ProShares UltraShort S&P500
SDS
69 hedge funds and large institutions have $106M invested in ProShares UltraShort S&P500 in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 33 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
1.52% less ownership
Funds ownership: 3.76% → 2.24% (-1.5%)
21% less funds holding
Funds holding: 87 → 69 (-18)
42% less capital invested
Capital invested by funds: $183M → $106M (-$77.2M)
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
52% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 33
62% less call options, than puts
Call options by funds: $5.7M | Put options by funds: $14.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Manchester Financial
Westlake Village,
California
|
+$18.1M |
| 2 |
CCA
Cadent Capital Advisors
Tulsa,
Oklahoma
|
+$11.7M |
| 3 |
Squarepoint
New York
|
+$5.06M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
+$1.51M |
| 5 |
Walleye Capital
New York
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
-$29.1M |
| 2 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
-$19.5M |
| 3 |
Goldman Sachs
New York
|
-$16M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$7.56M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$6.21M |
SDS Hedge Fund Activity: Q2 2023 in Review
69 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort S&P500 (SDS) for Q2 2023, worth a combined $106M — down 42% from $183M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of SDS and 16 opened new positions — a net loss of 17 holders — while 19 trimmed existing stakes and 20 added.
The largest buyer was Manchester Financial, adding an estimated $18.1M. The largest seller was Integrated Advisors Network, cutting an estimated $29.1M.
- 69 institutional investors held ProShares UltraShort S&P500 (SDS) as of Q2 2023, down from 87 in Q1 2023.
- Funds reported $106M of ProShares UltraShort S&P500 stock for Q2 2023, down 42% quarter-over-quarter.
- 16 funds opened new ProShares UltraShort S&P500 positions in Q2 2023 and 33 closed out, a net change of -17 holders.
- The largest ProShares UltraShort S&P500 buyer in Q2 2023 was Manchester Financial, an estimated $18.1M added.
- The largest ProShares UltraShort S&P500 seller in Q2 2023 was Integrated Advisors Network, an estimated $29.1M sold.
Based on aggregated 13F filings for Q2 2023.