NPORT-EX 2 Geared_Book_02.29.24.htm
FEBRUARY
29,
2024
(UNAUDITED)
::
SHORT
7-10
YEAR
TREASURY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
1
TBX
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
90
.0
%
Repurchase
Agreements
(a)
—
90
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$13,944,513
(Cost
$13,942,461)
$
13,942,461
$
13,942,461
Total
Investments
—
90.0%
(Cost
$13,942,461)
13,942,461
Other
assets
less
liabilities
—
10.0%
1,547,630
Net
Assets
—
100.0%
$
15,490,091
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Sold
Short
7-10
Year
Treasury
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
U.S.
Treasury
10
Year
Note
3
6/18/2024
U.S.
Dollar
$
331,500
$
(
709
)
Swap
Agreements
Short
7-10
Year
Treasury
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(5,615,843)
11/6/2024
Bank
of
America
NA
(4.84)%
ICE
U.S.
Treasury
7-10
Year
Bond
Index
257,471
(3,444,212)
11/6/2024
Citibank
NA
(4.86)%
ICE
U.S.
Treasury
7-10
Year
Bond
Index
(
427,614
)
(6,163,364)
12/10/2024
Goldman
Sachs
International
(5.11)%
ICE
U.S.
Treasury
7-10
Year
Bond
Index
80,487
(15,223,419)
(
89,656
)
Total
Unrealized
Appreciation
337,958
Total
Unrealized
Depreciation
(
427,614
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
SHORT
20+
YEAR
TREASURY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
2
TBF
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
93
.7
%
Repurchase
Agreements
(a)
—
24
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$23,120,384
(Cost
$23,116,984)
$
23,116,984
$
23,116,984
U.S.
Treasury
Obligations
(b)
—
69
.0
%
U.S.
Treasury
Bills
5.46%,
3/28/2024
(c)
40,000,000
39,841,750
5.30%,
5/21/2024
(c)
25,000,000
24,706,066
Total
U.S.
Treasury
Obligations
(Cost
$64,546,895)
64,547,816
Total
Short-Term
Investments
(Cost
$87,663,879)
87,664,800
Total
Investments
—
93.7%
(Cost
$87,663,879)
87,664,800
Other
assets
less
liabilities
—
6.3%
5,919,650
Net
Assets
—
100.0%
$
93,584,450
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$6,698,963.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
Short
20+
Year
Treasury
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
U.S.
Treasury
Long
Bond
20
6/18/2024
U.S.
Dollar
$
2,385,625
$
(
6,288
)
Swap
Agreements
Short
20+
Year
Treasury
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(19,658,042)
11/6/2024
Bank
of
America
NA
(5.03)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
1,522,043
(8,836,416)
11/6/2024
Barclays
Capital
(5.11)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
(
676,847
)
(10,965,513)
11/6/2024
Citibank
NA
(4.88)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
(
4,785,234
)
(13,419,568)
12/10/2024
Goldman
Sachs
International
(4.91)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
(
1,122
)
(25,789,525)
11/6/2024
Morgan
Stanley
&
Co.
International
plc
(5.16)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
405,638
(13,458,077)
11/6/2024
Societe
Generale
(5.01)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
5,828,142
(92,127,141)
2,292,620
Total
Unrealized
Appreciation
7,755,823
Total
Unrealized
Depreciation
(
5,463,203
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
SHORT
DOW30
~
SM
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
3
DOG
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
111
.7
%
Repurchase
Agreements
(a)
—
54
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$93,128,209
(Cost
$93,114,510)
$
93,114,510
$
93,114,510
U.S.
Treasury
Obligations
(b)
—
57
.6
%
U.S.
Treasury
Bills
5.29%,
4/4/2024
(c)
25,000,000
24,875,294
5.32%,
5/9/2024
(c)
50,000,000
49,497,115
5.17%,
7/5/2024
(c)
25,000,000
24,549,375
Total
U.S.
Treasury
Obligations
(Cost
$98,936,077)
98,921,784
Total
Short-Term
Investments
(Cost
$192,050,587)
192,036,294
Total
Investments
—
111.7%
(Cost
$192,050,587)
192,036,294
Liabilities
in
excess
of
other
assets
—
(11.7%)
(
20,051,307
)
Net
Assets
—
100.0%
$
171,984,987
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$34,062,761.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
Short
Dow30
SM
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
DJIA
CBOT
E-Mini
Index
19
3/15/2024
U.S.
Dollar
$
3,709,085
$
(
69,291
)
Swap
Agreements
Short
Dow30
SM
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(19,888,159)
3/6/2025
Bank
of
America
NA
(5.78)%
Dow
Jones
Industrial
Average
SM
(
2,520,164
)
(10,646,015)
11/6/2025
Barclays
Capital
(5.53)%
Dow
Jones
Industrial
Average
SM
(
2,472,172
)
(31,041,126)
2/11/2025
BNP
Paribas
SA
(5.63)%
Dow
Jones
Industrial
Average
SM
(
3,781,556
)
(19,576,188)
3/6/2025
Citibank
NA
(5.63)%
Dow
Jones
Industrial
Average
SM
(
4,316,978
)
(17,080,419)
11/7/2024
Goldman
Sachs
International
(5.68)%
Dow
Jones
Industrial
Average
SM
(
2,784,442
)
(38,606,426)
11/14/2024
Societe
Generale
(5.63)%
Dow
Jones
Industrial
Average
SM
(
4,778,098
)
(31,388,272)
11/7/2024
UBS
AG
(5.18)%
Dow
Jones
Industrial
Average
SM
(
4,195,536
)
(168,226,605)
(
24,848,946
)
Total
Unrealized
Depreciation
(
24,848,946
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
SHORT
FINANCIALS
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
4
SEF
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
147
.8
%
Repurchase
Agreements
(a)
—
54
.3
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$8,576,099
(Cost
$8,574,836)
$
8,574,836
$
8,574,836
U.S.
Treasury
Obligations
(b)
—
93
.5
%
U.S.
Treasury
Bills
5.30%,
5/9/2024
(c)
8,000,000
7,919,538
5.08%,
8/8/2024
(c)
7,000,000
6,840,509
Total
U.S.
Treasury
Obligations
(Cost
$14,765,837)
14,760,047
Total
Short-Term
Investments
(Cost
$23,340,673)
23,334,883
Total
Investments
—
147.8%
(Cost
$23,340,673)
23,334,883
Liabilities
in
excess
of
other
assets
—
(47.8%)
(
7,543,054
)
Net
Assets
—
100.0%
$
15,791,829
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$6,803,520.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Swap
Agreements
Short
Financials
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(2,617,948)
3/6/2025
Bank
of
America
NA
(5.43)%
S&P
Financial
Select
Sector
Index
c
(
1,045,328
)
(6,163,675)
3/6/2025
BNP
Paribas
SA
(5.63)%
S&P
Financial
Select
Sector
Index
c
(
2,031,661
)
(213,568)
4/7/2025
Citibank
NA
(5.28)%
S&P
Financial
Select
Sector
Index
c
(
37,683
)
(1,394,649)
3/6/2025
Goldman
Sachs
International
(5.43)%
S&P
Financial
Select
Sector
Index
c
(
140,895
)
(3,166,768)
3/6/2025
Societe
Generale
(5.63)%
S&P
Financial
Select
Sector
Index
c
(
1,875,932
)
(2,220,115)
3/6/2025
UBS
AG
(5.43)%
S&P
Financial
Select
Sector
Index
c
(
1,840,270
)
(15,776,723)
(
6,971,769
)
Total
Unrealized
Depreciation
(
6,971,769
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Financials
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
SHORT
FTSE
CHINA
50
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
5
YXI
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
65
.7
%
Repurchase
Agreements
(a)
—
65
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$4,463,729
(Cost
$4,463,072)
$
4,463,072
$
4,463,072
Total
Investments
—
65.7%
(Cost
$4,463,072)
4,463,072
Other
assets
less
liabilities
—
34.3%
2,329,931
Net
Assets
—
100.0%
$
6,793,003
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
Short
FTSE
China
50
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(1,962,243)
11/14/2024
Bank
of
America
NA
(3.83)%
iShares
®
China
Large-Cap
ETF
378,194
(632,077)
11/14/2024
Citibank
NA
(2.58)%
iShares
®
China
Large-Cap
ETF
264,233
(2,342,743)
3/6/2025
Goldman
Sachs
International
(4.83)%
iShares
®
China
Large-Cap
ETF
26,901
(1,451,826)
11/14/2024
Societe
Generale
(3.88)%
iShares
®
China
Large-Cap
ETF
(
28,866
)
(398,541)
11/14/2024
UBS
AG
(3.58)%
iShares
®
China
Large-Cap
ETF
480,966
(6,787,430)
1,121,428
Total
Unrealized
Appreciation
1,150,294
Total
Unrealized
Depreciation
(
28,866
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
SHORT
HIGH
YIELD
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
6
SJB
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
110
.4
%
Repurchase
Agreements
(a)
—
15
.8
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$18,069,262
(Cost
$18,066,606)
$
18,066,606
$
18,066,606
U.S.
Treasury
Obligations
(b)
—
94
.6
%
U.S.
Treasury
Bills
5.44%,
3/21/2024
(c)
75,000,000
74,779,791
5.30%,
5/9/2024
(c)
20,000,000
19,798,846
5.08%,
8/8/2024
(c)
14,000,000
13,681,018
Total
U.S.
Treasury
Obligations
(Cost
$108,271,177)
108,259,655
Total
Short-Term
Investments
(Cost
$126,337,783)
126,326,261
Total
Investments
—
110.4%
(Cost
$126,337,783)
126,326,261
Liabilities
in
excess
of
other
assets
—
(10.4%)
(
11,876,693
)
Net
Assets
—
100.0%
$
114,449,568
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$23,820,635.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Swap
Agreements
a
Short
High
Yield
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(8,871,497)
3/7/2024
BNP
Paribas
SA
(3.33)%
iShares
®
iBoxx
$
High
Yield
Corporate
Bond
ETF
(
2,470,251
)
(91,951,308)
3/6/2025
Citibank
NA
(2.58)%
iShares
®
iBoxx
$
High
Yield
Corporate
Bond
ETF
(
10,703,851
)
(8,233,879)
11/7/2024
Goldman
Sachs
International
(1.08)%
iShares
®
iBoxx
$
High
Yield
Corporate
Bond
ETF
(
498,353
)
(5,655,838)
3/6/2024
UBS
AG
(2.33)%
iShares
®
iBoxx
$
High
Yield
Corporate
Bond
ETF
(
780,433
)
(114,712,522)
(
14,452,888
)
Total
Unrealized
Depreciation
(
14,452,888
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
SHORT
MIDCAP400
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
7
MYY
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
92
.7
%
Repurchase
Agreements
(a)
—
92
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$5,671,537
(Cost
$5,670,702)
$
5,670,702
$
5,670,702
Total
Investments
—
92.7%
(Cost
$5,670,702)
5,670,702
Other
assets
less
liabilities
—
7.3%
445,846
Net
Assets
—
100.0%
$
6,116,548
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Sold
Short
MidCap400
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
S&P
Midcap
400
E-Mini
Index
2
3/15/2024
U.S.
Dollar
$
578,520
$
(
48,654
)
Swap
Agreements
Short
MidCap400
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(974,156)
2/11/2025
Bank
of
America
NA
(5.68)%
S&P
MidCap
400
®
(
748,221
)
(659,073)
2/11/2025
BNP
Paribas
SA
(5.53)%
S&P
MidCap
400
®
(
317,891
)
(1,422,209)
3/6/2025
Citibank
NA
(5.53)%
S&P
MidCap
400
®
(
279,938
)
(1,138,924)
3/6/2024
Morgan
Stanley
&
Co.
International
plc
(5.13)%
S&P
MidCap
400
®
(
164,154
)
(1,341,271)
11/14/2024
Societe
Generale
(5.31)%
S&P
MidCap
400
®
58,276
(5,535,633)
(
1,451,928
)
Total
Unrealized
Appreciation
58,276
Total
Unrealized
Depreciation
(
1,510,204
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
SHORT
MSCI
EAFE
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
8
EFZ
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
92
.8
%
Repurchase
Agreements
(a)
—
92
.8
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$23,944,944
(Cost
$23,941,423)
$
23,941,423
$
23,941,423
Total
Investments
—
92.8%
(Cost
$23,941,423)
23,941,423
Other
assets
less
liabilities
—
7.2%
1,867,995
Net
Assets
—
100.0%
$
25,809,418
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
Short
MSCI
EAFE
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(2,357,626)
11/14/2024
Citibank
NA
(4.93)%
iShares
®
MSCI
EAFE
ETF
(
479,772
)
(13,733,478)
3/6/2025
Goldman
Sachs
International
(5.38)%
iShares
®
MSCI
EAFE
ETF
(
1,818,905
)
(4,895,434)
11/14/2024
Societe
Generale
(4.73)%
iShares
®
MSCI
EAFE
ETF
(
1,897,789
)
(4,886,272)
3/6/2025
UBS
AG
(4.93)%
iShares
®
MSCI
EAFE
ETF
(
2,089,079
)
(25,872,810)
(
6,285,545
)
Total
Unrealized
Depreciation
(
6,285,545
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
SHORT
MSCI
EMERGING
MARKETS
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
9
EUM
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
91
.8
%
Repurchase
Agreements
(a)
—
91
.8
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$17,847,268
(Cost
$17,844,642)
$
17,844,642
$
17,844,642
Total
Investments
—
91.8%
(Cost
$17,844,642)
17,844,642
Other
assets
less
liabilities
—
8.2%
1,583,721
Net
Assets
—
100.0%
$
19,428,363
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
Short
MSCI
Emerging
Markets
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(6,800,200)
3/6/2025
Bank
of
America
NA
(4.53)%
iShares
®
MSCI
Emerging
Markets
ETF
90,964
(2,780,244)
11/14/2024
Citibank
NA
(4.78)%
iShares
®
MSCI
Emerging
Markets
ETF
(
52,543
)
(2,699,054)
4/10/2024
Goldman
Sachs
International
(4.83)%
iShares
®
MSCI
Emerging
Markets
ETF
(
3,941
)
(486,100)
11/14/2024
Morgan
Stanley
&
Co.
International
plc
(4.78)%
iShares
®
MSCI
Emerging
Markets
ETF
460
(1,262,612)
11/14/2024
Societe
Generale
(3.83)%
iShares
®
MSCI
Emerging
Markets
ETF
(
599,714
)
(5,406,434)
4/10/2024
UBS
AG
(4.23)%
iShares
®
MSCI
Emerging
Markets
ETF
(
1,883,676
)
(19,434,644)
(
2,448,450
)
Total
Unrealized
Appreciation
91,424
Total
Unrealized
Depreciation
(
2,539,874
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
SHORT
QQQ
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
10
PSQ
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
136
.5
%
Repurchase
Agreements
(a)
—
27
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$163,198,658
(Cost
$163,174,653)
$
163,174,653
$
163,174,653
U.S.
Treasury
Obligations
(b)
—
109
.3
%
U.S.
Treasury
Bills
5.29%,
3/5/2024
(c)
25,000,000
24,985,373
5.29%,
3/12/2024
(c)
125,000,000
124,798,563
5.42%,
3/14/2024
(c)
50,000,000
49,904,874
5.44%,
3/21/2024
(c)
75,000,000
74,779,792
5.46%,
3/28/2024
(c)
75,000,000
74,703,281
5.31%,
4/2/2024
(c)
50,000,000
49,764,667
5.29%,
4/4/2024
(c)
30,000,000
29,850,353
5.28%,
4/11/2024
(c)
25,000,000
24,849,809
5.31%,
5/2/2024
(c)
25,000,000
24,773,291
5.30%,
5/21/2024
(c)
50,000,000
49,412,131
5.17%,
7/5/2024
(c)
30,000,000
29,459,250
4.91%,
7/11/2024
(c)
100,000,000
98,114,600
Total
U.S.
Treasury
Obligations
(Cost
$655,547,786)
655,395,984
Total
Short-Term
Investments
(Cost
$818,722,439)
818,570,637
Total
Investments
—
136.5%
(Cost
$818,722,439)
818,570,637
Liabilities
in
excess
of
other
assets
—
(36.5%)
(
218,954,504
)
Net
Assets
—
100.0%
$
599,616,133
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$242,224,506.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
Short
QQQ
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
Nasdaq
100
E-Mini
Index
100
3/15/2024
U.S.
Dollar
$
36,165,500
$
(
1,631,887
)
FEBRUARY
29,
2024
(UNAUDITED)
::
SHORT
QQQ
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
11
PSQ
::
Swap
Agreements
Short
QQQ
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(45,037,450)
3/6/2025
Bank
of
America
NA
(5.68)%
Nasdaq-100
Index
®
(
22,599,022
)
(37,007,936)
11/6/2025
Barclays
Capital
(5.53)%
Nasdaq-100
Index
®
(
9,740,256
)
(77,137,459)
11/6/2025
BNP
Paribas
SA
(5.73)%
Nasdaq-100
Index
®
(
20,750,779
)
(70,280,796)
11/6/2025
Citibank
NA
(5.68)%
Nasdaq-100
Index
®
(
14,711,538
)
(54,546,558)
11/7/2024
Goldman
Sachs
International
(5.68)%
Nasdaq-100
Index
®
(
29,338,952
)
(52,543,691)
4/7/2025
J.P.
Morgan
Securities
(5.63)%
Nasdaq-100
Index
®
(
4,684,113
)
(49,512,324)
4/10/2025
Morgan
Stanley
&
Co.
International
plc
(5.13)%
Nasdaq-100
Index
®
(
7,479,088
)
(97,725,492)
11/14/2024
Societe
Generale
(5.98)%
Nasdaq-100
Index
®
(
66,404,077
)
(79,640,646)
11/7/2024
UBS
AG
(5.48)%
Nasdaq-100
Index
®
(
47,256,520
)
(563,432,352)
(
222,964,345
)
Total
Unrealized
Depreciation
(
222,964,345
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
SHORT
REAL
ESTATE
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
12
REK
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
118
.1
%
Repurchase
Agreements
(a)
—
65
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$16,888,720
(Cost
$16,886,236)
$
16,886,236
$
16,886,236
U.S.
Treasury
Obligations
(b)
—
53
.1
%
U.S.
Treasury
Bills
5.30%,
5/9/2024
(c)
7,000,000
6,929,596
5.08%,
8/8/2024
(c)
7,000,000
6,840,509
Total
U.S.
Treasury
Obligations
(Cost
$13,775,858)
13,770,105
Total
Short-Term
Investments
(Cost
$30,662,094)
30,656,341
Total
Investments
—
118.1%
(Cost
$30,662,094)
30,656,341
Liabilities
in
excess
of
other
assets
—
(18.1%)
(
4,689,212
)
Net
Assets
—
100.0%
$
25,967,129
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$6,823,065.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Swap
Agreements
Short
Real
Estate
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(4,463,353)
3/6/2025
Bank
of
America
NA
(5.68)%
S&P
Real
Estate
Select
Sector
index
c
(
416,015
)
(6,932,475)
3/6/2025
BNP
Paribas
SA
(5.63)%
S&P
Real
Estate
Select
Sector
index
c
(
2,215,907
)
(2,024,956)
4/7/2025
Citibank
NA
(5.23)%
S&P
Real
Estate
Select
Sector
index
c
(
131,063
)
(2,010,938)
3/6/2025
Goldman
Sachs
International
(5.43)%
S&P
Real
Estate
Select
Sector
index
c
(
567,313
)
(6,851,439)
3/6/2025
Societe
Generale
(5.58)%
S&P
Real
Estate
Select
Sector
index
c
(
1,087,077
)
(3,589,041)
3/6/2025
UBS
AG
(4.98)%
S&P
Real
Estate
Select
Sector
index
c
(
228,068
)
(25,872,202)
(
4,645,443
)
Total
Unrealized
Depreciation
(
4,645,443
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Real
Estate
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
SHORT
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
13
RWM
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
115
.7
%
Repurchase
Agreements
(a)
—
21
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$45,728,839
(Cost
$45,722,112)
$
45,722,112
$
45,722,112
U.S.
Treasury
Obligations
(b)
—
94
.1
%
U.S.
Treasury
Bills
5.32%,
3/12/2024
(c)
25,000,000
24,959,713
5.44%,
3/21/2024
(c)
100,000,000
99,706,389
5.28%,
4/11/2024
(c)
25,000,000
24,849,809
5.32%,
5/9/2024
(c)
50,000,000
49,497,114
Total
U.S.
Treasury
Obligations
(Cost
$199,017,747)
199,013,025
Total
Short-Term
Investments
(Cost
$244,739,859)
244,735,137
Total
Investments
—
115.7%
(Cost
$244,739,859)
244,735,137
Liabilities
in
excess
of
other
assets
—
(15.7%)
(
33,202,970
)
Net
Assets
—
100.0%
$
211,532,167
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$51,233,441.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
Short
Russell2000
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
Russell
2000
E-Mini
Index
135
3/15/2024
U.S.
Dollar
$
13,886,775
$
(
236,481
)
Swap
Agreements
Short
Russell2000
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(21,697,055)
3/6/2024
Bank
of
America
NA
(5.08)%
Russell
2000
®
Index
(
7,306,593
)
(29,427,364)
11/6/2025
Barclays
Capital
(5.43)%
Russell
2000
®
Index
(
7,785,236
)
(34,922,006)
2/11/2025
BNP
Paribas
SA
(5.23)%
Russell
2000
®
Index
(
8,648,374
)
(26,034,823)
3/6/2025
Citibank
NA
(5.14)%
Russell
2000
®
Index
(
5,783,151
)
(20,239,007)
11/7/2024
Goldman
Sachs
International
(5.33)%
Russell
2000
®
Index
(
1,798,086
)
(14,817,451)
3/6/2024
Morgan
Stanley
&
Co.
International
plc
(5.03)%
Russell
2000
®
Index
(
2,951,462
)
(23,879,296)
11/14/2024
Societe
Generale
(5.18)%
Russell
2000
®
Index
(
2,353,693
)
(26,625,920)
11/7/2024
UBS
AG
(4.83)%
Russell
2000
®
Index
(
2,634,832
)
(197,642,922)
(
39,261,427
)
Total
Unrealized
Depreciation
(
39,261,427
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
SHORT
S&P500
®
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
14
SH
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
127
.7
%
Repurchase
Agreements
(a)
—
14
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$151,423,056
(Cost
$151,400,781)
$
151,400,781
$
151,400,781
U.S.
Treasury
Obligations
(b)
—
113
.1
%
U.S.
Treasury
Bills
5.35%,
3/5/2024
(c)
75,000,000
74,956,120
5.32%,
3/12/2024
(c)
75,000,000
74,879,138
5.42%,
3/14/2024
(c)
150,000,000
149,714,623
5.44%,
3/21/2024
(c)
1,000,000
997,064
5.46%,
3/28/2024
(c)
100,000,000
99,604,375
5.31%,
4/2/2024
(c)
75,000,000
74,647,000
5.29%,
4/4/2024
(c)
30,000,000
29,850,353
5.29%,
4/11/2024
(c)
75,000,000
74,549,427
5.37%,
4/18/2024
(c)
100,000,000
99,298,000
5.32%,
4/25/2024
(c)
50,000,000
49,596,628
5.31%,
5/2/2024
(c)
50,000,000
49,546,582
5.32%,
5/9/2024
(c)
100,000,000
98,994,229
5.30%,
5/21/2024
(c)
125,000,000
123,530,328
5.30%,
5/23/2024
(c)
50,000,000
49,396,463
5.17%,
7/5/2024
(c)
30,000,000
29,459,250
5.13%,
7/25/2024
(c)
50,000,000
48,959,750
5.25%,
8/8/2024
(c)
50,000,000
48,860,778
Total
U.S.
Treasury
Obligations
(Cost
$1,176,915,020)
1,176,840,108
Total
Short-Term
Investments
(Cost
$1,328,315,801)
1,328,240,889
Total
Investments
—
127.7%
(Cost
$1,328,315,801)
1,328,240,889
Liabilities
in
excess
of
other
assets
—
(27.7%)
(
288,059,002
)
Net
Assets
—
100.0%
$
1,040,181,887
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$328,228,003.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
Short
S&P500
®
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
S&P
500
E-Mini
Index
412
3/15/2024
U.S.
Dollar
$
105,137,250
$
(
6,153,059
)
FEBRUARY
29,
2024
(UNAUDITED)
::
SHORT
S&P500
®
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
15
SH
::
Swap
Agreements
Short
S&P500
®
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(100,676,814)
3/6/2025
Bank
of
America
NA
(5.63)%
S&P
500
®
(
14,886,696
)
(98,709,654)
2/11/2025
BNP
Paribas
SA
(5.63)%
S&P
500
®
(
42,681,286
)
(120,215,913)
3/6/2025
Citibank
NA
(5.58)%
S&P
500
®
(
40,160,881
)
(85,179,057)
11/7/2024
Goldman
Sachs
International
(5.68)%
S&P
500
®
(
61,335,936
)
(139,133,267)
4/7/2025
J.P.
Morgan
Securities
(5.53)%
S&P
500
®
(
19,284,931
)
(167,249,389)
4/10/2025
Morgan
Stanley
&
Co.
International
plc
(5.13)%
S&P
500
®
(
12,003,595
)
(96,309,310)
11/14/2024
Societe
Generale
(5.68)%
S&P
500
®
(
48,021,318
)
(127,553,054)
11/7/2024
UBS
AG
(5.48)%
S&P
500
®
(
45,221,199
)
(935,026,458)
(
283,595,842
)
Total
Unrealized
Depreciation
(
283,595,842
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
SHORT
SMALLCAP600
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
16
SBB
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
99
.0
%
Repurchase
Agreements
(a)
—
99
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$7,271,453
(Cost
$7,270,385)
$
7,270,385
$
7,270,385
Total
Investments
—
99.0%
(Cost
$7,270,385)
7,270,385
Other
assets
less
liabilities
—
1.0%
74,113
Net
Assets
—
100.0%
$
7,344,498
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
Short
SmallCap600
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(1,051,887)
3/6/2024
Bank
of
America
NA
(5.53)%
S&P
SmallCap
600
®
(
663,142
)
(2,018,943)
3/6/2025
Citibank
NA
(5.48)%
S&P
SmallCap
600
®
(
618,245
)
(1,477,339)
3/6/2024
Morgan
Stanley
&
Co.
International
plc
(4.98)%
S&P
SmallCap
600
®
(
148,487
)
(2,276,042)
11/14/2024
Societe
Generale
(5.18)%
S&P
SmallCap
600
®
(
949,881
)
(519,418)
3/6/2024
UBS
AG
(5.18)%
S&P
SmallCap
600
®
(
203,260
)
(7,343,629)
(
2,583,015
)
Total
Unrealized
Depreciation
(
2,583,015
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
7-10
YEAR
TREASURY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
17
UST
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
97
.4
%
Repurchase
Agreements
(a)
—
97
.4
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$19,130,475
(Cost
$19,127,663)
$
19,127,663
$
19,127,663
Total
Investments
—
97.4%
(Cost
$19,127,663)
19,127,663
Other
assets
less
liabilities
—
2.6%
510,740
Net
Assets
—
100.0%
$
19,638,403
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Purchased
Ultra
7-10
Year
Treasury
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
U.S.
Treasury
10
Year
Note
5
6/18/2024
U.S.
Dollar
$
552,500
$
1,085
Swap
Agreements
Ultra
7-10
Year
Treasury
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
14,695,080
11/6/2024
Bank
of
America
NA
4.84%
ICE
U.S.
Treasury
7-10
Year
Bond
Index
(
429,209
)
13,585,651
11/6/2024
Citibank
NA
5.18%
ICE
U.S.
Treasury
7-10
Year
Bond
Index
377,533
10,512,049
11/6/2024
Goldman
Sachs
International
5.11%
ICE
U.S.
Treasury
7-10
Year
Bond
Index
(
307,774
)
38,792,780
(
359,450
)
Total
Unrealized
Appreciation
377,533
Total
Unrealized
Depreciation
(
736,983
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
20+
YEAR
TREASURY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
18
UBT
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
91
.7
%
Repurchase
Agreements
(a)
—
91
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$75,368,853
(Cost
$75,357,766)
$
75,357,766
$
75,357,766
Total
Investments
—
91.7%
(Cost
$75,357,766)
75,357,766
Other
assets
less
liabilities
—
8.3%
6,782,793
Net
Assets
—
100.0%
$
82,140,559
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Purchased
Ultra
20+
Year
Treasury
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
U.S.
Treasury
Long
Bond
22
6/18/2024
U.S.
Dollar
$
2,624,188
$
6,146
Swap
Agreements
Ultra
20+
Year
Treasury
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
41,717,306
11/6/2024
Bank
of
America
NA
5.03%
ICE
U.S.
Treasury
20+
Year
Bond
Index
(
2,473,149
)
35,588,669
11/6/2024
Citibank
NA
5.25%
ICE
U.S.
Treasury
20+
Year
Bond
Index
3,075,552
56,554,407
11/6/2024
Goldman
Sachs
International
4.91%
ICE
U.S.
Treasury
20+
Year
Bond
Index
(
3,446,497
)
28,574,511
11/6/2024
Societe
Generale
5.47%
ICE
U.S.
Treasury
20+
Year
Bond
Index
(
3,104,373
)
162,434,893
(
5,948,467
)
Total
Unrealized
Appreciation
3,075,552
Total
Unrealized
Depreciation
(
9,024,019
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
COMMUNICATION
SERVICES
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
19
LTL
::
Investments
Shares
Value
Common
Stocks
—
85
.4
%
Diversified
Telecommunication
Services
—
7.0%
AT&T,
Inc.
12,004
$
203,228
Verizon
Communications,
Inc.
5,310
212,506
415,734
Entertainment
—
18.0%
Electronic
Arts,
Inc.
1,481
206,570
Live
Nation
Entertainment,
Inc.*
892
86,506
Netflix,
Inc.*
448
270,108
Take-Two
Interactive
Software,
Inc.*
994
146,048
Walt
Disney
Co.
(The)
2,188
244,137
Warner
Bros
Discovery,
Inc.*
13,953
122,647
1,076,016
Interactive
Media
&
Services
—
44.5%
Alphabet,
Inc.,
Class
a
A*
4,153
575,025
Alphabet,
Inc.,
Class
a
C*
3,494
488,391
Match
Group,
Inc.*
1,709
61,592
Meta
Platforms,
Inc.,
Class
a
A
3,120
1,529,206
2,654,214
Media
—
12.4%
Charter
Communications,
Inc.,
Class
a
A*
552
162,249
Comcast
Corp.,
Class
a
A
4,824
206,709
Fox
Corp.,
Class
a
A
1,554
46,294
Fox
Corp.,
Class
a
B
830
22,725
Interpublic
Group
of
Cos.,
Inc.
(The)
2,408
75,611
News
Corp.,
Class
a
A
2,392
64,297
Investments
Shares
Value
Common
Stocks
(continued)
News
Corp.,
Class
a
B
722
$
20,209
Omnicom
Group,
Inc.
1,245
110,046
Paramount
Global,
Class
a
B
3,033
33,484
741,624
Wireless
Telecommunication
Services
—
3.5%
T-Mobile
US,
Inc.
1,298
211,963
Total
Common
Stocks
(Cost
$4,762,887)
5,099,551
Principal
Amount
Short-Term
Investments
—
6
.7
%
Repurchase
Agreements
(a)
—
6
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$397,614
(Cost
$397,557)
$
397,557
397,557
Total
Investments
—
92.1%
(Cost
$5,160,444)
5,497,108
Other
assets
less
liabilities
—
7.9%
474,050
Net
Assets
—
100.0%
$
5,971,158
*
Non-income
producing
security.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
Ultra
Communication
Services
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
1,837,415
5/6/2025
Bank
of
America
NA
5.63%
S&P
Communication
Services
Select 
Sector
Index
c
36,406
3,371,152
3/6/2025
BNP
Paribas
SA
6.03%
S&P
Communication
Services
Select 
Sector
Index
c
138,775
137,733
3/6/2025
Goldman
Sachs
International
5.93%
S&P
Communication
Services
Select 
Sector
Index
c
15,037
1,239,187
5/6/2025
Societe
Generale
5.98%
S&P
Communication
Services
Select 
Sector
Index
c
29,662
258,458
5/6/2025
UBS
AG
5.68%
S&P
Communication
Services
Select 
Sector
Index
c
15,044
6,843,945
234,924
Total
Unrealized
Appreciation
234,924
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
ULTRA
CONSUMER
DISCRETIONARY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
20
UCC
::
Investments
Shares
Value
Common
Stocks
—
73
.3
%
Automobile
Components
—
0.6%
Aptiv
plc*
942
$
74,879
BorgWarner,
Inc.
783
24,375
99,254
Automobiles
—
12.5%
Ford
Motor
Co.
13,094
162,889
General
Motors
Co.
4,559
186,828
Tesla,
Inc.*
8,188
1,652,994
2,002,711
Broadline
Retail
—
19.6%
Amazon.com,
Inc.*
17,167
3,034,439
eBay,
Inc.
1,728
81,700
Etsy,
Inc.*
399
28,604
3,144,743
Distributors
—
1.1%
Genuine
Parts
Co.
467
69,704
LKQ
Corp.
891
46,590
Pool
Corp.
129
51,358
167,652
Hotels,
Restaurants
&
Leisure
—
17.4%
Airbnb,
Inc.,
Class
a
A*
1,448
228,017
Booking
Holdings,
Inc.*
116
402,384
Caesars
Entertainment,
Inc.*
718
31,211
Carnival
Corp.*
3,355
53,210
Chipotle
Mexican
Grill,
Inc.,
Class
a
A*
91
244,678
Darden
Restaurants,
Inc.
401
68,455
Domino's
Pizza,
Inc.
116
52,009
Expedia
Group,
Inc.*
444
60,748
Hilton
Worldwide
Holdings,
Inc.
854
174,489
Las
Vegas
Sands
Corp.
1,229
67,005
Marriott
International,
Inc.,
Class
a
A
822
205,393
McDonald's
Corp.
1,741
508,859
MGM
Resorts
International*
910
39,385
Norwegian
Cruise
Line
Holdings
Ltd.*
1,417
27,476
Royal
Caribbean
Cruises
Ltd.*
785
96,830
Starbucks
Corp.
3,805
361,095
Wynn
Resorts
Ltd.
320
33,664
Yum!
Brands,
Inc.
933
129,146
2,784,054
Household
Durables
—
3.5%
DR
Horton,
Inc.
1,004
150,038
Garmin
Ltd.
510
70,049
Lennar
Corp.,
Class
a
A
833
132,039
Mohawk
Industries,
Inc.*
176
20,877
NVR,
Inc.*
11
83,881
PulteGroup,
Inc.
718
77,817
Whirlpool
Corp.
183
19,652
554,353
Investments
Shares
Value
Common
Stocks
(continued)
Leisure
Products
—
0.1%
Hasbro,
Inc.
434
$
21,826
Specialty
Retail
—
14.2%
AutoZone,
Inc.*
59
177,355
Bath
&
Body
Works,
Inc.
757
34,595
Best
Buy
Co.,
Inc.
645
52,167
CarMax,
Inc.*
528
41,712
Home
Depot,
Inc.
(The)
1,483
564,445
Lowe's
Cos.,
Inc.
1,922
462,568
O'Reilly
Automotive,
Inc.*
197
214,222
Ross
Stores,
Inc.
1,128
168,027
TJX
Cos.,
Inc.
(The)
3,810
377,723
Tractor
Supply
Co.
360
91,555
Ulta
Beauty,
Inc.*
164
89,964
2,274,333
Textiles,
Apparel
&
Luxury
Goods
—
4.3%
Lululemon
Athletica,
Inc.*
383
178,896
NIKE,
Inc.,
Class
a
B
4,076
423,619
Ralph
Lauren
Corp.,
Class
a
A
132
24,541
Tapestry,
Inc.
763
36,265
VF
Corp.
1,101
17,990
681,311
Total
Common
Stocks
(Cost
$11,284,166)
11,730,237
Principal
Amount
Short-Term
Investments
—
8
.6
%
Repurchase
Agreements
(a)
—
8
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$1,376,417
(Cost
$1,376,212)
$
1,376,212
1,376,212
Total
Investments
—
81.9%
(Cost
$12,660,378)
13,106,449
Other
assets
less
liabilities
—
18.1%
2,905,493
Net
Assets
—
100.0%
$
16,011,942
*
Non-income
producing
security.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
CONSUMER
DISCRETIONARY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
21
UCC
::
Swap
Agreements
Ultra
Consumer
Discretionary
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
10,234,321
5/6/2025
BNP
Paribas
SA
6.03%
S&P
Consumer
Discretionary
Select
Sector
Index
c
535,770
2,068,838
3/6/2025
Goldman
Sachs
International
5.93%
S&P
Consumer
Discretionary
Select
Sector
Index
c
178,797
6,001,677
3/6/2025
Societe
Generale
6.08%
S&P
Consumer
Discretionary
Select
Sector
Index
c
303,772
1,957,109
3/6/2025
UBS
AG
5.68%
S&P
Consumer
Discretionary
Select
Sector
Index
c
707,591
20,261,945
1,725,930
Total
Unrealized
Appreciation
1,725,930
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
ULTRA
CONSUMER
STAPLES
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
22
UGE
::
Investments
Shares
Value
Common
Stocks
—
80
.7
%
Beverages
—
19.6%
Brown-Forman
Corp.,
Class
a
B
455
$
27,405
Coca-Cola
Co.
(The)
8,425
505,669
Constellation
Brands,
Inc.,
Class
a
A
404
100,402
Keurig
Dr
Pepper,
Inc.
2,507
74,984
Molson
Coors
Beverage
Co.,
Class
a
B
459
28,651
Monster
Beverage
Corp.*
1,842
108,862
PepsiCo,
Inc.
2,977
492,217
1,338,190
Consumer
Staples
Distribution
&
Retail
—
22.6%
Costco
Wholesale
Corp.
959
713,390
Dollar
General
Corp.
547
79,485
Dollar
Tree,
Inc.*
519
76,127
Kroger
Co.
(The)
1,648
81,757
Sysco
Corp.
1,257
101,779
Target
Corp.
1,152
176,164
Walgreens
Boots
Alliance,
Inc.
1,785
37,949
Walmart,
Inc.
4,632
271,482
1,538,133
Food
Products
—
12.4%
Archer-Daniels-Midland
Co.
1,330
70,636
Bunge
Global
SA
364
34,351
Campbell
Soup
Co.
487
20,766
Conagra
Brands,
Inc.
1,191
33,443
General
Mills,
Inc.
1,446
92,804
Hershey
Co.
(The)
374
70,282
Hormel
Foods
Corp.
722
25,501
J
M
Smucker
Co.
(The)
266
31,965
Kellanova
656
36,178
Kraft
Heinz
Co.
(The)
1,986
70,066
Lamb
Weston
Holdings,
Inc.
362
37,000
McCormick
&
Co.,
Inc.
(Non-Voting)
625
43,038
Mondelez
International,
Inc.,
Class
a
A
3,279
239,597
Tyson
Foods,
Inc.,
Class
a
A
711
38,565
844,192
Household
Products
—
17.6%
Church
&
Dwight
Co.,
Inc.
614
61,474
Clorox
Co.
(The)
309
47,373
Colgate-Palmolive
Co.
2,052
177,539
Kimberly-Clark
Corp.
844
102,267
Procter
&
Gamble
Co.
(The)
5,102
810,912
1,199,565
Personal
Care
Products
—
2.5%
Estee
Lauder
Cos.,
Inc.
(The),
Class
a
A
578
85,879
Kenvue,
Inc.
4,292
81,548
167,427
Tobacco
—
6.0%
Altria
Group,
Inc.
4,401
180,045
Investments
Shares
Value
Common
Stocks
(continued)
Philip
Morris
International,
Inc.
2,549
$
229,308
409,353
Total
Common
Stocks
(Cost
$5,592,856)
5,496,860
Principal
Amount
Short-Term
Investments
—
9
.5
%
Repurchase
Agreements
(a)
—
9
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$650,794
(Cost
$650,700)
$
650,700
650,700
Total
Investments
—
90.2%
(Cost
$6,243,556)
6,147,560
Other
assets
less
liabilities
—
9.8%
670,063
Net
Assets
—
100.0%
$
6,817,623
*
Non-income
producing
security.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
CONSUMER
STAPLES
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
23
UGE
::
Swap
Agreements
Ultra
Consumer
Staples
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
3,920,879
3/6/2025
Bank
of
America
NA
5.58%
S&P
Consumer
Staples
Select
Sector
Index
c
(
204,458
)
195,669
3/6/2025
Goldman
Sachs
International
5.93%
S&P
Consumer
Staples
Select
Sector
Index
c
(
3,690
)
3,457,570
3/6/2025
Societe
Generale
6.08%
S&P
Consumer
Staples
Select
Sector
Index
c
(
56,760
)
586,258
3/6/2025
UBS
AG
5.68%
S&P
Consumer
Staples
Select
Sector
Index
c
18,605
8,160,376
(
246,303
)
Total
Unrealized
Appreciation
18,605
Total
Unrealized
Depreciation
(
264,908
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
ULTRA
DOW30
~
SM
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
24
DDM
::
Investments
Shares
Value
Common
Stocks
—
73
.0
%
Aerospace
&
Defense
—
2.5%
Boeing
Co.
(The)*
50,540
$
10,296,009
Banks
—
2.3%
JPMorgan
Chase
&
Co.
50,540
9,403,472
Beverages
—
0.7%
Coca-Cola
Co.
(The)
50,540
3,033,411
Biotechnology
—
3.3%
Amgen,
Inc.
50,540
13,839,368
Broadline
Retail
—
2.2%
Amazon.com,
Inc.*
50,540
8,933,451
Capital
Markets
—
4.8%
Goldman
Sachs
Group,
Inc.
(The)
50,540
19,662,587
Chemicals
—
0.7%
Dow,
Inc.
50,540
2,824,175
Communications
Equipment
—
0.6%
Cisco
Systems,
Inc.
50,540
2,444,620
Consumer
Finance
—
2.7%
American
Express
Co.
50,540
11,089,487
Consumer
Staples
Distribution
&
Retail
—
0.7%
Walmart,
Inc.
50,541
2,962,208
Diversified
Telecommunication
Services
—
0.5%
Verizon
Communications,
Inc.
50,540
2,022,611
Entertainment
—
1.4%
Walt
Disney
Co.
(The)
50,540
5,639,253
Financial
Services
—
3.5%
Visa,
Inc.,
Class
a
A
50,540
14,284,626
Health
Care
Providers
&
Services
—
6.0%
UnitedHealth
Group,
Inc.
50,540
24,946,544
Hotels,
Restaurants
&
Leisure
—
3.6%
McDonald's
Corp.
50,540
14,771,831
Household
Products
—
1.9%
Procter
&
Gamble
Co.
(The)
50,540
8,032,828
Investments
Shares
Value
Common
Stocks
(continued)
Industrial
Conglomerates
—
3.6%
3M
Co.
50,540
$
4,655,745
Honeywell
International,
Inc.
50,540
10,043,814
14,699,559
Insurance
—
2.7%
Travelers
Cos.,
Inc.
(The)
50,540
11,167,318
IT
Services
—
2.3%
International
Business
Machines
Corp.
50,540
9,351,416
Machinery
—
4.1%
Caterpillar,
Inc.
50,540
16,878,338
Oil,
Gas
&
Consumable
Fuels
—
1.9%
Chevron
Corp.
50,540
7,682,585
Pharmaceuticals
—
3.5%
Johnson
&
Johnson
50,540
8,156,145
Merck
&
Co.,
Inc.
50,540
6,426,161
14,582,306
Semiconductors
&
Semiconductor
Equipment
—
0.5%
Intel
Corp.
50,540
2,175,747
Software
—
8.8%
Microsoft
Corp.
50,540
20,905,366
Salesforce,
Inc.*
50,540
15,607,763
36,513,129
Specialty
Retail
—
4.7%
Home
Depot,
Inc.
(The)
50,540
19,236,029
Technology
Hardware,
Storage
&
Peripherals
—
2.2%
Apple,
Inc.
50,540
9,135,105
Textiles,
Apparel
&
Luxury
Goods
—
1.3%
NIKE,
Inc.,
Class
a
B
50,540
5,252,622
Total
Common
Stocks
(Cost
$297,560,961)
300,860,635
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
DOW30
~
SM
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
25
DDM
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
6
.8
%
Repurchase
Agreements
(a)
—
6
.8
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$28,224,899
(Cost
$28,220,746)
$
28,220,746
$
28,220,746
Total
Investments
—
79.8%
(Cost
$325,781,707)
329,081,381
Other
assets
less
liabilities
—
20.2%
83,363,659
Net
Assets
—
100.0%
$
412,445,040
*
Non-income
producing
security.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Purchased
Ultra
Dow30
SM
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
DJIA
CBOT
E-Mini
Index
99
3/15/2024
U.S.
Dollar
$
19,326,285
$
1,040,929
Swap
Agreements
Ultra
Dow30
SM
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
40,322,267
3/6/2025
Bank
of
America
NA
5.98%
Dow
Jones
Industrial
Average
SM
3,300,308
74,522,101
11/6/2025
Barclays
Capital
5.93%
Dow
Jones
Industrial
Average
SM
6,324,796
62,862,181
2/11/2025
BNP
Paribas
SA
5.93%
Dow
Jones
Industrial
Average
SM
12,337,798
112,309,603
3/6/2024
Citibank
NA
5.93%
Dow
Jones
Industrial
Average
SM
9,547,282
120,220,983
11/6/2025
Morgan
Stanley
&
Co.
International
plc
5.88%
SPDR
®
Dow
Jones
Industrial
Average
SM
ETF
Trust
13,975,426
55,998,816
11/14/2024
Societe
Generale
5.93%
Dow
Jones
Industrial
Average
SM
4,977,473
38,450,441
1/26/2026
UBS
AG
5.48%
Dow
Jones
Industrial
Average
SM
248,487
504,686,392
50,711,570
Total
Unrealized
Appreciation
50,711,570
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
ENERGY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
26
DIG
::
Investments
Shares
Value
Common
Stocks
—
72
.2
%
Energy
Equipment
&
Services
—
6.0%
Baker
Hughes
Co.,
Class
a
A
49,479
$
1,464,084
Halliburton
Co.
44,022
1,543,851
Schlumberger
NV
65,274
3,154,692
6,162,627
Oil,
Gas
&
Consumable
Fuels
—
66.2%
APA
Corp.
15,081
449,263
Chevron
Corp.
85,682
13,024,521
ConocoPhillips
57,904
6,516,516
Coterra
Energy,
Inc.
36,987
953,525
Devon
Energy
Corp.
31,504
1,388,066
Diamondback
Energy,
Inc.
8,803
1,606,724
EOG
Resources,
Inc.
28,457
3,257,188
EQT
Corp.
20,218
751,099
Exxon
Mobil
Corp.
163,568
17,096,127
Hess
Corp.
13,594
1,981,325
Kinder
Morgan,
Inc.
95,084
1,653,511
Marathon
Oil
Corp.
28,775
697,794
Marathon
Petroleum
Corp.
18,674
3,160,201
Occidental
Petroleum
Corp.
32,469
1,967,946
ONEOK,
Inc.
28,647
2,151,963
Phillips
66
21,635
3,083,204
Pioneer
Natural
Resources
Co.
11,473
2,698,335
Targa
Resources
Corp.
10,963
1,077,005
Valero
Energy
Corp.
16,742
2,368,323
Investments
Shares
Value
Common
Stocks
(continued)
Williams
Cos.,
Inc.
(The)
59,817
$
2,149,823
68,032,459
Total
Common
Stocks
(Cost
$71,347,167)
74,195,086
Principal
Amount
Short-Term
Investments
—
9
.5
%
Repurchase
Agreements
(a)
—
9
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$9,715,905
(Cost
$9,714,476)
$
9,714,476
9,714,476
Total
Investments
—
81.7%
(Cost
$81,061,643)
83,909,562
Other
assets
less
liabilities
—
18.3%
18,838,859
Net
Assets
—
100.0%
$
102,748,421
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
Ultra
Energy
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
44,683,261
5/6/2025
Bank
of
America
NA
5.63%
S&P
Energy
Select
Sector
Index
c
(
6,722,381
)
39,236,695
3/6/2025
BNP
Paribas
SA
6.03%
S&P
Energy
Select
Sector
Index
c
(
1,270,437
)
2,912,756
4/7/2025
Citibank
NA
5.73%
S&P
Energy
Select
Sector
Index
c
(
48,427
)
11,662,725
3/6/2025
Goldman
Sachs
International
5.93%
S&P
Energy
Select
Sector
Index
c
463,818
6,142,351
5/6/2025
Societe
Generale
6.08%
S&P
Energy
Select
Sector
Index
c
(
156,073
)
26,702,663
5/6/2025
UBS
AG
5.63%
S&P
Energy
Select
Sector
Index
c
(
2,051,081
)
131,340,451
(
9,784,581
)
Total
Unrealized
Appreciation
463,818
Total
Unrealized
Depreciation
(
10,248,399
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
FINANCIALS
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
27
UYG
::
Investments
Shares
Value
Common
Stocks
(a)
—
66.5%
Banks
—
16.5%
Bank
of
America
Corp.
601,133
$
20,751,111
Citigroup,
Inc.
167,105
9,272,656
Citizens
Financial
Group,
Inc.
40,712
1,277,950
Comerica,
Inc.
11,514
568,561
Fifth
Third
Bancorp
59,462
2,041,925
Huntington
Bancshares,
Inc.
126,438
1,648,752
JPMorgan
Chase
&
Co.
252,415
46,964,335
KeyCorp
81,751
1,166,587
M&T
Bank
Corp.
14,488
2,024,553
PNC
Financial
Services
Group,
Inc.
(The)
34,783
5,120,058
Regions
Financial
Corp.
81,207
1,512,886
Truist
Financial
Corp.
116,448
4,073,351
US
Bancorp
135,947
5,704,336
Wells
Fargo
&
Co.
317,079
17,626,422
Zions
Bancorp
NA
12,939
510,185
120,263,668
Capital
Markets
—
14.3%
Ameriprise
Financial,
Inc.
8,837
3,599,840
Bank
of
New
York
Mellon
Corp.
(The)
67,151
3,766,500
BlackRock,
Inc.
12,209
9,905,650
Blackstone,
Inc.
62,040
7,929,953
Cboe
Global
Markets,
Inc.
9,215
1,769,280
Charles
Schwab
Corp.
(The)
129,938
8,677,260
CME
Group,
Inc.
31,430
6,925,600
FactSet
Research
Systems,
Inc.
3,318
1,534,840
Franklin
Resources,
Inc.
24,618
675,764
Goldman
Sachs
Group,
Inc.
(The)
28,473
11,077,421
Intercontinental
Exchange,
Inc.
49,974
6,917,401
Invesco
Ltd.
39,255
604,920
MarketAxess
Holdings,
Inc.
3,311
706,600
Moody's
Corp.
13,742
5,213,990
Morgan
Stanley
110,346
9,494,170
MSCI,
Inc.,
Class
a
A
6,906
3,874,059
Nasdaq,
Inc.
29,721
1,670,320
Northern
Trust
Corp.
18,079
1,484,828
Raymond
James
Financial,
Inc.
16,409
1,974,331
S&P
Global,
Inc.
28,287
12,117,585
State
Street
Corp.
26,943
1,986,507
T.
Rowe
Price
Group,
Inc.
19,512
2,211,685
104,118,504
Consumer
Finance
—
2.7%
American
Express
Co.
50,267
11,029,585
Capital
One
Financial
Corp.
33,250
4,575,533
Discover
Financial
Services
21,835
2,635,484
Synchrony
Financial
36,130
1,492,169
19,732,771
Financial
Services
—
22.1%
Berkshire
Hathaway,
Inc.,
Class
a
B*
158,857
65,036,056
Fidelity
National
Information
Services,
Inc.
51,731
3,579,268
Fiserv,
Inc.*
52,401
7,821,897
Investments
Shares
Value
Common
Stocks
(a)
(continued)
FleetCor
Technologies,
Inc.*
6,305
$
1,760,797
Global
Payments,
Inc.
22,732
2,948,340
Jack
Henry
&
Associates,
Inc.
6,362
1,105,525
Mastercard,
Inc.,
Class
a
A
72,304
34,327,047
PayPal
Holdings,
Inc.*
94,135
5,680,106
Visa,
Inc.,
Class
a
A
139,173
39,335,857
161,594,893
Insurance
—
10.9%
Aflac,
Inc.
46,431
3,748,839
Allstate
Corp.
(The)
22,848
3,644,713
American
International
Group,
Inc.
61,293
4,467,647
Aon
plc,
Class
a
A
17,482
5,524,137
Arch
Capital
Group
Ltd.*
32,584
2,854,033
Arthur
J
Gallagher
&
Co.
18,851
4,598,324
Assurant,
Inc.
4,592
833,218
Brown
&
Brown,
Inc.
20,624
1,736,747
Chubb
Ltd.
35,622
8,964,989
Cincinnati
Financial
Corp.
13,699
1,561,686
Everest
Group
Ltd.
3,789
1,397,686
Globe
Life,
Inc.
7,480
949,436
Hartford
Financial
Services
Group,
Inc.
(The)
26,259
2,516,663
Loews
Corp.
15,981
1,200,653
Marsh
&
McLennan
Cos.,
Inc.
43,051
8,707,926
MetLife,
Inc.
54,287
3,785,975
Principal
Financial
Group,
Inc.
19,151
1,548,550
Progressive
Corp.
(The)
51,081
9,682,914
Prudential
Financial,
Inc.
31,520
3,435,365
Travelers
Cos.,
Inc.
(The)
19,939
4,405,722
W
R
Berkley
Corp.
17,787
1,486,993
Willis
Towers
Watson
plc
9,013
2,457,034
79,509,250
Total
Common
Stocks
(Cost
$421,129,262)
485,219,086
Principal
Amount
Short-Term
Investments
—
1.3%
Repurchase
Agreements
(b)
—
1.3%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$9,434,303
(Cost
$9,432,917)
$
9,432,917
9,432,917
Total
Investments
—
67.8%
(Cost
$430,562,179)
494,652,003
Other
assets
less
liabilities
—
32.2%
235,254,880
Net
Assets
—
100.0%
$
729,906,883
*
Non-income
producing
security.
(a)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$3,285.
ULTRA
FINANCIALS
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
28
UYG
::
(b)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
Ultra
Financials
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
62,196,991
3/6/2025
Bank
of
America
NA
6.08%
S&P
Financial
Select
Sector
Index
c
23,569,455
327,366,124
3/6/2025
BNP
Paribas
SA
6.03%
S&P
Financial
Select
Sector
Index
c
59,772,415
28,277,906
4/7/2025
Citibank
NA
5.88%
S&P
Financial
Select
Sector
Index
c
3,972,378
297,383,646
3/6/2025
Goldman
Sachs
International
5.93%
S&P
Financial
Select
Sector
Index
c
39,996,597
108,362,467
3/6/2025
Societe
Generale
6.28%
S&P
Financial
Select
Sector
Index
c
21,497,503
152,162,305
3/6/2025
UBS
AG
5.98%
S&P
Financial
Select
Sector
Index
c
16,949,864
975,749,439
165,758,212
Total
Unrealized
Appreciation
165,758,212
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
FTSE
CHINA
50
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
29
XPP
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
58
.2
%
Repurchase
Agreements
(a)
—
58
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$5,243,155
(Cost
$5,242,384)
$
5,242,384
$
5,242,384
Total
Investments
—
58.2%
(Cost
$5,242,384)
5,242,384
Other
assets
less
liabilities
—
41.8%
3,771,703
Net
Assets
—
100.0%
$
9,014,087
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
Ultra
FTSE
China
50
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
1,245,619
4/10/2025
Bank
of
America
NA
5.53%
iShares
®
China
Large-Cap
ETF
222,903
4,392,908
11/14/2024
Citibank
NA
4.58%
iShares
®
China
Large-Cap
ETF
(
875,848
)
3,569,462
3/6/2025
Goldman
Sachs
International
5.63%
iShares
®
China
Large-Cap
ETF
(
1,924,982
)
56,407
11/14/2024
Morgan
Stanley
&
Co.
International
plc
5.78%
iShares
®
China
Large-Cap
ETF
(
15,269
)
3,547,854
11/14/2024
Societe
Generale
5.18%
iShares
®
China
Large-Cap
ETF
(
887,006
)
5,226,891
3/6/2025
UBS
AG
4.33%
iShares
®
China
Large-Cap
ETF
(
1,645,192
)
18,039,141
(
5,125,394
)
Total
Unrealized
Appreciation
222,903
Total
Unrealized
Depreciation
(
5,348,297
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
FTSE
EUROPE
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
30
UPV
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
53
.2
%
Repurchase
Agreements
(a)
—
53
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$2,359,735
(Cost
$2,359,387)
$
2,359,387
$
2,359,387
Total
Investments
—
53.2%
(Cost
$2,359,387)
2,359,387
Other
assets
less
liabilities
—
46.8%
2,073,066
Net
Assets
—
100.0%
$
4,432,453
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
Ultra
FTSE
Europe
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
570,376
4/10/2025
Bank
of
America
NA
5.63%
Vanguard
®
FTSE
Europe
ETF
Shares
108,527
3,524,070
11/14/2024
Citibank
NA
5.53%
Vanguard
®
FTSE
Europe
ETF
Shares
129,536
1,803,333
3/6/2025
Goldman
Sachs
International
3.38%
Vanguard
®
FTSE
Europe
ETF
Shares
(
20,377
)
24,779
11/14/2024
Morgan
Stanley
&
Co.
International
plc
5.78%
Vanguard
®
FTSE
Europe
ETF
Shares
2,485
1,387,603
11/14/2024
Societe
Generale
5.58%
Vanguard
®
FTSE
Europe
ETF
Shares
169,376
1,544,534
3/6/2025
UBS
AG
3.33%
Vanguard
®
FTSE
Europe
ETF
Shares
109,981
8,854,695
499,528
Total
Unrealized
Appreciation
519,905
Total
Unrealized
Depreciation
(
20,377
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
HEALTH
CARE
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
31
RXL
::
Investments
Shares
Value
Common
Stocks
—
72
.1
%
Biotechnology
—
11.2%
AbbVie,
Inc.
22,063
$
3,884,191
Amgen,
Inc.
6,688
1,831,375
Biogen,
Inc.*
1,810
392,752
Gilead
Sciences,
Inc.
15,572
1,122,741
Incyte
Corp.*
2,325
135,687
Moderna,
Inc.*
4,145
382,335
Regeneron
Pharmaceuticals,
Inc.*
1,338
1,292,628
Vertex
Pharmaceuticals,
Inc.*
3,220
1,354,783
10,396,492
Health
Care
Equipment
&
Supplies
—
14.8%
Abbott
Laboratories
21,686
2,572,827
Align
Technology,
Inc.*
890
269,154
Baxter
International,
Inc.
6,341
259,474
Becton
Dickinson
&
Co.
3,626
854,104
Boston
Scientific
Corp.*
18,298
1,211,510
Cooper
Cos.,
Inc.
(The)
2,476
231,754
DENTSPLY
SIRONA,
Inc.
2,648
86,537
Dexcom,
Inc.*
4,830
555,788
Edwards
Lifesciences
Corp.*
7,580
643,315
GE
HealthCare
Technologies,
Inc.
5,064
462,242
Hologic,
Inc.*
3,061
225,902
IDEXX
Laboratories,
Inc.*
1,039
597,664
Insulet
Corp.*
873
143,172
Intuitive
Surgical,
Inc.*
4,399
1,696,254
Medtronic
plc
16,628
1,386,110
ResMed,
Inc.
1,838
319,297
STERIS
plc
1,235
287,644
Stryker
Corp.
4,225
1,474,821
Teleflex,
Inc.
587
130,778
Zimmer
Biomet
Holdings,
Inc.
2,612
324,828
13,733,175
Health
Care
Providers
&
Services
—
15.3%
Cardinal
Health,
Inc.
3,080
344,898
Cencora,
Inc.
2,083
490,755
Centene
Corp.*
6,676
523,599
Cigna
Group
(The)
3,656
1,228,928
CVS
Health
Corp.
16,051
1,193,713
DaVita,
Inc.*
673
85,451
Elevance
Health,
Inc.
2,936
1,471,670
HCA
Healthcare,
Inc.
2,476
771,769
Henry
Schein,
Inc.*
1,632
124,799
Humana,
Inc.
1,538
538,792
Laboratory
Corp.
of
America
Holdings
1,061
228,996
McKesson
Corp.
1,663
867,105
Molina
Healthcare,
Inc.*
728
286,766
Quest
Diagnostics,
Inc.
1,405
175,470
UnitedHealth
Group,
Inc.
11,558
5,705,029
Universal
Health
Services,
Inc.,
Class
a
B
763
127,467
14,165,207
Life
Sciences
Tools
&
Services
—
8.2%
Agilent
Technologies,
Inc.
3,656
502,188
Investments
Shares
Value
Common
Stocks
(continued)
Bio-Rad
Laboratories,
Inc.,
Class
a
A*
261
$
85,055
Bio-Techne
Corp.
1,976
145,374
Charles
River
Laboratories
International,
Inc.*
641
162,936
Danaher
Corp.
8,218
2,080,304
Illumina,
Inc.*
1,985
277,563
IQVIA
Holdings,
Inc.*
2,288
565,502
Mettler-Toledo
International,
Inc.*
271
337,997
Revvity,
Inc.
1,543
169,097
Thermo
Fisher
Scientific,
Inc.
4,828
2,752,829
Waters
Corp.*
739
249,353
West
Pharmaceutical
Services,
Inc.
924
331,125
7,659,323
Pharmaceuticals
—
22.6%
Bristol-Myers
Squibb
Co.
25,428
1,290,471
Catalent,
Inc.*
2,254
129,244
Eli
Lilly
&
Co.
9,964
7,509,667
Johnson
&
Johnson
30,083
4,854,795
Merck
&
Co.,
Inc.
31,661
4,025,696
Pfizer,
Inc.
70,561
1,874,100
Viatris,
Inc.
14,994
185,476
Zoetis,
Inc.,
Class
a
A
5,738
1,138,018
21,007,467
Total
Common
Stocks
(Cost
$63,367,366)
66,961,664
Principal
Amount
Short-Term
Investments
—
10
.7
%
Repurchase
Agreements
(a)
—
10
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$9,905,492
(Cost
$9,904,036)
$
9,904,036
9,904,036
Total
Investments
—
82.8%
(Cost
$73,271,402)
76,865,700
Other
assets
less
liabilities
—
17.2%
15,943,069
Net
Assets
—
100.0%
$
92,808,769
*
Non-income
producing
security.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
ULTRA
HEALTH
CARE
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
32
RXL
::
Swap
Agreements
Ultra
Health
Care
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
12,114,824
3/6/2025
Bank
of
America
NA
5.78%
S&P
Health
Care
Select
Sector
Index
c
1,740,558
28,297,656
3/6/2025
BNP
Paribas
SA
6.03%
S&P
Health
Care
Select
Sector
Index
c
1,348,338
1,120,091
4/7/2025
Citibank
NA
5.73%
S&P
Health
Care
Select
Sector
Index
c
80,353
6,080,077
3/6/2025
Goldman
Sachs
International
5.93%
S&P
Health
Care
Select
Sector
Index
c
411,438
9,624,595
3/6/2025
Societe
Generale
6.18%
S&P
Health
Care
Select
Sector
Index
c
1,655,042
61,866,759
3/6/2025
UBS
AG
5.68%
S&P
Health
Care
Select
Sector
Index
c
4,930,155
119,104,002
10,165,884
Total
Unrealized
Appreciation
10,165,884
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
HIGH
YIELD
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
33
UJB
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
56
.1
%
Repurchase
Agreements
(a)
—
56
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$8,014,804
(Cost
$8,013,624)
$
8,013,624
$
8,013,624
Total
Investments
—
56.1%
(Cost
$8,013,624)
8,013,624
Other
assets
less
liabilities
—
43.9%
6,279,465
Net
Assets
—
100.0%
$
14,293,089
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
Ultra
High
Yield
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
4,882,080
3/7/2024
BNP
Paribas
SA
5.33%
iShares
®
iBoxx
$
High
Yield
Corporate
Bond
ETF
(
800,431
)
8,271,792
3/6/2025
Citibank
NA
5.08%
iShares
®
iBoxx
$
High
Yield
Corporate
Bond
ETF
509,813
9,061,059
11/7/2024
Goldman
Sachs
International
3.08%
iShares
®
iBoxx
$
High
Yield
Corporate
Bond
ETF
845,959
6,238,310
3/6/2024
UBS
AG
3.83%
iShares
®
iBoxx
$
High
Yield
Corporate
Bond
ETF
211,697
28,453,241
767,038
Total
Unrealized
Appreciation
1,567,469
Total
Unrealized
Depreciation
(
800,431
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
INDUSTRIALS
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
34
UXI
::
Investments
Shares
Value
Common
Stocks
—
67
.9
%
Aerospace
&
Defense
—
11.8%
Axon
Enterprise,
Inc.*
266
$
81,760
Boeing
Co.
(The)*
2,151
438,202
General
Dynamics
Corp.
857
234,175
Howmet
Aerospace,
Inc.
1,479
98,427
Huntington
Ingalls
Industries,
Inc.
150
43,743
L3Harris
Technologies,
Inc.
717
151,760
Lockheed
Martin
Corp.
835
357,580
Northrop
Grumman
Corp.
536
247,107
RTX
Corp.
5,438
487,626
Textron,
Inc.
741
66,001
TransDigm
Group,
Inc.
209
246,148
2,452,529
Air
Freight
&
Logistics
—
3.5%
CH
Robinson
Worldwide,
Inc.
441
32,669
Expeditors
International
of
Washington,
Inc.
550
65,780
FedEx
Corp.
875
217,849
United
Parcel
Service,
Inc.,
Class
a
B
2,735
405,491
721,789
Building
Products
—
3.9%
A
O
Smith
Corp.
465
38,549
Allegion
plc
332
42,453
Builders
FirstSource,
Inc.*
467
91,149
Carrier
Global
Corp.
3,173
176,355
Johnson
Controls
International
plc
2,573
152,502
Masco
Corp.
849
65,169
Trane
Technologies
plc
864
243,622
809,799
Commercial
Services
&
Supplies
—
4.5%
Cintas
Corp.
327
205,555
Copart,
Inc.*
3,305
175,661
Republic
Services,
Inc.,
Class
a
A
773
141,923
Rollins,
Inc.
1,062
46,802
Veralto
Corp.
829
71,642
Waste
Management,
Inc.
1,386
285,031
926,614
Construction
&
Engineering
—
0.6%
Quanta
Services,
Inc.
549
132,589
Electrical
Equipment
—
5.0%
AMETEK,
Inc.
873
157,297
Eaton
Corp.
plc
1,510
436,390
Emerson
Electric
Co.
2,156
230,369
Generac
Holdings,
Inc.*
232
26,102
Hubbell,
Inc.,
Class
a
B
203
77,276
Rockwell
Automation,
Inc.
434
123,725
1,051,159
Ground
Transportation
—
9.2%
CSX
Corp.
7,474
283,564
Investments
Shares
Value
Common
Stocks
(continued)
JB
Hunt
Transport
Services,
Inc.
308
$
63,543
Norfolk
Southern
Corp.
855
216,640
Old
Dominion
Freight
Line,
Inc.
338
149,558
Uber
Technologies,
Inc.*
7,783
618,749
Union
Pacific
Corp.
2,305
584,755
1,916,809
Industrial
Conglomerates
—
6.4%
3M
Co.
2,089
192,439
General
Electric
Co.
4,116
645,789
Honeywell
International,
Inc.
2,493
495,434
1,333,662
Machinery
—
13.9%
Caterpillar,
Inc.
1,929
644,209
Cummins,
Inc.
536
143,975
Deere
&
Co.
1,013
369,796
Dover
Corp.
529
87,486
Fortive
Corp.
1,329
113,138
IDEX
Corp.
286
67,467
Illinois
Tool
Works,
Inc.
1,036
271,587
Ingersoll
Rand,
Inc.
1,531
139,826
Nordson
Corp.
205
54,458
Otis
Worldwide
Corp.
1,548
147,524
PACCAR,
Inc.
1,978
219,340
Parker-Hannifin
Corp.
486
260,229
Pentair
plc
625
48,619
Snap-on,
Inc.
200
55,132
Stanley
Black
&
Decker,
Inc.
580
51,788
Westinghouse
Air
Brake
Technologies
Corp.
678
95,795
Xylem,
Inc.
912
115,870
2,886,239
Passenger
Airlines
—
1.3%
American
Airlines
Group,
Inc.*
2,472
38,761
Delta
Air
Lines,
Inc.
2,434
102,885
Southwest
Airlines
Co.
2,254
77,244
United
Airlines
Holdings,
Inc.*
1,240
56,408
275,298
Professional
Services
—
5.4%
Automatic
Data
Processing,
Inc.
1,556
390,758
Broadridge
Financial
Solutions,
Inc.
445
90,593
Dayforce,
Inc.*
590
41,159
Equifax,
Inc.
466
127,493
Jacobs
Solutions,
Inc.
476
69,806
Leidos
Holdings,
Inc.
520
66,487
Paychex,
Inc.
1,216
149,106
Paycom
Software,
Inc.
185
33,742
Robert
Half,
Inc.
400
32,160
Verisk
Analytics,
Inc.,
Class
a
A
548
132,561
1,133,865
Trading
Companies
&
Distributors
—
2.4%
Fastenal
Co.
2,161
157,775
United
Rentals,
Inc.
256
177,477
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
INDUSTRIALS
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
35
UXI
::
Investments
Shares
Value
Common
Stocks
(continued)
WW
Grainger,
Inc.
167
$
162,568
497,820
Total
Common
Stocks
(Cost
$13,139,520)
14,138,172
Principal
Amount
Short-Term
Investments
—
2
.4
%
Repurchase
Agreements
(a)
—
2
.4
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$508,681
(Cost
$508,605)
$
508,605
508,605
Total
Investments
—
70.3%
(Cost
$13,648,125)
14,646,777
Other
assets
less
liabilities
—
29.7%
6,180,684
Net
Assets
—
100.0%
$
20,827,461
*
Non-income
producing
security.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
Ultra
Industrials
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
4,512,328
3/6/2025
Bank
of
America
NA
5.63%
S&P
Industrials
Select
Sector
Index
c
876,960
10,892,708
3/6/2025
BNP
Paribas
SA
6.03%
S&P
Industrials
Select
Sector
Index
c
1,513,710
2,801,469
3/6/2025
Goldman
Sachs
International
5.93%
S&P
Industrials
Select
Sector
Index
c
370,176
6,865,367
3/6/2025
Societe
Generale
6.08%
S&P
Industrials
Select
Sector
Index
c
554,169
2,498,048
3/6/2025
UBS
AG
5.68%
S&P
Industrials
Select
Sector
Index
c
671,448
27,569,920
3,986,463
Total
Unrealized
Appreciation
3,986,463
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
ULTRA
MATERIALS
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
36
UYM
::
Investments
Shares
Value
Common
Stocks
—
73
.1
%
Chemicals
—
49.5%
Air
Products
and
Chemicals,
Inc.
6,914
$
1,618,153
Albemarle
Corp.
3,683
507,702
Celanese
Corp.,
Class
a
A
3,143
477,642
CF
Industries
Holdings,
Inc.
5,996
483,997
Corteva,
Inc.
22,114
1,183,541
Dow,
Inc.
22,011
1,229,975
DuPont
de
Nemours,
Inc.
13,496
933,788
Eastman
Chemical
Co.
3,721
326,480
Ecolab,
Inc.
7,898
1,775,786
FMC
Corp.
3,915
220,767
International
Flavors
&
Fragrances,
Inc.
8,012
604,906
Linde
plc
15,091
6,773,143
LyondellBasell
Industries
NV,
Class
a
A
8,041
806,351
Mosaic
Co.
(The)
10,257
319,608
PPG
Industries,
Inc.
7,400
1,047,840
Sherwin-Williams
Co.
(The)
7,330
2,433,780
20,743,459
Construction
Materials
—
5.3%
Martin
Marietta
Materials,
Inc.
1,939
1,120,180
Vulcan
Materials
Co.
4,170
1,108,594
2,228,774
Containers
&
Packaging
—
6.8%
Amcor
plc
45,360
410,962
Avery
Dennison
Corp.
2,526
546,955
Ball
Corp.
9,894
633,414
International
Paper
Co.
10,860
384,009
Investments
Shares
Value
Common
Stocks
(continued)
Packaging
Corp.
of
America
2,813
$
509,687
Westrock
Co.
8,047
364,449
2,849,476
Metals
&
Mining
—
11.5%
Freeport-McMoRan,
Inc.
44,629
1,687,422
Newmont
Corp.
32,896
1,028,000
Nucor
Corp.
7,716
1,483,787
Steel
Dynamics,
Inc.
4,774
638,857
4,838,066
Total
Common
Stocks
(Cost
$29,857,734)
30,659,775
Principal
Amount
Short-Term
Investments
—
6
.5
%
Repurchase
Agreements
(a)
—
6
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$2,708,542
(Cost
$2,708,146)
$
2,708,146
2,708,146
Total
Investments
—
79.6%
(Cost
$32,565,880)
33,367,921
Other
assets
less
liabilities
—
20.4%
8,559,889
Net
Assets
—
100.0%
$
41,927,810
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
Ultra
Materials
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
12,333,670
3/6/2025
Bank
of
America
NA
5.68%
S&P
Materials
Select
Sector
Index
c
1,263,062
18,415,034
3/6/2025
BNP
Paribas
SA
6.03%
S&P
Materials
Select
Sector
Index
c
893,308
6,234,653
3/6/2025
Goldman
Sachs
International
5.93%
S&P
Materials
Select
Sector
Index
c
299,256
9,973,030
3/6/2025
Societe
Generale
6.08%
S&P
Materials
Select
Sector
Index
c
1,294,455
6,321,052
3/6/2025
UBS
AG
5.68%
S&P
Materials
Select
Sector
Index
c
941,262
53,277,439
4,691,343
Total
Unrealized
Appreciation
4,691,343
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
MIDCAP400
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
37
MVV
::
Investments
Shares
Value
Common
Stocks
—
74
.4
%
Aerospace
&
Defense
—
0.9%
BWX
Technologies,
Inc.
3,617
$
364,702
Curtiss-Wright
Corp.
1,512
357,240
Hexcel
Corp.
3,327
247,728
Woodward,
Inc.
2,389
338,020
1,307,690
Air
Freight
&
Logistics
—
0.2%
GXO
Logistics,
Inc.*
4,705
243,531
Automobile
Components
—
1.0%
Adient
plc*
3,704
125,714
Autoliv,
Inc.
2,962
343,681
Fox
Factory
Holding
Corp.*
1,676
84,789
Gentex
Corp.
9,225
336,989
Goodyear
Tire
&
Rubber
Co.
(The)*
11,214
133,222
Lear
Corp.(a)
2,304
316,454
Visteon
Corp.*
1,100
124,432
1,465,281
Automobiles
—
0.3%
Harley-Davidson,
Inc.
5,012
181,785
Thor
Industries,
Inc.
2,107
270,075
451,860
Banks
—
3.7%
Associated
Banc-Corp.
5,878
122,497
Bank
OZK
4,161
182,252
Cadence
Bank
7,224
199,960
Columbia
Banking
System,
Inc.
8,249
149,307
Commerce
Bancshares,
Inc.
4,697
244,432
Cullen/Frost
Bankers,
Inc.
2,533
274,856
East
West
Bancorp,
Inc.
5,574
406,122
First
Financial
Bankshares,
Inc.
5,080
157,175
First
Horizon
Corp.
22,099
311,596
FNB
Corp.
14,191
189,308
Glacier
Bancorp,
Inc.
4,385
164,087
Hancock
Whitney
Corp.
3,407
148,545
Home
BancShares,
Inc.
7,421
174,097
International
Bancshares
Corp.
2,111
109,540
New
York
Community
Bancorp,
Inc.
28,574
136,869
Old
National
Bancorp
11,573
190,144
Pinnacle
Financial
Partners,
Inc.
3,036
251,138
Prosperity
Bancshares,
Inc.
3,706
231,291
SouthState
Corp.
3,008
252,792
Synovus
Financial
Corp.
5,784
219,445
Texas
Capital
Bancshares,
Inc.*
1,899
111,376
UMB
Financial
Corp.
1,727
140,940
United
Bankshares,
Inc.
5,336
185,106
Valley
National
Bancorp
16,866
138,133
Webster
Financial
Corp.
6,804
324,143
Wintrust
Financial
Corp.
2,422
233,360
5,248,511
Investments
Shares
Value
Common
Stocks
(continued)
Beverages
—
0.5%
Boston
Beer
Co.,
Inc.
(The),
Class
a
A*
372
$
114,628
Celsius
Holdings,
Inc.*
5,867
478,865
Coca-Cola
Consolidated,
Inc.
185
155,548
749,041
Biotechnology
—
1.1%
Arrowhead
Pharmaceuticals,
Inc.*
4,864
156,134
Exelixis,
Inc.*
12,299
269,348
Halozyme
Therapeutics,
Inc.*
5,224
207,968
Neurocrine
Biosciences,
Inc.*
3,886
506,734
United
Therapeutics
Corp.*
1,856
418,788
1,558,972
Broadline
Retail
—
0.3%
Macy's,
Inc.
10,822
188,735
Nordstrom,
Inc.(a)
3,837
80,462
Ollie's
Bargain
Outlet
Holdings,
Inc.*
2,440
195,615
464,812
Building
Products
—
2.6%
Advanced
Drainage
Systems,
Inc.(a)
2,711
442,544
Carlisle
Cos.,
Inc.
1,925
673,750
Fortune
Brands
Innovations,
Inc.
4,987
405,642
Lennox
International,
Inc.
1,265
596,081
Owens
Corning
3,515
526,477
Simpson
Manufacturing
Co.,
Inc.
1,688
352,252
Trex
Co.,
Inc.*
4,295
394,109
UFP
Industries,
Inc.
2,445
280,270
3,671,125
Capital
Markets
—
2.2%
Affiliated
Managers
Group,
Inc.
1,337
208,986
Carlyle
Group,
Inc.
(The)
8,563
392,613
Evercore,
Inc.,
Class
a
A
1,371
256,487
Federated
Hermes,
Inc.,
Class
a
B
3,411
120,169
Houlihan
Lokey,
Inc.,
Class
a
A
2,041
262,595
Interactive
Brokers
Group,
Inc.,
Class
a
A
4,232
460,103
Janus
Henderson
Group
plc
5,241
163,310
Jefferies
Financial
Group,
Inc.
6,658
278,438
Morningstar,
Inc.
1,030
307,548
SEI
Investments
Co.
3,955
265,974
Stifel
Financial
Corp.
4,034
306,019
3,022,242
Chemicals
—
1.7%
Arcadium
Lithium
plc*
40,627
223,042
Ashland,
Inc.
2,027
189,808
Avient
Corp.
3,605
145,930
Axalta
Coating
Systems
Ltd.*
8,704
284,882
Cabot
Corp.
2,185
185,616
Chemours
Co.
(The)
5,871
115,483
ULTRA
MIDCAP400
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INVESTMENTS
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Investments
Shares
Value
Common
Stocks
(continued)
NewMarket
Corp.
273
$
175,176
Olin
Corp.
4,847
260,769
RPM
International,
Inc.
5,095
587,708
Scotts
Miracle-Gro
Co.
(The)
1,643
107,945
Westlake
Corp.
1,267
175,746
2,452,105
Commercial
Services
&
Supplies
—
1.0%
Brink's
Co.
(The)
1,782
147,603
Clean
Harbors,
Inc.*
1,992
362,743
MSA
Safety,
Inc.
1,461
269,043
Stericycle,
Inc.*
3,659
199,013
Tetra
Tech,
Inc.
2,106
373,436
1,351,838
Communications
Equipment
—
0.4%
Calix,
Inc.*
2,318
80,829
Ciena
Corp.*
5,847
333,162
Lumentum
Holdings,
Inc.*
2,650
128,445
542,436
Construction
&
Engineering
—
1.6%
AECOM
5,487
487,410
Comfort
Systems
USA,
Inc.
1,412
431,691
EMCOR
Group,
Inc.
1,861
583,461
Fluor
Corp.*
6,738
247,958
MasTec,
Inc.*
2,391
180,425
MDU
Resources
Group,
Inc.
8,054
174,611
Valmont
Industries,
Inc.(a)
826
175,054
2,280,610
Construction
Materials
—
0.4%
Eagle
Materials,
Inc.
1,380
349,899
Knife
River
Corp.*
2,237
165,739
515,638
Consumer
Finance
—
0.5%
Ally
Financial,
Inc.
10,736
397,125
FirstCash
Holdings,
Inc.
1,463
167,513
SLM
Corp.
8,949
186,408
751,046
Consumer
Staples
Distribution
&
Retail
—
1.5%
BJ's
Wholesale
Club
Holdings,
Inc.*
5,289
386,309
Casey's
General
Stores,
Inc.
1,474
448,818
Grocery
Outlet
Holding
Corp.*
3,926
101,251
Performance
Food
Group
Co.*
6,154
472,443
Sprouts
Farmers
Market,
Inc.*
4,017
250,821
US
Foods
Holding
Corp.*
8,945
454,317
2,113,959
Containers
&
Packaging
—
1.2%
AptarGroup,
Inc.
2,602
365,477
Berry
Global
Group,
Inc.
4,670
271,841
Crown
Holdings,
Inc.
4,771
365,554
Graphic
Packaging
Holding
Co.
12,104
314,099
Greif,
Inc.,
Class
a
A
1,007
64,911
Silgan
Holdings,
Inc.
3,201
140,556
Investments
Shares
Value
Common
Stocks
(continued)
Sonoco
Products
Co.
3,874
$
219,578
1,742,016
Diversified
Consumer
Services
—
0.7%
Graham
Holdings
Co.,
Class
a
B
142
99,731
Grand
Canyon
Education,
Inc.*
1,169
157,581
H&R
Block,
Inc.
5,692
278,624
Service
Corp.
International
5,843
427,649
963,585
Diversified
REITs
—
0.4%
WP
Carey,
Inc.,
REIT
8,648
487,142
Diversified
Telecommunication
Services
—
0.3%
Frontier
Communications
Parent,
Inc.*
8,748
207,153
Iridium
Communications,
Inc.
4,898
141,797
348,950
Electric
Utilities
—
0.6%
ALLETE,
Inc.
