ProShares UltraShort S&P500
SDS
85 hedge funds and large institutions have $163M invested in ProShares UltraShort S&P500 in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 17 increasing their positions, 26 reducing their positions, and 24 closing their positions.
41% more call options, than puts
Call options by funds: $44.3M | Put options by funds: $31.4M
0.06% less ownership
Funds ownership: 0.15% → 0.09% (-0.06%)
8% less funds holding
Funds holding: 92 → 85 (-7)
18% less capital invested
Capital invested by funds: $199M → $163M (-$36.3M)
25% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 24
35% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 26
40% less funds holding in top 10
Funds holding in top 10: 10 → 6 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAM
PVG Asset Management
Golden,
Colorado
|
+$14.6M |
| 2 |
SM
Southport Management
Wilson,
Wyoming
|
+$11.3M |
| 3 |
FI
FCM Investments
Dallas,
Texas
|
+$9.15M |
| 4 |
JT
Jump Trading
Chicago,
Illinois
|
+$7.43M |
| 5 |
LPL Financial
San Diego,
California
|
+$2.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TB
Terril Brothers
St. Louis,
Missouri
|
-$19.8M |
| 2 |
BFIC
Bedell Frazier Investment Counselling
Walnut Creek,
California
|
-$8.37M |
| 3 |
FRM
Fore Research & Management
New York
|
-$7.97M |
| 4 |
UAS
United Asset Strategies
Garden City,
New York
|
-$5.96M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$5.9M |
SDS Hedge Fund Activity: Q1 2016 in Review
85 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort S&P500 (SDS) for Q1 2016, worth a combined $163M — down 18% from $199M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of SDS and 18 opened new positions — a net loss of 6 holders — while 26 trimmed existing stakes and 17 added.
The largest buyer was PVG Asset Management, adding an estimated $14.6M. The largest seller was Terril Brothers, exiting entirely with an estimated $19.8M sold.
- 85 institutional investors held ProShares UltraShort S&P500 (SDS) as of Q1 2016, down from 92 in Q4 2015.
- Funds reported $163M of ProShares UltraShort S&P500 stock for Q1 2016, down 18% quarter-over-quarter.
- 18 funds opened new ProShares UltraShort S&P500 positions in Q1 2016 and 24 closed out, a net change of -6 holders.
- The largest ProShares UltraShort S&P500 buyer in Q1 2016 was PVG Asset Management, an estimated $14.6M added.
- The largest ProShares UltraShort S&P500 seller in Q1 2016 was Terril Brothers, an estimated $19.8M sold.
Based on aggregated 13F filings for Q1 2016.