Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr II (UGL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -13
Streak
1Q ▼
Buyers last Q
38%

Smart Money Signals — UGL

Based on 44 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 UGL 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 — 77% of 3.0Y peak

77% of all-time peak
44 funds currently hold this stock — 77% of the 3.0-year high of 57 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +5% more funds vs a year ago

fund count last 6Q
+2 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 38% buying

22 buying36 selling
Last quarter: 36 funds sold vs only 22 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 10 → 16 → 20 → 10. 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.
📌

Mixed — 34% long-term, 18% new

■ 34% conviction (2yr+) ■ 48% medium ■ 18% new
Of the 44 current holders: 15 (34%) held >2 years, 21 held 1–2 years, and 8 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares -39%, value -57%

Value
-56%
Shares
-39%
Last quarter: funds added -39% more shares while total portfolio value only changed -57%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~10 new funds/quarter

10 → 10 → 16 → 20 → 10 new funds/Q
New funds entering each quarter: 10 → 16 → 20 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 64% veterans vs 23% newcomers

■ 64% veterans ■ 13% 1-2yr ■ 23% new
Entry-cohort mix of 47 holders: 30 (64%) are 2+ year veterans, 6 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.
📋

Smaller funds dominant — 8% AUM from top-100

8% from top-100 AUM funds
10 of 40 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — UGL

In 2026 Q2, 22 hedge funds were net buyers of UGL (10 opened a new position, 12 added to an existing one), while 36 reduced or exited (13 trimmed, 23 sold completely) — a 38% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -13 funds (more exits than new entries). Total institutional holders: 44.

Hedge Fund Ownership: UGL

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

Market Analysis: UGL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: UGL

-- --

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
0.9
/ 10
conviction
Hedge Fund Positioning: UGL
40 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 40 57 -29.82%
13F Shares 2M 3M -39.36%
Total Value $76M $175M -56.69%
New Positions 10 20 -10
Increased Positions 10 8 +2
Closed Positions 23 19 +4
Reduced Positions 13 21 -8
Total Calls 4 4 -
Total Puts 3 3 -
PUT/CALL Ratio 0.75 0.75 Neutral

Statistics: UGL

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

40 + investors

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

QUARTER:
Top 25 UGL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PMV Capital Advisers, LLC 2.06% 31,306 $1.4M
2 TB Alternative Assets Ltd. 2.00% 284,736 $12.5M
3 China Universal Asset Management Co., Ltd. 0.44% 166,300 $7.3M
4 Thor Trading Advisors, LLC 0.39% 28,396 $1.2M
5 Global Assets Advisory, LLC 0.20% 20,224 $911K
6 Quadrature Capital Ltd 0.10% 270,378 $11.9M
7 Hamilton Wealth, LLC 0.10% 12,504 $549K
8 Two Sigma Securities, LLC 0.05% 12,019 $527K
9 EverSource Wealth Advisors, LLC 0.02% 15,363 $674K
10 Allen Capital Group, LLC 0.02% 5,613 $246K
11 Cary Street Partners Financial LLC 0.02% 16,000 $702K
12 Advisory Alpha, LLC 0.01% 13,220 $580K
13 StoneX Group Inc. 0.01% 6,674 $293K
14 Mgo One Seven LLC 0.01% 9,996 $439K
15 Rothschild Investment LLC 0.00% 3,000 $132K
16 Cassaday & Co Wealth Management LLC 0.00% 4,900 $215K
17 MAI Capital Management 0.00% 17,396 $763K
18 Larson Financial Group LLC 0.00% 1,338 $59K
19 Citadel Advisors LLC 0.00% 150,400 $6.6M
20 Citadel Advisors LLC 0.00% 141,800 $6.2M
21 NewEdge Advisors, LLC 0.00% 5,000 $219K
22 Susquehanna International Group, LLP 0.00% 160,500 $7.0M
23 Jane Street Group, LLC 0.00% 140,500 $6.2M
24 Kings Path Partners LLC 0.00% 24 $1K
25 Group One Trading LLC 0.00% 6,074 $266K
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 (UGL)

What does the Smart Money Trend signal show for UGL?

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

Heavy selling pressure — only 38% buying: Last quarter: 36 funds sold vs only 22 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 UGL holders?

Smaller funds dominant — 8% AUM from top-100: 10 of 40 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held UGL?

Mixed — 34% long-term, 18% new: Of the 44 current holders: 15 (34%) held >2 years, 21 held 1–2 years, and 8 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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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