2,273
128,743
IDACORP,
Inc.
2,002
176,396
OGE
Energy
Corp.
7,921
260,680
PNM
Resources,
Inc.
3,395
123,951
Portland
General
Electric
Co.
3,999
160,640
850,410
Electrical
Equipment
—
1.2%
Acuity
Brands,
Inc.
1,224
307,518
EnerSys
1,598
146,824
nVent
Electric
plc
6,562
441,754
Regal
Rexnord
Corp.
2,624
449,990
Sensata
Technologies
Holding
plc
5,986
206,038
Sunrun,
Inc.*
8,593
103,459
1,655,583
Electronic
Equipment,
Instruments
&
Components
—
1.7%
Arrow
Electronics,
Inc.*
2,142
251,685
Avnet,
Inc.
3,579
166,746
Belden,
Inc.
1,648
140,377
Cognex
Corp.
6,808
268,575
Coherent
Corp.*
5,212
310,010
Crane
NXT
Co.
1,909
111,524
IPG
Photonics
Corp.*
1,169
100,943
Littelfuse,
Inc.
984
234,428
Novanta,
Inc.*
1,416
244,883
TD
SYNNEX
Corp.
2,278
236,684
Vishay
Intertechnology,
Inc.
4,993
108,598
Vontier
Corp.
6,104
262,472
2,436,925
Energy
Equipment
&
Services
—
0.7%
ChampionX
Corp.
7,704
239,286
NOV,
Inc.
15,579
263,285
Valaris
Ltd.*
2,479
156,301
Weatherford
International
plc*
2,852
292,644
951,516
FEBRUARY
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::
ULTRA
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PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
39
MVV
::
Investments
Shares
Value
Common
Stocks
(continued)
Entertainment
—
0.1%
TKO
Group
Holdings,
Inc.,
Class
a
A
2,373
$
198,691
Financial
Services
—
1.4%
Equitable
Holdings,
Inc.
12,584
430,876
Essent
Group
Ltd.
4,222
226,173
Euronet
Worldwide,
Inc.*
1,733
189,659
MGIC
Investment
Corp.
10,967
218,134
Voya
Financial,
Inc.
4,132
282,463
Western
Union
Co.
(The)
14,410
193,238
WEX,
Inc.*
1,690
371,344
1,911,887
Food
Products
—
0.8%
Darling
Ingredients,
Inc.*
6,309
266,934
Flowers
Foods,
Inc.
7,598
170,347
Ingredion,
Inc.
2,578
303,250
Lancaster
Colony
Corp.
805
166,571
Pilgrim's
Pride
Corp.*
1,592
50,689
Post
Holdings,
Inc.*
2,010
209,362
1,167,153
Gas
Utilities
—
0.7%
National
Fuel
Gas
Co.
3,631
176,975
New
Jersey
Resources
Corp.
3,858
160,531
ONE
Gas,
Inc.
2,193
130,703
Southwest
Gas
Holdings,
Inc.
2,376
161,924
Spire,
Inc.
2,080
123,386
UGI
Corp.
8,285
202,817
956,336
Ground
Transportation
—
1.6%
Avis
Budget
Group,
Inc.
731
78,977
Hertz
Global
Holdings,
Inc.*
5,235
41,095
Knight-Swift
Transportation
Holdings,
Inc.,
Class
a
A
6,379
359,393
Landstar
System,
Inc.
1,422
270,465
Ryder
System,
Inc.
1,753
200,017
Saia,
Inc.*
1,050
604,170
Werner
Enterprises,
Inc.
2,507
100,631
XPO,
Inc.*
4,588
552,028
2,206,776
Health
Care
Equipment
&
Supplies
—
1.7%
Enovis
Corp.*
1,965
117,528
Envista
Holdings
Corp.*
6,779
139,986
Globus
Medical,
Inc.,
Class
a
A*
4,562
246,302
Haemonetics
Corp.*
2,007
146,471
Inari
Medical,
Inc.*
2,024
93,347
Integra
LifeSciences
Holdings
Corp.*
2,690
99,288
Lantheus
Holdings,
Inc.*
2,709
177,115
LivaNova
plc*
2,131
116,800
Masimo
Corp.*
1,755
225,588
Neogen
Corp.*
7,785
133,824
Penumbra,
Inc.*
1,526
358,488
QuidelOrtho
Corp.*
1,956
89,194
Investments
Shares
Value
Common
Stocks
(continued)
Shockwave
Medical,
Inc.*
1,459
$
380,609
2,324,540
Health
Care
Providers
&
Services
—
1.6%
Acadia
Healthcare
Co.,
Inc.*
3,647
304,342
Amedisys,
Inc.*
1,291
120,089
Chemed
Corp.
596
373,174
Encompass
Health
Corp.
3,964
294,922
HealthEquity,
Inc.*
3,387
279,800
Option
Care
Health,
Inc.*
7,005
226,051
Progyny,
Inc.*
3,297
120,406
R1
RCM,
Inc.*
7,788
109,421
Tenet
Healthcare
Corp.*
4,016
373,488
2,201,693
Health
Care
REITs
—
0.5%
Healthcare
Realty
Trust,
Inc.,
Class
a
A,
REIT
15,063
207,568
Medical
Properties
Trust,
Inc.,
REIT(a)
23,690
99,735
Omega
Healthcare
Investors,
Inc.,
REIT
9,689
301,522
Sabra
Health
Care
REIT,
Inc.,
REIT
9,145
126,932
735,757
Health
Care
Technology
—
0.1%
Doximity,
Inc.,
Class
a
A*
4,673
131,919
Hotel
&
Resort
REITs
—
0.1%
Park
Hotels
&
Resorts,
Inc.,
REIT
8,305
137,863
Hotels,
Restaurants
&
Leisure
—
2.7%
Aramark
10,324
313,127
Boyd
Gaming
Corp.
2,748
181,725
Choice
Hotels
International,
Inc.(a)
985
110,261
Churchill
Downs,
Inc.
2,685
327,221
Hilton
Grand
Vacations,
Inc.*
2,819
126,517
Hyatt
Hotels
Corp.,
Class
a
A
1,749
268,629
Light
&
Wonder,
Inc.*
3,561
357,916
Marriott
Vacations
Worldwide
Corp.
1,306
121,706
Penn
Entertainment,
Inc.*
6,002
109,837
Planet
Fitness,
Inc.,
Class
a
A*
3,379
209,667
Texas
Roadhouse,
Inc.,
Class
a
A
2,641
394,486
Travel
+
Leisure
Co.
2,864
127,992
Vail
Resorts,
Inc.
1,506
346,847
Wendy's
Co.
(The)
6,607
119,653
Wingstop,
Inc.
1,163
408,271
Wyndham
Hotels
&
Resorts,
Inc.
3,281
251,160
3,775,015
Household
Durables
—
1.4%
Helen
of
Troy
Ltd.*
939
117,375
KB
Home
3,028
201,150
Leggett
&
Platt,
Inc.
5,273
107,675
ULTRA
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INVESTMENTS
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Investments
Shares
Value
Common
Stocks
(continued)
Taylor
Morrison
Home
Corp.,
Class
a
A*(a)
4,250
$
240,592
Tempur
Sealy
International,
Inc.
6,816
371,267
Toll
Brothers,
Inc.
4,251
487,335
TopBuild
Corp.*
1,257
505,792
2,031,186
Independent
Power
and
Renewable
Electricity
Producers
—
0.6%
Ormat
Technologies,
Inc.
2,124
138,378
Vistra
Corp.
13,292
724,946
863,324
Industrial
REITs
—
0.9%
EastGroup
Properties,
Inc.,
REIT
1,832
321,864
First
Industrial
Realty
Trust,
Inc.,
REIT
5,231
277,243
Rexford
Industrial
Realty,
Inc.,
REIT
8,349
424,797
STAG
Industrial,
Inc.,
REIT
7,181
266,703
1,290,607
Insurance
—
3.5%
American
Financial
Group,
Inc.
2,584
329,899
Brighthouse
Financial,
Inc.*
2,539
118,190
CNO
Financial
Group,
Inc.
4,436
118,397
Erie
Indemnity
Co.,
Class
a
A
986
401,184
Fidelity
National
Financial,
Inc.
10,225
517,180
First
American
Financial
Corp.
4,081
238,371
Hanover
Insurance
Group,
Inc.
(The)
1,414
185,899
Kemper
Corp.
2,383
136,617
Kinsale
Capital
Group,
Inc.
871
449,593
Old
Republic
International
Corp.
10,312
298,636
Primerica,
Inc.(a)
1,386
339,930
Reinsurance
Group
of
America,
Inc.
2,607
461,048
RenaissanceRe
Holdings
Ltd.
2,076
466,726
RLI
Corp.
1,588
232,563
Selective
Insurance
Group,
Inc.
2,396
250,334
Unum
Group
7,251
358,562
4,903,129
Interactive
Media
&
Services
—
0.2%
Ziff
Davis,
Inc.*
1,819
125,075
ZoomInfo
Technologies,
Inc.,
Class
a
A*
11,716
196,360
321,435
IT
Services
—
0.6%
GoDaddy,
Inc.,
Class
a
A*
5,569
635,701
Kyndryl
Holdings,
Inc.*
9,075
199,378
835,079
Leisure
Products
—
0.6%
Brunswick
Corp.
2,721
237,816
Mattel,
Inc.*
13,970
275,209
Polaris,
Inc.
2,099
194,598
YETI
Holdings,
Inc.*
3,435
140,972
848,595
Investments
Shares
Value
Common
Stocks
(continued)
Life
Sciences
Tools
&
Services
—
0.9%
Azenta,
Inc.*
2,379
$
154,992
Bruker
Corp.
3,668
317,429
Medpace
Holdings,
Inc.*
922
366,513
Repligen
Corp.*
2,054
398,456
Sotera
Health
Co.*
3,912
58,719
1,296,109
Machinery
—
3.6%
AGCO
Corp.
2,458
269,643
Chart
Industries,
Inc.*(a)
1,661
237,290
Crane
Co.
1,932
234,854
Donaldson
Co.,
Inc.
4,773
341,842
Esab
Corp.
2,241
222,128
Flowserve
Corp.
5,189
219,598
Graco,
Inc.
6,675
609,161
ITT,
Inc.
3,247
409,577
Lincoln
Electric
Holdings,
Inc.
2,262
580,429
Middleby
Corp.
(The)*
2,120
322,579
Oshkosh
Corp.
2,587
286,795
RBC
Bearings,
Inc.*
1,150
313,755
Terex
Corp.
2,662
152,666
Timken
Co.
(The)
2,567
215,602
Toro
Co.
(The)
4,107
379,117
Watts
Water
Technologies,
Inc.,
Class
a
A
1,082
220,674
5,015,710
Marine
Transportation
—
0.2%
Kirby
Corp.*
2,337
205,002
Media
—
0.5%
Cable
One,
Inc.
180
82,080
New
York
Times
Co.
(The),
Class
a
A
6,471
286,536
Nexstar
Media
Group,
Inc.,
Class
a
A
1,275
211,867
TEGNA,
Inc.
7,790
109,138
689,621
Metals
&
Mining
—
1.7%
Alcoa
Corp.
7,058
192,048
Cleveland-Cliffs,
Inc.*
19,967
415,314
Commercial
Metals
Co.
4,623
249,642
MP
Materials
Corp.*
5,696
86,636
Reliance,
Inc.
2,273
730,133
Royal
Gold,
Inc.
2,598
266,633
United
States
Steel
Corp.
8,821
417,586
2,357,992
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.4%
Annaly
Capital
Management,
Inc.
19,778
377,562
Starwood
Property
Trust,
Inc.
11,768
239,950
617,512
Multi-Utilities
—
0.2%
Black
Hills
Corp.
2,689
139,909
FEBRUARY
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(UNAUDITED)
::
ULTRA
MIDCAP400
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
41
MVV
::
Investments
Shares
Value
Common
Stocks
(continued)
Northwestern
Energy
Group,
Inc.
2,422
$
116,062
255,971
Office
REITs
—
0.4%
COPT
Defense
Properties,
REIT
4,451
107,848
Cousins
Properties,
Inc.,
REIT
6,003
136,928
Kilroy
Realty
Corp.,
REIT
4,219
159,866
Vornado
Realty
Trust,
REIT
6,323
166,295
570,937
Oil,
Gas
&
Consumable
Fuels
—
3.0%
Antero
Midstream
Corp.
13,470
180,498
Antero
Resources
Corp.*
11,173
287,146
Chesapeake
Energy
Corp.
4,406
364,729
Chord
Energy
Corp.
1,633
265,281
Civitas
Resources,
Inc.
3,376
231,864
CNX
Resources
Corp.*
6,282
131,608
DT
Midstream,
Inc.
3,832
220,838
Equitrans
Midstream
Corp.
17,135
183,173
HF
Sinclair
Corp.
6,192
343,656
Matador
Resources
Co.
4,382
276,723
Murphy
Oil
Corp.
5,804
230,245
Ovintiv,
Inc.
10,038
495,977
PBF
Energy,
Inc.,
Class
a
A
4,301
200,857
Permian
Resources
Corp.,
Class
a
A
16,440
255,806
Range
Resources
Corp.
9,543
301,750
Southwestern
Energy
Co.*(a)
43,562
303,627
4,273,778
Paper
&
Forest
Products
—
0.1%
Louisiana-Pacific
Corp.
2,538
187,736
Personal
Care
Products
—
0.7%
BellRing
Brands,
Inc.*
5,199
296,083
Coty,
Inc.,
Class
a
A*
14,811
186,026
elf
Beauty,
Inc.*
2,183
455,221
937,330
Pharmaceuticals
—
0.3%
Jazz
Pharmaceuticals
plc*
2,490
296,061
Perrigo
Co.
plc
5,359
140,727
436,788
Professional
Services
—
2.1%
ASGN,
Inc.*
1,867
185,430
CACI
International,
Inc.,
Class
a
A*
881
330,243
Concentrix
Corp.
1,870
135,481
ExlService
Holdings,
Inc.*
6,523
202,996
Exponent,
Inc.
2,002
161,942
FTI
Consulting,
Inc.*
1,404
290,459
Genpact
Ltd.
6,601
224,434
Insperity,
Inc.
1,401
142,608
KBR,
Inc.
5,339
320,500
ManpowerGroup,
Inc.
1,930
139,269
Maximus,
Inc.
2,404
201,119
Paylocity
Holding
Corp.*
1,711
288,492
Investments
Shares
Value
Common
Stocks
(continued)
Science
Applications
International
Corp.
2,094
$
293,076
2,916,049
Real
Estate
Management
&
Development
—
0.3%
Jones
Lang
LaSalle,
Inc.*
1,881
357,841
Residential
REITs
—
0.9%
American
Homes
4
Rent,
Class
a
A,
REIT
12,512
463,069
Apartment
Income
REIT
Corp.,
Class
a
A,
REIT
5,813
176,250
Equity
LifeStyle
Properties,
Inc.,
REIT
7,372
496,283
Independence
Realty
Trust,
Inc.,
REIT
8,887
130,106
1,265,708
Retail
REITs
—
0.7%
Agree
Realty
Corp.,
REIT
3,975
218,426
Brixmor
Property
Group,
Inc.,
REIT(a)
11,888
268,788
Kite
Realty
Group
Trust,
REIT
8,677
185,775
NNN
REIT,
Inc.,
REIT
7,215
293,578
966,567
Semiconductors
&
Semiconductor
Equipment
—
2.0%
Allegro
MicroSystems,
Inc.*
2,817
88,707
Amkor
Technology,
Inc.
4,082
126,624
Cirrus
Logic,
Inc.*
2,132
195,760
Lattice
Semiconductor
Corp.*
5,459
418,214
MACOM
Technology
Solutions
Holdings,
Inc.*
2,140
189,026
MKS
Instruments,
Inc.
2,486
305,181
Onto
Innovation,
Inc.*
1,941
357,455
Power
Integrations,
Inc.
2,249
160,714
Rambus,
Inc.*
4,252
251,888
Silicon
Laboratories,
Inc.*
1,257
172,888
Synaptics,
Inc.*
1,550
155,155
Universal
Display
Corp.
1,723
300,526
Wolfspeed,
Inc.*
4,956
128,955
2,851,093
Software
—
1.7%
Aspen
Technology,
Inc.*
1,108
214,830
Blackbaud,
Inc.*
1,704
117,883
CommVault
Systems,
Inc.*
1,732
165,770
Dolby
Laboratories,
Inc.,
Class
a
A
2,355
190,755
Dropbox,
Inc.,
Class
a
A*
10,132
242,661
Dynatrace,
Inc.*
9,431
467,306
Manhattan
Associates,
Inc.*
2,435
616,859
Qualys,
Inc.*
1,455
250,056
Teradata
Corp.*
3,868
145,514
2,411,634
Specialized
REITs
—
1.3%
CubeSmart,
REIT
8,893
387,824
EPR
Properties,
REIT
2,979
122,377
ULTRA
MIDCAP400
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
42
MVV
::
Investments
Shares
Value
Common
Stocks
(continued)
Gaming
and
Leisure
Properties,
Inc.,
REIT
10,560
$
480,269
Lamar
Advertising
Co.,
Class
a
A,
REIT
3,464
382,945
National
Storage
Affiliates
Trust,
REIT
3,056
109,436
PotlatchDeltic
Corp.,
REIT
3,139
141,914
Rayonier,
Inc.,
REIT
5,396
185,784
1,810,549
Specialty
Retail
—
3.0%
AutoNation,
Inc.*
1,026
153,695
Burlington
Stores,
Inc.*
2,566
526,287
Dick's
Sporting
Goods,
Inc.
2,430
432,273
Five
Below,
Inc.*
2,202
441,897
Floor
&
Decor
Holdings,
Inc.,
Class
a
A*
4,215
510,521
GameStop
Corp.,
Class
a
A*(a)
10,623
151,590
Gap,
Inc.
(The)
8,485
160,706
Lithia
Motors,
Inc.,
Class
a
A
1,088
325,377
Murphy
USA,
Inc.
766
319,430
Penske
Automotive
Group,
Inc.
771
118,348
RH*
611
167,658
Valvoline,
Inc.*
5,484
233,838
Williams-Sonoma,
Inc.
2,537
597,540
4,139,160
Technology
Hardware,
Storage
&
Peripherals
—
1.6%
Pure
Storage,
Inc.,
Class
a
A*
11,597
610,582
Super
Micro
Computer,
Inc.*
1,834
1,588,464
2,199,046
Textiles,
Apparel
&
Luxury
Goods
—
1.7%
Capri
Holdings
Ltd.*
4,596
212,014
Carter's,
Inc.
1,456
117,863
Columbia
Sportswear
Co.
1,364
112,789
Crocs,
Inc.*
2,395
292,789
Deckers
Outdoor
Corp.*
1,018
911,711
PVH
Corp.
2,390
326,641
Skechers
USA,
Inc.,
Class
a
A*
5,284
326,604
Under
Armour,
Inc.,
Class
a
A*
7,466
66,895
Under
Armour,
Inc.,
Class
a
C*
7,650
65,331
2,432,637
Trading
Companies
&
Distributors
—
1.0%
Core
&
Main,
Inc.,
Class
a
A*
6,644
317,118
GATX
Corp.
1,404
178,083
MSC
Industrial
Direct
Co.,
Inc.,
Class
a
A
1,834
185,124
Investments
Shares
Value
Common
Stocks
(continued)
Watsco,
Inc.
1,339
$
527,727
WESCO
International,
Inc.
1,737
259,664
1,467,716
Water
Utilities
—
0.3%
Essential
Utilities,
Inc.
9,939
345,678
Total
Common
Stocks
(Cost
$89,081,243)
104,475,973
Securities
Lending
Reinvestments
(b)
—
0
.5
%
Investment
Companies
—
0
.5
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
5.25%
(c)
(Cost
$771,485)
771,485
771,485
Principal
Amount
Short-Term
Investments
—
5
.4
%
Repurchase
Agreements
(d)
—
5
.4
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$7,582,224
(Cost
$7,581,109)
$
7,581,109
7,581,109
Total
Investments
—
80.3%
(Cost
$97,433,837)
112,828,567
Other
assets
less
liabilities
—
19.7%
27,669,207
Net
Assets
—
100.0%
$
140,497,774
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
29,
2024.
The
total
value
of
securities
on
loan
at
February
29,
2024
was
$806,696,
collateralized
in
the
form
of
cash
with
a
value
of
$771,485
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$69,071
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.25%,
and
maturity
dates
ranging
from
April
15,
2024
–
August
15,
2049.
The
total
value
of
collateral
is
$840,556.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
29,
2024.
The
total
value
of
securities
purchased
was
$771,485.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
29,
2024.
(d)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Purchased
Ultra
MidCap400
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
S&P
Midcap
400
E-Mini
Index
33
3/15/2024
U.S.
Dollar
$
9,545,580
$
775,165
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
MIDCAP400
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
43
MVV
::
Swap
Agreements
Ultra
MidCap400
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
19,488,897
2/11/2025
Bank
of
America
NA
5.98%
S&P
MidCap
400
®
2,121,047
22,645,509
2/11/2025
BNP
Paribas
SA
5.88%
S&P
MidCap
400
®
2,390,749
15,892,904
3/6/2025
Citibank
NA
5.73%
S&P
MidCap
400
®
1,406,403
27,204,095
11/7/2024
Goldman
Sachs
International
5.83%
S&P
MidCap
400
®
1,953,127
36,535,258
11/7/2024
Goldman
Sachs
International
5.60%
SPDR
®
S&P
MidCap
400
®
ETF
Trust
2,172,838
63,739,353
4,125,965
10,894,935
3/6/2024
Morgan
Stanley
&
Co.
International
plc
5.88%
S&P
MidCap
400
®
1,067,996
19,659,447
11/14/2024
Societe
Generale
5.85%
S&P
MidCap
400
®
1,232,252
14,690,385
11/7/2024
UBS
AG
5.68%
S&P
MidCap
400
®
803,237
167,011,430
13,147,649
Total
Unrealized
Appreciation
13,147,649
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
MSCI
BRAZIL
CAPPED
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
44
UBR
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
71
.4
%
Repurchase
Agreements
(a)
—
71
.4
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$3,427,453
(Cost
$3,426,948)
$
3,426,948
$
3,426,948
Total
Investments
—
71.4%
(Cost
$3,426,948)
3,426,948
Other
assets
less
liabilities
—
28.6%
1,375,213
Net
Assets
—
100.0%
$
4,802,161
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
Ultra
MSCI
Brazil
Capped
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
851,183
4/10/2025
Bank
of
America
NA
5.63%
iShares
®
MSCI
Brazil
Capped
ETF
46,402
2,626,441
11/14/2024
Citibank
NA
5.63%
iShares
®
MSCI
Brazil
Capped
ETF
(
22,291
)
2,037,227
11/14/2024
Goldman
Sachs
International
4.33%
iShares
®
MSCI
Brazil
Capped
ETF
(
36,419
)
112,611
11/14/2024
Morgan
Stanley
&
Co.
International
plc
5.78%
iShares
®
MSCI
Brazil
Capped
ETF
20,143
2,028,127
11/14/2024
Societe
Generale
5.53%
iShares
®
MSCI
Brazil
Capped
ETF
(
36,850
)
1,948,503
11/14/2024
UBS
AG
5.33%
iShares
®
MSCI
Brazil
Capped
ETF
(
48,164
)
9,604,092
(
77,179
)
Total
Unrealized
Appreciation
66,545
Total
Unrealized
Depreciation
(
143,724
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
MSCI
EAFE
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
45
EFO
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
51
.0
%
Repurchase
Agreements
(a)
—
51
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$4,867,021
(Cost
$4,866,306)
$
4,866,306
$
4,866,306
Total
Investments
—
51.0%
(Cost
$4,866,306)
4,866,306
Other
assets
less
liabilities
—
49.0%
4,676,585
Net
Assets
—
100.0%
$
9,542,891
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
Ultra
MSCI
EAFE
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
6,150,109
4/10/2025
Bank
of
America
NA
5.63%
iShares
®
MSCI
EAFE
ETF
1,198,822
5,374,899
11/14/2024
Citibank
NA
5.73%
iShares
®
MSCI
EAFE
ETF
189,546
1,641,482
3/6/2025
Goldman
Sachs
International
5.93%
iShares
®
MSCI
EAFE
ETF
173,386
3,054
11/14/2024
Morgan
Stanley
&
Co.
International
plc
5.78%
iShares
®
MSCI
EAFE
ETF
320
1,574,296
11/14/2024
Societe
Generale
6.03%
iShares
®
MSCI
EAFE
ETF
189,525
4,313,662
3/6/2025
UBS
AG
5.53%
iShares
®
MSCI
EAFE
ETF
244,263
19,057,502
1,995,862
Total
Unrealized
Appreciation
1,995,862
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
MSCI
EMERGING
MARKETS
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
46
EET
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
77
.9
%
Repurchase
Agreements
(a)
—
77
.9
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$11,534,515
(Cost
$11,532,820)
$
11,532,820
$
11,532,820
Total
Investments
—
77.9%
(Cost
$11,532,820)
11,532,820
Other
assets
less
liabilities
—
22.1%
3,272,714
Net
Assets
—
100.0%
$
14,805,534
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
Ultra
MSCI
Emerging
Markets
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
4,054,306
3/6/2025
Bank
of
America
NA
5.58%
iShares
®
MSCI
Emerging
Markets
ETF
(
308,705
)
2,446,115
11/14/2024
Citibank
NA
5.48%
iShares
®
MSCI
Emerging
Markets
ETF
(
131,373
)
3,745,158
3/6/2025
Goldman
Sachs
International
5.63%
iShares
®
MSCI
Emerging
Markets
ETF
(
492,060
)
102,008
11/14/2024
Morgan
Stanley
&
Co.
International
plc
5.78%
iShares
®
MSCI
Emerging
Markets
ETF
(
986
)
10,941,941
11/14/2024
Societe
Generale
5.28%
iShares
®
MSCI
Emerging
Markets
ETF
(
106,825
)
8,323,036
11/14/2024
UBS
AG
5.13%
iShares
®
MSCI
Emerging
Markets
ETF
(
245,860
)
29,612,564
(
1,285,809
)
Total
Unrealized
Depreciation
(
1,285,809
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
MSCI
JAPAN
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
47
EZJ
::
Investments
Shares
Value
Exchange
Traded
Funds
—
36
.5
%
iShares
MSCI
Japan
ETF
(Cost
$2,509,826)
46,250
$
3,196,800
Principal
Amount
Short-Term
Investments
—
23
.2
%
Repurchase
Agreements
(a)
—
23
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$2,023,046
(Cost
$2,022,748)
$
2,022,748
2,022,748
Total
Investments
—
59.7%
(Cost
$4,532,574)
5,219,548
Other
assets
less
liabilities
—
40.3%
3,517,498
Net
Assets
—
100.0%
$
8,737,046
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
Ultra
MSCI
Japan
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
2,618,469
3/6/2025
Bank
of
America
NA
5.68%
iShares
®
MSCI
Japan
ETF
187,045
2,454,034
4/10/2025
Citibank
NA
5.83%
iShares
®
MSCI
Japan
ETF
486,578
951,499
3/6/2025
Goldman
Sachs
International
5.83%
iShares
®
MSCI
Japan
ETF
112,404
206,639
11/14/2024
Morgan
Stanley
&
Co.
International
plc
5.78%
iShares
®
MSCI
Japan
ETF
26,895
3,256,561
11/14/2024
Societe
Generale
5.68%
iShares
®
MSCI
Japan
ETF
5,190
4,770,424
11/14/2024
UBS
AG
5.33%
iShares
®
MSCI
Japan
ETF
387,455
14,257,626
1,205,567
Total
Unrealized
Appreciation
1,205,567
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
NASDAQ
BIOTECHNOLOGY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
48
BIB
::
Investments
Shares
Value
Common
Stocks
—
72
.1
%
Biotechnology
—
58.5%
4D
Molecular
Therapeutics,
Inc.*
3,063
$
85,825
89bio,
Inc.*
6,677
76,585
AC
Immune
SA*
5,991
21,687
ACADIA
Pharmaceuticals,
Inc.*
11,763
273,372
ACELYRIN,
Inc.*
6,975
58,939
ADMA
Biologics,
Inc.*
16,190
86,778
Agios
Pharmaceuticals,
Inc.*
4,004
129,409
Akero
Therapeutics,
Inc.*
3,990
107,690
Alector,
Inc.*
6,807
47,445
Alkermes
plc*
11,957
355,003
Allogene
Therapeutics,
Inc.*
12,056
59,195
Alnylam
Pharmaceuticals,
Inc.*
8,990
1,358,299
Alpine
Immune
Sciences,
Inc.*
4,695
165,358
ALX
Oncology
Holdings,
Inc.*
3,569
52,357
Amarin
Corp.
plc,
ADR*(a)
27,623
29,557
Ambrx
Biopharma,
Inc.*
4,525
126,428
Amgen,
Inc.
19,083
5,225,498
Amicus
Therapeutics,
Inc.*
21,011
269,361
AnaptysBio,
Inc.*
1,904
48,609
Anavex
Life
Sciences
Corp.*(a)
5,880
30,223
Apellis
Pharmaceuticals,
Inc.*
8,490
526,125
Apogee
Therapeutics,
Inc.*(a)
3,440
119,781
Arbutus
Biopharma
Corp.*
12,014
33,639
Arcellx,
Inc.*
3,488
229,580
Arcturus
Therapeutics
Holdings,
Inc.*
1,914
74,187
Arcutis
Biotherapeutics,
Inc.*(a)
6,762
69,513
Ardelyx,
Inc.*
16,632
155,010
Argenx
SE,
ADR*
2,301
874,403
Arrowhead
Pharmaceuticals,
Inc.*
8,820
283,122
ARS
Pharmaceuticals,
Inc.*
6,879
57,577
Ascendis
Pharma
A/S,
ADR*
4,108
606,998
Aurinia
Pharmaceuticals,
Inc.*
10,289
58,853
Autolus
Therapeutics
plc,
ADR*(a)
10,070
60,420
Avidity
Biosciences,
Inc.*
5,310
97,173
Beam
Therapeutics,
Inc.*
5,842
230,701
BeiGene
Ltd.,
ADR*
3,011
498,772
Bicycle
Therapeutics
plc,
ADR*(a)
2,477
62,148
BioCryst
Pharmaceuticals,
Inc.*
14,674
82,615
Biogen,
Inc.*
10,381
2,252,573
BioMarin
Pharmaceutical,
Inc.*
13,496
1,164,435
Biomea
Fusion,
Inc.*(a)
2,558
44,765
BioNTech
SE,
ADR*
6,894
613,290
Bluebird
Bio,
Inc.*
13,639
18,958
Blueprint
Medicines
Corp.*
4,355
407,280
Bridgebio
Pharma,
Inc.*
12,464
425,646
Cabaletta
Bio,
Inc.*
3,069
70,219
Caribou
Biosciences,
Inc.*
6,335
50,110
Centessa
Pharmaceuticals
plc,
ADR*(a)
3,957
41,588
Cogent
Biosciences,
Inc.*
6,171
43,197
Coherus
Biosciences,
Inc.*
7,979
18,192
Crinetics
Pharmaceuticals,
Inc.*
4,785
195,898
CRISPR
Therapeutics
AG*
5,691
479,296
Cullinan
Oncology,
Inc.*
3,065
56,611
Investments
Shares
Value
Common
Stocks
(continued)
CureVac
NV*(a)
16,037
$
54,847
Cytokinetics,
Inc.*
7,025
507,486
Day
One
Biopharmaceuticals,
Inc.*
6,236
104,328
Deciphera
Pharmaceuticals,
Inc.*
5,741
95,817
Denali
Therapeutics,
Inc.*
9,901
195,842
Disc
Medicine,
Inc.*
1,729
118,730
Dynavax
Technologies
Corp.*
9,261
117,337
Dyne
Therapeutics,
Inc.*
5,627
151,366
Editas
Medicine,
Inc.*
5,852
58,871
Erasca,
Inc.*
10,825
25,763
Exelixis,
Inc.*
22,280
487,932
Exscientia
plc,
ADR*(a)
3,247
21,593
Fusion
Pharmaceuticals,
Inc.*
5,188
62,048
Galapagos
NV,
ADR*
1,396
49,014
Genmab
A/S,
ADR*
3,004
83,421
Geron
Corp.*
38,909
77,818
Gilead
Sciences,
Inc.
67,180
4,843,678
Grifols
SA,
ADR*
8,740
65,637
Halozyme
Therapeutics,
Inc.*
9,463
376,722
Humacyte,
Inc.*
7,420
32,277
Ideaya
Biosciences,
Inc.*
4,618
206,425
ImmunityBio,
Inc.*(a)
47,838
226,274
Immunocore
Holdings
plc,
ADR*
2,415
162,336
Immunovant,
Inc.*
10,365
366,610
Incyte
Corp.*
16,056
937,028
Inhibrx,
Inc.*
3,389
124,139
Insmed,
Inc.*
10,250
284,130
Intellia
Therapeutics,
Inc.*
6,423
206,307
Ionis
Pharmaceuticals,
Inc.*
10,278
464,668
Iovance
Biotherapeutics,
Inc.*
18,335
291,710
Ironwood
Pharmaceuticals,
Inc.,
Class
a
A*
11,186
105,484
iTeos
Therapeutics,
Inc.*
2,565
27,471
Janux
Therapeutics,
Inc.*(a)
3,307
159,993
KalVista
Pharmaceuticals,
Inc.*
2,978
40,650
Karuna
Therapeutics,
Inc.*
2,702
848,347
Keros
Therapeutics,
Inc.*
2,435
164,362
Kiniksa
Pharmaceuticals
Ltd.,
Class
a
A*
2,536
53,611
Krystal
Biotech,
Inc.*
2,020
322,129
Kura
Oncology,
Inc.*
5,322
112,188
Kymera
Therapeutics,
Inc.*
3,976
169,775
Legend
Biotech
Corp.,
ADR*
5,708
371,933
Lexicon
Pharmaceuticals,
Inc.*(a)
17,549
43,697
Lyell
Immunopharma,
Inc.*
18,047
52,697
MacroGenics,
Inc.*
4,444
79,725
Madrigal
Pharmaceuticals,
Inc.*
1,414
333,987
MannKind
Corp.*
19,314
79,381
MeiraGTx
Holdings
plc*
4,557
28,117
Merus
NV*
4,136
200,513
Mineralys
Therapeutics,
Inc.*(a)
2,946
45,309
Mirum
Pharmaceuticals,
Inc.*
3,340
95,891
Moderna,
Inc.*
27,316
2,519,628
Morphic
Holding,
Inc.*
3,564
131,690
Myriad
Genetics,
Inc.*
6,353
132,968
Neurocrine
Biosciences,
Inc.*
7,039
917,886
Novavax,
Inc.*(a)
8,501
41,995
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
NASDAQ
BIOTECHNOLOGY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
49
BIB
::
Investments
Shares
Value
Common
Stocks
(continued)
Nurix
Therapeutics,
Inc.*
3,479
$
42,966
Nuvalent,
Inc.,
Class
a
A*
4,097
344,640
Olema
Pharmaceuticals,
Inc.*
3,924
48,658
ORIC
Pharmaceuticals,
Inc.*
4,827
61,496
Ovid
therapeutics,
Inc.*
5,064
17,218
Precigen,
Inc.*(a)
17,836
27,467
Prime
Medicine,
Inc.*
6,974
60,186
Protagonist
Therapeutics,
Inc.*
4,132
125,530
Prothena
Corp.
plc*
3,844
106,056
PTC
Therapeutics,
Inc.*
5,406
152,395
RAPT
Therapeutics,
Inc.*(a)
2,465
21,125
Recursion
Pharmaceuticals,
Inc.,
Class
a
A*
14,923
200,864
Regeneron
Pharmaceuticals,
Inc.*
6,247
6,035,164
REGENXBIO,
Inc.*
3,152
54,971
Relay
Therapeutics,
Inc.*
8,833
88,507
Reneo
Pharmaceuticals,
Inc.*(a)
2,389
3,942
Replimune
Group,
Inc.*
4,232
36,311
REVOLUTION
Medicines,
Inc.*
11,735
345,948
Rhythm
Pharmaceuticals,
Inc.*
4,234
183,840
Rocket
Pharmaceuticals,
Inc.*
6,460
189,278
Roivant
Sciences
Ltd.*
57,596
658,898
Sage
Therapeutics,
Inc.*
4,296
92,278
Sana
Biotechnology,
Inc.*
15,673
157,357
Sarepta
Therapeutics,
Inc.*
6,703
857,314
Savara,
Inc.*
9,696
48,965
Scholar
Rock
Holding
Corp.*
5,170
80,135
SpringWorks
Therapeutics,
Inc.*
5,163
254,329
Summit
Therapeutics,
Inc.*(a)
50,212
227,962
Syndax
Pharmaceuticals,
Inc.*
5,879
137,804
Tango
Therapeutics,
Inc.*(a)
7,307
81,327
Taysha
Gene
Therapies,
Inc.*(a)
13,395
42,328
Tourmaline
Bio,
Inc.
1,838
71,351
Travere
Therapeutics,
Inc.*
5,384
40,703
Twist
Bioscience
Corp.*
4,132
162,346
Ultragenyx
Pharmaceutical,
Inc.*
5,883
304,269
uniQure
NV*
3,426
19,700
United
Therapeutics
Corp.*
3,367
759,730
UroGen
Pharma
Ltd.*
2,211
40,528
Vanda
Pharmaceuticals,
Inc.*(a)
4,122
18,425
Vaxcyte,
Inc.*
7,715
569,521
Vera
Therapeutics,
Inc.,
Class
a
A*(a)
3,761
177,068
Veracyte,
Inc.*
5,232
123,214
Vericel
Corp.*
3,419
156,180
Vertex
Pharmaceuticals,
Inc.*
14,503
6,101,992
Verve
Therapeutics,
Inc.*
5,463
93,144
Vir
Biotechnology,
Inc.*
9,637
108,320
Voyager
Therapeutics,
Inc.*
3,863
32,140
Xencor,
Inc.*
4,362
100,108
Xenon
Pharmaceuticals,
Inc.*
5,294
249,877
Y-mAbs
Therapeutics,
Inc.*
3,125
52,188
Zai
Lab
Ltd.,
ADR*(a)
3,595
75,423
Zentalis
Pharmaceuticals,
Inc.*
5,071
75,609
Zymeworks,
Inc.*
5,016
60,242
56,667,211
Health
Care
Equipment
&
Supplies
—
0.1%
Novocure
Ltd.*
7,655
117,198
Investments
Shares
Value
Common
Stocks
(continued)
Health
Care
Providers
&
Services
—
0.3%
23andMe
Holding
Co.,
Class
a
A*
22,324
$
12,725
Castle
Biosciences,
Inc.*
1,928
34,820
Guardant
Health,
Inc.*
8,454
160,626
PetIQ,
Inc.,
Class
a
A*
2,091
38,077
246,248
Life
Sciences
Tools
&
Services
—
3.3%
AbCellera
Biologics,
Inc.*(a)
20,789
104,984
Adaptive
Biotechnologies
Corp.*
10,372
42,629
Fortrea
Holdings,
Inc.*
6,362
238,830
Illumina,
Inc.*
11,376
1,590,706
Maravai
LifeSciences
Holdings,
Inc.,
Class
a
A*
9,471
73,211
MaxCyte,
Inc.*
7,421
34,137
Medpace
Holdings,
Inc.*
2,199
874,146
Nautilus
Biotechnology,
Inc.,
Class
a
A*
8,954
24,086
OmniAb,
Inc.*
8,320
48,589
Pacific
Biosciences
of
California,
Inc.*
19,161
105,960
3,137,278
Pharmaceuticals
—
9.9%
Aclaris
Therapeutics,
Inc.*
5,076
6,040
Amphastar
Pharmaceuticals,
Inc.*
3,432
159,828
Amylyx
Pharmaceuticals,
Inc.*
4,838
91,196
ANI
Pharmaceuticals,
Inc.*
1,464
99,069
Arvinas,
Inc.*
3,942
181,253
AstraZeneca
plc,
ADR
39,837
2,555,942
ATAI
Life
Sciences
NV*(a)
11,894
23,074
Atea
Pharmaceuticals,
Inc.*
5,978
25,765
Avadel
Pharmaceuticals
plc,
ADR*(a)
6,399
81,779
Axsome
Therapeutics,
Inc.*
3,392
276,041
Collegium
Pharmaceutical,
Inc.*
2,337
85,791
Cymabay
Therapeutics,
Inc.*
8,125
261,544
Edgewise
Therapeutics,
Inc.*
6,662
108,790
Enliven
Therapeutics,
Inc.*(a)
2,952
47,143
Evolus,
Inc.*
4,094
60,714
EyePoint
Pharmaceuticals,
Inc.*
3,499
95,208
Fulcrum
Therapeutics,
Inc.*
4,431
45,241
Harmony
Biosciences
Holdings,
Inc.*
4,196
134,692
Harrow,
Inc.*(a)
2,516
27,236
HUTCHMED
China
Ltd.,
ADR*(a)
2,223
33,590
Innoviva,
Inc.*
4,591
70,150
Intra-Cellular
Therapies,
Inc.*
6,894
479,271
Jazz
Pharmaceuticals
plc*
4,511
536,358
Ligand
Pharmaceuticals,
Inc.*
1,249
99,108
Marinus
Pharmaceuticals,
Inc.*
3,910
37,145
Ocular
Therapeutix,
Inc.*
7,897
79,444
Pacira
BioSciences,
Inc.*
3,327
98,878
Phathom
Pharmaceuticals,
Inc.*(a)
4,102
43,891
Phibro
Animal
Health
Corp.,
Class
a
A
1,458
18,852
Pliant
Therapeutics,
Inc.*
4,292
68,114
ULTRA
NASDAQ
BIOTECHNOLOGY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
50
BIB
::
Investments
Shares
Value
Common
Stocks
(continued)
Revance
Therapeutics,
Inc.*
6,292
$
44,925
Royalty
Pharma
plc,
Class
a
A
32,003
970,971
Sanofi
SA,
ADR
20,103
961,929
SIGA
Technologies,
Inc.
5,093
26,535
Structure
Therapeutics,
Inc.,
ADR*
2,689
109,093
Supernus
Pharmaceuticals,
Inc.*
3,914
116,246
Tarsus
Pharmaceuticals,
Inc.*
2,371
90,620
Terns
Pharmaceuticals,
Inc.*
4,428
32,413
Theravance
Biopharma,
Inc.*(a)
3,569
33,798
Third
Harmonic
Bio,
Inc.*
2,892
29,325
Ventyx
Biosciences,
Inc.*(a)
4,233
29,970
Verona
Pharma
plc,
ADR*
4,782
82,346
Viatris,
Inc.
85,950
1,063,202
WaVe
Life
Sciences
Ltd.*
8,530
41,029
Xeris
Biopharma
Holdings,
Inc.*(a)
9,896
30,430
9,593,979
Total
Common
Stocks
(Cost
$78,661,158)
69,761,914
Number
of
Rights
Rights
—
0
.0
%
(b)
Biotechnology
—
0.0%(b)
Achillion
Pharmaceuticals,
Inc.,
CVR*(c)(d)
25,307
11,641
Cartesian
Therapeutics,
Inc.,
expiring
5/3/2024*(c)(d)
9,785
1,762
Total
Rights
(Cost
13403)
13,403
Shares
Securities
Lending
Reinvestments
(e)
—
1
.5
%
Investment
Companies
—
1
.5
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
5.25%
(f)
(Cost
$1,464,072)
1,464,072
1,464,072
Principal
Amount
Short-Term
Investments
—
8
.7
%
Repurchase
Agreements
(g)
—
8
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$8,467,993
(Cost
$8,466,748)
$
8,466,748
8,466,748
Total
Investments
—
82.3%
(Cost
$88,605,381)
79,706,137
Other
assets
less
liabilities
—
17.7%
17,112,261
Net
Assets
—
100.0%
$
96,818,398
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
29,
2024.
The
total
value
of
securities
on
loan
at
February
29,
2024
was
$1,468,639,
collateralized
in
the
form
of
cash
with
a
value
of
$1,464,072
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$59,892
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.25%,
and
maturity
dates
ranging
from
March
28,
2024
–
February
15,
2053.
The
total
value
of
collateral
is
$1,523,964.
(b)
Represents
less
than
0.05%
of
net
assets.
(c)
Security
fair
valued
as
of
February
29,
2024
in
accordance
with
procedures
approved
by
the
Board
of
Trustees.
Total
value
of
all
such
securities
at
February
29,
2024
amounted
to
$13,403,
which
represents
approximately
0.01%
of
net
assets
of
the
Fund.
(d)
Illiquid
security.
(e)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
29,
2024.
The
total
value
of
securities
purchased
was
$1,464,072.
(f)
Rate
shown
is
the
7-day
yield
as
of
February
29,
2024.
(g)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
ADR
American
Depositary
Receipt
CVR
Contingent
Value
Rights
-
No
defined
expiration
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
NASDAQ
BIOTECHNOLOGY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
51
BIB
::
Swap
Agreements
Ultra
Nasdaq
Biotechnology
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
14,764,819
3/6/2025
Bank
of
America
NA
5.48%
Nasdaq
Biotechnology
Index
®
(
1,350,336
)
50,397,013
11/6/2025
BNP
Paribas
SA
5.63%
Nasdaq
Biotechnology
Index
®
2,472,286
4,614,559
3/6/2025
Citibank
NA
5.48%
Nasdaq
Biotechnology
Index
®
(
64,543
)
5,850,128
11/7/2024
Goldman
Sachs
International
5.93%
Nasdaq
Biotechnology
Index
®
59,198
3,024,706
3/6/2024
Morgan
Stanley
&
Co.
International
plc
5.78%
Nasdaq
Biotechnology
Index
®
27,858
22,829,227
11/14/2024
Societe
Generale
5.88%
Nasdaq
Biotechnology
Index
®
899,412
22,891,227
11/7/2024
UBS
AG
5.33%
Nasdaq
Biotechnology
Index
®
554,010
124,371,679
2,597,885
Total
Unrealized
Appreciation
4,012,764
Total
Unrealized
Depreciation
(
1,414,879
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
NASDAQ
CLOUD
COMPUTING
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
52
SKYU
::
Investments
Shares
Value
Common
Stocks
—
79
.8
%
Broadline
Retail
—
3.2%
Amazon.com,
Inc.*
653
$
115,424
Communications
Equipment
—
5.1%
Arista
Networks,
Inc.*
434
120,453
Cisco
Systems,
Inc.
1,314
63,558
184,011
Diversified
Telecommunication
Services
—
1.0%
Lumen
Technologies,
Inc.*
22,107
35,813
Entertainment
—
0.3%
Eventbrite,
Inc.,
Class
a
A*
1,990
11,144
Financial
Services
—
0.7%
Toast,
Inc.,
Class
a
A*
1,069
24,587
Health
Care
Technology
—
0.6%
Veeva
Systems,
Inc.,
Class
a
A*
91
20,521
Interactive
Media
&
Services
—
2.8%
Alphabet,
Inc.,
Class
a
A*
720
99,691
IT
Services
—
16.7%
Akamai
Technologies,
Inc.*
550
61,006
Cloudflare,
Inc.,
Class
a
A*
824
81,197
DigitalOcean
Holdings,
Inc.*
1,408
53,391
Fastly,
Inc.,
Class
a
A*
2,602
37,001
International
Business
Machines
Corp.
602
111,388
MongoDB,
Inc.,
Class
a
A*
191
85,488
Shopify,
Inc.,
Class
a
A*
655
50,022
Snowflake,
Inc.,
Class
a
A*
85
16,004
Squarespace,
Inc.,
Class
a
A*
567
18,870
Twilio,
Inc.,
Class
a
A*
737
43,918
Wix.com
Ltd.*
313
43,876
602,161
Media
—
0.5%
Trade
Desk,
Inc.
(The),
Class
a
A*
226
19,307
Professional
Services
—
0.9%
Paycom
Software,
Inc.
88
16,050
Paylocity
Holding
Corp.*
101
17,030
33,080
Software
—
39.7%
Adobe,
Inc.*
78
43,702
Appfolio,
Inc.,
Class
a
A*
84
20,335
Appian
Corp.,
Class
a
A*
877
30,563
AppLovin
Corp.,
Class
a
A*
1,272
75,964
Asana,
Inc.,
Class
a
A*
757
14,913
Atlassian
Corp.,
Class
a
A*
250
51,855
Blackbaud,
Inc.*
211
14,597
BlackLine,
Inc.*
275
15,601
Investments
Shares
Value
Common
Stocks
(continued)
Box,
Inc.,
Class
a
A*
607
$
15,654
Confluent,
Inc.,
Class
a
A*
2,247
76,106
Crowdstrike
Holdings,
Inc.,
Class
a
A*
67
21,718
Datadog,
Inc.,
Class
a
A*
136
17,879
DocuSign,
Inc.,
Class
a
A*
369
19,657
Dropbox,
Inc.,
Class
a
A*
564
13,508
Elastic
NV*
198
26,494
Everbridge,
Inc.*
781
22,079
Gitlab,
Inc.,
Class
a
A*
987
71,182
HashiCorp,
Inc.,
Class
a
A*
2,226
58,032
HubSpot,
Inc.*
97
60,025
Intuit,
Inc.
28
18,561
Microsoft
Corp.
252
104,237
Nutanix,
Inc.,
Class
a
A*
2,213
139,773
Open
Text
Corp.
396
15,242
Oracle
Corp.
821
91,689
Palo
Alto
Networks,
Inc.*
54
16,770
Q2
Holdings,
Inc.*
448
20,711
Qualys,
Inc.*
86
14,780
RingCentral,
Inc.,
Class
a
A*
1,478
49,395
Salesforce,
Inc.*
189
58,367
SAP
SE,
ADR
200
37,574
ServiceNow,
Inc.*
70
53,994
Smartsheet,
Inc.,
Class
a
A*
375
15,829
Sprout
Social,
Inc.,
Class
a
A*
279
17,248
Workday,
Inc.,
Class
a
A*
59
17,385
Workiva,
Inc.,
Class
a
A*
496
42,715
Zoom
Video
Communications,
Inc.,
Class
a
A*
234
16,551
Zscaler,
Inc.*
80
19,358
Zuora,
Inc.,
Class
a
A*
1,743
14,083
1,434,126
Technology
Hardware,
Storage
&
Peripherals
—
8.3%
Dell
Technologies,
Inc.,
Class
a
C
629
59,541
Hewlett
Packard
Enterprise
Co.
2,820
42,948
NetApp,
Inc.
522
46,521
Pure
Storage,
Inc.,
Class
a
A*
2,863
150,737
299,747
Total
Common
Stocks
(Cost
$2,428,543)
2,879,612
Principal
Amount
Short-Term
Investments
—
12
.7
%
Repurchase
Agreements
(a)
—
12
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$457,320
(Cost
$457,253)
$
457,253
457,253
Total
Investments
—
92.5%
(Cost
$2,885,796)
3,336,865
Other
assets
less
liabilities
—
7.5%
272,337
Net
Assets
—
100.0%
$
3,609,202
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
NASDAQ
CLOUD
COMPUTING
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
53
SKYU
::
*
Non-income
producing
security.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
ADR
American
Depositary
Receipt
Swap
Agreements
Ultra
Nasdaq
Cloud
Computing
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
2,486,464
11/6/2025
Bank
of
America
NA
5.43%
ISE
Cloud
Computing
Index
(
4,416
)
1,311,159
3/6/2026
BNP
Paribas
SA
5.88%
ISE
Cloud
Computing
Index
(
12,018
)
245,382
11/7/2024
Goldman
Sachs
International
5.93%
ISE
Cloud
Computing
Index
23,446
295,932
3/6/2024
UBS
AG
5.88%
ISE
Cloud
Computing
Index
46,245
4,338,937
53,257
Total
Unrealized
Appreciation
69,691
Total
Unrealized
Depreciation
(
16,434
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
NASDAQ
CYBERSECURITY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
54
UCYB
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
65
.8
%
Repurchase
Agreements
(a)
—
65
.8
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$3,194,752
(Cost
$3,194,280)
$
3,194,280
$
3,194,280
Total
Investments
—
65.8%
(Cost
$3,194,280)
3,194,280
Other
assets
less
liabilities
—
34.2%
1,660,662
Net
Assets
—
100.0%
$
4,854,942
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
Ultra
Nasdaq
Cybersecurity
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
5,053,320
5/6/2025
Bank
of
America
NA
5.58%
First
Trust
Nasdaq
Cybersecurity
ETF
169,836
2,023,903
11/6/2025
BNP
Paribas
SA
5.93%
First
Trust
Nasdaq
Cybersecurity
ETF
395,742
598,673
11/7/2024
Goldman
Sachs
International
5.93%
First
Trust
Nasdaq
Cybersecurity
ETF
147,044
2,045,790
3/6/2024
UBS
AG
5.83%
First
Trust
Nasdaq
Cybersecurity
ETF
65,776
9,721,686
778,398
Total
Unrealized
Appreciation
778,398
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
QQQ
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
55
QLD
::
Investments
Shares
Value
Common
Stocks
—
64
.6
%
Automobiles
—
1.8%
Tesla,
Inc.*
550,401
$
111,114,954
Beverages
—
1.7%
Coca-Cola
Europacific
Partners
plc
134,935
9,260,589
Keurig
Dr
Pepper,
Inc.
413,101
12,355,851
Monster
Beverage
Corp.*
307,398
18,167,222
PepsiCo,
Inc.
406,174
67,156,809
106,940,471
Biotechnology
—
2.5%
Amgen,
Inc.
158,101
43,292,797
Biogen,
Inc.*
42,841
9,296,069
Gilead
Sciences,
Inc.
368,137
26,542,678
Moderna,
Inc.*
112,652
10,391,020
Regeneron
Pharmaceuticals,
Inc.*
31,661
30,587,375
Vertex
Pharmaceuticals,
Inc.*
76,147
32,038,089
152,148,028
Broadline
Retail
—
4.2%
Amazon.com,
Inc.*
1,182,157
208,958,072
MercadoLibre,
Inc.*
14,951
23,851,330
PDD
Holdings,
Inc.,
ADR*
197,341
24,576,848
257,386,250
Commercial
Services
&
Supplies
—
0.5%
Cintas
Corp.
30,119
18,933,105
Copart,
Inc.*
283,721
15,079,771
34,012,876
Communications
Equipment
—
0.9%
Cisco
Systems,
Inc.
1,200,507
58,068,524
Consumer
Staples
Distribution
&
Retail
—
1.8%
Costco
Wholesale
Corp.
130,786
97,290,397
Dollar
Tree,
Inc.*
64,366
9,441,205
Walgreens
Boots
Alliance,
Inc.
255,211
5,425,786
112,157,388
Electric
Utilities
—
0.8%
American
Electric
Power
Co.,
Inc.
155,412
13,239,549
Constellation
Energy
Corp.
94,336
15,890,899
Exelon
Corp.
294,136
10,541,834
Xcel
Energy,
Inc.
163,046
8,590,894
48,263,176
Electronic
Equipment,
Instruments
&
Components
—
0.2%
CDW
Corp.
39,579
9,744,746
Energy
Equipment
&
Services
—
0.1%
Baker
Hughes
Co.,
Class
a
A
297,306
8,797,285
Investments
Shares
Value
Common
Stocks
(continued)
Entertainment
—
1.7%
Electronic
Arts,
Inc.
79,477
$
11,085,452
Netflix,
Inc.*
129,309
77,962,982
Take-Two
Interactive
Software,
Inc.*
50,248
7,382,939
Warner
Bros
Discovery,
Inc.*
720,147
6,330,092
102,761,465
Financial
Services
—
0.3%
PayPal
Holdings,
Inc.*
318,492
19,217,807
Food
Products
—
0.7%
Kraft
Heinz
Co.
(The)
362,385
12,784,943
Mondelez
International,
Inc.,
Class
a
A
402,093
29,380,935
42,165,878
Ground
Transportation
—
0.6%
CSX
Corp.
583,813
22,149,865
Old
Dominion
Freight
Line,
Inc.
32,213
14,253,608
36,403,473
Health
Care
Equipment
&
Supplies
—
1.3%
Dexcom,
Inc.*
114,140
13,134,090
GE
HealthCare
Technologies,
Inc.
134,523
12,279,259
IDEXX
Laboratories,
Inc.*
24,520
14,104,640
Intuitive
Surgical,
Inc.*
104,052
40,122,451
79,640,440
Hotels,
Restaurants
&
Leisure
—
2.0%
Airbnb,
Inc.,
Class
a
A*
128,448
20,226,706
Booking
Holdings,
Inc.*
10,340
35,867,702
DoorDash,
Inc.,
Class
a
A*
109,545
13,646,021
Marriott
International,
Inc.,
Class
a
A
86,762
21,679,221
Starbucks
Corp.
335,854
31,872,545
123,292,195
Industrial
Conglomerates
—
0.6%
Honeywell
International,
Inc.
194,795
38,711,610
Interactive
Media
&
Services
—
6.2%
Alphabet,
Inc.,
Class
a
A*
676,942
93,729,389
Alphabet,
Inc.,
Class
a
C*
654,846
91,534,374
Meta
Platforms,
Inc.,
Class
a
A
403,938
197,982,132
383,245,895
IT
Services
—
0.3%
Cognizant
Technology
Solutions
Corp.,
Class
a
A
148,127
11,704,995
MongoDB,
Inc.,
Class
a
A*
21,096
9,442,148
21,147,143
Life
Sciences
Tools
&
Services
—
0.1%
Illumina,
Inc.*
46,884
6,555,790
ULTRA
QQQ
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
56
QLD
::
Investments
Shares
Value
Common
Stocks
(continued)
Machinery
—
0.3%
PACCAR,
Inc.
154,517
$
17,134,390
Media
—
1.3%
Charter
Communications,
Inc.,
Class
a
A*
43,725
12,852,089
Comcast
Corp.,
Class
a
A
1,186,429
50,838,483
Sirius
XM
Holdings,
Inc.(a)
1,134,219
5,013,248
Trade
Desk,
Inc.
(The),
Class
a
A*
131,810
11,260,528
79,964,348
Oil,
Gas
&
Consumable
Fuels
—
0.2%
Diamondback
Energy,
Inc.
52,856
9,647,277
Pharmaceuticals
—
0.2%
AstraZeneca
plc,
ADR
172,053
11,038,921
Professional
Services
—
0.9%
Automatic
Data
Processing,
Inc.
121,523
30,518,071
Paychex,
Inc.
106,731
13,087,355
Verisk
Analytics,
Inc.,
Class
a
A
42,868
10,369,769
53,975,195
Real
Estate
Management
&
Development
—
0.2%
CoStar
Group,
Inc.*
120,672
10,502,084
Semiconductors
&
Semiconductor
Equipment
—
14.8%
Advanced
Micro
Devices,
Inc.*
477,111
91,858,181
Analog
Devices,
Inc.
146,578
28,116,592
Applied
Materials,
Inc.
247,181
49,836,633
ASML
Holding
NV
(Registered),
NYRS
25,954
24,699,903
Broadcom,
Inc.
137,914
179,355,778
GLOBALFOUNDRIES,
Inc.*(a)
161,823
8,846,863
Intel
Corp.
1,245,625
53,624,156
KLA
Corp.
40,151
27,395,027
Lam
Research
Corp.
38,969
36,562,664
Marvell
Technology,
Inc.
254,877
18,264,486
Microchip
Technology,
Inc.
159,841
13,449,022
Micron
Technology,
Inc.
326,128
29,550,458
NVIDIA
Corp.
282,564
223,542,032
NXP
Semiconductors
NV
76,174
19,022,933
ON
Semiconductor
Corp.*
127,239
10,041,702
QUALCOMM,
Inc.
328,853
51,889,715
Texas
Instruments,
Inc.
268,131
44,866,360
910,922,505
Software
—
11.3%
Adobe,
Inc.*
134,543
75,381,752
ANSYS,
Inc.*
25,662
8,575,471
Atlassian
Corp.,
Class
a
A*
45,834
9,506,888
Autodesk,
Inc.*
63,159
16,305,759
Cadence
Design
Systems,
Inc.*
80,404
24,473,370
Crowdstrike
Holdings,
Inc.,
Class
a
A*
67,253
21,800,060
Datadog,
Inc.,
Class
a
A*
89,311
11,740,824
Investments
Shares
Value
Common
Stocks
(continued)
Fortinet,
Inc.*
226,850
$
15,677,604
Intuit,
Inc.
82,704
54,823,655
Microsoft
Corp.
850,132
351,648,600
Palo
Alto
Networks,
Inc.*
93,174
28,935,186
Roper
Technologies,
Inc.
31,562
17,192,768
Splunk,
Inc.*
49,806
7,780,693
Synopsys,
Inc.*
44,895
25,757,608
Workday,
Inc.,
Class
a
A*
61,717
18,185,531
Zscaler,
Inc.*
43,854
10,611,352
698,397,121
Specialty
Retail
—
0.5%
O'Reilly
Automotive,
Inc.*
17,461
18,987,441
Ross
Stores,
Inc.
100,051
14,903,597
33,891,038
Technology
Hardware,
Storage
&
Peripherals
—
5.2%
Apple,
Inc.
1,778,838
321,524,969
Textiles,
Apparel
&
Luxury
Goods
—
0.3%
Lululemon
Athletica,
Inc.*
35,893
16,765,261
Trading
Companies
&
Distributors
—
0.2%
Fastenal
Co.
168,835
12,326,643
Wireless
Telecommunication
Services
—
0.9%
T-Mobile
US,
Inc.
341,698
55,799,283
Total
Common
Stocks
(Cost
$3,593,285,991)
3,983,664,429
Securities
Lending
Reinvestments
(b)
—
0
.2
%
Investment
Companies
—
0
.2
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
5.25%
(c)
(Cost
$12,331,528)
12,331,528
12,331,528
Principal
Amount
Short-Term
Investments
—
10
.4
%
Repurchase
Agreements
(d)
—
1
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$89,824,890
(Cost
$89,811,677)
$
89,811,677
89,811,677
U.S.
Treasury
Obligations
(e)
—
8
.9
%
U.S.
Treasury
Bills
5.28%,
3/7/2024
(f)
100,000,000
99,912,354
5.27%,
3/12/2024
(f)
50,000,000
49,919,425
5.46%,
3/28/2024
(f)
75,000,000
74,703,281
5.32%,
4/25/2024
(f)
50,000,000
49,596,629
5.31%,
5/2/2024
(f)
40,000,000
39,637,266
5.39%,
5/9/2024
(f)
45,000,000
44,547,403
5.30%,
6/18/2024
(f)
100,000,000
98,413,293
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
QQQ
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
57
QLD
::
Investments
Principal
Amount
Value
U.S.
Treasury
Obligations
(e)
(continued)
5.25%,
8/8/2024
(f)
$
100,000,000
$
97,721,556
Total
U.S.
Treasury
Obligations
(Cost
$554,473,893)
554,451,207
Total
Short-Term
Investments
(Cost
$644,285,570)
644,262,884
Total
Investments
—
75.2%
(Cost
$4,249,903,089)
4,640,258,841
Other
assets
less
liabilities
—
24.8%
1,527,667,129
Net
Assets
—
100.0%
$
6,167,925,970
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
29,
2024.
The
total
value
of
securities
on
loan
at
February
29,
2024
was
$12,218,787,
collateralized
in
the
form
of
cash
with
a
value
of
$12,331,528
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$74,761
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
4.38%,
and
maturity
dates
ranging
from
March
31,
2025
–
November
15,
2052.
The
total
value
of
collateral
is
$12,406,289.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
29,
2024.
The
total
value
of
securities
purchased
was
$12,331,528.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
29,
2024.
(d)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(e)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$351,941,931.
(f)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Abbreviations
ADR
American
Depositary
Receipt
NYRS
New
York
Registry
Shares
Futures
Contracts
Purchased
Ultra
QQQ
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
Nasdaq
100
E-Mini
Index
650
3/15/2024
U.S.
Dollar
$
235,075,750
$
21,093,240
Swap
Agreements
Ultra
QQQ
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
859,284,225
3/6/2025
Bank
of
America
NA
5.98%
Nasdaq-100
Index
®
81,982,982
898,818,300
11/6/2025
Barclays
Capital
5.93%
Nasdaq-100
Index
®
112,177,349
438,483,599
2/11/2025
BNP
Paribas
SA
6.08%
Nasdaq-100
Index
®
135,886,085
712,425,329
3/6/2025
Citibank
NA
6.08%
Nasdaq-100
Index
®
101,994,844
478,595,077
1/26/2026
Goldman
Sachs
International
5.93%
Nasdaq-100
Index
®
7,179,056
1,243,066,496
1/26/2026
Goldman
Sachs
International
5.73%
PowerShares
QQQ
Trust
SM
,
Series
1
24,833,148
1,721,661,573
32,012,204
564,465,760
4/7/2025
J.P.
Morgan
Securities
5.93%
Nasdaq-100
Index
®
55,446,021
525,202,342
3/6/2024
Morgan
Stanley
&
Co.
International
plc
5.88%
Nasdaq-100
Index
®
128,643,996
968,051,723
3/6/2024
Morgan
Stanley
&
Co.
International
plc
5.88%
PowerShares
QQQ
Trust
SM
,
Series
1
191,401,519
1,493,254,065
320,045,515
813,416,758
4/8/2024
Societe
Generale
6.28%
Nasdaq-100
Index
®
157,303,381
615,439,636
11/7/2024
UBS
AG
6.13%
Nasdaq-100
Index
®
177,164,193
8,117,249,245
1,174,012,574
Total
Unrealized
Appreciation
1,174,012,574
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
REAL
ESTATE
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
58
URE
::
Investments
Shares
Value
Common
Stocks
—
70
.9
%
Health
Care
REITs
—
5.7%
Healthpeak
Properties,
Inc.,
REIT
31,873
$
533,873
Ventas,
Inc.,
REIT
18,167
768,283
Welltower,
Inc.,
REIT
24,990
2,303,078
3,605,234
Hotel
&
Resort
REITs
—
1.0%
Host
Hotels
&
Resorts,
Inc.,
REIT
31,851
660,590
Industrial
REITs
—
8.8%
Prologis,
Inc.,
REIT
41,719
5,559,891
Office
REITs
—
2.1%
Alexandria
Real
Estate
Equities,
Inc.,
REIT
7,062
880,843
Boston
Properties,
Inc.,
REIT
6,519
421,910
1,302,753
Real
Estate
Management
&
Development
—
4.5%
CBRE
Group,
Inc.,
Class
a
A*
13,762
1,264,590
CoStar
Group,
Inc.*
18,439
1,604,746
2,869,336
Residential
REITs
—
8.3%
AvalonBay
Communities,
Inc.,
REIT
6,412
1,135,116
Camden
Property
Trust,
REIT
4,821
455,488
Equity
Residential,
REIT
15,603
939,457
Essex
Property
Trust,
Inc.,
REIT
2,898
670,597
Invitation
Homes,
Inc.,
REIT
25,969
884,764
Mid-America
Apartment
Communities,
Inc.,
REIT
5,270
662,334
UDR,
Inc.,
REIT
13,663
485,036
5,232,792
Retail
REITs
—
8.7%
Federal
Realty
Investment
Trust,
REIT
3,317
334,520
Kimco
Realty
Corp.,
REIT
30,024
593,274
Realty
Income
Corp.,
REIT
37,549
1,956,678
Regency
Centers
Corp.,
REIT
7,418
459,545
Simon
Property
Group,
Inc.,
REIT
14,731
2,182,250
5,526,267
Specialized
REITs
—
31.8%
American
Tower
Corp.,
REIT
21,048
4,185,605
Crown
Castle,
Inc.,
REIT
19,596
2,154,384
Digital
Realty
Trust,
Inc.,
REIT
13,674
2,007,480
Equinix,
Inc.,
REIT
4,239
3,767,708
Extra
Space
Storage,
Inc.,
REIT
9,540
1,344,854
Iron
Mountain,
Inc.,
REIT
13,184
1,036,790
Public
Storage,
REIT
7,146
2,028,535
SBA
Communications
Corp.,
Class
a
A,
REIT
4,872
1,019,369
Investments
Shares
Value
Common
Stocks
(continued)
VICI
Properties,
Inc.,
Class
a
A,
REIT
46,710
$
1,398,030
Weyerhaeuser
Co.,
REIT
32,960
1,133,165
20,075,920
Total
Common
Stocks
(Cost
$47,188,274)
44,832,783
Principal
Amount
Short-Term
Investments
—
10
.7
%
Repurchase
Agreements
(a)
—
10
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$6,743,427
(Cost
$6,742,437)
$
6,742,437
6,742,437
Total
Investments
—
81.6%
(Cost
$53,930,711)
51,575,220
Other
assets
less
liabilities
—
18.4%
11,599,658
Net
Assets
—
100.0%
$
63,174,878
*
Non-income
producing
security.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
REAL
ESTATE
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
59
URE
::
Swap
Agreements
Ultra
Real
Estate
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
6,356,769
3/6/2025
Bank
of
America
NA
6.28%
S&P
Real
Estate
Select
Sector
index
c
758,650
22,999,241
3/6/2025
BNP
Paribas
SA
6.03%
S&P
Real
Estate
Select
Sector
index
c
776,644
4,272,475
4/7/2025
Citibank
NA
5.83%
S&P
Real
Estate
Select
Sector
index
c
121,188
6,822,058
3/6/2025
Goldman
Sachs
International
5.93%
S&P
Real
Estate
Select
Sector
index
c
300,003
4,407,281
3/6/2025
Societe
Generale
6.23%
S&P
Real
Estate
Select
Sector
index
c
199,757
36,850,749
3/6/2025
UBS
AG
5.58%
S&P
Real
Estate
Select
Sector
index
c
722,387
81,708,573
2,878,629
Total
Unrealized
Appreciation
2,878,629
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
ULTRA
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
60
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
—
75.6%
Aerospace
&
Defense
—
0.8%
AAR
Corp.*
2,113
$
141,106
AeroVironment,
Inc.*
1,624
205,907
AerSale
Corp.*
1,598
14,126
Archer
Aviation,
Inc.,
Class
a
A*(b)
9,523
45,996
Astronics
Corp.*
1,642
31,477
Cadre
Holdings,
Inc.
1,214
43,619
Ducommun,
Inc.*
837
39,942
Eve
Holding,
Inc.*
1,130
6,272
Kaman
Corp.
1,758
80,534
Kratos
Defense
&
Security
Solutions,
Inc.*
8,997
164,105
Leonardo
DRS,
Inc.*
4,289
97,403
Moog,
Inc.,
Class
a
A
1,773
265,861
National
Presto
Industries,
Inc.
322
24,900
Park
Aerospace
Corp.
1,161
17,670
Parsons
Corp.*
2,578
207,813
Redwire
Corp.*(b)
490
1,583
Rocket
Lab
USA,
Inc.*
17,407
79,811
Terran
Orbital
Corp.*(b)
6,174
6,668
Triumph
Group,
Inc.*
4,023
55,920
V2X,
Inc.*
720
27,720
Virgin
Galactic
Holdings,
Inc.*(b)
20,492
35,656
1,594,089
Air
Freight
&
Logistics
—
0.1%
Air
Transport
Services
Group,
Inc.*
3,518
42,462
Forward
Air
Corp.
1,607
59,668
Hub
Group,
Inc.,
Class
a
A*
3,924
166,888
Radiant
Logistics,
Inc.*
2,276
13,201
282,219
Automobile
Components
—
1.0%
Adient
plc*
5,860
198,888
American
Axle
&
Manufacturing
Holdings,
Inc.*
7,129
49,333
Atmus
Filtration
Technologies,
Inc.*
1,025
24,467
Cooper-Standard
Holdings,
Inc.*
1,055
14,833
Dana,
Inc.
8,143
101,787
Dorman
Products,
Inc.*
1,645
154,992
Fox
Factory
Holding
Corp.*
2,664
134,772
Gentherm,
Inc.*
2,047
116,392
Goodyear
Tire
&
Rubber
Co.
(The)*
17,585
208,910
Holley,
Inc.*
3,296
14,140
LCI
Industries
1,543
194,387
Luminar
Technologies,
Inc.,
Class
a
A*(b)
17,005
40,642
Modine
Manufacturing
Co.*
3,214
288,328
Patrick
Industries,
Inc.
1,333
159,880
Solid
Power,
Inc.*(b)
9,673
15,864
Standard
Motor
Products,
Inc.
1,283
40,748
Stoneridge,
Inc.*
1,652
29,026
Visteon
Corp.*
1,723
194,906
XPEL,
Inc.*(c)
1,412
74,243
2,056,538
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Automobiles
—
0.1%
Fisker,
Inc.,
Class
a
A*(b)
13,051
$
9,504
Livewire
Group,
Inc.*(b)
1,201
11,265
Winnebago
Industries,
Inc.
1,813
130,047
Workhorse
Group,
Inc.*(b)
12,884
4,311
155,127
Banks
—
6.4%
1st
Source
Corp.
1,030
51,273
ACNB
Corp.
519
18,290
Amalgamated
Financial
Corp.
1,104
25,480
Amerant
Bancorp,
Inc.,
Class
a
A
1,612
34,158
American
National
Bankshares,
Inc.
642
28,967
Ameris
Bancorp
4,134
191,528
Ames
National
Corp.(b)
538
10,206
Arrow
Financial
Corp.
920
22,062
Associated
Banc-Corp.
9,455
197,042
Atlantic
Union
Bankshares
Corp.
4,692
156,056
Axos
Financial,
Inc.*
3,468
180,752
Banc
of
California,
Inc.
8,199
119,951
BancFirst
Corp.
1,376
120,730
Bancorp,
Inc.
(The)*
3,251
145,125
Bank
First
Corp.(b)
583
50,430
Bank
of
Hawaii
Corp.(b)
2,450
147,686
Bank
of
Marin
Bancorp
983
16,328
Bank
of
NT
Butterfield
&
Son
Ltd.
(The)
3,031
90,597
Bank7
Corp.
233
6,526
BankUnited,
Inc.
4,646
124,606
Bankwell
Financial
Group,
Inc.
368
9,373
Banner
Corp.
2,138
93,730
Bar
Harbor
Bankshares
933
23,530
BayCom
Corp.
699
13,994
BCB
Bancorp,
Inc.
941
9,871
Berkshire
Hills
Bancorp,
Inc.
2,715
58,345
Blue
Foundry
Bancorp*
1,413
13,310
Blue
Ridge
Bankshares,
Inc.
1,113
2,727
Bridgewater
Bancshares,
Inc.*
1,276
15,121
Brookline
Bancorp,
Inc.
5,448
53,227
Burke
&
Herbert
Financial
Services
Corp.(b)
402
21,981
Business
First
Bancshares,
Inc.
1,499
33,653
Byline
Bancorp,
Inc.
1,546
32,219
C&F
Financial
Corp.
200
10,686
Cadence
Bank
11,383
315,081
Cambridge
Bancorp
475
30,049
Camden
National
Corp.
892
28,348
Capital
Bancorp,
Inc.
594
12,230
Capital
City
Bank
Group,
Inc.
824
23,360
Capitol
Federal
Financial,
Inc.
7,973
46,164
Capstar
Financial
Holdings,
Inc.
1,193
22,369
Carter
Bankshares,
Inc.*
1,417
18,704
Cathay
General
Bancorp
4,343
169,594
Central
Pacific
Financial
Corp.
1,659
30,957
Central
Valley
Community
Bancorp
623
11,644
Chemung
Financial
Corp.
219
9,329
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
61
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
ChoiceOne
Financial
Services,
Inc.(b)
436
$
11,602
Citizens
&
Northern
Corp.
934
17,148
Citizens
Financial
Services,
Inc.
236
11,033
City
Holding
Co.
928
93,245
Civista
Bancshares,
Inc.
965
14,494
CNB
Financial
Corp.
1,282
25,627
Coastal
Financial
Corp.*
676
25,952
Codorus
Valley
Bancorp,
Inc.
582
13,398
Colony
Bankcorp,
Inc.
1,031
11,692
Columbia
Financial,
Inc.*
1,854
31,017
Community
Bank
System,
Inc.
3,327
150,713
Community
Trust
Bancorp,
Inc.
970
38,567
ConnectOne
Bancorp,
Inc.
2,288
45,280
CrossFirst
Bankshares,
Inc.*
2,822
36,319
Customers
Bancorp,
Inc.*
1,787
97,052
CVB
Financial
Corp.
8,311
141,453
Dime
Community
Bancshares,
Inc.
2,184
40,928
Eagle
Bancorp,
Inc.
1,840
43,829
Eastern
Bankshares,
Inc.
9,680
125,066
Enterprise
Bancorp,
Inc.
598
16,206
Enterprise
Financial
Services
Corp.
2,266
90,459
Equity
Bancshares,
Inc.,
Class
a
A
913
29,061
Esquire
Financial
Holdings,
Inc.
429
21,785
ESSA
Bancorp,
Inc.
542
9,409
Evans
Bancorp,
Inc.
326
9,682
Farmers
&
Merchants
Bancorp,
Inc.
793
16,019
Farmers
National
Banc
Corp.
2,274
30,654
FB
Financial
Corp.
2,216
78,978
Fidelity
D&D
Bancorp,
Inc.(b)
291
14,533
Financial
Institutions,
Inc.
948
17,405
First
Bancorp(b)
10,742
182,399
First
Bancorp
2,485
84,788
First
Bancorp,
Inc.
(The)
611
14,432
First
Bancshares,
Inc.
(The)
1,916
47,574
First
Bank
1,273
17,071
First
Busey
Corp.
3,243
74,784
First
Business
Financial
Services,
Inc.
491
17,323
First
Commonwealth
Financial
Corp.
6,393
83,301
First
Community
Bankshares,
Inc.
1,072
35,526
First
Community
Corp.
460
7,558
First
Financial
Bancorp
5,884
127,683
First
Financial
Bankshares,
Inc.
8,142
251,913
First
Financial
Corp.
715
26,619
First
Foundation,
Inc.
3,196
25,344
First
Interstate
BancSystem,
Inc.,
Class
a
A
5,160
135,811
First
Merchants
Corp.
3,693
122,608
First
Mid
Bancshares,
Inc.
1,390
42,117
First
of
Long
Island
Corp.
(The)
1,331
14,827
First
Western
Financial,
Inc.*
500
7,075
Five
Star
Bancorp
798
18,937
Flushing
Financial
Corp.
1,730
22,213
FS
Bancorp,
Inc.
413
13,782
Fulton
Financial
Corp.
10,039
154,601
Investments
Shares
Value
Common
Stocks
(a)
(continued)
FVCBankcorp,
Inc.*
1,000
$
12,110
German
American
Bancorp,
Inc.
1,751
55,086
Glacier
Bancorp,
Inc.
6,967
260,705
Great
Southern
Bancorp,
Inc.
553
28,833
Greene
County
Bancorp,
Inc.
436
12,452
Guaranty
Bancshares,
Inc.
511
14,696
Hancock
Whitney
Corp.
5,420
236,312
Hanmi
Financial
Corp.
1,901
28,724
HarborOne
Bancorp,
Inc.
2,562
26,081
HBT
Financial,
Inc.
830
15,820
Heartland
Financial
USA,
Inc.
2,640
89,760
Heritage
Commerce
Corp.
3,699
30,665
Heritage
Financial
Corp.
2,167
39,764
Hilltop
Holdings,
Inc.
2,917
90,077
Hingham
Institution
For
Savings
(The)(b)
92
15,454
Home
Bancorp,
Inc.
448
16,464
Home
BancShares,
Inc.
11,916
279,549
HomeStreet,
Inc.
1,130
15,764
HomeTrust
Bancshares,
Inc.
918
24,098
Hope
Bancorp,
Inc.
7,208
79,072
Horizon
Bancorp,
Inc.
2,694
32,436
Independent
Bank
Corp.
1,244
30,416
Independent
Bank
Corp.
2,760
143,989
Independent
Bank
Group,
Inc.
2,259
98,786
International
Bancshares
Corp.
3,355
174,091
John
Marshall
Bancorp,
Inc.
777
13,598
Kearny
Financial
Corp.
3,498
22,247
Lakeland
Bancorp,
Inc.
3,895
45,494
Lakeland
Financial
Corp.
1,550
98,735
LCNB
Corp.
660
9,293
Live
Oak
Bancshares,
Inc.
2,101
83,452
Macatawa
Bank
Corp.
1,643
16,101
MainStreet
Bancshares,
Inc.
435
7,837
Mercantile
Bank
Corp.
979
36,066
Metrocity
Bankshares,
Inc.
1,140
27,702
Metropolitan
Bank
Holding
Corp.*
646
25,330
Mid
Penn
Bancorp,
Inc.
888
18,675
Middlefield
Banc
Corp.(b)
491
12,049
Midland
States
Bancorp,
Inc.
1,298
31,606
MidWestOne
Financial
Group,
Inc.
888
20,353
MVB
Financial
Corp.
709
15,180
National
Bank
Holdings
Corp.,
Class
a
A
2,300
77,832
National
Bankshares,
Inc.(b)
361
11,288
NBT
Bancorp,
Inc.
2,862
98,424
Nicolet
Bankshares,
Inc.
804
63,460
Northeast
Bank
420
22,424
Northeast
Community
Bancorp,
Inc.
792
12,347
Northfield
Bancorp,
Inc.
2,504
25,290
Northrim
Bancorp,
Inc.
336
16,709
Northwest
Bancshares,
Inc.
7,959
91,210
Norwood
Financial
Corp.(b)
454
12,535
Oak
Valley
Bancorp
420
10,471
OceanFirst
Financial
Corp.
3,638
55,298
OFG
Bancorp
2,883
104,422
Old
National
Bancorp
18,302
300,702
ULTRA
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
62
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Old
Second
Bancorp,
Inc.
2,710
$
36,395
Orange
County
Bancorp,
Inc.
319
14,668
Origin
Bancorp,
Inc.
1,823
54,398
Orrstown
Financial
Services,
Inc.
639
17,221
Pacific
Premier
Bancorp,
Inc.
5,927
135,491
Park
National
Corp.
895
115,016
Parke
Bancorp,
Inc.
653
11,264
Pathward
Financial,
Inc.
1,629
82,818
PCB
Bancorp
680
10,982
Peapack-Gladstone
Financial
Corp.
1,054
25,538
Penns
Woods
Bancorp,
Inc.
428
8,278
Peoples
Bancorp,
Inc.
2,179
61,165
Peoples
Financial
Services
Corp.
