PROSHARES TR

Ticker: TBF CUSIP: 74347X849 Class: SHRT 20+YR TRE

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (8)

Worth Asset Management, LLC
Value ($000) $230 Shares 9,529
LPL Financial LLC
Value ($000) $1,112 Shares 46,120
JANE STREET GROUP, LLC
Value ($000) $1,220 Shares 50,573
Focus Partners Wealth
Value ($000) $405 Shares 16,793
Mariner, LLC
Value ($000) $201 Shares 8,325
Kestra Advisory Services, LLC
Value ($000) $72 Shares 2,995
SIMPLEX TRADING, LLC
Value ($000) $68 Shares 2,810
BARCLAYS PLC
Value ($000) $5 Shares 200

Increased Positions (2)

SHEPHERD KAPLAN KROCHUK, LLC
Value ($000) $559 (+37.3%) Shares 23,181 (+35.1%)
Advisory Services Network, LLC
Value ($000) $582 (+22.5%) Shares 24,150 (+20.4%)

Decreased Positions (6)

Virtue Capital Management, LLC
Value ($000) $387 (+59.7%) Shares 11,290 (-67.8%)
Pettinga Financial Advisors, LLC
Value ($000) $287 (-36.0%) Shares 11,900 (-37.0%)
Sepio Capital, LP
Value ($000) $2,998 (-3.7%) Shares 124,300 (-5.3%)
MORGAN STANLEY
Value ($000) $0 (-100.0%) Shares 2 (-100.0%)
Farringdon Capital, Ltd.
Value ($000) $401 (+0.3%) Shares 16,621 (-1.3%)
Tower Research Capital LLC (TRC)
Value ($000) $0 (-72.4%) Shares 3 (-72.7%)

Exited Positions (6)

ROYAL BANK OF CANADA
Value ($000) $210 Shares 8,840
CITADEL ADVISORS LLC
Value ($000) $202 Shares 8,495
Federation des caisses Desjardins du Quebec
Value ($000) $47 Shares 2,000
JPMORGAN CHASE & CO
Value ($000) $1 Shares 58
UBS Group AG
Value ($000) $0 Shares 15
BNP PARIBAS ARBITRAGE, SA
Value ($000) $0 Shares 5