ProShares UltraPro Short QQQ

SQQQ • NASDAQ

ProShares UltraPro Short QQQ is an exchange-traded fund on NASDAQ. As of Q3 2025, 86 institutional investors hold shares in this ETF, with total holdings valued at $275.0M. JANE STREET GROUP, LLC is the largest holder with a position valued at $87.5M.

Overview

Overview of institutional ownership in SQQQ as of Q3 2025

All Institutions

Institutions: 86
Value Held: $275.0M
Shares Held: 18.0M
Avg Position: $3.2M
Median Position: $367.5K

Hedge Funds

Hedge Funds: 7
Value Held: $18.4M
Shares Held: 1.2M
Avg Position: $2.6M
Median Position: $1.5M

Biggest Investors

Institutions with the largest positions in SQQQ as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
J JANE STREET GROUP, LLC Institution	-	$87.5M 0.10% of portfolio	5.7M shares	Q1 2014 Held for 11y 8m	$84.1B
UBS Group AG Institution	Sergio P. Ermotti CEO	$34.2M 0.01% of portfolio	2.2M shares	Q4 2019 Held for 5y 11m	$511.54B
Q Quadrature Capital Ltd Institution	-	$33.4M 0.39% of portfolio	2.2M shares	Q1 2025 Held for 8 months	$8.5B
CITIGROUP INC Institution	Jane Fraser CEO	$10.9M 0.01% of portfolio	714.3K shares	Q1 2021 Held for 4y 8m	$144.32B
F FLOW TRADERS U.S. LLC Institution	-	$10.2M 0.50% of portfolio	672.4K shares	Q1 2025 Held for 8 months	$2.1B
S SMITHFIELD TRUST CO Institution	-	$8.5M 0.39% of portfolio	559.6K shares	Q1 2023 Held for 2y 8m	$2.2B
J Jump Financial, LLC Institution	-	$8.5M 0.12% of portfolio	558.9K shares	Q4 2022 Held for 2y 11m	$7.4B
T TB Alternative Assets Ltd. Hedge Fund•Value	Shujun Li CEO	$8.4M 1.26% of portfolio	551.1K shares	Q3 2025 Held for 2 months	$668.4M
IHT Wealth Management, LLC RIA/Wealth	Steven John Dudash CEO	$7.7M 0.20% of portfolio	504.2K shares	Q2 2025 Held for 5 months	$3.9B
W WOLVERINE TRADING, LLC Institution	-	$5.6M 0.11% of portfolio	364.5K shares	Q4 2024 Held for 11 months	$4.9B

Net Capital Flow

Institutional buying and selling activity for SQQQ in Q3 2025

Traded: +$157.8M
Buyers: 64
Sellers: 26
Total Bought: +$182.5M
Total Sold: −$24.7M
Avg Position: $2.7M

Biggest Buyers

Institution	Net Bought	Current Position
J JANE STREET GROUP, LLC Institution	+$62.4M +4.1M shares	$87.5M 5.7M shares
Q Quadrature Capital Ltd Institution	+$33.4M +2.2M shares	$33.4M 2.2M shares
UBS Group AG Institution	+$13.1M +862.8K shares	$34.2M 2.2M shares
T TB Alternative Assets Ltd. Hedge Fund•Value	+$8.4M +551.1K shares	$8.4M 551.1K shares
S SMITHFIELD TRUST CO Institution	+$6.5M +429.6K shares	$8.5M 559.6K shares
F FLOW TRADERS U.S. LLC Institution	+$6.4M +422.0K shares	$10.2M 672.4K shares
J Jump Financial, LLC Institution	+$6.3M +416.1K shares	$8.5M 558.9K shares
IHT Wealth Management, LLC RIA/Wealth	+$5.7M +371.7K shares	$7.7M 504.2K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$5.1M +334.8K shares	$5.1M 334.8K shares
S SIMPLEX TRADING, LLC Institution	+$4.6M +301.5K shares	$4.6M 301.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
T Two Seas Capital LP Hedge Fund•Event Driven	−$9.8M −500.0K shares	Sold Off 0 shares
Walleye Trading LLC RIA/Wealth	−$4.1M −210.6K shares	Sold Off 0 shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$2.0M −132.6K shares	$3.0M 199.7K shares
D DRW Securities, LLC Institution	−$1.8M −121.6K shares	$1.2M 76.1K shares
R RBF Capital, LLC Institution	−$1.5M −76.1K shares	Sold Off 0 shares
O OLD MISSION CAPITAL LLC Institution	−$1.2M −76.6K shares	$640.6K 42.1K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$853.3K −43.6K shares	Sold Off 0 shares
Schwallier Wealth Management LLC RIA/Wealth	−$851.3K −43.5K shares	Sold Off 0 shares
T TWO SIGMA SECURITIES, LLC Institution	−$694.3K −35.5K shares	Sold Off 0 shares
B Belvedere Trading LLC Institution	−$248.5K −12.7K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 11
New Value: $3.9M
Exited Positions: 17
Exited Value: $19.1M