428
17,270
Pioneer
Bancorp,
Inc.*
728
6,785
Plumas
Bancorp
341
11,880
Ponce
Financial
Group,
Inc.*
1,215
10,716
Preferred
Bank
808
58,055
Premier
Financial
Corp.
2,208
42,791
Primis
Financial
Corp.
1,265
15,623
Princeton
Bancorp,
Inc.
317
9,757
Provident
Financial
Services,
Inc.
4,586
69,157
QCR
Holdings,
Inc.
1,030
58,710
RBB
Bancorp
1,047
18,029
Red
River
Bancshares,
Inc.
300
14,940
Renasant
Corp.
3,448
108,991
Republic
Bancorp,
Inc.,
Class
a
A
531
26,157
S&T
Bancorp,
Inc.
2,381
74,263
Sandy
Spring
Bancorp,
Inc.
2,739
60,203
Seacoast
Banking
Corp.
of
Florida
5,262
127,025
ServisFirst
Bancshares,
Inc.
3,182
201,071
Shore
Bancshares,
Inc.
1,861
21,141
Sierra
Bancorp
841
15,651
Simmons
First
National
Corp.,
Class
a
A
7,754
148,877
SmartFinancial,
Inc.
990
21,305
South
Plains
Financial,
Inc.
731
19,503
Southern
First
Bancshares,
Inc.*
479
15,783
Southern
Missouri
Bancorp,
Inc.
592
25,385
Southern
States
Bancshares,
Inc.
474
11,784
Southside
Bancshares,
Inc.
1,793
51,387
SouthState
Corp.
4,756
399,694
Stellar
Bancorp,
Inc.
3,040
72,048
Sterling
Bancorp,
Inc.*
1,358
6,844
Stock
Yards
Bancorp,
Inc.
1,695
77,648
Summit
Financial
Group,
Inc.
702
18,940
Texas
Capital
Bancshares,
Inc.*
2,991
175,422
Third
Coast
Bancshares,
Inc.*
804
15,413
Timberland
Bancorp,
Inc.
463
12,131
Tompkins
Financial
Corp.
865
41,658
Towne
Bank
4,380
118,742
TriCo
Bancshares
1,941
64,849
Triumph
Financial,
Inc.*
1,388
104,100
TrustCo
Bank
Corp.
1,162
31,711
Trustmark
Corp.
3,800
102,068
UMB
Financial
Corp.
2,766
225,733
Investments
Shares
Value
Common
Stocks
(a)
(continued)
United
Bankshares,
Inc.
8,174
$
283,556
United
Community
Banks,
Inc.
7,221
187,818
Unity
Bancorp,
Inc.
450
12,321
Univest
Financial
Corp.
1,812
36,276
USCB
Financial
Holdings,
Inc.
656
7,164
Valley
National
Bancorp
26,965
220,843
Veritex
Holdings,
Inc.
3,276
64,308
Virginia
National
Bankshares
Corp.
295
8,974
WaFd,
Inc.
4,261
116,070
Washington
Trust
Bancorp,
Inc.
1,056
27,181
WesBanco,
Inc.
3,604
104,444
West
Bancorp,
Inc.
1,013
17,626
Westamerica
Bancorp
1,618
73,959
WSFS
Financial
Corp.
3,824
162,099
13,546,728
Beverages
—
0.3%
Coca-Cola
Consolidated,
Inc.
298
250,558
Duckhorn
Portfolio,
Inc.
(The)*
2,741
26,067
MGP
Ingredients,
Inc.
991
84,413
National
Beverage
Corp.*
1,481
77,960
Primo
Water
Corp.
9,774
158,437
Vita
Coco
Co.,
Inc.
(The)*
1,784
46,562
Zevia
PBC,
Class
a
A*
1,580
2,370
646,367
Biotechnology
—
6.1%
2seventy
bio,
Inc.*(b)
3,134
16,297
4D
Molecular
Therapeutics,
Inc.*
2,494
69,882
89bio,
Inc.*
3,991
45,777
Aadi
Bioscience,
Inc.*
1,012
1,994
ACADIA
Pharmaceuticals,
Inc.*
7,558
175,648
ACELYRIN,
Inc.*
2,065
17,449
Acrivon
Therapeutics,
Inc.*
542
2,634
Actinium
Pharmaceuticals,
Inc.*
1,703
14,527
Adicet
Bio,
Inc.*
1,895
4,453
ADMA
Biologics,
Inc.*
13,304
71,309
Aerovate
Therapeutics,
Inc.*(b)
698
16,110
Agenus,
Inc.*
23,774
15,929
Agios
Pharmaceuticals,
Inc.*
3,467
112,053
Akero
Therapeutics,
Inc.*
3,203
86,449
Aldeyra
Therapeutics,
Inc.*
2,906
10,520
Alector,
Inc.*
3,961
27,608
Alkermes
plc*
10,354
307,410
Allakos,
Inc.*
4,148
6,139
Allogene
Therapeutics,
Inc.*
5,897
28,954
Allovir,
Inc.*
3,176
2,339
Alpine
Immune
Sciences,
Inc.*
2,032
71,567
Altimmune,
Inc.*
3,295
39,870
ALX
Oncology
Holdings,
Inc.*
1,683
24,690
Amicus
Therapeutics,
Inc.*
17,736
227,376
AnaptysBio,
Inc.*
1,169
29,845
Anavex
Life
Sciences
Corp.*(b)
4,512
23,192
Anika
Therapeutics,
Inc.*
914
22,192
Annexon,
Inc.*
2,848
15,863
Apogee
Therapeutics,
Inc.*(b)
1,281
44,604
Arbutus
Biopharma
Corp.*
7,907
22,140
Arcellx,
Inc.*
2,394
157,573
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
63
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Arcturus
Therapeutics
Holdings,
Inc.*
1,456
$
56,435
Arcus
Biosciences,
Inc.*
3,357
64,219
Arcutis
Biotherapeutics,
Inc.*(b)
4,936
50,742
Ardelyx,
Inc.*
14,389
134,106
Arrowhead
Pharmaceuticals,
Inc.*
7,229
232,051
ARS
Pharmaceuticals,
Inc.*
1,532
12,823
Astria
Therapeutics,
Inc.*
2,065
29,364
Atara
Biotherapeutics,
Inc.*
6,044
4,702
Aura
Biosciences,
Inc.*
1,732
15,709
Aurinia
Pharmaceuticals,
Inc.*
8,452
48,345
Avid
Bioservices,
Inc.*
3,873
29,745
Avidity
Biosciences,
Inc.*
4,617
84,491
Avita
Medical,
Inc.*
1,569
28,446
Beam
Therapeutics,
Inc.*
4,524
178,653
BioAtla,
Inc.*
2,759
7,449
BioCryst
Pharmaceuticals,
Inc.*
11,830
66,603
Biohaven
Ltd.*
4,270
205,558
Biomea
Fusion,
Inc.*(b)
1,240
21,700
BioVie,
Inc.,
Class
a
A*(b)
754
935
Bioxcel
Therapeutics,
Inc.*(b)
1,265
4,023
Bluebird
Bio,
Inc.*
6,678
9,282
Blueprint
Medicines
Corp.*
3,796
355,002
Bridgebio
Pharma,
Inc.*
7,147
244,070
Cabaletta
Bio,
Inc.*
2,150
49,192
CareDx,
Inc.*
3,249
34,569
Caribou
Biosciences,
Inc.*
5,110
40,420
Carisma
Therapeutics,
Inc.(b)
1,664
4,293
Cartesian
Therapeutics,
Inc.*(b)
7,331
5,363
Catalyst
Pharmaceuticals,
Inc.*
6,268
100,476
Celcuity,
Inc.*(b)
1,089
16,945
Celldex
Therapeutics,
Inc.*
2,900
139,374
Century
Therapeutics,
Inc.*
1,462
5,366
Cerevel
Therapeutics
Holdings,
Inc.*
4,363
178,883
Cogent
Biosciences,
Inc.*
5,184
36,288
Coherus
Biosciences,
Inc.*
6,228
14,200
Compass
Therapeutics,
Inc.*
5,694
10,135
Crinetics
Pharmaceuticals,
Inc.*
4,075
166,831
Cue
Biopharma,
Inc.*(b)
2,245
4,658
Cullinan
Oncology,
Inc.*
1,614
29,811
Cytokinetics,
Inc.*
5,813
419,931
Day
One
Biopharmaceuticals,
Inc.*
3,910
65,414
Deciphera
Pharmaceuticals,
Inc.*
3,336
55,678
Denali
Therapeutics,
Inc.*
7,370
145,779
Design
Therapeutics,
Inc.*
2,045
5,685
Disc
Medicine,
Inc.*
558
38,318
Dynavax
Technologies
Corp.*
8,089
102,488
Dyne
Therapeutics,
Inc.*
2,774
74,621
Eagle
Pharmaceuticals,
Inc.*
646
3,786
Editas
Medicine,
Inc.*
5,134
51,648
Emergent
BioSolutions,
Inc.*
3,245
10,481
Enanta
Pharmaceuticals,
Inc.*
1,249
17,948
Entrada
Therapeutics,
Inc.*(b)
1,336
17,675
Erasca,
Inc.*
5,036
11,986
Fate
Therapeutics,
Inc.*
5,289
37,499
Fennec
Pharmaceuticals,
Inc.*
1,132
10,720
Investments
Shares
Value
Common
Stocks
(a)
(continued)
FibroGen,
Inc.*
5,762
$
9,853
Foghorn
Therapeutics,
Inc.*(b)
1,268
9,802
Genelux
Corp.*(b)
1,158
8,453
Generation
Bio
Co.*
2,826
7,093
Geron
Corp.*
31,975
63,950
Graphite
Bio,
Inc.*
1,748
5,926
Gritstone
bio,
Inc.*(b)
5,476
15,333
Halozyme
Therapeutics,
Inc.*
8,098
322,381
Heron
Therapeutics,
Inc.*(b)
6,462
17,189
HilleVax,
Inc.*(b)
1,636
29,693
Humacyte,
Inc.*
3,821
16,621
Ideaya
Biosciences,
Inc.*
3,756
167,893
IGM
Biosciences,
Inc.*(b)
829
10,470
Immuneering
Corp.,
Class
a
A*
1,397
8,661
ImmunityBio,
Inc.*(b)
8,275
39,141
Immunovant,
Inc.*
3,368
119,126
Inhibrx,
Inc.*
2,144
78,535
Inozyme
Pharma,
Inc.*(b)
2,979
18,946
Insmed,
Inc.*
8,627
239,140
Intellia
Therapeutics,
Inc.*
5,507
176,885
Iovance
Biotherapeutics,
Inc.*
14,316
227,768
Ironwood
Pharmaceuticals,
Inc.,
Class
a
A*
8,652
81,588
iTeos
Therapeutics,
Inc.*
1,547
16,568
Janux
Therapeutics,
Inc.*(b)
1,080
52,250
KalVista
Pharmaceuticals,
Inc.*
1,933
26,385
Karyopharm
Therapeutics,
Inc.*(b)
7,068
8,199
Keros
Therapeutics,
Inc.*
1,405
94,838
Kezar
Life
Sciences,
Inc.*
4,453
4,676
Kiniksa
Pharmaceuticals
Ltd.,
Class
a
A*
1,958
41,392
Kodiak
Sciences,
Inc.*
2,023
12,158
Krystal
Biotech,
Inc.*
1,349
215,125
Kura
Oncology,
Inc.*
4,404
92,836
Kymera
Therapeutics,
Inc.*
2,371
101,242
Larimar
Therapeutics,
Inc.*
1,600
18,400
Lexicon
Pharmaceuticals,
Inc.*(b)
5,781
14,395
Lineage
Cell
Therapeutics,
Inc.*(b)
8,281
8,612
Lyell
Immunopharma,
Inc.*
10,830
31,624
MacroGenics,
Inc.*
3,798
68,136
Madrigal
Pharmaceuticals,
Inc.*
924
218,249
MannKind
Corp.*
16,277
66,898
MeiraGTx
Holdings
plc*
2,035
12,556
Merrimack
Pharmaceuticals,
Inc.*
653
9,599
Mersana
Therapeutics,
Inc.*
6,918
37,634
MiMedx
Group,
Inc.*
7,203
58,776
Mineralys
Therapeutics,
Inc.*(b)
1,212
18,641
Mirum
Pharmaceuticals,
Inc.*
1,545
44,357
Monte
Rosa
Therapeutics,
Inc.*(b)
1,903
12,046
Morphic
Holding,
Inc.*
2,293
84,726
Mural
Oncology
plc*
1,035
5,475
Myriad
Genetics,
Inc.*
5,042
105,529
Nkarta,
Inc.*(b)
1,887
22,795
Novavax,
Inc.*(b)
5,944
29,363
Nurix
Therapeutics,
Inc.*
2,972
36,704
Nuvalent,
Inc.,
Class
a
A*
1,659
139,555
ULTRA
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
64
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Nuvectis
Pharma,
Inc.*(b)
463
$
4,570
Ocean
Biomedical,
Inc.*(b)
540
950
Olema
Pharmaceuticals,
Inc.*
1,677
20,795
Omega
Therapeutics,
Inc.*(b)
1,520
6,247
Organogenesis
Holdings,
Inc.,
Class
a
A*
4,383
15,647
ORIC
Pharmaceuticals,
Inc.*(b)
2,436
31,035
Outlook
Therapeutics,
Inc.*(b)
9,814
4,287
Ovid
therapeutics,
Inc.*
3,721
12,651
PDS
Biotechnology
Corp.*(b)
1,740
11,467
PepGen,
Inc.*
627
10,628
PMV
Pharmaceuticals,
Inc.*
2,406
4,451
Poseida
Therapeutics,
Inc.,
Class
a
A*
4,242
16,798
Precigen,
Inc.*(b)
8,432
12,985
Prelude
Therapeutics,
Inc.*
929
3,995
Prime
Medicine,
Inc.*(b)
2,465
21,273
ProKidney
Corp.,
Class
a
A*(b)
2,807
4,575
Protagonist
Therapeutics,
Inc.*
3,565
108,305
Protalix
BioTherapeutics,
Inc.*(b)
4,140
6,748
Prothena
Corp.
plc*
2,634
72,672
PTC
Therapeutics,
Inc.*
4,497
126,770
Rallybio
Corp.*(b)
1,907
4,434
RAPT
Therapeutics,
Inc.*(b)
1,844
15,803
Recursion
Pharmaceuticals,
Inc.,
Class
a
A*
8,517
114,639
REGENXBIO,
Inc.*
2,565
44,734
Relay
Therapeutics,
Inc.*
5,635
56,463
Reneo
Pharmaceuticals,
Inc.*(b)
808
1,333
Replimune
Group,
Inc.*
3,086
26,478
REVOLUTION
Medicines,
Inc.*
8,977
264,642
Rhythm
Pharmaceuticals,
Inc.*
3,207
139,248
Rigel
Pharmaceuticals,
Inc.*
10,680
16,234
Rocket
Pharmaceuticals,
Inc.*
3,916
114,739
Sage
Therapeutics,
Inc.*
3,299
70,863
Sagimet
Biosciences,
Inc.,
Class
a
A*(b)
347
2,127
Sana
Biotechnology,
Inc.*
5,989
60,130
Sangamo
Therapeutics,
Inc.*(b)
9,390
10,892
Savara,
Inc.*
5,638
28,472
Scholar
Rock
Holding
Corp.*
3,462
53,661
Seres
Therapeutics,
Inc.*
6,070
6,920
SpringWorks
Therapeutics,
Inc.*
4,188
206,301
Stoke
Therapeutics,
Inc.*
1,721
13,321
Summit
Therapeutics,
Inc.*(b)
7,231
32,829
Sutro
Biopharma,
Inc.*
3,753
18,427
Syndax
Pharmaceuticals,
Inc.*
4,171
97,768
Tango
Therapeutics,
Inc.*
2,787
31,019
Tenaya
Therapeutics,
Inc.*
2,899
17,249
TG
Therapeutics,
Inc.*
8,654
149,022
Travere
Therapeutics,
Inc.*
4,547
34,375
Turnstone
Biologics
Corp.*(b)
410
1,870
Twist
Bioscience
Corp.*
3,553
139,597
Tyra
Biosciences,
Inc.*(b)
872
17,431
UroGen
Pharma
Ltd.*
1,698
31,124
Vanda
Pharmaceuticals,
Inc.*
3,525
15,757
Vaxcyte,
Inc.*
6,538
482,635
Vaxxinity,
Inc.,
Class
a
A*(b)
2,659
2,273
Vera
Therapeutics,
Inc.,
Class
a
A*
2,112
99,433
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Veracyte,
Inc.*
4,544
$
107,011
Vericel
Corp.*
2,973
135,807
Verve
Therapeutics,
Inc.*
3,258
55,549
Vigil
Neuroscience,
Inc.*(b)
1,002
3,487
Viking
Therapeutics,
Inc.*
6,001
462,377
Vir
Biotechnology,
Inc.*
5,224
58,718
Viridian
Therapeutics,
Inc.*
2,668
49,918
Vor
BioPharma,
Inc.*(b)
2,351
5,407
Voyager
Therapeutics,
Inc.*
1,982
16,490
X4
Pharmaceuticals,
Inc.*
7,683
7,457
Xencor,
Inc.*
3,618
83,033
XOMA
Corp.*
457
11,110
Y-mAbs
Therapeutics,
Inc.*(b)
2,296
38,343
Zentalis
Pharmaceuticals,
Inc.*
3,635
54,198
Zura
Bio
Ltd.,
Class
a
A*
1,063
3,912
Zymeworks,
Inc.*
3,386
40,666
12,940,068
Broadline
Retail
—
0.1%
Big
Lots,
Inc.
1,776
9,626
ContextLogic,
Inc.,
Class
a
A*
1,402
9,113
Dillard's,
Inc.,
Class
a
A
217
89,997
Qurate
Retail,
Inc.,
Class
a
B*
83
458
Savers
Value
Village,
Inc.*
1,618
32,748
141,942
Building
Products
—
1.6%
AAON,
Inc.
4,232
355,403
American
Woodmark
Corp.*
1,024
102,646
Apogee
Enterprises,
Inc.
1,380
78,950
AZZ,
Inc.
1,550
112,840
CSW
Industrials,
Inc.
962
221,635
Gibraltar
Industries,
Inc.*
1,909
147,852
Griffon
Corp.
2,617
186,854
Insteel
Industries,
Inc.
1,169
42,563
Janus
International
Group,
Inc.*
5,303
76,098
JELD-WEN
Holding,
Inc.*
5,316
96,751
Masonite
International
Corp.*
1,388
180,773
Masterbrand,
Inc.*
8,101
140,228
PGT
Innovations,
Inc.*
3,542
147,949
Quanex
Building
Products
Corp.
2,062
71,304
Resideo
Technologies,
Inc.*
9,148
204,275
Simpson
Manufacturing
Co.,
Inc.
2,682
559,680
UFP
Industries,
Inc.
3,751
429,977
Zurn
Elkay
Water
Solutions
Corp.
9,242
293,434
3,449,212
Capital
Markets
—
1.1%
AlTi
Global,
Inc.*(b)
1,425
8,350
Artisan
Partners
Asset
Management,
Inc.,
Class
a
A
3,837
165,260
AssetMark
Financial
Holdings,
Inc.*
1,372
48,500
B
Riley
Financial,
Inc.(b)
1,273
23,334
Bakkt
Holdings,
Inc.*(b)
4,443
2,577
BGC
Group,
Inc.,
Class
a
A
22,363
155,423
BlackRock
Capital
Investment
Corp.
2
7
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
65
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Brightsphere
Investment
Group,
Inc.
2,034
$
46,090
Cohen
&
Steers,
Inc.
1,624
119,445
Diamond
Hill
Investment
Group,
Inc.
171
24,740
Donnelley
Financial
Solutions,
Inc.*
1,545
99,745
Forge
Global
Holdings,
Inc.*(b)
6,858
14,265
GCM
Grosvenor,
Inc.,
Class
a
A
2,589
21,929
Hamilton
Lane,
Inc.,
Class
a
A
2,282
262,088
Hercules
Capital,
Inc.
6
108
MarketWise,
Inc.
2,012
3,642
Moelis
&
Co.,
Class
a
A
4,173
225,509
Open
Lending
Corp.*
6,214
45,114
P10,
Inc.,
Class
a
A
2,728
25,289
Patria
Investments
Ltd.,
Class
a
A
3,395
50,585
Perella
Weinberg
Partners,
Class
a
A
2,626
35,871
Piper
Sandler
Cos.
1,083
203,896
PJT
Partners,
Inc.,
Class
a
A
1,484
156,414
Prospect
Capital
Corp.
3
17
Silvercrest
Asset
Management
Group,
Inc.,
Class
a
A
589
9,878
StepStone
Group,
Inc.,
Class
a
A
3,369
117,005
StoneX
Group,
Inc.*
1,674
115,941
Value
Line,
Inc.
53
2,284
Victory
Capital
Holdings,
Inc.,
Class
a
A
1,674
64,332
Virtus
Investment
Partners,
Inc.
433
100,595
WisdomTree,
Inc.
8,618
69,461
2,217,694
Chemicals
—
1.5%
AdvanSix,
Inc.
1,628
45,551
American
Vanguard
Corp.
1,686
18,074
Arcadium
Lithium
plc*
63,737
349,916
Aspen
Aerogels,
Inc.*
3,190
54,804
Avient
Corp.
5,649
228,672
Balchem
Corp.
1,998
314,066
Cabot
Corp.
3,460
293,927
Core
Molding
Technologies,
Inc.*
457
8,395
Danimer
Scientific,
Inc.,
Class
a
A*(b)
5,476
7,338
Ecovyst,
Inc.*
5,779
55,767
Hawkins,
Inc.
1,209
84,932
HB
Fuller
Co.
3,379
268,732
Ingevity
Corp.*
2,283
104,287
Innospec,
Inc.
1,558
193,613
Intrepid
Potash,
Inc.*
663
13,976
Koppers
Holdings,
Inc.
1,259
71,285
Kronos
Worldwide,
Inc.
1,378
12,526
LSB
Industries,
Inc.*
3,352
24,671
Mativ
Holdings,
Inc.
3,404
59,127
Minerals
Technologies,
Inc.
2,032
147,036
Origin
Materials,
Inc.*(b)
7,295
4,330
Orion
SA
3,459
77,966
Perimeter
Solutions
SA*
9,530
57,942
PureCycle
Technologies,
Inc.*(b)
7,252
41,989
Quaker
Chemical
Corp.
868
174,034
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Rayonier
Advanced
Materials,
Inc.*
3,980
$
13,492
Sensient
Technologies
Corp.
2,629
175,828
Stepan
Co.
1,331
118,725
Trinseo
plc
2,185
9,833
Tronox
Holdings
plc
7,312
107,486
Valhi,
Inc.
151
2,058
3,140,378
Commercial
Services
&
Supplies
—
1.2%
ABM
Industries,
Inc.
4,137
170,899
ACCO
Brands
Corp.
5,767
32,180
ACV
Auctions,
Inc.,
Class
a
A*
7,935
140,846
Aris
Water
Solutions,
Inc.,
Class
a
A
1,865
22,455
BrightView
Holdings,
Inc.*
2,582
22,489
Brink's
Co.
(The)
2,883
238,799
Casella
Waste
Systems,
Inc.,
Class
a
A*
3,526
317,693
CECO
Environmental
Corp.*
1,854
41,993
Cimpress
plc*
1,124
110,163
CompX
International,
Inc.
95
2,214
CoreCivic,
Inc.*
7,101
108,148
Deluxe
Corp.
2,718
52,756
Ennis,
Inc.
1,591
32,329
Enviri
Corp.*
4,927
38,726
GEO
Group,
Inc.
(The)*
7,523
92,307
Healthcare
Services
Group,
Inc.*
4,647
59,296
HNI
Corp.
2,885
129,277
Interface,
Inc.,
Class
a
A
3,580
56,278
LanzaTech
Global,
Inc.*(b)
1,288
4,147
Li-Cycle
Holdings
Corp.*(b)
8,702
3,133
Liquidity
Services,
Inc.*
1,438
25,783
Matthews
International
Corp.,
Class
a
A
1,855
53,684
MillerKnoll,
Inc.
4,609
140,805
Montrose
Environmental
Group,
Inc.*
1,742
72,084
NL
Industries,
Inc.
524
2,672
OPENLANE,
Inc.*
6,741
102,935
Performant
Financial
Corp.*
4,199
12,219
Pitney
Bowes,
Inc.
10,958
44,161
Quad/Graphics,
Inc.
1,912
11,453
SP
Plus
Corp.*
1,221
62,772
Steelcase,
Inc.,
Class
a
A
5,786
79,500
UniFirst
Corp.
937
158,091
Viad
Corp.*
1,271
47,319
VSE
Corp.
817
60,540
2,550,146
Communications
Equipment
—
0.4%
ADTRAN
Holdings,
Inc.
4,869
27,705
Aviat
Networks,
Inc.*
711
25,233
Calix,
Inc.*
3,683
128,426
Cambium
Networks
Corp.*
758
3,222
Clearfield,
Inc.*(b)
817
24,649
CommScope
Holding
Co.,
Inc.*
13,075
15,232
Comtech
Telecommunications
Corp.*
1,703
11,512
Digi
International,
Inc.*
2,195
64,884
ULTRA
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
66
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
DZS,
Inc.*(b)
1,359
$
1,998
Extreme
Networks,
Inc.*
7,876
99,553
Harmonic,
Inc.*
6,877
90,295
Infinera
Corp.*
12,455
62,524
KVH
Industries,
Inc.*
1,171
5,562
NETGEAR,
Inc.*
1,805
27,057
NetScout
Systems,
Inc.*
4,331
93,766
Ribbon
Communications,
Inc.*
5,544
16,577
Viavi
Solutions,
Inc.*
13,818
131,962
830,157
Construction
&
Engineering
—
1.4%
Ameresco,
Inc.,
Class
a
A*
2,008
42,088
API
Group
Corp.*
13,065
457,928
Arcosa,
Inc.
3,030
251,490
Argan,
Inc.
791
37,066
Bowman
Consulting
Group
Ltd.,
Class
a
A*
674
21,952
Comfort
Systems
USA,
Inc.
2,211
675,969
Concrete
Pumping
Holdings,
Inc.*
1,598
13,088
Construction
Partners,
Inc.,
Class
a
A*
2,509
120,633
Dycom
Industries,
Inc.*
1,790
226,417
Fluor
Corp.*
8,908
327,814
Granite
Construction,
Inc.
2,755
141,965
Great
Lakes
Dredge
&
Dock
Corp.*
4,094
36,600
IES
Holdings,
Inc.*
511
56,169
INNOVATE
Corp.*(b)
3,387
2,657
Limbach
Holdings,
Inc.*
574
28,264
MYR
Group,
Inc.*
1,026
166,684
Northwest
Pipe
Co.*
614
18,316
Primoris
Services
Corp.
3,316
131,015
Southland
Holdings,
Inc.*(b)
252
1,149
Sterling
Infrastructure,
Inc.*
1,870
199,417
Tutor
Perini
Corp.*
2,651
30,036
2,986,717
Construction
Materials
—
0.3%
Knife
River
Corp.*
3,534
261,834
Summit
Materials,
Inc.,
Class
a
A*
7,461
318,659
United
States
Lime
&
Minerals,
Inc.
129
32,893
613,386
Consumer
Finance
—
0.6%
Atlanticus
Holdings
Corp.*
287
9,514
Bread
Financial
Holdings,
Inc.
3,103
118,783
Consumer
Portfolio
Services,
Inc.*(b)
533
4,706
Encore
Capital
Group,
Inc.*
1,451
69,648
Enova
International,
Inc.*
1,817
114,925
FirstCash
Holdings,
Inc.
2,353
269,419
Green
Dot
Corp.,
Class
a
A*
2,901
23,817
LendingClub
Corp.*
6,780
54,986
LendingTree,
Inc.*
664
26,275
Navient
Corp.
5,373
87,365
Nelnet,
Inc.,
Class
a
A
806
69,211
NerdWallet,
Inc.,
Class
a
A*
2,110
35,596
Investments
Shares
Value
Common
Stocks
(a)
(continued)
OppFi,
Inc.*(b)
671
$
2,362
PRA
Group,
Inc.*
2,412
61,651
PROG
Holdings,
Inc.*
2,767
85,417
Regional
Management
Corp.
502
11,747
Upstart
Holdings,
Inc.*(b)
4,571
117,703
World
Acceptance
Corp.*
253
30,299
1,193,424
Consumer
Staples
Distribution
&
Retail
—
0.5%
Andersons,
Inc.
(The)
2,008
111,002
Chefs'
Warehouse,
Inc.
(The)*
2,199
83,584
HF
Foods
Group,
Inc.*
2,514
9,453
Ingles
Markets,
Inc.,
Class
a
A
878
67,615
Natural
Grocers
by
Vitamin
Cottage,
Inc.
582
9,644
PriceSmart,
Inc.
1,572
132,268
SpartanNash
Co.
2,155
45,406
Sprouts
Farmers
Market,
Inc.*
6,363
397,306
United
Natural
Foods,
Inc.*
3,651
56,992
Village
Super
Market,
Inc.,
Class
a
A
550
15,042
Weis
Markets,
Inc.
1,029
66,823
995,135
Containers
&
Packaging
—
0.2%
Greif,
Inc.,
Class
a
A
1,519
97,915
Greif,
Inc.,
Class
a
B
323
20,678
Myers
Industries,
Inc.
2,283
43,902
O-I
Glass,
Inc.*
9,704
164,192
Pactiv
Evergreen,
Inc.
2,500
36,875
Ranpak
Holdings
Corp.,
Class
a
A*
2,707
12,858
TriMas
Corp.
2,591
60,889
437,309
Distributors
—
0.0%(d)
Weyco
Group,
Inc.
371
11,961
Diversified
Consumer
Services
—
0.9%
2U,
Inc.*(b)
5,004
2,255
Adtalem
Global
Education,
Inc.*
2,483
122,909
Carriage
Services,
Inc.,
Class
a
A
837
20,774
Chegg,
Inc.*
7,110
63,563
Coursera,
Inc.*
8,130
130,649
Duolingo,
Inc.,
Class
a
A*
1,827
436,653
European
Wax
Center,
Inc.,
Class
a
A*
2,131
30,218
Frontdoor,
Inc.*
5,065
158,838
Graham
Holdings
Co.,
Class
a
B
224
157,322
Laureate
Education,
Inc.
8,182
109,721
Lincoln
Educational
Services
Corp.*
1,478
14,869
Nerdy,
Inc.*
3,904
11,322
OneSpaWorld
Holdings
Ltd.*
5,209
67,925
Perdoceo
Education
Corp.
4,079
72,647
Strategic
Education,
Inc.
1,413
156,546
Stride,
Inc.*
2,648
158,218
Udemy,
Inc.*
5,489
62,026
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
67
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Universal
Technical
Institute,
Inc.*
2,047
$
30,787
WW
International,
Inc.*
3,403
10,617
1,817,859
Diversified
REITs
—
0.4%
Alexander
&
Baldwin,
Inc.,
REIT
4,532
73,690
Alpine
Income
Property
Trust,
Inc.,
REIT
792
12,363
American
Assets
Trust,
Inc.,
REIT
3,048
65,745
Armada
Hoffler
Properties,
Inc.,
REIT
4,207
42,827
Broadstone
Net
Lease,
Inc.,
REIT
11,736
174,984
CTO
Realty
Growth,
Inc.,
REIT
1,399
23,853
Empire
State
Realty
Trust,
Inc.,
Class
a
A,
REIT
8,249
82,243
Essential
Properties
Realty
Trust,
Inc.,
REIT
9,742
232,736
Gladstone
Commercial
Corp.,
REIT
2,482
30,727
Global
Net
Lease,
Inc.,
REIT
12,156
87,645
NexPoint
Diversified
Real
Estate
Trust,
REIT
1,943
12,299
One
Liberty
Properties,
Inc.,
REIT
1,015
20,544
859,656
Diversified
Telecommunication
Services
—
0.3%
Anterix,
Inc.*
804
31,919
AST
SpaceMobile,
Inc.,
Class
a
A*(b)
5,017
15,904
ATN
International,
Inc.
679
22,774
Bandwidth,
Inc.,
Class
a
A*
1,464
30,071
Cogent
Communications
Holdings,
Inc.
2,734
221,208
Consolidated
Communications
Holdings,
Inc.*
4,788
20,636
Globalstar,
Inc.*
43,740
68,234
IDT
Corp.,
Class
a
B*
957
35,610
Liberty
Latin
America
Ltd.,
Class
a
A*
2,196
14,120
Liberty
Latin
America
Ltd.,
Class
a
C*
8,588
55,994
Lumen
Technologies,
Inc.*
62,939
101,961
Ooma,
Inc.*
1,506
15,361
Shenandoah
Telecommunications
Co.
3,034
56,614
690,406
Electric
Utilities
—
0.5%
ALLETE,
Inc.
3,610
204,471
Genie
Energy
Ltd.,
Class
a
B
1,234
22,508
MGE
Energy,
Inc.
2,279
144,010
Otter
Tail
Corp.
2,579
233,296
PNM
Resources,
Inc.
5,355
195,511
Portland
General
Electric
Co.
6,351
255,120
1,054,916
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Electrical
Equipment
—
1.1%
Allient,
Inc.
807
$
22,935
Amprius
Technologies,
Inc.*
341
1,108
Array
Technologies,
Inc.*
9,460
129,034
Atkore,
Inc.
2,367
400,970
Babcock
&
Wilcox
Enterprises,
Inc.*
3,669
4,696
Blink
Charging
Co.*(b)
3,391
10,783
Bloom
Energy
Corp.,
Class
a
A*(b)
12,031
105,512
Dragonfly
Energy
Holdings
Corp.*(b)
1,826
1,198
Encore
Wire
Corp.
940
226,540
Energy
Vault
Holdings,
Inc.*(b)
6,182
10,386
EnerSys
2,577
236,775
Enovix
Corp.*(b)
8,656
84,396
Eos
Energy
Enterprises,
Inc.*(b)
6,716
6,395
ESS
Tech,
Inc.*(b)
5,693
4,945
Fluence
Energy,
Inc.*(b)
3,661
55,977
FTC
Solar,
Inc.*
4,224
2,163
FuelCell
Energy,
Inc.*(b)
28,396
33,791
GrafTech
International
Ltd.
12,101
21,298
LSI
Industries,
Inc.
1,749
25,238
NEXTracker,
Inc.,
Class
a
A*
8,042
452,282
NuScale
Power
Corp.,
Class
a
A*(b)
3,389
10,506
Powell
Industries,
Inc.
572
105,957
Preformed
Line
Products
Co.
155
21,309
SES
AI
Corp.*(b)
7,793
13,794
Shoals
Technologies
Group,
Inc.,
Class
a
A*
10,709
137,396
SKYX
Platforms
Corp.*(b)
3,911
5,045
Stem,
Inc.*(b)
8,892
23,831
SunPower
Corp.*(b)
5,452
16,956
Thermon
Group
Holdings,
Inc.*
2,088
56,981
TPI
Composites,
Inc.*(b)
2,583
7,207
Vicor
Corp.*
1,385
51,577
2,286,981
Electronic
Equipment,
Instruments
&
Components
—
2.1%
908
Devices,
Inc.*
1,369
10,062
Advanced
Energy
Industries,
Inc.
2,349
237,719
Aeva
Technologies,
Inc.*(b)
5,025
5,075
Akoustis
Technologies,
Inc.*(b)
4,363
2,713
Arlo
Technologies,
Inc.*
5,588
58,171
Badger
Meter,
Inc.
1,838
291,672
Bel
Fuse,
Inc.,
Class
a
B
653
33,936
Belden,
Inc.
2,655
226,153
Benchmark
Electronics,
Inc.
2,209
67,838
Climb
Global
Solutions,
Inc.
259
17,604
CTS
Corp.
1,935
86,224
Daktronics,
Inc.*
2,353
20,424
ePlus,
Inc.*
1,660
136,767
Evolv
Technologies
Holdings,
Inc.*(b)
7,122
33,972
Fabrinet*
2,299
495,595
FARO
Technologies,
Inc.*
1,184
26,510
Insight
Enterprises,
Inc.*
1,793
337,084
Iteris,
Inc.*
2,672
13,948
ULTRA
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
68
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Itron,
Inc.*
2,845
$
263,675
Kimball
Electronics,
Inc.*
1,495
33,653
Knowles
Corp.*
5,613
91,716
Lightwave
Logic,
Inc.*(b)
7,313
30,788
Luna
Innovations,
Inc.*
2,033
13,784
Methode
Electronics,
Inc.
2,129
45,348
MicroVision,
Inc.*(b)
11,778
27,796
Mirion
Technologies,
Inc.,
Class
a
A*
12,512
122,367
Napco
Security
Technologies,
Inc.
2,073
93,347
nLight,
Inc.*
2,796
36,991
Novanta,
Inc.*
2,236
386,694
OSI
Systems,
Inc.*
1,006
131,967
PAR
Technology
Corp.*
1,663
72,873
PC
Connection,
Inc.
715
47,462
Plexus
Corp.*
1,715
161,896
Presto
Automation,
Inc.*
230
72
Richardson
Electronics
Ltd.
756
6,645
Rogers
Corp.*
1,081
121,148
Sanmina
Corp.*
3,531
223,159
ScanSource,
Inc.*
1,543
66,704
SmartRent,
Inc.,
Class
a
A*(b)
11,503
33,359
TTM
Technologies,
Inc.*
6,466
96,020
Vishay
Intertechnology,
Inc.
8,055
175,196
Vishay
Precision
Group,
Inc.*
774
26,742
Vuzix
Corp.*(b)
3,683
6,224
4,417,093
Energy
Equipment
&
Services
—
1.8%
Archrock,
Inc.
8,683
158,638
Atlas
Energy
Solutions,
Inc.,
Class
a
A(b)
1,111
20,953
Borr
Drilling
Ltd.
13,725
82,624
Bristow
Group,
Inc.,
Class
a
A*
1,475
39,751
Cactus,
Inc.,
Class
a
A
4,037
185,298
ChampionX
Corp.
12,230
379,864
Core
Laboratories,
Inc.
2,916
43,653
Diamond
Offshore
Drilling,
Inc.*
6,354
70,466
DMC
Global,
Inc.*
1,219
20,333
Dril-Quip,
Inc.*
2,124
48,002
Expro
Group
Holdings
NV*
5,593
100,059
Forum
Energy
Technologies,
Inc.*
604
12,086
Helix
Energy
Solutions
Group,
Inc.*
8,985
80,865
Helmerich
&
Payne,
Inc.
6,081
233,450
KLX
Energy
Services
Holdings,
Inc.*
791
6,423
Kodiak
Gas
Services,
Inc.
990
25,245
Liberty
Energy,
Inc.,
Class
a
A
10,264
219,444
Mammoth
Energy
Services,
Inc.*(b)
1,454
5,293
Nabors
Industries
Ltd.*
572
44,828
Newpark
Resources,
Inc.*
4,767
30,652
Noble
Corp.
plc
7,034
294,092
Oceaneering
International,
Inc.*
6,276
124,014
Oil
States
International,
Inc.*
3,937
21,220
Patterson-UTI
Energy,
Inc.
22,115
255,871
Investments
Shares
Value
Common
Stocks
(a)
(continued)
ProFrac
Holding
Corp.,
Class
a
A*(b)
1,623
$
13,276
ProPetro
Holding
Corp.*
6,030
44,622
Ranger
Energy
Services,
Inc.,
Class
a
A
917
9,619
RPC,
Inc.
5,311
39,248
SEACOR
Marine
Holdings,
Inc.*
1,503
15,781
Seadrill
Ltd.*
3,155
133,141
Select
Water
Solutions,
Inc.,
Class
a
A
4,986
42,580
Solaris
Oilfield
Infrastructure,
Inc.,
Class
a
A
1,825
15,458
TETRA
Technologies,
Inc.*
7,823
30,510
Tidewater,
Inc.*
2,901
203,157
US
Silica
Holdings,
Inc.*
4,704
54,096
Valaris
Ltd.*
3,773
237,888
Weatherford
International
plc*
4,448
456,409
3,798,909
Entertainment
—
0.3%
Atlanta
Braves
Holdings,
Inc.,
Class
a
A*
627
26,303
Atlanta
Braves
Holdings,
Inc.,
Class
a
C*
2,844
111,257
Cinemark
Holdings,
Inc.*
6,864
119,502
Eventbrite,
Inc.,
Class
a
A*
4,828
27,037
IMAX
Corp.*
2,805
48,050
Lions
Gate
Entertainment
Corp.,
Class
a
A*
3,638
35,325
Lions
Gate
Entertainment
Corp.,
Class
a
B*
7,523
68,309
Loop
Media,
Inc.*(b)
2,395
1,197
Madison
Square
Garden
Entertainment
Corp.,
Class
a
A*
2,482
95,532
Marcus
Corp.
(The)
1,514
22,210
Playstudios,
Inc.*
5,340
12,656
Reservoir
Media,
Inc.*
1,239
8,946
Sphere
Entertainment
Co.*
1,662
71,965
Vivid
Seats,
Inc.,
Class
a
A*
1,524
9,174
657,463
Equity
Real
Estate
Investment
Trusts
(REITs)
—
0.0%(d)
Hudson
Pacific
Properties,
Inc.
8,626
54,689
Financial
Services
—
1.8%
Acacia
Research
Corp.*
2,372
9,583
Alerus
Financial
Corp.
1,119
24,405
A-Mark
Precious
Metals,
Inc.
1,187
30,494
AvidXchange
Holdings,
Inc.*
9,328
123,969
Banco
Latinoamericano
de
Comercio
Exterior
SA,
Class
a
E
1,717
48,025
Cannae
Holdings,
Inc.*
4,288
93,564
Cantaloupe,
Inc.*
3,579
23,264
Cass
Information
Systems,
Inc.
855
41,314
Compass
Diversified
Holdings
3,945
90,735
Enact
Holdings,
Inc.
1,849
51,254
Essent
Group
Ltd.
6,546
350,669
EVERTEC,
Inc.
4,081
147,447
Federal
Agricultural
Mortgage
Corp.,
Class
a
C
570
101,956
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
69
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Finance
of
America
Cos.,
Inc.,
Class
a
A*(b)
3,334
$
2,882
Flywire
Corp.*
6,636
188,396
I3
Verticals,
Inc.,
Class
a
A*
1,406
29,962
International
Money
Express,
Inc.*
1,999
39,380
Jackson
Financial,
Inc.,
Class
a
A
5,174
284,829
Marqeta,
Inc.,
Class
a
A*
29,986
195,809
Merchants
Bancorp
991
42,474
Mr
Cooper
Group,
Inc.*
4,029
287,187
NewtekOne,
Inc.
1,454
16,779
NMI
Holdings,
Inc.,
Class
a
A*
5,052
151,964
Ocwen
Financial
Corp.*(b)
401
10,458
Pagseguro
Digital
Ltd.,
Class
a
A*
12,401
172,622
Payoneer
Global,
Inc.*
16,547
80,418
Paysafe
Ltd.*
2,027
29,184
Paysign,
Inc.*
2,037
6,233
PennyMac
Financial
Services,
Inc.
1,594
135,378
Priority
Technology
Holdings,
Inc.*
1,102
3,648
Radian
Group,
Inc.
9,829
286,417
Remitly
Global,
Inc.*
8,312
171,393
Repay
Holdings
Corp.,
Class
a
A*
5,178
44,997
Security
National
Financial
Corp.,
Class
a
A*
788
6,793
StoneCo
Ltd.,
Class
a
A*
18,168
312,671
SWK
Holdings
Corp.*
229
3,792
Velocity
Financial,
Inc.*
547
8,943
Walker
&
Dunlop,
Inc.
1,986
189,425
Waterstone
Financial,
Inc.
1,098
13,890
3,852,603
Food
Products
—
0.7%
Alico,
Inc.
445
12,331
B&G
Foods,
Inc.(b)
4,440
51,282
Benson
Hill,
Inc.*(b)
10,810
2,676
Beyond
Meat,
Inc.*(b)
3,701
39,564
BRC,
Inc.,
Class
a
A*(b)
2,443
10,090
Calavo
Growers,
Inc.
1,080
31,169
Cal-Maine
Foods,
Inc.
2,564
147,404
Dole
plc
4,466
52,743
Forafric
Global
plc*(b)
331
3,456
Fresh
Del
Monte
Produce,
Inc.
2,126
50,875
Hain
Celestial
Group,
Inc.
(The)*(b)
5,585
55,850
J
&
J
Snack
Foods
Corp.
941
136,520
John
B
Sanfilippo
&
Son,
Inc.
559
57,225
Lancaster
Colony
Corp.
1,220
252,442
Limoneira
Co.
1,093
20,177
Mission
Produce,
Inc.*
3,026
31,924
Seneca
Foods
Corp.,
Class
a
A*
328
16,616
Simply
Good
Foods
Co.
(The)*
5,670
201,172
Sovos
Brands,
Inc.*
3,451
78,648
SunOpta,
Inc.*
5,851
41,133
TreeHouse
Foods,
Inc.*
3,217
115,136
Utz
Brands,
Inc.
4,497
79,552
Vital
Farms,
Inc.*
1,906
34,251
Westrock
Coffee
Co.*(b)
1,773
17,943
1,540,179
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Gas
Utilities
—
0.7%
Brookfield
Infrastructure
Corp.,
Class
a
A(b)
7,488
$
248,377
Chesapeake
Utilities
Corp.
1,329
135,598
New
Jersey
Resources
Corp.
6,071
252,614
Northwest
Natural
Holding
Co.
2,243
82,408
ONE
Gas,
Inc.
3,448
205,501
RGC
Resources,
Inc.
500
9,380
Southwest
Gas
Holdings,
Inc.
3,859
262,991
Spire,
Inc.
3,219
190,951
1,387,820
Ground
Transportation
—
0.3%
ArcBest
Corp.
1,486
212,290
Covenant
Logistics
Group,
Inc.,
Class
a
A
519
25,265
Daseke,
Inc.*
2,564
21,153
FTAI
Infrastructure,
Inc.
6,177
28,291
Heartland
Express,
Inc.
2,926
37,394
Marten
Transport
Ltd.
3,628
68,388
PAM
Transportation
Services,
Inc.*
386
7,149
RXO,
Inc.*
7,258
156,192
Universal
Logistics
Holdings,
Inc.
424
14,344
Werner
Enterprises,
Inc.
3,953
158,673
729,139
Health
Care
Equipment
&
Supplies
—
2.0%
Accuray,
Inc.*(b)
5,888
15,309
Alphatec
Holdings,
Inc.*
5,757
77,317
AngioDynamics,
Inc.*
2,392
13,132
Artivion,
Inc.*
2,459
47,459
AtriCure,
Inc.*
2,908
101,693
Atrion
Corp.
86
31,647
Avanos
Medical,
Inc.*
2,888
53,630
Axogen,
Inc.*
2,538
26,801
Axonics,
Inc.*
3,105
210,954
Beyond
Air,
Inc.*(b)
1,692
3,469
Butterfly
Network,
Inc.*(b)
8,843
10,523
Cerus
Corp.*
11,075
24,144
ClearPoint
Neuro,
Inc.*
1,430
9,138
CONMED
Corp.
1,913
153,652
Cutera,
Inc.*(b)
1,143
2,560
CVRx,
Inc.*
694
13,623
Embecta
Corp.
3,607
51,508
Glaukos
Corp.*
2,961
262,315
Haemonetics
Corp.*
3,131
228,500
Inari
Medical,
Inc.*
3,335
153,810
Inmode
Ltd.*
4,836
106,392
Inogen,
Inc.*
1,454
9,669
Integer
Holdings
Corp.*
2,073
228,631
iRadimed
Corp.
457
19,180
iRhythm
Technologies,
Inc.*
1,916
227,333
KORU
Medical
Systems,
Inc.*
2,143
4,543
Lantheus
Holdings,
Inc.*
4,248
277,734
LeMaitre
Vascular,
Inc.
1,233
86,310
LivaNova
plc*
3,387
185,641
Merit
Medical
Systems,
Inc.*
3,550
270,510
ULTRA
RUSSELL2000
::
FEBRUARY
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2024
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INVESTMENTS
PROSHARES
TRUST
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UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Neogen
Corp.*
13,605
$
233,870
Nevro
Corp.*
2,217
32,280
Omnicell,
Inc.*
2,806
73,629
OraSure
Technologies,
Inc.*
4,497
32,356
Orchestra
BioMed
Holdings,
Inc.*(b)
910
5,860
Orthofix
Medical,
Inc.*
2,195
28,667
OrthoPediatrics
Corp.*
991
27,213
Outset
Medical,
Inc.*(b)
3,121
9,831
Paragon
28,
Inc.*
2,741
34,208
PROCEPT
BioRobotics
Corp.*
2,518
121,720
Pulmonx
Corp.*
2,289
21,105
Pulse
Biosciences,
Inc.*(b)
1,008
9,959
RxSight,
Inc.*
1,774
96,807
Sanara
Medtech,
Inc.*(b)
241
9,168
Semler
Scientific,
Inc.*
287
13,538
SI-BONE,
Inc.*
2,483
43,080
Sight
Sciences,
Inc.*(b)
1,349
5,423
Silk
Road
Medical,
Inc.*
2,398
43,140
STAAR
Surgical
Co.*
3,034
94,782
Surmodics,
Inc.*
860
27,434
Tactile
Systems
Technology,
Inc.*
1,452
22,143
Tela
Bio,
Inc.*
1,010
6,828
TransMedics
Group,
Inc.*
1,981
161,650
Treace
Medical
Concepts,
Inc.*
2,822
37,928
UFP
Technologies,
Inc.*
443
92,281
Utah
Medical
Products,
Inc.
215
15,089
Varex
Imaging
Corp.*
2,422
41,658
Vicarious
Surgical,
Inc.,
Class
a
A*
6,246
2,651
Zimvie,
Inc.*
1,613
27,340
Zynex,
Inc.*(b)
1,138
15,431
4,294,196
Health
Care
Providers
&
Services
—
1.9%
23andMe
Holding
Co.,
Class
a
A*
18,997
10,828
Accolade,
Inc.*
4,233
43,388
AdaptHealth
Corp.,
Class
a
A*
5,974
61,114
Addus
HomeCare
Corp.*
977
90,157
Agiliti,
Inc.*
1,851
18,269
AirSculpt
Technologies,
Inc.*(b)
760
4,796
Alignment
Healthcare,
Inc.*
5,312
31,872
AMN
Healthcare
Services,
Inc.*
2,380
133,923
Astrana
Health,
Inc.*
2,675
120,482
Aveanna
Healthcare
Holdings,
Inc.*
3,160
7,489
Brookdale
Senior
Living,
Inc.*
11,637
66,564
CareMax,
Inc.*
156
1,200
Castle
Biosciences,
Inc.*
1,550
27,993
Community
Health
Systems,
Inc.*
7,847
21,893
CorVel
Corp.*
545
132,980
Cross
Country
Healthcare,
Inc.*
2,150
39,280
DocGo,
Inc.*
4,855
19,760
Enhabit,
Inc.*
3,143
28,287
Ensign
Group,
Inc.
(The)
3,405
425,353
Fulgent
Genetics,
Inc.*
1,277
28,809
Guardant
Health,
Inc.*
7,050
133,950
HealthEquity,
Inc.*
5,249
433,620
Hims
&
Hers
Health,
Inc.*
7,629
99,482
Investments
Shares
Value
Common
Stocks
(a)
(continued)
InfuSystem
Holdings,
Inc.*
1,134
$
10,489
Innovage
Holding
Corp.*
1,180
5,711
Joint
Corp.
(The)*
888
8,756
LifeStance
Health
Group,
Inc.*(b)
6,625
55,319
ModivCare,
Inc.*
796
22,320
Nano-X
Imaging
Ltd.*(b)
2,978
33,234
National
HealthCare
Corp.
780
76,955
National
Research
Corp.
898
36,207
NeoGenomics,
Inc.*
7,953
124,067
OPKO
Health,
Inc.*(b)
25,173
25,173
Option
Care
Health,
Inc.*
10,467
337,770
Owens
&
Minor,
Inc.*
4,637
112,818
P3
Health
Partners,
Inc.*
2,545
2,647
Patterson
Cos.,
Inc.
5,364
145,311
Pediatrix
Medical
Group,
Inc.*
5,254
48,074
Pennant
Group,
Inc.
(The)*
1,780
33,197
PetIQ,
Inc.,
Class
a
A*
1,706
31,066
Privia
Health
Group,
Inc.*
7,030
156,910
Progyny,
Inc.*
4,960
181,139
Quipt
Home
Medical
Corp.*
2,558
10,974
RadNet,
Inc.*
3,760
142,354
Select
Medical
Holdings
Corp.
6,491
176,750
Surgery
Partners,
Inc.*
4,752
147,454
US
Physical
Therapy,
Inc.
929
98,725
Viemed
Healthcare,
Inc.*
2,130
18,020
4,022,929
Health
Care
REITs
—
0.3%
CareTrust
REIT,
Inc.,
REIT
6,256
141,135
Community
Healthcare
Trust,
Inc.,
REIT
1,667
45,242
Diversified
Healthcare
Trust,
REIT
14,920
48,938
Global
Medical
REIT,
Inc.,
REIT
3,808
34,082
LTC
Properties,
Inc.,
REIT
2,562
80,601
National
Health
Investors,
Inc.,
REIT
2,607
149,824
Sabra
Health
Care
REIT,
Inc.,
REIT
14,458
200,677
Universal
Health
Realty
Income
Trust,
REIT
804
31,179
731,678
Health
Care
Technology
—
0.3%
American
Well
Corp.,
Class
a
A*
15,541
16,784
Computer
Programs
and
Systems,
Inc.*
892
7,903
Definitive
Healthcare
Corp.,
Class
a
A*
2,897
27,580
Evolent
Health,
Inc.,
Class
a
A*
6,876
233,165
Health
Catalyst,
Inc.*
3,528
29,353
HealthStream,
Inc.
1,505
41,057
Multiplan
Corp.*(b)
24,019
26,901
OptimizeRx
Corp.*
1,009
15,973
Phreesia,
Inc.*
3,307
81,848
Schrodinger,
Inc.*
3,402
86,615
Sharecare,
Inc.*
19,246
18,091
Simulations
Plus,
Inc.
990
41,085
626,355
FEBRUARY
29,
2024
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::
ULTRA
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SCHEDULE
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INVESTMENTS
PROSHARES
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UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Hotel
&
Resort
REITs
—
0.7%
Apple
Hospitality
REIT,
Inc.,
REIT
13,468
$
216,700
Braemar
Hotels
&
Resorts,
Inc.,
REIT
4,094
9,334
Chatham
Lodging
Trust,
REIT
3,010
30,702
DiamondRock
Hospitality
Co.,
REIT
13,134
123,459
Pebblebrook
Hotel
Trust,
REIT
7,421
117,549
RLJ
Lodging
Trust,
REIT
9,677
114,866
Ryman
Hospitality
Properties,
Inc.,
REIT
3,645
431,860
Service
Properties
Trust,
REIT
10,299
70,033
Summit
Hotel
Properties,
Inc.,
REIT
6,545
42,019
Sunstone
Hotel
Investors,
Inc.,
REIT
13,012
145,604
Xenia
Hotels
&
Resorts,
Inc.,
REIT
6,708
102,901
1,405,027
Hotels,
Restaurants
&
Leisure
—
1.7%
Accel
Entertainment,
Inc.,
Class
a
A*
3,330
37,729
Bally's
Corp.*
1,841
20,693
Biglari
Holdings,
Inc.,
Class
a
B*
46
7,968
BJ's
Restaurants,
Inc.*
1,421
49,763
Bloomin'
Brands,
Inc.
5,474
148,783
Bowlero
Corp.,
Class
a
A(b)
1,054
13,122
Brinker
International,
Inc.*
2,740
126,972
Carrols
Restaurant
Group,
Inc.
2,293
21,715
Century
Casinos,
Inc.*
1,717
4,996
Cheesecake
Factory,
Inc.
(The)
3,030
107,201
Chuy's
Holdings,
Inc.*
1,128
38,160
Cracker
Barrel
Old
Country
Store,
Inc.(b)
1,378
91,127
Dave
&
Buster's
Entertainment,
Inc.*
2,257
139,347
Denny's
Corp.*
3,203
29,564
Dine
Brands
Global,
Inc.
966
46,861
El
Pollo
Loco
Holdings,
Inc.*
1,735
15,719
Everi
Holdings,
Inc.*
5,271
62,514
First
Watch
Restaurant
Group,
Inc.*
1,387
34,744
Full
House
Resorts,
Inc.*
2,050
10,517
Global
Business
Travel
Group
I*(b)
2,014
12,084
Golden
Entertainment,
Inc.
1,264
46,844
Hilton
Grand
Vacations,
Inc.*
5,021
225,342
Inspired
Entertainment,
Inc.*
1,355
13,414
International
Game
Technology
plc
6,782
184,267
Jack
in
the
Box,
Inc.
1,266
92,418
Krispy
Kreme,
Inc.
5,467
70,743
Kura
Sushi
USA,
Inc.,
Class
a
A*
364
34,591
Life
Time
Group
Holdings,
Inc.*
2,788
38,307
Light
&
Wonder,
Inc.*
5,705
573,410
Lindblad
Expeditions
Holdings,
Inc.*
2,183
20,236
Monarch
Casino
&
Resort,
Inc.
841
59,164
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Mondee
Holdings,
Inc.,
Class
a
A*(b)
2,833
$
6,374
Nathan's
Famous,
Inc.
176
12,364
Noodles
&
Co.,
Class
a
A*
2,505
6,288
ONE
Group
Hospitality,
Inc.
(The)*
1,371
5,361
Papa
John's
International,
Inc.
2,054
147,662
PlayAGS,
Inc.*
2,305
21,390
Portillo's,
Inc.,
Class
a
A*
2,830
41,120
Potbelly
Corp.*
1,629
22,611
RCI
Hospitality
Holdings,
Inc.
546
30,773
Red
Robin
Gourmet
Burgers,
Inc.*
991
7,413
Red
Rock
Resorts,
Inc.,
Class
a
A
2,973
172,404
Rush
Street
Interactive,
Inc.*
4,035
23,605
Sabre
Corp.*
20,682
54,807
Shake
Shack,
Inc.,
Class
a
A*
2,359
250,809
Six
Flags
Entertainment
Corp.*
4,512
114,334
Super
Group
SGHC
Ltd.*
8,517
28,106
Sweetgreen,
Inc.,
Class
a
A*
6,032
76,848
Target
Hospitality
Corp.*
1,952
18,895
United
Parks
&
Resorts,
Inc.*
2,271
116,616
Xponential
Fitness,
Inc.,
Class
a
A*
1,571
15,836
3,551,931
Household
Durables
—
1.8%
Beazer
Homes
USA,
Inc.*
1,840
57,647
Cavco
Industries,
Inc.*
547
203,796
Century
Communities,
Inc.
1,776
153,251
Cricut,
Inc.,
Class
a
A
2,985
14,418
Dream
Finders
Homes,
Inc.,
Class
a
A*
1,513
59,204
Ethan
Allen
Interiors,
Inc.
1,426
47,671
GoPro,
Inc.,
Class
a
A*
7,876
18,430
Green
Brick
Partners,
Inc.*
1,629
95,297
Helen
of
Troy
Ltd.*
1,485
185,625
Hooker
Furnishings
Corp.
667
16,348
Hovnanian
Enterprises,
Inc.,
Class
a
A*
305
47,781
Installed
Building
Products,
Inc.
1,481
353,855
iRobot
Corp.*(b)
1,712
19,534
KB
Home
4,449
295,547
Landsea
Homes
Corp.*
1,261
17,175
La-Z-Boy,
Inc.
2,711
102,991
Legacy
Housing
Corp.*
619
15,921
LGI
Homes,
Inc.*
1,300
148,317
Lovesac
Co.
(The)*
876
20,183
M/I
Homes,
Inc.*
1,683
213,724
MDC
Holdings,
Inc.
3,746
234,874
Meritage
Homes
Corp.
2,275
358,676
Purple
Innovation,
Inc.,
Class
a
A
3,420
6,361
Skyline
Champion
Corp.*
3,347
280,445
Snap
One
Holdings
Corp.*(b)
1,142
9,456
Sonos,
Inc.*
7,933
150,410
Taylor
Morrison
Home
Corp.,
Class
a
A*
6,472
366,380
Traeger,
Inc.*
2,215
4,917
Tri
Pointe
Homes,
Inc.*
6,005
212,457
United
Homes
Group,
Inc.*(b)
337
2,352
ULTRA
RUSSELL2000
::
FEBRUARY
29,
2024
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SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
72
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Vizio
Holding
Corp.,
Class
a
A*
4,794
$
52,782
VOXX
International
Corp.,
Class
a
A*
740
6,290
Worthington
Enterprises,
Inc.
1,924
119,519
3,891,634
Household
Products
—
0.2%
Central
Garden
&
Pet
Co.*
602
26,410
Central
Garden
&
Pet
Co.,
Class
a
A*
3,223
121,475
Energizer
Holdings,
Inc.
4,475
127,761
Oil-Dri
Corp.
of
America
306
21,815
WD-40
Co.
848
227,594
525,055
Independent
Power
and
Renewable
Electricity
Producers
—
0.2%
Altus
Power,
Inc.,
Class
a
A*
3,989
27,165
Montauk
Renewables,
Inc.*
4,161
23,635
Ormat
Technologies,
Inc.
3,340
217,601
Sunnova
Energy
International,
Inc.*
6,637
48,317
316,718
Industrial
Conglomerates
—
0.0%(d)
Brookfield
Business
Corp.,
Class
a
A
1,622
37,079
Industrial
REITs
—
0.3%
Innovative
Industrial
Properties,
Inc.,
REIT
1,744
170,895
LXP
Industrial
Trust,
REIT
18,099
156,737
Plymouth
Industrial
REIT,
Inc.,
REIT
2,758
59,490
Terreno
Realty
Corp.,
REIT
5,177
332,881
720,003
Insurance
—
1.4%
Ambac
Financial
Group,
Inc.*
2,763
45,203
American
Coastal
Insurance
Corp.*(b)
1,224
17,063
American
Equity
Investment
Life
Holding
Co.*
4,910
272,701
AMERISAFE,
Inc.
1,191
62,837
BRP
Group,
Inc.,
Class
a
A*
3,760
104,603
CNO
Financial
Group,
Inc.
6,996
186,723
Crawford
&
Co.,
Class
a
A
904
10,586
Donegal
Group,
Inc.,
Class
a
A
974
13,636
eHealth,
Inc.*
1,750
11,550
Employers
Holdings,
Inc.
1,602
73,227
Enstar
Group
Ltd.*
745
229,415
F&G
Annuities
&
Life,
Inc.
1,169
44,165
Fidelis
Insurance
Holdings
Ltd.*
946
14,152
Genworth
Financial,
Inc.,
Class
a
A*
28,865
177,520
GoHealth,
Inc.,
Class
a
A*
259
3,486
Goosehead
Insurance,
Inc.,
Class
a
A*
1,346
101,825
Greenlight
Capital
Re
Ltd.,
Class
a
A*
1,613
20,372
HCI
Group,
Inc.
402
39,243
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Hippo
Holdings,
Inc.*(b)
664
$
9,329
Horace
Mann
Educators
Corp.
2,566
92,864
Investors
Title
Co.
76
11,812
James
River
Group
Holdings
Ltd.
2,312
23,097
Kingsway
Financial
Services,
Inc.*
680
5,998
Lemonade,
Inc.*(b)
3,166
51,416
Maiden
Holdings
Ltd.*(b)
5,665
7,648
MBIA,
Inc.
2,854
18,637
Mercury
General
Corp.
1,674
81,507
National
Western
Life
Group,
Inc.,
Class
a
A
142
68,952
NI
Holdings,
Inc.*
515
7,210
Oscar
Health,
Inc.,
Class
a
A*
9,844
160,063
Palomar
Holdings,
Inc.*
1,523
115,961
ProAssurance
Corp.
3,255
40,134
Safety
Insurance
Group,
Inc.
897
73,697
Selective
Insurance
Group,
Inc.
3,760
392,845
Selectquote,
Inc.*
8,515
16,519
SiriusPoint
Ltd.*
4,363
53,534
Skyward
Specialty
Insurance
Group,
Inc.*
1,490
54,519
Stewart
Information
Services
Corp.
1,671
105,240
Tiptree,
Inc.,
Class
a
A
1,498
26,230
Trupanion,
Inc.*(b)
2,472
66,126
United
Fire
Group,
Inc.
1,313
30,580
Universal
Insurance
Holdings,
Inc.
1,516
30,608
2,972,833
Interactive
Media
&
Services
—
0.5%
Bumble,
Inc.,
Class
a
A*
6,320
72,364
Cargurus,
Inc.,
Class
a
A*
6,109
135,253
Cars.com,
Inc.*
4,154
76,184
DHI
Group,
Inc.*
2,672
7,562
EverQuote,
Inc.,
Class
a
A*
1,340
21,467
fuboTV,
Inc.*
17,683
36,604
Grindr,
Inc.*(b)
2,559
21,189
MediaAlpha,
Inc.,
Class
a
A*
1,411
29,278
Nextdoor
Holdings,
Inc.*
9,084
19,894
Outbrain,
Inc.*
2,561
9,425
QuinStreet,
Inc.*
3,299
48,264
Shutterstock,
Inc.
1,540
75,090
System1,
Inc.*(b)
2,041
3,408
TrueCar,
Inc.*
5,589
19,450
Vimeo,
Inc.*
9,505
45,529
Yelp,
Inc.,
Class
a
A*
4,158
159,834
Ziff
Davis,
Inc.*
2,891
198,785
ZipRecruiter,
Inc.,
Class
a
A*
4,224
53,729
1,033,309
IT
Services
—
0.4%
Applied
Digital
Corp.*(b)
5,119
21,244
BigBear.ai
Holdings,
Inc.*(b)
1,827
6,139
BigCommerce
Holdings,
Inc.,
Series
1*
4,195
32,511
Brightcove,
Inc.*
2,723
6,031
Couchbase,
Inc.*
2,172
60,990
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
73
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
DigitalOcean
Holdings,
Inc.*
3,959
$
150,125
Fastly,
Inc.,
Class
a
A*
7,544
107,276
Grid
Dynamics
Holdings,
Inc.*
3,517
47,444
Hackett
Group,
Inc.
(The)
1,562
38,613
Information
Services
Group,
Inc.
2,191
9,487
Perficient,
Inc.*
2,144
139,081
Rackspace
Technology,
Inc.*(b)
3,948
8,330
Squarespace,
Inc.,
Class
a
A*
3,153
104,932
Thoughtworks
Holding,
Inc.*
5,779
18,030
Tucows,
Inc.,
Class
a
A*
620
11,718
Unisys
Corp.*
4,150
21,539
783,490
Leisure
Products
—
0.3%
Acushnet
Holdings
Corp.
1,926
124,073
AMMO,
Inc.*(b)
5,629
13,397
Clarus
Corp.
1,827
10,524
Escalade,
Inc.(b)
621
9,209
Funko,
Inc.,
Class
a
A*
2,226
15,671
JAKKS
Pacific,
Inc.*
460
16,151
Johnson
Outdoors,
Inc.,
Class
a
A
338
15,534
Latham
Group,
Inc.*
2,424
8,217
Malibu
Boats,
Inc.,
Class
a
A*
1,269
55,379
Marine
Products
Corp.
525
6,016
MasterCraft
Boat
Holdings,
Inc.*
1,059
23,224
Smith
&
Wesson
Brands,
Inc.
2,855
39,199
Solo
Brands,
Inc.,
Class
a
A*
1,241
3,351
Sturm
Ruger
&
Co.,
Inc.
1,093
47,349
Topgolf
Callaway
Brands
Corp.*
8,988
127,989
Vista
Outdoor,
Inc.*
3,609
112,601
627,884
Life
Sciences
Tools
&
Services
—
0.2%
Adaptive
Biotechnologies
Corp.*
7,089
29,136
Akoya
Biosciences,
Inc.*
1,446
8,300
BioLife
Solutions,
Inc.*
2,172
36,707
Codexis,
Inc.*
4,350
20,227
CryoPort,
Inc.*
2,701
47,727
Cytek
Biosciences,
Inc.*
7,564
58,243
Harvard
Bioscience,
Inc.*
2,530
10,955
MaxCyte,
Inc.*
5,454
25,088
Mesa
Laboratories,
Inc.
322
35,159
Nautilus
Biotechnology,
Inc.,
Class
a
A*
3,150
8,473
OmniAb,
Inc.*
5,820
33,989
Pacific
Biosciences
of
California,
Inc.*
15,716
86,909
Quanterix
Corp.*
2,199
52,688
Quantum-Si,
Inc.*(b)
6,349
10,603
Seer,
Inc.,
Class
a
A*
3,658
6,658
470,862
Machinery
—
2.7%
374Water,
Inc.*(b)
3,850
5,120
3D
Systems
Corp.*
8,158
33,774
Alamo
Group,
Inc.
630
127,443
Albany
International
Corp.,
Class
a
A
1,954
183,422
Astec
Industries,
Inc.
1,419
57,611
Barnes
Group,
Inc.
3,059
106,881
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Blue
Bird
Corp.*
1,581
$
53,501
Chart
Industries,
Inc.*
2,685
383,579
Columbus
McKinnon
Corp.
1,761
73,557
Commercial
Vehicle
Group,
Inc.*
2,029
13,270
Desktop
Metal,
Inc.,
Class
a
A*(b)
17,508
10,710
Douglas
Dynamics,
Inc.
1,409
35,366
Energy
Recovery,
Inc.*
3,478
54,361
Enerpac
Tool
Group
Corp.,
Class
a
A
3,410
114,951
Enpro,
Inc.
1,308
203,813
ESCO
Technologies,
Inc.
1,599
162,922
Federal
Signal
Corp.
3,743
306,589
Franklin
Electric
Co.,
Inc.
2,885
299,925
Gencor
Industries,
Inc.*
658
10,785
Gorman-Rupp
Co.
(The)
1,429
53,345
Greenbrier
Cos.,
Inc.
(The)
1,906
98,635
Helios
Technologies,
Inc.
2,072
91,479
Hillenbrand,
Inc.
4,378
208,174
Hillman
Solutions
Corp.*
12,194
118,770
Hyliion
Holdings
Corp.*
9,213
16,768
Hyster-Yale
Materials
Handling,
Inc.
695
40,922
John
Bean
Technologies
Corp.
1,989
201,844
Kadant,
Inc.
731
246,566
Kennametal,
Inc.
5,038
127,159
Lindsay
Corp.
691
82,443
Luxfer
Holdings
plc
1,664
16,507
Manitowoc
Co.,
Inc.
(The)*
2,176
30,333
Mayville
Engineering
Co.,
Inc.*
700
8,568
Microvast
Holdings,
Inc.*(b)
13,417
11,543
Miller
Industries,
Inc.
694
31,237
Mueller
Industries,
Inc.
7,001
359,711
Mueller
Water
Products,
Inc.,
Class
a
A
9,693
150,726
Nikola
Corp.*(b)
38,775
28,856
Omega
Flex,
Inc.
204
14,209
Park-Ohio
Holdings
Corp.
534
14,343
Proto
Labs,
Inc.*
1,646
59,964
REV
Group,
Inc.
1,976
40,785
Shyft
Group,
Inc.
(The)
2,111
21,764
SPX
Technologies,
Inc.*
2,757
323,093
Standex
International
Corp.
736
127,328
Tennant
Co.
1,156
130,848
Terex
Corp.
4,154
238,232
Titan
International,
Inc.*
3,273
41,763
Trinity
Industries,
Inc.
5,071
128,702
Velo3D,
Inc.*(b)
5,676
1,550
Wabash
National
Corp.
2,876
78,457
Watts
Water
Technologies,
Inc.,
Class
a
A
1,709
348,550
5,730,754
Marine
Transportation
—
0.2%
Costamare,
Inc.
2,901
32,984
Eagle
Bulk
Shipping,
Inc.(b)
578
35,414
Genco
Shipping
&
Trading
Ltd.
2,628
53,611
Golden
Ocean
Group
Ltd.
7,686
98,919
Himalaya
Shipping
Ltd.*(b)
1,760
13,887
Matson,
Inc.
2,155
239,313
ULTRA
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
74
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Pangaea
Logistics
Solutions
Ltd.
2,274
$
19,056
Safe
Bulkers,
Inc.
4,139
19,205
512,389
Media
—
0.5%
Advantage
Solutions,
Inc.*
5,422
20,658
AMC
Networks,
Inc.,
Class
a
A*
1,929
24,961
Boston
Omaha
Corp.,
Class
a
A*
1,465
24,041
Cardlytics,
Inc.*
2,281
18,909
Clear
Channel
Outdoor
Holdings,
Inc.*
23,414
40,272
Daily
Journal
Corp.*
84
28,438
EchoStar
Corp.,
Class
a
A*
7,625
99,964
Emerald
Holding,
Inc.*
975
5,226
Entravision
Communications
Corp.,
Class
a
A
3,748
14,430
EW
Scripps
Co.
(The),
Class
a
A*
3,715
14,971
Gambling.com
Group
Ltd.*
957
8,766
Gannett
Co.,
Inc.*
9,004
19,179
Gray
Television,
Inc.
5,271
30,783
iHeartMedia,
Inc.,
Class
a
A*
6,482
17,955
Integral
Ad
Science
Holding
Corp.*
3,031
31,401
John
Wiley
&
Sons,
Inc.,
Class
a
A
2,276
75,905
Magnite,
Inc.*
8,450
101,569
PubMatic,
Inc.,
Class
a
A*
2,670
55,910
Scholastic
Corp.
1,671
65,904
Sinclair,
Inc.
2,049
30,428
Stagwell,
Inc.,
Class
a
A*
5,010
26,753
TechTarget,
Inc.*
1,588
50,355
TEGNA,
Inc.
12,611
176,680
Thryv
Holdings,
Inc.*
1,935
40,519
Townsquare
Media,
Inc.,
Class
a
A
729
7,757
Urban
One,
Inc.*
711
2,069
Urban
One,
Inc.,
Class
a
A*
565
1,870
WideOpenWest,
Inc.*
3,123
12,492
1,048,165
Metals
&
Mining
—
1.3%
5E
Advanced
Materials,
Inc.*(b)
2,453
4,440
Alpha
Metallurgical
Resources,
Inc.
721
271,997
Arch
Resources,
Inc.
1,124
185,786
ATI,
Inc.*
8,056
396,194
Caledonia
Mining
Corp.
plc
1,025
10,137
Carpenter
Technology
Corp.
3,056
197,570
Century
Aluminum
Co.*
3,285
34,394
Coeur
Mining,
Inc.*
20,677
53,553
Commercial
Metals
Co.
7,318
395,172
Compass
Minerals
International,
Inc.
2,139
48,769
Constellium
SE,
Class
a
A*
8,046
156,012
Contango
ORE,
Inc.*(b)
486
8,228
Dakota
Gold
Corp.*
3,510
7,441
Haynes
International,
Inc.
781
46,415
Hecla
Mining
Co.
38,125
134,963
i-80
Gold
Corp.*
12,056
15,191
Ivanhoe
Electric,
Inc.*
3,944
29,186
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Kaiser
Aluminum
Corp.
997
$
72,302
Materion
Corp.
1,283
172,333
Metallus,
Inc.*
2,715
59,051
NioCorp
Developments
Ltd.*
131
342
Novagold
Resources,
Inc.*
15,099
37,446
Olympic
Steel,
Inc.
615
41,832
Perpetua
Resources
Corp.*(b)
2,357
6,812
Piedmont
Lithium,
Inc.*(b)
1,120
16,307
Radius
Recycling,
Inc.,
Class
a
A
1,615
31,912
Ramaco
Resources,
Inc.,
Class
a
A
1,392
24,471
Ramaco
Resources,
Inc.,
Class
a
B
282
3,384
Ryerson
Holding
Corp.
1,757
55,486
SunCoke
Energy,
Inc.
5,219
55,896
Tredegar
Corp.
1,665
7,243
Warrior
Met
Coal,
Inc.
3,231
184,070
Worthington
Steel,
Inc.*
1,924
60,914
2,825,249
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.8%
AFC
Gamma,
Inc.
1,023
11,764
Angel
Oak
Mortgage
REIT,
Inc.
737
7,716
Apollo
Commercial
Real
Estate
Finance,
Inc.
8,868
99,410
Arbor
Realty
Trust,
Inc.(b)
11,497
154,060
Ares
Commercial
Real
Estate
Corp.
3,246
24,475
ARMOUR
Residential
REIT,
Inc.
(b)
3,070
60,786
Blackstone
Mortgage
Trust,
Inc.,
Class
a
A(b)
10,763
219,242
BrightSpire
Capital,
Inc.,
Class
a
A
8,046
55,598
Chicago
Atlantic
Real
Estate
Finance,
Inc.
1,022
16,648
Chimera
Investment
Corp.
14,206
61,938
Claros
Mortgage
Trust,
Inc.
5,668
54,866
Dynex
Capital,
Inc.
3,525
43,499
Ellington
Financial,
Inc.
4,694
53,183
Franklin
BSP
Realty
Trust,
Inc.
5,192
67,029
Granite
Point
Mortgage
Trust,
Inc.
3,191
15,125
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc.
6,611
166,399
Invesco
Mortgage
Capital,
Inc.
2,807
25,349
KKR
Real
Estate
Finance
Trust,
Inc.
3,678
35,861
Ladder
Capital
Corp.,
Class
a
A
7,073
76,459
MFA
Financial,
Inc.
6,389
71,685
New
York
Mortgage
Trust,
Inc.
5,683
40,974
Nexpoint
Real
Estate
Finance,
Inc.
503
7,062
Orchid
Island
Capital,
Inc.(b)
3,287
28,268
PennyMac
Mortgage
Investment
Trust
5,427
76,684
Ready
Capital
Corp.
10,008
88,371
Redwood
Trust,
Inc.
7,113
43,603
TPG
RE
Finance
Trust,
Inc.
4,313
32,261
Two
Harbors
Investment
Corp.
6,073
76,945
1,715,260
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
75
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Multi-Utilities
—
0.3%
Avista
Corp.
4,790
$
159,028
Black
Hills
Corp.
4,215
219,307
Northwestern
Energy
Group,
Inc.
3,851
184,540
Unitil
Corp.
997
50,807
613,682
Office
REITs
—
0.5%
Brandywine
Realty
Trust,
REIT
10,628
45,700
City
Office
REIT,
Inc.,
REIT
2,435
11,152
COPT
Defense
Properties,
REIT
7,044
170,676
Douglas
Emmett,
Inc.,
REIT
10,072
133,152
Easterly
Government
Properties,
Inc.,
Class
a
A,
REIT
5,986
70,635
Equity
Commonwealth,
REIT*
6,376
120,060
JBG
SMITH
Properties,
REIT
6,339
105,101
Office
Properties
Income
Trust,
REIT
3,006
8,026
Orion
Office
REIT,
Inc.,
REIT
3,569
12,527
Paramount
Group,
Inc.,
REIT
11,554
51,184
Peakstone
Realty
Trust,
REIT(b)
2,259
31,106
Piedmont
Office
Realty
Trust,
Inc.,
Class
a
A,
REIT
7,713
48,361
Postal
Realty
Trust,
Inc.,
Class
a
A,
REIT
1,274
18,244
SL
Green
Realty
Corp.,
REIT(b)
4,047
196,199
1,022,123
Oil,
Gas
&
Consumable
Fuels
—
3.4%
Amplify
Energy
Corp.*
2,264
13,675
Ardmore
Shipping
Corp.
2,606
42,295
Berry
Corp.
4,706
33,177
California
Resources
Corp.
4,352
227,044
Callon
Petroleum
Co.*
3,825
119,187
Centrus
Energy
Corp.,
Class
a
A*
766
31,245
Chord
Energy
Corp.
2,614
424,644
Civitas
Resources,
Inc.
5,056
347,246
Clean
Energy
Fuels
Corp.*
10,590
31,241
CNX
Resources
Corp.*
9,783
204,954
Comstock
Resources,
Inc.
5,741
49,086
CONSOL
Energy,
Inc.
1,909
163,830
Crescent
Energy
Co.,
Class
a
A
4,815
53,832
CVR
Energy,
Inc.
1,852
61,449
Delek
US
Holdings,
Inc.
4,018
102,499
DHT
Holdings,
Inc.
8,565
92,673
Dorian
LPG
Ltd.
2,153
77,831
Empire
Petroleum
Corp.*(b)
815
4,833
Encore
Energy
Corp.*(b)
9,160
35,358
Energy
Fuels,
Inc.*(b)
9,810
62,097
Enviva,
Inc.*(b)
1,953
781
Equitrans
Midstream
Corp.
27,283
291,655
Evolution
Petroleum
Corp.
1,937
11,351
Excelerate
Energy,
Inc.,
Class
a
A
1,130
17,741
FLEX
LNG
Ltd.
1,861
46,972
FutureFuel
Corp.
1,631
9,672
Gevo,
Inc.*(b)
14,594
13,012
Golar
LNG
Ltd.
6,257
126,955
Granite
Ridge
Resources,
Inc.(b)
2,128
13,087
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Green
Plains,
Inc.*
3,631
$
77,340
Gulfport
Energy
Corp.*
700
99,393
Hallador
Energy
Co.*
1,426
10,838
HighPeak
Energy,
Inc.(b)
751
12,444
International
Seaways,
Inc.
2,537
134,283
Kinetik
Holdings,
Inc.,
Class
a
A(b)
1,136
40,124
Kosmos
Energy
Ltd.*
28,511
175,058
Magnolia
Oil
&
Gas
Corp.,
Class
a
A
11,206
254,152
Matador
Resources
Co.
7,078
446,976
Murphy
Oil
Corp.
9,286
368,376
NACCO
Industries,
Inc.,
Class
a
A
263
8,739
NextDecade
Corp.*(b)
4,874
22,372
Nordic
American
Tankers
Ltd.
12,816
52,161
Northern
Oil
&
Gas,
Inc.
5,498
196,444
Overseas
Shipholding
Group,
Inc.,
Class
a
A
3,856
23,444
Par
Pacific
Holdings,
Inc.*
3,451
124,650
PBF
Energy,
Inc.,
Class
a
A
6,969
325,452
Peabody
Energy
Corp.
7,142
176,907
Permian
Resources
Corp.,
Class
a
A
24,307
378,217
PrimeEnergy
Resources
Corp.*
46
4,547
REX
American
Resources
Corp.*
968
42,573
Riley
Exploration
Permian,
Inc.
