ProShares UltraShort S&P500
SDS
86 hedge funds and large institutions have $118M invested in ProShares UltraShort S&P500 in 2016 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 17 increasing their positions, 29 reducing their positions, and 33 closing their positions.
52% more call options, than puts
Call options by funds: $48.1M | Put options by funds: $31.6M
0.01% less ownership
Funds ownership: 0.07% → 0.07% (-0.01%)
16% less funds holding
Funds holding: 102 → 86 (-16)
24% less capital invested
Capital invested by funds: $156M → $118M (-$37.5M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
41% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 29
42% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$17.6M |
| 2 |
VF
Virtu Financial
New York
|
+$9.8M |
| 3 |
TSS
Two Sigma Securities
New York
|
+$8.63M |
| 4 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$5.68M |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$2.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFIC
Bedell Frazier Investment Counselling
Walnut Creek,
California
|
-$19.1M |
| 2 |
PAM
PVG Asset Management
Golden,
Colorado
|
-$18.4M |
| 3 |
JT
Jump Trading
Chicago,
Illinois
|
-$7.83M |
| 4 |
WAM
Wilsey Asset Management
San Diego,
California
|
-$5.73M |
| 5 |
Citigroup
New York
|
-$4.89M |
SDS Hedge Fund Activity: Q4 2016 in Review
86 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort S&P500 (SDS) for Q4 2016, worth a combined $118M — down 24% from $156M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of SDS and 19 opened new positions — a net loss of 14 holders — while 29 trimmed existing stakes and 17 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $17.6M. The largest seller was Bedell Frazier Investment Counselling, exiting entirely with an estimated $19.1M sold.
- 86 institutional investors held ProShares UltraShort S&P500 (SDS) as of Q4 2016, down from 102 in Q3 2016.
- Funds reported $118M of ProShares UltraShort S&P500 stock for Q4 2016, down 24% quarter-over-quarter.
- 19 funds opened new ProShares UltraShort S&P500 positions in Q4 2016 and 33 closed out, a net change of -14 holders.
- The largest ProShares UltraShort S&P500 buyer in Q4 2016 was Susquehanna International Group, an estimated $17.6M added.
- The largest ProShares UltraShort S&P500 seller in Q4 2016 was Bedell Frazier Investment Counselling, an estimated $19.1M sold.
Based on aggregated 13F filings for Q4 2016.