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ProShares S&P 500 ex-Financials ETF
SPXN

16 hedge funds and large institutions have $27M invested in ProShares S&P 500 ex-Financials ETF in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 0 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

23% more funds holding

Funds holding: 13 → 16 (+3)

4.65% more ownership

Funds ownership: 134.2% → 138.85% (+4.6%)

3% less capital invested

Capital invested by funds: $27.7M → $27M (-$724K)

Holders
16
Holders Change
+3
Holders Change %
+23.08%
% of All Funds
0.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
5
Reduced
–
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$4.81M
2
LPL Financial
LPL Financial
California
+$660K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$553K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$520K
5
Osaic Holdings
Osaic Holdings
Arizona
+$424K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$3.84M
2
Bank of America
Bank of America
North Carolina
-$2.22M
3
JP Morgan Chase
JP Morgan Chase
New York
-$1.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
SG Americas Securities
1
SG Americas Securities
New York
$8.32M – – –
Barclays
2
Barclays
United Kingdom
$6.47M – – –
BNP Paribas Financial Markets
3
BNP Paribas Financial Markets
France
$4.62M +$4.81M +100,000 New
Osaic Holdings
4
Osaic Holdings
Arizona
$2.21M +$424K +8,826 +23%
Goldman Sachs
5
Goldman Sachs
New York
$1.85M – – –
LPL Financial
6
LPL Financial
California
$927K +$660K +13,734 +218%
IRC
7
Investors Research Corp
Georgia
$543K +$9.62K +200 +2%
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$531K +$553K +11,490 New
Susquehanna International Group
9
Susquehanna International Group
Pennsylvania
$500K +$520K +10,820 New
Cambridge Investment Research Advisors
10
Cambridge Investment Research Advisors
Iowa
$382K +$398K +8,268 New
Bank of Montreal
11
Bank of Montreal
Ontario, Canada
$305K +$13.2K +274 +5%
AFS
12
Annapolis Financial Services
Maryland
$166K – – –
EWA
13
EP Wealth Advisors
California
$123K +$128K +2,666 New
BWM
14
Baystate Wealth Management
Massachusetts
$20.4K +$96 +2 +0.5%
TCM
15
Tradewinds Capital Management
Washington
$555 – – –
DFA
16
DHJJ Financial Advisors
Illinois
$370 +$385 +8 New
UBS Group
17
UBS Group
Switzerland
– -$3.84M -80,000 Closed
Bank of America
18
Bank of America
North Carolina
– -$2.22M -46,202 Closed
JP Morgan Chase
19
JP Morgan Chase
New York
– -$1.15M -23,984 Closed

SPXN Hedge Fund Activity: Q3 2023 in Review

16 of the 6,303 institutional investors tracked by Wall St. Rank reported a position in ProShares S&P 500 ex-Financials ETF (SPXN) for Q3 2023, worth a combined $27M — down 2.6% from $27.7M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new SPXN positions and 3 closed out — a net gain of 3 holders — while 5 added to existing stakes and 0 trimmed.

The largest buyer was BNP Paribas Financial Markets, opening a new position worth an estimated $4.81M. The largest seller was UBS Group, exiting entirely with an estimated $3.84M sold.

  • 16 institutional investors held ProShares S&P 500 ex-Financials ETF (SPXN) as of Q3 2023, up from 13 in Q2 2023.
  • Funds reported $27M of ProShares S&P 500 ex-Financials ETF stock for Q3 2023, down 2.6% quarter-over-quarter.
  • 6 funds opened new ProShares S&P 500 ex-Financials ETF positions in Q3 2023 and 3 closed out, a net change of +3 holders.
  • The largest ProShares S&P 500 ex-Financials ETF buyer in Q3 2023 was BNP Paribas Financial Markets, an estimated $4.81M added.
  • The largest ProShares S&P 500 ex-Financials ETF seller in Q3 2023 was UBS Group, an estimated $3.84M sold.

Based on aggregated 13F filings for Q3 2023.