New Positions

Institution	Position Value
Change Path, LLC RIA/Wealth	$830.6K 54.5K shares
Gladstone Institutional Advisory LLC RIA/Wealth	$685.4K 45.0K shares
CHELSEA COUNSEL CO RIA/Wealth	$631.1K 41.4K shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	$464.0K 31.0K shares
Integrity Financial Corp /WA RIA/Wealth	$294.2K 19.3K shares
BTG Pactual Asset Management US LLC Hedge Fund•Multi-Strategy	$260.3K 14.6K shares
Soltis Investment Advisors LLC RIA/Wealth	$245.7K 16.1K shares
MWA Asset Management RIA/Wealth	$228.5K 15.0K shares
Emerald Investment Partners, LLC RIA/Wealth	$209.5K 13.8K shares
Sontag Advisory, LLC RIA/Wealth	$3.8K 251.0 shares

Exited Positions

Institution	Previous Position
T Two Seas Capital LP Hedge Fund•Event Driven	$9.8M 500.0K shares
Walleye Trading LLC RIA/Wealth	$4.1M 210.6K shares
R RBF Capital, LLC Institution	$1.5M 76.1K shares
B BNP PARIBAS ARBITRAGE, SA Institution	$853.3K 43.6K shares
Schwallier Wealth Management LLC RIA/Wealth	$851.3K 43.5K shares
T TWO SIGMA SECURITIES, LLC Institution	$694.3K 35.5K shares
B Belvedere Trading LLC Institution	$248.5K 12.7K shares
Total Clarity Wealth Management, Inc. RIA/Wealth	$241.1K 12.3K shares
Sepio Capital, LLC RIA/Wealth	$225.8K 11.5K shares
Q Qube Research & Technologies Ltd Institution	$214.7K 11.0K shares

Options Activity

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

Call Positions: 9
Call Value: $182.3M
Put Positions: 8
Put Value: $127.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$81.4M 53.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$71.2M 46.8K contracts
W WOLVERINE TRADING, LLC Institution	$20.5M 13.4K contracts
J JANE STREET GROUP, LLC Institution	$9.1M 6.0K contracts
U U.S. Capital Wealth Advisors, LLC RIA/Wealth	$19.1K 450.0 contracts
UBS Group AG Institution	$1.5K 1.0 contracts
Creative Planning RIA/Wealth	$716.0 27.0 contracts
Walleye Trading LLC RIA/Wealth	- - contracts
C Canal Insurance CO Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$56.6M 37.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$49.7M 32.6K contracts
J JANE STREET GROUP, LLC Institution	$11.4M 7.5K contracts
W WOLVERINE TRADING, LLC Institution	$9.5M 6.2K contracts
Astra Wealth Partners LLC RIA/Wealth	$202.6K 133.0 contracts
HighTower Advisors, LLC RIA/Wealth	$12.3K 129.0 contracts
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
P PayPay Securities Corp Institution	-	9.13% $253.9K	16.7K shares	Q1 2023 Held for 2y 8m	$2.8M
Lane Generational LLC RIA/Wealth	Frederick Carpenter Lane CEO	2.63% $3.2M	208.1K shares	Q2 2025 Held for 5 months	$120.4M
R RAFFLES ASSOCIATES LP Hedge Fund•Value	Paul H. O'Leary Managing Partner	1.47% $1.5M	100.0K shares	Q3 2025 Held for 2 months	$103.8M
AXS Investments LLC Institution	Gregory David Bassuk CEO	1.42% $3.3M	213.4K shares	Q3 2025 Held for 2 months	$229.5M
T TB Alternative Assets Ltd. Hedge Fund•Value	Shujun Li CEO	1.26% $8.4M	551.1K shares	Q3 2025 Held for 2 months	$668.4M
F FLOW TRADERS U.S. LLC Institution	-	0.50% $10.2M	672.4K shares	Q1 2025 Held for 8 months	$2.1B
Q Quadrature Capital Ltd Institution	-	0.39% $33.4M	2.2M shares	Q1 2025 Held for 8 months	$8.5B
S SMITHFIELD TRUST CO Institution	-	0.39% $8.5M	559.6K shares	Q1 2023 Held for 2y 8m	$2.2B
C Canal Insurance CO Institution	-	0.34% $1.5M	100.0K shares	Q1 2025 Held for 8 months	$445.8M
CHELSEA COUNSEL CO RIA/Wealth	Patrick Carme Pascal CEO	0.28% $631.1K	41.4K shares	Q3 2025 Held for 2 months	$225.2M

Hedge Fund Spotlight

Discover hedge funds investing in SQQQ

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in ProShares UltraPro Short QQQ

Market Value: $5.1M
Shares Held: 334.8K
Portfolio Weight: 0.00%
Owned Since: 2016-Q3

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%