PROSHARES TR

Ticker: UST CUSIP: 74347R180 Class: ULTR 7-10 TREA

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (2)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $621 Shares 14,229

CITADEL ADVISORS LLC

Value ($000) $348 Shares 7,981

Institution	Shares	Value ($000)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	14,229	$621
CITADEL ADVISORS LLC	7,981	$348

Increased Positions (2)

ROYAL BANK OF CANADA

Value ($000) $474 (+848.0%) Shares 10,867 (+856.6%)

ZRC WEALTH MANAGEMENT, LLC

Value ($000) $125 (+1.7%) Shares 2,852 (+2.3%)

Institution	Prev Shares	Curr Shares	Change
ROYAL BANK OF CANADA	1,136	10,867	+9,731 (+856.6%)
ZRC WEALTH MANAGEMENT, LLC	2,787	2,852	+65 (+2.3%)

Decreased Positions (2)

Valeo Financial Advisors, LLC

Value ($000) $723 (-25.9%) Shares 16,557 (-25.4%)

Value ($000) $0 (-42.9%) Shares 84 (-47.8%)

Institution	Prev Shares	Curr Shares	Change
Valeo Financial Advisors, LLC	22,185	16,557	-5,628 (-25.4%)
CWM, LLC	161	84	-77 (-47.8%)

Exited Positions (4)

Royal Fund Management, LLC

Value ($000) $1,035 Shares 23,547

FLOW TRADERS U.S. LLC

Value ($000) $0 Shares 9,192

MAI Capital Management

Value ($000) $9 Shares 214

Value ($000) $0 Shares 2

Institution	Prev Shares	Prev Value ($000)
Royal Fund Management, LLC	23,547	$1,035
FLOW TRADERS U.S. LLC	9,192	$0
MAI Capital Management	214	$9
UBS Group AG	2	$0