Clients
Proshare Advisors serves 145 clients. The average client has about $588 million with the firm.
- Investment companies145 clients100%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 145 | $85,300,000,000 | 100.0% | $588.3M |
| Total | 145 | $85,300,000,000 | 100% | $588.3M |
- Clients
- 145
- Regulatory AUM
- $85,300,000,000
- Share
- 100.0%
- Avg. per client
- $588.3M
Total
- Clients
- 145
- Regulatory AUM
- $85,300,000,000
- Share
- 100%
- Avg. per client
- $588.3M
What it does
Proshare Advisors provides portfolio management for investment companies and other activities. It is paid through a percentage of assets.
Proshare Advisors advises no private funds.
100.0% of assets ($85.30B across 145 accounts) are managed with discretion. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
Custodians
Proshare Advisors does not have custody of client assets.
- All other custodians$85.30B100%
Ownership and leadership
Michael Sapir owns 25% to 50% of Proshare Advisors, and Michael Sapir is its CEO.
- Owns 25% to 50% of Proshare Advisors LLC
Michael Sapir
Control person · since January 2005
- Owns 25% to 50% of Proshare Advisors LLC
Louis Mayberg
Control person · since January 2005
- Owns 10% to 25% of Proshare Advisors LLC
Dorot
since June 2006
Edith Gelfand
Trustee · Control person · since September 2013
- Owns 10% to 25% of Proshare Advisors LLC
Radcliff PS I LLC
since May 2024
- Owns 10% to 25% of Proshare Advisors LLC
Skipton Creek LLC
since July 2025
Leadership
- Michael SapirChief Executive Officer
- Victor FryeChief Compliance Officer
- Alexis DepetrisManaging Director, Operations & Technology
- Todd JohnsonChief Investment Officer
- Louis MaybergPrincipal
- Richard MorrisGeneral Counsel
Staff
- 98 employees
- 35 in advisory functions
- 14 broker-dealer reps
Reported holdings
Proshare Advisors’ reported 13F holdings total $69.15B across 1,913 positions, and the ten largest make up 46.6% of it.
- $69.15B
- Reported 13F value
- 1,913
- Positions
- 46.6%
- In the 10 largest
- +2.4%
- Value vs. prior quarter
- Proshares TR · Genius Money Mrk27.2%
- Nvidia Corporation4.1%
- Apple Inc.3.2%
- Micron Technology Inc.2.2%
- Microsoft Corp.2.1%
- Amazon Com Inc.1.8%
- Advanced Micro Devices Inc.1.6%
- Alphabet Inc. · Cap Stk CL A1.5%
- Broadcom Inc.1.5%
- Alphabet Inc. · Cap Stk CL C1.3%
Together, the ten largest are 46.6% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $69.15B is not its $85.30B in regulatory assets and does not represent any individual client's portfolio.
Fees
Proshare Advisors is paid through a percentage of assets under management.
Proshare Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Proshare Advisors has 0 offices, with 1 listed address in 1 state.
Maryland · 1 listed address
- 7272 Wisconsin Avenue, 21st Floor, BethesdaHQ
Registration details
- Legal name
- Proshare Advisors LLC
- Headquarters
- 7272 Wisconsin Avenue, 21st Floor, Bethesda, MD 20814
- Phone
- 240-497-6400
- Website
- Not reported
- SEC file
- 801-64181
- Structure
- Maryland LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Proshare Advisors have?
Proshare Advisors has 145 clients and manages $85.3 billion for them, as of March 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Proshare Advisors offer?
Proshare Advisors provides portfolio management for investment companies and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Proshare Advisors have?
Proshare Advisors has 0 investment adviser representatives registered with state securities authorities, out of 98 employees, and 35 perform investment advisory functions. 14 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Proshare Advisors?
Proshare Advisors’ direct owners are Michael Sapir, Louis Mayberg, Dorot, Radcliff PS I LLC and Skipton Creek LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Proshare Advisors get paid?
Proshare Advisors is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file