ProShares Ultra S&P 500

SSO • ARCA

ProShares Ultra S&P 500 is an exchange-traded fund on ARCA. As of Q3 2025, 235 institutional investors hold shares in this ETF, with total holdings valued at $2.3B. Howard Capital Management Inc. is the largest holder with a position valued at $772.3M.

Overview

Overview of institutional ownership in SSO as of Q3 2025

All Institutions

Institutions: 235
Value Held: $2.3B
Shares Held: 20.7M
Avg Position: $9.9M
Median Position: $595.2K

Hedge Funds

Hedge Funds: 7
Value Held: $4.6M
Shares Held: 41.4K
Avg Position: $663.5K
Median Position: $289.6K

Biggest Investors

Institutions with the largest positions in SSO 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	$772.3M 10.21% of portfolio	6.9M shares	Q3 2024 Held for 1y 2m	$7.6B
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	Hyun Michael Kim CEO	$744.0M 1.60% of portfolio	6.6M shares	Q4 2016 Held for 8y 11m	$46.5B
Sollinda Capital Management LLC RIA/Wealth	Ryan Anthony Mumy CEO	$68.3M 18.71% of portfolio	608.9K shares	Q2 2024 Held for 1y 5m	$364.9M
M Main Street Group, LTD Institution	-	$67.1M 21.82% of portfolio	598.7K shares	Q4 2023 Held for 1y 11m	$307.7M
TTP Investments, Inc. RIA/Wealth	Harris Wayne Willner President	$46.6M 14.93% of portfolio	411.7K shares	Q4 2021 Held for 3y 11m	$312.0M
A Advisor Group Holdings, Inc. Institution	-	$46.1M 0.06% of portfolio	412.3K shares	Q1 2020 Held for 5y 8m	$71.0B
Ridgepath Capital Management LLC RIA/Wealth	Samuel Nathan Pressley Managing Partner	$39.9M 17.01% of portfolio	355.4K shares	Q4 2023 Held for 1y 11m	$234.3M
Pinkerton Retirement Specialists, LLC RIA/Wealth	Daniel Walter Pinkerton President	$34.7M 3.74% of portfolio	309.9K shares	Q1 2024 Held for 1y 8m	$930.2M
Revere Asset Management, Inc RIA/Wealth	Daniel Martin Stewart CEO	$32.5M 12.33% of portfolio	289.7K shares	Q3 2025 Held for 2 months	$263.4M
Spire Wealth Management RIA/Wealth	David Lloyd Blisk CEO	$19.2M 0.65% of portfolio	171.2K shares	Q1 2021 Held for 4y 8m	$2.9B

Net Capital Flow

Institutional buying and selling activity for SSO in Q3 2025

Net Flow: +$232.1M
Buyers: 68
Sellers: 95
Total Bought: +$827.2M
Total Sold: −$595.1M
Avg Position: $10.1M

Biggest Buyers

Institution	Net Bought	Current Position
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	+$743.3M +6.6M shares	$744.0M 6.6M shares
A Advisor Group Holdings, Inc. Institution	+$42.7M +382.2K shares	$46.1M 412.3K shares
T TFB Advisors LLC RIA/Wealth	+$5.8M +52.8K shares	$5.8M 52.8K shares
TTP Investments, Inc. RIA/Wealth	+$3.5M +31.1K shares	$46.6M 411.7K shares
MILESTONE ASSET MANAGEMENT, LLC RIA/Wealth	+$3.3M +29.6K shares	$3.6M 32.4K shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	+$3.2M +28.9K shares	$3.7M 33.4K shares
T Tower Research Capital LLC Institution	+$2.9M +26.3K shares	$4.2M 37.2K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$2.6M +23.6K shares	$2.6M 23.6K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$2.5M +22.0K shares	$2.9M 26.1K shares
L LPL Financial LLC Institution	+$2.1M +19.0K shares	$5.1M 45.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$461.7M −4.7M shares	Sold Off 0 shares
Robinson Value Management, Ltd. RIA/Wealth	−$23.1M −236.1K shares	Sold Off 0 shares
M Marshall Financial Group LLC Institution	−$21.2M −189.1K shares	$7.2M 63.9K shares
NBZ Investment Advisors LLC RIA/Wealth	−$13.7M −140.5K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$10.1M −103.3K shares	Sold Off 0 shares
Howard Capital Management Inc. Long Only Manager	−$8.1M −71.9K shares	$772.3M 6.9M shares
Sollinda Capital Management LLC RIA/Wealth	−$6.6M −59.0K shares	$68.3M 608.9K shares
Client First Investment Management LLC RIA/Wealth	−$5.9M −52.6K shares	$10.2M 91.0K shares
Brookstone Capital Management RIA/Wealth	−$4.8M −42.5K shares	$11.0M 98.1K shares
Ashton Thomas Private Wealth, LLC RIA/Wealth	−$4.1M −42.4K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 19
New Value: $39.5M
Exited Positions: 30
Exited Value: $530.5M

