ProShares UltraShort S&P500
SDS
78 hedge funds and large institutions have $320M invested in ProShares UltraShort S&P500 in 2013 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 11 increasing their positions, 27 reducing their positions, and 25 closing their positions.
372% more call options, than puts
Call options by funds: $225M | Put options by funds: $47.8M
0.07% more ownership
Funds ownership: 0.17% → 0.23% (+0.07%)
1% less capital invested
Capital invested by funds: $323M → $320M (-$3.31M)
8% less funds holding
Funds holding: 85 → 78 (-7)
20% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 25
59% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 27
63% less funds holding in top 10
Funds holding in top 10: 8 → 3 (-5)
Top Buyers
| 1 |
Goldman Sachs
New York
|
+$168M |
| 2 |
SCM
Summit Capital Management
Seattle,
Washington
|
+$2.82M |
| 3 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$1.81M |
| 4 |
QCMNJ
Quantum Capital Management (New Jersey)
Northfield,
New Jersey
|
+$1.7M |
| 5 |
Barclays
London,
United Kingdom
|
+$1.58M |
Top Sellers
| 1 |
VF
Virtu Financial
New York
|
-$55M |
| 2 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$15.7M |
| 3 |
LPL Financial
San Diego,
California
|
-$10.9M |
| 4 |
BCM
Brightfield Capital Management
New York
|
-$4.94M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$4.87M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BPBT
101
Boston Private Bank & Trust
Boston,
Massachusetts
| – | -$37K | -10 | Closed |
|
|
PIP
102
Perennial Investment Partners
Sydney,
Australia
| – | -$29K | -8 | Closed |
|
|
EWM
103
Endurance Wealth Management
Providence,
Rhode Island
| – | -$26K | -7 | Closed |
|
104
Citigroup
New York
| – | -$9.84K | -3 | Closed |
|
|
ACM
105
Aviance Capital Management
Sarasota,
Florida
| – | -$2K | – | – |
|
|
FBC
106
Fairfield, Bush & Co
Darien,
Connecticut
| – | -$1K | – | – |
|
SDS Hedge Fund Activity: Q4 2013 in Review
78 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort S&P500 (SDS) for Q4 2013, worth a combined $320M — down 1% from $323M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of SDS and 20 opened new positions — a net loss of 5 holders — while 27 trimmed existing stakes and 11 added.
The largest buyer was Goldman Sachs, adding an estimated $168M. The largest seller was Virtu Financial, exiting entirely with an estimated $55M sold.
- 78 institutional investors held ProShares UltraShort S&P500 (SDS) as of Q4 2013, down from 85 in Q3 2013.
- Funds reported $320M of ProShares UltraShort S&P500 stock for Q4 2013, down 1% quarter-over-quarter.
- 20 funds opened new ProShares UltraShort S&P500 positions in Q4 2013 and 25 closed out, a net change of -5 holders.
- The largest ProShares UltraShort S&P500 buyer in Q4 2013 was Goldman Sachs, an estimated $168M added.
- The largest ProShares UltraShort S&P500 seller in Q4 2013 was Virtu Financial, an estimated $55M sold.
Based on aggregated 13F filings for Q4 2013.