553
13,078
Ring
Energy,
Inc.*(b)
7,484
10,702
SandRidge
Energy,
Inc.
1,992
25,976
Scorpio
Tankers,
Inc.
2,983
200,249
SFL
Corp.
Ltd.
7,191
96,072
SilverBow
Resources,
Inc.*
1,316
37,361
Sitio
Royalties
Corp.,
Class
a
A
5,134
117,158
SM
Energy
Co.
7,385
323,241
Talos
Energy,
Inc.*
8,473
111,759
Teekay
Corp.*
3,869
29,288
Teekay
Tankers
Ltd.,
Class
a
A
1,493
81,846
Tellurian,
Inc.*(b)
34,517
27,403
Uranium
Energy
Corp.*
23,613
153,012
VAALCO
Energy,
Inc.
6,727
30,002
Verde
Clean
Fuels,
Inc.*(b)
38
162
Vertex
Energy,
Inc.*(b)
4,077
5,504
Vital
Energy,
Inc.*
1,458
73,381
Vitesse
Energy,
Inc.
1,565
35,572
W&T
Offshore,
Inc.
6,137
18,534
World
Kinect
Corp.
3,733
90,936
7,165,148
Paper
&
Forest
Products
—
0.1%
Clearwater
Paper
Corp.*
1,021
40,115
Glatfelter
Corp.*(b)
2,753
6,139
Sylvamo
Corp.
2,236
135,077
181,331
Passenger
Airlines
—
0.3%
Allegiant
Travel
Co.
987
71,834
Blade
Air
Mobility,
Inc.*
3,758
11,950
Frontier
Group
Holdings,
Inc.*(b)
2,406
16,698
Hawaiian
Holdings,
Inc.*
3,182
44,898
JetBlue
Airways
Corp.*
20,990
136,015
Joby
Aviation,
Inc.*(b)
17,405
97,816
ULTRA
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
76
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
SkyWest,
Inc.*
2,530
$
162,477
Spirit
Airlines,
Inc.(b)
6,852
44,195
Sun
Country
Airlines
Holdings,
Inc.*
2,354
35,310
621,193
Personal
Care
Products
—
0.8%
Beauty
Health
Co.
(The)*
5,106
17,003
BellRing
Brands,
Inc.*
8,240
469,268
Edgewell
Personal
Care
Co.
3,149
120,260
elf
Beauty,
Inc.*
3,370
702,746
Herbalife
Ltd.*
6,171
54,490
Inter
Parfums,
Inc.
1,146
168,141
Medifast,
Inc.
670
26,860
Nature's
Sunshine
Products,
Inc.*
823
14,608
Nu
Skin
Enterprises,
Inc.,
Class
a
A
3,113
38,913
USANA
Health
Sciences,
Inc.*
710
34,265
Waldencast
plc,
Class
a
A*(b)
2,251
15,037
1,661,591
Pharmaceuticals
—
1.4%
Aclaris
Therapeutics,
Inc.*
4,334
5,157
Amneal
Pharmaceuticals,
Inc.*
7,607
41,991
Amphastar
Pharmaceuticals,
Inc.*
2,404
111,954
Amylyx
Pharmaceuticals,
Inc.*
3,170
59,754
ANI
Pharmaceuticals,
Inc.*
906
61,309
Arvinas,
Inc.*
3,065
140,929
Assertio
Holdings,
Inc.*
5,538
4,895
Atea
Pharmaceuticals,
Inc.*
4,784
20,619
Axsome
Therapeutics,
Inc.*
2,225
181,070
Biote
Corp.,
Class
a
A*
873
5,194
Bright
Green
Corp.*(b)
3,878
966
Cara
Therapeutics,
Inc.*(b)
2,918
2,481
Cassava
Sciences,
Inc.*(b)
2,482
57,036
Citius
Pharmaceuticals,
Inc.*(b)
7,669
5,892
Collegium
Pharmaceutical,
Inc.*
2,163
79,404
Corcept
Therapeutics,
Inc.*
5,009
117,712
CorMedix,
Inc.*(b)
3,430
12,142
Cymabay
Therapeutics,
Inc.*
7,062
227,326
Edgewise
Therapeutics,
Inc.*
2,670
43,601
Enliven
Therapeutics,
Inc.*(b)
1,457
23,268
Evolus,
Inc.*
2,585
38,336
Eyenovia,
Inc.*(b)
1,877
4,064
EyePoint
Pharmaceuticals,
Inc.*
1,667
45,359
Harmony
Biosciences
Holdings,
Inc.*
2,011
64,553
Harrow,
Inc.*(b)
1,892
20,481
Ikena
Oncology,
Inc.*
1,931
2,761
Innoviva,
Inc.*
3,719
56,826
Intra-Cellular
Therapies,
Inc.*
5,848
406,553
Ligand
Pharmaceuticals,
Inc.*
1,051
83,397
Liquidia
Corp.*(b)
2,962
41,942
Longboard
Pharmaceuticals,
Inc.*
973
21,581
Marinus
Pharmaceuticals,
Inc.*
3,164
30,058
Neumora
Therapeutics,
Inc.*(b)
928
16,361
Investments
Shares
Value
Common
Stocks
(a)
(continued)
NGM
Biopharmaceuticals,
Inc.*(b)
2,719
$
4,133
Nuvation
Bio,
Inc.*
9,091
17,000
Ocular
Therapeutix,
Inc.*
4,988
50,179
Omeros
Corp.*(b)
3,792
17,064
Optinose,
Inc.*
4,549
8,097
Pacira
BioSciences,
Inc.*
2,844
84,524
Phathom
Pharmaceuticals,
Inc.*(b)
2,001
21,411
Phibro
Animal
Health
Corp.,
Class
a
A
1,276
16,499
Pliant
Therapeutics,
Inc.*
3,566
56,592
Prestige
Consumer
Healthcare,
Inc.*
3,111
216,463
Revance
Therapeutics,
Inc.*
5,461
38,992
Scilex
Holding
Co.*
3,181
7,221
scPharmaceuticals,
Inc.*(b)
1,803
10,854
SIGA
Technologies,
Inc.
2,876
14,984
Supernus
Pharmaceuticals,
Inc.*
3,067
91,090
Taro
Pharmaceutical
Industries
Ltd.*
510
21,456
Tarsus
Pharmaceuticals,
Inc.*
1,791
68,452
Terns
Pharmaceuticals,
Inc.*(b)
2,675
19,581
Theravance
Biopharma,
Inc.*(b)
3,216
30,456
Third
Harmonic
Bio,
Inc.*(b)
1,216
12,330
Trevi
Therapeutics,
Inc.*
2,629
7,677
Ventyx
Biosciences,
Inc.*(b)
2,920
20,674
Verrica
Pharmaceuticals,
Inc.*(b)
1,319
6,951
WaVe
Life
Sciences
Ltd.*
3,691
17,754
Xeris
Biopharma
Holdings,
Inc.*
8,304
25,535
Zevra
Therapeutics,
Inc.*(b)
2,269
15,293
2,936,234
Professional
Services
—
1.8%
Alight,
Inc.,
Class
a
A*
25,860
232,999
ASGN,
Inc.*
2,953
293,292
Asure
Software,
Inc.*
1,427
13,300
Barrett
Business
Services,
Inc.
413
50,382
BlackSky
Technology,
Inc.,
Class
a
A*(b)
7,460
10,593
CBIZ,
Inc.*
2,993
226,061
Conduent,
Inc.*
10,743
36,956
CRA
International,
Inc.
425
56,329
CSG
Systems
International,
Inc.
1,975
107,756
ExlService
Holdings,
Inc.*
10,098
314,250
Exponent,
Inc.
3,163
255,855
First
Advantage
Corp.
3,376
52,868
FiscalNote
Holdings,
Inc.*(b)
3,729
6,153
Forrester
Research,
Inc.*
734
14,805
Franklin
Covey
Co.*
726
27,719
Heidrick
&
Struggles
International,
Inc.
1,237
42,058
HireQuest,
Inc.(b)
334
4,476
HireRight
Holdings
Corp.*
858
12,158
Huron
Consulting
Group,
Inc.*
1,190
116,775
IBEX
Holdings
Ltd.*
582
9,289
ICF
International,
Inc.
1,169
181,020
Innodata,
Inc.*
1,618
11,973
Insperity,
Inc.
2,220
225,974
Kelly
Services,
Inc.,
Class
a
A
1,952
47,882
FEBRUARY
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ULTRA
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INVESTMENTS
PROSHARES
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Investments
Shares
Value
Common
Stocks
(a)
(continued)
Kforce,
Inc.
1,196
$
83,289
Korn
Ferry
3,258
207,404
Legalzoom.com,
Inc.*
7,399
91,748
Maximus,
Inc.
3,799
317,824
Mistras
Group,
Inc.*
1,300
11,245
NV5
Global,
Inc.*
869
88,386
Planet
Labs
PBC*
10,939
23,956
Resources
Connection,
Inc.
2,025
28,006
Skillsoft
Corp.*
273
3,331
Sterling
Check
Corp.*
1,959
30,697
TriNet
Group,
Inc.*
2,000
256,020
TrueBlue,
Inc.*
1,898
22,301
TTEC
Holdings,
Inc.
1,214
21,184
Upwork,
Inc.*
7,810
102,311
Verra
Mobility
Corp.,
Class
a
A*
8,718
188,483
Willdan
Group,
Inc.*
760
15,869
3,842,977
Real
Estate
Management
&
Development
—
0.5%
American
Realty
Investors,
Inc.*
94
1,819
Anywhere
Real
Estate,
Inc.*
6,733
42,216
Compass,
Inc.,
Class
a
A*
17,776
70,215
Cushman
&
Wakefield
plc*
10,372
103,616
DigitalBridge
Group,
Inc.
10,105
185,629
Douglas
Elliman,
Inc.
5,060
9,310
eXp
World
Holdings,
Inc.(b)
4,451
58,308
Forestar
Group,
Inc.*
1,144
38,576
FRP
Holdings,
Inc.*
412
24,802
Kennedy-Wilson
Holdings,
Inc.
7,474
65,622
Marcus
&
Millichap,
Inc.
1,482
54,375
Maui
Land
&
Pineapple
Co.,
Inc.*
470
9,198
Newmark
Group,
Inc.,
Class
a
A
8,573
92,503
Opendoor
Technologies,
Inc.*
34,699
106,873
RE/MAX
Holdings,
Inc.,
Class
a
A
1,091
9,306
Redfin
Corp.*
6,829
48,520
RMR
Group,
Inc.
(The),
Class
a
A
961
23,516
St
Joe
Co.
(The)
2,151
115,874
Star
Holdings*
808
9,979
Stratus
Properties,
Inc.*
352
7,691
Tejon
Ranch
Co.*
1,307
21,735
Transcontinental
Realty
Investors,
Inc.*
79
3,071
1,102,754
Residential
REITs
—
0.3%
Apartment
Investment
and
Management
Co.,
Class
a
A,
REIT*
9,134
67,409
BRT
Apartments
Corp.,
REIT
734
11,362
Centerspace,
REIT
944
52,477
Clipper
Realty,
Inc.,
REIT
715
3,346
Elme
Communities,
REIT
5,489
70,698
Independence
Realty
Trust,
Inc.,
REIT
14,093
206,322
NexPoint
Residential
Trust,
Inc.,
REIT
1,426
41,654
UMH
Properties,
Inc.,
REIT
3,738
57,565
Veris
Residential,
Inc.,
REIT
4,941
72,139
582,972
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Retail
REITs
—
0.9%
Acadia
Realty
Trust,
REIT
5,837
$
95,668
Alexander's,
Inc.,
REIT
134
29,621
CBL
&
Associates
Properties,
Inc.,
REIT(b)
1,680
38,741
Getty
Realty
Corp.,
REIT
2,981
78,579
InvenTrust
Properties
Corp.,
REIT
4,247
107,237
Kite
Realty
Group
Trust,
REIT
13,600
291,176
Macerich
Co.
(The),
REIT
13,499
221,519
NETSTREIT
Corp.,
REIT
4,320
72,619
Phillips
Edison
&
Co.,
Inc.,
REIT
7,369
263,221
Retail
Opportunity
Investments
Corp.,
REIT
7,689
99,419
Saul
Centers,
Inc.,
REIT
728
26,346
SITE
Centers
Corp.,
REIT
11,906
161,683
Tanger,
Inc.,
REIT
6,383
183,894
Urban
Edge
Properties,
REIT
7,176
122,064
Whitestone
REIT,
REIT
3,038
37,428
1,829,215
Semiconductors
&
Semiconductor
Equipment
—
2.3%
ACM
Research,
Inc.,
Class
a
A*
3,004
92,884
Aehr
Test
Systems*
1,715
27,903
Alpha
&
Omega
Semiconductor
Ltd.*
1,448
31,711
Ambarella,
Inc.*
2,368
132,253
Amkor
Technology,
Inc.
7,030
218,071
Atomera,
Inc.*(b)
1,397
8,801
Axcelis
Technologies,
Inc.*
2,035
229,283
CEVA,
Inc.*
1,451
32,851
Cohu,
Inc.*
2,916
93,691
Credo
Technology
Group
Holding
Ltd.*
7,162
154,269
Diodes,
Inc.*
2,821
191,772
FormFactor,
Inc.*
4,819
207,361
Ichor
Holdings
Ltd.*
1,781
76,227
Impinj,
Inc.*
1,457
159,133
indie
Semiconductor,
Inc.,
Class
a
A*(b)
9,403
58,205
inTEST
Corp.*
732
8,550
Kulicke
&
Soffa
Industries,
Inc.
3,459
164,718
MACOM
Technology
Solutions
Holdings,
Inc.*
3,396
299,969
Maxeon
Solar
Technologies
Ltd.*(b)
1,836
7,362
MaxLinear,
Inc.,
Class
a
A*
4,750
92,340
Navitas
Semiconductor
Corp.,
Class
a
A*
6,821
41,881
NVE
Corp.
298
24,910
Onto
Innovation,
Inc.*
3,058
563,161
PDF
Solutions,
Inc.*
1,912
64,989
Photronics,
Inc.*
3,813
109,776
Power
Integrations,
Inc.
3,548
253,540
Rambus,
Inc.*
6,810
403,424
Semtech
Corp.*
3,991
84,609
Silicon
Laboratories,
Inc.*
1,983
272,742
SiTime
Corp.*
1,086
100,455
SkyWater
Technology,
Inc.*(b)
1,146
13,248
ULTRA
RUSSELL2000
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FEBRUARY
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2024
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SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
78
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
SMART
Global
Holdings,
Inc.*
3,017
$
64,172
Synaptics,
Inc.*
2,465
246,746
Transphorm,
Inc.*(b)
1,832
8,812
Ultra
Clean
Holdings,
Inc.*
2,777
119,966
Veeco
Instruments,
Inc.*
3,176
115,003
4,774,788
Software
—
4.5%
8x8,
Inc.*
7,499
21,222
A10
Networks,
Inc.
4,411
58,710
ACI
Worldwide,
Inc.*
6,775
222,965
Adeia,
Inc.
6,682
75,774
Agilysys,
Inc.*
1,251
97,328
Alarm.com
Holdings,
Inc.*
2,992
226,464
Alkami
Technology,
Inc.*
2,504
62,475
Altair
Engineering,
Inc.,
Class
a
A*
3,393
288,676
American
Software,
Inc.,
Class
a
A
2,017
22,631
Amplitude,
Inc.,
Class
a
A*
4,227
50,132
Appfolio,
Inc.,
Class
a
A*
1,200
290,508
Appian
Corp.,
Class
a
A*
2,562
89,286
Asana,
Inc.,
Class
a
A*
5,072
99,918
Aurora
Innovation,
Inc.,
Class
a
A*
21,128
53,665
AvePoint,
Inc.*
9,273
74,184
Bit
Digital,
Inc.*(b)
5,500
14,300
Blackbaud,
Inc.*
2,720
188,170
BlackLine,
Inc.*
3,556
201,732
Box,
Inc.,
Class
a
A*
8,805
227,081
Braze,
Inc.,
Class
a
A*
3,271
186,120
C3.ai,
Inc.,
Class
a
A*(b)
5,081
187,845
Cerence,
Inc.*
2,518
37,518
Cipher
Mining,
Inc.*(b)
2,624
7,767
Cleanspark,
Inc.*
9,350
156,332
Clear
Secure,
Inc.,
Class
a
A
5,133
98,810
CommVault
Systems,
Inc.*
2,752
263,394
Consensus
Cloud
Solutions,
Inc.*
1,224
19,486
CoreCard
Corp.*
452
5,768
CS
Disco,
Inc.*
1,411
9,397
CXApp,
Inc.*(b)
136
405
Digimarc
Corp.*(b)
887
31,098
Digital
Turbine,
Inc.*
5,976
18,944
Domo,
Inc.,
Class
a
B*
1,989
22,893
E2open
Parent
Holdings,
Inc.*
10,606
44,863
eGain
Corp.*
1,300
7,969
Enfusion,
Inc.,
Class
a
A*
2,356
20,427
Envestnet,
Inc.*
3,129
161,237
Everbridge,
Inc.*
2,540
71,806
EverCommerce,
Inc.*
1,458
14,274
Expensify,
Inc.,
Class
a
A*
3,447
7,170
Freshworks,
Inc.,
Class
a
A*
10,118
206,812
Instructure
Holdings,
Inc.*
1,218
27,917
Intapp,
Inc.*
1,730
67,868
InterDigital,
Inc.
1,651
176,690
Jamf
Holding
Corp.*
4,416
79,444
Kaltura,
Inc.*
5,259
6,994
LivePerson,
Inc.*
4,899
6,222
LiveRamp
Holdings,
Inc.*
4,109
143,733
Marathon
Digital
Holdings,
Inc.*
13,286
344,107
Matterport,
Inc.*
15,947
33,808
Investments
Shares
Value
Common
Stocks
(a)
(continued)
MeridianLink,
Inc.*
1,639
$
31,075
MicroStrategy,
Inc.,
Class
a
A*
763
780,427
Mitek
Systems,
Inc.*
2,718
31,556
Model
N,
Inc.*
2,373
58,281
N-able,
Inc.*
4,368
58,837
NextNav,
Inc.*(b)
3,460
14,809
Olo,
Inc.,
Class
a
A*
6,458
37,586
ON24,
Inc.
1,938
13,605
OneSpan,
Inc.*
2,502
24,044
PagerDuty,
Inc.*
5,660
136,746
PowerSchool
Holdings,
Inc.,
Class
a
A*
3,500
73,115
Progress
Software
Corp.
2,718
145,032
PROS
Holdings,
Inc.*
2,791
99,778
Q2
Holdings,
Inc.*
3,555
164,348
Qualys,
Inc.*
2,323
399,231
Rapid7,
Inc.*
3,787
221,842
Red
Violet,
Inc.*
695
12,413
Rimini
Street,
Inc.*
3,263
10,539
Riot
Platforms,
Inc.*
11,870
167,604
Sapiens
International
Corp.
NV
1,919
59,048
SEMrush
Holdings,
Inc.,
Class
a
A*
1,956
24,411
SolarWinds
Corp.*
3,180
37,969
SoundHound
AI,
Inc.,
Class
a
A*(b)
8,615
63,923
SoundThinking,
Inc.*
595
10,347
Sprinklr,
Inc.,
Class
a
A*
6,595
85,933
Sprout
Social,
Inc.,
Class
a
A*
2,983
184,409
SPS
Commerce,
Inc.*
2,292
424,387
Tenable
Holdings,
Inc.*
7,132
343,477
Terawulf,
Inc.*(b)
9,239
17,323
Varonis
Systems,
Inc.,
Class
a
B*
6,789
344,881
Verint
Systems,
Inc.*
3,901
123,311
Veritone,
Inc.*(b)
1,652
3,783
Viant
Technology,
Inc.,
Class
a
A*
916
8,326
Weave
Communications,
Inc.*
2,086
26,138
Workiva,
Inc.,
Class
a
A*
3,105
267,403
Xperi,
Inc.*
2,711
29,713
Yext,
Inc.*
6,683
39,563
Zeta
Global
Holdings
Corp.,
Class
a
A*
8,677
91,109
Zuora,
Inc.,
Class
a
A*
8,306
67,112
9,565,773
Specialized
REITs
—
0.3%
Farmland
Partners,
Inc.,
REIT(b)
2,790
32,922
Four
Corners
Property
Trust,
Inc.,
REIT
5,651
136,641
Gladstone
Land
Corp.,
REIT
2,093
27,230
Outfront
Media,
Inc.,
REIT
9,217
132,448
PotlatchDeltic
Corp.,
REIT
4,942
223,428
Safehold,
Inc.,
REIT
3,039
61,145
Uniti
Group,
Inc.,
REIT
14,865
87,109
700,923
Specialty
Retail
—
2.1%
1-800-Flowers.com,
Inc.,
Class
a
A*
1,626
16,943
Aaron's
Co.,
Inc.
(The)
1,880
14,570
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
79
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Abercrombie
&
Fitch
Co.,
Class
a
A*
3,049
$
389,540
Academy
Sports
&
Outdoors,
Inc.
4,517
337,510
American
Eagle
Outfitters,
Inc.
11,412
271,035
America's
Car-Mart,
Inc.*
366
24,646
Arko
Corp.
5,073
33,127
Asbury
Automotive
Group,
Inc.*
1,293
270,017
BARK,
Inc.*
8,328
9,994
Beyond,
Inc.*
2,815
94,387
Big
5
Sporting
Goods
Corp.(b)
1,342
6,442
Boot
Barn
Holdings,
Inc.*
1,859
171,957
Buckle,
Inc.
(The)
1,908
78,113
Build-A-Bear
Workshop,
Inc.
821
19,655
Caleres,
Inc.
2,121
81,892
Camping
World
Holdings,
Inc.,
Class
a
A
2,611
69,688
CarParts.com,
Inc.*
3,397
8,662
Carvana
Co.,
Class
a
A*
5,992
454,973
Cato
Corp.
(The),
Class
a
A
1,087
7,185
Children's
Place,
Inc.
(The)*(b)
744
14,315
Designer
Brands,
Inc.,
Class
a
A
2,695
28,459
Destination
XL
Group,
Inc.*
3,509
14,001
Duluth
Holdings,
Inc.,
Class
a
B*
845
4,022
Envela
Corp.*(b)
474
2,038
EVgo,
Inc.,
Class
a
A*(b)
6,461
19,125
Foot
Locker,
Inc.
5,128
176,557
Genesco,
Inc.*
688
21,961
Group
1
Automotive,
Inc.
853
230,864
GrowGeneration
Corp.*
3,672
7,858
Guess?,
Inc.
1,757
44,593
Haverty
Furniture
Cos.,
Inc.
913
31,316
Hibbett,
Inc.
764
62,610
J
Jill,
Inc.*
284
7,097
Lands'
End,
Inc.*
926
9,010
Lazydays
Holdings,
Inc.*
475
1,909
Leslie's,
Inc.*
11,092
87,627
MarineMax,
Inc.*
1,335
44,322
Monro,
Inc.
1,945
65,294
National
Vision
Holdings,
Inc.*
4,851
113,513
ODP
Corp.
(The)*
2,027
114,485
OneWater
Marine,
Inc.,
Class
a
A*
720
18,727
PetMed
Express,
Inc.
1,283
6,492
Rent
the
Runway,
Inc.,
Class
a
A*(b)
3,117
1,265
Revolve
Group,
Inc.,
Class
a
A*(b)
2,562
56,185
Sally
Beauty
Holdings,
Inc.*
6,702
84,646
Shoe
Carnival,
Inc.
1,137
37,259
Signet
Jewelers
Ltd.
2,784
283,300
Sleep
Number
Corp.*
1,335
22,054
Sonic
Automotive,
Inc.,
Class
a
A
916
48,090
Sportsman's
Warehouse
Holdings,
Inc.*
2,338
8,440
Stitch
Fix,
Inc.,
Class
a
A*
5,342
17,255
ThredUp,
Inc.,
Class
a
A*(b)
4,481
8,962
Tile
Shop
Holdings,
Inc.*
1,798
12,496
Tilly's,
Inc.,
Class
a
A*
1,398
10,751
Torrid
Holdings,
Inc.*(b)
753
3,788
Upbound
Group,
Inc.
3,442
116,202
Urban
Outfitters,
Inc.*
3,985
165,577
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Warby
Parker,
Inc.,
Class
a
A*
5,292
$
67,261
Winmark
Corp.
178
67,560
Zumiez,
Inc.*
994
17,514
4,515,136
Technology
Hardware,
Storage
&
Peripherals
—
1.3%
CompoSecure,
Inc.*(b)
1,026
4,966
Corsair
Gaming,
Inc.*
2,307
29,876
CPI
Card
Group,
Inc.*
266
5,027
Eastman
Kodak
Co.*
3,559
19,005
Immersion
Corp.
1,954
13,189
Intevac,
Inc.*
1,616
6,238
IonQ,
Inc.*(b)
10,038
103,994
Super
Micro
Computer,
Inc.*
2,897
2,509,150
Turtle
Beach
Corp.*
1,019
10,883
Xerox
Holdings
Corp.
7,304
136,219
2,838,547
Textiles,
Apparel
&
Luxury
Goods
—
0.4%
Allbirds,
Inc.,
Class
a
A*(b)
6,041
5,497
Figs,
Inc.,
Class
a
A*
7,981
41,741
Fossil
Group,
Inc.*
3,004
3,184
G-III
Apparel
Group
Ltd.*
2,580
85,837
Hanesbrands,
Inc.*
21,980
118,692
Kontoor
Brands,
Inc.
3,510
207,476
Movado
Group,
Inc.
957
27,475
Oxford
Industries,
Inc.
935
94,800
Rocky
Brands,
Inc.
435
10,853
Steven
Madden
Ltd.
4,696
201,083
Vera
Bradley,
Inc.*
1,636
12,761
Wolverine
World
Wide,
Inc.
4,847
49,294
858,693
Tobacco
—
0.1%
Ispire
Technology,
Inc.*(b)
1,107
11,203
Turning
Point
Brands,
Inc.
1,070
27,071
Universal
Corp.
1,506
72,303
Vector
Group
Ltd.
9,078
101,310
211,887
Trading
Companies
&
Distributors
—
1.6%
Alta
Equipment
Group,
Inc.
1,441
16,543
Applied
Industrial
Technologies,
Inc.
2,410
457,635
Beacon
Roofing
Supply,
Inc.*
3,950
339,265
BlueLinx
Holdings,
Inc.*
529
67,104
Boise
Cascade
Co.
2,481
337,193
Custom
Truck
One
Source,
Inc.*
3,541
22,733
Distribution
Solutions
Group,
Inc.*
626
19,663
DNOW,
Inc.*
6,651
94,112
DXP
Enterprises,
Inc.*
849
30,156
EVI
Industries,
Inc.
296
6,373
FTAI
Aviation
Ltd.
6,217
349,955
GATX
Corp.
2,218
281,331
Global
Industrial
Co.
819
35,913
GMS,
Inc.*
2,563
228,902
H&E
Equipment
Services,
Inc.
2,008
113,432
Herc
Holdings,
Inc.
1,766
280,229
ULTRA
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
80
UWM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Hudson
Technologies,
Inc.*
2,736
$
40,082
Karat
Packaging,
Inc.
424
12,546
McGrath
RentCorp
1,542
191,948
MRC
Global,
Inc.*
5,240
60,417
Rush
Enterprises,
Inc.,
Class
a
A
3,847
187,349
Rush
Enterprises,
Inc.,
Class
a
B(b)
570
28,745
Textainer
Group
Holdings
Ltd.
2,524
125,948
Titan
Machinery,
Inc.*
1,285
32,421
Transcat,
Inc.*
513
53,947
Willis
Lease
Finance
Corp.*
184
8,817
Xometry,
Inc.,
Class
a
A*
2,120
41,467
3,464,226
Water
Utilities
—
0.3%
American
States
Water
Co.
2,314
165,243
Artesian
Resources
Corp.,
Class
a
A
571
19,682
Cadiz,
Inc.*(b)
2,530
7,337
California
Water
Service
Group
3,610
165,663
Consolidated
Water
Co.
Ltd.
938
27,727
Global
Water
Resources,
Inc.
718
9,291
Middlesex
Water
Co.
1,095
55,724
Pure
Cycle
Corp.*
1,221
12,173
SJW
Group
1,994
109,790
York
Water
Co.
(The)
889
31,471
604,101
Wireless
Telecommunication
Services
—
0.1%
Gogo,
Inc.*
4,139
33,774
Spok
Holdings,
Inc.
1,110
19,947
Telephone
and
Data
Systems,
Inc.
6,179
94,539
Tingo
Group,
Inc.*(b)
5,282
—
148,260
Total
Common
Stocks
(Cost
$156,458,564)
160,020,664
Number
of
Rights
Rights
—
0.0%(d)
Biotechnology
—
0.0%(d)
Aduro
Biotech,
Inc.,
CVR*(e)(f)
687
—
Cartesian
Therapeutics,
Inc.,
expiring
5/3/2024*(b)(e)(f)
5,386
969
Chinook
Therape,
CVR*(e)(f)
3,154
—
Oncternal
Therapeutics,
Inc.,
CVR*(e)(f)
42
—
Tobira
Therapeutics,
Inc.,
CVR*(e)(f)
756
—
969
Food
Products
—
0.0%(d)
Contraf-Nicotex-Tobacco
GmbH,
CVR*(e)(f)
2,444
1,222
Investments
Number
of
Rights
Value
Rights
(continued)
Pharmaceuticals
—
0.0%(d)
ANI
Pharmaceuticals,
Inc.,
expiring
12/31/2050*(e)(f)
2
$
—
Total
Rights
(Cost
2604)
2,191
Shares
Securities
Lending
Reinvestments
(g)
—
2.0%
Investment
Companies
—
2.0%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
5.25%
(h)
(Cost
$4,258,253)
4,258,253
4,258,253
Principal
Amount
Short-Term
Investments
—
11.6%
Repurchase
Agreements
(i)
—
11.6%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$24,485,031
(Cost
$24,481,430)
$
24,481,430
24,481,430
Total
Investments
—
89.2%
(Cost
$185,200,851)
188,762,538
Other
assets
less
liabilities
—
10.8%
22,785,792
Net
Assets
—
100.0%
$
211,548,330
*
Non-income
producing
security.
(a)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$132.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
29,
2024.
The
total
value
of
securities
on
loan
at
February
29,
2024
was
$4,315,711,
collateralized
in
the
form
of
cash
with
a
value
of
$4,258,253
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$235,860
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.25%,
and
maturity
dates
ranging
from
March
28,
2024
–
February
15,
2053.
The
total
value
of
collateral
is
$4,494,113.
(c)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(d)
Represents
less
than
0.05%
of
net
assets.
(e)
Security
fair
valued
as
of
February
29,
2024
in
accordance
with
procedures
approved
by
the
Board
of
Trustees.
Total
value
of
all
such
securities
at
February
29,
2024
amounted
to
$2,191,
which
represents
approximately
0.00%
of
net
assets
of
the
Fund.
(f)
Illiquid
security.
(g)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
29,
2024.
The
total
value
of
securities
purchased
was
$4,258,253.
(h)
Rate
shown
is
the
7-day
yield
as
of
February
29,
2024.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
81
UWM
::
(i)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
CVR
Contingent
Value
Rights
-
No
defined
expiration
REIT
Real
Estate
Investment
Trust
Futures
Contracts
Purchased
Ultra
Russell2000
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
Russell
2000
E-Mini
Index
145
3/15/2024
U.S.
Dollar
$
14,915,425
$
934,966
Swap
Agreements
Ultra
Russell2000
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
22,403,921
3/6/2025
Bank
of
America
NA
5.58%
Russell
2000
®
Index
918,294
30,627,390
11/6/2025
Barclays
Capital
5.83%
Russell
2000
®
Index
4,069,311
38,639,211
2/11/2025
BNP
Paribas
SA
5.58%
Russell
2000
®
Index
6,179,669
29,240,373
3/6/2025
Citibank
NA
5.62%
Russell
2000
®
Index
2,700,937
15,721,581
11/7/2024
Goldman
Sachs
International
5.73%
Russell
2000
®
Index
24,899
12,942,675
3/6/2024
Morgan
Stanley
&
Co.
International
plc
5.78%
iShares
®
Russell
2000
ETF
953,548
25,572,484
3/6/2024
Morgan
Stanley
&
Co.
International
plc
5.78%
Russell
2000
®
Index
1,992,038
38,515,159
2,945,586
38,852,915
11/14/2024
Societe
Generale
5.88%
Russell
2000
®
Index
1,168,511
34,248,018
11/7/2024
UBS
AG
5.33%
Russell
2000
®
Index
1,424,199
248,248,568
19,431,406
Total
Unrealized
Appreciation
19,431,406
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
S&P500
®
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
82
SSO
::
Investments
Shares
Value
Common
Stocks
(a)
—
67.0%
Aerospace
&
Defense
—
1.0%
Axon
Enterprise,
Inc.*
4,781
$
1,469,536
Boeing
Co.
(The)*
38,596
7,862,777
General
Dynamics
Corp.
15,373
4,200,672
Howmet
Aerospace,
Inc.
26,548
1,766,769
Huntington
Ingalls
Industries,
Inc.
2,696
786,208
L3Harris
Technologies,
Inc.
12,864
2,722,794
Lockheed
Martin
Corp.
14,986
6,417,605
Northrop
Grumman
Corp.
9,620
4,435,013
RTX
Corp.
97,600
8,751,792
Textron,
Inc.
13,303
1,184,898
TransDigm
Group,
Inc.
3,754
4,421,236
44,019,300
Air
Freight
&
Logistics
—
0.3%
CH
Robinson
Worldwide,
Inc.
7,917
586,491
Expeditors
International
of
Washington,
Inc.
9,867
1,180,093
FedEx
Corp.
15,699
3,908,580
United
Parcel
Service,
Inc.,
Class
a
B
49,087
7,277,639
12,952,803
Automobile
Components
—
0.1%
Aptiv
plc*
19,198
1,526,049
BorgWarner,
Inc.
15,953
496,617
2,022,666
Automobiles
—
1.0%
Ford
Motor
Co.
266,870
3,319,863
General
Motors
Co.
92,946
3,808,927
Tesla,
Inc.*
187,676
37,888,031
45,016,821
Banks
—
2.2%
Bank
of
America
Corp.
467,278
16,130,437
Citigroup,
Inc.
129,894
7,207,818
Citizens
Financial
Group,
Inc.
31,642
993,242
Comerica,
Inc.
8,950
441,951
Fifth
Third
Bancorp
46,220
1,587,195
Huntington
Bancshares,
Inc.
98,280
1,281,571
JPMorgan
Chase
&
Co.
196,211
36,507,019
KeyCorp
63,543
906,759
M&T
Bank
Corp.
11,264
1,574,031
PNC
Financial
Services
Group,
Inc.
(The)
27,035
3,979,552
Regions
Financial
Corp.
63,123
1,175,981
Truist
Financial
Corp.
90,515
3,166,215
US
Bancorp
105,673
4,434,039
Wells
Fargo
&
Co.
246,478
13,701,712
Zions
Bancorp
NA
10,055
396,469
93,483,991
Beverages
—
0.9%
Brown-Forman
Corp.,
Class
a
B
12,419
747,996
Coca-Cola
Co.
(The)
264,085
15,850,382
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Constellation
Brands,
Inc.,
Class
a
A
10,969
$
2,726,016
Keurig
Dr
Pepper,
Inc.
68,331
2,043,780
Molson
Coors
Beverage
Co.,
Class
a
B
12,567
784,432
Monster
Beverage
Corp.*
50,136
2,963,038
PepsiCo,
Inc.
93,311
15,428,041
40,543,685
Biotechnology
—
1.3%
AbbVie,
Inc.
119,826
21,095,367
Amgen,
Inc.
36,322
9,946,053
Biogen,
Inc.*
9,834
2,133,880
Gilead
Sciences,
Inc.
84,568
6,097,353
Incyte
Corp.*
12,624
736,737
Moderna,
Inc.*
22,513
2,076,599
Regeneron
Pharmaceuticals,
Inc.*
7,271
7,024,440
Vertex
Pharmaceuticals,
Inc.*
17,489
7,358,322
56,468,751
Broadline
Retail
—
2.6%
Amazon.com,
Inc.*
617,237
109,102,812
eBay,
Inc.
35,224
1,665,391
Etsy,
Inc.*
8,127
582,624
111,350,827
Building
Products
—
0.3%
A
O
Smith
Corp.
8,336
691,054
Allegion
plc
5,958
761,849
Builders
FirstSource,
Inc.*
8,375
1,634,633
Carrier
Global
Corp.
56,946
3,165,059
Johnson
Controls
International
plc
46,173
2,736,674
Masco
Corp.
15,237
1,169,592
Trane
Technologies
plc
15,501
4,370,817
14,529,678
Capital
Markets
—
1.9%
Ameriprise
Financial,
Inc.
6,868
2,797,748
Bank
of
New
York
Mellon
Corp.
(The)
52,197
2,927,730
BlackRock,
Inc.
9,491
7,700,428
Blackstone,
Inc.
48,224
6,163,992
Cboe
Global
Markets,
Inc.
7,164
1,375,488
Charles
Schwab
Corp.
(The)
101,004
6,745,047
CME
Group,
Inc.
24,432
5,383,591
FactSet
Research
Systems,
Inc.
2,578
1,192,531
Franklin
Resources,
Inc.
19,137
525,311
Goldman
Sachs
Group,
Inc.
(The)
22,133
8,610,844
Intercontinental
Exchange,
Inc.
38,846
5,377,063
Invesco
Ltd.
30,511
470,175
MarketAxess
Holdings,
Inc.
2,573
549,104
Moody's
Corp.
10,681
4,052,585
Morgan
Stanley
85,769
7,379,565
MSCI,
Inc.,
Class
a
A
5,368
3,011,287
Nasdaq,
Inc.
23,103
1,298,389
Northern
Trust
Corp.
14,051
1,154,009
Raymond
James
Financial,
Inc.
12,754
1,534,561
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
S&P500
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PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
83
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::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
S&P
Global,
Inc.
21,990
$
9,420,076
State
Street
Corp.
20,943
1,544,127
T.
Rowe
Price
Group,
Inc.
15,167
1,719,179
80,932,830
Chemicals
—
1.0%
Air
Products
and
Chemicals,
Inc.
15,077
3,528,621
Albemarle
Corp.
7,965
1,097,975
Celanese
Corp.,
Class
a
A
6,797
1,032,940
CF
Industries
Holdings,
Inc.
12,967
1,046,696
Corteva,
Inc.
47,821
2,559,380
Dow,
Inc.
47,603
2,660,056
DuPont
de
Nemours,
Inc.
29,183
2,019,172
Eastman
Chemical
Co.
8,047
706,044
Ecolab,
Inc.
17,224
3,872,644
FMC
Corp.
8,467
477,454
International
Flavors
&
Fragrances,
Inc.
17,326
1,308,113
Linde
plc
32,909
14,770,217
LyondellBasell
Industries
NV,
Class
a
A
17,391
1,743,970
Mosaic
Co.
(The)
22,182
691,191
PPG
Industries,
Inc.
16,004
2,266,166
Sherwin-Williams
Co.
(The)
15,982
5,306,504
45,087,143
Commercial
Services
&
Supplies
—
0.4%
Cintas
Corp.
5,876
3,693,712
Copart,
Inc.*
59,302
3,151,901
Republic
Services,
Inc.,
Class
a
A
13,880
2,548,368
Rollins,
Inc.
19,054
839,710
Veralto
Corp.
14,878
1,285,757
Waste
Management,
Inc.
24,876
5,115,750
16,635,198
Communications
Equipment
—
0.5%
Arista
Networks,
Inc.*
17,102
4,746,489
Cisco
Systems,
Inc.
274,880
13,295,946
F5,
Inc.*
4,052
758,615
Juniper
Networks,
Inc.
21,641
801,366
Motorola
Solutions,
Inc.
11,264
3,721,513
23,323,929
Construction
&
Engineering
—
0.1%
Quanta
Services,
Inc.
9,860
2,381,289
Construction
Materials
—
0.1%
Martin
Marietta
Materials,
Inc.
4,195
2,423,494
Vulcan
Materials
Co.
9,018
2,397,435
4,820,929
Consumer
Finance
—
0.4%
American
Express
Co.
39,073
8,573,398
Capital
One
Financial
Corp.
25,848
3,556,943
Discover
Financial
Services
16,971
2,048,400
Synchrony
Financial
28,085
1,159,910
15,338,651
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Consumer
Staples
Distribution
&
Retail
—
1.3%
Costco
Wholesale
Corp.
30,049
$
22,353,151
Dollar
General
Corp.
14,896
2,164,538
Dollar
Tree,
Inc.*
14,180
2,079,922
Kroger
Co.
(The)
44,914
2,228,184
Sysco
Corp.
34,220
2,770,793
Target
Corp.
31,329
4,790,831
Walgreens
Boots
Alliance,
Inc.
48,666
1,034,639
Walmart,
Inc.
290,453
17,023,450
54,445,508
Containers
&
Packaging
—
0.1%
Amcor
plc
98,095
888,741
Avery
Dennison
Corp.
5,466
1,183,553
Ball
Corp.
21,399
1,369,964
International
Paper
Co.
23,484
830,394
Packaging
Corp.
of
America
6,083
1,102,179
Westrock
Co.
17,402
788,136
6,162,967
Distributors
—
0.1%
Genuine
Parts
Co.
9,515
1,420,209
LKQ
Corp.
18,162
949,691
Pool
Corp.
2,625
1,045,065
3,414,965
Diversified
Telecommunication
Services
—
0.5%
AT&T,
Inc.
485,268
8,215,587
Verizon
Communications,
Inc.
285,330
11,418,907
19,634,494
Electric
Utilities
—
1.0%
Alliant
Energy
Corp.
17,319
826,982
American
Electric
Power
Co.,
Inc.
35,691
3,040,516
Constellation
Energy
Corp.
21,676
3,651,322
Duke
Energy
Corp.
52,308
4,803,444
Edison
International
26,014
1,769,472
Entergy
Corp.
14,353
1,457,834
Evergy,
Inc.
15,591
772,378
Eversource
Energy
23,709
1,391,718
Exelon
Corp.
67,560
2,421,351
FirstEnergy
Corp.
35,050
1,283,181
NextEra
Energy,
Inc.
139,248
7,685,097
NRG
Energy,
Inc.
15,322
847,613
PG&E
Corp.
144,800
2,416,712
Pinnacle
West
Capital
Corp.
7,696
525,868
PPL
Corp.
50,028
1,319,239
Southern
Co.
(The)
74,020
4,977,845
Xcel
Energy,
Inc.
37,451
1,973,293
41,163,865
Electrical
Equipment
—
0.4%
AMETEK,
Inc.
15,664
2,822,339
Eaton
Corp.
plc
27,100
7,831,900
Emerson
Electric
Co.
38,692
4,134,240
Generac
Holdings,
Inc.*
4,169
469,054
Hubbell,
Inc.,
Class
a
B
3,640
1,385,639
ULTRA
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INVESTMENTS
PROSHARES
TRUST
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Investments
Shares
Value
Common
Stocks
(a)
(continued)
Rockwell
Automation,
Inc.
7,783
$
2,218,778
18,861,950
Electronic
Equipment,
Instruments
&
Components
—
0.4%
Amphenol
Corp.,
Class
a
A
40,607
4,435,909
CDW
Corp.
9,092
2,238,541
Corning,
Inc.
52,114
1,680,155
Jabil,
Inc.
8,684
1,251,278
Keysight
Technologies,
Inc.*
12,052
1,859,624
TE
Connectivity
Ltd.
21,092
3,027,967
Teledyne
Technologies,
Inc.*
3,202
1,368,119
Trimble,
Inc.*
16,884
1,033,132
Zebra
Technologies
Corp.,
Class
a
A*
3,486
974,267
17,868,992
Energy
Equipment
&
Services
—
0.2%
Baker
Hughes
Co.,
Class
a
A
68,293
2,020,790
Halliburton
Co.
60,747
2,130,397
Schlumberger
NV
96,949
4,685,545
8,836,732
Entertainment
—
0.9%
Electronic
Arts,
Inc.
16,612
2,317,042
Live
Nation
Entertainment,
Inc.*
9,630
933,917
Netflix,
Inc.*
29,705
17,909,738
Take-Two
Interactive
Software,
Inc.*
10,734
1,577,147
Walt
Disney
Co.
(The)
124,186
13,856,674
Warner
Bros
Discovery,
Inc.*
150,609
1,323,853
37,918,371
Financial
Services
—
2.9%
Berkshire
Hathaway,
Inc.,
Class
a
B*
123,485
50,554,759
Fidelity
National
Information
Services,
Inc.
40,212
2,782,268
Fiserv,
Inc.*
40,734
6,080,364
FleetCor
Technologies,
Inc.*
4,900
1,368,423
Global
Payments,
Inc.
17,672
2,292,058
Jack
Henry
&
Associates,
Inc.
4,943
858,945
Mastercard,
Inc.,
Class
a
A
56,202
26,682,462
PayPal
Holdings,
Inc.*
73,173
4,415,259
Visa,
Inc.,
Class
a
A
108,184
30,577,126
125,611,664
Food
Products
—
0.5%
Archer-Daniels-Midland
Co.
36,200
1,922,582
Bunge
Global
SA
9,861
930,583
Campbell
Soup
Co.
13,332
568,476
Conagra
Brands,
Inc.
32,439
910,887
General
Mills,
Inc.
39,451
2,531,965
Hershey
Co.
(The)
10,173
1,911,710
Hormel
Foods
Corp.
19,657
694,285
J
M
Smucker
Co.
(The)
7,203
865,585
Kellanova
17,900
987,185
Kraft
Heinz
Co.
(The)
54,109
1,908,966
Lamb
Weston
Holdings,
Inc.
9,836
1,005,338
McCormick
&
Co.,
Inc.
(Non-Voting)
17,055
1,174,407
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Mondelez
International,
Inc.,
Class
a
A
92,331
$
6,746,626
Tyson
Foods,
Inc.,
Class
a
A
19,358
1,049,978
23,208,573
Gas
Utilities
—
0.0%(b)
Atmos
Energy
Corp.
10,078
1,137,907
Ground
Transportation
—
0.8%
CSX
Corp.
134,119
5,088,475
JB
Hunt
Transport
Services,
Inc.
5,530
1,140,894
Norfolk
Southern
Corp.
15,348
3,888,876
Old
Dominion
Freight
Line,
Inc.
6,073
2,687,181
Uber
Technologies,
Inc.*
139,666
11,103,447
Union
Pacific
Corp.
41,373
10,495,917
34,404,790
Health
Care
Equipment
&
Supplies
—
1.7%
Abbott
Laboratories
117,778
13,973,182
Align
Technology,
Inc.*
4,834
1,461,898
Baxter
International,
Inc.
34,432
1,408,957
Becton
Dickinson
&
Co.
19,690
4,637,980
Boston
Scientific
Corp.*
99,376
6,579,685
Cooper
Cos.,
Inc.
(The)
13,445
1,258,452
DENTSPLY
SIRONA,
Inc.
14,379
469,906
Dexcom,
Inc.*
26,223
3,017,481
Edwards
Lifesciences
Corp.*
41,163
3,493,504
GE
HealthCare
Technologies,
Inc.
27,505
2,510,656
Hologic,
Inc.*
16,624
1,226,851
IDEXX
Laboratories,
Inc.*
5,640
3,244,297
Insulet
Corp.*
4,739
777,196
Intuitive
Surgical,
Inc.*
23,895
9,213,912
Medtronic
plc
90,303
7,527,658
ResMed,
Inc.
9,983
1,734,247
STERIS
plc
6,706
1,561,895
Stryker
Corp.
22,947
8,010,109
Teleflex,
Inc.
3,189
710,477
Zimmer
Biomet
Holdings,
Inc.
14,183
1,763,798
74,582,141
Health
Care
Providers
&
Services
—
1.8%
Cardinal
Health,
Inc.
16,728
1,873,201
Cencora,
Inc.
11,314
2,665,578
Centene
Corp.*
36,256
2,843,558
Cigna
Group
(The)
19,860
6,675,740
CVS
Health
Corp.
87,171
6,482,907
DaVita,
Inc.*
3,656
464,202
Elevance
Health,
Inc.
15,947
7,993,434
HCA
Healthcare,
Inc.
13,443
4,190,183
Henry
Schein,
Inc.*
8,863
677,754
Humana,
Inc.
8,355
2,926,924
Laboratory
Corp.
of
America
Holdings
5,762
1,243,612
McKesson
Corp.
9,031
4,708,854
Molina
Healthcare,
Inc.*
3,957
1,558,702
Quest
Diagnostics,
Inc.
7,631
953,036
UnitedHealth
Group,
Inc.
62,774
30,985,246
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
S&P500
®
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
85
SSO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Universal
Health
Services,
Inc.,
Class
a
B
4,141
$
691,796
76,934,727
Health
Care
REITs
—
0.1%
Healthpeak
Properties,
Inc.,
REIT
47,536
796,228
Ventas,
Inc.,
REIT
27,309
1,154,898
Welltower,
Inc.,
REIT
37,564
3,461,898
5,413,024
Hotel
&
Resort
REITs
—
0.0%(b)
Host
Hotels
&
Resorts,
Inc.,
REIT
47,878
992,990
Hotels,
Restaurants
&
Leisure
—
1.4%
Airbnb,
Inc.,
Class
a
A*
29,506
4,646,310
Booking
Holdings,
Inc.*
2,368
8,214,189
Caesars
Entertainment,
Inc.*
14,640
636,401
Carnival
Corp.*
68,379
1,084,491
Chipotle
Mexican
Grill,
Inc.,
Class
a
A*
1,863
5,009,179
Darden
Restaurants,
Inc.
8,166
1,394,018
Domino's
Pizza,
Inc.
2,367
1,061,244
Expedia
Group,
Inc.*
9,049
1,238,084
Hilton
Worldwide
Holdings,
Inc.
17,404
3,555,985
Las
Vegas
Sands
Corp.
25,054
1,365,944
Marriott
International,
Inc.,
Class
a
A
16,743
4,183,573
McDonald's
Corp.
49,229
14,388,652
MGM
Resorts
International*
18,546
802,671
Norwegian
Cruise
Line
Holdings
Ltd.*
28,873
559,848
Royal
Caribbean
Cruises
Ltd.*
15,999
1,973,477
Starbucks
Corp.
77,548
7,359,305
Wynn
Resorts
Ltd.
6,516
685,483
Yum!
Brands,
Inc.
19,024
2,633,302
60,792,156
Household
Durables
—
0.3%
DR
Horton,
Inc.
20,453
3,056,496
Garmin
Ltd.
10,388
1,426,792
Lennar
Corp.,
Class
a
A
16,978
2,691,183
Mohawk
Industries,
Inc.*
3,587
425,490
NVR,
Inc.*
216
1,647,123
PulteGroup,
Inc.
14,632
1,585,816
Whirlpool
Corp.
3,723
399,813
11,232,713
Household
Products
—
0.8%
Church
&
Dwight
Co.,
Inc.
16,722
1,674,207
Clorox
Co.
(The)
8,416
1,290,257
Colgate-Palmolive
Co.
55,882
4,834,911
Kimberly-Clark
Corp.
22,936
2,779,155
Procter
&
Gamble
Co.
(The)
159,961
25,424,201
36,002,731
Independent
Power
and
Renewable
Electricity
Producers
—
0.0%(b)
AES
Corp.
(The)
45,447
690,794
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Industrial
Conglomerates
—
0.6%
3M
Co.
37,485
$
3,453,118
General
Electric
Co.
73,868
11,589,151
Honeywell
International,
Inc.
44,743
8,891,776
23,934,045
Industrial
REITs
—
0.2%
Prologis,
Inc.,
REIT
62,709
8,357,228
Insurance
—
1.4%
Aflac,
Inc.
36,092
2,914,068
Allstate
Corp.
(The)
17,761
2,833,235
American
International
Group,
Inc.
47,647
3,472,990
Aon
plc,
Class
a
A
13,589
4,293,988
Arch
Capital
Group
Ltd.*
25,327
2,218,392
Arthur
J
Gallagher
&
Co.
14,653
3,574,306
Assurant,
Inc.
3,569
647,595
Brown
&
Brown,
Inc.
16,032
1,350,055
Chubb
Ltd.
27,690
6,968,742
Cincinnati
Financial
Corp.
10,649
1,213,986
Everest
Group
Ltd.
2,946
1,086,720
Globe
Life,
Inc.
5,813
737,844
Hartford
Financial
Services
Group,
Inc.
(The)
20,413
1,956,382
Loews
Corp.
12,425
933,490
Marsh
&
McLennan
Cos.,
Inc.
33,465
6,768,966
MetLife,
Inc.
42,198
2,942,889
Principal
Financial
Group,
Inc.
14,886
1,203,682
Progressive
Corp.
(The)
39,706
7,526,669
Prudential
Financial,
Inc.
24,501
2,670,364
Travelers
Cos.,
Inc.
(The)
15,501
3,425,101
W
R
Berkley
Corp.
13,826
1,155,854
Willis
Towers
Watson
plc
7,008
1,910,451
61,805,769
Interactive
Media
&
Services
—
4.1%
Alphabet,
Inc.,
Class
a
A*
401,681
55,616,751
Alphabet,
Inc.,
Class
a
C*
338,041
47,251,371
Match
Group,
Inc.*
18,448
664,866
Meta
Platforms,
Inc.,
Class
a
A
150,644
73,835,144
177,368,132
IT
Services
—
0.8%
Accenture
plc,
Class
a
A
42,596
15,964,129
Akamai
Technologies,
Inc.*
10,237
1,135,488
Cognizant
Technology
Solutions
Corp.,
Class
a
A
34,031
2,689,130
EPAM
Systems,
Inc.*
3,916
1,192,030
Gartner,
Inc.*
5,290
2,462,812
International
Business
Machines
Corp.
61,963
11,465,014
VeriSign,
Inc.*
6,029
1,177,404
36,086,007
Leisure
Products
—
0.0%(b)
Hasbro,
Inc.
8,851
445,117
ULTRA
S&P500
®
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
86
SSO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Life
Sciences
Tools
&
Services
—
1.0%
Agilent
Technologies,
Inc.
19,858
$
2,727,695
Bio-Rad
Laboratories,
Inc.,
Class
a
A*
1,421
463,075
Bio-Techne
Corp.
10,734
789,700
Charles
River
Laboratories
International,
Inc.*
3,482
885,090
Danaher
Corp.
44,634
11,298,651
Illumina,
Inc.*
10,778
1,507,088
IQVIA
Holdings,
Inc.*
12,428
3,071,704
Mettler-Toledo
International,
Inc.*
1,472
1,835,908
Revvity,
Inc.
8,376
917,926
Thermo
Fisher
Scientific,
Inc.
26,223
14,951,830
Waters
Corp.*
4,013
1,354,066
West
Pharmaceutical
Services,
Inc.
5,022
1,799,684
41,602,417
Machinery
—
1.2%
Caterpillar,
Inc.
34,623
11,562,697
Cummins,
Inc.
9,620
2,584,028
Deere
&
Co.
18,178
6,635,879
Dover
Corp.
9,494
1,570,118
Fortive
Corp.
23,852
2,030,521
IDEX
Corp.
5,133
1,210,875
Illinois
Tool
Works,
Inc.
18,583
4,871,533
Ingersoll
Rand,
Inc.
27,473
2,509,109
Nordson
Corp.
3,676
976,529
Otis
Worldwide
Corp.
27,776
2,647,053
PACCAR,
Inc.
35,501
3,936,706
Parker-Hannifin
Corp.
8,720
4,669,124
Pentair
plc
11,219
872,726
Snap-on,
Inc.
3,582
987,414
Stanley
Black
&
Decker,
Inc.
10,405
929,063
Westinghouse
Air
Brake
Technologies
Corp.
12,159
1,717,945
Xylem,
Inc.
16,362
2,078,792
51,790,112
Media
—
0.4%
Charter
Communications,
Inc.,
Class
a
A*
6,827
2,006,660
Comcast
Corp.,
Class
a
A
272,539
11,678,296
Fox
Corp.,
Class
a
A
16,779
499,846
Fox
Corp.,
Class
a
B
8,954
245,161
Interpublic
Group
of
Cos.,
Inc.
(The)
25,990
816,086
News
Corp.,
Class
a
A
25,830
694,310
News
Corp.,
Class
a
B
7,792
218,098
Omnicom
Group,
Inc.
13,435
1,187,520
Paramount
Global,
Class
a
B(c)
32,744
361,494
17,707,471
Metals
&
Mining
—
0.3%
Freeport-McMoRan,
Inc.
97,323
3,679,783
Newmont
Corp.
78,219
2,444,344
Nucor
Corp.
16,685
3,208,525
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Steel
Dynamics,
Inc.
10,323
$
1,381,424
10,714,076
Multi-Utilities
—
0.4%
Ameren
Corp.
17,846
1,270,457
CenterPoint
Energy,
Inc.
42,841
1,178,127
CMS
Energy
Corp.
19,802
1,136,041
Consolidated
Edison,
Inc.
23,430
2,043,330
Dominion
Energy,
Inc.
56,793
2,716,409
DTE
Energy
Co.
13,993
1,516,142
NiSource,
Inc.
28,047
730,905
Public
Service
Enterprise
Group,
Inc.
33,820
2,110,368
Sempra
42,718
3,015,891
WEC
Energy
Group,
Inc.
21,408
1,680,314
17,397,984
Office
REITs
—
0.0%(b)
Alexandria
Real
Estate
Equities,
Inc.,
REIT
10,615
1,324,009
Boston
Properties,
Inc.,
REIT
9,799
634,191
1,958,200
Oil,
Gas
&
Consumable
Fuels
—
2.3%
APA
Corp.
20,817
620,138
Chevron
Corp.
119,152
18,112,295
ConocoPhillips
80,589
9,069,486
Coterra
Energy,
Inc.
51,051
1,316,095
Devon
Energy
Corp.
43,484
1,915,905
Diamondback
Energy,
Inc.
12,148
2,217,253
EOG
Resources,
Inc.
39,578
4,530,098
EQT
Corp.
27,917
1,037,117
Exxon
Mobil
Corp.
271,863
28,415,121
Hess
Corp.
18,762
2,734,561
Kinder
Morgan,
Inc.
131,247
2,282,385
Marathon
Oil
Corp.
39,720
963,210
Marathon
Petroleum
Corp.
25,770
4,361,057
Occidental
Petroleum
Corp.
44,813
2,716,116
ONEOK,
Inc.
39,537
2,970,019
Phillips
66
29,860
4,255,349
Pioneer
Natural
Resources
Co.
15,835
3,724,234
Targa
Resources
Corp.
15,133
1,486,666
Valero
Energy
Corp.
23,106
3,268,575
Williams
Cos.,
Inc.
(The)
82,563
2,967,314
98,962,994
Passenger
Airlines
—
0.1%
American
Airlines
Group,
Inc.*
44,355
695,486
Delta
Air
Lines,
Inc.
43,671
1,845,973
Southwest
Airlines
Co.
40,458
1,386,496
United
Airlines
Holdings,
Inc.*
22,260
1,012,608
4,940,563
Personal
Care
Products
—
0.1%
Estee
Lauder
Cos.,
Inc.
(The),
Class
a
A
15,766
2,342,512
Kenvue,
Inc.
116,973
2,222,487
4,564,999
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
S&P500
®
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
87
SSO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Pharmaceuticals
—
2.6%
Bristol-Myers
Squibb
Co.
138,098
$
7,008,473
Catalent,
Inc.*
12,235
701,555
Eli
Lilly
&
Co.
54,120
40,789,161
Johnson
&
Johnson
163,381
26,366,426
Merck
&
Co.,
Inc.
171,983
21,867,638
Pfizer,
Inc.
383,219
10,178,297
Viatris,
Inc.
81,421
1,007,178
Zoetis,
Inc.,
Class
a
A
31,160
6,179,963
114,098,691
Professional
Services
—
0.5%
Automatic
Data
Processing,
Inc.
27,915
7,010,294
Broadridge
Financial
Solutions,
Inc.
7,985
1,625,586
Dayforce,
Inc.*
10,586
738,479
Equifax,
Inc.
8,363
2,288,033
Jacobs
Solutions,
Inc.
8,546
1,253,271
Leidos
Holdings,
Inc.
9,332
1,193,190
Paychex,
Inc.
21,820
2,675,568
Paycom
Software,
Inc.
3,329
607,176
Robert
Half,
Inc.
7,187
577,835
Verisk
Analytics,
Inc.,
Class
a
A
9,843
2,381,022
20,350,454
Real
Estate
Management
&
Development
—
0.1%
CBRE
Group,
Inc.,
Class
a
A*
20,686
1,900,837
CoStar
Group,
Inc.*
27,715
2,412,036
4,312,873
Residential
REITs
—
0.2%
AvalonBay
Communities,
Inc.,
REIT
9,638
1,706,215
Camden
Property
Trust,
REIT
7,246
684,602
Equity
Residential,
REIT
23,452
1,412,045
Essex
Property
Trust,
Inc.,
REIT
4,356
1,007,978
Invitation
Homes,
Inc.,
REIT
39,041
1,330,127
Mid-America
Apartment
Communities,
Inc.,
REIT
7,920
995,386
UDR,
Inc.,
REIT
20,538
729,099
7,865,452
Retail
REITs
—
0.2%
Federal
Realty
Investment
Trust,
REIT
4,986
502,838
Kimco
Realty
Corp.,
REIT
45,134
891,848
Realty
Income
Corp.,
REIT
56,441
2,941,140
Regency
Centers
Corp.,
REIT
11,149
690,681
Simon
Property
Group,
Inc.,
REIT
22,142
3,280,116
8,306,623
Semiconductors
&
Semiconductor
Equipment
—
6.6%
Advanced
Micro
Devices,
Inc.*
109,656
21,111,975
Analog
Devices,
Inc.
33,820
6,487,352
Applied
Materials,
Inc.
56,778
11,447,580
Broadcom,
Inc.
29,791
38,742,898
Enphase
Energy,
Inc.*
9,268
1,177,129
Investments
Shares
Value
Common
Stocks
(a)
(continued)
First
Solar,
Inc.*
7,251
$
1,115,856
Intel
Corp.
286,138
12,318,241
KLA
Corp.
9,226
6,294,900
Lam
Research
Corp.
8,945
8,392,646
Microchip
Technology,
Inc.
36,720
3,089,621
Micron
Technology,
Inc.
74,523
6,752,529
Monolithic
Power
Systems,
Inc.
3,252
2,341,570
NVIDIA
Corp.
167,638
132,621,775
NXP
Semiconductors
NV
17,494
4,368,777
ON
Semiconductor
Corp.*
29,231
2,306,910
Qorvo,
Inc.*
6,607
756,832
QUALCOMM,
Inc.
75,539
11,919,299
Skyworks
Solutions,
Inc.
10,818
1,135,024
Teradyne,
Inc.
10,376
1,074,850
Texas
Instruments,
Inc.
61,639
10,314,054
283,769,818
Software
—
7.3%
Adobe,
Inc.*
30,901
17,313,212
ANSYS,
Inc.*
5,890
1,968,261
Autodesk,
Inc.*
14,508
3,745,530
Cadence
Design
Systems,
Inc.*
18,465
5,620,377
Fair
Isaac
Corp.*
1,677
2,129,639
Fortinet,
Inc.*
43,258
2,989,560
Gen
Digital,
Inc.
38,267
822,358
Intuit,
Inc.
19,021
12,608,831
Microsoft
Corp.
504,473
208,670,212
Oracle
Corp.
107,834
12,042,901
Palo
Alto
Networks,
Inc.*
21,095
6,551,052
PTC,
Inc.*
8,065
1,475,976
Roper
Technologies,
Inc.
7,250
3,949,293
Salesforce,
Inc.*
66,037
20,393,546
ServiceNow,
Inc.*
13,913
10,731,653
Synopsys,
Inc.*
10,322
5,922,041
Tyler
Technologies,
Inc.*
2,856
1,248,472
318,182,914
Specialized
REITs
—
0.7%
American
Tower
Corp.,
REIT
31,638
6,291,533
Crown
Castle,
Inc.,
REIT
29,455
3,238,283
Digital
Realty
Trust,
Inc.,
REIT
20,554
3,017,533
Equinix,
Inc.,
REIT
6,372
5,663,561
Extra
Space
Storage,
Inc.,
REIT
14,339
2,021,369
Iron
Mountain,
Inc.,
REIT
19,817
1,558,409
Public
Storage,
REIT
10,741
3,049,047
SBA
Communications
Corp.,
Class
a
A,
REIT
7,322
1,531,982
VICI
Properties,
Inc.,
Class
a
A,
REIT
70,213
2,101,475
Weyerhaeuser
Co.,
REIT
49,545
1,703,357
30,176,549
Specialty
Retail
—
1.4%
AutoZone,
Inc.*
1,197
3,598,206
Bath
&
Body
Works,
Inc.
15,432
705,242
Best
Buy
Co.,
Inc.
13,146
1,063,248
CarMax,
Inc.*
10,769
850,751
Home
Depot,
Inc.
(The)
67,874
25,833,523
Lowe's
Cos.,
Inc.
39,168
9,426,563
O'Reilly
Automotive,
Inc.*
4,015
4,365,991
ULTRA
S&P500
®
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
88
SSO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Ross
Stores,
Inc.
22,983
$
3,423,548
TJX
Cos.,
Inc.
(The)
77,648
7,698,023
Tractor
Supply
Co.
7,338
1,866,200
Ulta
Beauty,
Inc.*
3,341
1,832,739
60,664,034
Technology
Hardware,
Storage
&
Peripherals
—
4.3%
Apple,
Inc.
992,224
179,344,488
Hewlett
Packard
Enterprise
Co.
87,067
1,326,030
HP,
Inc.
59,025
1,672,178
NetApp,
Inc.
14,171
1,262,920
Seagate
Technology
Holdings
plc
13,201
1,228,353
Western
Digital
Corp.*
22,006
1,308,697
186,142,666
Textiles,
Apparel
&
Luxury
Goods
—
0.3%
Lululemon
Athletica,
Inc.*
7,815
3,650,308
NIKE,
Inc.,
Class
a
B
83,073
8,633,777
Ralph
Lauren
Corp.,
Class
a
A
2,698
501,612
Tapestry,
Inc.
15,555
739,329
VF
Corp.
22,434
366,572
13,891,598
Tobacco
—
0.3%
Altria
Group,
Inc.
120,037
4,910,714
Philip
Morris
International,
Inc.
105,361
9,478,275
14,388,989
Trading
Companies
&
Distributors
—
0.2%
Fastenal
Co.
38,782
2,831,474
United
Rentals,
Inc.
4,600
3,189,042
WW
Grainger,
Inc.
2,998
2,918,433
8,938,949
Water
Utilities
—
0.0%(b)
American
Water
Works
Co.,
Inc.
13,215
1,566,506
Wireless
Telecommunication
Services
—
0.1%
T-Mobile
US,
Inc.
34,535
5,639,565
Total
Common
Stocks
(Cost
$3,022,973,421)
2,904,151,340
Securities
Lending
Reinvestments
(d)
—
0.0%
(b)
Investment
Companies
—
0.0%
(b)
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
5.25%
(e)
(Cost
$10,649)
10,649
10,649
Investments
Principal
Amount
Value
Short-Term
Investments
—
16.2%
Repurchase
Agreements
(f)
—
2.4%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$105,027,899
(Cost
$105,012,450)
$
105,012,450
$
105,012,450
U.S.
Treasury
Obligations
(a)
—
13.8%
U.S.
Treasury
Bills
5.29%,
3/5/2024
(g)
100,000,000
99,941,494
5.27%,
3/12/2024
(g)
100,000,000
99,838,850
5.44%,
3/21/2024
(g)
150,000,000
149,559,584
5.46%,
3/28/2024
(g)
75,000,000
74,703,281
5.32%,
4/25/2024
(g)
25,000,000
24,798,314
5.30%,
5/21/2024
(g)
150,000,000
148,236,393
Total
U.S.
Treasury
Obligations
(Cost
$597,082,817)
597,077,916
Total
Short-Term
Investments
(Cost
$702,095,267)
702,090,366
Total
Investments
—
83.2%
(Cost
$3,725,079,337)
3,606,252,355
Other
assets
less
liabilities
—
16.8%
728,397,936
Net
Assets
—
100.0%
$
4,334,650,291
*
Non-income
producing
security.
(a)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$315,140,972.
(b)
Represents
less
than
0.05%
of
net
assets.
(c)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
29,
2024.
The
total
value
of
securities
on
loan
at
February
29,
2024
was
$10,223,
collateralized
in
the
form
of
cash
with
a
value
of
$10,649
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(d)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
29,
2024.
The
total
value
of
securities
purchased
was
$10,649.
(e)
Rate
shown
is
the
7-day
yield
as
of
February
29,
2024.
(f)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(g)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
S&P500
®
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
89
SSO
::
Futures
Contracts
Purchased
Ultra
S&P500
®
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
S&P
500
E-Mini
Index
1,149
3/15/2024
U.S.
Dollar
$
293,210,438
$
25,568,209
Swap
Agreements
Ultra
S&P500
®
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
545,688,207
3/6/2025
Bank
of
America
NA
5.93%
S&P
500
®
64,691,236
976,965,152
2/11/2025
BNP
Paribas
SA
5.93%
S&P
500
®
120,838,466
395,098,524
3/6/2025
Citibank
NA
5.93%
S&P
500
®
59,642,275
611,613,555
11/6/2025
Goldman
Sachs
International
5.93%
S&P
500
®
16,537,555
1,470,027,891
12/6/2025
Goldman
Sachs
International
5.84%
SPDR
®
S&P
500
®
ETF
Trust
37,621,349
2,081,641,446
54,158,904
152,974,737
4/7/2025
J.P.
Morgan
Securities
5.83%
S&P
500
®
14,706,437
223,471,439
3/6/2025
Morgan
Stanley
&
Co.
International
plc
5.88%
S&P
500
®
43,456,075
700,115,380
11/6/2025
Societe
Generale
5.98%
S&P
500
®
96,177,492
395,327,856
11/7/2024
UBS
AG
5.83%
S&P
500
®
53,158,917
5,471,282,741
506,829,802
Total
Unrealized
Appreciation
506,829,802
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
SEMICONDUCTORS
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
90
USD
::
Investments
Shares
Value
Common
Stocks
—
62
.0
%
Semiconductors
&
Semiconductor
Equipment
—
62.0%
Advanced
Micro
Devices,
Inc.*
151,013
$
29,074,533
Allegro
MicroSystems,
Inc.*
6,659
209,692
Amkor
Technology,
Inc.
9,654
299,467
Analog
Devices,
Inc.
46,580
8,934,976
Applied
Materials,
Inc.
78,194
15,765,474
Axcelis
Technologies,
Inc.*
3,062
344,996
Broadcom,
Inc.
41,026
53,353,903
Cirrus
Logic,
Inc.*
5,042
462,956
Enphase
Energy,
Inc.*
12,761
1,620,775
Entegris,
Inc.
14,034
1,885,608
GLOBALFOUNDRIES,
Inc.*(a)
7,755
423,966
Intel
Corp.
394,069
16,964,670
KLA
Corp.
12,712
8,673,398
Lam
Research
Corp.
12,322
11,561,116
Lattice
Semiconductor
Corp.*
12,903
988,499
Marvell
Technology,
Inc.
80,652
5,779,522
Microchip
Technology,
Inc.
50,578
4,255,633
Micron
Technology,
Inc.
102,609
9,297,401
MKS
Instruments,
Inc.
5,871
720,724
Monolithic
Power
Systems,
Inc.
4,483
3,227,939
NVIDIA
Corp.
230,867
182,643,501
NXP
Semiconductors
NV
24,087
6,015,247
ON
Semiconductor
Corp.*
40,262
3,177,477
Power
Integrations,
Inc.
5,311
379,524
Qorvo,
Inc.*
9,105
1,042,978
QUALCOMM,
Inc.
104,037
16,415,998
Rambus,
Inc.*
10,044
595,007
Silicon
Laboratories,
Inc.*
2,974
409,044
Skyworks
Solutions,
Inc.
14,902
1,563,518
SolarEdge
Technologies,
Inc.*
5,307
356,471
Teradyne,
Inc.
14,296
1,480,923
Texas
Instruments,
Inc.
84,894
14,205,313
Universal
Display
Corp.
4,074
710,587
Wolfspeed,
Inc.*
11,720
304,954
Total
Common
Stocks
(Cost
$271,425,343)
403,145,790
Securities
Lending
Reinvestments
(b)
—
0
.1
%
Investment
Companies
—
0
.1
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
5.25%
(c)
(Cost
$375,113)
375,113
375,113
Investments
Principal
Amount
Value
Short-Term
Investments
—
1
.9
%
Repurchase
Agreements
(d)
—
1
.9
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$12,100,002
(Cost
$12,098,222)
$
12,098,222
$
12,098,222
Total
Investments
—
64.0%
(Cost
$283,898,678)
415,619,125
Other
assets
less
liabilities
—
36.0%
233,377,237
Net
Assets
—
100.0%
$
648,996,362
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
29,
2024.
The
total
value
of
securities
on
loan
at
February
29,
2024
was
$381,542,
collateralized
in
the
form
of
cash
with
a
value
of
$375,113
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
The
market
value
of
the
loaned
securities
is
determined
at
the
close
of
each
business
day
of
the
Fund
and
any
additional
required
collateral
is
delivered
to
the
Fund,
or
excess
collateral
returned
by
the
Fund,
on
the
next
business
day.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
29,
2024.
The
total
value
of
securities
purchased
was
$375,113.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
29,
2024.
(d)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
SEMICONDUCTORS
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
91
USD
::
Swap
Agreements
Ultra
Semiconductors
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
160,336,273
5/6/2025
Bank
of
America
NA
5.93%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
21,431,529
81,706,047
11/6/2025
BNP
Paribas
SA
5.83%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
14,056,774
40,845,735
4/8/2024
Goldman
Sachs
International
5.93%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
12,688,611
128,951,238
4/7/2025
J.P.
Morgan
Securities
5.78%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
21,357,959
146,793,914
3/6/2024
Morgan
Stanley
&
Co.
International
plc
5.93%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
40,471,471
51,035,302
3/6/2025
Societe
Generale
6.18%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
12,179,927
285,132,966
5/6/2025
UBS
AG
5.68%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
92,410,594
894,801,475
214,596,865
Total
Unrealized
Appreciation
214,596,865
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
ULTRA
SMALLCAP600
::
FEBRUARY
29,
2024
(UNAUDITED)
SUMMARY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
92
SAA
::
Investments
Shares
Value
Common
Stocks
—
76
.3
%
Aerospace
&
Defense
—
1.0%
AAR
Corp.*
750
$
50,085
AeroVironment,
Inc.*
588
74,553
Kaman
Corp.
631
28,906
Mercury
Systems,
Inc.*
1,166
34,828
Moog,
Inc.,
Class
a
A
643
96,418
National
Presto
Industries,
Inc.
117
9,048
Triumph
Group,
Inc.*
1,718
23,880
317,718
Air
Freight
&
Logistics
—
0.2%
Forward
Air
Corp.
574
21,313
Hub
Group,
Inc.,
Class
a
A*
1,395
59,329
80,642
Automobile
Components
—
1.1%
American
Axle
&
Manufacturing
Holdings,
Inc.*
2,617
18,110
Dana,
Inc.
2,872
35,900
Dorman
Products,
Inc.*
634
59,735
Gentherm,
Inc.*
733
41,678
LCI
Industries
566
71,305
Patrick
Industries,
Inc.
465
55,772
Phinia,
Inc.
1,044
35,726
Standard
Motor
Products,
Inc.
418
13,276
XPEL,
Inc.*(a)
476
25,028
356,530
Automobiles
—
0.1%
Winnebago
Industries,
Inc.
669
47,987
Banks
—
6.6%
Ameris
Bancorp
1,451
67,225
Atlantic
Union
Bankshares
Corp.
1,677
55,777
Axos
Financial,
Inc.*
1,149
59,886
Banc
of
California,
Inc.
2,925
42,793
BancFirst
Corp.
324
28,428
Bancorp,
Inc.
(The)*
1,200
53,568
Bank
of
Hawaii
Corp.
889
53,589
BankUnited,
Inc.
1,664
44,628
Banner
Corp.
768
33,669
Berkshire
Hills
Bancorp,
Inc.
959
20,609
Brookline
Bancorp,
Inc.
1,987
19,413
Capitol
Federal
Financial,
Inc.
2,827
16,368
Cathay
General
Bancorp
1,624
63,417
Central
Pacific
Financial
Corp.
605
11,289
City
Holding
Co.
332
33,359
Community
Bank
System,
Inc.
1,194
54,088
Customers
Bancorp,
Inc.*
632
34,324
CVB
Financial
Corp.
2,960
50,379
Dime
Community
Bancshares,
Inc.
781
14,636
Eagle
Bancorp,
Inc.
669
15,936
FB
Financial
Corp.
786
28,013
First
Bancorp(b)
3,858
65,509
First
Bancorp
919
31,356
First
Commonwealth
Financial
Corp.
2,283
29,747
Investments
Shares
Value
Common
Stocks
(continued)
First
Financial
Bancorp
2,127
$
46,156
First
Hawaiian,
Inc.
2,853
59,799
Fulton
Financial
Corp.
3,671
56,533
Hanmi
Financial
Corp.
680
10,275
Heritage
Financial
Corp.
780
14,313
Hilltop
Holdings,
Inc.
1,035
31,961
Hope
Bancorp,
Inc.
2,686
29,465
Independent
Bank
Corp.
981
51,179
Independent
Bank
Group,
Inc.
803
35,115
Lakeland
Financial
Corp.
569
36,245
National
Bank
Holdings
Corp.,
Class
a
A
844
28,561
NBT
Bancorp,
Inc.
1,053
36,213
Northfield
Bancorp,
Inc.
885
8,939
Northwest
Bancshares,
Inc.
2,842
32,569
OFG
Bancorp
1,052
38,103
Pacific
Premier
Bancorp,
Inc.
2,144
49,012
Park
National
Corp.
321
41,252
Pathward
Financial,
Inc.
585
29,741
Preferred
Bank
279
20,046
Provident
Financial
Services,
Inc.
1,689
25,470
Renasant
Corp.
1,255
39,671
S&T
Bancorp,
Inc.
855
26,667
Seacoast
Banking
Corp.
of
Florida
1,904
45,963
ServisFirst
Bancshares,
Inc.
1,095
69,193
Simmons
First
National
Corp.,
Class
a
A
2,799
53,741
Southside
Bancshares,
Inc.
641
18,371
Stellar
Bancorp,
Inc.
1,048
24,838
Tompkins
Financial
Corp.
279
13,437
Triumph
Financial,
Inc.*
484
36,300
TrustCo
Bank
Corp.
425
11,598
Trustmark
Corp.
1,366
36,691
United
Community
Banks,
Inc.
2,660
69,187
Veritex
Holdings,
Inc.
1,215
23,850
WaFd,
Inc.
1,523
41,487
Westamerica
Bancorp
596
27,243
WSFS
Financial
Corp.
1,358
57,566
2,204,756
Beverages
—
0.2%
MGP
Ingredients,
Inc.
350
29,813
National
Beverage
Corp.*
522
27,478
57,291
Biotechnology
—
1.7%
Alkermes
plc*
3,731
110,774
Arcus
Biosciences,
Inc.*
1,205
23,052
Catalyst
Pharmaceuticals,
Inc.*
2,477
39,706
Cytokinetics,
Inc.*
2,192
158,350
Dynavax
Technologies
Corp.*
2,890
36,616
Ironwood
Pharmaceuticals,
Inc.,
Class
a
A*
3,072
28,969
Myriad
Genetics,
Inc.*
1,983
41,504
REGENXBIO,
Inc.*
905
15,783
Vericel
Corp.*
1,067
48,741
Vir
Biotechnology,
Inc.*
1,925
21,637
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
SMALLCAP600
SUMMARY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
93
SAA
::
Investments
Shares
Value
Common
Stocks
(continued)
Xencor,
Inc.*
1,361
$
31,235
556,367
Broadline
Retail
—
0.2%
Kohl's
Corp.
2,475
68,978
Building
Products
—
2.2%
AAON,
Inc.
1,508
126,642
American
Woodmark
Corp.*
367
36,788
Apogee
Enterprises,
Inc.
494
28,262
Armstrong
World
Industries,
Inc.
988
119,163
AZZ,
Inc.
561
40,841
Gibraltar
Industries,
Inc.*
681
52,743
Griffon
Corp.
916
65,402
Hayward
Holdings,
Inc.*
2,819
41,693
Insteel
Industries,
Inc.
435
15,838
Masterbrand,
Inc.*
2,834
49,057
PGT
Innovations,
Inc.*
1,276
53,299
Quanex
Building
Products
Corp.
738
25,520
Resideo
Technologies,
Inc.*
3,265
72,907
728,155
Capital
Markets
—
1.3%
Artisan
Partners
Asset
Management,
Inc.,
Class
a
A
1,531
65,940
B
Riley
Financial,
Inc.(b)
369
6,764
Brightsphere
Investment
Group,
Inc.
724
16,406
Donnelley
Financial
Solutions,
Inc.*
553
35,702
Moelis
&
Co.,
Class
a
A
1,491
80,574
Piper
Sandler
Cos.
336
63,259
PJT
Partners,
Inc.,
Class
a
A
499
52,594
StoneX
Group,
Inc.*
600
41,556
Virtus
Investment
Partners,
Inc.
151
35,080
WisdomTree,
Inc.
2,469
19,900
417,775
Chemicals
—
1.9%
AdvanSix,
Inc.
603
16,872
Balchem
Corp.
721
113,334
Hawkins,
Inc.
423
29,716
HB
Fuller
Co.
1,208
96,072
Ingevity
Corp.*
753
34,397
Innospec,
Inc.
556
69,094
Koppers
Holdings,
Inc.
466
26,385
Mativ
Holdings,
Inc.
1,212
21,052
Minerals
Technologies,
Inc.
728
52,678
Quaker
Chemical
Corp.
310
62,155
Sensient
Technologies
Corp.
945
63,202
Stepan
Co.
475
42,370
627,327
Commercial
Services
&
Supplies
—
1.7%
ABM
Industries,
Inc.
1,465
60,519
Brady
Corp.,
Class
a
A
1,002
58,397
CoreCivic,
Inc.*
2,540
38,684
Deluxe
Corp.
