ProShares UltraShort Bloomberg Crude Oil
SCO
22 hedge funds and large institutions have $87.8M invested in ProShares UltraShort Bloomberg Crude Oil in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 1 increasing their positions, 12 reducing their positions, and 14 closing their positions.
117% more capital invested
Capital invested by funds: $40.4M → $87.8M (+$47.4M)
13.35% more ownership
Funds ownership: 4.4% → 17.75% (+13%)
19% less call options, than puts
Call options by funds: $11.2M | Put options by funds: $13.8M
24% less funds holding
Funds holding: 29 → 22 (-7)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
92% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
L1 Capital
Melbourne VIC 3000,
Australia
|
+$65.4M |
| 2 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
+$4.11M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$879K |
| 4 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
+$281K |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$259K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
-$5.81M |
| 2 |
TAA
TB Alternative Assets
Grand Cayman,
Cayman Islands
|
-$5.66M |
| 3 |
Jane Street
New York
|
-$5.4M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.8M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
-$1.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
IMC Chicago
Chicago,
Illinois
| – | -$1.5M | -15,704 | Closed |
|
27
Citadel Advisors
Miami,
Florida
| – | -$525K | -5,108 | Closed |
|
28
Barclays
London,
United Kingdom
| – | -$353K | -3,700 | Closed |
|
29
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$334K | -3,500 | Closed |
|
|
TSS
30
Two Sigma Securities
New York
| – | -$268K | -2,813 | Closed |
|
|
AWM
31
Axxcess Wealth Management
Carlsbad,
California
| – | -$203K | -2,126 | Closed |
|
|
I2I
32
Insight 2811 Inc
Chicago,
Illinois
| – | -$203K | -2,126 | Closed |
|
|
IA
33
IFP Advisors
Tampa,
Florida
| – | -$25K | -303 | Closed |
|
|
ASN
34
Advisory Services Network
Atlanta,
Georgia
| – | -$1.43K | -15 | Closed |
|
|
NFSG
35
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$882 | -9 | Closed |
|
|
SL
36
Savior LLC
Wellesley Hills,
Massachusetts
| – | -$882 | -9 | Closed |
|
SCO Hedge Fund Activity: Q1 2023 in Review
22 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort Bloomberg Crude Oil (SCO) for Q1 2023, worth a combined $87.8M — up 117% from $40.4M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of SCO and 7 opened new positions — a net loss of 7 holders — while 12 trimmed existing stakes and 1 added.
The largest buyer was L1 Capital, opening a new position worth an estimated $65.4M. The largest seller was HRT Financial, exiting entirely with an estimated $5.81M sold.
- 22 institutional investors held ProShares UltraShort Bloomberg Crude Oil (SCO) as of Q1 2023, down from 29 in Q4 2022.
- Funds reported $87.8M of ProShares UltraShort Bloomberg Crude Oil stock for Q1 2023, up 117% quarter-over-quarter.
- 7 funds opened new ProShares UltraShort Bloomberg Crude Oil positions in Q1 2023 and 14 closed out, a net change of -7 holders.
- The largest ProShares UltraShort Bloomberg Crude Oil buyer in Q1 2023 was L1 Capital, an estimated $65.4M added.
- The largest ProShares UltraShort Bloomberg Crude Oil seller in Q1 2023 was HRT Financial, an estimated $5.81M sold.
Based on aggregated 13F filings for Q1 2023.