Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr (UPRO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -23
Streak
1Q ▼
Buyers last Q
46%

Smart Money Signals — UPRO

Based on 120 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their UPRO 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 — 84% of 3.0Y peak

84% of all-time peak
120 funds currently hold this stock — 84% of the 3.0-year high of 143 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +28% more funds vs a year ago

fund count last 6Q
+26 new funds entered over the past year (+28% 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 — 46% buying

63 buying75 selling
Last quarter: 75 funds reduced or exited vs 63 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 (-19 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 34 → 27 → 35 → 16. 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.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 30% medium ■ 23% new
56 out of 120 hedge funds have held UPRO 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.
📊

Peak discovery — momentum slowing

14 → 34 → 27 → 35 → 16 new funds/Q
New funds entering each quarter: 34 → 27 → 35 → 16. UPRO is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 56% veterans vs 27% newcomers

■ 56% veterans ■ 17% 1-2yr ■ 27% new
Entry-cohort mix of 125 holders: 70 (56%) are 2+ year veterans, 21 entered 1–2 years ago, and 34 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 12% AUM from top-100

12% from top-100 AUM funds
10 of 117 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 — UPRO

In 2026 Q1, 63 hedge funds were net buyers of UPRO (16 opened a new position, 47 added to an existing one), while 75 reduced or exited (36 trimmed, 39 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -23 funds (more exits than new entries). Total institutional holders: 120.

Hedge Fund Ownership: UPRO

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

Market Analysis: UPRO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: UPRO

-- --

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

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

Signal Freshness measures how much UPRO 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 · 79d ago
UPRO
+47.3%
SPY
+13.9%

UPRO outperformed SPY by +33.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
UPRO
+2.2%
SPY
+0.2%

Since the filing became public, UPRO outperformed SPY by +2.0% .

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.

5 top-rated funds 2 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
2.6
/ 10
conviction
Hedge Fund Positioning: UPRO
120 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 120 143 -16.08%
13F Shares 6M 8M -30.61%
Total Value $543M $894M -39.25%
New Positions 16 35 -19
Increased Positions 44 28 +16
Closed Positions 39 18 +21
Reduced Positions 34 49 -15
Total Calls 3 4 -25.0%
Total Puts 4 5 -20.0%
PUT/CALL Ratio 1.33 1.25 Bearish

Statistics: UPRO

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

120 + investors

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

QUARTER:
Top 25 UPRO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Revere Asset Management, Inc 9.04% 181,937 $17.6M
2 Ridgepath Capital Management LLC 8.16% 169,217 $16.4M
3 Spectrum Financial Alliance Ltd LLC 2.42% 129,902 $12.6M
4 Safe Harbor Fiduciary, LLC 1.82% 19,693 $1.9M
5 Mfg Wealth Management, INC. 1.41% 17,541 $1.7M
6 BXM Wealth LLC 1.40% 18,799 $1.8M
7 Millington Financial Advisors, LLC 1.37% 25,519 $3.3M
8 Main Street Group, LTD 1.34% 46,896 $4.5M
9 Uniting Wealth Partners, LLC 0.54% 26,000 $2.5M
10 DeDora Capital, Inc. 0.43% 18,280 $1.8M
11 Erickson Financial Group, LLC 0.42% 6,952 $674K
12 Dedeker Financial LLC 0.36% 4,290 $416K
13 Hickory Point Bank & Trust 0.31% 4,845 $470K
14 Fortress Private Ledger, LLC 0.27% 8,800 $853K
15 Mittelman Wealth Management 0.26% 4,345 $421K
16 Ascentis Independent Advisors 0.20% 27,940 $2.7M
17 Westmount Partners, LLC 0.20% 8,486 $823K
18 Tower Research Capital LLC (TRC) 0.17% 67,239 $6.5M
19 Optima Capital LLC 0.15% 3,363 $326K
20 Daviman Financial, LLC 0.15% 2,581 $250K
21 Toth Financial Advisory Corp 0.15% 13,631 $1.3M
22 Ellis Investment Partners, LLC 0.13% 7,670 $744K
23 Visionary Horizons, LLC 0.11% 2,275 $221K
24 Sollinda Capital Management LLC 0.11% 4,544 $441K
25 Meramec Financial Planners, LLC 0.10% 2,057 $256K
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 (UPRO)

What does the Smart Money Trend signal show for UPRO?

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

More sellers than buyers — 46% buying: Last quarter: 75 funds reduced or exited vs 63 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 UPRO holders?

Smaller funds dominant — 12% AUM from top-100: 10 of 117 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held UPRO?

47% of holders stayed for 2+ years: 56 out of 120 hedge funds have held UPRO 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 (UPRO) following the 2026 Q1 hedge fund 13F filings?

As of today, UPRO has moved +2.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +2.0%. Since the quarter end (March 31, 2026), UPRO has gained +47.3% vs +13.9% 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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