977
18,964
Enviri
Corp.*
1,785
14,030
Investments
Shares
Value
Common
Stocks
(continued)
GEO
Group,
Inc.
(The)*
2,729
$
33,485
Healthcare
Services
Group,
Inc.*
1,651
21,067
HNI
Corp.
1,042
46,692
Interface,
Inc.,
Class
a
A
1,299
20,420
Liquidity
Services,
Inc.*
501
8,983
Matthews
International
Corp.,
Class
a
A
681
19,708
MillerKnoll,
Inc.
1,643
50,194
OPENLANE,
Inc.*
2,415
36,877
Pitney
Bowes,
Inc.
3,430
13,823
UniFirst
Corp.
338
57,027
Vestis
Corp.
2,923
54,835
Viad
Corp.*
468
17,424
571,129
Communications
Equipment
—
0.6%
ADTRAN
Holdings,
Inc.
1,584
9,013
Digi
International,
Inc.*
804
23,766
Extreme
Networks,
Inc.*
2,898
36,631
Harmonic,
Inc.*
2,509
32,943
NetScout
Systems,
Inc.*
1,587
34,359
Viasat,
Inc.*
1,670
32,682
Viavi
Solutions,
Inc.*
4,973
47,492
216,886
Construction
&
Engineering
—
0.9%
Arcosa,
Inc.
1,090
90,470
Dycom
Industries,
Inc.*
656
82,977
Granite
Construction,
Inc.
982
50,603
MYR
Group,
Inc.*
374
60,760
284,810
Consumer
Finance
—
0.7%
Bread
Financial
Holdings,
Inc.
1,103
42,223
Encore
Capital
Group,
Inc.*
526
25,248
Enova
International,
Inc.*
668
42,251
EZCORP,
Inc.,
Class
a
A*
1,165
12,221
Green
Dot
Corp.,
Class
a
A*
1,009
8,284
Navient
Corp.
1,893
30,780
PRA
Group,
Inc.*
877
22,416
PROG
Holdings,
Inc.*
1,000
30,870
World
Acceptance
Corp.*
76
9,102
223,395
Consumer
Staples
Distribution
&
Retail
—
0.5%
Andersons,
Inc.
(The)
709
39,194
Chefs'
Warehouse,
Inc.
(The)*
789
29,990
PriceSmart,
Inc.
560
47,118
SpartanNash
Co.
774
16,308
United
Natural
Foods,
Inc.*
1,328
20,730
153,340
Containers
&
Packaging
—
0.6%
Myers
Industries,
Inc.
823
15,826
O-I
Glass,
Inc.*
3,467
58,662
Sealed
Air
Corp.
3,230
112,630
187,118
ULTRA
SMALLCAP600
::
FEBRUARY
29,
2024
(UNAUDITED)
SUMMARY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
94
SAA
::
Investments
Shares
Value
Common
Stocks
(continued)
Diversified
Consumer
Services
—
0.8%
Adtalem
Global
Education,
Inc.*
891
$
44,104
Frontdoor,
Inc.*
1,780
55,821
Mister
Car
Wash,
Inc.*
2,037
16,886
Perdoceo
Education
Corp.
1,469
26,163
Strategic
Education,
Inc.
491
54,398
Stride,
Inc.*
889
53,118
250,490
Diversified
REITs
—
0.5%
Alexander
&
Baldwin,
Inc.,
REIT
1,622
26,374
American
Assets
Trust,
Inc.,
REIT
1,086
23,425
Armada
Hoffler
Properties,
Inc.,
REIT
1,507
15,341
Essential
Properties
Realty
Trust,
Inc.,
REIT
3,489
83,352
Global
Net
Lease,
Inc.,
REIT
4,378
31,566
180,058
Diversified
Telecommunication
Services
—
0.5%
ATN
International,
Inc.
234
7,848
Cogent
Communications
Holdings,
Inc.
968
78,321
Consolidated
Communications
Holdings,
Inc.*
1,667
7,185
Lumen
Technologies,
Inc.*
22,559
36,545
Shenandoah
Telecommunications
Co.
1,124
20,974
150,873
Electric
Utilities
—
0.3%
Otter
Tail
Corp.
933
84,399
Electrical
Equipment
—
0.4%
Encore
Wire
Corp.
353
85,073
Powell
Industries,
Inc.
204
37,789
SunPower
Corp.*(b)
1,919
5,968
Vicor
Corp.*
505
18,806
147,636
Electronic
Equipment,
Instruments
&
Components
—
3.2%
Advanced
Energy
Industries,
Inc.
834
84,401
Arlo
Technologies,
Inc.*
2,116
22,027
Badger
Meter,
Inc.
656
104,101
Benchmark
Electronics,
Inc.
798
24,507
CTS
Corp.
697
31,058
ePlus,
Inc.*
602
49,599
Fabrinet*
812
175,043
Insight
Enterprises,
Inc.*
619
116,372
Itron,
Inc.*
1,017
94,256
Knowles
Corp.*
2,018
32,974
Methode
Electronics,
Inc.
805
17,146
OSI
Systems,
Inc.*
349
45,782
PC
Connection,
Inc.
253
16,794
Plexus
Corp.*
614
57,962
Rogers
Corp.*
375
42,026
Investments
Shares
Value
Common
Stocks
(continued)
Sanmina
Corp.*
1,280
$
80,896
ScanSource,
Inc.*
558
24,122
TTM
Technologies,
Inc.*
2,286
33,947
1,053,013
Energy
Equipment
&
Services
—
1.5%
Archrock,
Inc.
3,071
56,107
Bristow
Group,
Inc.,
Class
a
A*
537
14,472
Core
Laboratories,
Inc.
1,045
15,644
Dril-Quip,
Inc.*
764
17,266
Helix
Energy
Solutions
Group,
Inc.*
3,168
28,512
Helmerich
&
Payne,
Inc.(b)
2,223
85,341
Liberty
Energy,
Inc.,
Class
a
A
3,431
73,355
Nabors
Industries
Ltd.*
199
15,596
Oceaneering
International,
Inc.*
2,252
44,500
Oil
States
International,
Inc.*
1,429
7,702
Patterson-UTI
Energy,
Inc.
7,184
83,119
ProPetro
Holding
Corp.*
1,898
14,045
RPC,
Inc.
1,902
14,056
US
Silica
Holdings,
Inc.*
1,725
19,837
489,552
Entertainment
—
0.4%
Cinemark
Holdings,
Inc.*
2,372
41,297
Madison
Square
Garden
Sports
Corp.*
373
70,195
Marcus
Corp.
(The)
550
8,068
119,560
Financial
Services
—
1.6%
EVERTEC,
Inc.
1,471
53,147
Jackson
Financial,
Inc.,
Class
a
A
1,582
87,089
Mr
Cooper
Group,
Inc.*
1,473
104,995
NCR
Atleos
Corp.*
1,496
32,553
NMI
Holdings,
Inc.,
Class
a
A*
1,813
54,535
Payoneer
Global,
Inc.*
5,825
28,310
Radian
Group,
Inc.
3,425
99,805
Walker
&
Dunlop,
Inc.
748
71,344
531,778
Food
Products
—
1.0%
B&G
Foods,
Inc.(b)
1,757
20,293
Calavo
Growers,
Inc.
397
11,458
Cal-Maine
Foods,
Inc.
909
52,258
Fresh
Del
Monte
Produce,
Inc.
753
18,019
Hain
Celestial
Group,
Inc.
(The)*(b)
2,006
20,060
J
&
J
Snack
Foods
Corp.
345
50,053
John
B
Sanfilippo
&
Son,
Inc.
201
20,576
Simply
Good
Foods
Co.
(The)*
2,027
71,918
Tootsie
Roll
Industries,
Inc.
386
12,553
TreeHouse
Foods,
Inc.*
1,125
40,264
WK
Kellogg
Co.
1,474
21,579
339,031
Gas
Utilities
—
0.2%
Chesapeake
Utilities
Corp.
484
49,383
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
SMALLCAP600
SUMMARY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
95
SAA
::
Investments
Shares
Value
Common
Stocks
(continued)
Northwest
Natural
Holding
Co.
822
$
30,200
79,583
Ground
Transportation
—
0.5%
ArcBest
Corp.
529
75,573
Heartland
Express,
Inc.
1,025
13,100
Marten
Transport
Ltd.
1,291
24,335
RXO,
Inc.*
2,616
56,296
169,304
Health
Care
Equipment
&
Supplies
—
1.9%
Artivion,
Inc.*
872
16,830
Avanos
Medical,
Inc.*
1,046
19,424
CONMED
Corp.
688
55,260
Embecta
Corp.
1,281
18,293
Glaukos
Corp.*
1,089
96,475
ICU
Medical,
Inc.*
453
49,481
Integer
Holdings
Corp.*
745
82,166
LeMaitre
Vascular,
Inc.
443
31,010
Merit
Medical
Systems,
Inc.*
1,291
98,374
Omnicell,
Inc.*
1,017
26,686
OraSure
Technologies,
Inc.*
1,643
11,821
STAAR
Surgical
Co.*
1,092
34,114
Tandem
Diabetes
Care,
Inc.*
1,455
38,747
UFP
Technologies,
Inc.*
157
32,705
Varex
Imaging
Corp.*
906
15,583
626,969
Health
Care
Providers
&
Services
—
2.5%
AdaptHealth
Corp.,
Class
a
A*
1,830
18,721
Addus
HomeCare
Corp.*
363
33,498
Agiliti,
Inc.*
784
7,738
AMN
Healthcare
Services,
Inc.*
845
47,548
Astrana
Health,
Inc.*
929
41,842
CorVel
Corp.*
203
49,532
Cross
Country
Healthcare,
Inc.*
739
13,501
Enhabit,
Inc.*
1,121
10,089
Ensign
Group,
Inc.
(The)
1,262
157,649
Fulgent
Genetics,
Inc.*
451
10,175
ModivCare,
Inc.*
276
7,739
National
HealthCare
Corp.
302
29,795
NeoGenomics,
Inc.*
2,850
44,460
Owens
&
Minor,
Inc.*
1,711
41,629
Patterson
Cos.,
Inc.
1,903
51,552
Pediatrix
Medical
Group,
Inc.*
1,852
16,946
Premier,
Inc.,
Class
a
A
2,676
55,821
Privia
Health
Group,
Inc.*
2,297
51,269
RadNet,
Inc.*
1,351
51,149
Select
Medical
Holdings
Corp.
2,351
64,018
US
Physical
Therapy,
Inc.
335
35,600
840,271
Health
Care
REITs
—
0.3%
CareTrust
REIT,
Inc.,
REIT
2,663
60,077
Community
Healthcare
Trust,
Inc.,
REIT
567
15,388
LTC
Properties,
Inc.,
REIT
926
29,132
Investments
Shares
Value
Common
Stocks
(continued)
Universal
Health
Realty
Income
Trust,
REIT
284
$
11,014
115,611
Health
Care
Technology
—
0.3%
Certara,
Inc.*
2,395
40,428
HealthStream,
Inc.
535
14,595
Schrodinger,
Inc.*
1,223
31,138
Simulations
Plus,
Inc.
357
14,815
Veradigm,
Inc.*
2,443
14,633
115,609
Hotel
&
Resort
REITs
—
0.9%
Apple
Hospitality
REIT,
Inc.,
REIT
4,758
76,556
Chatham
Lodging
Trust,
REIT
1,092
11,138
DiamondRock
Hospitality
Co.,
REIT
4,687
44,058
Pebblebrook
Hotel
Trust,
REIT
2,694
42,673
Service
Properties
Trust,
REIT
3,707
25,208
Summit
Hotel
Properties,
Inc.,
REIT
2,405
15,440
Sunstone
Hotel
Investors,
Inc.,
REIT
4,594
51,407
Xenia
Hotels
&
Resorts,
Inc.,
REIT
2,370
36,356
302,836
Hotels,
Restaurants
&
Leisure
—
1.6%
BJ's
Restaurants,
Inc.*
520
18,211
Bloomin'
Brands,
Inc.
1,941
52,756
Brinker
International,
Inc.*
988
45,784
Cheesecake
Factory,
Inc.
(The)
1,044
36,937
Chuy's
Holdings,
Inc.*
388
13,126
Cracker
Barrel
Old
Country
Store,
Inc.(b)
495
32,734
Dave
&
Buster's
Entertainment,
Inc.*
768
47,416
Dine
Brands
Global,
Inc.
348
16,882
Golden
Entertainment,
Inc.
480
17,789
Jack
in
the
Box,
Inc.
450
32,850
Monarch
Casino
&
Resort,
Inc.
298
20,964
Papa
John's
International,
Inc.
732
52,624
Sabre
Corp.*
8,485
22,485
Shake
Shack,
Inc.,
Class
a
A*
838
89,096
Six
Flags
Entertainment
Corp.*
1,606
40,696
540,350
Household
Durables
—
2.8%
Cavco
Industries,
Inc.*
173
64,455
Century
Communities,
Inc.
632
54,535
Ethan
Allen
Interiors,
Inc.
511
17,083
Green
Brick
Partners,
Inc.*
568
33,228
Installed
Building
Products,
Inc.
527
125,916
iRobot
Corp.*(b)
623
7,108
La-Z-Boy,
Inc.
963
36,584
LGI
Homes,
Inc.*
458
52,253
M/I
Homes,
Inc.*
623
79,115
MDC
Holdings,
Inc.
1,336
83,767
Meritage
Homes
Corp.
822
129,597
ULTRA
SMALLCAP600
::
FEBRUARY
29,
2024
(UNAUDITED)
SUMMARY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
96
SAA
::
Investments
Shares
Value
Common
Stocks
(continued)
Newell
Brands,
Inc.
8,521
$
63,907
Sonos,
Inc.*
2,868
54,377
Tri
Pointe
Homes,
Inc.*
2,170
76,775
Worthington
Enterprises,
Inc.
681
42,304
921,004
Household
Products
—
0.5%
Central
Garden
&
Pet
Co.*
213
9,344
Central
Garden
&
Pet
Co.,
Class
a
A*
1,196
45,077
Energizer
Holdings,
Inc.
1,487
42,454
WD-40
Co.
303
81,322
178,197
Independent
Power
and
Renewable
Electricity
Producers
—
0.2%
Clearway
Energy,
Inc.,
Class
a
A
774
15,681
Clearway
Energy,
Inc.,
Class
a
C
1,842
40,156
55,837
Industrial
REITs
—
0.4%
Innovative
Industrial
Properties,
Inc.,
REIT
627
61,440
LXP
Industrial
Trust,
REIT
6,547
56,697
118,137
Insurance
—
2.1%
Ambac
Financial
Group,
Inc.*
1,011
16,540
American
Equity
Investment
Life
Holding
Co.*
1,396
77,534
AMERISAFE,
Inc.
429
22,634
Assured
Guaranty
Ltd.
1,215
111,294
Employers
Holdings,
Inc.
575
26,283
Genworth
Financial,
Inc.,
Class
a
A*
10,084
62,017
Goosehead
Insurance,
Inc.,
Class
a
A*
547
41,381
HCI
Group,
Inc.
134
13,081
Horace
Mann
Educators
Corp.
913
33,042
Lincoln
National
Corp.
3,794
104,487
Mercury
General
Corp.
594
28,922
Palomar
Holdings,
Inc.*
553
42,105
ProAssurance
Corp.
1,140
14,056
Safety
Insurance
Group,
Inc.
331
27,195
SiriusPoint
Ltd.*
2,023
24,822
Stewart
Information
Services
Corp.
612
38,544
Trupanion,
Inc.*(b)
799
21,373
United
Fire
Group,
Inc.
474
11,039
716,349
Interactive
Media
&
Services
—
0.7%
Cargurus,
Inc.,
Class
a
A*
1,916
42,420
Cars.com,
Inc.*
1,377
25,254
QuinStreet,
Inc.*
1,159
16,956
Shutterstock,
Inc.
535
26,087
TripAdvisor,
Inc.*
2,417
64,824
Yelp,
Inc.,
Class
a
A*
1,531
58,852
234,393
Investments
Shares
Value
Common
Stocks
(continued)
IT
Services
—
0.4%
DXC
Technology
Co.*
4,330
$
94,654
Perficient,
Inc.*
777
50,404
145,058
Leisure
Products
—
0.3%
Sturm
Ruger
&
Co.,
Inc.
396
17,155
Topgolf
Callaway
Brands
Corp.*
3,177
45,240
Vista
Outdoor,
Inc.*
1,298
40,498
102,893
Life
Sciences
Tools
&
Services
—
0.3%
BioLife
Solutions,
Inc.*
778
13,148
Cytek
Biosciences,
Inc.*
2,212
17,032
Fortrea
Holdings,
Inc.*
1,986
74,555
Mesa
Laboratories,
Inc.
115
12,557
117,292
Machinery
—
3.8%
3D
Systems
Corp.*
2,984
12,354
Alamo
Group,
Inc.
231
46,729
Albany
International
Corp.,
Class
a
A
698
65,521
Astec
Industries,
Inc.
508
20,625
Barnes
Group,
Inc.
1,133
39,587
Enerpac
Tool
Group
Corp.,
Class
a
A
1,215
40,958
Enpro,
Inc.
467
72,768
ESCO
Technologies,
Inc.
577
58,791
Federal
Signal
Corp.
1,362
111,561
Franklin
Electric
Co.,
Inc.
887
92,212
Greenbrier
Cos.,
Inc.
(The)
695
35,966
Hillenbrand,
Inc.
1,563
74,321
John
Bean
Technologies
Corp.
712
72,254
Kennametal,
Inc.
1,780
44,927
Lindsay
Corp.
246
29,350
Mueller
Industries,
Inc.
2,538
130,402
Proto
Labs,
Inc.*
577
21,020
SPX
Technologies,
Inc.*
1,021
119,651
Standex
International
Corp.
266
46,018
Tennant
Co.
418
47,313
Titan
International,
Inc.*
1,131
14,432
Trinity
Industries,
Inc.
1,831
46,471
Wabash
National
Corp.
1,031
28,126
1,271,357
Marine
Transportation
—
0.3%
Matson,
Inc.
781
86,730
Media
—
0.4%
AMC
Networks,
Inc.,
Class
a
A*
681
8,812
EchoStar
Corp.,
Class
a
A*
2,693
35,305
EW
Scripps
Co.
(The),
Class
a
A*
1,316
5,303
John
Wiley
&
Sons,
Inc.,
Class
a
A
950
31,683
Scholastic
Corp.
611
24,098
TechTarget,
Inc.*
578
18,328
Thryv
Holdings,
Inc.*
692
14,491
138,020
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
SMALLCAP600
SUMMARY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
97
SAA
::
Investments
Shares
Value
Common
Stocks
(continued)
Metals
&
Mining
—
1.8%
Alpha
Metallurgical
Resources,
Inc.
264
$
99,594
ATI,
Inc.*
2,853
140,311
Carpenter
Technology
Corp.
1,102
71,244
Century
Aluminum
Co.*
1,157
12,114
Compass
Minerals
International,
Inc.
755
17,214
Haynes
International,
Inc.
285
16,938
Kaiser
Aluminum
Corp.
358
25,962
Materion
Corp.
461
61,922
Metallus,
Inc.*
859
18,683
Olympic
Steel,
Inc.
219
14,896
SunCoke
Energy,
Inc.
1,873
20,060
Warrior
Met
Coal,
Inc.
1,163
66,256
Worthington
Steel,
Inc.*
681
21,560
586,754
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
1.3%
Apollo
Commercial
Real
Estate
Finance,
Inc.
2,908
32,599
Arbor
Realty
Trust,
Inc.(b)
4,215
56,481
ARMOUR
Residential
REIT,
Inc.
(b)
1,096
21,701
Blackstone
Mortgage
Trust,
Inc.,
Class
a
A(b)
3,853
78,485
Ellington
Financial,
Inc.(b)
1,755
19,884
Franklin
BSP
Realty
Trust,
Inc.
1,835
23,690
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc.
2,486
62,573
KKR
Real
Estate
Finance
Trust,
Inc.
1,302
12,694
New
York
Mortgage
Trust,
Inc.
2,028
14,622
PennyMac
Mortgage
Investment
Trust
1,940
27,412
Ready
Capital
Corp.
3,541
31,267
Redwood
Trust,
Inc.
2,653
16,263
Two
Harbors
Investment
Corp.
2,151
27,253
424,924
Multi-Utilities
—
0.2%
Avista
Corp.
1,730
57,436
Unitil
Corp.
360
18,346
75,782
Office
REITs
—
0.8%
Brandywine
Realty
Trust,
REIT
3,848
16,547
Douglas
Emmett,
Inc.,
REIT
3,728
49,284
Easterly
Government
Properties,
Inc.,
Class
a
A,
REIT
2,129
25,122
Highwoods
Properties,
Inc.,
REIT
2,363
57,776
Hudson
Pacific
Properties,
Inc.,
REIT
2,836
17,980
JBG
SMITH
Properties,
REIT
1,947
32,281
SL
Green
Realty
Corp.,
REIT(b)
1,440
69,811
268,801
Investments
Shares
Value
Common
Stocks
(continued)
Oil,
Gas
&
Consumable
Fuels
—
2.0%
California
Resources
Corp.
1,442
$
75,229
Callon
Petroleum
Co.*
1,243
38,732
Comstock
Resources,
Inc.
2,054
17,562
CONSOL
Energy,
Inc.
623
53,466
CVR
Energy,
Inc.
652
21,633
Dorian
LPG
Ltd.
763
27,582
Green
Plains,
Inc.*
1,436
30,587
Northern
Oil
&
Gas,
Inc.
2,045
73,068
Par
Pacific
Holdings,
Inc.*
1,245
44,969
Peabody
Energy
Corp.
2,462
60,984
REX
American
Resources
Corp.*
341
14,997
SM
Energy
Co.
2,601
113,846
Talos
Energy,
Inc.*
2,928
38,620
Vital
Energy,
Inc.*
554
27,883
World
Kinect
Corp.
1,346
32,789
671,947
Paper
&
Forest
Products
—
0.2%
Clearwater
Paper
Corp.*
370
14,537
Mercer
International,
Inc.
982
9,015
Sylvamo
Corp.
790
47,724
71,276
Passenger
Airlines
—
0.8%
Alaska
Air
Group,
Inc.*
2,863
107,048
Allegiant
Travel
Co.
337
24,527
JetBlue
Airways
Corp.*
7,452
48,289
SkyWest,
Inc.*
916
58,825
Sun
Country
Airlines
Holdings,
Inc.*
872
13,080
251,769
Personal
Care
Products
—
0.4%
Edgewell
Personal
Care
Co.
1,136
43,384
Inter
Parfums,
Inc.
400
58,688
Medifast,
Inc.
244
9,782
Nu
Skin
Enterprises,
Inc.,
Class
a
A
1,105
13,813
USANA
Health
Sciences,
Inc.*
248
11,968
137,635
Pharmaceuticals
—
1.4%
Amphastar
Pharmaceuticals,
Inc.*
836
38,933
ANI
Pharmaceuticals,
Inc.*
337
22,805
Collegium
Pharmaceutical,
Inc.*
729
26,762
Corcept
Therapeutics,
Inc.*
2,018
47,423
Harmony
Biosciences
Holdings,
Inc.*
733
23,529
Innoviva,
Inc.*
1,261
19,268
Ligand
Pharmaceuticals,
Inc.*
366
29,042
Organon
&
Co.
5,715
99,498
Pacira
BioSciences,
Inc.*
1,038
30,849
Phibro
Animal
Health
Corp.,
Class
a
A
455
5,883
Prestige
Consumer
Healthcare,
Inc.*
1,109
77,164
ULTRA
SMALLCAP600
::
FEBRUARY
29,
2024
(UNAUDITED)
SUMMARY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
98
SAA
::
Investments
Shares
Value
Common
Stocks
(continued)
Supernus
Pharmaceuticals,
Inc.*
1,222
$
36,294
457,450
Professional
Services
—
0.8%
CSG
Systems
International,
Inc.
635
34,646
Forrester
Research,
Inc.*
258
5,204
Heidrick
&
Struggles
International,
Inc.
450
15,300
Kelly
Services,
Inc.,
Class
a
A
716
17,563
Korn
Ferry
1,178
74,991
NV5
Global,
Inc.*
284
28,886
Resources
Connection,
Inc.
716
9,902
TrueBlue,
Inc.*
696
8,178
TTEC
Holdings,
Inc.
424
7,399
Verra
Mobility
Corp.,
Class
a
A*
3,719
80,405
282,474
Real
Estate
Management
&
Development
—
0.5%
Anywhere
Real
Estate,
Inc.*
2,471
15,493
Cushman
&
Wakefield
plc*
3,760
37,562
eXp
World
Holdings,
Inc.(b)
1,719
22,519
Kennedy-Wilson
Holdings,
Inc.
2,649
23,258
Marcus
&
Millichap,
Inc.
532
19,519
St
Joe
Co.
(The)
796
42,881
161,232
Residential
REITs
—
0.3%
Centerspace,
REIT
337
18,734
Elme
Communities,
REIT
1,964
25,296
NexPoint
Residential
Trust,
Inc.,
REIT
511
14,926
Veris
Residential,
Inc.,
REIT
1,793
26,178
85,134
Retail
REITs
—
1.4%
Acadia
Realty
Trust,
REIT
2,132
34,943
Getty
Realty
Corp.,
REIT
1,072
28,258
Macerich
Co.
(The),
REIT
4,817
79,047
Phillips
Edison
&
Co.,
Inc.,
REIT
2,674
95,515
Retail
Opportunity
Investments
Corp.,
REIT
2,817
36,424
Saul
Centers,
Inc.,
REIT
289
10,459
SITE
Centers
Corp.,
REIT
4,025
54,660
Tanger,
Inc.,
REIT
2,356
67,876
Urban
Edge
Properties,
REIT
2,630
44,736
Whitestone
REIT,
REIT
1,053
12,973
464,891
Semiconductors
&
Semiconductor
Equipment
—
2.2%
Alpha
&
Omega
Semiconductor
Ltd.*
503
11,016
Axcelis
Technologies,
Inc.*
732
82,474
CEVA,
Inc.*
527
11,931
Cohu,
Inc.*
1,062
34,122
Diodes,
Inc.*
1,027
69,815
FormFactor,
Inc.*
1,741
74,915
Ichor
Holdings
Ltd.*
657
28,120
Kulicke
&
Soffa
Industries,
Inc.
1,263
60,144
MaxLinear,
Inc.,
Class
a
A*
1,660
32,270
Investments
Shares
Value
Common
Stocks
(continued)
PDF
Solutions,
Inc.*
684
$
23,249
Photronics,
Inc.*
1,399
40,277
Semtech
Corp.*
1,435
30,422
SiTime
Corp.*
387
35,798
SMART
Global
Holdings,
Inc.*
1,161
24,695
SolarEdge
Technologies,
Inc.*
1,270
85,306
Ultra
Clean
Holdings,
Inc.*
1,002
43,286
Veeco
Instruments,
Inc.*
1,260
45,625
733,465
Software
—
2.5%
A10
Networks,
Inc.
1,558
20,737
ACI
Worldwide,
Inc.*
2,431
80,004
Adeia,
Inc.
2,396
27,171
Agilysys,
Inc.*
454
35,321
Alarm.com
Holdings,
Inc.*
1,118
84,622
Cerence,
Inc.*
902
13,440
Consensus
Cloud
Solutions,
Inc.*
398
6,336
Digital
Turbine,
Inc.*
2,039
6,464
DoubleVerify
Holdings,
Inc.*
3,117
96,284
Envestnet,
Inc.*
1,112
57,301
InterDigital,
Inc.
575
61,537
LiveRamp
Holdings,
Inc.*
1,465
51,246
N-able,
Inc.*
1,554
20,932
NCR
Voyix
Corp.*
2,999
43,815
Progress
Software
Corp.
974
51,973
SPS
Commerce,
Inc.*
821
152,016
Xperi,
Inc.*
972
10,653
819,852
Specialized
REITs
—
0.4%
Four
Corners
Property
Trust,
Inc.,
REIT
2,025
48,964
Outfront
Media,
Inc.,
REIT
3,248
46,674
Safehold,
Inc.,
REIT
1,001
20,140
Uniti
Group,
Inc.,
REIT
5,337
31,275
147,053
Specialty
Retail
—
4.0%
Abercrombie
&
Fitch
Co.,
Class
a
A*
1,126
143,858
Academy
Sports
&
Outdoors,
Inc.
1,667
124,558
Advance
Auto
Parts,
Inc.
1,330
89,828
American
Eagle
Outfitters,
Inc.
4,151
98,586
America's
Car-Mart,
Inc.*
130
8,754
Asbury
Automotive
Group,
Inc.*
460
96,062
Boot
Barn
Holdings,
Inc.*
677
62,622
Buckle,
Inc.
(The)
666
27,266
Caleres,
Inc.
747
28,842
Designer
Brands,
Inc.,
Class
a
A
980
10,349
Foot
Locker,
Inc.
1,832
63,076
Group
1
Automotive,
Inc.
309
83,631
Guess?,
Inc.
611
15,507
Haverty
Furniture
Cos.,
Inc.
298
10,221
Hibbett,
Inc.
277
22,700
Leslie's,
Inc.*
4,114
32,501
MarineMax,
Inc.*
446
14,807
Monro,
Inc.
703
23,600
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
SMALLCAP600
SUMMARY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
99
SAA
::
Investments
Shares
Value
Common
Stocks
(continued)
National
Vision
Holdings,
Inc.*
1,750
$
40,950
ODP
Corp.
(The)*
744
42,021
Sally
Beauty
Holdings,
Inc.*
2,410
30,438
Shoe
Carnival,
Inc.
404
13,239
Signet
Jewelers
Ltd.
1,004
102,167
Sonic
Automotive,
Inc.,
Class
a
A
332
17,430
Upbound
Group,
Inc.
996
33,625
Urban
Outfitters,
Inc.*
1,265
52,561
Victoria's
Secret
&
Co.*
1,728
49,352
1,338,551
Technology
Hardware,
Storage
&
Peripherals
—
0.2%
Corsair
Gaming,
Inc.*
967
12,523
Xerox
Holdings
Corp.
2,528
47,147
59,670
Textiles,
Apparel
&
Luxury
Goods
—
0.8%
G-III
Apparel
Group
Ltd.*
910
30,276
Hanesbrands,
Inc.*
7,827
42,266
Kontoor
Brands,
Inc.
1,118
66,085
Movado
Group,
Inc.
350
10,048
Oxford
Industries,
Inc.
328
33,256
Steven
Madden
Ltd.
1,568
67,142
Wolverine
World
Wide,
Inc.
1,778
18,082
267,155
Tobacco
—
0.2%
Universal
Corp.
549
26,358
Vector
Group
Ltd.
2,964
33,078
59,436
Trading
Companies
&
Distributors
—
1.4%
Applied
Industrial
Technologies,
Inc.
867
164,635
Boise
Cascade
Co.
885
120,280
DNOW,
Inc.*
2,378
33,649
DXP
Enterprises,
Inc.*
297
10,549
GMS,
Inc.*
908
81,093
Rush
Enterprises,
Inc.,
Class
a
A
1,377
67,060
477,266
Water
Utilities
—
0.5%
American
States
Water
Co.
827
59,056
California
Water
Service
Group
1,290
59,198
Middlesex
Water
Co.
398
20,254
SJW
Group
650
35,789
174,297
Wireless
Telecommunication
Services
—
0.1%
Gogo,
Inc.*
1,383
11,285
Telephone
and
Data
Systems,
Inc.
2,204
33,721
45,006
Total
Common
Stocks
(Cost
$24,512,224)
25,384,214
Investments
Shares
Value
Securities
Lending
Reinvestments
(c)
—
0
.7
%
Investment
Companies
—
0
.7
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
5.25%
(d)
(Cost
$239,034)
239,034
$
239,034
Principal
Amount
Short-Term
Investments
—
18
.1
%
Repurchase
Agreements
(e)
—
18
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$6,025,164
(Cost
$6,024,278)
$
6,024,278
6,024,278
Total
Investments
—
95.1%
(Cost
$30,775,536)
31,647,526
Other
assets
less
liabilities
—
4.9%
1,633,003
Net
Assets
—
100.0%
$
33,280,529
*
Non-income
producing
security.
(a)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
29,
2024.
The
total
value
of
securities
on
loan
at
February
29,
2024
was
$284,014,
collateralized
in
the
form
of
cash
with
a
value
of
$239,034
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$48,915
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.25%,
and
maturity
dates
ranging
from
April
15,
2024
–
August
15,
2049.
The
total
value
of
collateral
is
$287,949.
(c)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
29,
2024.
The
total
value
of
securities
purchased
was
$239,034.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
29,
2024.
(e)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
ULTRA
SMALLCAP600
::
FEBRUARY
29,
2024
(UNAUDITED)
SUMMARY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
100
SAA
::
Swap
Agreements
Ultra
SmallCap600
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
9,486,554
2/11/2025
Bank
of
America
NA
5.88%
S&P
SmallCap
600
®
208,788
9,307,759
3/6/2024
Citibank
NA
5.68%
S&P
SmallCap
600
®
269,248
7,369,730
3/6/2024
Morgan
Stanley
&
Co.
International
plc
5.93%
S&P
SmallCap
600
®
349,868
6,114,253
4/8/2024
Societe
Generale
5.98%
S&P
SmallCap
600
®
190,620
8,900,578
11/7/2024
UBS
AG
5.63%
S&P
SmallCap
600
®
96,480
41,178,874
1,115,004
Total
Unrealized
Appreciation
1,115,004
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
TECHNOLOGY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
101
ROM
::
Investments
Shares
Value
Common
Stocks
(a)
—
70.9%
Communications
Equipment
—
2.5%
Arista
Networks,
Inc.*
12,381
$
3,436,223
Cisco
Systems,
Inc.
198,979
9,624,614
F5,
Inc.*
2,930
548,555
Juniper
Networks,
Inc.
15,667
580,149
Motorola
Solutions,
Inc.
8,154
2,694,000
16,883,541
Electronic
Equipment,
Instruments
&
Components
—
1.9%
Amphenol
Corp.,
Class
a
A
29,394
3,211,001
CDW
Corp.
6,582
1,620,554
Corning,
Inc.
37,717
1,215,996
Jabil,
Inc.
6,283
905,317
Keysight
Technologies,
Inc.*
8,721
1,345,650
TE
Connectivity
Ltd.
15,266
2,191,587
Teledyne
Technologies,
Inc.*
2,317
989,985
Trimble,
Inc.*
12,221
747,803
Zebra
Technologies
Corp.,
Class
a
A
*
2,524
705,408
12,933,301
IT
Services
—
3.8%
Accenture
plc,
Class
a
A
30,832
11,555,217
Akamai
Technologies,
Inc.*
7,411
822,028
Cognizant
Technology
Solutions
Corp.,
Class
a
A
24,635
1,946,658
EPAM
Systems,
Inc.*
2,830
861,452
Gartner,
Inc.*
3,827
1,781,698
International
Business
Machines
Corp.
44,860
8,300,446
VeriSign,
Inc.*
4,367
852,831
26,120,330
Semiconductors
&
Semiconductor
Equipment
—
20.6%
Advanced
Micro
Devices,
Inc.*
79,369
15,280,983
Analog
Devices,
Inc.
24,481
4,695,945
Applied
Materials,
Inc.
41,092
8,284,969
Broadcom,
Inc.
20,823
27,080,103
Enphase
Energy,
Inc.*
6,710
852,237
First
Solar,
Inc.*
5,253
808,384
Intel
Corp.
207,107
8,915,956
KLA
Corp.
6,680
4,557,764
Lam
Research
Corp.
6,474
6,074,230
Microchip
Technology,
Inc.
26,577
2,236,189
Micron
Technology,
Inc.
53,937
4,887,232
Monolithic
Power
Systems,
Inc.
2,353
1,694,254
NVIDIA
Corp.
41,396
32,749,204
NXP
Semiconductors
NV
12,660
3,161,582
ON
Semiconductor
Corp.*
21,159
1,669,868
Qorvo,
Inc.*
4,781
547,664
QUALCOMM,
Inc.
54,672
8,626,695
Skyworks
Solutions,
Inc.
7,827
821,209
Teradyne,
Inc.
7,512
778,168
Texas
Instruments,
Inc.
44,616
7,465,595
141,188,231
Software
—
27.8%
Adobe,
Inc.*
22,363
12,529,542
Investments
Shares
Value
Common
Stocks
(a)
(continued)
ANSYS,
Inc.*
4,266
$
1,425,569
Autodesk,
Inc.*
10,501
2,711,043
Cadence
Design
Systems,
Inc.*
13,361
4,066,821
Fair
Isaac
Corp.*
1,210
1,536,591
Fortinet,
Inc.*
31,308
2,163,696
Gen
Digital,
Inc.
27,699
595,252
Intuit,
Inc.
13,768
9,126,670
Microsoft
Corp.
268,577
111,094,190
Oracle
Corp.
78,046
8,716,177
Palo
Alto
Networks,
Inc.*
15,268
4,741,478
PTC,
Inc.*
5,839
1,068,595
Roper
Technologies,
Inc.
5,251
2,860,377
Salesforce,
Inc.*
47,798
14,760,978
ServiceNow,
Inc.*
10,074
7,770,479
Synopsys,
Inc.*
7,473
4,287,484
Tyler
Technologies,
Inc.*
2,063
901,820
190,356,762
Technology
Hardware,
Storage
&
Peripherals
—
14.3%
Apple,
Inc.
513,563
92,826,512
Hewlett
Packard
Enterprise
Co.
63,019
959,779
HP,
Inc.
42,721
1,210,286
NetApp,
Inc.
10,254
913,837
Seagate
Technology
Holdings
plc
9,555
889,093
Western
Digital
Corp.*
15,926
947,119
97,746,626
Total
Common
Stocks
(Cost
$384,145,996)
485,228,791
Principal
Amount
Short-Term
Investments
—
11.0%
Repurchase
Agreements
(b)
—
2.4%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$16,589,702
(Cost
$16,587,261)
$
16,587,261
16,587,261
U.S.
Treasury
Obligations
(a)
—
8.6%
U.S.
Treasury
Bills
5.24%,
8/8/2024
(c)
(Cost
$58,634,711)
60,000,000
58,632,934
Total
Short-Term
Investments
(Cost
$75,221,972)
75,220,195
Total
Investments
—
81.9%
(Cost
$459,367,968)
560,448,986
Other
assets
less
liabilities
—
18.1%
123,713,548
Net
Assets
—
100.0%
$
684,162,534
ULTRA
TECHNOLOGY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
102
ROM
::
*
Non-income
producing
security.
(a)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$87,079,275.
(b)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Swap
Agreements
Ultra
Technology
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
64,974,196
5/6/2025
Bank
of
America
NA
5.93%
S&P
Technology
Select
Sector
Index
c
11,965,220
146,781,279
3/6/2025
BNP
Paribas
SA
6.03%
S&P
Technology
Select
Sector
Index
c
16,419,534
20,799,329
4/7/2025
Citibank
NA
5.78%
S&P
Technology
Select
Sector
Index
c
8,816,727
50,213,112
3/6/2025
Goldman
Sachs
International
5.93%
S&P
Technology
Select
Sector
Index
c
9,818,296
345,647,380
4/7/2025
J.P.
Morgan
Securities
5.73%
S&P
Technology
Select
Sector
Index
c
25,659,938
100,913,953
3/6/2025
Societe
Generale
6.08%
S&P
Technology
Select
Sector
Index
c
32,978,373
153,734,537
5/6/2025
UBS
AG
5.78%
S&P
Technology
Select
Sector
Index
c
14,972,002
883,063,786
120,630,090
Total
Unrealized
Appreciation
120,630,090
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRA
UTILITIES
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
103
UPW
::
Investments
Shares
Value
Common
Stocks
—
81
.5
%
Electric
Utilities
—
54.2%
Alliant
Energy
Corp.
2,338
$
111,639
American
Electric
Power
Co.,
Inc.
4,817
410,360
Constellation
Energy
Corp.
2,926
492,885
Duke
Energy
Corp.
7,060
648,320
Edison
International
3,511
238,818
Entergy
Corp.
1,937
196,741
Evergy,
Inc.
2,104
104,232
Eversource
Energy
3,200
187,840
Exelon
Corp.
9,119
326,825
FirstEnergy
Corp.
4,731
173,202
NextEra
Energy,
Inc.
18,795
1,037,296
NRG
Energy,
Inc.
2,068
114,402
PG&E
Corp.
19,544
326,189
Pinnacle
West
Capital
Corp.
1,039
70,995
PPL
Corp.
6,753
178,077
Southern
Co.
(The)
9,991
671,895
Xcel
Energy,
Inc.
5,055
266,348
5,556,064
Gas
Utilities
—
1.5%
Atmos
Energy
Corp.
1,360
153,558
Independent
Power
and
Renewable
Electricity
Producers
—
0.9%
AES
Corp.
(The)
6,134
93,237
Multi-Utilities
—
22.9%
Ameren
Corp.
2,409
171,497
CenterPoint
Energy,
Inc.
5,782
159,005
CMS
Energy
Corp.
2,673
153,350
Consolidated
Edison,
Inc.
3,162
275,758
Dominion
Energy,
Inc.
7,666
366,665
Investments
Shares
Value
Common
Stocks
(continued)
DTE
Energy
Co.
1,889
$
204,673
NiSource,
Inc.
3,786
98,663
Public
Service
Enterprise
Group,
Inc.
4,565
284,856
Sempra
5,765
407,009
WEC
Energy
Group,
Inc.
2,890
226,836
2,348,312
Water
Utilities
—
2.0%
American
Water
Works
Co.,
Inc.
1,784
211,475
Total
Common
Stocks
(Cost
$9,150,687)
8,362,646
Principal
Amount
Short-Term
Investments
—
4
.3
%
Repurchase
Agreements
(a)
—
4
.3
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$441,451
(Cost
$441,386)
$
441,386
441,386
Total
Investments
—
85.8%
(Cost
$9,592,073)
8,804,032
Other
assets
less
liabilities
—
14.2%
1,454,161
Net
Assets
—
100.0%
$
10,258,193
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
Ultra
Utilities
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
6,099,681
3/6/2025
Bank
of
America
NA
5.53%
S&P
Utilities
Select
Sector
Index
c
(
798,849
)
1,118,358
3/6/2025
Goldman
Sachs
International
5.93%
S&P
Utilities
Select
Sector
Index
c
(
147,195
)
3,455,777
3/6/2025
Societe
Generale
6.08%
S&P
Utilities
Select
Sector
Index
c
(
399,956
)
1,508,032
3/6/2025
UBS
AG
5.68%
S&P
Utilities
Select
Sector
Index
c
(
502,008
)
12,181,848
(
1,848,008
)
Total
Unrealized
Depreciation
(
1,848,008
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
ULTRAPRO
DOW30
~
SM
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
104
UDOW
::
Investments
Shares
Value
Common
Stocks
—
60
.5
%
Aerospace
&
Defense
—
2.1%
Boeing
Co.
(The)*
61,814
$
12,592,748
Banks
—
1.9%
JPMorgan
Chase
&
Co.
61,814
11,501,113
Beverages
—
0.6%
Coca-Cola
Co.
(The)
61,814
3,710,076
Biotechnology
—
2.8%
Amgen,
Inc.
61,814
16,926,528
Broadline
Retail
—
1.8%
Amazon.com,
Inc.*
61,814
10,926,243
Capital
Markets
—
4.0%
Goldman
Sachs
Group,
Inc.
(The)
61,814
24,048,737
Chemicals
—
0.6%
Dow,
Inc.
61,814
3,454,166
Communications
Equipment
—
0.5%
Cisco
Systems,
Inc.
61,814
2,989,943
Consumer
Finance
—
2.2%
American
Express
Co.
61,814
13,563,228
Consumer
Staples
Distribution
&
Retail
—
0.6%
Walmart,
Inc.
61,815
3,622,977
Diversified
Telecommunication
Services
—
0.4%
Verizon
Communications,
Inc.
61,814
2,473,796
Entertainment
—
1.1%
Walt
Disney
Co.
(The)
61,814
6,897,206
Financial
Services
—
2.9%
Visa,
Inc.,
Class
a
A
61,814
17,471,109
Health
Care
Providers
&
Services
—
5.0%
UnitedHealth
Group,
Inc.
61,814
30,511,390
Hotels,
Restaurants
&
Leisure
—
3.0%
McDonald's
Corp.
61,814
18,066,996
Household
Products
—
1.6%
Procter
&
Gamble
Co.
(The)
61,814
9,824,717
Investments
Shares
Value
Common
Stocks
(continued)
Industrial
Conglomerates
—
3.0%
3M
Co.
61,814
$
5,694,306
Honeywell
International,
Inc.
61,814
12,284,296
17,978,602
Insurance
—
2.2%
Travelers
Cos.,
Inc.
(The)
61,814
13,658,422
IT
Services
—
1.9%
International
Business
Machines
Corp.
61,814
11,437,444
Machinery
—
3.4%
Caterpillar,
Inc.
61,814
20,643,403
Oil,
Gas
&
Consumable
Fuels
—
1.5%
Chevron
Corp.
61,814
9,396,346
Pharmaceuticals
—
2.9%
Johnson
&
Johnson
61,814
9,975,543
Merck
&
Co.,
Inc.
61,814
7,859,650
17,835,193
Semiconductors
&
Semiconductor
Equipment
—
0.4%
Intel
Corp.
61,814
2,661,093
Software
—
7.3%
Microsoft
Corp.
61,814
25,568,743
Salesforce,
Inc.*
61,814
19,089,399
44,658,142
Specialty
Retail
—
3.9%
Home
Depot,
Inc.
(The)
61,814
23,527,027
Technology
Hardware,
Storage
&
Peripherals
—
1.8%
Apple,
Inc.
61,814
11,172,881
Textiles,
Apparel
&
Luxury
Goods
—
1.1%
NIKE,
Inc.,
Class
a
B
61,814
6,424,329
Total
Common
Stocks
(Cost
$356,840,853)
367,973,855
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
DOW30
~
SM
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
105
UDOW
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
5
.0
%
Repurchase
Agreements
(a)
—
5
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$30,116,229
(Cost
$30,111,798)
$
30,111,798
$
30,111,798
Total
Investments
—
65.5%
(Cost
$386,952,651)
398,085,653
Other
assets
less
liabilities
—
34.5%
209,621,533
Net
Assets
—
100.0%
$
607,707,186
*
Non-income
producing
security.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Purchased
UltraPro
Dow30
SM
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
DJIA
CBOT
E-Mini
Index
94
3/15/2024
U.S.
Dollar
$
18,350,210
$
1,175,162
Swap
Agreements
UltraPro
Dow30
SM
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
229,883,719
2/11/2025
Bank
of
America
NA
5.98%
Dow
Jones
Industrial
Average
SM
23,181,873
109,813,834
11/6/2025
Barclays
Capital
5.93%
Dow
Jones
Industrial
Average
SM
18,433,182
238,462,925
5/6/2025
BNP
Paribas
SA
5.93%
Dow
Jones
Industrial
Average
SM
6,480,381
218,925,734
5/6/2025
Citibank
NA
5.93%
Dow
Jones
Industrial
Average
SM
4,516,029
187,221,668
11/6/2025
Morgan
Stanley
&
Co.
International
plc
5.88%
Dow
Jones
Industrial
Average
SM
21,818,505
226,179,062
3/6/2025
Societe
Generale
5.93%
Dow
Jones
Industrial
Average
SM
29,700,688
226,023,076
5/6/2025
UBS
AG
5.48%
Dow
Jones
Industrial
Average
SM
5,033,293
1,436,510,018
109,163,951
Total
Unrealized
Appreciation
109,163,951
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRAPRO
MIDCAP400
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
106
UMDD
::
Investments
Shares
Value
Common
Stocks
—
64
.2
%
Aerospace
&
Defense
—
0.8%
BWX
Technologies,
Inc.
681
$
68,665
Curtiss-Wright
Corp.
285
67,337
Hexcel
Corp.
626
46,612
Woodward,
Inc.
450
63,671
246,285
Air
Freight
&
Logistics
—
0.1%
GXO
Logistics,
Inc.*
886
45,859
Automobile
Components
—
0.9%
Adient
plc*
698
23,690
Autoliv,
Inc.
558
64,745
Fox
Factory
Holding
Corp.*
316
15,986
Gentex
Corp.
1,737
63,453
Goodyear
Tire
&
Rubber
Co.
(The)*
2,112
25,090
Lear
Corp.
434
59,610
Visteon
Corp.*
207
23,416
275,990
Automobiles
—
0.3%
Harley-Davidson,
Inc.
944
34,239
Thor
Industries,
Inc.
397
50,887
85,126
Banks
—
3.2%
Associated
Banc-Corp.
1,107
23,070
Bank
OZK
784
34,339
Cadence
Bank
1,361
37,673
Columbia
Banking
System,
Inc.
1,553
28,109
Commerce
Bancshares,
Inc.
885
46,055
Cullen/Frost
Bankers,
Inc.
477
51,759
East
West
Bancorp,
Inc.
1,050
76,503
First
Financial
Bankshares,
Inc.
(a)
957
29,610
First
Horizon
Corp.
4,162
58,684
FNB
Corp.
2,673
35,658
Glacier
Bancorp,
Inc.
826
30,909
Hancock
Whitney
Corp.
642
27,991
Home
BancShares,
Inc.
1,398
32,797
International
Bancshares
Corp.
398
20,652
New
York
Community
Bancorp,
Inc.
5,381
25,775
Old
National
Bancorp
2,179
35,801
Pinnacle
Financial
Partners,
Inc.
572
47,316
Prosperity
Bancshares,
Inc.
698
43,562
SouthState
Corp.
567
47,651
Synovus
Financial
Corp.
1,089
41,317
Texas
Capital
Bancshares,
Inc.*
358
20,997
UMB
Financial
Corp.
325
26,523
United
Bankshares,
Inc.
1,005
34,863
Valley
National
Bancorp
3,176
26,011
Webster
Financial
Corp.
1,281
61,027
Wintrust
Financial
Corp.
456
43,936
988,588
Investments
Shares
Value
Common
Stocks
(continued)
Beverages
—
0.5%
Boston
Beer
Co.,
Inc.
(The),
Class
a
A*
70
$
21,570
Celsius
Holdings,
Inc.*
1,105
90,190
Coca-Cola
Consolidated,
Inc.
35
29,428
141,188
Biotechnology
—
1.0%
Arrowhead
Pharmaceuticals,
Inc.*
916
29,404
Exelixis,
Inc.*
2,316
50,720
Halozyme
Therapeutics,
Inc.*
984
39,173
Neurocrine
Biosciences,
Inc.*
732
95,453
United
Therapeutics
Corp.*
350
78,974
293,724
Broadline
Retail
—
0.3%
Macy's,
Inc.
2,038
35,543
Nordstrom,
Inc.(a)
723
15,161
Ollie's
Bargain
Outlet
Holdings,
Inc.*
460
36,878
87,582
Building
Products
—
2.3%
Advanced
Drainage
Systems,
Inc.
511
83,416
Carlisle
Cos.,
Inc.
363
127,050
Fortune
Brands
Innovations,
Inc.
939
76,378
Lennox
International,
Inc.
238
112,148
Owens
Corning
662
99,154
Simpson
Manufacturing
Co.,
Inc.
318
66,360
Trex
Co.,
Inc.*
809
74,234
UFP
Industries,
Inc.
460
52,730
691,470
Capital
Markets
—
1.9%
Affiliated
Managers
Group,
Inc.
252
39,390
Carlyle
Group,
Inc.
(The)
1,613
73,956
Evercore,
Inc.,
Class
a
A
258
48,267
Federated
Hermes,
Inc.,
Class
a
B
642
22,618
Houlihan
Lokey,
Inc.,
Class
a
A
384
49,405
Interactive
Brokers
Group,
Inc.,
Class
a
A
797
86,650
Janus
Henderson
Group
plc
987
30,755
Jefferies
Financial
Group,
Inc.
1,254
52,442
Morningstar,
Inc.
194
57,926
SEI
Investments
Co.
745
50,101
Stifel
Financial
Corp.
760
57,654
569,164
Chemicals
—
1.5%
Arcadium
Lithium
plc*
7,651
42,004
Ashland,
Inc.
382
35,771
Avient
Corp.
679
27,486
Axalta
Coating
Systems
Ltd.*
1,639
53,645
Cabot
Corp.
411
34,914
Chemours
Co.
(The)
1,106
21,755
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
MIDCAP400
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
107
UMDD
::
Investments
Shares
Value
Common
Stocks
(continued)
NewMarket
Corp.
51
$
32,725
Olin
Corp.
913
49,119
RPM
International,
Inc.
960
110,736
Scotts
Miracle-Gro
Co.
(The)(a)
310
20,367
Westlake
Corp.
239
33,152
461,674
Commercial
Services
&
Supplies
—
0.8%
Brink's
Co.
(The)
336
27,831
Clean
Harbors,
Inc.*
375
68,287
MSA
Safety,
Inc.
275
50,641
Stericycle,
Inc.*
689
37,475
Tetra
Tech,
Inc.
397
70,396
254,630
Communications
Equipment
—
0.3%
Calix,
Inc.*
437
15,238
Ciena
Corp.*
1,101
62,735
Lumentum
Holdings,
Inc.*(a)
499
24,187
102,160
Construction
&
Engineering
—
1.4%
AECOM
1,033
91,761
Comfort
Systems
USA,
Inc.
266
81,324
EMCOR
Group,
Inc.
350
109,732
Fluor
Corp.*
1,269
46,699
MasTec,
Inc.*
450
33,957
MDU
Resources
Group,
Inc.
1,517
32,889
Valmont
Industries,
Inc.(a)
156
33,061
429,423
Construction
Materials
—
0.3%
Eagle
Materials,
Inc.
260
65,923
Knife
River
Corp.*
421
31,192
97,115
Consumer
Finance
—
0.5%
Ally
Financial,
Inc.
2,022
74,794
FirstCash
Holdings,
Inc.
275
31,487
SLM
Corp.
1,685
35,099
141,380
Consumer
Staples
Distribution
&
Retail
—
1.3%
BJ's
Wholesale
Club
Holdings,
Inc.*
996
72,748
Casey's
General
Stores,
Inc.
278
84,648
Grocery
Outlet
Holding
Corp.*
739
19,059
Performance
Food
Group
Co.*
1,159
88,976
Sprouts
Farmers
Market,
Inc.*
756
47,205
US
Foods
Holding
Corp.*
1,685
85,581
398,217
Containers
&
Packaging
—
1.1%
AptarGroup,
Inc.
490
68,825
Berry
Global
Group,
Inc.
879
51,167
Crown
Holdings,
Inc.
899
68,881
Graphic
Packaging
Holding
Co.
2,280
59,166
Greif,
Inc.,
Class
a
A
190
12,247
Silgan
Holdings,
Inc.
603
26,478
Investments
Shares
Value
Common
Stocks
(continued)
Sonoco
Products
Co.
730
$
41,377
328,141
Diversified
Consumer
Services
—
0.6%
Graham
Holdings
Co.,
Class
a
B
27
18,963
Grand
Canyon
Education,
Inc.*
220
29,656
H&R
Block,
Inc.
1,072
52,474
Service
Corp.
International
1,100
80,509
181,602
Diversified
REITs
—
0.3%
WP
Carey,
Inc.,
REIT
1,629
91,762
Diversified
Telecommunication
Services
—
0.2%
Frontier
Communications
Parent,
Inc.*
1,647
39,001
Iridium
Communications,
Inc.
922
26,692
65,693
Electric
Utilities
—
0.5%
ALLETE,
Inc.
428
24,242
IDACORP,
Inc.
377
33,217
OGE
Energy
Corp.
1,492
49,102
PNM
Resources,
Inc.
639
23,330
Portland
General
Electric
Co.
753
30,248
160,139
Electrical
Equipment
—
1.0%
Acuity
Brands,
Inc.
231
58,036
EnerSys
301
27,656
nVent
Electric
plc
1,236
83,208
Regal
Rexnord
Corp.
494
84,716
Sensata
Technologies
Holding
plc
1,127
38,791
Sunrun,
Inc.*
1,618
19,481
311,888
Electronic
Equipment,
Instruments
&
Components
—
1.5%
Arrow
Electronics,
Inc.*
403
47,353
Avnet,
Inc.
674
31,402
Belden,
Inc.
310
26,406
Cognex
Corp.
1,282
50,575
Coherent
Corp.*
982
58,409
Crane
NXT
Co.
360
21,031
IPG
Photonics
Corp.*
220
18,997
Littelfuse,
Inc.
185
44,074
Novanta,
Inc.*
267
46,175
TD
SYNNEX
Corp.
429
44,573
Vishay
Intertechnology,
Inc.
940
20,445
Vontier
Corp.
1,149
49,407
458,847
Energy
Equipment
&
Services
—
0.6%
ChampionX
Corp.
1,451
45,068
NOV,
Inc.
2,934
49,585
Valaris
Ltd.*
467
29,444
Weatherford
International
plc*
537
55,102
179,199
ULTRAPRO
MIDCAP400
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
108
UMDD
::
Investments
Shares
Value
Common
Stocks
(continued)
Entertainment
—
0.1%
TKO
Group
Holdings,
Inc.,
Class
a
A
447
$
37,427
Financial
Services
—
1.2%
Equitable
Holdings,
Inc.
2,370
81,149
Essent
Group
Ltd.
795
42,588
Euronet
Worldwide,
Inc.*
326
35,677
MGIC
Investment
Corp.
2,065
41,073
Voya
Financial,
Inc.
778
53,184
Western
Union
Co.
(The)
2,714
36,395
WEX,
Inc.*
318
69,874
359,940
Food
Products
—
0.7%
Darling
Ingredients,
Inc.*
1,188
50,264
Flowers
Foods,
Inc.
1,431
32,083
Ingredion,
Inc.
486
57,168
Lancaster
Colony
Corp.
152
31,452
Pilgrim's
Pride
Corp.*
300
9,552
Post
Holdings,
Inc.*
379
39,477
219,996
Gas
Utilities
—
0.6%
National
Fuel
Gas
Co.
684
33,338
New
Jersey
Resources
Corp.
727
30,251
ONE
Gas,
Inc.
413
24,615
Southwest
Gas
Holdings,
Inc.
447
30,463
Spire,
Inc.
392
23,253
UGI
Corp.
1,560
38,189
180,109
Ground
Transportation
—
1.4%
Avis
Budget
Group,
Inc.
138
14,910
Hertz
Global
Holdings,
Inc.*
986
7,740
Knight-Swift
Transportation
Holdings,
Inc.,
Class
a
A
1,201
67,664
Landstar
System,
Inc.
268
50,974
Ryder
System,
Inc.
330
37,653
Saia,
Inc.*
198
113,929
Werner
Enterprises,
Inc.
472
18,946
XPO,
Inc.*
864
103,956
415,772
Health
Care
Equipment
&
Supplies
—
1.4%
Enovis
Corp.*
370
22,131
Envista
Holdings
Corp.*
1,277
26,370
Globus
Medical,
Inc.,
Class
a
A*
859
46,377
Haemonetics
Corp.*
378
27,586
Inari
Medical,
Inc.*
381
17,572
Integra
LifeSciences
Holdings
Corp.*
507
18,713
Lantheus
Holdings,
Inc.*
510
33,344
LivaNova
plc*
401
21,979
Masimo
Corp.*
331
42,547
Neogen
Corp.*
1,466
25,201
Penumbra,
Inc.*
287
67,422
QuidelOrtho
Corp.*
368
16,781
Investments
Shares
Value
Common
Stocks
(continued)
Shockwave
Medical,
Inc.*
275
$
71,739
437,762
Health
Care
Providers
&
Services
—
1.4%
Acadia
Healthcare
Co.,
Inc.*
687
57,330
Amedisys,
Inc.*
243
22,604
Chemed
Corp.
112
70,127
Encompass
Health
Corp.
747
55,577
HealthEquity,
Inc.*
638
52,705
Option
Care
Health,
Inc.*
1,319
42,564
Progyny,
Inc.*
621
22,679
R1
RCM,
Inc.*
1,467
20,611
Tenet
Healthcare
Corp.*
756
70,308
414,505
Health
Care
REITs
—
0.5%
Healthcare
Realty
Trust,
Inc.,
Class
a
A,
REIT
2,837
39,094
Medical
Properties
Trust,
Inc.,
REIT(a)
4,461
18,781
Omega
Healthcare
Investors,
Inc.,
REIT
1,825
56,794
Sabra
Health
Care
REIT,
Inc.,
REIT
1,722
23,901
138,570
Health
Care
Technology
—
0.1%
Doximity,
Inc.,
Class
a
A*
880
24,842
Hotel
&
Resort
REITs
—
0.1%
Park
Hotels
&
Resorts,
Inc.,
REIT
1,564
25,962
Hotels,
Restaurants
&
Leisure
—
2.3%
Aramark
1,944
58,962
Boyd
Gaming
Corp.
518
34,255
Choice
Hotels
International,
Inc.(a)
185
20,709
Churchill
Downs,
Inc.
506
61,666
Hilton
Grand
Vacations,
Inc.*
531
23,831
Hyatt
Hotels
Corp.,
Class
a
A
329
50,531
Light
&
Wonder,
Inc.*
671
67,442
Marriott
Vacations
Worldwide
Corp.
246
22,925
Penn
Entertainment,
Inc.*
1,130
20,679
Planet
Fitness,
Inc.,
Class
a
A*
636
39,464
Texas
Roadhouse,
Inc.,
Class
a
A
497
74,237
Travel
+
Leisure
Co.
539
24,088
Vail
Resorts,
Inc.
284
65,408
Wendy's
Co.
(The)
1,244
22,529
Wingstop,
Inc.
219
76,880
Wyndham
Hotels
&
Resorts,
Inc.
618
47,308
710,914
Household
Durables
—
1.2%
Helen
of
Troy
Ltd.*
177
22,125
KB
Home
570
37,865
Leggett
&
Platt,
Inc.
993
20,277
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
MIDCAP400
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
109
UMDD
::
Investments
Shares
Value
Common
Stocks
(continued)
Taylor
Morrison
Home
Corp.,
Class
a
A*
800
$
45,288
Tempur
Sealy
International,
Inc.
1,284
69,939
Toll
Brothers,
Inc.
801
91,827
TopBuild
Corp.*
237
95,364
382,685
Independent
Power
and
Renewable
Electricity
Producers
—
0.5%
Ormat
Technologies,
Inc.
400
26,060
Vistra
Corp.
2,503
136,514
162,574
Industrial
REITs
—
0.8%
EastGroup
Properties,
Inc.,
REIT
345
60,613
First
Industrial
Realty
Trust,
Inc.,
REIT
985
52,205
Rexford
Industrial
Realty,
Inc.,
REIT
1,572
79,984
STAG
Industrial,
Inc.,
REIT
1,352
50,213
243,015
Insurance
—
3.0%
American
Financial
Group,
Inc.
487
62,175
Brighthouse
Financial,
Inc.*
478
22,251
CNO
Financial
Group,
Inc.
835
22,286
Erie
Indemnity
Co.,
Class
a
A
186
75,680
Fidelity
National
Financial,
Inc.
1,926
97,417
First
American
Financial
Corp.
769
44,917
Hanover
Insurance
Group,
Inc.
(The)
266
34,971
Kemper
Corp.
449
25,741
Kinsale
Capital
Group,
Inc.
164
84,654
Old
Republic
International
Corp.
1,942
56,240
Primerica,
Inc.
261
64,013
Reinsurance
Group
of
America,
Inc.
491
86,833
RenaissanceRe
Holdings
Ltd.
391
87,905
RLI
Corp.
299
43,789
Selective
Insurance
Group,
Inc.
451
47,120
Unum
Group
1,366
67,549
923,541
Interactive
Media
&
Services
—
0.2%
Ziff
Davis,
Inc.*
343
23,585
ZoomInfo
Technologies,
Inc.,
Class
a
A*
2,206
36,972
60,557
IT
Services
—
0.5%
GoDaddy,
Inc.,
Class
a
A*
1,049
119,743
Kyndryl
Holdings,
Inc.*
1,709
37,547
157,290
Leisure
Products
—
0.5%
Brunswick
Corp.
513
44,836
Mattel,
Inc.*
2,631
51,831
Polaris,
Inc.
395
36,620
YETI
Holdings,
Inc.*
647
26,553
159,840
Investments
Shares
Value
Common
Stocks
(continued)
Life
Sciences
Tools
&
Services
—
0.8%
Azenta,
Inc.*
448
$
29,187
Bruker
Corp.
691
59,799
Medpace
Holdings,
Inc.*
174
69,169
Repligen
Corp.*
387
75,074
Sotera
Health
Co.*
737
11,062
244,291
Machinery
—
3.1%
AGCO
Corp.
463
50,791
Chart
Industries,
Inc.*
313
44,715
Crane
Co.
364
44,248
Donaldson
Co.,
Inc.
899
64,386
Esab
Corp.
422
41,829
Flowserve
Corp.
977
41,347
Graco,
Inc.
1,257
114,714
ITT,
Inc.
611
77,071
Lincoln
Electric
Holdings,
Inc.
426
109,311
Middleby
Corp.
(The)*
399
60,712
Oshkosh
Corp.
487
53,989
RBC
Bearings,
Inc.*
217
59,204
Terex
Corp.
501
28,732
Timken
Co.
(The)
483
40,567
Toro
Co.
(The)
773
71,356
Watts
Water
Technologies,
Inc.,
Class
a
A
204
41,606
944,578
Marine
Transportation
—
0.1%
Kirby
Corp.*
440
38,597
Media
—
0.4%
Cable
One,
Inc.
34
15,504
New
York
Times
Co.
(The),
Class
a
A
1,219
53,977
Nexstar
Media
Group,
Inc.,
Class
a
A
240
39,881
TEGNA,
Inc.
1,467
20,553
129,915
Metals
&
Mining
—
1.4%
Alcoa
Corp.
1,329
36,162
Cleveland-Cliffs,
Inc.*
3,760
78,208
Commercial
Metals
Co.
871
47,034
MP
Materials
Corp.*
1,073
16,320
Reliance,
Inc.
428
137,482
Royal
Gold,
Inc.
489
50,186
United
States
Steel
Corp.
1,661
78,632
444,024
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.4%
Annaly
Capital
Management,
Inc.
3,726
71,125
Starwood
Property
Trust,
Inc.
2,216
45,184
116,309
Multi-Utilities
—
0.2%
Black
Hills
Corp.
506
26,327
ULTRAPRO
MIDCAP400
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
110
UMDD
::
Investments
Shares
Value
Common
Stocks
(continued)
Northwestern
Energy
Group,
Inc.
456
$
21,852
48,179
Office
REITs
—
0.4%
COPT
Defense
Properties,
REIT
838
20,305
Cousins
Properties,
Inc.,
REIT
1,130
25,775
Kilroy
Realty
Corp.,
REIT
795
30,167
Vornado
Realty
Trust,
REIT
1,191
31,323
107,570
Oil,
Gas
&
Consumable
Fuels
—
2.6%
Antero
Midstream
Corp.
2,537
33,996
Antero
Resources
Corp.*
2,104
54,073
Chesapeake
Energy
Corp.
830
68,707
Chord
Energy
Corp.
307
49,872
Civitas
Resources,
Inc.
636
43,680
CNX
Resources
Corp.*
1,183
24,784
DT
Midstream,
Inc.
722
41,609
Equitrans
Midstream
Corp.
3,227
34,497
HF
Sinclair
Corp.
1,166
64,713
Matador
Resources
Co.
825
52,099
Murphy
Oil
Corp.
1,093
43,359
Ovintiv,
Inc.
1,890
93,385
PBF
Energy,
Inc.,
Class
a
A(a)
810
37,827
Permian
Resources
Corp.,
Class
a
A
3,096
48,174
Range
Resources
Corp.
1,797
56,821
Southwestern
Energy
Co.*
8,204
57,182
804,778
Paper
&
Forest
Products
—
0.1%
Louisiana-Pacific
Corp.
478
35,358
Personal
Care
Products
—
0.6%
BellRing
Brands,
Inc.*
979
55,754
Coty,
Inc.,
Class
a
A*
2,789
35,030
elf
Beauty,
Inc.*
411
85,706
176,490
Pharmaceuticals
—
0.3%
Jazz
Pharmaceuticals
plc*
469
55,764
Perrigo
Co.
plc
1,009
26,496
82,260
Professional
Services
—
1.8%
ASGN,
Inc.*
352
34,961
CACI
International,
Inc.,
Class
a
A*
166
62,225
Concentrix
Corp.
352
25,502
ExlService
Holdings,
Inc.*
1,228
38,215
Exponent,
Inc.
377
30,496
FTI
Consulting,
Inc.*
264
54,616
Genpact
Ltd.
1,243
42,262
Insperity,
Inc.
264
26,873
KBR,
Inc.
1,006
60,390
ManpowerGroup,
Inc.
364
26,266
Maximus,
Inc.
453
37,898
Paylocity
Holding
Corp.*
322
54,293
Investments
Shares
Value
Common
Stocks
(continued)
Science
Applications
International
Corp.
394
$
55,144
549,141
Real
Estate
Management
&
Development
—
0.2%
Jones
Lang
LaSalle,
Inc.*
354
67,345
Residential
REITs
—
0.8%
American
Homes
4
Rent,
Class
a
A,
REIT
2,356
87,196
Apartment
Income
REIT
Corp.,
Class
a
A,
REIT
1,095
33,201
Equity
LifeStyle
Properties,
Inc.,
REIT
1,388
93,440
Independence
Realty
Trust,
Inc.,
REIT
1,674
24,507
238,344
Retail
REITs
—
0.6%
Agree
Realty
Corp.,
REIT
749
41,157
Brixmor
Property
Group,
Inc.,
REIT
2,239
50,624
Kite
Realty
Group
Trust,
REIT
1,634
34,984
NNN
REIT,
Inc.,
REIT
1,359
55,298
182,063
Semiconductors
&
Semiconductor
Equipment
—
1.7%
Allegro
MicroSystems,
Inc.*
530
16,690
Amkor
Technology,
Inc.
769
23,854
Cirrus
Logic,
Inc.*
401
36,820
Lattice
Semiconductor
Corp.*
1,028
78,755
MACOM
Technology
Solutions
Holdings,
Inc.*
403
35,597
MKS
Instruments,
Inc.
468
57,452
Onto
Innovation,
Inc.*
366
67,402
Power
Integrations,
Inc.
423
30,228
Rambus,
Inc.*
801
47,451
Silicon
Laboratories,
Inc.*
237
32,597
Synaptics,
Inc.*
292
29,229
Universal
Display
Corp.
325
56,686
Wolfspeed,
Inc.*
933
24,277
537,038
Software
—
1.5%
Aspen
Technology,
Inc.*
209
40,523
Blackbaud,
Inc.*
321
22,207
CommVault
Systems,
Inc.*
326
31,201
Dolby
Laboratories,
Inc.,
Class
a
A
444
35,964
Dropbox,
Inc.,
Class
a
A*
1,908
45,697
Dynatrace,
Inc.*
1,776
88,001
Manhattan
Associates,
Inc.*
459
116,278
Qualys,
Inc.*
274
47,090
Teradata
Corp.*
728
27,387
454,348
Specialized
REITs
—
1.1%
CubeSmart,
REIT
1,675
73,047
EPR
Properties,
REIT
561
23,046
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
MIDCAP400
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
111
UMDD
::
Investments
Shares
Value
Common
Stocks
(continued)
Gaming
and
Leisure
Properties,
Inc.,
REIT
1,989
$
90,484
Lamar
Advertising
Co.,
Class
a
A,
REIT
652
72,078
National
Storage
Affiliates
Trust,
REIT
575
20,591
PotlatchDeltic
Corp.,
REIT
591
26,719
Rayonier,
Inc.,
REIT
1,016
34,981
340,946
Specialty
Retail
—
2.5%
AutoNation,
Inc.*
193
28,912
Burlington
Stores,
Inc.*
483
99,063
Dick's
Sporting
Goods,
Inc.
458
81,474
Five
Below,
Inc.*
415
83,282
Floor
&
Decor
Holdings,
Inc.,
Class
a
A*
794
96,169
GameStop
Corp.,
Class
a
A*(a)
2,001
28,554
Gap,
Inc.
(The)
1,598
30,266
Lithia
Motors,
Inc.,
Class
a
A
205
61,307
Murphy
USA,
Inc.
144
60,050
Penske
Automotive
Group,
Inc.
145
22,258
RH*
115
31,556
Valvoline,
Inc.*
1,033
44,047
Williams-Sonoma,
Inc.
478
112,583
779,521
Technology
Hardware,
Storage
&
Peripherals
—
1.3%
Pure
Storage,
Inc.,
Class
a
A*
2,184
114,988
Super
Micro
Computer,
Inc.*
345
298,811
413,799
Textiles,
Apparel
&
Luxury
Goods
—
1.5%
Capri
Holdings
Ltd.*
866
39,949
Carter's,
Inc.
274
22,180
Columbia
Sportswear
Co.
257
21,251
Crocs,
Inc.*
451
55,135
Deckers
Outdoor
Corp.*
192
171,953
PVH
Corp.
450
61,502
Skechers
USA,
Inc.,
Class
a
A*
995
61,501
Under
Armour,
Inc.,
Class
a
A*
1,406
12,598
Under
Armour,
Inc.,
Class
a
C*
1,441
12,306
458,375
Trading
Companies
&
Distributors
—
0.9%
Core
&
Main,
Inc.,
Class
a
A*
1,251
59,710
GATX
Corp.
264
33,486
MSC
Industrial
Direct
Co.,
Inc.,
Class
a
A
345
34,825
Watsco,
Inc.
252
99,318
WESCO
International,
Inc.
327
48,883
276,222
Water
Utilities
—
0.2%
Essential
Utilities,
Inc.
1,872
65,108
Total
Common
Stocks
(Cost
$18,235,076)
19,676,746
Investments
Shares
Value
Securities
Lending
Reinvestments
(b)
—
0
.3
%
Investment
Companies
—
0
.3
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
5.25%
(c)
(Cost
$107,295)
107,295
$
107,295
Principal
Amount
Short-Term
Investments
—
6
.7
%
Repurchase
Agreements
(d)
—
6
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$2,062,521
(Cost
$2,062,216)
$
2,062,216
2,062,216
Total
Investments
—
71.2%
(Cost
$20,404,587)
21,846,257
Other
assets
less
liabilities
—
28.8%
8,844,079
Net
Assets
—
100.0%
$
30,690,336
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
29,
2024.
The
total
value
of
securities
on
loan
at
February
29,
2024
was
$148,576,
collateralized
in
the
form
of
cash
with
a
value
of
$107,295
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$45,101
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
7.63%,
and
maturity
dates
ranging
from
March
15,
2024
–
August
15,
2053.
The
total
value
of
collateral
is
$152,396.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
29,
2024.
The
total
value
of
securities
purchased
was
$107,295.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
29,
2024.
(d)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
ULTRAPRO
MIDCAP400
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
112
UMDD
::
Futures
Contracts
Purchased
UltraPro
MidCap400
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
S&P
Midcap
400
E-Mini
Index
11
3/15/2024
U.S.
Dollar
$
3,181,860
$
228,015
Swap
Agreements
UltraPro
MidCap400
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
9,967,030
4/8/2024
Bank
of
America
NA
5.98%
S&P
MidCap
400
®
451,050
12,262,222
4/8/2024
BNP
Paribas
SA
5.88%
S&P
MidCap
400
®
440,433
13,947,483
3/6/2025
Citibank
NA
5.73%
S&P
MidCap
400
®
1,013,376
7,861,223
11/7/2024
Goldman
Sachs
International
5.83%
S&P
MidCap
400
®
184,922
6,290,098
4/8/2024
Morgan
Stanley
&
Co.
International
plc
5.88%
S&P
MidCap
400
®
1,185,968
7,316,286
4/8/2024
Societe
Generale
5.85%
S&P
MidCap
400
®
609,802
11,568,461
1/26/2026
UBS
AG
5.68%
S&P
MidCap
400
®
534,515
69,212,803
4,420,066
Total
Unrealized
Appreciation
4,420,066
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
QQQ
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
113
TQQQ
::
Investments
Shares
Value
Common
Stocks
—
43
.4
%
Automobiles
—
1.2%
Tesla,
Inc.*
1,303,807
$
263,212,557
Beverages
—
1.2%
Coca-Cola
Europacific
Partners
plc
319,728
21,942,933
Keurig
Dr
Pepper,
Inc.
978,019
29,252,548
Monster
Beverage
Corp.*
727,485
42,994,364
PepsiCo,
Inc.
961,904
159,041,207
253,231,052
Biotechnology
—
1.7%
Amgen,
Inc.
374,425
102,528,798
Biogen,
Inc.*
101,122
21,942,463
Gilead
Sciences,
Inc.
872,476
62,905,520
Moderna,
Inc.*
266,650
24,595,796
Regeneron
Pharmaceuticals,
Inc.*
75,292
72,738,848
Vertex
Pharmaceuticals,
Inc.*
180,268
75,845,958
360,557,383
Broadline
Retail
—
2.8%
Amazon.com,
Inc.*
2,799,920
494,913,859
MercadoLibre,
Inc.*
35,290
56,298,137
PDD
Holdings,
Inc.,
ADR*
466,404
58,085,954
609,297,950
Commercial
Services
&
Supplies
—
0.4%
Cintas
Corp.
71,939
45,221,575
Copart,
Inc.*
671,378
35,683,741
80,905,316
Communications
Equipment
—
0.6%
Cisco
Systems,
Inc.
2,843,513
137,540,724
Consumer
Staples
Distribution
&
Retail
—
1.2%
Costco
Wholesale
Corp.
309,723
230,399,842
Dollar
Tree,
Inc.*
152,372
22,349,925
Walgreens
Boots
Alliance,
Inc.
603,657
12,833,748
265,583,515
Electric
Utilities
—
0.5%
American
Electric
Power
Co.,
Inc.
368,409
31,384,763
Constellation
Energy
Corp.
223,898
37,715,618
Exelon
Corp.
696,394
24,958,761
Xcel
Energy,
Inc.
385,922
20,334,230
114,393,372
Electronic
Equipment,
Instruments
&
Components
—
0.1%
CDW
Corp.
93,482
23,016,203
Energy
Equipment
&
Services
—
0.1%
Baker
Hughes
Co.,
Class
a
A
704,292
20,840,000
Investments
Shares
Value
Common
Stocks
(continued)
Entertainment
—
1.1%
Electronic
Arts,
Inc.
188,537
$
26,297,141
Netflix,
Inc.*
306,107
184,558,032
Take-Two
Interactive
Software,
Inc.*
118,850
17,462,631
Warner
Bros
Discovery,
Inc.*
1,705,071
14,987,574
243,305,378
Financial
Services
—
0.2%
PayPal
Holdings,
Inc.*
754,105
45,502,696
Food
Products
—
0.5%
Kraft
Heinz
Co.
(The)
857,585
30,255,599
Mondelez
International,
Inc.,
Class
a
A
952,596
69,606,190
99,861,789
Ground
Transportation
—
0.4%
CSX
Corp.
1,383,103
52,474,928
Old
Dominion
Freight
Line,
Inc.
75,817
33,547,506
86,022,434
Health
Care
Equipment
&
Supplies
—
0.9%
Dexcom,
Inc.*
270,130
31,083,859
GE
HealthCare
Technologies,
Inc.
318,898
29,109,010
IDEXX
Laboratories,
Inc.*
58,103
33,422,589
Intuitive
Surgical,
Inc.*
246,689
95,123,278
188,738,736
Hotels,
Restaurants
&
Leisure
—
1.3%
Airbnb,
Inc.,
Class
a
A*
304,293
47,917,019
Booking
Holdings,
Inc.*
24,173
83,852,027
DoorDash,
Inc.,
Class
a
A*
258,892
32,250,176
Marriott
International,
Inc.,
Class
a
A
205,594
51,371,773
Starbucks
Corp.
795,002
75,445,690
290,836,685
Industrial
Conglomerates
—
0.4%
Honeywell
International,
Inc.
460,993
91,613,139
Interactive
Media
&
Services
—
4.2%
Alphabet,
Inc.,
Class
a
A*
1,603,245
221,985,302
Alphabet,
Inc.,
Class
a
C*
1,550,996
216,798,221
Meta
Platforms,
Inc.,
Class
a
A
957,345
469,223,505
908,007,028
IT
Services
—
0.2%
Cognizant
Technology
Solutions
Corp.,
Class
a
A
350,646
27,708,047
MongoDB,
Inc.,
Class
a
A*
50,324
22,524,016
50,232,063
Life
Sciences
Tools
&
Services
—
0.1%
Illumina,
Inc.*
110,441
15,442,965
ULTRAPRO
QQQ
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
114
TQQQ
::
Investments
Shares
Value
Common
Stocks
(continued)
Machinery
—
0.2%
PACCAR,
Inc.
365,855
$
40,569,661
Media
—
0.9%
Charter
Communications,
Inc.,
Class
a
A*
103,546
30,435,276
Comcast
Corp.,
Class
a
A
2,810,097
120,412,656
Sirius
XM
Holdings,
Inc.(a)
2,686,121
11,872,655
Trade
Desk,
Inc.
(The),
Class
a
A*
311,913
26,646,728
189,367,315
Oil,
Gas
&
Consumable
Fuels
—
0.1%
Diamondback
Energy,
Inc.
124,562
22,735,056
Pharmaceuticals
—
0.1%
AstraZeneca
plc,
ADR
407,212
26,126,722
Professional
Services
—
0.6%
Automatic
Data
Processing,
Inc.
287,768
72,267,178
Paychex,
Inc.
252,670
30,982,395
Verisk
Analytics,
Inc.,
Class
a
A
101,230
24,487,537
127,737,110
Real
Estate
Management
&
Development
—
0.1%
CoStar
Group,
Inc.*
285,405
24,838,797
Semiconductors
&
Semiconductor
Equipment
—
9.9%
Advanced
Micro
Devices,
Inc.*
1,129,447
217,452,431
Analog
Devices,
Inc.
346,905
66,543,317
Applied
Materials,
Inc.
585,895
118,128,150
ASML
Holding
NV
(Registered),
NYRS
61,309
58,346,549
Broadcom,
Inc.
326,167
424,176,922
GLOBALFOUNDRIES,
Inc.*(a)
382,716
20,923,084
Intel
Corp.
2,950,094
127,001,547
KLA
Corp.
95,003
64,820,547
Lam
Research
Corp.
92,381
86,676,473
Marvell
Technology,
Inc.
604,209
43,297,617
Microchip
Technology,
Inc.
