{
  "crd_number": 134155,
  "slug": "proshare-advisors-llc-bethesda-md-134155",
  "primary_business_name": "PROSHARE ADVISORS LLC",
  "legal_name": "PROSHARE ADVISORS LLC",
  "dbas": [],
  "city": "Bethesda",
  "state": "MD",
  "country": "United States",
  "cbsa_code": "47900",
  "metro": {
    "cbsa_code": "47900",
    "common_name": "Washington",
    "msa_name": "Washington-Arlington-Alexandria, DC-VA-MD-WV",
    "path": "/advisors/dc/washington"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-04-14",
  "years_registered": 21,
  "period": "2026-10-01",
  "filing_date": "2026-03-26",
  "carried_forward": false,
  "raum_total": 85300000000.0,
  "raum_discretionary": 85300000000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 98,
  "advisory_employees": 35,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 85300000000.0,
      "count": 145
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MD"
  ],
  "websites": [
    "https://facebook.com/profile.php?id=61574198647370",
    "https://instagram.com/proshares",
    "https://linkedin.com/company/proshare-advisors-llc",
    "https://proshares.com",
    "https://x.com/ProShares",
    "https://youtube.com/channel/UCru1lf6iEvBVDf2Hb9Trjgg"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/134155",
  "city_as_filed": "BETHESDA",
  "url": "https://advisorcensus.com/firm/proshare-advisors-llc-bethesda-md-134155",
  "display_name": "Proshare Advisors LLC",
  "summary": "Proshare Advisors LLC is an SEC-registered investment advisory firm in Bethesda, MD, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.",
  "citation": "AdvisorCensus. Proshare Advisors LLC (CRD 134155): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Proshare Advisors LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Proshare Advisors LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Proshare Advisors LLC located?",
      "a": "Proshare Advisors LLC's principal office is in Bethesda, MD, according to its Form ADV."
    },
    {
      "q": "Is Proshare Advisors LLC registered with the SEC or a state?",
      "a": "Proshare Advisors LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 134155."
    },
    {
      "q": "How much does Proshare Advisors LLC manage?",
      "a": "Proshare Advisors LLC reports $85,300,000,000 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary)."
    },
    {
      "q": "How have Proshare Advisors LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Proshare Advisors LLC: Regulatory assets under management: $43,470,000,000 in the October 2021 data and $85,300,000,000 in the October 2026 data, up 96%. Total employees: 108 in October 2021 and 98 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Proshare Advisors LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (145)."
    },
    {
      "q": "Does Proshare Advisors LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/134155"
    },
    {
      "q": "What changed in Proshare Advisors LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $74,000,000,000 to $85,300,000,000 (+15%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 43470000000.0,
      "total_employees": 108,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 66960000000.0,
      "total_employees": 103,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 53251436325.0,
      "total_employees": 98,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 65095381946.0,
      "total_employees": 101,
      "filing_date": "2024-05-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 74000000000.0,
      "total_employees": 104,
      "filing_date": "2025-03-24"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 85300000000.0,
      "total_employees": 98,
      "filing_date": "2026-03-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $74,000,000,000 to $85,300,000,000 (+15%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/proshare-advisors-llc-bethesda-md-134155.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 145,
      "fewer_than_5": false,
      "raum": 85300000000.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/134155",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}