaturefd, LLC 0.00% 1,760 $69K
25 Rothschild Investment LLC 0.00% 400 $16K
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 II (UCO)

What does the Smart Money Trend signal show for UCO?

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

Slight buying edge — 57% buying: Last quarter: 27 funds bought or added vs 20 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 UCO holders?

Elite ownership — 50% AUM from top-100 funds: 9 of 41 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in UCO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held UCO?

55% of holders stayed for 2+ years: 23 out of 42 hedge funds have held UCO 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 II (UCO) following the 2026 Q2 hedge fund 13F filings?

Since the quarter end (June 30, 2026), UCO has gained +27.7% vs -0.2% for SPY. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

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.

Full history →