Proshares Tr (SPXU): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

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

As of today, SPXU has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.1% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), SPXU gained nan% vs +12.4% 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.

Proshares Tr (SPXU)

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

Smart Money Signals — SPXU

Based on 44 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added SPXU 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.

📊

High ownership — 88% of 2.2Y peak

88% of all-time peak

44 funds currently hold this stock — 88% of the 2.2-year high of 50 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

〰️

Stable — ownership unchanged year-over-year

fund count last 6Q

The number of hedge funds holding SPXU is almost the same as a year ago (-1 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.

🟢

More buyers than sellers — 60% buying

33 buying22 selling

Last quarter: 33 funds were net buyers (24 opened a brand new position + 9 added to an existing one). Only 22 were sellers (7 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter

Funds opening a new SPXU position: 9 → 23 → 11 → 24. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 52% entered in last year

■ 9% conviction (2yr+) ■ 39% medium ■ 52% new

Only 4 funds (9%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💰

Value +74% but shares only +56% — price-driven

Value

+74%

+55%

Last quarter: the total dollar value of institutional holdings rose +74%, but actual share count only changed +56%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

➡️

Steady discovery — ~24 new funds/quarter

19 → 9 → 23 → 11 → 24 new funds/Q

New funds entering each quarter: 9 → 23 → 11 → 24. Consistent flow of new institutional buyers without clear acceleration or slowdown.

📊

Mixed cohorts — 0% veterans, 43% new entrants

■ 0% veterans ■ 57% 1-2yr ■ 43% new

Of 49 current holders: 0 (0%) held 2+ years, 28 held 1–2 years, 21 (43%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

✅

Strong quality — 26% AUM from major funds

26% from top-100 AUM funds

10 of 41 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.7

out of 10

Low Exit Risk

Exit risk score 3.7/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	44	35	25.71%
13F Shares	5M	3M	55.58%
Total Value	$272M	$156M	74.32%
New Positions	24	11	+13
Increased Positions	8	2	+6
Closed Positions	15	26	-11
Reduced Positions	5	22	-17
Total Calls	4	5	-20.0%
Total Puts	3	3	-
PUT/CALL Ratio	0.75	0.6	Neutral

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

25.71%

13F Shares

55.58%

Total Value

$272M

$156M

74.32%

New Positions

+13

Increased Positions

Closed Positions

-11

Reduced Positions

-17

Total Calls

-20.0%

Total Puts

PUT/CALL Ratio

0.75

0.6

Neutral

Institutional Holders (2026 Q1)

44 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 SPXU holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Revere Asset Management, Inc	5.04%	173,278	$9.8M
2	Moulton Wealth Management, Inc	1.78%	46,895	$2.6M
3	Richards, Merrill & Peterson, INC.	0.19%	9,000	$511K
4	Cadent Capital Advisors, LLC	0.13%	8,835	$501K
5	Tower Research Capital LLC (TRC)	0.07%	45,660	$2.6M
6	Two Sigma Securities, LLC	0.05%	7,421	$421K
7	Jump Financial, LLC	0.04%	48,671	$2.8M
8	Beacon Capital Management, Inc.	0.04%	11,250	$638K
9	XTX Topco Ltd	0.02%	20,195	$1.1M
10	StoneX Group Inc.	0.02%	5,793	$329K
11	Hrt Financial LP	0.02%	115,916	$6.6M
12	Susquehanna International Group, LLP	0.01%	1,573,200	$89.3M
13	Susquehanna International Group, LLP	0.01%	1,130,400	$64.1M
14	Strategic Wealth Partners, Ltd.	0.01%	1,786	$101K
15	IMC-Chicago, LLC	0.01%	316,218	$17.9M
16	EFG International AG	0.01%	4,750	$270K
17	DRW Securities, LLC	0.00%	6,189	$351K
18	Jane Street Group, LLC	0.00%	408,850	$23.2M
19	Beacon Investment Advisory Services, INC.	0.00%	1,250	$71K
20	Citadel Advisors LLC	0.00%	311,375	$17.7M
21	Belvedere Trading LLC	0.00%	29,411	$1.7M
22	Simplex Trading, LLC	0.00%	45,074	$2.6M
23	Jane Street Group, LLC	0.00%	111,800	$6.3M
24	SBI Securities Co., Ltd.	0.00%	518	$29K
25	Susquehanna International Group, LLP	0.00%	124,392	$7.1M

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 (SPXU)

What does the Smart Money Trend signal show for SPXU?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SPXU 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 SPXU?

More buyers than sellers — 60% buying: Last quarter: 33 funds were net buyers (24 opened a brand new position + 9 added to an existing one). Only 22 were sellers (7 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SPXU holders?

Strong quality — 26% AUM from major funds: 10 of 41 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held SPXU?

Mostly new holders — 52% entered in last year: Only 4 funds (9%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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

As of today, SPXU has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.1% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), SPXU has gained nan% vs +12.4% 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.

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Proshares Tr (SPXU)

Smart Money Signals — SPXU

Buying streak — 1 quarter in a row

High ownership — 88% of 2.2Y peak

Stable — ownership unchanged year-over-year

More buyers than sellers — 60% buying

More new buyers each quarter (+13 vs last Q)

Mostly new holders — 52% entered in last year

Value +74% but shares only +56% — price-driven

Steady discovery — ~24 new funds/quarter

Mixed cohorts — 0% veterans, 43% new entrants

Strong quality — 26% AUM from major funds

Institutional Sentiment Summary — SPXU

Hedge Fund Ownership: SPXU

Market Analysis: SPXU

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SPXU

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

Hedge Fund Positioning: SPXU

Statistics: SPXU

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Proshares Tr (SPXU)

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