Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr II (UGL)

56 + 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
↑ +1
Streak
3Q ▲
Buyers last Q
42%

Smart Money Signals — UGL

Based on 57 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added UGL 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
57 hedge funds hold UGL 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.
🚀

Fast accumulation — +33% more funds vs a year ago

fund count last 6Q
+14 new funds entered over the past year (+33% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 42% buying

30 buying41 selling
Last quarter: 41 funds reduced or exited vs 30 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.
➡️

Steady new buyers — ~20 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 10 → 16 → 20. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 28% long-term, 33% new

■ 28% conviction (2yr+) ■ 39% medium ■ 33% new
Of the 57 current holders: 16 (28%) held >2 years, 22 held 1–2 years, and 19 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.
🚀

Acceleration phase — new buyers rushing in

17 → 10 → 10 → 16 → 20 new funds/Q
New funds entering each quarter: 10 → 10 → 16 → 20. 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 — 56% veterans vs 36% newcomers

■ 56% veterans ■ 8% 1-2yr ■ 36% new
Entry-cohort mix of 61 holders: 34 (56%) are 2+ year veterans, 5 entered 1–2 years ago, and 22 (36%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 5% AUM from top-100

5% from top-100 AUM funds
10 of 54 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.8
out of 10
Moderate Exit Risk
Exit risk score 4.8/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 Q1, 30 hedge funds were net buyers of UGL (20 opened a new position, 10 added to an existing one), while 41 reduced or exited (22 trimmed, 19 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 57.

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.

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

Signal Freshness measures how much UGL 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 · 83d ago
UGL
-21.1%
SPY
+15.1%

UGL outperformed SPY by -36.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 38d ago
UGL
-14.9%
SPY
+1.3%

Since the filing became public, UGL outperformed SPY by -16.2% .

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 2 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: UGL
56 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 56 56 -
13F Shares 3M 4M -28.0%
Total Value $175M $224M -22.11%
New Positions 20 16 +4
Increased Positions 7 18 -11
Closed Positions 20 5 +15
Reduced Positions 21 15 +6
Total Calls 4 5 -20.0%
Total Puts 3 4 -25.0%
PUT/CALL Ratio 0.75 0.8 Neutral

Statistics: UGL

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)

56 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TB Alternative Assets Ltd. 8.91% 697,739 $42.9M
2 PMV Capital Advisers, LLC 4.63% 44,642 $2.7M
3 China Universal Asset Management Co., Ltd. 0.96% 205,300 $12.6M
4 Genesis Financial Group, LLC 0.38% 9,900 $608K
5 Quadrature Capital Ltd 0.16% 215,774 $13.3M
6 Innova Wealth Partners 0.11% 3,922 $241K
7 Jump Financial, LLC 0.11% 132,257 $8.1M
8 IAM Advisory, LLC 0.10% 7,309 $449K
9 Legacy Wealth Partners, LLC 0.07% 4,662 $287K
10 Mainstay Capital Management LLC /Adv 0.07% 14,320 $880K
11 Hamilton Wealth, LLC 0.05% 12,504 $768K
12 Harvest Investment Services, LLC 0.04% 3,534 $217K
13 Allen Capital Group, LLC 0.03% 6,113 $376K
14 Advisory Alpha, LLC 0.03% 17,768 $1.1M
15 EverSource Wealth Advisors, LLC 0.03% 9,883 $875K
16 Cary Street Partners Financial LLC 0.02% 16,000 $983K
17 Evoke Wealth, LLC 0.02% 17,396 $1.1M
18 Mgo One Seven LLC 0.01% 12,100 $744K
19 Integrated Advisors Network LLC 0.01% 4,000 $246K
20 Meridian Wealth Management, LLC 0.01% 5,793 $356K
21 Rothschild Investment LLC 0.01% 3,000 $184K
22 Cassaday & Co Wealth Management LLC 0.01% 4,900 $301K
23 Highline Wealth Partners LLC 0.00% 200 $12K
24 OneDigital Investment Advisors LLC 0.00% 5,039 $310K
25 Citadel Advisors LLC 0.00% 271,900 $16.7M
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?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added UGL 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 UGL?

More sellers than buyers — 42% buying: Last quarter: 41 funds reduced or exited vs 30 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 UGL holders?

Smaller funds dominant — 5% AUM from top-100: 10 of 54 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held UGL?

Mixed — 28% long-term, 33% new: Of the 57 current holders: 16 (28%) held >2 years, 22 held 1–2 years, and 19 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.

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

As of today, UGL has moved -14.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of -16.2%. Since the quarter end (March 31, 2026), UGL has gained -21.1% vs +15.1% 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.

Full history →