Proshares Tr (TBF) Hedge Fund Ownership (Q1 2026)

Q: Is it too late to buy Proshares Tr (TBF) following the 2026 Q2 hedge fund 13F filings?

As of today, TBF has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), TBF gained +5.3% vs +4.0% 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 (TBF)

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

Smart Money Signals — TBF

Based on 39 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds added TBF 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.

🔻

Below peak — only 64% of 3.0Y high

64% of all-time peak

Only 39 funds hold TBF today versus a peak of 61 funds at 2023 Q2 — just 64% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.

📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q

+4 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 66% buying

21 buying11 selling

Last quarter: 21 funds were net buyers (13 opened a brand new position + 8 added to an existing one). Only 11 were sellers (5 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~13 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 10 → 4 → 8 → 13. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 13% medium ■ 23% new

25 out of 39 hedge funds have held TBF 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.

💰

Value +116% but shares only +94% — price-driven

Value

+116%

+93%

Last quarter: the total dollar value of institutional holdings rose +116%, but actual share count only changed +94%. 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.

📈

Growing discovery — still being found

6 → 10 → 4 → 8 → 13 new funds/Q

New funds entering each quarter: 10 → 4 → 8 → 13. A growing number of institutions are discovering TBF each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 72% veterans vs 22% newcomers

■ 72% veterans ■ 5% 1-2yr ■ 22% new

Entry-cohort mix of 40 holders: 29 (72%) are 2+ year veterans, 2 entered 1–2 years ago, and 9 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

📋

Smaller funds dominant — 9% AUM from top-100

9% from top-100 AUM funds

6 of 37 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

1.9

out of 10

Low Exit Risk

Exit risk score 1.9/10 — 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	39	32	21.88%
13F Shares	1M	518K	93.66%
Total Value	$27M	$12M	116.43%
New Positions	13	8	+5
Increased Positions	8	4	+4
Closed Positions	6	5	+1
Reduced Positions	5	6	-1
Total Calls	1	2	-50.0%
Total Puts	1	0	100%
PUT/CALL Ratio	1.0	0.0	Neutral

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

21.88%

13F Shares

518K

93.66%

Total Value

$27M

$12M

116.43%

New Positions

Increased Positions

Closed Positions

Reduced Positions

-1

Total Calls

-50.0%

Total Puts

100%

PUT/CALL Ratio

1.0

0.0

Neutral

Institutional Holders (2026 Q2)

39 + investors

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

QUARTER:

2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.

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

Top 25 TBF holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Camelot Technology Advisors, INC.	0.34%	20,914	$507K
2	Hourglass Capital, LLC	0.24%	44,900	$1.1M
3	Shepherd Kaplan Krochuk, LLC	0.24%	12,361	$300K
4	Verity Asset Management, Inc.	0.21%	22,771	$552K
5	Farringdon Capital, Ltd.	0.20%	16,566	$401K
6	Sepio Capital, LP	0.16%	131,300	$3.2M
7	Horrell Capital Management, Inc.	0.11%	10,000	$242K
8	Walser Wealth Management Company, A Ltd Liability Co	0.11%	10,907	$264K
9	Pettinga Financial Advisors LLC	0.06%	15,500	$376K
10	Stratos Wealth Partners, LTD.	0.02%	93,100	$2.3M
11	Gts Securities LLC	0.02%	34,380	$833K
12	Two Sigma Securities, LLC	0.02%	8,328	$202K
13	Private Wealth Partners, LLC	0.02%	10,000	$242K
14	Advisory Services Network, LLC	0.01%	52,471	$1.3M
15	Geneos Wealth Management Inc.	0.01%	21,000	$509K
16	Independent Financial Group, LLC	0.01%	15,000	$363K
17	Captrust Financial Advisors	0.01%	160,127	$3.9M
18	Pittenger & Anderson Inc	0.00%	4,400	$107K
19	Foundations Investment Advisors, LLC	0.00%	11,262	$273K
20	Cullen/Frost Bankers, INC.	0.00%	6,000	$145K
21	Ancora Advisors LLC	0.00%	1,102	$27K
22	Royal Bank of Canada	0.00%	132,541	$3.2M
23	Vima LLC	0.00%	20	—
24	Mariner, LLC	0.00%	8,325	$202K
25	Susquehanna International Group, LLP	0.00%	63,278	$1.5M

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 (TBF)

What does the Smart Money Trend signal show for TBF?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added TBF 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 TBF?

More buyers than sellers — 66% buying: Last quarter: 21 funds were net buyers (13 opened a brand new position + 8 added to an existing one). Only 11 were sellers (5 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TBF holders?

Smaller funds dominant — 9% AUM from top-100: 6 of 37 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TBF?

64% of holders stayed for 2+ years: 25 out of 39 hedge funds have held TBF 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 (TBF) following the 2026 Q2 hedge fund 13F filings?

As of today, TBF has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), TBF has gained +5.3% vs +4.0% 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 (TBF)

Smart Money Signals — TBF

Buying streak — 2 quarters in a row

Below peak — only 64% of 3.0Y high

Steady growth — +11% more funds vs a year ago

More buyers than sellers — 66% buying

Steady new buyers — ~13 new funds per quarter

64% of holders stayed for 2+ years

Value +116% but shares only +94% — price-driven

Growing discovery — still being found

Veteran-anchored — 72% veterans vs 22% newcomers

Smaller funds dominant — 9% AUM from top-100

Institutional Sentiment Summary — TBF

Hedge Fund Ownership: TBF

Market Analysis: TBF

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: TBF

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

Hedge Fund Positioning: TBF

Statistics: TBF

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Proshares Tr (TBF)

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