ProShares Ultra QQQ

QLD • ARCA

ProShares Ultra QQQ is an exchange-traded fund on ARCA. As of Q3 2025, 185 institutional investors hold shares in this ETF, with total holdings valued at $1.5B. Howard Capital Management Inc. is the largest holder with a position valued at $862.3M.

Overview

Overview of institutional ownership in QLD as of Q3 2025

All Institutions

Institutions: 185
Value Held: $1.5B
Shares Held: 10.9M
Avg Position: $8.1M
Median Position: $604.6K

Hedge Funds

Hedge Funds: 4
Value Held: $15.3M
Shares Held: 111.9K
Avg Position: $3.8M
Median Position: $3.9M

Biggest Investors

Institutions with the largest positions in QLD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Howard Capital Management Inc. Long Only Manager	Ronald Vance Howard CEO	$862.3M 11.39% of portfolio	6.3M shares	Q4 2017 Held for 7y 11m	$7.6B
Global View Capital Management LLC RIA/Wealth	Dina Louise Fliss President	$114.4M 30.15% of portfolio	833.8K shares	Q4 2024 Held for 11 months	$379.4M
M Main Street Group, LTD Institution	-	$75.1M 24.41% of portfolio	547.3K shares	Q4 2023 Held for 1y 11m	$307.7M
A Atlantic Trust, LLC Institution	-	$49.6M 8.47% of portfolio	361.5K shares	Q3 2022 Held for 3y 2m	$585.3M
Focus Financial Network, Inc. RIA/Wealth	John Gregory Bina President	$41.1M 1.47% of portfolio	299.6K shares	Q1 2024 Held for 1y 8m	$2.8B
TOTH FINANCIAL ADVISORY CORP RIA/Wealth	Kenneth Jackson Bowen CEO	$21.0M 2.26% of portfolio	152.8K shares	≤ Q2 2013 Held for 12y 5m+	$925.7M
D Dale Q Rice Investment Management Ltd RIA/Wealth	Dale Quintin Rice Owner	$17.5M 12.59% of portfolio	123.2K shares	Q4 2024 Held for 11 months	$138.8M
CWM, LLC RIA/Wealth	George Burton White CEO	$17.1M 0.05% of portfolio	124.6K shares	Q3 2025 Held for 2 months	$31.5B
W Westwood Wealth Management RIA/Wealth	Michael Andrew Puryear President	$15.0M 5.49% of portfolio	109.1K shares	Q4 2021 Held for 3y 11m	$272.7M
FIRST NATIONAL CORP /MA/ /ADV RIA/Wealth	Michael Scott Hebert COO	$12.4M 2.34% of portfolio	89.3K shares	Q4 2018 Held for 6y 11m	$527.5M

Net Capital Flow

Institutional buying and selling activity for QLD in Q3 2025

Traded: −$36.1M
Buyers: 79
Sellers: 70
Total Bought: +$64.6M
Total Sold: −$100.6M
Avg Position: $7.3M

Biggest Buyers

Institution	Net Bought	Current Position
CWM, LLC RIA/Wealth	+$17.1M +124.6K shares	$17.1M 124.6K shares
UBS Group AG Institution	+$8.9M +65.1K shares	$10.7M 78.1K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$3.6M +26.3K shares	$4.9M 35.9K shares
V Vontobel Holding Ltd. Institution	+$2.8M +20.3K shares	$2.8M 20.3K shares
Global View Capital Management LLC RIA/Wealth	+$2.4M +17.4K shares	$114.4M 833.8K shares
F FLOW TRADERS U.S. LLC Institution	+$2.2M +16.3K shares	$2.9M 20.9K shares
H Headlands Technologies LLC Institution	+$2.0M +14.2K shares	$2.0M 14.2K shares
T Tower Research Capital LLC Institution	+$1.8M +13.1K shares	$2.0M 14.7K shares
L Latitude Advisors, LLC RIA/Wealth	+$1.7M +12.7K shares	$1.7M 12.7K shares
M Main Street Group, LTD Institution	+$1.7M +12.2K shares	$75.1M 547.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
M Marshall Financial Group LLC Institution	−$28.9M −210.6K shares	$6.4M 46.4K shares
Howard Capital Management Inc. Long Only Manager	−$25.7M −187.3K shares	$862.3M 6.3M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$8.9M −65.0K shares	$7.2M 52.7K shares
W Westwood Wealth Management RIA/Wealth	−$5.4M −39.6K shares	$15.0M 109.1K shares
G GROUP ONE TRADING, L.P. Institution	−$3.8M −27.6K shares	$2.8M 20.3K shares
Client First Investment Management LLC RIA/Wealth	−$3.7M −31.1K shares	Sold Off 0 shares
P Prosperity Wealth Management, Inc. RIA/Wealth	−$2.6M −19.0K shares	$911.6K 6.6K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$2.1M −18.2K shares	Sold Off 0 shares
SRS Capital Advisors, Inc. RIA/Wealth	−$2.1M −17.6K shares	Sold Off 0 shares
GenWealth Group, Inc. RIA/Wealth	−$1.6M −11.8K shares	$9.3M 67.9K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited QLD in Q3 2025

