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ProShares Ultra S&P500
SSO

186 hedge funds and large institutions have $800M invested in ProShares Ultra S&P500 in 2024 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 43 increasing their positions, 61 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more call options, than puts

Call options by funds: $127M | Put options by funds: $71.9M

6% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 32

3% less funds holding

Funds holding: 192 → 186 (-6)

13.95% less ownership

Funds ownership: 48.53% → 34.58% (-14%)

25% less capital invested

Capital invested by funds: $1.07B → $800M (-$267M)

30% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 61

31% less funds holding in top 10

Funds holding in top 10: 16 → 11 (-5)

Holders
186
Holders Change
-6
Holders Change %
-3.13%
% of All Funds
2.68%
Holding in Top 10
11
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-31.25%
% of All Funds
0.16%
New
30
Increased
43
Reduced
61
Closed
32
Calls
$127M
Puts
$71.9M
Net Calls
+$55.4M
Net Calls Change
-$7.13M

Top Buyers

1
RAM
Revere Asset Management
Texas
+$11.5M
2
CFIM
Client First Investment Management
Wisconsin
+$10.5M
3
AWM
Axxcess Wealth Management
California
+$10M
4
RCM
Ridgepath Capital Management
Tennessee
+$8.17M
5
PDL
Portfolio Design Labs
California
+$7.23M

Top Sellers

1
AssetMark Inc
AssetMark Inc
California
-$326M
2
Osaic Holdings
Osaic Holdings
Arizona
-$27.7M
3
JF
Jump Financial
Illinois
-$17.9M
4
IMC Chicago
IMC Chicago
Illinois
-$16.3M
5
FTA
Financial & Tax Architects
Missouri
-$14M
Name Holding Trade Value Shares
Change 		Change in
Stake
ETC
26
Exchange Traded Concepts
Oklahoma
$5.59M +$5.1M +144,230 New
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$4.78M -$223K -6,298 -5%
MAM
28
Milestone Asset Management
Pennsylvania
$4.47M -$2.33M -65,756 -36%
CPSAC
29
Chas P. Smith & Associates (CPS)
Florida
$4.46M – – –
ACP
30
Aveo Capital Partners
Colorado
$4.36M -$7.13M -201,656 -63%
HF
31
HRT Financial
New York
$4.07M +$569K +16,084 +18%
PFA
32
Plotkin Financial Advisors
Maryland
$4.01M -$9.34M -263,992 -72%
TSW
33
Three Seasons Wealth
Utah
$3.7M +$680K +19,222 +25%
KWA
34
Kingswood Wealth Advisors
California
$3.67M -$532K -15,030 -14%
IFG
35
Independent Financial Group
California
$3.54M +$1.63K +46 +0.1%
BCA
36
Bray Capital Advisors
Florida
$3.45M – – –
CI
37
CPR Investments
Michigan
$3.18M +$2.9M +82,006 New
SFS
38
Sowell Financial Services
Arkansas
$3.18M +$292K +8,260 +11%
AllianceBernstein
39
AllianceBernstein
Tennessee
$3.1M – – –
ATPW
40
Ashton Thomas Private Wealth
Arizona
$2.83M +$1.49M +42,106 +136%
I
41
INVST
Indiana
$2.43M +$70.1K +1,982 +3%
AF
42
Apollon Financial
South Carolina
$2.39M – – –
Pathstone Holdings
43
Pathstone Holdings
New Jersey
$2.37M +$70.7K +2,000 +3%
Creative Planning
44
Creative Planning
Kansas
$2.26M +$157K +4,438 +8%
FNC
45
First National Corp
Massachusetts
$2.12M – – –
PFA
46
Professional Financial Advisors
Nebraska
$1.99M -$7.11M -201,068 -80%
IWP
47
Innova Wealth Partners
Pennsylvania
$1.97M +$55.5K +1,568 +3%
CDH
48
Charles D. Hyman
$1.92M – – –
EWG
49
Executive Wealth Group
Washington
$1.83M +$1.19M +33,600 +200%
DSN
50
D. Scott Neal
Kentucky
$1.78M – – –
1
2
3 4 5

SSO Hedge Fund Activity: Q1 2024 in Review

186 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra S&P500 (SSO) for Q1 2024, worth a combined $800M — down 25% from $1.07B a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of SSO and 30 opened new positions — a net loss of 2 holders — while 61 trimmed existing stakes and 43 added.

The largest buyer was Revere Asset Management, adding an estimated $11.5M. The largest seller was AssetMark Inc, cutting an estimated $326M.

  • 186 institutional investors held ProShares Ultra S&P500 (SSO) as of Q1 2024, down from 192 in Q4 2023.
  • Funds reported $800M of ProShares Ultra S&P500 stock for Q1 2024, down 25% quarter-over-quarter.
  • 30 funds opened new ProShares Ultra S&P500 positions in Q1 2024 and 32 closed out, a net change of -2 holders.
  • The largest ProShares Ultra S&P500 buyer in Q1 2024 was Revere Asset Management, an estimated $11.5M added.
  • The largest ProShares Ultra S&P500 seller in Q1 2024 was AssetMark Inc, an estimated $326M sold.

Based on aggregated 13F filings for Q1 2024.