379,075
31,895,370
Micron
Technology,
Inc.
772,030
69,953,638
NVIDIA
Corp.
669,100
529,338,392
NXP
Semiconductors
NV
180,369
45,043,550
ON
Semiconductor
Corp.*
300,752
23,735,348
QUALCOMM,
Inc.
778,523
122,843,144
Texas
Instruments,
Inc.
634,521
106,174,399
2,156,350,478
Software
—
7.6%
Adobe,
Inc.*
318,969
178,711,951
ANSYS,
Inc.*
61,599
20,584,538
Atlassian
Corp.,
Class
a
A*
108,174
22,437,451
Autodesk,
Inc.*
149,979
38,720,079
Cadence
Design
Systems,
Inc.*
190,694
58,043,440
Crowdstrike
Holdings,
Inc.,
Class
a
A*
159,161
51,592,038
Datadog,
Inc.,
Class
a
A*
211,619
27,819,434
Investments
Shares
Value
Common
Stocks
(continued)
Fortinet,
Inc.*
537,537
$
37,149,182
Intuit,
Inc.
195,169
129,375,578
Microsoft
Corp.
2,013,913
833,034,973
Palo
Alto
Networks,
Inc.*
220,229
68,392,116
Roper
Technologies,
Inc.
75,182
40,953,891
Splunk,
Inc.*
117,917
18,420,994
Synopsys,
Inc.*
106,896
61,329,442
Workday,
Inc.,
Class
a
A*
145,705
42,933,435
Zscaler,
Inc.*
104,053
25,177,704
1,654,676,246
Specialty
Retail
—
0.4%
O'Reilly
Automotive,
Inc.*
41,208
44,810,403
Ross
Stores,
Inc.
237,008
35,304,712
80,115,115
Technology
Hardware,
Storage
&
Peripherals
—
3.5%
Apple,
Inc.
4,212,010
761,320,808
Textiles,
Apparel
&
Luxury
Goods
—
0.2%
Lululemon
Athletica,
Inc.*
85,015
39,709,656
Trading
Companies
&
Distributors
—
0.1%
Fastenal
Co.
400,056
29,208,089
Wireless
Telecommunication
Services
—
0.6%
T-Mobile
US,
Inc.
808,861
132,087,001
Total
Common
Stocks
(Cost
$9,257,856,198)
9,432,983,039
Securities
Lending
Reinvestments
(b)
—
0
.1
%
Investment
Companies
—
0
.1
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
5.25%
(c)
(Cost
$28,966,537)
28,966,537
28,966,537
Principal
Amount
Short-Term
Investments
—
36
.4
%
Repurchase
Agreements
(d)
—
1
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$332,363,788
(Cost
$332,314,901)
$
332,314,901
332,314,901
U.S.
Treasury
Obligations
(e)
—
34
.9
%
U.S.
Treasury
Bills
5.33%,
3/5/2024
(f)
350,000,000
349,795,229
5.27%,
3/7/2024
(f)
500,000,000
499,561,770
5.27%,
3/12/2024
(f)
100,000,000
99,838,850
5.42%,
3/14/2024
(f)
100,000,000
99,809,749
5.29%,
3/19/2024
(f)
250,000,000
249,337,500
5.44%,
3/21/2024
(f)
500,000,000
498,531,945
5.46%,
3/28/2024
(f)
200,000,000
199,208,750
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
QQQ
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
115
TQQQ
::
Investments
Principal
Amount
Value
U.S.
Treasury
Obligations
(e)
(continued)
5.31%,
4/2/2024
(f)
$
200,000,000
$
199,058,666
5.45%,
4/4/2024
(f)
1,550,000,000
1,542,268,228
5.33%,
4/18/2024
(f)
600,000,000
595,788,000
5.30%,
5/9/2024
(f)
500,000,000
494,971,145
5.30%,
5/21/2024
(f)
400,000,000
395,297,048
5.30%,
5/23/2024
(f)
300,000,000
296,378,778
5.20%,
6/13/2024
(f)
500,000,000
492,467,220
5.30%,
6/18/2024
(f)
350,000,000
344,446,525
5.17%,
7/5/2024
(f)
200,000,000
196,395,000
4.91%,
7/11/2024
(f)
200,000,000
196,229,200
5.19%,
8/8/2024
(f)
850,000,000
830,633,226
Total
U.S.
Treasury
Obligations
(Cost
$7,580,905,369)
7,580,016,829
Total
Short-Term
Investments
(Cost
$7,913,220,270)
7,912,331,730
Total
Investments
—
79.9%
(Cost
$17,200,043,005)
17,374,281,306
Other
assets
less
liabilities
—
20.1%
4,371,116,839
Net
Assets
—
100.0%
$
21,745,398,145
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
29,
2024.
The
total
value
of
securities
on
loan
at
February
29,
2024
was
$28,546,377,
collateralized
in
the
form
of
cash
with
a
value
of
$28,966,537
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$32,339
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
4.38%,
and
maturity
dates
ranging
from
March
31,
2025
–
November
15,
2052.
The
total
value
of
collateral
is
$28,998,876.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
29,
2024.
The
total
value
of
securities
purchased
was
$28,966,537.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
29,
2024.
(d)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(e)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$6,148,127,100.
(f)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Abbreviations
ADR
American
Depositary
Receipt
NYRS
New
York
Registry
Shares
Futures
Contracts
Purchased
UltraPro
QQQ
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
Nasdaq
100
E-Mini
Index
3,027
3/15/2024
U.S.
Dollar
$
1,094,729,685
$
106,105,729
Swap
Agreements
UltraPro
QQQ
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
5,512,396,175
5/6/2025
Bank
of
America
NA
5.98%
Nasdaq-100
Index
®
1,141,725,005
6,857,619,324
5/6/2025
Barclays
Capital
5.93%
Nasdaq-100
Index
®
209,399,955
6,523,122,433
11/6/2025
BNP
Paribas
SA
6.08%
Nasdaq-100
Index
®
212,839,325
6,687,826,696
2/11/2025
Citibank
NA
6.08%
Nasdaq-100
Index
®
269,838,208
7,662,826,130
3/13/2025
Goldman
Sachs
International
6.03%
Nasdaq-100
Index
®
720,290,370
5,511,042,886
4/7/2025
J.P.
Morgan
Securities
5.93%
Nasdaq-100
Index
®
479,953,975
5,283,924,946
11/6/2025
Morgan
Stanley
&
Co.
International
plc
5.88%
Nasdaq-100
Index
®
199,417,588
5,439,715,547
12/11/2025
Societe
Generale
6.28%
Nasdaq-100
Index
®
98,626,519
5,231,272,992
4/7/2025
UBS
AG
6.13%
Nasdaq-100
Index
®
1,155,972,098
54,709,747,129
4,488,063,043
Total
Unrealized
Appreciation
4,488,063,043
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRAPRO
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
116
URTY
::
Investments
Shares
Value
Common
Stocks
—
56
.8
%
Aerospace
&
Defense
—
0.6%
AAR
Corp.*
2,780
$
185,648
AeroVironment,
Inc.*
2,137
270,950
AerSale
Corp.*
2,103
18,591
Archer
Aviation,
Inc.,
Class
a
A*(a)
12,530
60,520
Astronics
Corp.*
2,160
41,407
Cadre
Holdings,
Inc.
1,597
57,380
Ducommun,
Inc.*
1,100
52,492
Eve
Holding,
Inc.*(a)
1,487
8,253
Kaman
Corp.
2,315
106,050
Kratos
Defense
&
Security
Solutions,
Inc.*
11,838
215,925
Leonardo
DRS,
Inc.*
5,643
128,153
Moog,
Inc.,
Class
a
A
2,331
349,534
National
Presto
Industries,
Inc.
424
32,788
Park
Aerospace
Corp.
1,529
23,271
Parsons
Corp.*
3,392
273,429
Redwire
Corp.*(a)
645
2,083
Rocket
Lab
USA,
Inc.*
22,902
105,006
Terran
Orbital
Corp.*(a)
8,125
8,775
Triumph
Group,
Inc.*
5,292
73,559
V2X,
Inc.*
946
36,421
Virgin
Galactic
Holdings,
Inc.*(a)
26,961
46,912
2,097,147
Air
Freight
&
Logistics
—
0.1%
Air
Transport
Services
Group,
Inc.*
4,631
55,896
Forward
Air
Corp.
2,116
78,567
Hub
Group,
Inc.,
Class
a
A*
5,167
219,753
Radiant
Logistics,
Inc.*
2,995
17,371
371,587
Automobile
Components
—
0.7%
Adient
plc*
7,710
261,677
American
Axle
&
Manufacturing
Holdings,
Inc.*
9,382
64,923
Atmus
Filtration
Technologies,
Inc.*
1,349
32,201
Cooper-Standard
Holdings,
Inc.*
1,389
19,529
Dana,
Inc.
10,713
133,913
Dorman
Products,
Inc.*
2,164
203,892
Fox
Factory
Holding
Corp.*
3,506
177,369
Gentherm,
Inc.*
2,694
153,181
Goodyear
Tire
&
Rubber
Co.
(The)*
23,135
274,844
Holley,
Inc.*
4,336
18,601
LCI
Industries
2,030
255,739
Luminar
Technologies,
Inc.,
Class
a
A*(a)
22,373
53,472
Modine
Manufacturing
Co.*
4,229
379,384
Patrick
Industries,
Inc.
1,753
210,255
Solid
Power,
Inc.*(a)
12,728
20,874
Standard
Motor
Products,
Inc.
1,690
53,674
Stoneridge,
Inc.*
2,174
38,197
Visteon
Corp.*
2,268
256,556
XPEL,
Inc.*(b)
1,857
97,641
2,705,922
Investments
Shares
Value
Common
Stocks
(continued)
Automobiles
—
0.1%
Fisker,
Inc.,
Class
a
A*(a)
17,172
$
12,504
Livewire
Group,
Inc.*(a)
1,579
14,811
Winnebago
Industries,
Inc.
2,385
171,076
Workhorse
Group,
Inc.*(a)
16,951
5,672
204,063
Banks
—
4.8%
1st
Source
Corp.
1,356
67,502
ACNB
Corp.
684
24,104
Amalgamated
Financial
Corp.
1,452
33,512
Amerant
Bancorp,
Inc.,
Class
a
A
2,119
44,902
American
National
Bankshares,
Inc.
843
38,036
Ameris
Bancorp
5,439
251,989
Ames
National
Corp.(a)
708
13,431
Arrow
Financial
Corp.
1,211
29,040
Associated
Banc-Corp.
12,441
259,270
Atlantic
Union
Bankshares
Corp.
6,172
205,281
Axos
Financial,
Inc.*
4,564
237,876
Banc
of
California,
Inc.
10,787
157,814
BancFirst
Corp.
1,811
158,897
Bancorp,
Inc.
(The)*
4,278
190,970
Bank
First
Corp.(a)
767
66,346
Bank
of
Hawaii
Corp.(a)
3,222
194,222
Bank
of
Marin
Bancorp
1,293
21,477
Bank
of
NT
Butterfield
&
Son
Ltd.
(The)
3,989
119,231
Bank7
Corp.
307
8,599
BankUnited,
Inc.
6,114
163,977
Bankwell
Financial
Group,
Inc.
483
12,302
Banner
Corp.
2,812
123,278
Bar
Harbor
Bankshares
1,228
30,970
BayCom
Corp.
921
18,438
BCB
Bancorp,
Inc.
1,237
12,976
Berkshire
Hills
Bancorp,
Inc.
3,573
76,784
Blue
Foundry
Bancorp*
1,859
17,512
Blue
Ridge
Bankshares,
Inc.
1,464
3,587
Bridgewater
Bancshares,
Inc.*
1,680
19,908
Brookline
Bancorp,
Inc.
7,173
70,080
Burke
&
Herbert
Financial
Services
Corp.(a)
529
28,926
Business
First
Bancshares,
Inc.
1,972
44,271
Byline
Bancorp,
Inc.
2,033
42,368
C&F
Financial
Corp.
262
13,999
Cadence
Bank
14,975
414,508
Cambridge
Bancorp
626
39,601
Camden
National
Corp.
1,173
37,278
Capital
Bancorp,
Inc.
780
16,060
Capital
City
Bank
Group,
Inc.
1,085
30,760
Capitol
Federal
Financial,
Inc.
10,492
60,749
Capstar
Financial
Holdings,
Inc.
1,571
29,456
Carter
Bankshares,
Inc.*
1,864
24,605
Cathay
General
Bancorp
5,713
223,093
Central
Pacific
Financial
Corp.
2,182
40,716
Central
Valley
Community
Bancorp
820
15,326
Chemung
Financial
Corp.
289
12,311
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
117
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
ChoiceOne
Financial
Services,
Inc.
574
$
15,274
Citizens
&
Northern
Corp.
1,229
22,564
Citizens
Financial
Services,
Inc.
313
14,633
City
Holding
Co.
1,223
122,887
Civista
Bancshares,
Inc.
1,270
19,075
CNB
Financial
Corp.
1,686
33,703
Coastal
Financial
Corp.*
888
34,090
Codorus
Valley
Bancorp,
Inc.
766
17,633
Colony
Bankcorp,
Inc.
1,356
15,377
Columbia
Financial,
Inc.*
2,439
40,804
Community
Bank
System,
Inc.
4,378
198,323
Community
Trust
Bancorp,
Inc.
1,277
50,774
ConnectOne
Bancorp,
Inc.
3,008
59,528
CrossFirst
Bankshares,
Inc.*
3,712
47,773
Customers
Bancorp,
Inc.*
2,350
127,629
CVB
Financial
Corp.
10,935
186,114
Dime
Community
Bancshares,
Inc.
2,873
53,840
Eagle
Bancorp,
Inc.
2,421
57,668
Eastern
Bankshares,
Inc.
12,735
164,536
Enterprise
Bancorp,
Inc.
788
21,355
Enterprise
Financial
Services
Corp.
2,982
119,041
Equity
Bancshares,
Inc.,
Class
a
A
1,202
38,260
Esquire
Financial
Holdings,
Inc.
565
28,691
ESSA
Bancorp,
Inc.
714
12,395
Evans
Bancorp,
Inc.
431
12,801
Farmers
&
Merchants
Bancorp,
Inc.
1,042
21,048
Farmers
National
Banc
Corp.
2,992
40,332
FB
Financial
Corp.
2,914
103,855
Fidelity
D&D
Bancorp,
Inc.
384
19,177
Financial
Institutions,
Inc.
1,247
22,895
First
Bancorp(a)
14,134
239,995
First
Bancorp
3,271
111,607
First
Bancorp,
Inc.
(The)
803
18,967
First
Bancshares,
Inc.
(The)
2,521
62,596
First
Bank
1,674
22,448
First
Busey
Corp.
4,268
98,420
First
Business
Financial
Services,
Inc.
645
22,756
First
Commonwealth
Financial
Corp.
8,411
109,595
First
Community
Bankshares,
Inc.
1,412
46,794
First
Community
Corp.
606
9,957
First
Financial
Bancorp
7,741
167,980
First
Financial
Bankshares,
Inc.
10,711
331,398
First
Financial
Corp.
939
34,959
First
Foundation,
Inc.
4,206
33,354
First
Interstate
BancSystem,
Inc.,
Class
a
A
6,788
178,660
First
Merchants
Corp.
4,858
161,286
First
Mid
Bancshares,
Inc.
1,828
55,388
First
of
Long
Island
Corp.
(The)
1,750
19,495
First
Western
Financial,
Inc.*
657
9,297
Five
Star
Bancorp
1,049
24,893
Flushing
Financial
Corp.
2,276
29,224
FS
Bancorp,
Inc.
542
18,087
Fulton
Financial
Corp.
13,208
203,403
Investments
Shares
Value
Common
Stocks
(continued)
FVCBankcorp,
Inc.*
1,317
$
15,949
German
American
Bancorp,
Inc.
2,305
72,515
Glacier
Bancorp,
Inc.
9,167
343,029
Great
Southern
Bancorp,
Inc.
728
37,958
Greene
County
Bancorp,
Inc.
574
16,393
Guaranty
Bancshares,
Inc.
672
19,327
Hancock
Whitney
Corp.
7,131
310,912
Hanmi
Financial
Corp.
2,501
37,790
HarborOne
Bancorp,
Inc.
3,369
34,296
HBT
Financial,
Inc.
1,090
20,775
Heartland
Financial
USA,
Inc.
3,474
118,116
Heritage
Commerce
Corp.
4,868
40,356
Heritage
Financial
Corp.
2,849
52,279
Hilltop
Holdings,
Inc.
3,837
118,487
Hingham
Institution
For
Savings
(The)(a)
123
20,662
Home
Bancorp,
Inc.
589
21,646
Home
BancShares,
Inc.
15,677
367,782
HomeStreet,
Inc.
1,488
20,758
HomeTrust
Bancshares,
Inc.
1,208
31,710
Hope
Bancorp,
Inc.
9,484
104,039
Horizon
Bancorp,
Inc.
3,544
42,670
Independent
Bank
Corp.
1,637
40,025
Independent
Bank
Corp.
3,631
189,429
Independent
Bank
Group,
Inc.
2,973
130,009
International
Bancshares
Corp.
4,414
229,042
John
Marshall
Bancorp,
Inc.
1,025
17,938
Kearny
Financial
Corp.
4,602
29,269
Lakeland
Bancorp,
Inc.
5,125
59,860
Lakeland
Financial
Corp.
2,039
129,884
LCNB
Corp.
868
12,221
Live
Oak
Bancshares,
Inc.
2,764
109,786
Macatawa
Bank
Corp.
2,162
21,188
MainStreet
Bancshares,
Inc.
574
10,341
Mercantile
Bank
Corp.
1,289
47,487
Metrocity
Bankshares,
Inc.
1,501
36,474
Metropolitan
Bank
Holding
Corp.*
849
33,289
Mid
Penn
Bancorp,
Inc.
1,167
24,542
Middlefield
Banc
Corp.
645
15,828
Midland
States
Bancorp,
Inc.
1,709
41,614
MidWestOne
Financial
Group,
Inc.
1,168
26,771
MVB
Financial
Corp.
934
19,997
National
Bank
Holdings
Corp.,
Class
a
A
3,027
102,434
National
Bankshares,
Inc.(a)
473
14,791
NBT
Bancorp,
Inc.
3,765
129,478
Nicolet
Bankshares,
Inc.
1,057
83,429
Northeast
Bank
550
29,365
Northeast
Community
Bancorp,
Inc.
1,041
16,229
Northfield
Bancorp,
Inc.
3,295
33,280
Northrim
Bancorp,
Inc.
443
22,030
Northwest
Bancshares,
Inc.
10,472
120,009
Norwood
Financial
Corp.(a)
597
16,483
Oak
Valley
Bancorp
551
13,736
OceanFirst
Financial
Corp.
4,786
72,747
OFG
Bancorp
3,793
137,382
Old
National
Bancorp
24,079
395,618
ULTRAPRO
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
118
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Old
Second
Bancorp,
Inc.
3,566
$
47,891
Orange
County
Bancorp,
Inc.
420
19,312
Origin
Bancorp,
Inc.
2,398
71,556
Orrstown
Financial
Services,
Inc.
839
22,611
Pacific
Premier
Bancorp,
Inc.
7,797
178,239
Park
National
Corp.
1,176
151,128
Parke
Bancorp,
Inc.
858
14,801
Pathward
Financial,
Inc.
2,142
108,899
PCB
Bancorp
896
14,470
Peapack-Gladstone
Financial
Corp.
1,385
33,559
Penns
Woods
Bancorp,
Inc.
562
10,869
Peoples
Bancorp,
Inc.
2,867
80,477
Peoples
Financial
Services
Corp.
564
22,757
Pioneer
Bancorp,
Inc.*
956
8,910
Plumas
Bancorp
449
15,643
Ponce
Financial
Group,
Inc.*
1,599
14,103
Preferred
Bank
1,064
76,448
Premier
Financial
Corp.
2,906
56,318
Primis
Financial
Corp.
1,664
20,550
Princeton
Bancorp,
Inc.
417
12,835
Provident
Financial
Services,
Inc.
6,035
91,008
QCR
Holdings,
Inc.
1,356
77,292
RBB
Bancorp
1,376
23,695
Red
River
Bancshares,
Inc.
396
19,721
Renasant
Corp.
4,536
143,383
Republic
Bancorp,
Inc.,
Class
a
A
699
34,433
S&T
Bancorp,
Inc.
3,133
97,718
Sandy
Spring
Bancorp,
Inc.
3,603
79,194
Seacoast
Banking
Corp.
of
Florida
6,922
167,097
ServisFirst
Bancshares,
Inc.
4,187
264,577
Shore
Bancshares,
Inc.
2,448
27,809
Sierra
Bancorp
1,107
20,601
Simmons
First
National
Corp.,
Class
a
A
10,201
195,859
SmartFinancial,
Inc.
1,302
28,019
South
Plains
Financial,
Inc.
961
25,639
Southern
First
Bancshares,
Inc.*
631
20,791
Southern
Missouri
Bancorp,
Inc.
779
33,404
Southern
States
Bancshares,
Inc.
625
15,538
Southside
Bancshares,
Inc.
2,360
67,638
SouthState
Corp.
6,258
525,922
Stellar
Bancorp,
Inc.
4,000
94,800
Sterling
Bancorp,
Inc.*
1,788
9,012
Stock
Yards
Bancorp,
Inc.
2,229
102,111
Summit
Financial
Group,
Inc.
924
24,930
Texas
Capital
Bancshares,
Inc.*
3,935
230,788
Third
Coast
Bancshares,
Inc.*
1,058
20,282
Timberland
Bancorp,
Inc.
612
16,034
Tompkins
Financial
Corp.
1,138
54,806
Towne
Bank
5,768
156,370
TriCo
Bancshares
2,553
85,296
Triumph
Financial,
Inc.*
1,825
136,875
TrustCo
Bank
Corp.
1,528
41,699
Trustmark
Corp.
4,999
134,273
UMB
Financial
Corp.
3,638
296,897
Investments
Shares
Value
Common
Stocks
(continued)
United
Bankshares,
Inc.
10,756
$
373,126
United
Community
Banks,
Inc.
9,500
247,095
Unity
Bancorp,
Inc.
592
16,209
Univest
Financial
Corp.
2,383
47,708
USCB
Financial
Holdings,
Inc.
864
9,435
Valley
National
Bancorp
35,478
290,565
Veritex
Holdings,
Inc.
4,310
84,605
Virginia
National
Bankshares
Corp.
387
11,773
WaFd,
Inc.
5,606
152,707
Washington
Trust
Bancorp,
Inc.
1,390
35,779
WesBanco,
Inc.
4,741
137,394
West
Bancorp,
Inc.
1,330
23,142
Westamerica
Bancorp
2,126
97,179
WSFS
Financial
Corp.
5,032
213,306
17,823,336
Beverages
—
0.2%
Coca-Cola
Consolidated,
Inc.
392
329,593
Duckhorn
Portfolio,
Inc.
(The)*
3,606
34,293
MGP
Ingredients,
Inc.
1,302
110,904
National
Beverage
Corp.*
1,948
102,543
Primo
Water
Corp.
12,861
208,477
Vita
Coco
Co.,
Inc.
(The)*
2,347
61,257
Zevia
PBC,
Class
a
A*
2,080
3,120
850,187
Biotechnology
—
4.6%
2seventy
bio,
Inc.*(a)
4,125
21,450
4D
Molecular
Therapeutics,
Inc.*
3,281
91,934
89bio,
Inc.*
5,258
60,309
Aadi
Bioscience,
Inc.*
1,329
2,618
ACADIA
Pharmaceuticals,
Inc.*
9,950
231,238
ACELYRIN,
Inc.*
2,721
22,992
Acrivon
Therapeutics,
Inc.*
714
3,470
Actinium
Pharmaceuticals,
Inc.*(a)
2,240
19,107
Adicet
Bio,
Inc.*
2,495
5,863
ADMA
Biologics,
Inc.*
17,503
93,816
Aerovate
Therapeutics,
Inc.*
919
21,210
Agenus,
Inc.*
31,294
20,967
Agios
Pharmaceuticals,
Inc.*
4,561
147,411
Akero
Therapeutics,
Inc.*
4,215
113,763
Aldeyra
Therapeutics,
Inc.*
3,824
13,843
Alector,
Inc.*
5,213
36,335
Alkermes
plc*
13,626
404,556
Allakos,
Inc.*
5,458
8,078
Allogene
Therapeutics,
Inc.*
7,759
38,097
Allovir,
Inc.*
4,181
3,080
Alpine
Immune
Sciences,
Inc.*
2,674
94,178
Altimmune,
Inc.*
4,339
52,502
ALX
Oncology
Holdings,
Inc.*
2,213
32,465
Amicus
Therapeutics,
Inc.*
23,334
299,142
AnaptysBio,
Inc.*
1,537
39,240
Anavex
Life
Sciences
Corp.*(a)
5,935
30,506
Anika
Therapeutics,
Inc.*
1,202
29,185
Annexon,
Inc.*
3,749
20,882
Apogee
Therapeutics,
Inc.*(a)
1,685
58,672
Arbutus
Biopharma
Corp.*
10,401
29,123
Arcellx,
Inc.*
3,150
207,333
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
119
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Arcturus
Therapeutics
Holdings,
Inc.*
1,915
$
74,225
Arcus
Biosciences,
Inc.*
4,416
84,478
Arcutis
Biotherapeutics,
Inc.*(a)
6,494
66,758
Ardelyx,
Inc.*
18,933
176,456
Arrowhead
Pharmaceuticals,
Inc.*
9,511
305,303
ARS
Pharmaceuticals,
Inc.*
2,016
16,874
Astria
Therapeutics,
Inc.*
2,716
38,621
Atara
Biotherapeutics,
Inc.*
7,952
6,187
Aura
Biosciences,
Inc.*
2,279
20,670
Aurinia
Pharmaceuticals,
Inc.*
11,119
63,601
Avid
Bioservices,
Inc.*
5,095
39,130
Avidity
Biosciences,
Inc.*
6,074
111,154
Avita
Medical,
Inc.*
2,064
37,420
Beam
Therapeutics,
Inc.*
5,953
235,084
BioAtla,
Inc.*
3,631
9,804
BioCryst
Pharmaceuticals,
Inc.*
15,565
87,631
Biohaven
Ltd.*
5,618
270,450
Biomea
Fusion,
Inc.*(a)
1,631
28,542
BioVie,
Inc.,
Class
a
A*
992
1,230
Bioxcel
Therapeutics,
Inc.*(a)
1,665
5,295
Bluebird
Bio,
Inc.*
8,788
12,215
Blueprint
Medicines
Corp.*
4,994
467,039
Bridgebio
Pharma,
Inc.*
9,405
321,181
Cabaletta
Bio,
Inc.*
2,827
64,682
CareDx,
Inc.*
4,275
45,486
Caribou
Biosciences,
Inc.*
6,722
53,171
Carisma
Therapeutics,
Inc.(a)
2,189
5,648
Cartesian
Therapeutics,
Inc.*(a)
9,646
7,056
Catalyst
Pharmaceuticals,
Inc.*
8,246
132,183
Celcuity,
Inc.*(a)
1,433
22,297
Celldex
Therapeutics,
Inc.*
3,814
183,301
Century
Therapeutics,
Inc.*
1,922
7,054
Cerevel
Therapeutics
Holdings,
Inc.*
5,741
235,381
Cogent
Biosciences,
Inc.*
6,821
47,747
Coherus
Biosciences,
Inc.*
8,195
18,685
Compass
Therapeutics,
Inc.*
7,492
13,336
Crinetics
Pharmaceuticals,
Inc.*
5,363
219,561
Cue
Biopharma,
Inc.*(a)
2,954
6,129
Cullinan
Oncology,
Inc.*
2,123
39,212
Cytokinetics,
Inc.*
7,647
552,419
Day
One
Biopharmaceuticals,
Inc.*
5,145
86,076
Deciphera
Pharmaceuticals,
Inc.*
4,388
73,236
Denali
Therapeutics,
Inc.*
9,701
191,886
Design
Therapeutics,
Inc.*
2,690
7,478
Disc
Medicine,
Inc.*
735
50,472
Dynavax
Technologies
Corp.*
10,643
134,847
Dyne
Therapeutics,
Inc.*
3,653
98,266
Eagle
Pharmaceuticals,
Inc.*
850
4,981
Editas
Medicine,
Inc.*
6,754
67,945
Emergent
BioSolutions,
Inc.*
4,270
13,792
Enanta
Pharmaceuticals,
Inc.*
1,643
23,610
Entrada
Therapeutics,
Inc.*(a)
1,757
23,245
Erasca,
Inc.*
6,626
15,770
Fate
Therapeutics,
Inc.*
6,960
49,346
Fennec
Pharmaceuticals,
Inc.*
1,492
14,129
Investments
Shares
Value
Common
Stocks
(continued)
FibroGen,
Inc.*
7,580
$
12,962
Foghorn
Therapeutics,
Inc.*(a)
1,670
12,909
Genelux
Corp.*(a)
1,524
11,125
Generation
Bio
Co.*
3,716
9,327
Geron
Corp.*
42,068
84,136
Graphite
Bio,
Inc.*
2,301
7,800
Gritstone
bio,
Inc.*(a)
7,207
20,180
Halozyme
Therapeutics,
Inc.*
10,664
424,534
Heron
Therapeutics,
Inc.*(a)
8,502
22,615
HilleVax,
Inc.*(a)
2,152
39,059
Humacyte,
Inc.*
5,029
21,876
Ideaya
Biosciences,
Inc.*
4,942
220,907
IGM
Biosciences,
Inc.*(a)
1,090
13,767
Immuneering
Corp.,
Class
a
A*(a)
1,838
11,396
ImmunityBio,
Inc.*(a)
10,887
51,495
Immunovant,
Inc.*
4,431
156,724
Inhibrx,
Inc.*
2,820
103,297
Inozyme
Pharma,
Inc.*(a)
3,921
24,938
Insmed,
Inc.*
11,350
314,622
Intellia
Therapeutics,
Inc.*
7,247
232,774
Iovance
Biotherapeutics,
Inc.*
18,835
299,665
Ironwood
Pharmaceuticals,
Inc.,
Class
a
A*
11,385
107,361
iTeos
Therapeutics,
Inc.*
2,035
21,795
Janux
Therapeutics,
Inc.*(a)
1,421
68,748
KalVista
Pharmaceuticals,
Inc.*
2,542
34,698
Karyopharm
Therapeutics,
Inc.*(a)
9,300
10,788
Keros
Therapeutics,
Inc.*
1,848
124,740
Kezar
Life
Sciences,
Inc.*
5,861
6,154
Kiniksa
Pharmaceuticals
Ltd.,
Class
a
A*
2,577
54,478
Kodiak
Sciences,
Inc.*
2,663
16,005
Krystal
Biotech,
Inc.*
1,776
283,219
Kura
Oncology,
Inc.*
5,795
122,159
Kymera
Therapeutics,
Inc.*
3,118
133,139
Larimar
Therapeutics,
Inc.*
2,107
24,230
Lexicon
Pharmaceuticals,
Inc.*(a)
7,606
18,939
Lineage
Cell
Therapeutics,
Inc.*(a)
10,895
11,331
Lyell
Immunopharma,
Inc.*
14,248
41,604
MacroGenics,
Inc.*
4,998
89,664
Madrigal
Pharmaceuticals,
Inc.*
1,215
286,983
MannKind
Corp.*
21,416
88,020
MeiraGTx
Holdings
plc*
2,679
16,529
Merrimack
Pharmaceuticals,
Inc.*
859
12,627
Mersana
Therapeutics,
Inc.*
9,104
49,526
MiMedx
Group,
Inc.*
9,478
77,340
Mineralys
Therapeutics,
Inc.*(a)
1,596
24,546
Mirum
Pharmaceuticals,
Inc.*
2,030
58,281
Monte
Rosa
Therapeutics,
Inc.*(a)
2,506
15,863
Morphic
Holding,
Inc.*
3,017
111,478
Mural
Oncology
plc*
1,364
7,216
Myriad
Genetics,
Inc.*
6,634
138,850
Nkarta,
Inc.*(a)
2,484
30,007
Novavax,
Inc.*(a)
7,821
38,636
Nurix
Therapeutics,
Inc.*
3,907
48,251
Nuvalent,
Inc.,
Class
a
A*
2,182
183,550
ULTRAPRO
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
120
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Nuvectis
Pharma,
Inc.*(a)
612
$
6,040
Ocean
Biomedical,
Inc.*(a)
713
1,255
Olema
Pharmaceuticals,
Inc.*
2,205
27,342
Omega
Therapeutics,
Inc.*(a)
2,001
8,224
Organogenesis
Holdings,
Inc.,
Class
a
A*
5,767
20,588
ORIC
Pharmaceuticals,
Inc.*
3,203
40,806
Outlook
Therapeutics,
Inc.*(a)
12,915
5,641
Ovid
therapeutics,
Inc.*
4,894
16,640
PDS
Biotechnology
Corp.*(a)
2,296
15,131
PepGen,
Inc.*
826
14,001
PMV
Pharmaceuticals,
Inc.*
3,165
5,855
Poseida
Therapeutics,
Inc.,
Class
a
A*
5,579
22,093
Precigen,
Inc.*(a)
11,093
17,083
Prelude
Therapeutics,
Inc.*
1,222
5,255
Prime
Medicine,
Inc.*
3,249
28,039
ProKidney
Corp.,
Class
a
A*(a)
3,695
6,023
Protagonist
Therapeutics,
Inc.*
4,689
142,452
Protalix
BioTherapeutics,
Inc.*(a)
5,446
8,877
Prothena
Corp.
plc*
3,465
95,599
PTC
Therapeutics,
Inc.*
5,917
166,800
Rallybio
Corp.*(a)
2,510
5,836
RAPT
Therapeutics,
Inc.*(a)
2,424
20,774
Recursion
Pharmaceuticals,
Inc.,
Class
a
A*
11,205
150,819
REGENXBIO,
Inc.*
3,376
58,877
Relay
Therapeutics,
Inc.*
7,413
74,278
Reneo
Pharmaceuticals,
Inc.*(a)
1,064
1,756
Replimune
Group,
Inc.*
4,060
34,835
REVOLUTION
Medicines,
Inc.*
11,810
348,159
Rhythm
Pharmaceuticals,
Inc.*
4,218
183,146
Rigel
Pharmaceuticals,
Inc.*
14,051
21,357
Rocket
Pharmaceuticals,
Inc.*
5,152
150,954
Sage
Therapeutics,
Inc.*
4,341
93,245
Sagimet
Biosciences,
Inc.,
Class
a
A*(a)
455
2,789
Sana
Biotechnology,
Inc.*
7,880
79,115
Sangamo
Therapeutics,
Inc.*(a)
12,233
14,190
Savara,
Inc.*
7,419
37,466
Scholar
Rock
Holding
Corp.*
4,555
70,602
Seres
Therapeutics,
Inc.*(a)
7,987
9,105
SpringWorks
Therapeutics,
Inc.*
5,510
271,423
Stoke
Therapeutics,
Inc.*
2,267
17,547
Summit
Therapeutics,
Inc.*(a)
9,515
43,198
Sutro
Biopharma,
Inc.*
4,939
24,250
Syndax
Pharmaceuticals,
Inc.*
5,488
128,639
Tango
Therapeutics,
Inc.*(a)
3,667
40,814
Tenaya
Therapeutics,
Inc.*
3,814
22,693
TG
Therapeutics,
Inc.*
11,386
196,067
Travere
Therapeutics,
Inc.*
5,982
45,224
Turnstone
Biologics
Corp.*(a)
541
2,467
Twist
Bioscience
Corp.*
4,674
183,641
Tyra
Biosciences,
Inc.*(a)
1,148
22,948
UroGen
Pharma
Ltd.*(a)
2,232
40,913
Vanda
Pharmaceuticals,
Inc.*
4,638
20,732
Vaxcyte,
Inc.*
8,596
634,557
Vaxxinity,
Inc.,
Class
a
A*(a)
3,500
2,992
VBI
Vaccines,
Inc.*
1
—
(c)
Investments
Shares
Value
Common
Stocks
(continued)
Vera
Therapeutics,
Inc.,
Class
a
A*
2,776
$
130,694
Veracyte,
Inc.*
5,978
140,782
Vericel
Corp.*
3,909
178,563
Verve
Therapeutics,
Inc.*
4,288
73,110
Vigil
Neuroscience,
Inc.*(a)
1,319
4,590
Viking
Therapeutics,
Inc.*
7,896
608,387
Vir
Biotechnology,
Inc.*
6,876
77,286
Viridian
Therapeutics,
Inc.*
3,510
65,672
Vor
BioPharma,
Inc.*
3,093
7,114
Voyager
Therapeutics,
Inc.*
2,608
21,699
X4
Pharmaceuticals,
Inc.*
10,109
9,812
Xencor,
Inc.*
4,763
109,311
XOMA
Corp.*
600
14,586
Y-mAbs
Therapeutics,
Inc.*(a)
3,020
50,434
Zentalis
Pharmaceuticals,
Inc.*
4,782
71,300
Zura
Bio
Ltd.,
Class
a
A*
1,400
5,152
Zymeworks,
Inc.*
4,454
53,492
17,025,139
Broadline
Retail
—
0.0%(d)
Big
Lots,
Inc.
2,338
12,672
ContextLogic,
Inc.,
Class
a
A*
1,846
11,999
Dillard's,
Inc.,
Class
a
A
286
118,613
Qurate
Retail,
Inc.,
Class
a
B*
109
602
Savers
Value
Village,
Inc.*
2,127
43,050
186,936
Building
Products
—
1.2%
AAON,
Inc.
5,569
467,685
American
Woodmark
Corp.*
1,347
135,023
Apogee
Enterprises,
Inc.
1,817
103,951
AZZ,
Inc.
2,038
148,366
CSW
Industrials,
Inc.
1,267
291,904
Gibraltar
Industries,
Inc.*
2,513
194,632
Griffon
Corp.
3,442
245,759
Insteel
Industries,
Inc.
1,539
56,035
Janus
International
Group,
Inc.*
6,978
100,134
JELD-WEN
Holding,
Inc.*
6,994
127,291
Masonite
International
Corp.*
1,825
237,688
Masterbrand,
Inc.*
10,659
184,507
PGT
Innovations,
Inc.*
4,662
194,732
Quanex
Building
Products
Corp.
2,711
93,746
Resideo
Technologies,
Inc.*
12,036
268,764
Simpson
Manufacturing
Co.,
Inc.
3,527
736,014
UFP
Industries,
Inc.
4,936
565,814
Zurn
Elkay
Water
Solutions
Corp.
12,162
386,144
4,538,189
Capital
Markets
—
0.8%
AlTi
Global,
Inc.*(a)
1,875
10,988
Artisan
Partners
Asset
Management,
Inc.,
Class
a
A
5,049
217,461
AssetMark
Financial
Holdings,
Inc.*
1,806
63,842
B
Riley
Financial,
Inc.(a)
1,679
30,776
Bakkt
Holdings,
Inc.*(a)
5,847
3,391
BGC
Group,
Inc.,
Class
a
A
29,423
204,490
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
121
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Brightsphere
Investment
Group,
Inc.
2,677
$
60,661
Cohen
&
Steers,
Inc.
2,137
157,176
Diamond
Hill
Investment
Group,
Inc.
225
32,553
Donnelley
Financial
Solutions,
Inc.*
2,031
131,121
Fidus
Investment
Corp.
1
13
Forge
Global
Holdings,
Inc.*
9,021
18,764
GCM
Grosvenor,
Inc.,
Class
a
A
3,405
28,840
Hamilton
Lane,
Inc.,
Class
a
A
3,004
345,009
MarketWise,
Inc.
2,646
4,789
Moelis
&
Co.,
Class
a
A
5,490
296,680
Open
Lending
Corp.*
8,176
59,358
P10,
Inc.,
Class
a
A
3,592
33,298
Patria
Investments
Ltd.,
Class
a
A
4,469
66,588
Perella
Weinberg
Partners,
Class
a
A
3,454
47,182
Piper
Sandler
Cos.
1,426
268,473
PJT
Partners,
Inc.,
Class
a
A
1,949
205,425
Silvercrest
Asset
Management
Group,
Inc.,
Class
a
A
776
13,014
StepStone
Group,
Inc.,
Class
a
A
4,432
153,923
StoneX
Group,
Inc.*
2,203
152,580
Value
Line,
Inc.
69
2,974
Victory
Capital
Holdings,
Inc.,
Class
a
A
2,203
84,661
Virtus
Investment
Partners,
Inc.
570
132,422
WisdomTree,
Inc.
11,338
91,384
2,917,836
Chemicals
—
1.1%
AdvanSix,
Inc.
2,141
59,905
American
Vanguard
Corp.
2,219
23,788
Arcadium
Lithium
plc*
84,077
461,583
Aspen
Aerogels,
Inc.*
4,195
72,070
Avient
Corp.
7,432
300,847
Balchem
Corp.
2,628
413,095
Cabot
Corp.
4,554
386,862
Core
Molding
Technologies,
Inc.*
600
11,022
Danimer
Scientific,
Inc.,
Class
a
A*(a)
7,206
9,656
Ecovyst,
Inc.*
7,604
73,379
Hawkins,
Inc.
1,589
111,627
HB
Fuller
Co.
4,446
353,590
Ingevity
Corp.*
3,005
137,268
Innospec,
Inc.
2,050
254,754
Intrepid
Potash,
Inc.*
874
18,424
Koppers
Holdings,
Inc.
1,656
93,763
Kronos
Worldwide,
Inc.
1,816
16,507
LSB
Industries,
Inc.*
4,410
32,458
Mativ
Holdings,
Inc.
4,480
77,818
Minerals
Technologies,
Inc.
2,675
193,563
Origin
Materials,
Inc.*(a)
9,598
5,697
Orion
SA
4,551
102,580
Perimeter
Solutions
SA*
12,539
76,237
PureCycle
Technologies,
Inc.*(a)
9,541
55,242
Quaker
Chemical
Corp.
1,141
228,770
Rayonier
Advanced
Materials,
Inc.*
5,237
17,753
Investments
Shares
Value
Common
Stocks
(continued)
Sensient
Technologies
Corp.
3,461
$
231,472
Stepan
Co.
1,750
156,100
Trinseo
plc
2,875
12,938
Tronox
Holdings
plc
9,618
141,385
Valhi,
Inc.(a)
198
2,699
4,132,852
Commercial
Services
&
Supplies
—
0.9%
ABM
Industries,
Inc.
5,443
224,850
ACCO
Brands
Corp.
7,587
42,335
ACV
Auctions,
Inc.,
Class
a
A*
10,440
185,310
Aris
Water
Solutions,
Inc.,
Class
a
A
2,454
29,546
BrightView
Holdings,
Inc.*
3,400
29,614
Brink's
Co.
(The)
3,793
314,174
Casella
Waste
Systems,
Inc.,
Class
a
A*
4,639
417,974
CECO
Environmental
Corp.*
2,438
55,221
Cimpress
plc*
1,479
144,957
CompX
International,
Inc.
126
2,937
CoreCivic,
Inc.*
9,344
142,309
Deluxe
Corp.
3,576
69,410
Ennis,
Inc.
2,095
42,570
Enviri
Corp.*
6,483
50,956
GEO
Group,
Inc.
(The)*
9,898
121,448
Healthcare
Services
Group,
Inc.*
6,115
78,027
HNI
Corp.
3,796
170,099
Interface,
Inc.,
Class
a
A
4,711
74,057
LanzaTech
Global,
Inc.*(a)
1,695
5,458
Li-Cycle
Holdings
Corp.*(a)
11,452
4,123
Liquidity
Services,
Inc.*
1,894
33,959
Matthews
International
Corp.,
Class
a
A
2,441
70,643
MillerKnoll,
Inc.
6,063
185,225
Montrose
Environmental
Group,
Inc.*
2,292
94,843
NL
Industries,
Inc.
690
3,519
OPENLANE,
Inc.*
8,870
135,445
Performant
Financial
Corp.*
5,526
16,081
Pitney
Bowes,
Inc.
14,416
58,096
Quad/Graphics,
Inc.
2,515
15,065
SP
Plus
Corp.*
1,608
82,667
Steelcase,
Inc.,
Class
a
A
7,613
104,603
UniFirst
Corp.
1,232
207,863
Viad
Corp.*
1,672
62,249
VSE
Corp.
1,075
79,658
3,355,291
Communications
Equipment
—
0.3%
ADTRAN
Holdings,
Inc.
6,410
36,473
Aviat
Networks,
Inc.*
937
33,254
Calix,
Inc.*
4,846
168,980
Cambium
Networks
Corp.*
998
4,242
Clearfield,
Inc.*(a)
1,075
32,433
CommScope
Holding
Co.,
Inc.*
17,201
20,039
Comtech
Telecommunications
Corp.*
2,240
15,143
Digi
International,
Inc.*
2,888
85,369
DZS,
Inc.*(a)
1,787
2,627
Extreme
Networks,
Inc.*
10,369
131,064
ULTRAPRO
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
122
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Harmonic,
Inc.*
9,047
$
118,787
Infinera
Corp.*(a)
16,387
82,263
KVH
Industries,
Inc.*
1,539
7,310
NETGEAR,
Inc.*
2,375
35,601
NetScout
Systems,
Inc.*
5,699
123,383
Ribbon
Communications,
Inc.*
7,294
21,809
Viavi
Solutions,
Inc.*
18,180
173,619
1,092,396
Construction
&
Engineering
—
1.1%
Ameresco,
Inc.,
Class
a
A*
2,642
55,376
API
Group
Corp.*
17,191
602,545
Arcosa,
Inc.
3,987
330,921
Argan,
Inc.
1,040
48,734
Bowman
Consulting
Group
Ltd.,
Class
a
A*
885
28,824
Comfort
Systems
USA,
Inc.
2,908
889,063
Concrete
Pumping
Holdings,
Inc.*
2,104
17,232
Construction
Partners,
Inc.,
Class
a
A*
3,302
158,760
Dycom
Industries,
Inc.*
2,355
297,884
Fluor
Corp.*
11,719
431,259
Granite
Construction,
Inc.
3,624
186,745
Great
Lakes
Dredge
&
Dock
Corp.*
5,386
48,151
IES
Holdings,
Inc.*
672
73,866
INNOVATE
Corp.*(a)
4,457
3,496
Limbach
Holdings,
Inc.*
754
37,127
MYR
Group,
Inc.*
1,350
219,321
Northwest
Pipe
Co.*
809
24,132
Primoris
Services
Corp.
4,364
172,422
Southland
Holdings,
Inc.*(a)
333
1,519
Sterling
Infrastructure,
Inc.*
2,461
262,441
Tutor
Perini
Corp.*
3,488
39,519
3,929,337
Construction
Materials
—
0.2%
Knife
River
Corp.*
4,651
344,593
Summit
Materials,
Inc.,
Class
a
A*
9,816
419,241
United
States
Lime
&
Minerals,
Inc.
168
42,837
806,671
Consumer
Finance
—
0.4%
Atlanticus
Holdings
Corp.*
376
12,464
Bread
Financial
Holdings,
Inc.
4,084
156,336
Consumer
Portfolio
Services,
Inc.*
701
6,190
Encore
Capital
Group,
Inc.*
1,911
91,728
Enova
International,
Inc.*
2,393
151,357
FirstCash
Holdings,
Inc.
3,098
354,721
Green
Dot
Corp.,
Class
a
A*
3,815
31,321
LendingClub
Corp.*
8,922
72,357
LendingTree,
Inc.*
875
34,624
Navient
Corp.
7,068
114,926
Nelnet,
Inc.,
Class
a
A
1,059
90,936
NerdWallet,
Inc.,
Class
a
A*
2,776
46,831
OppFi,
Inc.*(a)
883
3,108
PRA
Group,
Inc.*
3,174
81,128
Investments
Shares
Value
Common
Stocks
(continued)
PROG
Holdings,
Inc.*
3,640
$
112,367
Regional
Management
Corp.
661
15,467
Upstart
Holdings,
Inc.*(a)
6,013
154,835
World
Acceptance
Corp.*
334
40,000
1,570,696
Consumer
Staples
Distribution
&
Retail
—
0.4%
Andersons,
Inc.
(The)
2,644
146,160
Chefs'
Warehouse,
Inc.
(The)*
2,893
109,963
HF
Foods
Group,
Inc.*
3,307
12,434
Ingles
Markets,
Inc.,
Class
a
A
1,155
88,946
Natural
Grocers
by
Vitamin
Cottage,
Inc.
767
12,709
PriceSmart,
Inc.
2,068
174,001
SpartanNash
Co.
2,837
59,776
Sprouts
Farmers
Market,
Inc.*
8,372
522,748
United
Natural
Foods,
Inc.*
4,801
74,944
Village
Super
Market,
Inc.,
Class
a
A
725
19,829
Weis
Markets,
Inc.
1,355
87,994
1,309,504
Containers
&
Packaging
—
0.2%
Greif,
Inc.,
Class
a
A
1,999
128,856
Greif,
Inc.,
Class
a
B
425
27,208
Myers
Industries,
Inc.
3,005
57,786
O-I
Glass,
Inc.*
12,766
216,001
Pactiv
Evergreen,
Inc.
3,289
48,513
Ranpak
Holdings
Corp.,
Class
a
A*
3,561
16,915
TriMas
Corp.
3,407
80,064
575,343
Distributors
—
0.0%(d)
Weyco
Group,
Inc.
488
15,733
Diversified
Consumer
Services
—
0.6%
2U,
Inc.*(a)
6,584
2,967
Adtalem
Global
Education,
Inc.*
3,266
161,667
Carriage
Services,
Inc.,
Class
a
A
1,102
27,352
Chegg,
Inc.*
9,355
83,634
Coursera,
Inc.*
10,696
171,885
Duolingo,
Inc.,
Class
a
A*
2,403
574,317
European
Wax
Center,
Inc.,
Class
a
A*
2,805
39,775
Frontdoor,
Inc.*
6,662
208,920
Graham
Holdings
Co.,
Class
a
B
294
206,485
Laureate
Education,
Inc.
10,765
144,359
Lincoln
Educational
Services
Corp.*
1,944
19,556
Nerdy,
Inc.*
5,136
14,894
OneSpaWorld
Holdings
Ltd.*
6,853
89,363
Perdoceo
Education
Corp.
5,368
95,604
Strategic
Education,
Inc.
1,858
205,848
Stride,
Inc.*
3,487
208,348
Udemy,
Inc.*
7,223
81,620
Universal
Technical
Institute,
Inc.*
2,693
40,503
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
123
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
WW
International,
Inc.*
4,479
$
13,974
2,391,071
Diversified
REITs
—
0.3%
Alexander
&
Baldwin,
Inc.,
REIT
5,960
96,910
Alpine
Income
Property
Trust,
Inc.,
REIT
1,041
16,250
American
Assets
Trust,
Inc.,
REIT
4,009
86,474
Armada
Hoffler
Properties,
Inc.,
REIT
5,537
56,367
Broadstone
Net
Lease,
Inc.,
REIT
15,448
230,330
CTO
Realty
Growth,
Inc.,
REIT
1,846
31,474
Empire
State
Realty
Trust,
Inc.,
Class
a
A,
REIT
10,854
108,214
Essential
Properties
Realty
Trust,
Inc.,
REIT
12,817
306,198
Gladstone
Commercial
Corp.,
REIT
3,266
40,433
Global
Net
Lease,
Inc.,
REIT
15,994
115,317
NexPoint
Diversified
Real
Estate
Trust,
REIT
2,520
15,951
One
Liberty
Properties,
Inc.,
REIT
1,334
27,000
1,130,918
Diversified
Telecommunication
Services
—
0.2%
Anterix,
Inc.*
1,057
41,963
AST
SpaceMobile,
Inc.,
Class
a
A*(a)
6,602
20,928
ATN
International,
Inc.
894
29,985
Bandwidth,
Inc.,
Class
a
A*
1,923
39,498
Cogent
Communications
Holdings,
Inc.
3,598
291,114
Consolidated
Communications
Holdings,
Inc.*
6,299
27,149
Globalstar,
Inc.*
57,548
89,775
IDT
Corp.,
Class
a
B*
1,259
46,847
Liberty
Latin
America
Ltd.,
Class
a
A*
2,892
18,596
Liberty
Latin
America
Ltd.,
Class
a
C*
11,298
73,663
Lumen
Technologies,
Inc.*
82,808
134,149
Ooma,
Inc.*
1,982
20,216
Shenandoah
Telecommunications
Co.
3,991
74,472
908,355
Electric
Utilities
—
0.4%
ALLETE,
Inc.
4,750
269,040
Genie
Energy
Ltd.,
Class
a
B
1,625
29,640
MGE
Energy,
Inc.
2,999
189,507
Otter
Tail
Corp.
3,394
307,021
PNM
Resources,
Inc.
7,046
257,250
Portland
General
Electric
Co.
8,355
335,620
1,388,078
Electrical
Equipment
—
0.8%
Allient,
Inc.
1,062
30,182
Amprius
Technologies,
Inc.*
449
1,459
Investments
Shares
Value
Common
Stocks
(continued)
Array
Technologies,
Inc.*
12,447
$
169,777
Atkore,
Inc.
3,113
527,342
Babcock
&
Wilcox
Enterprises,
Inc.*
4,828
6,180
Blink
Charging
Co.*(a)
4,462
14,189
Bloom
Energy
Corp.,
Class
a
A*(a)
15,828
138,812
Dragonfly
Energy
Holdings
Corp.*(a)
2,401
1,575
Encore
Wire
Corp.
1,234
297,394
Energy
Vault
Holdings,
Inc.*(a)
8,133
13,663
EnerSys
3,392
311,657
Enovix
Corp.*(a)
11,386
111,013
Eos
Energy
Enterprises,
Inc.*(a)
8,837
8,415
ESS
Tech,
Inc.*(a)
7,491
6,507
Fluence
Energy,
Inc.*(a)
4,816
73,637
FTC
Solar,
Inc.*(a)
5,559
2,846
FuelCell
Energy,
Inc.*(a)
37,361
44,460
GrafTech
International
Ltd.
15,922
28,023
LSI
Industries,
Inc.
2,301
33,203
NEXTracker,
Inc.,
Class
a
A*
10,581
595,075
NuScale
Power
Corp.,
Class
a
A*(a)
4,458
13,820
Powell
Industries,
Inc.
752
139,300
Preformed
Line
Products
Co.
204
28,046
SES
AI
Corp.*(a)
10,254
18,150
Shoals
Technologies
Group,
Inc.,
Class
a
A*
14,090
180,775
SKYX
Platforms
Corp.*(a)
5,146
6,638
Stem,
Inc.*(a)
11,698
31,351
SunPower
Corp.*(a)
7,172
22,305
Thermon
Group
Holdings,
Inc.*
2,746
74,938
TPI
Composites,
Inc.*(a)
3,400
9,486
Vicor
Corp.*
1,823
67,889
3,008,107
Electronic
Equipment,
Instruments
&
Components
—
1.6%
908
Devices,
Inc.*
1,801
13,237
Advanced
Energy
Industries,
Inc.
3,092
312,910
Aeva
Technologies,
Inc.*(a)
6,613
6,679
Akoustis
Technologies,
Inc.*(a)
5,742
3,570
Arlo
Technologies,
Inc.*
7,352
76,534
Badger
Meter,
Inc.
2,417
383,554
Bel
Fuse,
Inc.,
Class
a
B
859
44,642
Belden,
Inc.
3,493
297,534
Benchmark
Electronics,
Inc.
2,907
89,274
Climb
Global
Solutions,
Inc.
343
23,314
CTS
Corp.
2,545
113,405
Daktronics,
Inc.*
3,097
26,882
ePlus,
Inc.*
2,184
179,940
Evolv
Technologies
Holdings,
Inc.*(a)
9,373
44,709
Fabrinet*
3,025
652,099
FARO
Technologies,
Inc.*
1,558
34,884
Insight
Enterprises,
Inc.*
2,358
443,304
Iteris,
Inc.*
3,508
18,312
Itron,
Inc.*
3,743
346,901
Kimball
Electronics,
Inc.*
1,968
44,300
Knowles
Corp.*
7,387
120,704
Lightwave
Logic,
Inc.*(a)
9,622
40,509
ULTRAPRO
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
124
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Luna
Innovations,
Inc.*
2,676
$
18,143
Methode
Electronics,
Inc.
2,801
59,661
MicroVision,
Inc.*(a)
15,496
36,571
Mirion
Technologies,
Inc.,
Class
a
A*
16,461
160,989
Napco
Security
Technologies,
Inc.
2,727
122,797
nLight,
Inc.*
3,679
48,673
Novanta,
Inc.*
2,942
508,789
OSI
Systems,
Inc.*
1,324
173,682
PAR
Technology
Corp.*
2,189
95,922
PC
Connection,
Inc.
940
62,397
Plexus
Corp.*
2,257
213,061
Presto
Automation,
Inc.*
302
95
Richardson
Electronics
Ltd.
994
8,737
Rogers
Corp.*
1,424
159,588
Sanmina
Corp.*
4,646
293,627
ScanSource,
Inc.*
2,030
87,757
SmartRent,
Inc.,
Class
a
A*(a)
15,134
43,889
TTM
Technologies,
Inc.*
8,512
126,403
Vishay
Intertechnology,
Inc.
10,597
230,485
Vishay
Precision
Group,
Inc.*
1,018
35,172
Vuzix
Corp.*(a)
4,847
8,191
5,811,826
Energy
Equipment
&
Services
—
1.3%
Archrock,
Inc.
11,424
208,717
Atlas
Energy
Solutions,
Inc.,
Class
a
A(a)
1,461
27,555
Borr
Drilling
Ltd.
18,058
108,709
Bristow
Group,
Inc.,
Class
a
A*
1,939
52,256
Cactus,
Inc.,
Class
a
A
5,310
243,729
ChampionX
Corp.
16,089
499,724
Core
Laboratories,
Inc.
3,852
57,664
Diamond
Offshore
Drilling,
Inc.*
8,358
92,690
DMC
Global,
Inc.*
1,604
26,755
Dril-Quip,
Inc.*
2,798
63,235
Expro
Group
Holdings
NV*
7,358
131,635
Forum
Energy
Technologies,
Inc.*
795
15,908
Helix
Energy
Solutions
Group,
Inc.*
11,823
106,407
Helmerich
&
Payne,
Inc.
8,002
307,197
KLX
Energy
Services
Holdings,
Inc.*
1,039
8,437
Kodiak
Gas
Services,
Inc.
1,302
33,201
Liberty
Energy,
Inc.,
Class
a
A
13,500
288,630
Mammoth
Energy
Services,
Inc.*(a)
1,915
6,971
Nabors
Industries
Ltd.*
752
58,934
Newpark
Resources,
Inc.*
6,273
40,335
Noble
Corp.
plc
9,256
386,993
Oceaneering
International,
Inc.*
8,257
163,158
Oil
States
International,
Inc.*
5,181
27,926
Patterson-UTI
Energy,
Inc.
29,055
336,166
ProFrac
Holding
Corp.,
Class
a
A*(a)
2,133
17,448
ProPetro
Holding
Corp.*
7,935
58,719
Ranger
Energy
Services,
Inc.,
Class
a
A
1,208
12,672
RPC,
Inc.
6,987
51,634
Investments
Shares
Value
Common
Stocks
(continued)
SEACOR
Marine
Holdings,
Inc.*
1,979
$
20,780
Seadrill
Ltd.*
4,152
175,214
Select
Water
Solutions,
Inc.,
Class
a
A
6,560
56,022
Solaris
Oilfield
Infrastructure,
Inc.,
Class
a
A
2,402
20,345
TETRA
Technologies,
Inc.*
10,294
40,147
Tidewater,
Inc.*
3,815
267,164
US
Silica
Holdings,
Inc.*
6,194
71,231
Valaris
Ltd.*
4,965
313,043
Weatherford
International
plc*
5,852
600,474
4,997,825
Entertainment
—
0.2%
Atlanta
Braves
Holdings,
Inc.,
Class
a
A*
826
34,650
Atlanta
Braves
Holdings,
Inc.,
Class
a
C*
3,742
146,387
Cinemark
Holdings,
Inc.*
9,031
157,230
Eventbrite,
Inc.,
Class
a
A*
6,353
35,577
IMAX
Corp.*
3,691
63,227
Lions
Gate
Entertainment
Corp.,
Class
a
A*
4,786
46,472
Lions
Gate
Entertainment
Corp.,
Class
a
B*
9,899
89,883
Loop
Media,
Inc.*(a)
3,152
1,576
Madison
Square
Garden
Entertainment
Corp.,
Class
a
A*
3,265
125,670
Marcus
Corp.
(The)
1,991
29,208
Playstudios,
Inc.*
7,025
16,649
Reservoir
Media,
Inc.*
1,628
11,754
Sphere
Entertainment
Co.*
2,186
94,654
Vivid
Seats,
Inc.,
Class
a
A*
2,006
12,076
865,013
Equity
Real
Estate
Investment
Trusts
(REITs)
—
0.0%(d)
Hudson
Pacific
Properties,
Inc.
11,349
71,953
Financial
Services
—
1.4%
Acacia
Research
Corp.*
3,120
12,605
Alerus
Financial
Corp.
1,472
32,104
A-Mark
Precious
Metals,
Inc.
1,561
40,102
AvidXchange
Holdings,
Inc.*
12,272
163,095
Banco
Latinoamericano
de
Comercio
Exterior
SA,
Class
a
E
2,260
63,212
Cannae
Holdings,
Inc.*
5,641
123,087
Cantaloupe,
Inc.*
4,710
30,615
Cass
Information
Systems,
Inc.
1,125
54,360
Compass
Diversified
Holdings
5,189
119,347
Enact
Holdings,
Inc.
2,433
67,443
Essent
Group
Ltd.
8,613
461,398
EVERTEC,
Inc.
5,370
194,018
Federal
Agricultural
Mortgage
Corp.,
Class
a
C
748
133,795
Finance
of
America
Cos.,
Inc.,
Class
a
A*
4,386
3,791
Flywire
Corp.*
8,731
247,873
I3
Verticals,
Inc.,
Class
a
A*
1,850
39,423
International
Money
Express,
Inc.*
2,629
51,791
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
125
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Jackson
Financial,
Inc.,
Class
a
A
6,808
$
374,780
Marqeta,
Inc.,
Class
a
A*
39,452
257,622
Merchants
Bancorp
1,303
55,847
Mr
Cooper
Group,
Inc.*
5,299
377,713
NewtekOne,
Inc.
1,915
22,099
NMI
Holdings,
Inc.,
Class
a
A*
6,645
199,882
Ocwen
Financial
Corp.*
528
13,770
Pagseguro
Digital
Ltd.,
Class
a
A*
16,314
227,091
Payoneer
Global,
Inc.*
21,771
105,807
Paysafe
Ltd.*
2,666
38,389
Paysign,
Inc.*
2,682
8,207
PennyMac
Financial
Services,
Inc.
2,098
178,183
Priority
Technology
Holdings,
Inc.*
1,449
4,796
Radian
Group,
Inc.
12,933
376,868
Remitly
Global,
Inc.*
10,936
225,500
Repay
Holdings
Corp.,
Class
a
A*
6,814
59,214
Security
National
Financial
Corp.,
Class
a
A*
1,035
8,922
StoneCo
Ltd.,
Class
a
A*
23,916
411,594
SWK
Holdings
Corp.*
304
5,034
Velocity
Financial,
Inc.*
720
11,772
Walker
&
Dunlop,
Inc.
2,613
249,228
Waterstone
Financial,
Inc.
1,444
18,267
5,068,644
Food
Products
—
0.5%
Alico,
Inc.
586
16,238
B&G
Foods,
Inc.(a)
5,842
67,475
Benson
Hill,
Inc.*(a)
14,225
3,521
Beyond
Meat,
Inc.*(a)
4,872
52,082
BRC,
Inc.,
Class
a
A*(a)
3,213
13,270
Calavo
Growers,
Inc.
1,422
41,039
Cal-Maine
Foods,
Inc.
3,374
193,971
Dole
plc
5,875
69,384
Forafric
Global
plc*(a)
437
4,562
Fresh
Del
Monte
Produce,
Inc.
2,798
66,956
Hain
Celestial
Group,
Inc.
(The)*(a)
7,347
73,470
J
&
J
Snack
Foods
Corp.
1,235
179,174
John
B
Sanfilippo
&
Son,
Inc.
737
75,447
Lancaster
Colony
Corp.
1,606
332,313
Limoneira
Co.(a)
1,436
26,508
Mission
Produce,
Inc.*
3,982
42,010
Seneca
Foods
Corp.,
Class
a
A*
431
21,834
Simply
Good
Foods
Co.
(The)*
7,460
264,681
Sovos
Brands,
Inc.*
4,540
103,467
SunOpta,
Inc.*
7,698
54,117
Tootsie
Roll
Industries,
Inc.
1
18
TreeHouse
Foods,
Inc.*
4,231
151,427
Utz
Brands,
Inc.
5,917
104,672
Vital
Farms,
Inc.*
2,509
45,087
Westrock
Coffee
Co.*(a)
2,332
23,600
2,026,323
Gas
Utilities
—
0.5%
Brookfield
Infrastructure
Corp.,
Class
a
A(a)
9,850
326,725
Chesapeake
Utilities
Corp.
1,747
178,246
Investments
Shares
Value
Common
Stocks
(continued)
New
Jersey
Resources
Corp.
7,989
$
332,422
Northwest
Natural
Holding
Co.
2,950
108,383
ONE
Gas,
Inc.
4,537
270,405
RGC
Resources,
Inc.
657
12,325
Southwest
Gas
Holdings,
Inc.
5,077
345,998
Spire,
Inc.
4,235
251,220
1,825,724
Ground
Transportation
—
0.3%
ArcBest
Corp.
1,955
279,291
Covenant
Logistics
Group,
Inc.,
Class
a
A
684
33,297
Daseke,
Inc.*
3,375
27,844
FTAI
Infrastructure,
Inc.
8,128
37,226
Heartland
Express,
Inc.
3,849
49,190
Marten
Transport
Ltd.
4,773
89,971
PAM
Transportation
Services,
Inc.*
508
9,408
RXO,
Inc.*
9,550
205,516
Universal
Logistics
Holdings,
Inc.
556
18,810
Werner
Enterprises,
Inc.
5,203
208,849
959,402
Health
Care
Equipment
&
Supplies
—
1.5%
Accuray,
Inc.*(a)
7,746
20,140
Alphatec
Holdings,
Inc.*
7,574
101,719
AngioDynamics,
Inc.*
3,146
17,272
Artivion,
Inc.*
3,234
62,416
AtriCure,
Inc.*
3,824
133,725
Atrion
Corp.
114
41,951
Avanos
Medical,
Inc.*
3,799
70,547
Axogen,
Inc.*
3,338
35,249
Axonics,
Inc.*
4,087
277,671
Beyond
Air,
Inc.*(a)
2,219
4,549
Butterfly
Network,
Inc.*(a)
11,635
13,846
Cerus
Corp.*
14,569
31,760
ClearPoint
Neuro,
Inc.*
1,882
12,026
CONMED
Corp.
2,518
202,246
Cutera,
Inc.*(a)
1,505
3,371
CVRx,
Inc.*
914
17,942
Embecta
Corp.
4,746
67,773
Glaukos
Corp.*
3,894
344,969
Haemonetics
Corp.*
4,120
300,678
Inari
Medical,
Inc.*
4,392
202,559
Inmode
Ltd.*
6,361
139,942
Inogen,
Inc.*
1,914
12,728
Integer
Holdings
Corp.*
2,727
300,761
iRadimed
Corp.
600
25,182
iRhythm
Technologies,
Inc.*
2,520
298,998
KORU
Medical
Systems,
Inc.*
2,820
5,978
Lantheus
Holdings,
Inc.*
5,588
365,343
LeMaitre
Vascular,
Inc.
1,623
113,610
LivaNova
plc*
4,456
244,233
Merit
Medical
Systems,
Inc.*
4,672
356,006
Neogen
Corp.*
17,900
307,701
Nevro
Corp.*
2,915
42,442
Omnicell,
Inc.*
3,692
96,878
OraSure
Technologies,
Inc.*
5,912
42,537
ULTRAPRO
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
126
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Orchestra
BioMed
Holdings,
Inc.*(a)
1,198
$
7,715
Orthofix
Medical,
Inc.*
2,888
37,717
OrthoPediatrics
Corp.*
1,302
35,753
Outset
Medical,
Inc.*
4,104
12,928
Paragon
28,
Inc.*
3,606
45,003
PROCEPT
BioRobotics
Corp.*
3,313
160,150
Pulmonx
Corp.*
3,012
27,771
Pulse
Biosciences,
Inc.*(a)
1,327
13,111
RxSight,
Inc.*
2,334
127,366
Sanara
Medtech,
Inc.*(a)
317
12,059
Semler
Scientific,
Inc.*
377
17,783
SI-BONE,
Inc.*
3,266
56,665
Sight
Sciences,
Inc.*
1,775
7,135
Silk
Road
Medical,
Inc.*
3,154
56,740
STAAR
Surgical
Co.*
3,991
124,679
Surmodics,
Inc.*
1,132
36,111
Tactile
Systems
Technology,
Inc.*
1,912
29,158
Tela
Bio,
Inc.*
1,329
8,984
TransMedics
Group,
Inc.*
2,606
212,650
Treace
Medical
Concepts,
Inc.*
3,713
49,903
UFP
Technologies,
Inc.*
583
121,445
Utah
Medical
Products,
Inc.
281
19,721
Varex
Imaging
Corp.*
3,186
54,799
Vicarious
Surgical,
Inc.,
Class
a
A*
8,220
3,489
Zimvie,
Inc.*
2,121
35,951
Zynex,
Inc.*(a)
1,498
20,313
5,649,847
Health
Care
Providers
&
Services
—
1.4%
23andMe
Holding
Co.,
Class
a
A*
24,993
14,246
Accolade,
Inc.*
5,570
57,093
AdaptHealth
Corp.,
Class
a
A*
7,859
80,398
Addus
HomeCare
Corp.*
1,286
118,672
Agiliti,
Inc.*
2,434
24,024
AirSculpt
Technologies,
Inc.*(a)
1,001
6,316
Alignment
Healthcare,
Inc.*
6,989
41,934
AMN
Healthcare
Services,
Inc.*
3,131
176,181
Astrana
Health,
Inc.*
3,518
158,451
Aveanna
Healthcare
Holdings,
Inc.*
4,159
9,857
Brookdale
Senior
Living,
Inc.*
15,313
87,590
CareMax,
Inc.*
206
1,584
Castle
Biosciences,
Inc.*
2,039
36,824
Community
Health
Systems,
Inc.*
10,324
28,804
CorVel
Corp.*
716
174,704
Cross
Country
Healthcare,
Inc.*
2,826
51,631
DocGo,
Inc.*
6,387
25,995
Enhabit,
Inc.*
4,136
37,224
Ensign
Group,
Inc.
(The)
4,481
559,767
Fulgent
Genetics,
Inc.*
1,682
37,946
Guardant
Health,
Inc.*
9,276
176,244
HealthEquity,
Inc.*
6,905
570,422
Hims
&
Hers
Health,
Inc.*
10,039
130,909
InfuSystem
Holdings,
Inc.*
1,492
13,801
Innovage
Holding
Corp.*
1,554
7,521
Joint
Corp.
(The)*
1,168
11,517
Investments
Shares
Value
Common
Stocks
(continued)
LifeStance
Health
Group,
Inc.*(a)
8,718
$
72,795
ModivCare,
Inc.*
1,046
29,330
Nano-X
Imaging
Ltd.*(a)
3,917
43,714
National
HealthCare
Corp.
1,027
101,324
National
Research
Corp.
1,183
47,699
NeoGenomics,
Inc.*
10,464
163,238
OPKO
Health,
Inc.*(a)
33,120
33,120
Option
Care
Health,
Inc.*
13,771
444,390
Owens
&
Minor,
Inc.*
6,099
148,389
P3
Health
Partners,
Inc.*(a)
3,349
3,483
Patterson
Cos.,
Inc.
7,057
191,174
Pediatrix
Medical
Group,
Inc.*
6,913
63,254
Pennant
Group,
Inc.
(The)*
2,342
43,678
PetIQ,
Inc.,
Class
a
A*
2,244
40,863
Privia
Health
Group,
Inc.*
9,250
206,460
Progyny,
Inc.*
6,527
238,366
Quipt
Home
Medical
Corp.*
3,366
14,440
RadNet,
Inc.*
4,948
187,331
Select
Medical
Holdings
Corp.
8,538
232,490
Surgery
Partners,
Inc.*
6,210
192,696
US
Physical
Therapy,
Inc.
1,223
129,968
Viemed
Healthcare,
Inc.*
2,805
23,730
5,291,587
Health
Care
REITs
—
0.3%
CareTrust
REIT,
Inc.,
REIT
8,232
185,714
Community
Healthcare
Trust,
Inc.,
REIT
2,193
59,518
Diversified
Healthcare
Trust,
REIT
19,630
64,386
Global
Medical
REIT,
Inc.,
REIT
5,011
44,848
LTC
Properties,
Inc.,
REIT
3,368
105,957
National
Health
Investors,
Inc.,
REIT
3,431
197,180
Sabra
Health
Care
REIT,
Inc.,
REIT
19,023
264,039
Universal
Health
Realty
Income
Trust,
REIT
1,057
40,991
962,633
Health
Care
Technology
—
0.2%
American
Well
Corp.,
Class
a
A*
20,448
22,084
Computer
Programs
and
Systems,
Inc.*
1,173
10,393
Definitive
Healthcare
Corp.,
Class
a
A*
3,811
36,281
Evolent
Health,
Inc.,
Class
a
A*
9,047
306,784
Health
Catalyst,
Inc.*
4,642
38,621
HealthStream,
Inc.
1,980
54,014
Multiplan
Corp.*
31,602
35,394
OptimizeRx
Corp.*
1,328
21,022
Phreesia,
Inc.*
4,352
107,712
Schrodinger,
Inc.*
4,475
113,934
Sharecare,
Inc.*
25,322
23,803
Simulations
Plus,
Inc.
1,302
54,033
824,075
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
127
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Hotel
&
Resort
REITs
—
0.5%
Apple
Hospitality
REIT,
Inc.,
REIT
17,719
$
285,099
Braemar
Hotels
&
Resorts,
Inc.,
REIT
5,387
12,282
Chatham
Lodging
Trust,
REIT
3,961
40,402
DiamondRock
Hospitality
Co.,
REIT
17,279
162,422
Pebblebrook
Hotel
Trust,
REIT
9,771
154,773
RLJ
Lodging
Trust,
REIT
12,733
151,141
Ryman
Hospitality
Properties,
Inc.,
REIT
4,796
568,230
Service
Properties
Trust,
REIT
13,554
92,167
Summit
Hotel
Properties,
Inc.,
REIT
8,612
55,289
Sunstone
Hotel
Investors,
Inc.,
REIT
17,119
191,562
Xenia
Hotels
&
Resorts,
Inc.,
REIT
8,824
135,360
1,848,727
Hotels,
Restaurants
&
Leisure
—
1.3%
Accel
Entertainment,
Inc.,
Class
a
A*
4,381
49,637
Bally's
Corp.*
2,421
27,212
Biglari
Holdings,
Inc.,
Class
a
B*
59
10,219
BJ's
Restaurants,
Inc.*
1,868
65,417
Bloomin'
Brands,
Inc.
7,201
195,723
Bowlero
Corp.,
Class
a
A(a)
1,385
17,243
Brinker
International,
Inc.*
3,605
167,056
Carrols
Restaurant
Group,
Inc.
3,017
28,571
Century
Casinos,
Inc.*
2,258
6,571
Cheesecake
Factory,
Inc.
(The)
3,987
141,060
Chuy's
Holdings,
Inc.*
1,484
50,204
Cracker
Barrel
Old
Country
Store,
Inc.(a)
1,815
120,026
Dave
&
Buster's
Entertainment,
Inc.*
2,971
183,430
Denny's
Corp.*
4,214
38,895
Dine
Brands
Global,
Inc.
1,271
61,656
El
Pollo
Loco
Holdings,
Inc.*
2,284
20,693
Everi
Holdings,
Inc.*
6,935
82,249
First
Watch
Restaurant
Group,
Inc.*
1,825
45,716
Full
House
Resorts,
Inc.*
2,700
13,851
Global
Business
Travel
Group
I*(a)
2,650
15,900
Golden
Entertainment,
Inc.
1,662
61,594
Hilton
Grand
Vacations,
Inc.*
6,606
296,477
Inspired
Entertainment,
Inc.*
1,782
17,642
International
Game
Technology
plc
8,923
242,438
Jack
in
the
Box,
Inc.
1,665
121,545
Krispy
Kreme,
Inc.(a)
7,192
93,065
Kura
Sushi
USA,
Inc.,
Class
a
A*
479
45,519
Life
Time
Group
Holdings,
Inc.*
3,669
50,412
Light
&
Wonder,
Inc.*
7,506
754,428
Lindblad
Expeditions
Holdings,
Inc.*
2,871
26,614
Monarch
Casino
&
Resort,
Inc.
1,107
77,877
Investments
Shares
Value
Common
Stocks
(continued)
Mondee
Holdings,
Inc.,
Class
a
A*(a)
3,727
$
8,386
Nathan's
Famous,
Inc.
233
16,368
Noodles
&
Co.,
Class
a
A*
3,298
8,278
ONE
Group
Hospitality,
Inc.
(The)*
1,805
7,058
Papa
John's
International,
Inc.
2,702
194,247
PlayAGS,
Inc.*
3,032
28,137
Portillo's,
Inc.,
Class
a
A*
3,723
54,095
Potbelly
Corp.*
2,142
29,731
RCI
Hospitality
Holdings,
Inc.
719
40,523
Red
Robin
Gourmet
Burgers,
Inc.*
1,303
9,746
Red
Rock
Resorts,
Inc.,
Class
a
A
3,911
226,799
Rush
Street
Interactive,
Inc.*
5,308
31,052
Sabre
Corp.*
27,212
72,112
Shake
Shack,
Inc.,
Class
a
A*
3,105
330,124
Six
Flags
Entertainment
Corp.*
5,935
150,393
Super
Group
SGHC
Ltd.*
11,204
36,973
Sweetgreen,
Inc.,
Class
a
A*
7,936
101,105
Target
Hospitality
Corp.*(a)
2,568
24,858
United
Parks
&
Resorts,
Inc.*
2,988
153,434
Xponential
Fitness,
Inc.,
Class
a
A*
2,068
20,845
4,673,204
Household
Durables
—
1.4%
Beazer
Homes
USA,
Inc.*
2,421
75,850
Cavco
Industries,
Inc.*
719
267,878
Century
Communities,
Inc.
2,339
201,832
Cricut,
Inc.,
Class
a
A
3,929
18,977
Dream
Finders
Homes,
Inc.,
Class
a
A*
1,991
77,908
Ethan
Allen
Interiors,
Inc.
1,876
62,715
GoPro,
Inc.,
Class
a
A*
10,363
24,249
Green
Brick
Partners,
Inc.*
2,142
125,307
Helen
of
Troy
Ltd.*
1,953
244,125
Hooker
Furnishings
Corp.
876
21,471
Hovnanian
Enterprises,
Inc.,
Class
a
A*
400
62,664
Installed
Building
Products,
Inc.
1,948
465,436
iRobot
Corp.*(a)
2,252
25,695
KB
Home
5,857
389,080
Landsea
Homes
Corp.*
1,659
22,596
La-Z-Boy,
Inc.
3,568
135,548
Legacy
Housing
Corp.*
815
20,962
LGI
Homes,
Inc.*
1,711
195,208
Lovesac
Co.
(The)*
1,153
26,565
M/I
Homes,
Inc.*
2,213
281,029
MDC
Holdings,
Inc.
4,929
309,048
Meritage
Homes
Corp.
2,993
471,876
Purple
Innovation,
Inc.,
Class
a
A
4,500
8,370
Skyline
Champion
Corp.*
4,402
368,844
Snap
One
Holdings
Corp.*(a)
1,503
12,445
Sonos,
Inc.*
10,437
197,886
Taylor
Morrison
Home
Corp.,
Class
a
A*
8,515
482,034
Traeger,
Inc.*
2,914
6,469
Tri
Pointe
Homes,
Inc.*
7,904
279,644
United
Homes
Group,
Inc.*(a)
443
3,092
ULTRAPRO
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
128
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Vizio
Holding
Corp.,
Class
a
A*
6,307
$
69,440
VOXX
International
Corp.,
Class
a
A*
973
8,270
Worthington
Enterprises,
Inc.
2,529
157,101
5,119,614
Household
Products
—
0.2%
Central
Garden
&
Pet
Co.*
792
34,745
Central
Garden
&
Pet
Co.,
Class
a
A*
4,241
159,843
Energizer
Holdings,
Inc.
5,887
168,074
Oil-Dri
Corp.
of
America
403
28,730
WD-40
Co.
1,116
299,523
690,915
Independent
Power
and
Renewable
Electricity
Producers
—
0.1%
Altus
Power,
Inc.,
Class
a
A*
5,249
35,746
Montauk
Renewables,
Inc.*
5,474
31,092
Ormat
Technologies,
Inc.
4,393
286,204
Sunnova
Energy
International,
Inc.*(a)
8,732
63,569
416,611
Industrial
Conglomerates
—
0.0%(d)
Brookfield
Business
Corp.,
Class
a
A
2,135
48,806
Industrial
REITs
—
0.3%
Innovative
Industrial
Properties,
Inc.,
REIT
2,295
224,887
LXP
Industrial
Trust,
REIT
23,809
206,186
Plymouth
Industrial
REIT,
Inc.,
REIT
3,628
78,256
Terreno
Realty
Corp.,
REIT
6,812
438,011
947,340
Insurance
—
1.1%
Ambac
Financial
Group,
Inc.*
3,635
59,469
American
Coastal
Insurance
Corp.*(a)
1,612
22,471
American
Equity
Investment
Life
Holding
Co.*
6,460
358,788
AMERISAFE,
Inc.
1,567
82,675
BRP
Group,
Inc.,
Class
a
A*
4,948
137,653
CNO
Financial
Group,
Inc.
9,204
245,655
Crawford
&
Co.,
Class
a
A
1,191
13,947
Donegal
Group,
Inc.,
Class
a
A
1,281
17,934
eHealth,
Inc.*
2,302
15,193
Employers
Holdings,
Inc.
2,108
96,357
Enstar
Group
Ltd.*
980
301,781
F&G
Annuities
&
Life,
Inc.