New Positions

Institution	Position Value
Revere Asset Management, Inc RIA/Wealth	$32.5M 289.7K shares
VisionPoint Advisory Group, LLC RIA/Wealth	$2.0M 17.6K shares
Diversified Trust Co RIA/Wealth	$1.3M 12.0K shares
Richmond Brothers, Inc. RIA/Wealth	$791.0K 7.1K shares
Advyzon Investment Management, LLC RIA/Wealth	$632.6K 5.6K shares
D Defined Financial Planning LLC RIA/Wealth	$558.2K 4.9K shares
Forefront Wealth Partners, LLC RIA/Wealth	$457.4K 4.1K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$278.3K 5.2K shares
Gibson Wealth Advisors LLC RIA/Wealth	$241.4K 2.2K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	$224.8K 2.0K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$461.7M 4.7M shares
Robinson Value Management, Ltd. RIA/Wealth	$23.1M 236.1K shares
NBZ Investment Advisors LLC RIA/Wealth	$13.7M 140.5K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.1M 103.3K shares
Ashton Thomas Private Wealth, LLC RIA/Wealth	$4.1M 42.4K shares
G GTS SECURITIES LLC Institution	$3.7M 38.2K shares
FIRST NATIONAL CORP /MA/ /ADV RIA/Wealth	$3.1M 32.1K shares
T Toroso Investments, LLC ETF Provider	$1.9M 19.6K shares
F FLOW TRADERS U.S. LLC Institution	$1.5M 15.1K shares
J JANE STREET GROUP, LLC Institution	$1.2M 12.1K shares

Options Activity

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

Call Positions: 4
Call Value: $110.2M
Put Positions: 5
Put Value: $75.7M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$46.8M 4.2K contracts
W WOLVERINE TRADING, LLC Institution	$29.2M 2.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$25.0M 2.2K contracts
J JANE STREET GROUP, LLC Institution	$9.1M 815.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$28.5M 2.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$25.7M 2.3K contracts
W WOLVERINE TRADING, LLC Institution	$9.5M 854.0 contracts
J JANE STREET GROUP, LLC Institution	$8.4M 753.0 contracts
Lido Advisors, LLC RIA/Wealth	$3.5M 315.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M Main Street Group, LTD Institution	-	21.82% $67.1M	598.7K shares	Q4 2023 Held for 1y 11m	$307.7M
Sollinda Capital Management LLC RIA/Wealth	Ryan Anthony Mumy CEO	18.71% $68.3M	608.9K shares	Q2 2024 Held for 1y 5m	$364.9M
Ridgepath Capital Management LLC RIA/Wealth	Samuel Nathan Pressley Managing Partner	17.01% $39.9M	355.4K shares	Q4 2023 Held for 1y 11m	$234.3M
TTP Investments, Inc. RIA/Wealth	Harris Wayne Willner President	14.93% $46.6M	411.7K shares	Q4 2021 Held for 3y 11m	$312.0M
Revere Asset Management, Inc RIA/Wealth	Daniel Martin Stewart CEO	12.33% $32.5M	289.7K shares	Q3 2025 Held for 2 months	$263.4M
Howard Capital Management Inc. Long Only Manager	Ronald Vance Howard CEO	10.21% $772.3M	6.9M shares	Q3 2024 Held for 1y 2m	$7.6B
L LTG Capital LLC RIA/Wealth	Ariel Felipe Acuna Owner	8.54% $10.8M	96.7K shares	Q4 2021 Held for 3y 11m	$127.1M
Client First Investment Management LLC RIA/Wealth	Paul Zarling Managing Partner	5.26% $10.2M	91.0K shares	Q4 2023 Held for 1y 11m	$193.8M
C CROWLEY WEALTH MANAGEMENT, INC. RIA/Wealth	Frederick John Crowley President	4.49% $5.6M	50.3K shares	Q4 2024 Held for 11 months	$125.4M
Pinkerton Retirement Specialists, LLC RIA/Wealth	Daniel Walter Pinkerton President	3.74% $34.7M	309.9K shares	Q1 2024 Held for 1y 8m	$930.2M

Hedge Fund Spotlight

Discover hedge funds investing in SSO

Squarepoint Ops LLC

Hedge Fund • Quant

Portfolio ManagerMichael Gottlieb

Portfolio Value: $46.9B
Positions: 2,529
Last Reported: Q3 2025

Sector Allocation

Position in ProShares Ultra S&P 500

Market Value: $267.9K
Shares Held: 2.4K
Portfolio Weight: 0.00%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 iShares Core S&P 500 ETF IVV	ETF ETF	$5.5B	11.75%
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$983.1M	2.10%
3 Nvidia NVDA	Semiconductors Technology	$935.8M	2.00%