ProShares UltraShort S&P500
SDS
85 hedge funds and large institutions have $323M invested in ProShares UltraShort S&P500 in 2013 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 27 increasing their positions, 25 reducing their positions, and 17 closing their positions.
429% more call options, than puts
Call options by funds: $296M | Put options by funds: $55.9M
12% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 17
1% more funds holding
Funds holding: 84 → 85 (+1)
8% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 25
0.07% less ownership
Funds ownership: 0.23% → 0.17% (-0.07%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
24% less capital invested
Capital invested by funds: $425M → $323M (-$103M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$37.9M |
| 2 |
FI
FCM Investments
Dallas,
Texas
|
+$23.2M |
| 3 |
SO
STRS Ohio
Columbus,
Ohio
|
+$8.38M |
| 4 |
BCM
Bodri Capital Management
San Francisco,
California
|
+$3.73M |
| 5 |
AIG
American International Group
New York
|
+$3.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$44.7M |
| 2 |
RIG
Roosevelt Investment Group
New York
|
-$27.2M |
| 3 |
LSA
L & S Advisors
Los Angeles,
California
|
-$24.6M |
| 4 |
JT
Jump Trading
Chicago,
Illinois
|
-$12.3M |
| 5 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
-$8.85M |
SDS Hedge Fund Activity: Q3 2013 in Review
85 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort S&P500 (SDS) for Q3 2013, worth a combined $323M — down 24% from $425M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new SDS positions and 17 closed out — a net gain of 2 holders — while 27 added to existing stakes and 25 trimmed.
The largest buyer was Virtu Financial, adding an estimated $37.9M. The largest seller was Susquehanna International Group, cutting an estimated $44.7M.
- 85 institutional investors held ProShares UltraShort S&P500 (SDS) as of Q3 2013, up from 84 in Q2 2013.
- Funds reported $323M of ProShares UltraShort S&P500 stock for Q3 2013, down 24% quarter-over-quarter.
- 19 funds opened new ProShares UltraShort S&P500 positions in Q3 2013 and 17 closed out, a net change of +2 holders.
- The largest ProShares UltraShort S&P500 buyer in Q3 2013 was Virtu Financial, an estimated $37.9M added.
- The largest ProShares UltraShort S&P500 seller in Q3 2013 was Susquehanna International Group, an estimated $44.7M sold.
Based on aggregated 13F filings for Q3 2013.