1,538
58,106
Fidelis
Insurance
Holdings
Ltd.*
1,245
18,625
Genworth
Financial,
Inc.,
Class
a
A*
37,978
233,565
GoHealth,
Inc.,
Class
a
A*
342
4,603
Goosehead
Insurance,
Inc.,
Class
a
A*
1,771
133,976
Greenlight
Capital
Re
Ltd.,
Class
a
A*
2,122
26,801
HCI
Group,
Inc.
530
51,739
Investments
Shares
Value
Common
Stocks
(continued)
Hippo
Holdings,
Inc.*(a)
875
$
12,294
Horace
Mann
Educators
Corp.
3,378
122,250
Investors
Title
Co.
100
15,542
James
River
Group
Holdings
Ltd.
3,042
30,389
Kingsway
Financial
Services,
Inc.*
896
7,903
Lemonade,
Inc.*(a)
4,166
67,656
Maiden
Holdings
Ltd.*
7,452
10,060
MBIA,
Inc.
3,756
24,527
Mercury
General
Corp.
2,203
107,264
National
Western
Life
Group,
Inc.,
Class
a
A
186
90,318
NI
Holdings,
Inc.*
677
9,478
Oscar
Health,
Inc.,
Class
a
A*
12,953
210,616
Palomar
Holdings,
Inc.*
2,003
152,508
ProAssurance
Corp.
4,282
52,797
Safety
Insurance
Group,
Inc.
1,181
97,031
Selective
Insurance
Group,
Inc.
4,949
517,071
Selectquote,
Inc.*
11,203
21,734
SiriusPoint
Ltd.*
5,741
70,442
Skyward
Specialty
Insurance
Group,
Inc.*
1,959
71,680
Stewart
Information
Services
Corp.
2,201
138,619
Tiptree,
Inc.,
Class
a
A
1,972
34,530
Trupanion,
Inc.*(a)
3,251
86,964
United
Fire
Group,
Inc.
1,727
40,222
Universal
Insurance
Holdings,
Inc.
1,997
40,319
3,911,552
Interactive
Media
&
Services
—
0.4%
Bumble,
Inc.,
Class
a
A*
8,315
95,207
Cargurus,
Inc.,
Class
a
A*
8,035
177,895
Cars.com,
Inc.*
5,467
100,265
DHI
Group,
Inc.*
3,514
9,945
EverQuote,
Inc.,
Class
a
A*
1,762
28,227
fuboTV,
Inc.*
23,265
48,158
Grindr,
Inc.*(a)
3,368
27,887
MediaAlpha,
Inc.,
Class
a
A*
1,857
38,533
Nextdoor
Holdings,
Inc.*
11,952
26,175
Outbrain,
Inc.*
3,371
12,405
QuinStreet,
Inc.*
4,341
63,509
Shutterstock,
Inc.
2,026
98,788
System1,
Inc.*(a)
2,686
4,486
TrueCar,
Inc.*
7,353
25,588
Vimeo,
Inc.*
12,504
59,894
Yelp,
Inc.,
Class
a
A*
5,472
210,344
Ziff
Davis,
Inc.*
3,802
261,425
ZipRecruiter,
Inc.,
Class
a
A*
5,558
70,698
1,359,429
IT
Services
—
0.3%
Applied
Digital
Corp.*(a)
6,735
27,950
BigBear.ai
Holdings,
Inc.*(a)
2,404
8,077
BigCommerce
Holdings,
Inc.,
Series
1*
5,521
42,788
Brightcove,
Inc.*
3,584
7,939
Couchbase,
Inc.*
2,857
80,225
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
129
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
DigitalOcean
Holdings,
Inc.*
5,210
$
197,563
Fastly,
Inc.,
Class
a
A*
9,924
141,119
Grid
Dynamics
Holdings,
Inc.*
4,627
62,418
Hackett
Group,
Inc.
(The)
2,055
50,800
Information
Services
Group,
Inc.
2,883
12,483
Perficient,
Inc.*
2,820
182,933
Rackspace
Technology,
Inc.*
5,194
10,959
Squarespace,
Inc.,
Class
a
A*
4,148
138,046
Thoughtworks
Holding,
Inc.*
7,604
23,725
Tucows,
Inc.,
Class
a
A*(a)
816
15,422
Unisys
Corp.*
5,461
28,343
1,030,790
Leisure
Products
—
0.2%
Acushnet
Holdings
Corp.
2,533
163,176
AMMO,
Inc.*
7,406
17,626
Clarus
Corp.
2,405
13,853
Escalade,
Inc.(a)
818
12,131
Funko,
Inc.,
Class
a
A*
2,929
20,620
JAKKS
Pacific,
Inc.*
606
21,277
Johnson
Outdoors,
Inc.,
Class
a
A
444
20,406
Latham
Group,
Inc.*
3,189
10,811
Malibu
Boats,
Inc.,
Class
a
A*
1,670
72,879
Marine
Products
Corp.
692
7,930
MasterCraft
Boat
Holdings,
Inc.*
1,395
30,592
Smith
&
Wesson
Brands,
Inc.
3,757
51,584
Solo
Brands,
Inc.,
Class
a
A*
1,631
4,404
Sturm
Ruger
&
Co.,
Inc.
1,436
62,208
Topgolf
Callaway
Brands
Corp.*
11,826
168,402
Vista
Outdoor,
Inc.*
4,747
148,106
826,005
Life
Sciences
Tools
&
Services
—
0.2%
Adaptive
Biotechnologies
Corp.*
9,326
38,330
Akoya
Biosciences,
Inc.*
1,904
10,929
BioLife
Solutions,
Inc.*
2,857
48,283
Codexis,
Inc.*
5,723
26,612
CryoPort,
Inc.*
3,554
62,799
Cytek
Biosciences,
Inc.*
9,953
76,638
Harvard
Bioscience,
Inc.*
3,328
14,410
MaxCyte,
Inc.*
7,176
33,010
Mesa
Laboratories,
Inc.
424
46,297
Nautilus
Biotechnology,
Inc.,
Class
a
A*
4,146
11,153
OmniAb,
Inc.*
7,656
44,711
Pacific
Biosciences
of
California,
Inc.*
20,699
114,465
Quanterix
Corp.*
2,894
69,340
Quantum-Si,
Inc.*(a)
8,354
13,951
Seer,
Inc.,
Class
a
A*
4,813
8,760
619,688
Machinery
—
2.0%
374Water,
Inc.*(a)
5,066
6,738
3D
Systems
Corp.*
10,733
44,435
Alamo
Group,
Inc.
830
167,901
Albany
International
Corp.,
Class
a
A
2,570
241,246
Astec
Industries,
Inc.
1,867
75,800
Barnes
Group,
Inc.
4,025
140,633
Investments
Shares
Value
Common
Stocks
(continued)
Blue
Bird
Corp.*
2,080
$
70,387
Chart
Industries,
Inc.*
3,531
504,439
Columbus
McKinnon
Corp.
2,317
96,781
Commercial
Vehicle
Group,
Inc.*
2,672
17,475
Desktop
Metal,
Inc.,
Class
a
A*(a)
23,036
14,091
Douglas
Dynamics,
Inc.
1,854
46,535
Energy
Recovery,
Inc.*
4,578
71,554
Enerpac
Tool
Group
Corp.,
Class
a
A
4,484
151,156
Enpro,
Inc.
1,722
268,322
ESCO
Technologies,
Inc.
2,105
214,478
Federal
Signal
Corp.
4,925
403,407
Franklin
Electric
Co.,
Inc.
3,796
394,632
Gencor
Industries,
Inc.*
866
14,194
Gorman-Rupp
Co.
(The)
1,881
70,218
Greenbrier
Cos.,
Inc.
(The)
2,509
129,841
Helios
Technologies,
Inc.
2,724
120,265
Hillenbrand,
Inc.
5,759
273,840
Hillman
Solutions
Corp.*
16,042
156,249
Hyliion
Holdings
Corp.*
12,122
22,062
Hyster-Yale
Materials
Handling,
Inc.
914
53,816
John
Bean
Technologies
Corp.
2,616
265,472
Kadant,
Inc.
960
323,808
Kennametal,
Inc.
6,628
167,291
Lindsay
Corp.
910
108,572
Luxfer
Holdings
plc
2,195
21,774
Manitowoc
Co.,
Inc.
(The)*
2,863
39,910
Mayville
Engineering
Co.,
Inc.*
922
11,285
Microvast
Holdings,
Inc.*(a)
17,655
15,189
Miller
Industries,
Inc.
914
41,139
Mueller
Industries,
Inc.
9,213
473,364
Mueller
Water
Products,
Inc.,
Class
a
A
12,754
198,325
Nikola
Corp.*(a)
51,067
38,004
Omega
Flex,
Inc.
269
18,736
Park-Ohio
Holdings
Corp.
703
18,883
Proto
Labs,
Inc.*
2,165
78,871
REV
Group,
Inc.
2,602
53,705
Shyft
Group,
Inc.
(The)
2,777
28,631
SPX
Technologies,
Inc.*
3,628
425,165
Standex
International
Corp.
969
167,637
Tennant
Co.
1,522
172,275
Terex
Corp.
5,466
313,475
Titan
International,
Inc.*
4,307
54,957
Trinity
Industries,
Inc.
6,671
169,310
Velo3D,
Inc.*(a)
7,470
2,040
Wabash
National
Corp.
3,785
103,255
Watts
Water
Technologies,
Inc.,
Class
a
A
2,247
458,276
7,539,844
Marine
Transportation
—
0.2%
Costamare,
Inc.
3,816
43,388
Eagle
Bulk
Shipping,
Inc.(a)
759
46,504
Genco
Shipping
&
Trading
Ltd.
3,459
70,564
Golden
Ocean
Group
Ltd.
10,113
130,154
Himalaya
Shipping
Ltd.*
2,317
18,281
Matson,
Inc.
2,837
315,049
ULTRAPRO
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
130
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Pangaea
Logistics
Solutions
Ltd.
2,991
$
25,064
Safe
Bulkers,
Inc.
5,448
25,279
674,283
Media
—
0.4%
Advantage
Solutions,
Inc.*
7,134
27,181
AMC
Networks,
Inc.,
Class
a
A*
2,537
32,829
Boston
Omaha
Corp.,
Class
a
A*
1,927
31,622
Cardlytics,
Inc.*
3,002
24,887
Clear
Channel
Outdoor
Holdings,
Inc.*
30,804
52,983
Daily
Journal
Corp.*
110
37,241
EchoStar
Corp.,
Class
a
A*
10,000
131,100
Emerald
Holding,
Inc.*
1,283
6,877
Entravision
Communications
Corp.,
Class
a
A
4,942
19,027
EW
Scripps
Co.
(The),
Class
a
A*
4,887
19,695
Gambling.com
Group
Ltd.*
1,259
11,532
Gannett
Co.,
Inc.*
11,847
25,234
Gray
Television,
Inc.
6,943
40,547
iHeartMedia,
Inc.,
Class
a
A*
8,528
23,623
Integral
Ad
Science
Holding
Corp.*
3,988
41,316
John
Wiley
&
Sons,
Inc.,
Class
a
A
2,995
99,883
Magnite,
Inc.*
11,117
133,626
PubMatic,
Inc.,
Class
a
A*
3,512
73,541
Scholastic
Corp.
2,200
86,768
Sinclair,
Inc.
2,698
40,065
Stagwell,
Inc.,
Class
a
A*
6,592
35,201
TechTarget,
Inc.*
2,088
66,210
TEGNA,
Inc.
16,593
232,468
Thryv
Holdings,
Inc.*
2,546
53,313
Townsquare
Media,
Inc.,
Class
a
A
958
10,193
Urban
One,
Inc.*
936
2,724
Urban
One,
Inc.,
Class
a
A*
743
2,459
WideOpenWest,
Inc.*
4,109
16,436
1,378,581
Metals
&
Mining
—
1.0%
5E
Advanced
Materials,
Inc.*(a)
3,227
5,841
Alpha
Metallurgical
Resources,
Inc.
949
358,010
Arch
Resources,
Inc.
1,479
244,464
ATI,
Inc.*
10,597
521,160
Caledonia
Mining
Corp.
plc
1,348
13,332
Carpenter
Technology
Corp.
4,020
259,893
Century
Aluminum
Co.*
4,321
45,241
Coeur
Mining,
Inc.*
27,205
70,461
Commercial
Metals
Co.
9,627
519,858
Compass
Minerals
International,
Inc.
2,814
64,159
Constellium
SE,
Class
a
A*
10,587
205,282
Contango
ORE,
Inc.*(a)
641
10,852
Dakota
Gold
Corp.*
4,617
9,788
Haynes
International,
Inc.
1,028
61,094
Hecla
Mining
Co.
50,213
177,754
i-80
Gold
Corp.*
15,863
19,987
Ivanhoe
Electric,
Inc.*
5,189
38,399
Investments
Shares
Value
Common
Stocks
(continued)
Kaiser
Aluminum
Corp.
1,311
$
95,074
Materion
Corp.
1,689
226,867
Metallus,
Inc.*
3,573
77,713
NioCorp
Developments
Ltd.*
171
446
Novagold
Resources,
Inc.*
19,865
49,265
Olympic
Steel,
Inc.
811
55,164
Perpetua
Resources
Corp.*(a)
3,102
8,965
Piedmont
Lithium,
Inc.*
1,474
21,461
Radius
Recycling,
Inc.,
Class
a
A
2,125
41,990
Ramaco
Resources,
Inc.,
Class
a
A
1,829
32,154
Ramaco
Resources,
Inc.,
Class
a
B(a)
371
4,452
Ryerson
Holding
Corp.
2,312
73,013
SunCoke
Energy,
Inc.
6,866
73,535
Tredegar
Corp.
2,192
9,535
Warrior
Met
Coal,
Inc.
4,251
242,180
Worthington
Steel,
Inc.*
2,529
80,068
3,717,457
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.6%
AFC
Gamma,
Inc.
1,346
15,479
Angel
Oak
Mortgage
REIT,
Inc.
970
10,156
Apollo
Commercial
Real
Estate
Finance,
Inc.
11,667
130,787
Arbor
Realty
Trust,
Inc.(a)
15,127
202,702
Ares
Commercial
Real
Estate
Corp.
4,271
32,203
ARMOUR
Residential
REIT,
Inc.
(a)
4,040
79,992
Blackstone
Mortgage
Trust,
Inc.,
Class
a
A(a)
14,159
288,419
BrightSpire
Capital,
Inc.,
Class
a
A
10,586
73,149
Chicago
Atlantic
Real
Estate
Finance,
Inc.
1,343
21,877
Chimera
Investment
Corp.
18,690
81,488
Claros
Mortgage
Trust,
Inc.
7,456
72,174
Dynex
Capital,
Inc.
4,637
57,221
Ellington
Financial,
Inc.
6,174
69,951
Franklin
BSP
Realty
Trust,
Inc.
6,831
88,188
Granite
Point
Mortgage
Trust,
Inc.
4,198
19,899
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc.
8,696
218,878
Invesco
Mortgage
Capital,
Inc.
3,693
33,351
KKR
Real
Estate
Finance
Trust,
Inc.
4,839
47,180
Ladder
Capital
Corp.,
Class
a
A
9,306
100,598
MFA
Financial,
Inc.
8,406
94,315
New
York
Mortgage
Trust,
Inc.
7,477
53,909
Nexpoint
Real
Estate
Finance,
Inc.
662
9,295
Orchid
Island
Capital,
Inc.(a)
4,323
37,178
PennyMac
Mortgage
Investment
Trust
7,144
100,945
Ready
Capital
Corp.
13,160
116,203
Redwood
Trust,
Inc.
9,358
57,365
TPG
RE
Finance
Trust,
Inc.
5,674
42,442
Two
Harbors
Investment
Corp.
7,991
101,246
2,256,590
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
131
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Multi-Utilities
—
0.2%
Avista
Corp.
6,301
$
209,193
Black
Hills
Corp.
5,546
288,558
Northwestern
Energy
Group,
Inc.
5,067
242,811
Unitil
Corp.
1,311
66,809
807,371
Office
REITs
—
0.4%
Brandywine
Realty
Trust,
REIT
13,982
60,123
City
Office
REIT,
Inc.,
REIT
3,201
14,661
COPT
Defense
Properties,
REIT
9,267
224,539
Douglas
Emmett,
Inc.,
REIT
13,253
175,205
Easterly
Government
Properties,
Inc.,
Class
a
A,
REIT
7,875
92,925
Equity
Commonwealth,
REIT*
8,388
157,946
JBG
SMITH
Properties,
REIT
8,333
138,161
Office
Properties
Income
Trust,
REIT
3,955
10,560
Orion
Office
REIT,
Inc.,
REIT
4,695
16,479
Paramount
Group,
Inc.,
REIT
15,201
67,340
Peakstone
Realty
Trust,
REIT(a)
2,973
40,938
Piedmont
Office
Realty
Trust,
Inc.,
Class
a
A,
REIT
10,147
63,622
Postal
Realty
Trust,
Inc.,
Class
a
A,
REIT
1,677
24,015
SL
Green
Realty
Corp.,
REIT(a)
5,324
258,107
1,344,621
Oil,
Gas
&
Consumable
Fuels
—
2.5%
Amplify
Energy
Corp.*
2,980
17,999
Ardmore
Shipping
Corp.
3,429
55,653
Berry
Corp.
6,192
43,654
California
Resources
Corp.
5,724
298,621
Callon
Petroleum
Co.*
5,035
156,891
Centrus
Energy
Corp.,
Class
a
A*
1,009
41,157
Chord
Energy
Corp.
3,439
558,666
Civitas
Resources,
Inc.
6,645
456,379
Clean
Energy
Fuels
Corp.*
13,934
41,105
CNX
Resources
Corp.*
12,872
269,668
Comstock
Resources,
Inc.
7,551
64,561
CONSOL
Energy,
Inc.
2,512
215,580
Crescent
Energy
Co.,
Class
a
A(a)
6,334
70,814
CVR
Energy,
Inc.
2,434
80,760
Delek
US
Holdings,
Inc.
5,288
134,895
DHT
Holdings,
Inc.
11,269
121,931
Dorian
LPG
Ltd.
2,833
102,413
Empire
Petroleum
Corp.*(a)
1,072
6,357
Encore
Energy
Corp.*(a)
12,051
46,517
Energy
Fuels,
Inc.*(a)
12,907
81,701
Enviva,
Inc.*(a)
2,570
1,027
Equitrans
Midstream
Corp.
35,894
383,707
Evolution
Petroleum
Corp.
2,550
14,943
Excelerate
Energy,
Inc.,
Class
a
A
1,488
23,362
FLEX
LNG
Ltd.
2,448
61,787
FutureFuel
Corp.
2,147
12,732
Gevo,
Inc.*(a)
19,202
17,120
Golar
LNG
Ltd.
8,231
167,007
Granite
Ridge
Resources,
Inc.(a)
2,800
17,220
Investments
Shares
Value
Common
Stocks
(continued)
Green
Plains,
Inc.*
4,779
$
101,793
Gulfport
Energy
Corp.*
921
130,773
Hallador
Energy
Co.*
1,876
14,258
HighPeak
Energy,
Inc.(a)
989
16,388
International
Seaways,
Inc.
3,338
176,680
Kinetik
Holdings,
Inc.,
Class
a
A(a)
1,496
52,839
Kosmos
Energy
Ltd.*
37,511
230,318
Magnolia
Oil
&
Gas
Corp.,
Class
a
A
14,743
334,371
Matador
Resources
Co.
9,313
588,116
Murphy
Oil
Corp.
12,213
484,490
NACCO
Industries,
Inc.,
Class
a
A
345
11,464
NextDecade
Corp.*(a)
6,414
29,440
Nordic
American
Tankers
Ltd.
16,863
68,632
Northern
Oil
&
Gas,
Inc.
7,233
258,435
Overseas
Shipholding
Group,
Inc.,
Class
a
A
5,076
30,862
Par
Pacific
Holdings,
Inc.*
4,540
163,985
PBF
Energy,
Inc.,
Class
a
A
9,171
428,286
Peabody
Energy
Corp.
9,397
232,764
Permian
Resources
Corp.,
Class
a
A
32,084
499,227
PrimeEnergy
Resources
Corp.*
59
5,832
REX
American
Resources
Corp.*
1,275
56,074
Riley
Exploration
Permian,
Inc.
728
17,217
Ring
Energy,
Inc.*(a)
9,847
14,081
SandRidge
Energy,
Inc.
2,622
34,191
Scorpio
Tankers,
Inc.
3,924
263,418
SFL
Corp.
Ltd.
9,460
126,386
SilverBow
Resources,
Inc.*
1,732
49,171
Sitio
Royalties
Corp.,
Class
a
A
6,753
154,103
SM
Energy
Co.
9,713
425,138
Talos
Energy,
Inc.*
11,148
147,042
Teekay
Corp.*
5,089
38,524
Teekay
Tankers
Ltd.,
Class
a
A
1,963
107,612
Tellurian,
Inc.*(a)
45,415
36,055
Uranium
Energy
Corp.*
31,067
201,314
VAALCO
Energy,
Inc.
8,852
39,480
Verde
Clean
Fuels,
Inc.*
50
212
Vertex
Energy,
Inc.*(a)
5,364
7,241
Vital
Energy,
Inc.*
1,920
96,634
Vitesse
Energy,
Inc.
2,060
46,824
W&T
Offshore,
Inc.
8,073
24,380
World
Kinect
Corp.
4,912
119,656
9,427,933
Paper
&
Forest
Products
—
0.1%
Clearwater
Paper
Corp.*
1,341
52,688
Glatfelter
Corp.*(a)
3,634
8,104
Sylvamo
Corp.
2,942
177,726
238,518
Passenger
Airlines
—
0.2%
Allegiant
Travel
Co.
1,298
94,468
Blade
Air
Mobility,
Inc.*
4,944
15,722
Frontier
Group
Holdings,
Inc.*(a)
3,167
21,979
Hawaiian
Holdings,
Inc.*
4,186
59,065
JetBlue
Airways
Corp.*
27,617
178,958
Joby
Aviation,
Inc.*(a)
22,900
128,698
SkyWest,
Inc.*
3,327
213,660
ULTRAPRO
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
132
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Spirit
Airlines,
Inc.(a)
9,016
$
58,153
Sun
Country
Airlines
Holdings,
Inc.*
3,098
46,470
817,173
Personal
Care
Products
—
0.6%
Beauty
Health
Co.
(The)*
6,720
22,378
BellRing
Brands,
Inc.*
10,841
617,395
Edgewell
Personal
Care
Co.
4,142
158,183
elf
Beauty,
Inc.*
4,434
924,622
Herbalife
Ltd.*
8,119
71,691
Inter
Parfums,
Inc.
1,508
221,254
Medifast,
Inc.
882
35,359
Nature's
Sunshine
Products,
Inc.*
1,084
19,241
Nu
Skin
Enterprises,
Inc.,
Class
a
A
4,095
51,187
USANA
Health
Sciences,
Inc.*
936
45,171
Waldencast
plc,
Class
a
A*(a)
2,962
19,786
2,186,267
Pharmaceuticals
—
1.0%
Aclaris
Therapeutics,
Inc.*
5,702
6,785
Amneal
Pharmaceuticals,
Inc.*
10,009
55,250
Amphastar
Pharmaceuticals,
Inc.*
3,163
147,301
Amylyx
Pharmaceuticals,
Inc.*
4,171
78,623
ANI
Pharmaceuticals,
Inc.*
1,193
80,730
Arvinas,
Inc.*
4,031
185,345
Assertio
Holdings,
Inc.*
7,286
6,440
Atea
Pharmaceuticals,
Inc.*
6,295
27,131
Axsome
Therapeutics,
Inc.*
2,926
238,118
Biote
Corp.,
Class
a
A*
1,150
6,843
Bright
Green
Corp.*(a)
5,100
1,271
Cara
Therapeutics,
Inc.*(a)
3,840
3,265
Cassava
Sciences,
Inc.*(a)
3,266
75,053
Citius
Pharmaceuticals,
Inc.*(a)
10,091
7,753
Collegium
Pharmaceutical,
Inc.*
2,846
104,477
Corcept
Therapeutics,
Inc.*
6,590
154,865
CorMedix,
Inc.*(a)
4,512
15,973
Cymabay
Therapeutics,
Inc.*
9,297
299,270
Edgewise
Therapeutics,
Inc.*
3,512
57,351
Enliven
Therapeutics,
Inc.*(a)
1,918
30,630
Evolus,
Inc.*
3,401
50,437
Eyenovia,
Inc.*(a)
2,469
5,345
EyePoint
Pharmaceuticals,
Inc.*
2,194
59,699
Harmony
Biosciences
Holdings,
Inc.*
2,647
84,969
Harrow,
Inc.*(a)
2,490
26,954
Ikena
Oncology,
Inc.*
2,542
3,635
Innoviva,
Inc.*
4,896
74,811
Intra-Cellular
Therapies,
Inc.*
7,694
534,887
Ligand
Pharmaceuticals,
Inc.*
1,382
109,662
Liquidia
Corp.*(a)
3,895
55,153
Longboard
Pharmaceuticals,
Inc.*
1,278
28,346
Marinus
Pharmaceuticals,
Inc.*
4,165
39,568
Neumora
Therapeutics,
Inc.*(a)
1,223
21,562
NGM
Biopharmaceuticals,
Inc.*(a)
3,578
5,439
Investments
Shares
Value
Common
Stocks
(continued)
Nuvation
Bio,
Inc.*
11,962
$
22,369
Ocular
Therapeutix,
Inc.*
6,562
66,014
Omeros
Corp.*(a)
4,999
22,496
Optinose,
Inc.*
5,987
10,657
Pacira
BioSciences,
Inc.*
3,741
111,183
Phathom
Pharmaceuticals,
Inc.*(a)
2,632
28,162
Phibro
Animal
Health
Corp.,
Class
a
A
1,681
21,735
Pliant
Therapeutics,
Inc.*
4,692
74,462
Prestige
Consumer
Healthcare,
Inc.*
4,093
284,791
Revance
Therapeutics,
Inc.*
7,185
51,301
Scilex
Holding
Co.*
4,873
11,062
scPharmaceuticals,
Inc.*(a)
2,371
14,273
SIGA
Technologies,
Inc.
3,783
19,709
Supernus
Pharmaceuticals,
Inc.*
4,036
119,869
Taro
Pharmaceutical
Industries
Ltd.*
671
28,229
Tarsus
Pharmaceuticals,
Inc.*
2,355
90,008
Terns
Pharmaceuticals,
Inc.*
3,519
25,759
Theravance
Biopharma,
Inc.*(a)
4,231
40,068
Third
Harmonic
Bio,
Inc.*(a)
1,599
16,214
Trevi
Therapeutics,
Inc.*
3,460
10,103
Ventyx
Biosciences,
Inc.*(a)
3,843
27,208
Verrica
Pharmaceuticals,
Inc.*(a)
1,715
9,038
WaVe
Life
Sciences
Ltd.*
4,856
23,357
Xeris
Biopharma
Holdings,
Inc.*
10,924
33,591
Zevra
Therapeutics,
Inc.*(a)
2,987
20,132
3,864,731
Professional
Services
—
1.4%
Alight,
Inc.,
Class
a
A*
34,046
306,755
ASGN,
Inc.*
3,887
386,057
Asure
Software,
Inc.*
1,878
17,503
Barrett
Business
Services,
Inc.
542
66,119
BlackSky
Technology,
Inc.,
Class
a
A*(a)
9,815
13,937
CBIZ,
Inc.*
3,938
297,437
Conduent,
Inc.*
14,135
48,624
CRA
International,
Inc.
558
73,957
CSG
Systems
International,
Inc.
2,599
141,802
ExlService
Holdings,
Inc.*
13,286
413,460
Exponent,
Inc.
4,163
336,745
First
Advantage
Corp.
4,442
69,562
FiscalNote
Holdings,
Inc.*(a)
4,904
8,092
Forrester
Research,
Inc.*
963
19,424
Franklin
Covey
Co.*
954
36,424
Heidrick
&
Struggles
International,
Inc.
1,627
55,318
HireQuest,
Inc.(a)
441
5,909
HireRight
Holdings
Corp.*
1,131
16,026
Huron
Consulting
Group,
Inc.*
1,564
153,475
IBEX
Holdings
Ltd.*
766
12,225
ICF
International,
Inc.
1,538
238,159
Innodata,
Inc.*(a)
2,126
15,732
Insperity,
Inc.
2,922
297,430
Kelly
Services,
Inc.,
Class
a
A
2,568
62,993
Kforce,
Inc.
1,575
109,683
Korn
Ferry
4,288
272,974
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
133
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Legalzoom.com,
Inc.*
9,733
$
120,689
Maximus,
Inc.
4,999
418,216
Mistras
Group,
Inc.*
1,711
14,800
NV5
Global,
Inc.*
1,142
116,153
Planet
Labs
PBC*
14,392
31,519
Resources
Connection,
Inc.
2,664
36,843
Skillsoft
Corp.*
358
4,368
Sterling
Check
Corp.*
2,577
40,382
TriNet
Group,
Inc.*
2,631
336,794
TrueBlue,
Inc.*
2,498
29,352
TTEC
Holdings,
Inc.
1,598
27,885
Upwork,
Inc.*
10,275
134,603
Verra
Mobility
Corp.,
Class
a
A*
11,471
248,003
Willdan
Group,
Inc.*
1,001
20,901
5,056,330
Real
Estate
Management
&
Development
—
0.4%
American
Realty
Investors,
Inc.*(a)
123
2,380
Anywhere
Real
Estate,
Inc.*
8,858
55,540
Compass,
Inc.,
Class
a
A*
23,387
92,379
Cushman
&
Wakefield
plc*
13,648
136,344
DigitalBridge
Group,
Inc.
13,295
244,229
Douglas
Elliman,
Inc.
6,655
12,245
eXp
World
Holdings,
Inc.(a)
5,858
76,740
Forestar
Group,
Inc.*
1,506
50,782
FRP
Holdings,
Inc.*
542
32,628
Kennedy-Wilson
Holdings,
Inc.
9,835
86,351
Marcus
&
Millichap,
Inc.
1,949
71,509
Maui
Land
&
Pineapple
Co.,
Inc.*
619
12,114
Newmark
Group,
Inc.,
Class
a
A
11,280
121,711
Opendoor
Technologies,
Inc.*
45,653
140,611
RE/MAX
Holdings,
Inc.,
Class
a
A
1,436
12,249
Redfin
Corp.*
8,984
63,831
RMR
Group,
Inc.
(The),
Class
a
A
1,265
30,955
St
Joe
Co.
(The)
2,829
152,398
Star
Holdings*
1,065
13,153
Stratus
Properties,
Inc.*
462
10,095
Tejon
Ranch
Co.*
1,722
28,637
Transcontinental
Realty
Investors,
Inc.*
105
4,081
1,450,962
Residential
REITs
—
0.2%
Apartment
Investment
and
Management
Co.,
Class
a
A,
REIT*
12,016
88,678
BRT
Apartments
Corp.,
REIT
963
14,907
Centerspace,
REIT
1,240
68,932
Clipper
Realty,
Inc.,
REIT
940
4,399
Elme
Communities,
REIT
7,223
93,032
Independence
Realty
Trust,
Inc.,
REIT
18,542
271,455
NexPoint
Residential
Trust,
Inc.,
REIT
1,878
54,856
UMH
Properties,
Inc.,
REIT
4,917
75,722
Veris
Residential,
Inc.,
REIT
6,501
94,915
766,896
Investments
Shares
Value
Common
Stocks
(continued)
Retail
REITs
—
0.6%
Acadia
Realty
Trust,
REIT
7,680
$
125,875
Alexander's,
Inc.,
REIT
175
38,684
CBL
&
Associates
Properties,
Inc.,
REIT(a)
2,211
50,986
Getty
Realty
Corp.,
REIT
3,922
103,384
InvenTrust
Properties
Corp.,
REIT
5,585
141,021
Kite
Realty
Group
Trust,
REIT
17,892
383,068
Macerich
Co.
(The),
REIT
17,760
291,442
NETSTREIT
Corp.,
REIT
5,682
95,514
Phillips
Edison
&
Co.,
Inc.,
REIT
9,695
346,305
Retail
Opportunity
Investments
Corp.,
REIT
10,114
130,774
Saul
Centers,
Inc.,
REIT
955
34,561
SITE
Centers
Corp.,
REIT
15,664
212,717
Tanger,
Inc.,
REIT
8,397
241,918
Urban
Edge
Properties,
REIT
9,440
160,574
Whitestone
REIT,
REIT
3,996
49,231
2,406,054
Semiconductors
&
Semiconductor
Equipment
—
1.7%
ACM
Research,
Inc.,
Class
a
A*
3,953
122,227
Aehr
Test
Systems*
2,269
36,916
Alpha
&
Omega
Semiconductor
Ltd.*
1,905
41,719
Ambarella,
Inc.*
3,115
173,973
Amkor
Technology,
Inc.
9,250
286,935
Atomera,
Inc.*(a)
1,839
11,586
Axcelis
Technologies,
Inc.*
2,680
301,955
CEVA,
Inc.*
1,911
43,265
Cohu,
Inc.*
3,836
123,251
Credo
Technology
Group
Holding
Ltd.*
9,424
202,993
Diodes,
Inc.*
3,710
252,206
FormFactor,
Inc.*
6,342
272,896
Ichor
Holdings
Ltd.*
2,343
100,280
Impinj,
Inc.*
1,918
209,484
indie
Semiconductor,
Inc.,
Class
a
A*
12,372
76,583
inTEST
Corp.*
962
11,236
Kulicke
&
Soffa
Industries,
Inc.
4,561
217,195
MACOM
Technology
Solutions
Holdings,
Inc.*
4,469
394,747
Maxeon
Solar
Technologies
Ltd.*
2,415
9,684
MaxLinear,
Inc.,
Class
a
A*
6,250
121,500
Navitas
Semiconductor
Corp.,
Class
a
A*
8,985
55,168
NVE
Corp.
392
32,767
Onto
Innovation,
Inc.*
4,025
741,244
PDF
Solutions,
Inc.*
2,516
85,519
Photronics,
Inc.*
5,015
144,382
Power
Integrations,
Inc.
4,669
333,647
Rambus,
Inc.*
8,961
530,850
Semtech
Corp.*
5,254
111,385
Silicon
Laboratories,
Inc.*
2,611
359,117
SiTime
Corp.*
1,430
132,275
SkyWater
Technology,
Inc.*(a)
1,508
17,432
ULTRAPRO
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
134
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
SMART
Global
Holdings,
Inc.*
3,970
$
84,442
Synaptics,
Inc.*
3,243
324,624
Transphorm,
Inc.*(a)
2,412
11,602
Ultra
Clean
Holdings,
Inc.*
3,654
157,853
Veeco
Instruments,
Inc.*
4,177
151,249
6,284,187
Software
—
3.4%
8x8,
Inc.*
9,865
27,918
A10
Networks,
Inc.
5,801
77,211
ACI
Worldwide,
Inc.*
8,914
293,360
Adeia,
Inc.
8,791
99,690
Agilysys,
Inc.*
1,646
128,059
Alarm.com
Holdings,
Inc.*
3,936
297,916
Alkami
Technology,
Inc.*
3,295
82,210
Altair
Engineering,
Inc.,
Class
a
A*
4,463
379,712
American
Software,
Inc.,
Class
a
A
2,654
29,778
Amplitude,
Inc.,
Class
a
A*
5,563
65,977
Appfolio,
Inc.,
Class
a
A*
1,577
381,776
Appian
Corp.,
Class
a
A*
3,371
117,479
Asana,
Inc.,
Class
a
A*
6,677
131,537
Aurora
Innovation,
Inc.,
Class
a
A*
27,798
70,607
AvePoint,
Inc.*
12,200
97,600
Bit
Digital,
Inc.*(a)
7,237
18,816
Blackbaud,
Inc.*
3,579
247,595
BlackLine,
Inc.*
4,680
265,496
Box,
Inc.,
Class
a
A*
11,584
298,751
Braze,
Inc.,
Class
a
A*
4,305
244,955
C3.ai,
Inc.,
Class
a
A*(a)
6,685
247,144
Cerence,
Inc.*
3,312
49,349
Cipher
Mining,
Inc.*(a)
3,453
10,221
Cleanspark,
Inc.*
12,299
205,639
Clear
Secure,
Inc.,
Class
a
A
6,753
129,995
CommVault
Systems,
Inc.*
3,622
346,662
Consensus
Cloud
Solutions,
Inc.*
1,611
25,647
CoreCard
Corp.*
595
7,592
CS
Disco,
Inc.*
1,856
12,361
CXApp,
Inc.*
178
530
Digimarc
Corp.*
1,166
40,880
Digital
Turbine,
Inc.*
7,862
24,923
Domo,
Inc.,
Class
a
B*
2,615
30,099
E2open
Parent
Holdings,
Inc.*
13,954
59,025
eGain
Corp.*
1,711
10,488
Enfusion,
Inc.,
Class
a
A*
3,100
26,877
Envestnet,
Inc.*
4,115
212,046
Everbridge,
Inc.*
3,343
94,507
EverCommerce,
Inc.*
1,920
18,797
Expensify,
Inc.,
Class
a
A*
4,534
9,431
Freshworks,
Inc.,
Class
a
A*
13,313
272,118
Instructure
Holdings,
Inc.*
1,603
36,741
Intapp,
Inc.*
2,277
89,327
InterDigital,
Inc.
2,172
232,447
Jamf
Holding
Corp.*
5,808
104,486
Kaltura,
Inc.*
6,921
9,205
LivePerson,
Inc.*
6,445
8,185
LiveRamp
Holdings,
Inc.*
5,405
189,067
Marathon
Digital
Holdings,
Inc.*
17,494
453,095
Matterport,
Inc.*
20,980
44,478
Investments
Shares
Value
Common
Stocks
(continued)
MeridianLink,
Inc.*
2,157
$
40,897
MicroStrategy,
Inc.,
Class
a
A*(a)
1,003
1,025,909
Mitek
Systems,
Inc.*
3,577
41,529
Model
N,
Inc.*
3,123
76,701
N-able,
Inc.*
5,747
77,412
NextNav,
Inc.*(a)
4,552
19,483
Olo,
Inc.,
Class
a
A*
8,497
49,453
ON24,
Inc.
2,552
17,915
OneSpan,
Inc.*
3,292
31,636
PagerDuty,
Inc.*
7,445
179,871
PowerSchool
Holdings,
Inc.,
Class
a
A*
4,604
96,178
Progress
Software
Corp.
3,576
190,815
PROS
Holdings,
Inc.*
3,673
131,310
Q2
Holdings,
Inc.*
4,677
216,218
Qualys,
Inc.*
3,056
525,204
Rapid7,
Inc.*
4,981
291,787
Red
Violet,
Inc.*
914
16,324
Rimini
Street,
Inc.*
4,292
13,863
Riot
Platforms,
Inc.*
15,627
220,653
Sapiens
International
Corp.
NV
2,523
77,633
SEMrush
Holdings,
Inc.,
Class
a
A*
2,573
32,111
SolarWinds
Corp.*
4,185
49,969
SoundHound
AI,
Inc.,
Class
a
A*(a)
11,336
84,113
SoundThinking,
Inc.*
781
13,582
Sprinklr,
Inc.,
Class
a
A*
8,676
113,048
Sprout
Social,
Inc.,
Class
a
A*
3,925
242,644
SPS
Commerce,
Inc.*
3,015
558,257
Tenable
Holdings,
Inc.*
9,383
451,885
Terawulf,
Inc.*(a)
12,155
22,791
Varonis
Systems,
Inc.,
Class
a
B*
8,933
453,796
Verint
Systems,
Inc.*
5,133
162,254
Veritone,
Inc.*(a)
2,174
4,978
Viant
Technology,
Inc.,
Class
a
A*
1,205
10,953
Weave
Communications,
Inc.*
2,744
34,382
Workiva,
Inc.,
Class
a
A*
4,086
351,886
Xperi,
Inc.*
3,568
39,105
Yext,
Inc.*
8,792
52,049
Zeta
Global
Holdings
Corp.,
Class
a
A*
11,416
119,868
Zuora,
Inc.,
Class
a
A*
10,929
88,306
12,584,573
Specialized
REITs
—
0.2%
Farmland
Partners,
Inc.,
REIT(a)
3,671
43,318
Four
Corners
Property
Trust,
Inc.,
REIT
7,436
179,802
Gladstone
Land
Corp.,
REIT
2,754
35,830
Outfront
Media,
Inc.,
REIT
12,126
174,251
PotlatchDeltic
Corp.,
REIT
6,502
293,955
Safehold,
Inc.,
REIT
3,998
80,440
Uniti
Group,
Inc.,
REIT
19,575
114,709
922,305
Specialty
Retail
—
1.6%
1-800-Flowers.com,
Inc.,
Class
a
A*
2,138
22,278
Aaron's
Co.,
Inc.
(The)
2,474
19,173
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
135
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Abercrombie
&
Fitch
Co.,
Class
a
A*
4,010
$
512,318
Academy
Sports
&
Outdoors,
Inc.
5,944
444,136
American
Eagle
Outfitters,
Inc.
15,016
356,630
America's
Car-Mart,
Inc.*
481
32,391
Arko
Corp.
6,675
43,588
Asbury
Automotive
Group,
Inc.*
1,702
355,429
BARK,
Inc.*
10,959
13,151
Beyond,
Inc.*
3,705
124,229
Big
5
Sporting
Goods
Corp.(a)
1,768
8,486
Boot
Barn
Holdings,
Inc.*
2,443
225,977
Buckle,
Inc.
(The)
2,511
102,800
Build-A-Bear
Workshop,
Inc.
1,080
25,855
Caleres,
Inc.
2,790
107,722
Camping
World
Holdings,
Inc.,
Class
a
A
3,433
91,627
CarParts.com,
Inc.*
4,470
11,398
Carvana
Co.,
Class
a
A*
7,885
598,708
Cato
Corp.
(The),
Class
a
A
1,431
9,459
Children's
Place,
Inc.
(The)*
979
18,836
Designer
Brands,
Inc.,
Class
a
A
3,547
37,456
Destination
XL
Group,
Inc.*
4,616
18,418
Duluth
Holdings,
Inc.,
Class
a
B*
1,111
5,288
Envela
Corp.*(a)
624
2,683
EVgo,
Inc.,
Class
a
A*(a)
8,500
25,160
Foot
Locker,
Inc.
6,748
232,334
Genesco,
Inc.*
906
28,919
Group
1
Automotive,
Inc.
1,123
303,940
GrowGeneration
Corp.*
4,833
10,343
Guess?,
Inc.
2,312
58,679
Haverty
Furniture
Cos.,
Inc.
1,202
41,229
Hibbett,
Inc.
1,006
82,442
J
Jill,
Inc.*
373
9,321
Lands'
End,
Inc.*
1,219
11,861
Lazydays
Holdings,
Inc.*
625
2,512
Leslie's,
Inc.*
14,593
115,285
MarineMax,
Inc.*
1,756
58,299
Monro,
Inc.
2,560
85,939
National
Vision
Holdings,
Inc.*
6,381
149,315
ODP
Corp.
(The)*
2,667
150,632
OneWater
Marine,
Inc.,
Class
a
A*
946
24,605
PetMed
Express,
Inc.
1,689
8,546
Rent
the
Runway,
Inc.,
Class
a
A*(a)
4,102
1,665
Revolve
Group,
Inc.,
Class
a
A*(a)
3,371
73,926
Sally
Beauty
Holdings,
Inc.*
8,818
111,371
Shoe
Carnival,
Inc.
1,497
49,057
Signet
Jewelers
Ltd.
3,664
372,849
Sleep
Number
Corp.*
1,754
28,976
Sonic
Automotive,
Inc.,
Class
a
A
1,205
63,262
Sportsman's
Warehouse
Holdings,
Inc.*
3,076
11,104
Stitch
Fix,
Inc.,
Class
a
A*
7,030
22,707
ThredUp,
Inc.,
Class
a
A*
5,895
11,790
Tile
Shop
Holdings,
Inc.*
2,366
16,444
Tilly's,
Inc.,
Class
a
A*
1,839
14,142
Torrid
Holdings,
Inc.*(a)
992
4,990
Upbound
Group,
Inc.
4,527
152,832
Urban
Outfitters,
Inc.*
5,244
217,888
Investments
Shares
Value
Common
Stocks
(continued)
Warby
Parker,
Inc.,
Class
a
A*
6,962
$
88,487
Winmark
Corp.
236
89,574
Zumiez,
Inc.*
1,309
23,065
5,941,526
Technology
Hardware,
Storage
&
Peripherals
—
1.0%
CompoSecure,
Inc.*(a)
1,349
6,529
Corsair
Gaming,
Inc.*
3,035
39,303
CPI
Card
Group,
Inc.*
348
6,577
Eastman
Kodak
Co.*
4,683
25,007
Immersion
Corp.
2,570
17,348
Intevac,
Inc.*
2,126
8,207
IonQ,
Inc.*(a)
13,206
136,814
Super
Micro
Computer,
Inc.*
3,811
3,300,783
Turtle
Beach
Corp.*
1,340
14,311
Xerox
Holdings
Corp.
9,612
179,264
3,734,143
Textiles,
Apparel
&
Luxury
Goods
—
0.3%
Allbirds,
Inc.,
Class
a
A*(a)
7,949
7,234
Figs,
Inc.,
Class
a
A*(a)
10,500
54,915
Fossil
Group,
Inc.*
3,953
4,190
G-III
Apparel
Group
Ltd.*
3,395
112,952
Hanesbrands,
Inc.*
28,919
156,163
Kontoor
Brands,
Inc.
4,618
272,970
Movado
Group,
Inc.
1,258
36,117
Oxford
Industries,
Inc.
1,231
124,811
Rocky
Brands,
Inc.
574
14,321
Steven
Madden
Ltd.
6,186
264,885
Vera
Bradley,
Inc.*
2,153
16,793
Wolverine
World
Wide,
Inc.
6,384
64,925
1,130,276
Tobacco
—
0.1%
Ispire
Technology,
Inc.*(a)
1,456
14,735
Turning
Point
Brands,
Inc.
1,407
35,597
Universal
Corp.
1,981
95,108
Vector
Group
Ltd.
11,946
133,317
278,757
Trading
Companies
&
Distributors
—
1.2%
Alta
Equipment
Group,
Inc.
1,896
21,766
Applied
Industrial
Technologies,
Inc.
3,172
602,331
Beacon
Roofing
Supply,
Inc.*
5,197
446,370
BlueLinx
Holdings,
Inc.*
695
88,161
Boise
Cascade
Co.
3,264
443,610
Custom
Truck
One
Source,
Inc.*
4,660
29,917
Distribution
Solutions
Group,
Inc.*
824
25,882
DNOW,
Inc.*
8,750
123,812
DXP
Enterprises,
Inc.*
1,117
39,676
EVI
Industries,
Inc.
388
8,354
FTAI
Aviation
Ltd.
8,181
460,508
GATX
Corp.
2,917
369,992
Global
Industrial
Co.
1,077
47,226
GMS,
Inc.*
3,372
301,153
H&E
Equipment
Services,
Inc.
2,642
149,247
Herc
Holdings,
Inc.
2,323
368,614
ULTRAPRO
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
136
URTY
::
Investments
Shares
Value
Common
Stocks
(continued)
Hudson
Technologies,
Inc.*
3,599
$
52,725
Karat
Packaging,
Inc.
557
16,482
McGrath
RentCorp
2,029
252,570
MRC
Global,
Inc.*
6,894
79,488
Rush
Enterprises,
Inc.,
Class
a
A
5,064
246,617
Rush
Enterprises,
Inc.,
Class
a
B
748
37,722
Textainer
Group
Holdings
Ltd.
3,321
165,718
Titan
Machinery,
Inc.*
1,692
42,689
Transcat,
Inc.*
672
70,668
Willis
Lease
Finance
Corp.*
243
11,645
Xometry,
Inc.,
Class
a
A*
2,788
54,533
4,557,476
Water
Utilities
—
0.2%
American
States
Water
Co.
3,045
217,443
Artesian
Resources
Corp.,
Class
a
A
750
25,853
Cadiz,
Inc.*(a)
3,329
9,654
California
Water
Service
Group
4,750
217,978
Consolidated
Water
Co.
Ltd.
1,234
36,477
Global
Water
Resources,
Inc.
944
12,215
Middlesex
Water
Co.
1,439
73,231
Pure
Cycle
Corp.*
1,607
16,022
SJW
Group
2,623
144,422
York
Water
Co.
(The)
1,170
41,418
794,713
Wireless
Telecommunication
Services
—
0.1%
Gogo,
Inc.*
5,448
44,456
Spok
Holdings,
Inc.
1,459
26,218
Telephone
and
Data
Systems,
Inc.
8,131
124,404
Tingo
Group,
Inc.*(a)
8,034
—
195,078
Total
Common
Stocks
(Cost
$179,758,264)
210,538,872
Number
of
Rights
Rights
—
0
.0
%
(d)
Biotechnology
—
0.0%(d)
Aduro
Biotech,
Inc.,
CVR*(e)(f)
899
—
Cartesian
Therapeutics,
Inc.,
expiring
5/3/2024*(e)(f)
9,359
1,685
Chinook
Therape,
CVR*(e)(f)
4,511
—
Oncternal
Therapeutics,
Inc.,
CVR*(e)(f)
23
—
Tobira
Therapeutics,
Inc.,
CVR*(e)(f)
218
—
1,685
Food
Products
—
0.0%(d)
Contraf-Nicotex-Tobacco
GmbH,
CVR*(e)(f)
1,074
537
Total
Rights
(Cost
3929)
2,222
Investments
Shares
Value
Securities
Lending
Reinvestments
(g)
—
1
.6
%
Investment
Companies
—
1
.6
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
5.25%
(h)
(Cost
$6,018,930)
6,018,930
$
6,018,930
Principal
Amount
Short-Term
Investments
—
2
.6
%
Repurchase
Agreements
(i)
—
2
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$9,808,575
(Cost
$9,807,132)
$
9,807,132
9,807,132
Total
Investments
—
61.0%
(Cost
$195,588,255)
226,367,156
Other
assets
less
liabilities
—
39.0%
144,760,218
Net
Assets
—
100.0%
$
371,127,374
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
29,
2024.
The
total
value
of
securities
on
loan
at
February
29,
2024
was
$6,278,529,
collateralized
in
the
form
of
cash
with
a
value
of
$6,018,930
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$501,803
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
7.63%,
and
maturity
dates
ranging
from
March
15,
2024
–
August
15,
2053.
The
total
value
of
collateral
is
$6,520,733.
(b)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(c)
Amount
less
than
one
dollar.
(d)
Represents
less
than
0.05%
of
net
assets.
(e)
Security
fair
valued
as
of
February
29,
2024
in
accordance
with
procedures
approved
by
the
Board
of
Trustees.
Total
value
of
all
such
securities
at
February
29,
2024
amounted
to
$2,222,
which
represents
approximately
0.00%
of
net
assets
of
the
Fund.
(f)
Illiquid
security.
(g)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
29,
2024.
The
total
value
of
securities
purchased
was
$6,018,930.
(h)
Rate
shown
is
the
7-day
yield
as
of
February
29,
2024.
(i)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
CVR
Contingent
Value
Rights
-
No
defined
expiration
REIT
Real
Estate
Investment
Trust
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
137
URTY
::
Futures
Contracts
Purchased
UltraPro
Russell2000
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
Russell
2000
E-Mini
Index
183
3/15/2024
U.S.
Dollar
$
18,824,295
$
1,352,515
Swap
Agreements
UltraPro
Russell2000
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
88,479,356
3/6/2025
Bank
of
America
NA
5.58%
Russell
2000
®
Index
11,571,575
167,888,647
11/6/2025
Barclays
Capital
5.83%
Russell
2000
®
Index
8,204,531
97,781,616
2/11/2025
BNP
Paribas
SA
5.58%
Russell
2000
®
Index
8,418,282
114,253,214
11/6/2025
Citibank
NA
5.62%
Russell
2000
®
Index
9,056,660
150,422,507
3/6/2025
Goldman
Sachs
International
5.73%
Russell
2000
®
Index
14,980,558
74,286,576
11/6/2025
Morgan
Stanley
&
Co.
International
plc
5.78%
Russell
2000
®
Index
5,150,063
72,272,832
4/8/2024
Societe
Generale
5.88%
Russell
2000
®
Index
23,152,979
118,755,368
11/7/2024
UBS
AG
5.33%
Russell
2000
®
Index
11,235,174
884,140,116
91,769,822
Total
Unrealized
Appreciation
91,769,822
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRAPRO
S&P500
®
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
138
UPRO
::
Investments
Shares
Value
Common
Stocks
—
57
.1
%
Aerospace
&
Defense
—
0.9%
Axon
Enterprise,
Inc.*
2,813
$
864,632
Boeing
Co.
(The)*
22,732
4,630,963
General
Dynamics
Corp.
9,053
2,473,732
Howmet
Aerospace,
Inc.
15,639
1,040,775
Huntington
Ingalls
Industries,
Inc.
1,588
463,093
L3Harris
Technologies,
Inc.
7,574
1,603,113
Lockheed
Martin
Corp.
8,829
3,780,931
Northrop
Grumman
Corp.
5,668
2,613,061
RTX
Corp.
57,486
5,154,770
Textron,
Inc.
7,836
697,953
TransDigm
Group,
Inc.
2,210
2,602,805
25,925,828
Air
Freight
&
Logistics
—
0.3%
CH
Robinson
Worldwide,
Inc.
4,664
345,509
Expeditors
International
of
Washington,
Inc.
5,812
695,115
FedEx
Corp.
9,250
2,302,973
United
Parcel
Service,
Inc.,
Class
a
B
28,913
4,286,641
7,630,238
Automobile
Components
—
0.0%(a)
Aptiv
plc*
11,312
899,191
BorgWarner,
Inc.
9,398
292,560
1,191,751
Automobiles
—
0.9%
Ford
Motor
Co.
157,192
1,955,468
General
Motors
Co.
54,746
2,243,491
Tesla,
Inc.*
110,551
22,318,036
26,516,995
Banks
—
1.8%
Bank
of
America
Corp.
275,240
9,501,285
Citigroup,
Inc.
76,514
4,245,762
Citizens
Financial
Group,
Inc.
18,634
584,921
Comerica,
Inc.
5,272
260,331
Fifth
Third
Bancorp
27,226
934,941
Huntington
Bancshares,
Inc.
57,888
754,860
JPMorgan
Chase
&
Co.
115,574
21,503,698
KeyCorp
37,427
534,083
M&T
Bank
Corp.
6,638
927,594
PNC
Financial
Services
Group,
Inc.
(The)
15,922
2,343,718
Regions
Financial
Corp.
37,183
692,719
Truist
Financial
Corp.
53,320
1,865,134
US
Bancorp
62,248
2,611,926
Wells
Fargo
&
Co.
145,179
8,070,501
Zions
Bancorp
NA
5,920
233,426
55,064,899
Beverages
—
0.8%
Brown-Forman
Corp.,
Class
a
B
7,316
440,643
Coca-Cola
Co.
(The)
155,552
9,336,231
Investments
Shares
Value
Common
Stocks
(continued)
Constellation
Brands,
Inc.,
Class
a
A
6,459
$
1,605,191
Keurig
Dr
Pepper,
Inc.
40,252
1,203,937
Molson
Coors
Beverage
Co.,
Class
a
B
7,402
462,033
Monster
Beverage
Corp.*
29,530
1,745,223
PepsiCo,
Inc.
54,966
9,088,078
23,881,336
Biotechnology
—
1.1%
AbbVie,
Inc.
70,578
12,425,257
Amgen,
Inc.
21,397
5,859,141
Biogen,
Inc.*
5,792
1,256,806
Gilead
Sciences,
Inc.
49,814
3,591,589
Incyte
Corp.*
7,435
433,907
Moderna,
Inc.*
13,259
1,223,010
Regeneron
Pharmaceuticals,
Inc.*
4,281
4,135,831
Vertex
Pharmaceuticals,
Inc.*
10,305
4,335,726
33,261,267
Broadline
Retail
—
2.2%
Amazon.com,
Inc.*
363,569
64,264,456
eBay,
Inc.
20,752
981,155
Etsy,
Inc.*
4,786
343,108
65,588,719
Building
Products
—
0.3%
A
O
Smith
Corp.
4,908
406,873
Allegion
plc
3,512
449,080
Builders
FirstSource,
Inc.*
4,930
962,237
Carrier
Global
Corp.
33,544
1,864,376
Johnson
Controls
International
plc
27,199
1,612,085
Masco
Corp.
8,974
688,844
Trane
Technologies
plc
9,128
2,573,822
8,557,317
Capital
Markets
—
1.6%
Ameriprise
Financial,
Inc.
4,048
1,648,993
Bank
of
New
York
Mellon
Corp.
(The)
30,749
1,724,711
BlackRock,
Inc.
5,593
4,537,825
Blackstone,
Inc.
28,405
3,630,727
Cboe
Global
Markets,
Inc.
4,220
810,240
Charles
Schwab
Corp.
(The)
59,492
3,972,876
CME
Group,
Inc.
14,388
3,170,396
FactSet
Research
Systems,
Inc.
1,520
703,121
Franklin
Resources,
Inc.
11,268
309,307
Goldman
Sachs
Group,
Inc.
(The)
13,038
5,072,434
Intercontinental
Exchange,
Inc.
22,885
3,167,742
Invesco
Ltd.
17,970
276,918
MarketAxess
Holdings,
Inc.
1,516
323,529
Moody's
Corp.
6,292
2,387,311
Morgan
Stanley
50,519
4,346,655
MSCI,
Inc.,
Class
a
A
3,162
1,773,787
Nasdaq,
Inc.
13,609
764,826
Northern
Trust
Corp.
8,279
679,954
Raymond
James
Financial,
Inc.
7,510
903,603
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
S&P500
®
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
139
UPRO
::
Investments
Shares
Value
Common
Stocks
(continued)
S&P
Global,
Inc.
12,955
$
5,549,663
State
Street
Corp.
12,332
909,238
T.
Rowe
Price
Group,
Inc.
8,934
1,012,669
47,676,525
Chemicals
—
0.9%
Air
Products
and
Chemicals,
Inc.
8,882
2,078,743
Albemarle
Corp.
4,692
646,792
Celanese
Corp.,
Class
a
A
4,007
608,944
CF
Industries
Holdings,
Inc.
7,642
616,862
Corteva,
Inc.
28,171
1,507,712
Dow,
Inc.
28,037
1,566,708
DuPont
de
Nemours,
Inc.
17,192
1,189,514
Eastman
Chemical
Co.
4,740
415,888
Ecolab,
Inc.
10,143
2,280,552
FMC
Corp.
4,984
281,048
International
Flavors
&
Fragrances,
Inc.
10,202
770,251
Linde
plc
19,385
8,700,376
LyondellBasell
Industries
NV,
Class
a
A
10,248
1,027,669
Mosaic
Co.
(The)
13,067
407,168
PPG
Industries,
Inc.
9,427
1,334,863
Sherwin-Williams
Co.
(The)
9,415
3,126,062
26,559,152
Commercial
Services
&
Supplies
—
0.3%
Cintas
Corp.
3,464
2,177,505
Copart,
Inc.*
34,935
1,856,795
Republic
Services,
Inc.,
Class
a
A
8,179
1,501,664
Rollins,
Inc.
11,220
494,465
Veralto
Corp.
8,766
757,558
Waste
Management,
Inc.
14,653
3,013,390
9,801,377
Communications
Equipment
—
0.5%
Arista
Networks,
Inc.*
10,072
2,795,383
Cisco
Systems,
Inc.
161,910
7,831,587
F5,
Inc.*
2,391
447,643
Juniper
Networks,
Inc.
12,745
471,947
Motorola
Solutions,
Inc.
6,638
2,193,129
13,739,689
Construction
&
Engineering
—
0.0%(a)
Quanta
Services,
Inc.
5,808
1,402,690
Construction
Materials
—
0.1%
Martin
Marietta
Materials,
Inc.
2,473
1,428,677
Vulcan
Materials
Co.
5,311
1,411,929
2,840,606
Consumer
Finance
—
0.3%
American
Express
Co.
23,017
5,050,390
Capital
One
Financial
Corp.
15,225
2,095,112
Discover
Financial
Services
9,996
1,206,517
Synchrony
Financial
16,539
683,061
9,035,080
Investments
Shares
Value
Common
Stocks
(continued)
Consumer
Staples
Distribution
&
Retail
—
1.1%
Costco
Wholesale
Corp.
17,702
$
13,168,341
Dollar
General
Corp.
8,776
1,275,241
Dollar
Tree,
Inc.*
8,353
1,225,218
Kroger
Co.
(The)
26,453
1,312,333
Sysco
Corp.
20,154
1,631,869
Target
Corp.
18,453
2,821,833
Walgreens
Boots
Alliance,
Inc.
28,669
609,503
Walmart,
Inc.
171,095
10,027,878
32,072,216
Containers
&
Packaging
—
0.1%
Amcor
plc
57,780
523,487
Avery
Dennison
Corp.
3,218
696,793
Ball
Corp.
12,605
806,972
International
Paper
Co.
13,830
489,029
Packaging
Corp.
of
America
3,584
649,385
Westrock
Co.
10,254
464,404
3,630,070
Distributors
—
0.1%
Genuine
Parts
Co.
5,607
836,901
LKQ
Corp.
10,695
559,241
Pool
Corp.
1,547
615,892
2,012,034
Diversified
Telecommunication
Services
—
0.4%
AT&T,
Inc.
285,835
4,839,187
Verizon
Communications,
Inc.
168,068
6,726,081
11,565,268
Electric
Utilities
—
0.8%
Alliant
Energy
Corp.
10,198
486,955
American
Electric
Power
Co.,
Inc.
21,023
1,790,949
Constellation
Energy
Corp.
12,765
2,150,264
Duke
Energy
Corp.
30,814
2,829,650
Edison
International
15,321
1,042,134
Entergy
Corp.
8,453
858,571
Evergy,
Inc.
9,180
454,777
Eversource
Energy
13,968
819,922
Exelon
Corp.
39,797
1,426,324
FirstEnergy
Corp.
20,643
755,740
NextEra
Energy,
Inc.
82,020
4,526,684
NRG
Energy,
Inc.
9,024
499,208
PG&E
Corp.
85,288
1,423,457
Pinnacle
West
Capital
Corp.
4,536
309,945
PPL
Corp.
29,467
777,045
Southern
Co.
(The)
43,600
2,932,100
Xcel
Energy,
Inc.
22,060
1,162,341
24,246,066
Electrical
Equipment
—
0.4%
AMETEK,
Inc.
9,230
1,663,061
Eaton
Corp.
plc
15,960
4,612,440
Emerson
Electric
Co.
22,788
2,434,898
Generac
Holdings,
Inc.*
2,458
276,549
Hubbell,
Inc.,
Class
a
B
2,143
815,776
ULTRAPRO
S&P500
®
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
140
UPRO
::
Investments
Shares
Value
Common
Stocks
(continued)
Rockwell
Automation,
Inc.
4,586
$
1,307,377
11,110,101
Electronic
Equipment,
Instruments
&
Components
—
0.3%
Amphenol
Corp.,
Class
a
A
23,922
2,613,239
CDW
Corp.
5,354
1,318,208
Corning,
Inc.
30,693
989,542
Jabil,
Inc.
5,117
737,309
Keysight
Technologies,
Inc.*
7,103
1,095,993
TE
Connectivity
Ltd.
12,427
1,784,020
Teledyne
Technologies,
Inc.*
1,890
807,540
Trimble,
Inc.*
9,946
608,596
Zebra
Technologies
Corp.,
Class
a
A*
2,054
574,052
10,528,499
Energy
Equipment
&
Services
—
0.2%
Baker
Hughes
Co.,
Class
a
A
40,230
1,190,406
Halliburton
Co.
35,781
1,254,840
Schlumberger
NV
57,108
2,760,029
5,205,275
Entertainment
—
0.7%
Electronic
Arts,
Inc.
9,788
1,365,230
Live
Nation
Entertainment,
Inc.*
5,674
550,265
Netflix,
Inc.*
17,495
10,548,086
Take-Two
Interactive
Software,
Inc.*
6,323
929,038
Walt
Disney
Co.
(The)
73,147
8,161,742
Warner
Bros
Discovery,
Inc.*
88,714
779,796
22,334,157
Financial
Services
—
2.5%
Berkshire
Hathaway,
Inc.,
Class
a
B*
72,732
29,776,481
Fidelity
National
Information
Services,
Inc.
23,685
1,638,765
Fiserv,
Inc.*
23,996
3,581,883
FleetCor
Technologies,
Inc.*
2,883
805,135
Global
Payments,
Inc.
10,411
1,350,307
Jack
Henry
&
Associates,
Inc.
2,915
506,540
Mastercard,
Inc.,
Class
a
A
33,104
15,716,455
PayPal
Holdings,
Inc.*
43,100
2,600,654
Visa,
Inc.,
Class
a
A
63,721
18,010,103
73,986,323
Food
Products
—
0.5%
Archer-Daniels-Midland
Co.
21,326
1,132,624
Bunge
Global
SA
5,808
548,101
Campbell
Soup
Co.
7,853
334,852
Conagra
Brands,
Inc.
19,105
536,468
General
Mills,
Inc.
23,236
1,491,287
Hershey
Co.
(The)
5,989
1,125,453
Hormel
Foods
Corp.
11,578
408,935
J
M
Smucker
Co.
(The)
4,242
509,761
Kellanova
10,543
581,446
Kraft
Heinz
Co.
(The)
31,874
1,124,515
Lamb
Weston
Holdings,
Inc.
5,794
592,205
McCormick
&
Co.,
Inc.
(Non-Voting)
10,045
691,699
Investments
Shares
Value
Common
Stocks
(continued)
Mondelez
International,
Inc.,
Class
a
A
54,389
$
3,974,204
Tyson
Foods,
Inc.,
Class
a
A
11,405
618,607
13,670,157
Gas
Utilities
—
0.0%(a)
Atmos
Energy
Corp.
5,934
670,008
Ground
Transportation
—
0.7%
CSX
Corp.
78,997
2,997,146
JB
Hunt
Transport
Services,
Inc.
3,256
671,745
Norfolk
Southern
Corp.
9,039
2,290,302
Old
Dominion
Freight
Line,
Inc.
3,578
1,583,194
Uber
Technologies,
Inc.*
82,270
6,540,465
Union
Pacific
Corp.
24,367
6,181,664
20,264,516
Health
Care
Equipment
&
Supplies
—
1.5%
Abbott
Laboratories
69,374
8,230,531
Align
Technology,
Inc.*
2,844
860,083
Baxter
International,
Inc.
20,284
830,021
Becton
Dickinson
&
Co.
11,597
2,731,673
Boston
Scientific
Corp.*
58,532
3,875,404
Cooper
Cos.,
Inc.
(The)
7,919
741,219
DENTSPLY
SIRONA,
Inc.
8,469
276,767
Dexcom,
Inc.*
15,443
1,777,026
Edwards
Lifesciences
Corp.*
24,245
2,057,673
GE
HealthCare
Technologies,
Inc.
16,204
1,479,101
Hologic,
Inc.*
9,795
722,871
IDEXX
Laboratories,
Inc.*
3,319
1,909,188
Insulet
Corp.*
2,789
457,396
Intuitive
Surgical,
Inc.*
14,076
5,427,706
Medtronic
plc
53,189
4,433,835
ResMed,
Inc.
5,879
1,021,300
STERIS
plc
3,954
920,926
Stryker
Corp.
13,519
4,719,077
Teleflex,
Inc.
1,882
419,291
Zimmer
Biomet
Holdings,
Inc.
8,355
1,039,028
43,930,116
Health
Care
Providers
&
Services
—
1.5%
Cardinal
Health,
Inc.
9,855
1,103,563
Cencora,
Inc.
6,667
1,570,745
Centene
Corp.*
21,359
1,675,186
Cigna
Group
(The)
11,696
3,931,493
CVS
Health
Corp.
51,348
3,818,751
DaVita,
Inc.*
2,153
273,366
Elevance
Health,
Inc.
9,394
4,708,742
HCA
Healthcare,
Inc.
7,918
2,468,041
Henry
Schein,
Inc.*
5,221
399,250
Humana,
Inc.
4,919
1,723,224
Laboratory
Corp.
of
America
Holdings
3,390
731,664
McKesson
Corp.
5,318
2,772,858
Molina
Healthcare,
Inc.*
2,327
916,629
Quest
Diagnostics,
Inc.
4,498
561,755
UnitedHealth
Group,
Inc.
36,973
18,249,873
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
S&P500
®
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
141
UPRO
::
Investments
Shares
Value
Common
Stocks
(continued)
Universal
Health
Services,
Inc.,
Class
a
B
2,442
$
407,961
45,313,101
Health
Care
REITs
—
0.1%
Healthpeak
Properties,
Inc.,
REIT
28,003
469,050
Ventas,
Inc.,
REIT
16,089
680,404
Welltower,
Inc.,
REIT
22,125
2,039,040
3,188,494
Hotel
&
Resort
REITs
—
0.0%(a)
Host
Hotels
&
Resorts,
Inc.,
REIT
28,204
584,951
Hotels,
Restaurants
&
Leisure
—
1.2%
Airbnb,
Inc.,
Class
a
A*
17,379
2,736,671
Booking
Holdings,
Inc.*
1,398
4,849,424
Caesars
Entertainment,
Inc.*
8,620
374,712
Carnival
Corp.*
40,279
638,825
Chipotle
Mexican
Grill,
Inc.,
Class
a
A*
1,096
2,946,892
Darden
Restaurants,
Inc.
4,809
820,944
Domino's
Pizza,
Inc.
1,397
626,345
Expedia
Group,
Inc.*
5,329
729,114
Hilton
Worldwide
Holdings,
Inc.
10,256
2,095,506
Las
Vegas
Sands
Corp.
14,757
804,552
Marriott
International,
Inc.,
Class
a
A
9,864
2,464,718
McDonald's
Corp.
28,995
8,474,659
MGM
Resorts
International*
10,926
472,877
Norwegian
Cruise
Line
Holdings
Ltd.*
17,004
329,708
Royal
Caribbean
Cruises
Ltd.*
9,424
1,162,450
Starbucks
Corp.
45,678
4,334,842
Wynn
Resorts
Ltd.
3,836
403,547
Yum!
Brands,
Inc.
11,203
1,550,719
35,816,505
Household
Durables
—
0.2%
DR
Horton,
Inc.
12,048
1,800,453
Garmin
Ltd.
6,122
840,857
Lennar
Corp.,
Class
a
A
10,000
1,585,100
Mohawk
Industries,
Inc.*
2,113
250,644
NVR,
Inc.*
125
953,196
PulteGroup,
Inc.
8,616
933,802
Whirlpool
Corp.
2,191
235,292
6,599,344
Household
Products
—
0.7%
Church
&
Dwight
Co.,
Inc.
9,852
986,382
Clorox
Co.
(The)
4,954
759,498
Colgate-Palmolive
Co.
32,919
2,848,152
Kimberly-Clark
Corp.
13,512
1,637,249
Procter
&
Gamble
Co.
(The)
94,218
14,975,009
21,206,290
Independent
Power
and
Renewable
Electricity
Producers
—
0.0%(a)
AES
Corp.
(The)
26,770
406,904
Investments
Shares
Value
Common
Stocks
(continued)
Industrial
Conglomerates
—
0.5%
3M
Co.
22,080
$
2,034,009
General
Electric
Co.
43,512
6,826,598
Honeywell
International,
Inc.
26,353
5,237,132
14,097,739
Industrial
REITs
—
0.2%
Prologis,
Inc.,
REIT
36,935
4,922,327
Insurance
—
1.2%
Aflac,
Inc.
21,255
1,716,129
Allstate
Corp.
(The)
10,462
1,668,898
American
International
Group,
Inc.
28,062
2,045,439
Aon
plc,
Class
a
A
8,002
2,528,552
Arch
Capital
Group
Ltd.*
14,915
1,306,405
Arthur
J
Gallagher
&
Co.
8,628
2,104,628
Assurant,
Inc.
2,102
381,408
Brown
&
Brown,
Inc.
9,443
795,195
Chubb
Ltd.
16,310
4,104,738
Cincinnati
Financial
Corp.
6,273
715,122
Everest
Group
Ltd.
1,733
639,269
Globe
Life,
Inc.
3,428
435,116
Hartford
Financial
Services
Group,
Inc.
(The)
12,025
1,152,476
Loews
Corp.
7,319
549,876
Marsh
&
McLennan
Cos.,
Inc.
19,715
3,987,753
MetLife,
Inc.
24,854
1,733,318
Principal
Financial
Group,
Inc.
8,771
709,223
Progressive
Corp.
(The)
23,392
4,434,187
Prudential
Financial,
Inc.
14,428
1,572,508
Travelers
Cos.,
Inc.
(The)
9,128
2,016,923
W
R
Berkley
Corp.
8,148
681,173
Willis
Towers
Watson
plc
4,129
1,125,607
36,403,943
Interactive
Media
&
Services
—
3.5%
Alphabet,
Inc.,
Class
a
A*
236,598
32,759,359
Alphabet,
Inc.,
Class
a
C*
199,115
27,832,295
Match
Group,
Inc.*
10,869
391,719
Meta
Platforms,
Inc.,
Class
a
A
88,734
43,491,195
104,474,568
IT
Services
—
0.7%
Accenture
plc,
Class
a
A
25,092
9,403,980
Akamai
Technologies,
Inc.*
6,026
668,404
Cognizant
Technology
Solutions
Corp.,
Class
a
A
20,044
1,583,877
EPAM
Systems,
Inc.*
2,304
701,338
Gartner,
Inc.*
3,117
1,451,150
International
Business
Machines
Corp.
36,502
6,753,965
VeriSign,
Inc.*
3,553
693,865
21,256,579
Leisure
Products
—
0.0%(a)
Hasbro,
Inc.
5,214
262,212
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INVESTMENTS
PROSHARES
TRUST
142
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Investments
Shares
Value
Common
Stocks
(continued)
Life
Sciences
Tools
&
Services
—
0.8%
Agilent
Technologies,
Inc.
11,695
$
1,606,425
Bio-Rad
Laboratories,
Inc.,
Class
a
A*
840
273,739
Bio-Techne
Corp.
6,322
465,109
Charles
River
Laboratories
International,
Inc.*
2,051
521,344
Danaher
Corp.
26,290
6,655,051
Illumina,
Inc.*
6,348
887,641
IQVIA
Holdings,
Inc.*
7,321
1,809,458
Mettler-Toledo
International,
Inc.*
870
1,085,081
Revvity,
Inc.
4,930
540,279
Thermo
Fisher
Scientific,
Inc.
15,443
8,805,290
Waters
Corp.*
2,368
799,011
West
Pharmaceutical
Services,
Inc.
2,961
1,061,104
24,509,532
Machinery
—
1.0%
Caterpillar,
Inc.
20,395
6,811,114
Cummins,
Inc.
5,668
1,522,481
Deere
&
Co.
10,704
3,907,495
Dover
Corp.
5,595
925,301
Fortive
Corp.
14,051
1,196,162
IDEX
Corp.
3,025
713,597
Illinois
Tool
Works,
Inc.
10,947
2,869,756
Ingersoll
Rand,
Inc.
16,184
1,478,085
Nordson
Corp.
2,164
574,867
Otis
Worldwide
Corp.
16,360
1,559,108
PACCAR,
Inc.
20,914
2,319,098
Parker-Hannifin
Corp.
5,138
2,751,142
Pentair
plc
6,612
514,347
Snap-on,
Inc.
2,110
581,643
Stanley
Black
&
Decker,
Inc.
6,132
547,526
Westinghouse
Air
Brake
Technologies
Corp.
7,165
1,012,343
Xylem,
Inc.
9,635
1,224,127
30,508,192
Media
—
0.3%
Charter
Communications,
Inc.,
Class
a
A*
4,024
1,182,774
Comcast
Corp.,
Class
a
A
160,536
6,878,968
Fox
Corp.,
Class
a
A
9,885
294,474
Fox
Corp.,
Class
a
B
5,274
144,402
Interpublic
Group
of
Cos.,
Inc.
(The)
15,308
480,671
News
Corp.,
Class
a
A
15,215
408,979
News
Corp.,
Class
a
B
4,592
128,530
Omnicom
Group,
Inc.
7,913
699,430
Paramount
Global,
Class
a
B(b)
19,289
212,951
10,431,179
Metals
&
Mining
—
0.2%
Freeport-McMoRan,
Inc.
57,325
2,167,458
Newmont
Corp.
46,075
1,439,844
Nucor
Corp.
9,830
1,890,309
Investments
Shares
Value
Common
Stocks
(continued)
Steel
Dynamics,
Inc.
6,084
$
814,161
6,311,772
Multi-Utilities
—
0.3%
Ameren
Corp.
10,512
748,349
CenterPoint
Energy,
Inc.
25,234
693,935
CMS
Energy
Corp.
11,662
669,049
Consolidated
Edison,
Inc.
13,799
1,203,411
Dominion
Energy,
Inc.
33,455
1,600,152
DTE
Energy
Co.
8,245
893,346
NiSource,
Inc.
16,517
430,433
Public
Service
Enterprise
Group,
Inc.
19,922
1,243,133
Sempra
25,163
1,776,508
WEC
Energy
Group,
Inc.
12,610
989,759
10,248,075
Office
REITs
—
0.0%(a)
Alexandria
Real
Estate
Equities,
Inc.,
REIT
6,253
779,936
Boston
Properties,
Inc.,
REIT
5,772
373,564
1,153,500
Oil,
Gas
&
Consumable
Fuels
—
1.9%
APA
Corp.
12,259
365,196
Chevron
Corp.
70,187
10,669,126
ConocoPhillips
47,466
5,341,824
Coterra
Energy,
Inc.
30,068
775,153
Devon
Energy
Corp.
25,615
1,128,597
Diamondback
Energy,
Inc.
7,158
1,306,478
EOG
Resources,
Inc.
23,310
2,668,063
EQT
Corp.
16,441
610,783
Exxon
Mobil
Corp.
160,136
16,737,415
Hess
Corp.
11,051
1,610,683
Kinder
Morgan,
Inc.
77,307
1,344,369
Marathon
Oil
Corp.
23,400
567,450
Marathon
Petroleum
Corp.
15,180
2,568,911
Occidental
Petroleum
Corp.
26,394
1,599,740
ONEOK,
Inc.
23,286
1,749,244
Phillips
66
17,584
2,505,896
Pioneer
Natural
Resources
Co.
9,329
2,194,087
Targa
Resources
Corp.
8,914
875,711
Valero
Energy
Corp.
13,611
1,925,412
Williams
Cos.,
Inc.
(The)
48,635
1,747,942
58,292,080
Passenger
Airlines
—
0.1%
American
Airlines
Group,
Inc.*
26,129
409,703
Delta
Air
Lines,
Inc.
25,724
1,087,353
Southwest
Airlines
Co.
23,828
816,586
United
Airlines
Holdings,
Inc.*
13,112
596,465
2,910,107
Personal
Care
Products
—
0.1%
Estee
Lauder
Cos.,
Inc.
(The),
Class
a
A
9,289
1,380,160
Kenvue,
Inc.
68,899
1,309,081
2,689,241
FEBRUARY
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Investments
Shares
Value
Common
Stocks
(continued)
Pharmaceuticals
—
2.2%
Bristol-Myers
Squibb
Co.
81,345
$
4,128,259
Catalent,
Inc.*
7,209
413,364
Eli
Lilly
&
Co.
31,881
24,028,072
Johnson
&
Johnson
96,234
15,530,243
Merck
&
Co.,
Inc.
101,304
12,880,804
Pfizer,
Inc.
225,729
5,995,362
Viatris,
Inc.
47,957
593,228
Zoetis,
Inc.,
Class
a
A
18,354
3,640,149
67,209,481
Professional
Services
—
0.4%
Automatic
Data
Processing,
Inc.
16,440
4,128,577
Broadridge
Financial
Solutions,
Inc.
4,704
957,640
Dayforce,
Inc.*
6,237
435,093
Equifax,
Inc.
4,923
1,346,884
Jacobs
Solutions,
Inc.
5,037
738,676
Leidos
Holdings,
Inc.
5,493
702,335
Paychex,
Inc.
12,849
1,575,545
Paycom
Software,
Inc.
1,963
358,032
Robert
Half,
Inc.
4,233
340,333
Verisk
Analytics,
Inc.,
Class
a
A
5,797
1,402,294
11,985,409
Real
Estate
Management
&
Development
—
0.1%
CBRE
Group,
Inc.,
Class
a
A*
12,183
1,119,496
CoStar
Group,
Inc.*
16,324
1,420,678
2,540,174
Residential
REITs
—
0.1%
AvalonBay
Communities,
Inc.,
REIT
5,679
1,005,353
Camden
Property
Trust,
REIT
4,267
403,146
Equity
Residential,
REIT
13,812
831,621
Essex
Property
Trust,
Inc.,
REIT
2,567
594,004
Invitation
Homes,
Inc.,
REIT
22,998
783,542
Mid-America
Apartment
Communities,
Inc.,
REIT
4,666
586,423
UDR,
Inc.,
REIT
12,097
429,443
4,633,532
Retail
REITs
—
0.2%
Federal
Realty
Investment
Trust,
REIT
2,940
296,499
Kimco
Realty
Corp.,
REIT
26,588
525,379
Realty
Income
Corp.,
REIT
33,243
1,732,293
Regency
Centers
Corp.,
REIT
6,571
407,073
Simon
Property
Group,
Inc.,
REIT
13,043
1,932,190
4,893,434
Semiconductors
&
Semiconductor
Equipment
—
5.6%
Advanced
Micro
Devices,
Inc.*
64,590
12,435,608
Analog
Devices,
Inc.
19,922
3,821,438
Applied
Materials,
Inc.
33,446
6,743,382
Broadcom,
Inc.
17,544
22,815,797
Enphase
Energy,
Inc.*
5,456
692,967
Investments
Shares
Value
Common
Stocks
(continued)
First
Solar,
Inc.*
4,270
$
657,110
Intel
Corp.
168,544
7,255,819
KLA
Corp.
5,431
3,705,571
Lam
Research
Corp.
5,268
4,942,701
Microchip
Technology,
Inc.
21,628
1,819,780
Micron
Technology,
Inc.
43,900
3,977,779
Monolithic
Power
Systems,
Inc.
1,918
1,381,037
NVIDIA
Corp.
