ProShares UltraShort S&P500
SDS
92 hedge funds and large institutions have $199M invested in ProShares UltraShort S&P500 in 2015 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 23 increasing their positions, 25 reducing their positions, and 29 closing their positions.
171% more call options, than puts
Call options by funds: $56.4M | Put options by funds: $20.8M
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
0.08% less ownership
Funds ownership: 0.23% → 0.15% (-0.08%)
8% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 25
11% less funds holding
Funds holding: 103 → 92 (-11)
31% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 29
51% less capital invested
Capital invested by funds: $405M → $199M (-$206M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TB
Terril Brothers
St. Louis,
Missouri
|
+$16.4M |
| 2 |
BFIC
Bedell Frazier Investment Counselling
Walnut Creek,
California
|
+$8.43M |
| 3 |
FRM
Fore Research & Management
New York
|
+$8.03M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$5.64M |
| 5 |
TSS
Two Sigma Securities
New York
|
+$4.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$149M |
| 2 |
VF
Virtu Financial
New York
|
-$17.1M |
| 3 |
PAM
PVG Asset Management
Golden,
Colorado
|
-$8.2M |
| 4 |
FI
FCM Investments
Dallas,
Texas
|
-$7.84M |
| 5 |
GECH
Garnet Equity Capital Holdings
New York
|
-$5.82M |
SDS Hedge Fund Activity: Q4 2015 in Review
92 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort S&P500 (SDS) for Q4 2015, worth a combined $199M — down 51% from $405M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of SDS and 20 opened new positions — a net loss of 9 holders — while 25 trimmed existing stakes and 23 added.
The largest buyer was Terril Brothers, adding an estimated $16.4M. The largest seller was Goldman Sachs, cutting an estimated $149M.
- 92 institutional investors held ProShares UltraShort S&P500 (SDS) as of Q4 2015, down from 103 in Q3 2015.
- Funds reported $199M of ProShares UltraShort S&P500 stock for Q4 2015, down 51% quarter-over-quarter.
- 20 funds opened new ProShares UltraShort S&P500 positions in Q4 2015 and 29 closed out, a net change of -9 holders.
- The largest ProShares UltraShort S&P500 buyer in Q4 2015 was Terril Brothers, an estimated $16.4M added.
- The largest ProShares UltraShort S&P500 seller in Q4 2015 was Goldman Sachs, an estimated $149M sold.
Based on aggregated 13F filings for Q4 2015.