ProShares UltraShort S&P500
SDS
87 hedge funds and large institutions have $213M invested in ProShares UltraShort S&P500 in 2014 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 21 increasing their positions, 27 reducing their positions, and 19 closing their positions.
59% more call options, than puts
Call options by funds: $85.2M | Put options by funds: $53.4M
0.01% less ownership
Funds ownership: 0.14% → 0.13% (-0.01%)
5% less capital invested
Capital invested by funds: $224M → $213M (-$11.1M)
5% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 19
1% less funds holding
Funds holding: 88 → 87 (-1)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
22% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$33.1M |
| 2 |
BCM
Brightfield Capital Management
New York
|
+$7.51M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.42M |
| 4 |
JT
Jump Trading
Chicago,
Illinois
|
+$4.24M |
| 5 |
PSW
Portfolio Strategies (Washington)
Tacoma,
Washington
|
+$2.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$11M |
| 2 |
VF
Virtu Financial
New York
|
-$5.58M |
| 3 |
FAAM
First Allied Asset Management
San Diego,
California
|
-$5.47M |
| 4 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$4.68M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$3.63M |
SDS Hedge Fund Activity: Q2 2014 in Review
87 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort S&P500 (SDS) for Q2 2014, worth a combined $213M — down 4.9% from $224M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of SDS and 18 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 21 added.
The largest buyer was Neuberger Berman Group, opening a new position worth an estimated $33.1M. The largest seller was Goldman Sachs, cutting an estimated $11M.
- 87 institutional investors held ProShares UltraShort S&P500 (SDS) as of Q2 2014, down from 88 in Q1 2014.
- Funds reported $213M of ProShares UltraShort S&P500 stock for Q2 2014, down 4.9% quarter-over-quarter.
- 18 funds opened new ProShares UltraShort S&P500 positions in Q2 2014 and 19 closed out, a net change of -1 holder.
- The largest ProShares UltraShort S&P500 buyer in Q2 2014 was Neuberger Berman Group, an estimated $33.1M added.
- The largest ProShares UltraShort S&P500 seller in Q2 2014 was Goldman Sachs, an estimated $11M sold.
Based on aggregated 13F filings for Q2 2014.