ProShares Short High Yield
18 hedge funds and large institutions have $15.9M invested in ProShares Short High Yield in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 6 closing their positions.
4.7% less ownership
Funds ownership: 30.07% → 25.37% (-4.7%)
10% less funds holding
Funds holding: 20 → 18 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
42% less capital invested
Capital invested by funds: $27.2M → $15.9M (-$11.3M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.37M |
| 2 |
IC
InterOcean Capital
Chicago,
Illinois
|
+$410K |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
+$350K |
| 4 |
PSI
Pinnacle Summer Investments
Fairfax,
Virginia
|
+$326K |
| 5 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
+$155K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Levitt Capital Management
Boca Raton,
Florida
|
-$4.87M |
| 2 |
LPL Financial
San Diego,
California
|
-$2.8M |
| 3 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
-$1.61M |
| 4 |
LM
Lasry Marc
|
-$1.55M |
| 5 |
Jane Street
New York
|
-$1.44M |
SJB Hedge Fund Activity: Q3 2013 in Review
18 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in ProShares Short High Yield (SJB) for Q3 2013, worth a combined $15.9M — down 42% from $27.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SJB and 4 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was Envestnet Asset Management, adding an estimated $4.37M. The largest seller was Levitt Capital Management, exiting entirely with an estimated $4.87M sold.
- 18 institutional investors held ProShares Short High Yield (SJB) as of Q3 2013, down from 20 in Q2 2013.
- Funds reported $15.9M of ProShares Short High Yield stock for Q3 2013, down 42% quarter-over-quarter.
- 4 funds opened new ProShares Short High Yield positions in Q3 2013 and 6 closed out, a net change of -2 holders.
- The largest ProShares Short High Yield buyer in Q3 2013 was Envestnet Asset Management, an estimated $4.37M added.
- The largest ProShares Short High Yield seller in Q3 2013 was Levitt Capital Management, an estimated $4.87M sold.
Based on aggregated 13F filings for Q3 2013.