New Positions: 12
New Value: $6.8M
Exited Positions: 19
Exited Value: $11.2M

New Positions

Institution	Position Value
L Latitude Advisors, LLC RIA/Wealth	$1.7M 12.7K shares
P Permanens Capital L.P. Institution	$1.2M 8.6K shares
Richmond Brothers, Inc. RIA/Wealth	$808.2K 5.9K shares
UNITED CAPITAL FINANCIAL ADVISERS, LLC RIA/Wealth	$782.0K 5.7K shares
American Alpha Advisors, LLC RIA/Wealth	$453.0K 3.3K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$439.0K 3.2K shares
Ethos Financial Group, LLC RIA/Wealth	$376.5K 2.7K shares
V Vise Technologies, Inc. Institution	$361.5K 2.6K shares
Advyzon Investment Management, LLC RIA/Wealth	$313.5K 2.3K shares
Global Assets Advisory, LLC RIA/Wealth	$300.1K 2.2K shares

Exited Positions

Institution	Previous Position
Client First Investment Management LLC RIA/Wealth	$3.7M 31.1K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$2.1M 18.2K shares
SRS Capital Advisors, Inc. RIA/Wealth	$2.1M 17.6K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$805.6K 6.8K shares
H HRT FINANCIAL LLC Institution	$454.6K 3.9K shares
V Van Hulzen Asset Management, LLC Institution	$423.8K 3.6K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$395.2K 3.4K shares
INTL FCSTONE INC. Institution	$312.5K 2.7K shares
Envestnet Portfolio Solutions, Inc. Long Only Manager	$293.6K 2.5K shares
C Chung Wu Investment Group, LLC Institution	$235.4K 2.0K shares

Options Activity

Institutions with the largest Call and Put options positions in QLD as of Q3 2025

Call Positions: 5
Call Value: $192.9M
Put Positions: 5
Put Value: $75.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$110.3M 8.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$29.9M 2.2K contracts
J JANE STREET GROUP, LLC Institution	$27.1M 2.0K contracts
W WOLVERINE TRADING, LLC Institution	$25.0M 1.8K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$548.8K 40.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$30.3M 2.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$22.0M 1.6K contracts
J JANE STREET GROUP, LLC Institution	$15.2M 1.1K contracts
W WOLVERINE TRADING, LLC Institution	$7.6M 555.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$315.6K 23.0 contracts

Most Committed Institutions

Institutions with QLD as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Global View Capital Management LLC RIA/Wealth	Dina Louise Fliss President	30.15% $114.4M	833.8K shares	Q4 2024 Held for 11 months	$379.4M
M Main Street Group, LTD Institution	-	24.41% $75.1M	547.3K shares	Q4 2023 Held for 1y 11m	$307.7M
D Dale Q Rice Investment Management Ltd RIA/Wealth	Dale Quintin Rice Owner	12.59% $17.5M	123.2K shares	Q4 2024 Held for 11 months	$138.8M
Howard Capital Management Inc. Long Only Manager	Ronald Vance Howard CEO	11.39% $862.3M	6.3M shares	Q4 2017 Held for 7y 11m	$7.6B
A Atlantic Trust, LLC Institution	-	8.47% $49.6M	361.5K shares	Q3 2022 Held for 3y 2m	$585.3M
Connective Capital Management, LLC Hedge Fund•Long/Short	Robert Magnus Romero CEO	6.69% $7.3M	53.0K shares	Q2 2023 Held for 2y 5m	$108.7M
W Westwood Wealth Management RIA/Wealth	Michael Andrew Puryear President	5.49% $15.0M	109.1K shares	Q4 2021 Held for 3y 11m	$272.7M
C CROWLEY WEALTH MANAGEMENT, INC. RIA/Wealth	Robert Alfanso Crowley President	4.91% $6.2M	44.9K shares	Q4 2024 Held for 11 months	$125.4M
PMV Capital Advisers, LLC RIA/Wealth	Daniel Ray Snover President	3.93% $2.0M	14.8K shares	Q4 2024 Held for 11 months	$51.5M
FIRST NATIONAL CORP /MA/ /ADV RIA/Wealth	Michael Scott Hebert COO	2.34% $12.4M	89.3K shares	Q4 2018 Held for 6y 11m	$527.5M

Hedge Fund Spotlight

Discover hedge funds investing in QLD

Connective Capital Management, LLC

Hedge Fund • Long/Short

Portfolio ManagerRobert Magnus Romero

Portfolio Value: $108.7M
Positions: 68
Last Reported: Q3 2025

Sector Allocation

Position in ProShares Ultra QQQ

Market Value: $7.3M
Shares Held: 53.0K
Portfolio Weight: 6.69%
Owned Since: 2023-Q2

Top Holding	Sector	Market Value	Weight
1 Invesco QQQ Trust QQQ	ETF ETF	$14.6M	13.42%
2 Intuitive Surgical ISRG	Medical - Instruments & Supplies Healthcare	$9.8M	9.02%
3 Broadcom Inc. AVGO	Semiconductors Technology	$7.7M	7.07%