ProShares UltraShort S&P500
SDS
88 hedge funds and large institutions have $299M invested in ProShares UltraShort S&P500 in 2014 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 26 increasing their positions, 16 reducing their positions, and 20 closing their positions.
137% more call options, than puts
Call options by funds: $103M | Put options by funds: $43.6M
63% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 16
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
40% more capital invested
Capital invested by funds: $213M → $299M (+$85.5M)
10% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 20
1% more funds holding
Funds holding: 87 → 88 (+1)
0.06% more ownership
Funds ownership: 0.13% → 0.2% (+0.06%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSA
L & S Advisors
Los Angeles,
California
|
+$37.2M |
| 2 |
Morgan Stanley
New York
|
+$21.2M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$13M |
| 4 |
ZA
Zweig Advisers
Hartford,
Connecticut
|
+$12.6M |
| 5 |
SG Americas Securities
New York
|
+$9.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$30.8M |
| 2 |
FAAM
First Allied Asset Management
San Diego,
California
|
-$6.19M |
| 3 |
JT
Jump Trading
Chicago,
Illinois
|
-$4.29M |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$3.1M |
| 5 |
VF
Virtu Financial
New York
|
-$2.89M |
SDS Hedge Fund Activity: Q3 2014 in Review
88 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort S&P500 (SDS) for Q3 2014, worth a combined $299M — up 40% from $213M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new SDS positions and 20 closed out — a net gain of 2 holders — while 26 added to existing stakes and 16 trimmed.
The largest buyer was L & S Advisors, opening a new position worth an estimated $37.2M. The largest seller was Neuberger Berman Group, exiting entirely with an estimated $30.8M sold.
- 88 institutional investors held ProShares UltraShort S&P500 (SDS) as of Q3 2014, up from 87 in Q2 2014.
- Funds reported $299M of ProShares UltraShort S&P500 stock for Q3 2014, up 40% quarter-over-quarter.
- 22 funds opened new ProShares UltraShort S&P500 positions in Q3 2014 and 20 closed out, a net change of +2 holders.
- The largest ProShares UltraShort S&P500 buyer in Q3 2014 was L & S Advisors, an estimated $37.2M added.
- The largest ProShares UltraShort S&P500 seller in Q3 2014 was Neuberger Berman Group, an estimated $30.8M sold.
Based on aggregated 13F filings for Q3 2014.