ProShares UltraShort S&P500
SDS
80 hedge funds and large institutions have $154M invested in ProShares UltraShort S&P500 in 2014 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 12 increasing their positions, 26 reducing their positions, and 33 closing their positions.
451% more call options, than puts
Call options by funds: $64.8M | Put options by funds: $11.8M
0.05% less ownership
Funds ownership: 0.2% → 0.14% (-0.05%)
9% less funds holding
Funds holding: 88 → 80 (-8)
15% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 33
48% less capital invested
Capital invested by funds: $299M → $154M (-$144M)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
54% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$12.7M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$7.19M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$5.63M |
| 4 |
KCM
KSA Capital Management
Morristown,
New Jersey
|
+$3.59M |
| 5 |
EWM
Edge Wealth Management
New York
|
+$2.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSA
L & S Advisors
Los Angeles,
California
|
-$36.9M |
| 2 |
Morgan Stanley
New York
|
-$19.3M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$14.6M |
| 4 |
FI
FCM Investments
Dallas,
Texas
|
-$14.4M |
| 5 |
SO
STRS Ohio
Columbus,
Ohio
|
-$14.1M |
SDS Hedge Fund Activity: Q4 2014 in Review
80 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort S&P500 (SDS) for Q4 2014, worth a combined $154M — down 48% from $299M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of SDS and 28 opened new positions — a net loss of 5 holders — while 26 trimmed existing stakes and 12 added.
The largest buyer was Clark Capital Management Group, opening a new position worth an estimated $12.7M. The largest seller was L & S Advisors, exiting entirely with an estimated $36.9M sold.
- 80 institutional investors held ProShares UltraShort S&P500 (SDS) as of Q4 2014, down from 88 in Q3 2014.
- Funds reported $154M of ProShares UltraShort S&P500 stock for Q4 2014, down 48% quarter-over-quarter.
- 28 funds opened new ProShares UltraShort S&P500 positions in Q4 2014 and 33 closed out, a net change of -5 holders.
- The largest ProShares UltraShort S&P500 buyer in Q4 2014 was Clark Capital Management Group, an estimated $12.7M added.
- The largest ProShares UltraShort S&P500 seller in Q4 2014 was L & S Advisors, an estimated $36.9M sold.
Based on aggregated 13F filings for Q4 2014.