ProShares Ultra Dow30
DDM
21 hedge funds and large institutions have $16.9M invested in ProShares Ultra Dow30 in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 9 closing their positions.
19% less funds holding
Funds holding: 26 → 21 (-5)
27% less call options, than puts
Call options by funds: $6.26M | Put options by funds: $8.56M
30% less capital invested
Capital invested by funds: $23.9M → $16.9M (-$7.06M)
30.15% less ownership
Funds ownership: 97.79% → 67.64% (-30%)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.11M |
| 2 |
PI
Placemark Investments
Chicago,
Illinois
|
+$1.99M |
| 3 |
PSW
Portfolio Strategies (Washington)
Tacoma,
Washington
|
+$311K |
| 4 |
T
TradeWorx
Red Bank,
New Jersey
|
+$255K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$199K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$9.2M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.97M |
| 3 |
Goldman Sachs
New York
|
-$512K |
| 4 |
CAM
CMT Asset Management
Chicago,
Illinois
|
-$490K |
| 5 |
AIG
American International Group
New York
|
-$95.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
26
MSI Financial Services
Springfield,
Massachusetts
| – | -$16K | -1,644 | Closed |
|
27
Citigroup
New York
| – | -$12K | -1,212 | Closed |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| – | -$11K | -1,200 | Closed |
|
|
EU
29
Emory University
Atlanta,
Georgia
| – | -$8K | -840 | Closed |
|
DDM Hedge Fund Activity: Q1 2014 in Review
21 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra Dow30 (DDM) for Q1 2014, worth a combined $16.9M — down 30% from $23.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of DDM and 4 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 4 added.
The largest buyer was Tower Research Capital (TRC), adding an estimated $2.11M. The largest seller was Virtu Financial, exiting entirely with an estimated $9.2M sold.
- 21 institutional investors held ProShares Ultra Dow30 (DDM) as of Q1 2014, down from 26 in Q4 2013.
- Funds reported $16.9M of ProShares Ultra Dow30 stock for Q1 2014, down 30% quarter-over-quarter.
- 4 funds opened new ProShares Ultra Dow30 positions in Q1 2014 and 9 closed out, a net change of -5 holders.
- The largest ProShares Ultra Dow30 buyer in Q1 2014 was Tower Research Capital (TRC), an estimated $2.11M added.
- The largest ProShares Ultra Dow30 seller in Q1 2014 was Virtu Financial, an estimated $9.2M sold.
Based on aggregated 13F filings for Q1 2014.