98,743
78,117,562
NXP
Semiconductors
NV
10,308
2,574,217
ON
Semiconductor
Corp.*
17,220
1,359,002
Qorvo,
Inc.*
3,888
445,370
QUALCOMM,
Inc.
44,497
7,021,182
Skyworks
Solutions,
Inc.
6,371
668,445
Teradyne,
Inc.
6,115
633,453
Texas
Instruments,
Inc.
36,306
6,075,083
167,143,303
Software
—
6.3%
Adobe,
Inc.*
18,204
10,199,337
ANSYS,
Inc.*
3,473
1,160,573
Autodesk,
Inc.*
8,543
2,205,546
Cadence
Design
Systems,
Inc.*
10,879
3,311,350
Fair
Isaac
Corp.*
989
1,255,941
Fortinet,
Inc.*
25,484
1,761,199
Gen
Digital,
Inc.
22,541
484,406
Intuit,
Inc.
11,201
7,425,031
Microsoft
Corp.
297,151
122,913,540
Oracle
Corp.
63,518
7,093,690
Palo
Alto
Networks,
Inc.*
12,428
3,859,515
PTC,
Inc.*
4,750
869,298
Roper
Technologies,
Inc.
4,269
2,325,452
Salesforce,
Inc.*
38,897
12,012,172
ServiceNow,
Inc.*
8,198
6,323,445
Synopsys,
Inc.*
6,083
3,490,000
Tyler
Technologies,
Inc.*
1,681
734,832
187,425,327
Specialized
REITs
—
0.6%
American
Tower
Corp.,
REIT
18,632
3,705,159
Crown
Castle,
Inc.,
REIT
17,350
1,907,459
Digital
Realty
Trust,
Inc.,
REIT
12,107
1,777,429
Equinix,
Inc.,
REIT
3,752
3,334,853
Extra
Space
Storage,
Inc.,
REIT
8,446
1,190,633
Iron
Mountain,
Inc.,
REIT
11,671
917,807
Public
Storage,
REIT
6,326
1,795,762
SBA
Communications
Corp.,
Class
a
A,
REIT
4,311
901,990
VICI
Properties,
Inc.,
Class
a
A,
REIT
41,360
1,237,905
Weyerhaeuser
Co.,
REIT
29,187
1,003,449
17,772,446
Specialty
Retail
—
1.2%
AutoZone,
Inc.*
702
2,110,226
Bath
&
Body
Works,
Inc.
9,088
415,322
Best
Buy
Co.,
Inc.
7,746
626,497
CarMax,
Inc.*
6,342
501,018
Home
Depot,
Inc.
(The)
39,979
15,216,407
Lowe's
Cos.,
Inc.
23,072
5,552,738
O'Reilly
Automotive,
Inc.*
2,369
2,576,098
ULTRAPRO
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Investments
Shares
Value
Common
Stocks
(continued)
Ross
Stores,
Inc.
13,539
$
2,016,770
TJX
Cos.,
Inc.
(The)
45,736
4,534,267
Tractor
Supply
Co.
4,320
1,098,662
Ulta
Beauty,
Inc.*
1,970
1,080,663
35,728,668
Technology
Hardware,
Storage
&
Peripherals
—
3.7%
Apple,
Inc.
584,450
105,639,337
Hewlett
Packard
Enterprise
Co.
51,288
781,116
HP,
Inc.
34,766
984,921
NetApp,
Inc.
8,348
743,974
Seagate
Technology
Holdings
plc
7,777
723,650
Western
Digital
Corp.*
12,965
771,029
109,644,027
Textiles,
Apparel
&
Luxury
Goods
—
0.3%
Lululemon
Athletica,
Inc.*
4,605
2,150,950
NIKE,
Inc.,
Class
a
B
48,931
5,085,399
Ralph
Lauren
Corp.,
Class
a
A
1,589
295,427
Tapestry,
Inc.
9,159
435,327
VF
Corp.
13,213
215,900
8,183,003
Tobacco
—
0.3%
Altria
Group,
Inc.
70,708
2,892,664
Philip
Morris
International,
Inc.
62,059
5,582,828
8,475,492
Trading
Companies
&
Distributors
—
0.2%
Fastenal
Co.
22,839
1,667,475
United
Rentals,
Inc.
2,708
1,877,375
WW
Grainger,
Inc.
1,763
1,716,210
5,261,060
Water
Utilities
—
0.0%(a)
American
Water
Works
Co.,
Inc.
7,785
922,834
Wireless
Telecommunication
Services
—
0.1%
T-Mobile
US,
Inc.
20,344
3,322,175
Total
Common
Stocks
(Cost
$1,779,058,930)
1,710,625,275
Securities
Lending
Reinvestments
(c)
—
0
.0
%
(a)
Investment
Companies
—
0
.0
%
(a)
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
5.25%
(d)
(Cost
$12,133)
12,133
12,133
Investments
Principal
Amount
Value
Short-Term
Investments
—
16
.1
%
Repurchase
Agreements
(e)
—
3
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$88,911,415
(Cost
$88,898,336)
$
88,898,336
$
88,898,336
U.S.
Treasury
Obligations
(f)
—
13
.1
%
U.S.
Treasury
Bills
5.29%,
3/5/2024
(g)
25,000,000
24,985,373
5.39%,
5/9/2024
(g)
100,000,000
98,994,229
5.30%,
6/18/2024
(g)
50,000,000
49,206,647
5.11%,
7/18/2024
(g)
50,000,000
49,008,467
5.13%,
7/25/2024
(g)
75,000,000
73,439,625
5.25%,
8/8/2024
(g)
100,000,000
97,721,556
Total
U.S.
Treasury
Obligations
(Cost
$393,429,255)
393,355,897
Total
Short-Term
Investments
(Cost
$482,327,591)
482,254,233
Total
Investments
—
73.2%
(Cost
$2,261,398,654)
2,192,891,641
Other
assets
less
liabilities
—
26.8%
801,784,059
Net
Assets
—
100.0%
$
2,994,675,700
*
Non-income
producing
security.
(a)
Represents
less
than
0.05%
of
net
assets.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
29,
2024.
The
total
value
of
securities
on
loan
at
February
29,
2024
was
$11,647,
collateralized
in
the
form
of
cash
with
a
value
of
$12,133
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(c)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
29,
2024.
The
total
value
of
securities
purchased
was
$12,133.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
29,
2024.
(e)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(f)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$235,308,203.
(g)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Purchased
UltraPro
S&P500
®
had
the
following
open
long
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
S&P
500
E-Mini
Index
695
3/15/2024
U.S.
Dollar
$
177,355,313
$
15,807,317
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
S&P500
®
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
145
UPRO
::
Swap
Agreements
UltraPro
S&P500
®
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
718,518,011
12/8/2025
Bank
of
America
NA
5.93%
S&P
500
®
5,040,625
1,163,442,767
12/8/2025
BNP
Paribas
SA
5.93%
S&P
500
®
10,802,345
1,083,900,185
3/6/2025
Citibank
NA
5.93%
S&P
500
®
123,116,564
1,188,139,292
11/6/2025
Goldman
Sachs
International
5.93%
S&P
500
®
49,862,848
434,390,766
4/7/2025
J.P.
Morgan
Securities
5.83%
S&P
500
®
50,503,147
459,484,799
3/6/2025
Morgan
Stanley
&
Co.
International
plc
5.88%
S&P
500
®
86,261,074
1,073,152,152
11/6/2025
Societe
Generale
5.98%
S&P
500
®
39,824,676
974,656,541
4/7/2025
UBS
AG
5.83%
S&P
500
®
11,808,586
7,095,684,513
377,219,865
Total
Unrealized
Appreciation
377,219,865
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRAPRO
SHORT
20+
YEAR
TREASURY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
146
TTT
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
11
.4
%
Repurchase
Agreements
(a)
—
11
.4
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$4,770,461
(Cost
$4,769,758)
$
4,769,758
$
4,769,758
Total
Investments
—
11.4%
(Cost
$4,769,758)
4,769,758
Other
assets
less
liabilities
—
88.6%
37,153,010
Net
Assets
—
100.0%
$
41,922,768
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Sold
UltraPro
Short
20+
Year
Treasury
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
U.S.
Treasury
Long
Bond
12
6/18/2024
U.S.
Dollar
$
1,431,375
$
(
3,773
)
Swap
Agreements
UltraPro
Short
20+
Year
Treasury
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(5,205,747)
11/6/2024
Bank
of
America
NA
(5.03)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
8,230,347
(47,713,439)
12/10/2024
Barclays
Capital
(5.11)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
803,490
(33,052,949)
12/10/2024
Citibank
NA
(4.88)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
1,122,992
(384,712)
11/6/2024
Goldman
Sachs
International
(4.91)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
8,199,534
(7,116,690)
12/10/2024
Morgan
Stanley
&
Co.
International
plc
(5.16)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
10,395,424
(5,812,123)
12/10/2024
Societe
Generale
(5.01)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
(
205,243
)
(25,793,509)
12/10/2024
UBS
AG
(4.88)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
27,615
(125,079,169)
28,574,159
Total
Unrealized
Appreciation
28,779,402
Total
Unrealized
Depreciation
(
205,243
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
SHORT
DOW30
~
SM
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
147
SDOW
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
125
.9
%
Repurchase
Agreements
(a)
—
22
.3
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$87,695,636
(Cost
$87,682,738)
$
87,682,738
$
87,682,738
U.S.
Treasury
Obligations
(b)
—
103
.6
%
U.S.
Treasury
Bills
5.29%,
3/5/2024
(c)
25,000,000
24,985,374
5.32%,
3/12/2024
(c)
75,000,000
74,879,138
5.44%,
3/21/2024
(c)
50,000,000
49,853,194
5.46%,
3/28/2024
(c)
75,000,000
74,703,281
5.29%,
4/11/2024
(c)
50,000,000
49,699,618
5.39%,
5/9/2024
(c)
35,000,000
34,647,980
4.91%,
7/11/2024
(c)
100,000,000
98,114,600
Total
U.S.
Treasury
Obligations
(Cost
$407,017,501)
406,883,185
Total
Short-Term
Investments
(Cost
$494,700,239)
494,565,923
Total
Investments
—
125.9%
(Cost
$494,700,239)
494,565,923
Liabilities
in
excess
of
other
assets
—
(25.9%)
(
101,868,138
)
Net
Assets
—
100.0%
$
392,697,785
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$225,616,509.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
UltraPro
Short
Dow30
SM
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
DJIA
CBOT
E-Mini
Index
48
3/15/2024
U.S.
Dollar
$
9,370,320
$
(
139,804
)
ULTRAPRO
SHORT
DOW30
~
SM
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
148
SDOW
::
Swap
Agreements
UltraPro
Short
Dow30
SM
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(94,839,221)
3/6/2025
Bank
of
America
NA
(5.78)%
Dow
Jones
Industrial
Average
SM
(
11,254,672
)
(89,028,758)
11/6/2025
Barclays
Capital
(5.53)%
Dow
Jones
Industrial
Average
SM
(
17,000,750
)
(175,756,730)
2/11/2025
BNP
Paribas
SA
(5.63)%
Dow
Jones
Industrial
Average
SM
(
14,273,180
)
(190,029,408)
3/6/2025
Citibank
NA
(5.63)%
Dow
Jones
Industrial
Average
SM
(
22,078,415
)
(130,559,914)
11/7/2024
Goldman
Sachs
International
(5.68)%
Dow
Jones
Industrial
Average
SM
(
34,171,781
)
(141,790,874)
3/6/2025
Morgan
Stanley
&
Co.
International
plc
(5.13)%
Dow
Jones
Industrial
Average
SM
(
15,325,922
)
(215,065,091)
3/6/2025
Societe
Generale
(5.63)%
Dow
Jones
Industrial
Average
SM
(
20,399,232
)
(131,719,237)
11/7/2024
UBS
AG
(5.18)%
Dow
Jones
Industrial
Average
SM
(
31,264,330
)
(1,168,789,233)
(
165,768,282
)
Total
Unrealized
Depreciation
(
165,768,282
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
SHORT
MIDCAP400
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
149
MZZ
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
77
.4
%
Repurchase
Agreements
(a)
—
77
.4
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$2,389,426
(Cost
$2,389,078)
$
2,389,078
$
2,389,078
Total
Investments
—
77.4%
(Cost
$2,389,078)
2,389,078
Other
assets
less
liabilities
—
22.6%
699,022
Net
Assets
—
100.0%
$
3,088,100
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Sold
UltraPro
Short
MidCap400
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
S&P
Midcap
400
E-Mini
Index
1
3/15/2024
U.S.
Dollar
$
289,260
$
(
24,327
)
Swap
Agreements
UltraPro
Short
MidCap400
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(1,546,508)
3/6/2024
Bank
of
America
NA
(5.68)%
S&P
MidCap
400
®
(
647,711
)
(1,121,580)
2/11/2025
BNP
Paribas
SA
(5.53)%
S&P
MidCap
400
®
(
489,651
)
(2,714,339)
4/8/2024
Citibank
NA
(5.53)%
S&P
MidCap
400
®
(
1,375,048
)
(3,069,892)
3/6/2025
Morgan
Stanley
&
Co.
International
plc
(5.13)%
S&P
MidCap
400
®
(
508,116
)
(523,211)
11/14/2024
Societe
Generale
(5.31)%
S&P
MidCap
400
®
339,138
(8,975,530)
(
2,681,388
)
Total
Unrealized
Appreciation
339,138
Total
Unrealized
Depreciation
(
3,020,526
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRAPRO
SHORT
QQQ
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
150
SQQQ
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
163
.2
%
Repurchase
Agreements
(a)
—
7
.9
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$265,071,264
(Cost
$265,032,274)
$
265,032,274
$
265,032,274
U.S.
Treasury
Obligations
(b)
—
155
.3
%
U.S.
Treasury
Bills
5.32%,
3/5/2024
(c)
175,000,000
174,897,615
5.28%,
3/7/2024
(c)
100,000,000
99,912,354
5.30%,
3/12/2024
(c)
250,000,000
249,597,125
5.42%,
3/14/2024
(c)
250,000,000
249,524,372
5.44%,
3/21/2024
(c)
200,000,000
199,412,778
5.46%,
3/28/2024
(c)
120,000,000
119,525,250
5.38%,
4/4/2024
(c)
310,000,000
308,453,646
5.29%,
4/11/2024
(c)
400,000,000
397,596,944
5.32%,
4/25/2024
(c)
150,000,000
148,789,885
5.31%,
5/2/2024
(c)
200,000,000
198,186,328
5.28%,
5/9/2024
(c)
135,000,000
133,642,209
5.30%,
5/21/2024
(c)
500,000,000
494,121,310
5.30%,
5/23/2024
(c)
300,000,000
296,378,778
5.28%,
5/28/2024
(c)
500,000,000
493,594,945
5.29%,
6/11/2024
(c)
200,000,000
197,031,800
5.20%,
6/13/2024
(c)
200,000,000
196,986,888
5.30%,
6/18/2024
(c)
150,000,000
147,619,940
5.17%,
7/5/2024
(c)
160,000,000
157,116,000
4.91%,
7/11/2024
(c)
100,000,000
98,114,600
5.11%,
7/18/2024
(c)
100,000,000
98,016,933
5.13%,
7/25/2024
(c)
100,000,000
97,919,500
5.20%,
8/8/2024
(c)
700,000,000
684,050,892
Total
U.S.
Treasury
Obligations
(Cost
$5,241,198,761)
5,240,490,092
Total
Short-Term
Investments
(Cost
$5,506,231,035)
5,505,522,366
Total
Investments
—
163.2%
(Cost
$5,506,231,035)
5,505,522,366
Liabilities
in
excess
of
other
assets
—
(63.2%)
(
2,131,560,176
)
Net
Assets
—
100.0%
$
3,373,962,190
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$3,142,311,204.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
UltraPro
Short
QQQ
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
Nasdaq
100
E-Mini
Index
312
3/15/2024
U.S.
Dollar
$
112,836,360
$
(
2,809,194
)
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
SHORT
QQQ
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
151
SQQQ
::
Swap
Agreements
UltraPro
Short
QQQ
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(1,188,115,347)
3/6/2025
Bank
of
America
NA
(5.68)%
Nasdaq-100
Index
®
(
136,771,131
)
(739,202,403)
11/6/2025
Barclays
Capital
(5.53)%
Nasdaq-100
Index
®
(
214,351,947
)
(1,075,196,934)
11/14/2024
BNP
Paribas
SA
(5.73)%
Nasdaq-100
Index
®
(
675,581,275
)
(1,381,888,252)
11/6/2025
Citibank
NA
(5.68)%
Nasdaq-100
Index
®
(
194,872,417
)
(1,135,878,401)
3/13/2025
Goldman
Sachs
International
(5.68)%
Nasdaq-100
Index
®
(
223,172,445
)
(1,112,042,475)
4/7/2025
J.P.
Morgan
Securities
(5.63)%
Nasdaq-100
Index
®
(
101,738,622
)
(877,562,645)
4/10/2025
Morgan
Stanley
&
Co.
International
plc
(5.13)%
Nasdaq-100
Index
®
(
147,080,402
)
(1,336,742,540)
11/6/2025
Societe
Generale
(5.98)%
Nasdaq-100
Index
®
(
256,535,843
)
(1,162,596,002)
11/6/2025
UBS
AG
(5.48)%
Nasdaq-100
Index
®
(
228,225,814
)
(10,009,224,999)
(
2,178,329,896
)
Total
Unrealized
Depreciation
(
2,178,329,896
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRAPRO
SHORT
RUSSELL2000
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
152
SRTY
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
129
.9
%
Repurchase
Agreements
(a)
—
29
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$36,497,745
(Cost
$36,492,376)
$
36,492,376
$
36,492,376
U.S.
Treasury
Obligations
(b)
—
100
.4
%
U.S.
Treasury
Bills
5.32%,
3/12/2024
(c)
25,000,000
24,959,712
5.31%,
4/2/2024
(c)
50,000,000
49,764,667
5.30%,
5/21/2024
(c)
50,000,000
49,412,131
Total
U.S.
Treasury
Obligations
(Cost
$124,138,422)
124,136,510
Total
Short-Term
Investments
(Cost
$160,630,798)
160,628,886
Total
Investments
—
129.9%
(Cost
$160,630,798)
160,628,886
Liabilities
in
excess
of
other
assets
—
(29.9%)
(
36,940,486
)
Net
Assets
—
100.0%
$
123,688,400
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$63,525,503.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
UltraPro
Short
Russell2000
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
Russell
2000
E-Mini
Index
107
3/15/2024
U.S.
Dollar
$
11,006,555
$
(
83,082
)
Swap
Agreements
UltraPro
Short
Russell2000
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(48,481,895)
11/14/2024
Bank
of
America
NA
(5.08)%
Russell
2000
®
Index
(
8,509,132
)
(40,011,845)
11/6/2025
Barclays
Capital
(5.43)%
Russell
2000
®
Index
(
9,137,189
)
(33,504,166)
11/14/2024
BNP
Paribas
SA
(5.23)%
Russell
2000
®
Index
(
12,569,160
)
(47,051,726)
11/6/2025
Citibank
NA
(5.14)%
Russell
2000
®
Index
(
9,929,778
)
(31,034,249)
11/6/2025
Goldman
Sachs
International
(5.33)%
Russell
2000
®
Index
(
8,766,297
)
(36,574,097)
3/6/2024
Morgan
Stanley
&
Co.
International
plc
(5.03)%
Russell
2000
®
Index
(
2,887,588
)
(72,852,297)
3/6/2024
Societe
Generale
(5.18)%
Russell
2000
®
Index
(
10,858,228
)
(50,559,449)
11/6/2025
UBS
AG
(4.83)%
Russell
2000
®
Index
(
12,749,810
)
(360,069,724)
(
75,407,182
)
Total
Unrealized
Depreciation
(
75,407,182
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRAPRO
SHORT
S&P500
®
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
153
SPXU
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
192
.7
%
Repurchase
Agreements
(a)
—
16
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$105,097,974
(Cost
$105,082,514)
$
105,082,514
$
105,082,514
U.S.
Treasury
Obligations
(b)
—
176
.2
%
U.S.
Treasury
Bills
5.29%,
3/5/2024
(c)
75,000,000
74,956,120
5.29%,
3/12/2024
(c)
100,000,000
99,838,850
5.42%,
3/14/2024
(c)
100,000,000
99,809,749
5.44%,
3/21/2024
(c)
75,000,000
74,779,792
5.46%,
3/28/2024
(c)
50,000,000
49,802,187
5.31%,
4/2/2024
(c)
50,000,000
49,764,667
5.29%,
4/4/2024
(c)
30,000,000
29,850,353
5.29%,
4/11/2024
(c)
50,000,000
49,699,618
5.32%,
4/25/2024
(c)
50,000,000
49,596,628
5.31%,
5/2/2024
(c)
50,000,000
49,546,582
5.32%,
5/9/2024
(c)
100,000,000
98,994,229
5.30%,
5/21/2024
(c)
50,000,000
49,412,131
5.30%,
5/23/2024
(c)
50,000,000
49,396,463
5.29%,
6/11/2024
(c)
50,000,000
49,257,950
5.30%,
6/18/2024
(c)
75,000,000
73,809,970
5.17%,
7/5/2024
(c)
30,000,000
29,459,250
5.11%,
7/18/2024
(c)
50,000,000
49,008,467
5.13%,
7/25/2024
(c)
50,000,000
48,959,750
5.25%,
8/8/2024
(c)
50,000,000
48,860,778
Total
U.S.
Treasury
Obligations
(Cost
$1,124,908,751)
1,124,803,534
Total
Short-Term
Investments
(Cost
$1,229,991,265)
1,229,886,048
Total
Investments
—
192.7%
(Cost
$1,229,991,265)
1,229,886,048
Liabilities
in
excess
of
other
assets
—
(92.7%)
(
591,685,496
)
Net
Assets
—
100.0%
$
638,200,552
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$700,420,866.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
UltraPro
Short
S&P500
®
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
S&P
500
E-Mini
Index
256
3/15/2024
U.S.
Dollar
$
65,328,000
$
(
2,773,496
)
ULTRAPRO
SHORT
S&P500
®
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
154
SPXU
::
Swap
Agreements
UltraPro
Short
S&P500
®
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(242,867,843)
3/6/2025
Bank
of
America
NA
(5.63)%
S&P
500
®
(
56,353,212
)
(260,990,179)
3/6/2024
BNP
Paribas
SA
(5.63)%
S&P
500
®
(
89,950,057
)
(289,009,472)
4/8/2024
Citibank
NA
(5.58)%
S&P
500
®
(
165,851,088
)
(113,891,442)
11/7/2024
Goldman
Sachs
International
(5.68)%
S&P
500
®
(
109,029,019
)
(250,716,099)
4/7/2025
J.P.
Morgan
Securities
(5.53)%
S&P
500
®
(
32,393,019
)
(235,870,664)
4/10/2025
Morgan
Stanley
&
Co.
International
plc
(5.13)%
S&P
500
®
(
18,989,490
)
(217,508,804)
11/14/2024
Societe
Generale
(5.68)%
S&P
500
®
(
78,539,517
)
(238,446,768)
11/7/2024
UBS
AG
(5.48)%
S&P
500
®
(
73,461,024
)
(1,849,301,271)
(
624,566,426
)
Total
Unrealized
Depreciation
(
624,566,426
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
7-10
YEAR
TREASURY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
155
PST
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
79
.9
%
Repurchase
Agreements
(a)
—
79
.9
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$16,921,687
(Cost
$16,919,197)
$
16,919,197
$
16,919,197
Total
Investments
—
79.9%
(Cost
$16,919,197)
16,919,197
Other
assets
less
liabilities
—
20.1%
4,253,872
Net
Assets
—
100.0%
$
21,173,069
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Sold
UltraShort
7-10
Year
Treasury
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
U.S.
Treasury
10
Year
Note
5
6/18/2024
U.S.
Dollar
$
552,500
$
(
1,181
)
Swap
Agreements
UltraShort
7-10
Year
Treasury
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(12,061,829)
11/6/2024
Bank
of
America
NA
(4.84)%
ICE
U.S.
Treasury
7-10
Year
Bond
Index
149,426
(10,273,629)
11/6/2024
Citibank
NA
(4.86)%
ICE
U.S.
Treasury
7-10
Year
Bond
Index
(
469,363
)
(7,746,818)
11/6/2024
Goldman
Sachs
International
(5.11)%
ICE
U.S.
Treasury
7-10
Year
Bond
Index
139,663
(11,831,645)
11/6/2024
Societe
Generale
(5.05)%
ICE
U.S.
Treasury
7-10
Year
Bond
Index
2,364,679
(41,913,921)
2,184,405
Total
Unrealized
Appreciation
2,653,768
Total
Unrealized
Depreciation
(
469,363
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRASHORT
20+
YEAR
TREASURY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
156
TBT
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
112
.9
%
Repurchase
Agreements
(a)
—
21
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$68,056,728
(Cost
$68,046,719)
$
68,046,719
$
68,046,719
U.S.
Treasury
Obligations
(b)
—
91
.9
%
U.S.
Treasury
Bills
5.42%,
3/14/2024
(c)
25,000,000
24,952,437
5.44%,
3/21/2024
(c)
75,000,000
74,779,792
5.46%,
3/28/2024
(c)
75,000,000
74,703,281
5.37%,
4/18/2024
(c)
25,000,000
24,824,500
5.32%,
5/9/2024
(c)
50,000,000
49,497,115
5.30%,
5/21/2024
(c)
50,000,000
49,412,131
Total
U.S.
Treasury
Obligations
(Cost
$298,172,458)
298,169,256
Total
Short-Term
Investments
(Cost
$366,219,177)
366,215,975
Total
Investments
—
112.9%
(Cost
$366,219,177)
366,215,975
Liabilities
in
excess
of
other
assets
—
(12.9%)
(
41,980,765
)
Net
Assets
—
100.0%
$
324,235,210
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$83,115,135.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
UltraShort
20+
Year
Treasury
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
U.S.
Treasury
Long
Bond
77
6/18/2024
U.S.
Dollar
$
9,184,656
$
(
24,208
)
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
20+
YEAR
TREASURY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
157
TBT
::
Swap
Agreements
UltraShort
20+
Year
Treasury
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(108,154,704)
12/10/2024
Bank
of
America
NA
(5.03)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
(
26,808,447
)
(130,733,842)
11/6/2024
Barclays
Capital
(5.11)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
(
1,024,995
)
(91,556,239)
12/10/2024
Citibank
NA
(4.88)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
2,528,030
(141,832,715)
12/10/2024
Goldman
Sachs
International
(4.91)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
(
24,699,114
)
(128,076,619)
11/6/2024
Morgan
Stanley
&
Co.
International
plc
(5.16)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
15,613,862
(44,409,149)
12/10/2024
Societe
Generale
(5.01)%
ICE
U.S.
Treasury
20+
Year
Bond
Index
(
8,691,253
)
(644,763,268)
(
43,081,917
)
Total
Unrealized
Appreciation
18,141,892
Total
Unrealized
Depreciation
(
61,223,809
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRASHORT
CONSUMER
DISCRETIONARY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
158
SCC
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
118
.6
%
Repurchase
Agreements
(a)
—
118
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$1,484,044
(Cost
$1,483,827)
$
1,483,827
$
1,483,827
Total
Investments
—
118.6%
(Cost
$1,483,827)
1,483,827
Liabilities
in
excess
of
other
assets
—
(18.6%)
(
233,046
)
Net
Assets
—
100.0%
$
1,250,781
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
UltraShort
Consumer
Discretionary
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(629,403)
3/6/2025
BNP
Paribas
SA
(5.63)%
S&P
Consumer
Discretionary
Select
Sector
Index
c
(
489,161
)
(528,848)
3/6/2025
Goldman
Sachs
International
(5.43)%
S&P
Consumer
Discretionary
Select
Sector
Index
c
(
289,517
)
(906,862)
3/6/2025
Societe
Generale
(5.43)%
S&P
Consumer
Discretionary
Select
Sector
Index
c
(
386,591
)
(439,465)
3/6/2025
UBS
AG
(5.08)%
S&P
Consumer
Discretionary
Select
Sector
Index
c
(
115,977
)
(2,504,578)
(
1,281,246
)
Total
Unrealized
Depreciation
(
1,281,246
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Consumer
Discretionary
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
CONSUMER
STAPLES
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
159
SZK
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
125
.8
%
Repurchase
Agreements
(a)
—
125
.8
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$1,108,730
(Cost
$1,108,568)
$
1,108,568
$
1,108,568
Total
Investments
—
125.8%
(Cost
$1,108,568)
1,108,568
Liabilities
in
excess
of
other
assets
—
(25.8%)
(
227,482
)
Net
Assets
—
100.0%
$
881,086
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
UltraShort
Consumer
Staples
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(451,313)
3/6/2025
Bank
of
America
NA
(5.18)%
S&P
Consumer
Staples
Select
Sector
Index
c
(
71,801
)
(305,874)
3/6/2025
Goldman
Sachs
International
(5.43)%
S&P
Consumer
Staples
Select
Sector
Index
c
(
7,168
)
(569,015)
3/6/2025
Societe
Generale
(5.43)%
S&P
Consumer
Staples
Select
Sector
Index
c
(
141,126
)
(431,821)
3/6/2025
UBS
AG
(5.08)%
S&P
Consumer
Staples
Select
Sector
Index
c
(
98,917
)
(1,758,023)
(
319,012
)
Total
Unrealized
Depreciation
(
319,012
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Consumer
Staples
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
ULTRASHORT
DOW30
~
SM
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
160
DXD
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
98
.2
%
Repurchase
Agreements
(a)
—
65
.9
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$50,972,868
(Cost
$50,965,372)
$
50,965,372
$
50,965,372
U.S.
Treasury
Obligations
(b)
—
32
.3
%
U.S.
Treasury
Bills
5.32%,
3/12/2024
(c)
(Cost
$24,959,716)
25,000,000
24,959,713
Total
Short-Term
Investments
(Cost
$75,925,088)
75,925,085
Total
Investments
—
98.2%
(Cost
$75,925,088)
75,925,085
Other
assets
less
liabilities
—
1.8%
1,409,783
Net
Assets
—
100.0%
$
77,334,868
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$7,973,115.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
UltraShort
Dow30
SM
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
DJIA
CBOT
E-Mini
Index
15
3/15/2024
U.S.
Dollar
$
2,928,225
$
(
77,171
)
Swap
Agreements
UltraShort
Dow30
SM
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(18,055,328)
3/6/2024
Bank
of
America
NA
(5.78)%
Dow
Jones
Industrial
Average
SM
(
1,986,842
)
(20,473,105)
11/6/2025
Barclays
Capital
(5.53)%
Dow
Jones
Industrial
Average
SM
(
1,719,108
)
(21,136,043)
2/11/2025
BNP
Paribas
SA
(5.63)%
Dow
Jones
Industrial
Average
SM
(
3,679,931
)
(31,587,076)
3/6/2025
Citibank
NA
(5.63)%
Dow
Jones
Industrial
Average
SM
(
4,651,743
)
(26,414,712)
11/7/2024
Goldman
Sachs
International
(5.68)%
Dow
Jones
Industrial
Average
SM
(
4,195,771
)
(19,030,238)
11/14/2024
Societe
Generale
(5.63)%
Dow
Jones
Industrial
Average
SM
(
1,528,756
)
(15,028,897)
11/7/2024
UBS
AG
(5.18)%
Dow
Jones
Industrial
Average
SM
(
4,842,007
)
(151,725,399)
(
22,604,158
)
Total
Unrealized
Depreciation
(
22,604,158
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
ENERGY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
161
DUG
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
142
.5
%
Repurchase
Agreements
(a)
—
43
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$6,070,198
(Cost
$6,069,303)
$
6,069,303
$
6,069,303
U.S.
Treasury
Obligations
(b)
—
98
.9
%
U.S.
Treasury
Bills
5.30%,
5/9/2024
(c)
7,000,000
6,929,596
5.08%,
8/8/2024
(c)
7,000,000
6,840,509
Total
U.S.
Treasury
Obligations
(Cost
$13,775,858)
13,770,105
Total
Short-Term
Investments
(Cost
$19,845,161)
19,839,408
Total
Investments
—
142.5%
(Cost
$19,845,161)
19,839,408
Liabilities
in
excess
of
other
assets
—
(42.5%)
(
5,916,031
)
Net
Assets
—
100.0%
$
13,923,377
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$7,479,162.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Swap
Agreements
UltraShort
Energy
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(5,090,122)
3/6/2025
Bank
of
America
NA
(5.03)%
S&P
Energy
Select
Sector
Index
c
(
1,280,197
)
(10,856,227)
3/6/2025
BNP
Paribas
SA
(5.63)%
S&P
Energy
Select
Sector
Index
c
(
2,278,587
)
(4,439,342)
3/6/2025
Goldman
Sachs
International
(5.43)%
S&P
Energy
Select
Sector
Index
c
(
711,334
)
(4,455,544)
3/6/2025
Societe
Generale
(5.43)%
S&P
Energy
Select
Sector
Index
c
(
1,114,346
)
(3,008,168)
3/6/2025
UBS
AG
(5.13)%
S&P
Energy
Select
Sector
Index
c
(
491,896
)
(27,849,403)
(
5,876,360
)
Total
Unrealized
Depreciation
(
5,876,360
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Energy
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
ULTRASHORT
FINANCIALS
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
162
SKF
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
165
.2
%
Repurchase
Agreements
(a)
—
39
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$6,724,331
(Cost
$6,723,343)
$
6,723,343
$
6,723,343
U.S.
Treasury
Obligations
(b)
—
126
.0
%
U.S.
Treasury
Bills
5.30%,
5/9/2024
(c)
10,000,000
9,899,423
5.08%,
8/8/2024
(c)
12,000,000
11,726,587
Total
U.S.
Treasury
Obligations
(Cost
$21,635,797)
21,626,010
Total
Short-Term
Investments
(Cost
$28,359,140)
28,349,353
Total
Investments
—
165.2%
(Cost
$28,359,140)
28,349,353
Liabilities
in
excess
of
other
assets
—
(65.2%)
(
11,186,581
)
Net
Assets
—
100.0%
$
17,162,772
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$11,895,125.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Swap
Agreements
UltraShort
Financials
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(11,747,239)
3/6/2025
Bank
of
America
NA
(5.43)%
S&P
Financial
Select
Sector
Index
c
(
2,835,189
)
(8,222,868)
3/6/2025
BNP
Paribas
SA
(5.63)%
S&P
Financial
Select
Sector
Index
c
(
2,023,087
)
(837,386)
4/7/2025
Citibank
NA
(5.28)%
S&P
Financial
Select
Sector
Index
c
(
168,791
)
(5,809,052)
3/6/2025
Goldman
Sachs
International
(5.43)%
S&P
Financial
Select
Sector
Index
c
(
1,384,598
)
(4,383,113)
3/6/2025
Societe
Generale
(5.63)%
S&P
Financial
Select
Sector
Index
c
(
2,618,858
)
(3,327,689)
3/6/2025
UBS
AG
(5.43)%
S&P
Financial
Select
Sector
Index
c
(
2,119,471
)
(34,327,347)
(
11,149,994
)
Total
Unrealized
Depreciation
(
11,149,994
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Financials
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
FTSE
CHINA
50
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
163
FXP
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
47
.9
%
Repurchase
Agreements
(a)
—
47
.9
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$8,596,880
(Cost
$8,595,614)
$
8,595,614
$
8,595,614
Total
Investments
—
47.9%
(Cost
$8,595,614)
8,595,614
Other
assets
less
liabilities
—
52.1%
9,332,115
Net
Assets
—
100.0%
$
17,927,729
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
UltraShort
FTSE
China
50
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(10,607,715)
3/6/2025
Bank
of
America
NA
(3.83)%
iShares
®
China
Large-Cap
ETF
(
120,356
)
(431,752)
11/14/2024
Citibank
NA
(2.58)%
iShares
®
China
Large-Cap
ETF
1,494,839
(16,033,348)
3/6/2025
Goldman
Sachs
International
(4.83)%
iShares
®
China
Large-Cap
ETF
(
1,654,707
)
(1,087,552)
11/14/2024
Morgan
Stanley
&
Co.
International
plc
(4.78)%
iShares
®
China
Large-Cap
ETF
282,454
(690,593)
11/14/2024
Societe
Generale
(3.88)%
iShares
®
China
Large-Cap
ETF
981,728
(6,872,715)
11/13/2025
UBS
AG
(3.58)%
iShares
®
China
Large-Cap
ETF
(
889,169
)
(35,723,675)
94,789
Total
Unrealized
Appreciation
2,759,021
Total
Unrealized
Depreciation
(
2,664,232
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRASHORT
FTSE
EUROPE
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
164
EPV
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
87
.2
%
Repurchase
Agreements
(a)
—
87
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$26,084,129
(Cost
$26,080,291)
$
26,080,291
$
26,080,291
Total
Investments
—
87.2%
(Cost
$26,080,291)
26,080,291
Other
assets
less
liabilities
—
12.8%
3,840,899
Net
Assets
—
100.0%
$
29,921,190
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
UltraShort
FTSE
Europe
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(8,832,201)
11/14/2024
Citibank
NA
(4.53)%
Vanguard
®
FTSE
Europe
ETF
Shares
(
465,176
)
(22,017,181)
3/6/2025
Goldman
Sachs
International
(1.83)%
Vanguard
®
FTSE
Europe
ETF
Shares
(
13,360,820
)
(393,705)
11/14/2024
Morgan
Stanley
&
Co.
International
plc
(4.78)%
Vanguard
®
FTSE
Europe
ETF
Shares
(
17,370
)
(20,406,570)
11/14/2024
Societe
Generale
(4.58)%
Vanguard
®
FTSE
Europe
ETF
Shares
(
1,957,390
)
(8,199,185)
4/10/2024
UBS
AG
(2.58)%
Vanguard
®
FTSE
Europe
ETF
Shares
(
1,718,797
)
(59,848,842)
(
17,519,553
)
Total
Unrealized
Depreciation
(
17,519,553
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
HEALTH
CARE
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
165
RXD
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
129
.3
%
Repurchase
Agreements
(a)
—
129
.3
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$1,395,351
(Cost
$1,395,146)
$
1,395,146
$
1,395,146
Total
Investments
—
129.3%
(Cost
$1,395,146)
1,395,146
Liabilities
in
excess
of
other
assets
—
(29.3%)
(
316,474
)
Net
Assets
—
100.0%
$
1,078,672
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
UltraShort
Health
Care
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(560,046)
3/6/2025
Bank
of
America
NA
(5.38)%
S&P
Health
Care
Select
Sector
Index
c
(
81,404
)
(381,650)
3/6/2025
BNP
Paribas
SA
(5.63)%
S&P
Health
Care
Select
Sector
Index
c
(
154,814
)
(112,594)
4/7/2025
Citibank
NA
(5.13)%
S&P
Health
Care
Select
Sector
Index
c
(
8,661
)
(232,499)
3/6/2025
Goldman
Sachs
International
(5.43)%
S&P
Health
Care
Select
Sector
Index
c
(
61,495
)
(538,112)
3/6/2025
Societe
Generale
(5.53)%
S&P
Health
Care
Select
Sector
Index
c
(
164,991
)
(329,008)
3/6/2025
UBS
AG
(5.08)%
S&P
Health
Care
Select
Sector
Index
c
(
143,261
)
(2,153,909)
(
614,626
)
Total
Unrealized
Depreciation
(
614,626
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Health
Care
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
ULTRASHORT
INDUSTRIALS
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
166
SIJ
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
123
.9
%
Repurchase
Agreements
(a)
—
123
.9
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$1,958,606
(Cost
$1,958,319)
$
1,958,319
$
1,958,319
Total
Investments
—
123.9%
(Cost
$1,958,319)
1,958,319
Liabilities
in
excess
of
other
assets
—
(23.9%)
(
378,095
)
Net
Assets
—
100.0%
$
1,580,224
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
UltraShort
Industrials
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(640,963)
3/6/2025
Bank
of
America
NA
(5.23)%
S&P
Industrials
Select
Sector
Index
c
(
231,688
)
(1,376,973)
3/6/2025
BNP
Paribas
SA
(5.63)%
S&P
Industrials
Select
Sector
Index
c
(
563,521
)
(201,062)
3/6/2025
Goldman
Sachs
International
(5.43)%
S&P
Industrials
Select
Sector
Index
c
(
77,328
)
(644,618)
3/6/2025
Societe
Generale
(5.43)%
S&P
Industrials
Select
Sector
Index
c
(
325,032
)
(293,673)
3/6/2025
UBS
AG
(5.08)%
S&P
Industrials
Select
Sector
Index
c
(
101,770
)
(3,157,289)
(
1,299,339
)
Total
Unrealized
Depreciation
(
1,299,339
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Industrials
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
MATERIALS
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
167
SMN
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
108
.2
%
Repurchase
Agreements
(a)
—
108
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$1,153,334
(Cost
$1,153,164)
$
1,153,164
$
1,153,164
Total
Investments
—
108.2%
(Cost
$1,153,164)
1,153,164
Liabilities
in
excess
of
other
assets
—
(8.2%)
(
87,102
)
Net
Assets
—
100.0%
$
1,066,062
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
UltraShort
Materials
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(368,821)
3/6/2025
Bank
of
America
NA
(4.93)%
S&P
Materials
Select
Sector
Index
c
(
80,474
)
(837,047)
3/6/2025
BNP
Paribas
SA
(5.63)%
S&P
Materials
Select
Sector
Index
c
(
284,251
)
(311,222)
3/6/2025
Goldman
Sachs
International
(5.43)%
S&P
Materials
Select
Sector
Index
c
(
47,463
)
(279,635)
3/6/2025
Societe
Generale
(5.43)%
S&P
Materials
Select
Sector
Index
c
(
158,130
)
(335,376)
3/6/2025
UBS
AG
(5.08)%
S&P
Materials
Select
Sector
Index
c
(
130,893
)
(2,132,101)
(
701,211
)
Total
Unrealized
Depreciation
(
701,211
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Materials
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
ULTRASHORT
MIDCAP400
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
168
MZZ
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
122
.1
%
Repurchase
Agreements
(a)
—
122
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$1,987,616
(Cost
$1,987,322)
$
1,987,322
$
1,987,322
Total
Investments
—
122.1%
(Cost
$1,987,322)
1,987,322
Liabilities
in
excess
of
other
assets
—
(22.1%)
(
359,120
)
Net
Assets
—
100.0%
$
1,628,202
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Sold
UltraShort
MidCap400
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
S&P
Midcap
400
E-Mini
Index
1
3/15/2024
U.S.
Dollar
$
289,260
$
(
24,327
)
Swap
Agreements
UltraShort
MidCap400
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(326,646)
2/11/2025
Bank
of
America
NA
(5.68)%
S&P
MidCap
400
®
(
193,249
)
(659,073)
2/11/2025
BNP
Paribas
SA
(5.53)%
S&P
MidCap
400
®
(
154,892
)
(404,694)
11/6/2025
Citibank
NA
(5.53)%
S&P
MidCap
400
®
(
86,442
)
(1,081,110)
3/6/2024
Morgan
Stanley
&
Co.
International
plc
(5.13)%
S&P
MidCap
400
®
(
205,565
)
(494,304)
11/14/2024
Societe
Generale
(5.31)%
S&P
MidCap
400
®
(
16,022
)
(2,965,827)
(
656,170
)
Total
Unrealized
Depreciation
(
656,170
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
MSCI
BRAZIL
CAPPED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
169
BZQ
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
77
.1
%
Repurchase
Agreements
(a)
—
77
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$5,242,263
(Cost
$5,241,491)
$
5,241,491
$
5,241,491
Total
Investments
—
77.1%
(Cost
$5,241,491)
5,241,491
Other
assets
less
liabilities
—
22.9%
1,558,535
Net
Assets
—
100.0%
$
6,800,026
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
UltraShort
MSCI
Brazil
Capped
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(1,015,626)
4/10/2024
Bank
of
America
NA
(3.83)%
iShares
®
MSCI
Brazil
Capped
ETF
(
220,468
)
(4,565,845)
11/14/2024
Citibank
NA
(5.13)%
iShares
®
MSCI
Brazil
Capped
ETF
(
2,044,234
)
(1,529,911)
3/6/2025
Goldman
Sachs
International
(3.33)%
iShares
®
MSCI
Brazil
Capped
ETF
(
1,414,450
)
(2,000,827)
11/14/2024
Morgan
Stanley
&
Co.
International
plc
(4.78)%
iShares
®
MSCI
Brazil
Capped
ETF
(
372,095
)
(1,077,193)
11/14/2024
Societe
Generale
(4.48)%
iShares
®
MSCI
Brazil
Capped
ETF
(
621,047
)
(3,409,028)
3/6/2025
UBS
AG
(4.58)%
iShares
®
MSCI
Brazil
Capped
ETF
(
1,204,759
)
(13,598,430)
(
5,877,053
)
Total
Unrealized
Depreciation
(
5,877,053
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRASHORT
MSCI
EAFE
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
170
EFU
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
156
.1
%
Repurchase
Agreements
(a)
—
156
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$1,105,193
(Cost
$1,105,031)
$
1,105,031
$
1,105,031
Total
Investments
—
156.1%
(Cost
$1,105,031)
1,105,031
Liabilities
in
excess
of
other
assets
—
(56.1%)
(
397,034
)
Net
Assets
—
100.0%
$
707,997
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
UltraShort
MSCI
EAFE
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(119,103)
11/14/2024
Citibank
NA
(4.93)%
iShares
®
MSCI
EAFE
ETF
(
69,035
)
(152,696)
11/14/2024
Goldman
Sachs
International
(5.38)%
iShares
®
MSCI
EAFE
ETF
16,977
(326,770)
11/14/2024
Societe
Generale
(4.73)%
iShares
®
MSCI
EAFE
ETF
(
213,377
)
(823,031)
4/10/2024
UBS
AG
(4.93)%
iShares
®
MSCI
EAFE
ETF
(
681,825
)
(1,421,600)
(
947,260
)
Total
Unrealized
Appreciation
16,977
Total
Unrealized
Depreciation
(
964,237
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
MSCI
EMERGING
MARKETS
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
171
EEV
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
83
.3
%
Repurchase
Agreements
(a)
—
83
.3
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$5,025,724
(Cost
$5,024,983)
$
5,024,983
$
5,024,983
Total
Investments
—
83.3%
(Cost
$5,024,983)
5,024,983
Other
assets
less
liabilities
—
16.7%
1,008,354
Net
Assets
—
100.0%
$
6,033,337
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
UltraShort
MSCI
Emerging
Markets
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(2,656,377)
11/14/2024
Citibank
NA
(4.78)%
iShares
®
MSCI
Emerging
Markets
ETF
(
33,255
)
(2,079,718)
11/14/2024
Goldman
Sachs
International
(4.83)%
iShares
®
MSCI
Emerging
Markets
ETF
(
199,869
)
(2,075,555)
11/14/2024
Societe
Generale
(3.83)%
iShares
®
MSCI
Emerging
Markets
ETF
(
222,473
)
(5,253,422)
3/6/2025
UBS
AG
(4.23)%
iShares
®
MSCI
Emerging
Markets
ETF
(
212,111
)
(12,065,072)
(
667,708
)
Total
Unrealized
Depreciation
(
667,708
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRASHORT
MSCI
JAPAN
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
172
EWV
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
90
.0
%
Repurchase
Agreements
(a)
—
90
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$3,622,183
(Cost
$3,621,651)
$
3,621,651
$
3,621,651
Total
Investments
—
90.0%
(Cost
$3,621,651)
3,621,651
Other
assets
less
liabilities
—
10.0%
401,896
Net
Assets
—
100.0%
$
4,023,547
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
a
UltraShort
MSCI
Japan
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
b
Counterparty
Rate
Paid
(Received)
c
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(3,906,480)
4/10/2024
Bank
of
America
NA
(4.88)%
iShares
®
MSCI
Japan
ETF
(
1,268,864
)
(1,302,304)
11/14/2024
Morgan
Stanley
&
Co.
International
plc
(4.78)%
iShares
®
MSCI
Japan
ETF
(
192,500
)
(1,675,535)
11/14/2024
Societe
Generale
(4.38)%
iShares
®
MSCI
Japan
ETF
(
471,075
)
(1,190,174)
11/14/2024
UBS
AG
(4.68)%
iShares
®
MSCI
Japan
ETF
(
360,866
)
(8,074,493)
(
2,293,305
)
Total
Unrealized
Depreciation
(
2,293,305
)
a
In
order
to
facilitate
the
daily
valuation
of
these
swap
transactions
as
of
close
of
business
New
York
time,
one
or
more
financial
products
traded
on
a
U.S.
exchange
are
used
as
the
reference
entity
as
a
surrogate
for
the
respective
underlying
index
for
the
purposes
of
both
daily
valuation
calculation
as
well
as
final
settlement
of
the
swap.
b
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
c
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
NASDAQ
BIOTECHNOLOGY
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
173
BIS
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
99
.4
%
Repurchase
Agreements
(a)
—
99
.4
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$3,878,160
(Cost
$3,877,589)
$
3,877,589
$
3,877,589
Total
Investments
—
99.4%
(Cost
$3,877,589)
3,877,589
Other
assets
less
liabilities
—
0.6%
24,366
Net
Assets
—
100.0%
$
3,901,955
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
UltraShort
Nasdaq
Biotechnology
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(588,998)
3/6/2025
Bank
of
America
NA
(5.08)%
Nasdaq
Biotechnology
Index
®
164,737
(1,377,282)
11/6/2025
BNP
Paribas
SA
(5.13)%
Nasdaq
Biotechnology
Index
®
(
285,525
)
(965,426)
3/6/2025
Citibank
NA
(4.33)%
Nasdaq
Biotechnology
Index
®
(
4,501
)
(1,018,569)
3/6/2024
Morgan
Stanley
&
Co.
International
plc
(4.78)%
Nasdaq
Biotechnology
Index
®
(
41,714
)
(3,272,706)
11/14/2024
Societe
Generale
(5.38)%
Nasdaq
Biotechnology
Index
®
(
34,778
)
(584,570)
11/6/2025
UBS
AG
(4.33)%
Nasdaq
Biotechnology
Index
®
(
148,514
)
(7,807,551)
(
350,295
)
Total
Unrealized
Appreciation
164,737
Total
Unrealized
Depreciation
(
515,032
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRASHORT
QQQ
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
174
QID
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
178
.7
%
Repurchase
Agreements
(a)
—
31
.8
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$85,657,370
(Cost
$85,644,771)
$
85,644,771
$
85,644,771
U.S.
Treasury
Obligations
(b)
—
146
.9
%
U.S.
Treasury
Bills
5.27%,
3/12/2024
(c)
25,000,000
24,959,713
5.42%,
3/14/2024
(c)
25,000,000
24,952,437
5.44%,
3/21/2024
(c)
75,000,000
74,779,792
5.31%,
4/2/2024
(c)
25,000,000
24,882,333
5.29%,
4/4/2024
(c)
25,000,000
24,875,294
5.29%,
4/11/2024
(c)
25,000,000
24,849,809
5.32%,
4/25/2024
(c)
25,000,000
24,798,314
5.25%,
5/9/2024
(c)
25,000,000
24,748,557
5.30%,
5/21/2024
(c)
50,000,000
49,412,131
5.17%,
7/5/2024
(c)
25,000,000
24,549,375
5.13%,
7/25/2024
(c)
25,000,000
24,479,875
5.25%,
8/8/2024
(c)
50,000,000
48,860,778
Total
U.S.
Treasury
Obligations
(Cost
$396,184,548)
396,148,408
Total
Short-Term
Investments
(Cost
$481,829,319)
481,793,179
Total
Investments
—
178.7%
(Cost
$481,829,319)
481,793,179
Liabilities
in
excess
of
other
assets
—
(78.7%)
(
212,214,253
)
Net
Assets
—
100.0%
$
269,578,926
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$234,799,584.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
UltraShort
QQQ
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
Nasdaq
100
E-Mini
Index
30
3/15/2024
U.S.
Dollar
$
10,849,650
$
(
189,850
)
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
QQQ
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
175
QID
::
Swap
Agreements
UltraShort
QQQ
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(65,805,921)
11/14/2024
Bank
of
America
NA
(5.68)%
Nasdaq-100
Index
®
(
38,102,806
)
(36,214,007)
11/6/2025
Barclays
Capital
(5.53)%
Nasdaq-100
Index
®
(
9,123,896
)
(65,174,386)
11/14/2024
BNP
Paribas
SA
(5.73)%
Nasdaq-100
Index
®
(
48,958,097
)
(70,515,366)
3/6/2025
Citibank
NA
(5.68)%
Nasdaq-100
Index
®
(
40,639,686
)
(59,147,740)
11/7/2024
Goldman
Sachs
International
(5.68)%
Nasdaq-100
Index
®
(
25,978,720
)
(28,924,292)
4/7/2025
J.P.
Morgan
Securities
(5.63)%
Nasdaq-100
Index
®
(
5,047,582
)
(43,738,292)
4/10/2025
Morgan
Stanley
&
Co.
International
plc
(5.13)%
Nasdaq-100
Index
®
(
7,644,722
)
(80,710,141)
4/8/2024
Societe
Generale
(5.98)%
Nasdaq-100
Index
®
(
57,409,143
)
(78,071,030)
11/7/2024
UBS
AG
(5.48)%
Nasdaq-100
Index
®
(
30,737,423
)
(528,301,175)
(
263,642,075
)
Total
Unrealized
Depreciation
(
263,642,075
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRASHORT
REAL
ESTATE
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
176
SRS
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
123
.9
%
Repurchase
Agreements
(a)
—
55
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$22,451,372
(Cost
$22,448,070)
$
22,448,070
$
22,448,070
U.S.
Treasury
Obligations
(b)
—
68
.3
%
U.S.
Treasury
Bills
5.30%,
5/9/2024
(c)
14,000,000
13,859,192
5.08%,
8/8/2024
(c)
14,000,000
13,681,018
Total
U.S.
Treasury
Obligations
(Cost
$27,551,715)
27,540,210
Total
Short-Term
Investments
(Cost
$49,999,785)
49,988,280
Total
Investments
—
123.9%
(Cost
$49,999,785)
49,988,280
Liabilities
in
excess
of
other
assets
—
(23.9%)
(
9,633,634
)
Net
Assets
—
100.0%
$
40,354,646
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$13,797,589.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Swap
Agreements
UltraShort
Real
Estate
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(36,781,426)
3/6/2025
Bank
of
America
NA
(5.68)%
S&P
Real
Estate
Select
Sector
index
c
(
2,432,464
)
(27,293,800)
3/6/2025
BNP
Paribas
SA
(5.63)%
S&P
Real
Estate
Select
Sector
index
c
(
4,268,974
)
(4,656,919)
4/7/2025
Citibank
NA
(5.23)%
S&P
Real
Estate
Select
Sector
index
c
(
372,725
)
(5,285,050)
3/6/2025
Goldman
Sachs
International
(5.43)%
S&P
Real
Estate
Select
Sector
index
c
(
1,256,553
)
(3,512,229)
3/6/2025
Societe
Generale
(5.58)%
S&P
Real
Estate
Select
Sector
index
c
(
1,022,249
)
(3,029,465)
3/6/2025
UBS
AG
(4.98)%
S&P
Real
Estate
Select
Sector
index
c
(
598,698
)
(80,558,889)
(
9,951,663
)
Total
Unrealized
Depreciation
(
9,951,663
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Real
Estate
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
RUSSELL2000
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
177
TWM
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
93
.1
%
Repurchase
Agreements
(a)
—
93
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$55,756,265
(Cost
$55,748,063)
$
55,748,063
$
55,748,063
Total
Investments
—
93.1%
(Cost
$55,748,063)
55,748,063
Other
assets
less
liabilities
—
6.9%
4,138,796
Net
Assets
—
100.0%
$
59,886,859
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Sold
UltraShort
Russell2000
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
Russell
2000
E-Mini
Index
48
3/15/2024
U.S.
Dollar
$
4,937,520
$
(
70,569
)
Swap
Agreements
UltraShort
Russell2000
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(8,562,518)
3/6/2024
Bank
of
America
NA
(5.08)%
Russell
2000
®
Index
(
3,792,682
)
(14,905,809)
11/6/2025
Barclays
Capital
(5.43)%
Russell
2000
®
Index
(
2,305,199
)
(6,869,330)
2/11/2025
BNP
Paribas
SA
(5.23)%
Russell
2000
®
Index
(
1,140,189
)
(7,876,202)
3/6/2025
Citibank
NA
(5.14)%
Russell
2000
®
Index
(
2,598,439
)
(1,456,882)
11/7/2024
Goldman
Sachs
International
(5.33)%
Russell
2000
®
Index
277,180
(31,525,355)
11/6/2025
Morgan
Stanley
&
Co.
International
plc
(5.03)%
Russell
2000
®
Index
(
6,604,301
)
(13,468,252)
11/6/2025
Morgan
Stanley
&
Co.
International
plc
(5.03)%
iShares
®
Russell
2000
ETF
(
3,172,569
)
(44,993,607)
(
9,776,870
)
(15,627,058)
11/6/2025
Societe
Generale
(5.18)%
Russell
2000
®
Index
(
4,157,776
)
(14,545,914)
11/7/2024
UBS
AG
(4.83)%
Russell
2000
®
Index
(
144,835
)
(114,837,320)
(
23,638,810
)
Total
Unrealized
Appreciation
277,180
Total
Unrealized
Depreciation
(
23,915,990
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRASHORT
S&P500
®
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
178
SDS
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
149
.3
%
Repurchase
Agreements
(a)
—
16
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$102,413,745
(Cost
$102,398,679)
$
102,398,679
$
102,398,679
U.S.
Treasury
Obligations
(b)
—
132
.7
%
U.S.
Treasury
Bills
5.32%,
3/12/2024
(c)
75,000,000
74,879,138
5.42%,
3/14/2024
(c)
50,000,000
49,904,874
5.44%,
3/21/2024
(c)
100,000,000
99,706,389
5.31%,
4/2/2024
(c)
50,000,000
49,764,667
5.29%,
4/11/2024
(c)
40,000,000
39,759,694
5.32%,
4/25/2024
(c)
30,000,000
29,757,977
5.31%,
5/2/2024
(c)
50,000,000
49,546,582
5.33%,
5/9/2024
(c)
60,000,000
59,396,537
5.30%,
5/21/2024
(c)
50,000,000
49,412,131
5.30%,
6/18/2024
(c)
75,000,000
73,809,970
4.91%,
7/11/2024
(c)
100,000,000
98,114,600
5.11%,
7/18/2024
(c)
100,000,000
98,016,933
5.13%,
7/25/2024
(c)
50,000,000
48,959,750
Total
U.S.
Treasury
Obligations
(Cost
$821,267,134)
821,029,242
Total
Short-Term
Investments
(Cost
$923,665,813)
923,427,921
Total
Investments
—
149.3%
(Cost
$923,665,813)
923,427,921
Liabilities
in
excess
of
other
assets
—
(49.3%)
(
304,719,098
)
Net
Assets
—
100.0%
$
618,708,823
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$364,597,187.
(c)
The
rate
shown
was
the
current
yield
as
of
February
29,
2024.
Futures
Contracts
Sold
UltraShort
S&P500
®
had
the
following
open
short
futures
contracts
as
of
February
29,
2024:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
S&P
500
E-Mini
Index
227
3/15/2024
U.S.
Dollar
$
57,927,563
$
(
3,182,585
)
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
S&P500
®
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
179
SDS
::
Swap
Agreements
UltraShort
S&P500
®
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(131,198,375)
3/6/2025
Bank
of
America
NA
(5.63)%
S&P
500
®
(
25,451,143
)
(161,011,554)
2/11/2025
BNP
Paribas
SA
(5.63)%
S&P
500
®
(
37,185,057
)
(145,687,071)
4/8/2024
Citibank
NA
(5.58)%
S&P
500
®
(
87,909,826
)
(112,805,936)
11/7/2024
Goldman
Sachs
International
(5.68)%
S&P
500
®
(
54,249,493
)
(121,428,825)
4/7/2025
J.P.
Morgan
Securities
(5.53)%
S&P
500
®
(
14,572,646
)
(184,286,219)
4/10/2025
Morgan
Stanley
&
Co.
International
plc
(5.13)%
S&P
500
®
(
14,288,652
)
(183,266,966)
11/14/2024
Societe
Generale
(5.68)%
S&P
500
®
(
54,391,093
)
(139,814,435)
11/7/2024
UBS
AG
(5.48)%
S&P
500
®
(
49,151,557
)
(1,179,499,381)
(
337,199,467
)
Total
Unrealized
Depreciation
(
337,199,467
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRASHORT
SEMICONDUCTORS
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
180
SSG
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
111
.5
%
Repurchase
Agreements
(a)
—
111
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$6,247,499
(Cost
$6,246,580)
$
6,246,580
$
6,246,580
Total
Investments
—
111.5%
(Cost
$6,246,580)
6,246,580
Liabilities
in
excess
of
other
assets
—
(11.5%)
(
644,380
)
Net
Assets
—
100.0%
$
5,602,200
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
UltraShort
Semiconductors
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(2,317,799)
3/6/2025
Bank
of
America
NA
(5.53)%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
(
1,934,415
)
(743,445)
11/6/2025
BNP
Paribas
SA
(5.43)%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
(
528,530
)
(1,034,992)
3/6/2024
Goldman
Sachs
International
(5.43)%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
(
781,473
)
(932,950)
4/7/2025
J.P.
Morgan
Securities
(5.53)%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
(
317,052
)
(626,826)
4/7/2025
Morgan
Stanley
&
Co.
International
plc
(4.98)%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
(
8,213
)
(3,221,594)
11/6/2025
Societe
Generale
(5.53)%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
(
47,528
)
(2,332,376)
11/6/2025
UBS
AG
(5.43)%
Dow
Jones
U.S.
Semiconductors
SM
Index
c
(
44,078
)
(11,209,982)
(
3,661,289
)
Total
Unrealized
Depreciation
(
3,661,289
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Semiconductors
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
SMALLCAP600
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
181
SDD
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
92
.7
%
Repurchase
Agreements
(a)
—
92
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$2,162,203
(Cost
$2,161,885)
$
2,161,885
$
2,161,885
Total
Investments
—
92.7%
(Cost
$2,161,885)
2,161,885
Other
assets
less
liabilities
—
7.3%
171,370
Net
Assets
—
100.0%
$
2,333,255
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
UltraShort
SmallCap600
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(747,805)
3/6/2024
Bank
of
America
NA
(5.53)%
S&P
SmallCap
600
®
(
415,534
)
(1,515,186)
3/6/2024
Morgan
Stanley
&
Co.
International
plc
(4.98)%
S&P
SmallCap
600
®
(
196,965
)
(1,509,966)
3/6/2025
Societe
Generale
(5.18)%
S&P
SmallCap
600
®
(
81,321
)
(893,973)
11/7/2024
UBS
AG
(5.18)%
S&P
SmallCap
600
®
87,735
(4,666,930)
(
606,085
)
Total
Unrealized
Appreciation
87,735
Total
Unrealized
Depreciation
(
693,820
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRASHORT
TECHNOLOGY
::
FEBRUARY
29,
2024
(UNAUDITED)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
182
REW
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
105
.7
%
Repurchase
Agreements
(a)
—
105
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$3,732,468
(Cost
$3,731,919)
$
3,731,919
$
3,731,919
Total
Investments
—
105.7%
(Cost
$3,731,919)
3,731,919
Liabilities
in
excess
of
other
assets
—
(5.7%)
(
200,874
)
Net
Assets
—
100.0%
$
3,531,045
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
UltraShort
Technology
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
(854,567)
3/6/2025
Bank
of
America
NA
(5.53)%
S&P
Technology
Select
Sector
Index
c
(
352,837
)
(1,788,338)
3/6/2025
BNP
Paribas
SA
(5.63)%
S&P
Technology
Select
Sector
Index
c
(
882,736
)
(54,192)
4/7/2025
Citibank
NA
(5.18)%
S&P
Technology
Select
Sector
Index
c
(
13,159
)
(771,195)
3/6/2025
Goldman
Sachs
International
(5.43)%
S&P
Technology
Select
Sector
Index
c
(
307,600
)
(1,265,176)
4/7/2025
J.P.
Morgan
Securities
(5.48)%
S&P
Technology
Select
Sector
Index
c
(
109,838
)
(1,273,513)
3/6/2025
Societe
Generale
(5.43)%
S&P
Technology
Select
Sector
Index
c
(
844,899
)
(1,054,661)
3/6/2025
UBS
AG
(5.18)%
S&P
Technology
Select
Sector
Index
c
(
678,852
)
(7,061,642)
(
3,189,921
)
Total
Unrealized
Depreciation
(
3,189,921
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Technology
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
29,
2024
(UNAUDITED)
::
ULTRASHORT
UTILITIES
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
183
SDP
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
78
.5
%
Repurchase
Agreements
(a)
—
78
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
5.2%
-
5.3%,
dated
2/29/2024,
due
3/1/2024,
total
to
be
received
$756,732
(Cost
$756,620)
$
756,620
$
756,620
Total
Investments
—
78.5%
(Cost
$756,620)
756,620
Other
assets
less
liabilities
—
21.5%
206,997
Net
Assets
—
100.0%
$
963,617
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
UltraShort
Utilities
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
29,
2024:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(380,917)
3/6/2025
Bank
of
America
NA
(5.13)%
S&P
Utilities
Select
Sector
Index
c
48,956
(450,346)
4/7/2025
Goldman
Sachs
International
(5.43)%
S&P
Utilities
Select
Sector
Index
c
(
5,663
)
(959,486)
3/6/2025
Societe
Generale
(5.43)%
S&P
Utilities
Select
Sector
Index
c
(
164,839
)
(133,227)
3/6/2025
UBS
AG
(5.08)%
S&P
Utilities
Select
Sector
Index
c
83,079
(1,923,976)
(
38,467
)
Total
Unrealized
Appreciation
132,035
Total
Unrealized
Depreciation
(
170,502
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
29,
2024,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
See
the
Common
Stocks
section
of
the
Schedule
of
Portfolio
Investments
of
ProShares
Ultra
Utilities
for
the
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
184
::
FEBRUARY
29,
2024
(UNAUDITED)
::
NOTES
TO
FINANCIAL
STATEMENTS
PROSHARES
TRUST
Repurchase
Agreements 
Each
of
the
Funds
may
enter
into
repurchase
agreements.
Repurchase
agreements
are
primarily
used
by
the
Funds
as
short
term
investments
for
cash
positions.
Under
a
repurchase
agreement,
a
Fund
purchases
one
or
more
debt
securities
and
simultaneously
agrees
to
sell
those
securities
back
to
the
seller
at
a
mutually
agreed-upon
future
price
and
date,
normally
one
day
or
a
few
days
later.
The
resale
price
is
greater
than
the
purchase
price,
reflecting
an
agreed-upon
market
interest
rate
during
the
purchaser’s
holding
period.
While
the
maturities
of
the
underlying
securities
in
repurchase
transactions
may
be
more
than
one
year,
the
term
of
each
repurchase
agreement
will
always
be
less
than
one
year.
The
Funds
follow
certain
procedures
designed
to
minimize
the
risks
inherent
in
such
agreements.
These
procedures
include
effecting
repurchase
transactions
generally
with
major
global
financial
institutions
whose
creditworthiness
is
monitored
by
the
Advisor.
In
addition,
the
value
of
the
collateral
underlying
the
repurchase
agreement
is
required
to
be
at
least
equal
to
the
repurchase
price,
including
any
accrued
interest
income
earned
on
the
repurchase
agreement.
The
Funds
may
invest
in
repurchase
agreements
through
joint
account
arrangements;
in
such
cases,
each
Fund
holds
a
pro
rata
share
of
the
collateral
and
interest
income
based
upon
the
dollar
amount
of
the
repurchase
agreements
entered
into
by
each
Fund.
The
collateral
underlying
the
repurchase
agreement
is
held
by
the
Fund’s
custodian.
A
repurchase
agreement
is
subject
to
the
risk
that
the
counterparty
to
the
repurchase
agreement
that
sells
the
securities
may
default
on
its
obligation
to
repurchase
them.
In
this
circumstance,
a
Fund
may
lose
money
because
it
may
not
be
able
to
sell
the
securities
at
the
agreed
upon
time
and
price,
the
securities
may
lose
value
before
they
can
be
sold,
the
selling
institution
may
declare
bankruptcy
or
the
Fund
may
have
difficulty
exercising
rights
to
the
collateral.
During
periods
of
high
demand
for
repurchase
agreements,
the
Funds
may
be
unable
to
invest
available
cash
in
these
instruments
to
the
extent
desired
by
the
Advisor.
On
February
29,
2024,
the
Funds
had
interest
in
joint
repurchase
agreements
with
the
following
counterparties,
for
the
time
periods
and
rates
indicated.
Amounts
shown
in
the
table
below
represent
Principal
Amount,
Cost
and
Value
for
each
respective
repurchase
agreement.
Each
Repurchase
Agreement
was
fully
collateralized
by
U.S.
government
and/or
agency
securities
at
February
29,
2024
as
follows: 
Fund
Name
A
Bank
of
America
Securities,
Inc.,  5.3%,
dated
02/29/2024
due
03/01/2024
(a)
Barclays
Capital,
Inc.,  5.2%,
dated
02/29/2024
due
03/01/2024
(b)
Barclays
Capital,
Inc.,  5.28%,
dated
02/29/2024
due
03/01/2024
(c)
BNP
Paribas
Securities
Corp.,
5.3%,
dated
2/29/2024
due
03/01/2024
(d)
ING
Financial
Markets
LLC,
5.3%,
dated
02/29/2024
due
03/01/2024
(e)
Total
Short
7-10
Year
Treasury
.......................
$
2,109,044
$
306,770
$
1,211,504
$
7,285,789
$
3,029,354
$
13,942,461
Short
20+
Year
Treasury
........................
3,496,853
508,633
2,008,707
12,080,038
5,022,753
23,116,984
Short
Dow30
SM
.............................
14,085,218
2,048,759
8,091,010
48,658,028
20,231,495
93,114,510
Short
Financials
.............................
1,297,097
188,668
745,094
4,480,876
1,863,101
8,574,836
Short
FTSE
China
50
..........................
675,119
98,199
387,810
2,332,228
969,716
4,463,072
Short
High
Yield
.............................
2,732,894
397,511
1,569,864
9,440,907
3,925,430
18,066,606
Short
MidCap400
............................
857,794
124,770
492,745
2,963,289
1,232,104
5,670,702
Short
MSCI
EAFE
............................
3,621,565
526,772
2,080,345
12,510,857
5,201,884
23,941,423
Short
MSCI
Emerging
Markets
...................
2,699,318
392,628
1,550,577
9,324,917
3,877,202
17,844,642
Short
QQQ
................................
24,683,055
3,590,263
14,178,755
85,268,736
35,453,844
163,174,653
Short
Real
Estate
............................
2,554,343
371,541
1,467,298
8,824,090
3,668,964
16,886,236
Short
Russell2000
...........................
6,916,279
1,006,004
3,972,937
23,892,600
9,934,292
45,722,112
Short
S&P500
®
.............................
22,902,049
3,331,207
13,155,686
79,116,169
32,895,670
151,400,781
Short
SmallCap600
...........................
1,099,774
159,967
631,746
3,799,221
1,579,677
7,270,385
Ultra
7-10
Year
Treasury
........................
2,893,398
420,858
1,662,061
9,995,374
4,155,972
19,127,663
Ultra
20+
Year
Treasury
........................
11,399,196
1,658,065
6,548,072
39,379,042
16,373,391
75,357,766
Ultra
Communication
Services
...................
60,138
8,747
34,545
207,748
86,379
397,557
Ultra
Consumer
Discretionary
....................
208,177
30,280
119,583
719,155
299,017
1,376,212
Ultra
Consumer
Staples
........................
98,430
14,317
56,542
340,031
141,380
650,700
Ultra
Dow30
SM
..............................
4,268,887
620,929
2,452,189
14,747,067
6,131,674
28,220,746
Ultra
Energy
...............................
1,469,487
213,743
844,121
5,076,409
2,110,716
9,714,476
Ultra
Financials
.............................
1,426,896
207,548
819,655
4,929,277
2,049,541
9,432,917
Ultra
FTSE
China
50
..........................
793,003
115,346
455,527
2,739,466
1,139,042
5,242,384
Ultra
FTSE
Europe
...........................
356,899
51,913
205,014
1,232,924
512,637
2,359,387
Ultra
Health
Care
............................
1,498,161
217,914
860,592
5,175,465
2,151,904
9,904,036
Ultra
High
Yield
.............................
1,212,203
176,320
696,329
4,187,609
1,741,163
8,013,624
Ultra
Industrials
.............................
76,935
11,191
44,194
265,778
110,507
508,605
NOTES
TO
FINANCIAL
STATEMENTS
::
FEBRUARY
29,
2024
(UNAUDITED)
::
185
PROSHARES
TRUST
Fund
Name
A
Bank
of
America
Securities,
Inc.,  5.3%,
dated
02/29/2024
due
03/01/2024
(a)
Barclays
Capital,
Inc.,  5.2%,
dated
02/29/2024
due
03/01/2024
(b)
Barclays
Capital,
Inc.,  5.28%,
dated
02/29/2024
due
03/01/2024
(c)
BNP
Paribas
Securities
Corp.,
5.3%,
dated
2/29/2024
due
03/01/2024
(d)
ING
Financial
Markets
LLC,
5.3%,
dated
02/29/2024
due
03/01/2024
(e)
Total
Ultra
Materials
..............................
$
409,655
$
59,586
$
235,319
$
1,415,172
$
588,414
$
2,708,146
Ultra
MidCap400
............................
1,146,777
166,804
658,746
3,961,594
1,647,188
7,581,109
Ultra
MSCI
Brazil
Capped
......................
518,386
75,402
297,778
1,790,791
744,591
3,426,948
Ultra
MSCI
EAFE
............................
736,115
107,071
422,849
2,542,942
1,057,329
4,866,306
Ultra
MSCI
Emerging
Markets
....................
1,744,543
253,752
1,002,123
6,026,603
2,505,799
11,532,820
Ultra
MSCI
Japan
............................
305,977
44,506
175,764
1,057,008
439,493
2,022,748
Ultra
Nasdaq
Biotechnology
.....................
1,280,746
186,290
735,702
4,424,393
1,839,617
8,466,748
Ultra
Nasdaq
Cloud
Computing
...................
69,167
10,061
39,732
238,943
99,350
457,253
Ultra
Nasdaq
Cybersecurity
.....................
483,192
70,282
277,561
1,669,207
694,038
3,194,280
Ultra
QQQ
.................................
13,585,607
1,976,088
7,804,017
46,932,093
19,513,872
89,811,677
Ultra
Real
Estate
............................
1,019,913
148,351
585,871
3,523,336
1,464,966
6,742,437
Ultra
Russell2000
............................
3,703,249
538,655
2,127,268
12,793,045
5,319,213
24,481,430
Ultra
S&P500
®
..............................
15,884,992
2,310,544
9,124,860
54,875,428
22,816,626
105,012,450
Ultra
Semiconductors
.........................
1,830,071
266,192
1,051,253
6,322,060
2,628,646
12,098,222
Ultra
SmallCap600
...........................
911,278
132,550
523,468
3,148,054
1,308,928
6,024,278
Ultra
Technology
............................
2,509,117
364,962
1,441,320
8,667,858
3,604,004
16,587,261
Ultra
Utilities
...............................
66,767
9,712
38,353
230,651
95,903
441,386
UltraPro
Dow30
SM
............................
4,554,942
662,537
2,616,508
15,735,258
6,542,553
30,111,798
UltraPro
MidCap400
..........................
311,947
45,374
179,192
1,077,634
448,069
2,062,216
UltraPro
QQQ
..............................
50,268,513
7,311,784
28,875,878
173,654,862
72,203,864
332,314,901
UltraPro
Russell2000
..........................
1,483,502
215,782
852,173
5,124,826
2,130,849
9,807,132
UltraPro
S&P500
®
............................
13,447,447
1,955,992
7,724,654
46,454,819
19,315,424
88,898,336
UltraPro
Short
20+
Year
Treasury
..................
721,510
104,947
414,460
2,492,490
1,036,351
4,769,758
UltraPro
Short
Dow30
SM
........................
13,263,567
1,929,246
7,619,026
45,819,594
19,051,305
87,682,738
UltraPro
Short
MidCap400
......................
361,390
52,566
207,594
1,248,440
519,088
2,389,078
UltraPro
Short
QQQ
..........................
40,090,824
5,831,393
23,029,481
138,495,574
57,585,002
265,032,274
UltraPro
Short
Russell2000
......................
5,520,118
802,926
3,170,936
19,069,499
7,928,897
36,492,376
UltraPro
Short
S&P500
®
........................
15,895,591
2,312,086
9,130,947
54,912,041
22,831,849
105,082,514
UltraShort
7-10
Year
Treasury
....................
2,559,328
372,266
1,470,162
8,841,316
3,676,125
16,919,197
UltraShort
20+
Year
Treasury
....................
10,293,271
1,497,203
5,912,792
35,558,573
14,784,880
68,046,719
UltraShort
Consumer
Discretionary
................
224,455
32,648
128,934
775,391
322,399
1,483,827
UltraShort
Consumer
Staples
....................
167,691
24,391
96,327
579,295
240,864
1,108,568
UltraShort
Dow30
SM
..........................
7,709,414
1,121,369
4,428,541
26,632,525
11,073,523
50,965,372
UltraShort
Energy
............................
918,090
133,540
527,381
3,171,582
1,318,710
6,069,303
UltraShort
Financials
..........................
1,017,025
147,930
584,212
3,513,358
1,460,818
6,723,343
UltraShort
FTSE
China
50
......................
1,300,239
189,126
746,900
4,491,733
1,867,616
8,595,614
UltraShort
FTSE
Europe
........................
3,945,105
573,834
2,266,197
13,628,548
5,666,607
26,080,291
UltraShort
Health
Care
........................
211,041
30,697
121,229
729,049
303,130
1,395,146
UltraShort
Industrials
.........................
296,230
43,088
170,165
1,023,341
425,495
1,958,319
UltraShort
Materials
..........................
174,436
25,373
100,202
602,599
250,554
1,153,164
UltraShort
MidCap400
.........................
300,617
43,726
172,685
1,038,498
431,796
1,987,322
UltraShort
MSCI
Brazil
Capped
...................
792,869
115,326
455,450
2,738,998
1,138,848
5,241,491
UltraShort
MSCI
EAFE
.........................
167,155
24,314
96,019
577,446
240,097
1,105,031
UltraShort
MSCI
Emerging
Markets
................
760,118
110,563
436,636
2,625,861
1,091,805
5,024,983
UltraShort
MSCI
Japan
........................
547,839
79,686
314,697
1,892,533
786,896
3,621,651
UltraShort
Nasdaq
Biotechnology
.................
586,554
85,317
336,936
2,026,277
842,505
3,877,589
UltraShort
QQQ
.............................
12,955,288
1,884,406
7,441,941
44,754,632
18,608,504
85,644,771
UltraShort
Real
Estate
.........................
3,395,669
493,915
1,950,583
11,730,489
4,877,414
22,448,070
UltraShort
Russell2000
........................
8,432,882
1,226,601
4,844,123
29,131,773
12,112,684
55,748,063
UltraShort
S&P500
®
..........................
15,489,613
2,253,035
8,897,740
53,509,574
22,248,717
102,398,679
186
::
FEBRUARY
29,
2024
(UNAUDITED)
::
NOTES
TO
FINANCIAL
STATEMENTS
PROSHARES
TRUST
Fund
Name
A
Bank
of
America
Securities,
Inc.,  5.3%,
dated
02/29/2024
due
03/01/2024
(a)
Barclays
Capital,
Inc.,  5.2%,
dated
02/29/2024
due
03/01/2024
(b)
Barclays
Capital,
Inc.,  5.28%,
dated
02/29/2024
due
03/01/2024
(c)
BNP
Paribas
Securities
Corp.,
5.3%,
dated
2/29/2024
due
03/01/2024
(d)
ING
Financial
Markets
LLC,
5.3%,
dated
02/29/2024
due
03/01/2024
(e)
Total
UltraShort
Semiconductors
.....................
$
944,906
$
137,440
$
542,785
$
3,264,220
$
1,357,229
$
6,246,580
UltraShort
SmallCap600
.......................
327,023
47,567
187,853
1,129,717
469,725
2,161,885
UltraShort
Technology
.........................
564,518
82,112
324,278
1,950,158
810,853
3,731,919
UltraShort
Utilities
...........................
114,452
16,648
65,745
395,380
164,395
756,620
$
381,812,943
$
55,536,425
$
219,325,848
$
1,318,990,171
$
548,422,226
$
2,524,087,613
Each
Repurchase
Agreement
was
fully
collateralized
by
U.S.
government
and/or
agency
securities
at
February
29,
2024
as
follows:
(a)
U.S.
Treasury
Bonds,
0%
to
4.75%,
due
8/15/2033
to
8/15/2048;
U.S.
Treasury
Notes,
0.13%
to
4.88%,
due
8/31/2024
to
1/15/2030,
which
had
an
aggregate
value
at
the
Trust
level
of
$561,000,000.
(b)
U.S.
Treasury
Notes,
4.88%,
due
10/31/2030,
which
had
an
aggregate
value
at
the
Trust
level
of
$81,600,038.
(c)
U.S.
Treasury
Notes,
3.63%
to
4.88%,
due
5/31/2028
to
10/31/2030
,
which
had
an
aggregate
value
at
the
Trust
level
of
$322,256,847.
(d)
U.S.
Treasury
Bills,
0%,
due
5/14/2024
to
8/8/2024;
U.S.
Treasury
Bonds,
0%
to
6.75%,
due
1/15/2025
to
8/15/2052;
U.S.
Treasury
Notes,
0.13%
to
5.25%,
due
4/30/2024
to
7/15/2031,
which
had
an
aggregate
value
at
the
Trust
level
of
$1,938,000,138.
(e)
Federal
Home
Loan
Banks,
0%,
due
3/28/2024
to
11/1/2024;
U.S.
Treasury
Bills,
0%,
due
4/2/2024
to
10/31/2024;
U.S.
Treasury
Bonds,
1.88%
to
4.38%,
due
2/15/2041
to
5/15/2049;
U.S.
Treasury
Notes,
0.25%
to
4.63%,
due
1/31/2025
to
2/15/2034,
which
had
an
aggregate
value
at
the
Trust
level
of
$805,801,009.