ProShares UltraShort S&P500
SDS
88 hedge funds and large institutions have $224M invested in ProShares UltraShort S&P500 in 2014 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 16 closing their positions.
126% more call options, than puts
Call options by funds: $78.1M | Put options by funds: $34.6M
69% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 16
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
60% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 15
13% more funds holding
Funds holding: 78 → 88 (+10)
0.09% less ownership
Funds ownership: 0.23% → 0.14% (-0.09%)
30% less capital invested
Capital invested by funds: $320M → $224M (-$95.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FI
FCM Investments
Dallas,
Texas
|
+$17.2M |
| 2 |
FAAM
First Allied Asset Management
San Diego,
California
|
+$13.1M |
| 3 |
VF
Virtu Financial
New York
|
+$9.5M |
| 4 |
SM
Southport Management
Wilson,
Wyoming
|
+$7.31M |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$5.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$162M |
| 2 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$2.76M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2.65M |
| 4 |
QCMNJ
Quantum Capital Management (New Jersey)
Northfield,
New Jersey
|
-$1.55M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.01M |
SDS Hedge Fund Activity: Q1 2014 in Review
88 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort S&P500 (SDS) for Q1 2014, worth a combined $224M — down 30% from $320M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new SDS positions and 16 closed out — a net gain of 11 holders — while 24 added to existing stakes and 15 trimmed.
The largest buyer was FCM Investments, adding an estimated $17.2M. The largest seller was Goldman Sachs, cutting an estimated $162M.
- 88 institutional investors held ProShares UltraShort S&P500 (SDS) as of Q1 2014, up from 78 in Q4 2013.
- Funds reported $224M of ProShares UltraShort S&P500 stock for Q1 2014, down 30% quarter-over-quarter.
- 27 funds opened new ProShares UltraShort S&P500 positions in Q1 2014 and 16 closed out, a net change of +11 holders.
- The largest ProShares UltraShort S&P500 buyer in Q1 2014 was FCM Investments, an estimated $17.2M added.
- The largest ProShares UltraShort S&P500 seller in Q1 2014 was Goldman Sachs, an estimated $162M sold.
Based on aggregated 13F filings for Q1 2014.