ProShares Ultra S&P500
115 hedge funds and large institutions have $219M invested in ProShares Ultra S&P500 in 2020 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 24 increasing their positions, 44 reducing their positions, and 31 closing their positions.
16% more call options, than puts
Call options by funds: $70.5M | Put options by funds: $60.7M
7% less funds holding
Funds holding: 124 → 115 (-9)
9% less capital invested
Capital invested by funds: $241M → $219M (-$21.8M)
29% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 31
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
45% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 44
48.4% less ownership
Funds ownership: 84.42% → 36.01% (-48%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
+$24.5M |
| 2 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$12.9M |
| 3 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$8.35M |
| 4 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
+$5.87M |
| 5 |
SAM
SP Asset Management
Cupertino,
California
|
+$4.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SCS Capital Management
Boston,
Massachusetts
|
-$75M |
| 2 |
PFA
Plotkin Financial Advisors
Chevy Chase,
Maryland
|
-$6.3M |
| 3 |
EWM
Elite Wealth Management
Kirkland,
Washington
|
-$4.47M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$4.25M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$3.71M |
SSO Hedge Fund Activity: Q3 2020 in Review
115 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra S&P500 (SSO) for Q3 2020, worth a combined $219M — down 9.1% from $241M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of SSO and 22 opened new positions — a net loss of 9 holders — while 44 trimmed existing stakes and 24 added.
The largest buyer was Piershale Financial Group, opening a new position worth an estimated $24.5M. The largest seller was SCS Capital Management, exiting entirely with an estimated $75M sold.
- 115 institutional investors held ProShares Ultra S&P500 (SSO) as of Q3 2020, down from 124 in Q2 2020.
- Funds reported $219M of ProShares Ultra S&P500 stock for Q3 2020, down 9.1% quarter-over-quarter.
- 22 funds opened new ProShares Ultra S&P500 positions in Q3 2020 and 31 closed out, a net change of -9 holders.
- The largest ProShares Ultra S&P500 buyer in Q3 2020 was Piershale Financial Group, an estimated $24.5M added.
- The largest ProShares Ultra S&P500 seller in Q3 2020 was SCS Capital Management, an estimated $75M sold.
Based on aggregated 13F filings for Q3 2020.