- S&P 500 7,659.44 −1.09%
- Dow Jones 52,002.41 −0.34%
- Nasdaq 26,713.03 +0.08%
- VIX 19.99 +21.45%
- 10-year Treasury 5.09% −0.01
- Dollar index 121.40 −0.14%
- WTI crude $101.91 +1.04%
Proshare Advisors LLC: investment adviser
Proshare Advisors LLC is an investment adviser registered with the SEC (file 801-64181, CRD 134155). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $85.3B
- Discretionary
- 100%
- Accounts
- 145
- Employees
- 98
- In advisory roles
- 35
- Disclosures
- 0
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports no custody of client cash or securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Registered funds | 145 | $85.3B | 100.0% |
How it is paid
- A percentage of assets under your management
Services
- Portfolio management for investment companies (as well as "business development companies" that have made an election pursuant to section 54 of the Investment Company Act of 1940)
- Other: COMMODITY POOL OPERATOR
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Louis Mark Mayberg | Person | Principal | C 25% to 50% | Jan 2005 | Yes | |
| Michael Lynn Sapir | Person | Chief executive officer | C 25% to 50% | Jan 2005 | Yes | |
| Dorot | Company (U.S.) | Member | B 10% to 25% | Jun 2006 | ||
| Radcliff PS I LLC | Company (U.S.) | Shareholder | B 10% to 25% | May 2024 | ||
| Skipton Creek LLC | Company (U.S.) | Member | B 10% to 25% | Jul 2025 |
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| Edith Gelfand | Dorot | Person | F General partner, trustee or managing member | Yes | |
| Michael Lynn Sapir | Skipton Creek LLC | Person | F General partner, trustee or managing member | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
The firm answered No to every disciplinary question on Form ADV (Item 11).
The brochure
This firm is not required to deliver a Part 2 brochure (for example, because it advises only registered funds).
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.