Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr II (UCO)

34 + 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
↓ -5
Streak
1Q ▼
Buyers last Q
44%

Smart Money Signals — UCO

Based on 37 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 UCO 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 — 74% of 3.0Y peak

74% of all-time peak
37 funds currently hold this stock — 74% 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.
📉

Outflows — 8% fewer funds vs a year ago

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

More sellers than buyers — 44% buying

17 buying22 selling
Last quarter: 22 funds reduced or exited vs 17 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.
⚠️

Fewer new buyers each quarter (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 6 → 12 → 17 → 8. 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.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 16% medium ■ 24% new
22 out of 37 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.
💎

Buying through price weakness — shares +20%, value +1%

Value
+1%
Shares
+20%
Last quarter: funds added +20% more shares while total portfolio value only changed +1%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~8 new funds/quarter

12 → 6 → 12 → 17 → 8 new funds/Q
New funds entering each quarter: 6 → 12 → 17 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 27% newcomers

■ 66% veterans ■ 7% 1-2yr ■ 27% new
Entry-cohort mix of 41 holders: 27 (66%) are 2+ year veterans, 3 entered 1–2 years ago, and 11 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 63% AUM from top-100 funds

63% from top-100 AUM funds
9 of 35 holders are among the 100 largest funds by AUM, controlling 63% 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.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — 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 Q2, 17 hedge funds were net buyers of UCO (8 opened a new position, 9 added to an existing one), while 22 reduced or exited (9 trimmed, 13 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. 63% of total institutional value in UCO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 37.

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.

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
0.0
/ 10
conviction
Hedge Fund Positioning: UCO
34 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 34 42 -19.05%
13F Shares 5M 4M 20.22%
Total Value $175M $173M 1.47%
New Positions 8 17 -9
Increased Positions 8 9 -1
Closed Positions 14 15 -1
Reduced Positions 7 5 +2
Total Calls 3 4 -25.0%
Total Puts 3 3 -
PUT/CALL Ratio 1.0 0.75 Neutral

Statistics: UCO

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Institutional Holders (2026 Q2)

34 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Quantum Financial Advisors, LLC 0.08% 23,400 $771K
2 StoneX Group Inc. 0.07% 38,704 $1.7M
3 WT Wealth Management 0.07% 7,341 $242K
4 Quadrature Capital Ltd 0.05% 184,735 $6.1M
5 Seneschal Advisors, LLC 0.03% 1,110 $37K
6 Means Investment CO., INC. 0.02% 7,286 $240K
7 Jump Financial, LLC 0.01% 34,346 $929K
8 Sig Brokerage, LP 0.01% 13,100 $432K
9 Hrt Financial LP 0.00% 72,530 $2.4M
10 Ashton Thomas Private Wealth, LLC 0.00% 6,157 $203K
11 Belvedere Trading LLC 0.00% 87,430 $2.9M
12 Susquehanna International Group, LLP 0.00% 1,186,700 $39.1M
13 Citadel Advisors LLC 0.00% 788,700 $26.0M
14 SHP Wealth Management 0.00% 1,238 $41K
15 Citadel Advisors LLC 0.00% 603,300 $19.9M
16 Citadel Advisors LLC 0.00% 534,702 $17.6M
17 Jane Street Group, LLC 0.00% 568,400 $18.7M
18 Hilltop National Bank 0.00% 200 $7K
19 Susquehanna International Group, LLP 0.00% 482,200 $15.9M
20 IMC-Chicago, LLC 0.00% 138,993 $4.6M
21 Citigroup Inc 0.00% 100,300 $3.3M
22 Jane Street Group, LLC 0.00% 347,700 $11.5M
23 Signaturefd, LLC 0.00% 1,760 $58K
24 Rothschild Investment LLC 0.00% 400 $13K
25 Main Street Group, LTD 0.00% 60 $2K
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?

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

More sellers than buyers — 44% buying: Last quarter: 22 funds reduced or exited vs 17 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 UCO holders?

Elite ownership — 63% AUM from top-100 funds: 9 of 35 holders are among the 100 largest funds by AUM, controlling 63% 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?

59% of holders stayed for 2+ years: 22 out of 37 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.

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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