ProShares S&P 500 ex-Financials ETF
SPXN
15 hedge funds and large institutions have $41.3M invested in ProShares S&P 500 ex-Financials ETF in 2024 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 1 reducing their positions, and 4 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 1
7% more capital invested
Capital invested by funds: $38.7M → $41.3M (+$2.53M)
10.03% less ownership
Funds ownership: 154.4% → 144.37% (-10%)
21% less funds holding
Funds holding: 19 → 15 (-4)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Absolute Capital Management
Pittsburgh,
Pennsylvania
|
+$2.08M |
| 2 |
SAF
Smith Anglin Financial
Dallas,
Texas
|
+$664K |
| 3 |
LPL Financial
San Diego,
California
|
+$506K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$89K |
| 5 |
IRC
Investors Research Corp
Atlanta,
Georgia
|
+$42.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PS
Principal Securities
Des Moines,
Iowa
|
-$2.26M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$884K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$339K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$72.3K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$102 |
SPXN Hedge Fund Activity: Q1 2024 in Review
15 of the 6,945 institutional investors tracked by Wall St. Rank reported a position in ProShares S&P 500 ex-Financials ETF (SPXN) for Q1 2024, worth a combined $41.3M — up 6.5% from $38.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of SPXN and 1 opened new positions — a net loss of 3 holders — while 1 trimmed existing stakes and 5 added.
The largest buyer was Absolute Capital Management, opening a new position worth an estimated $2.08M. The largest seller was Principal Securities, exiting entirely with an estimated $2.26M sold.
- 15 institutional investors held ProShares S&P 500 ex-Financials ETF (SPXN) as of Q1 2024, down from 19 in Q4 2023.
- Funds reported $41.3M of ProShares S&P 500 ex-Financials ETF stock for Q1 2024, up 6.5% quarter-over-quarter.
- 1 fund opened new ProShares S&P 500 ex-Financials ETF positions in Q1 2024 and 4 closed out, a net change of -3 holders.
- The largest ProShares S&P 500 ex-Financials ETF buyer in Q1 2024 was Absolute Capital Management, an estimated $2.08M added.
- The largest ProShares S&P 500 ex-Financials ETF seller in Q1 2024 was Principal Securities, an estimated $2.26M sold.
Based on aggregated 13F filings for Q1 2024.