ProShares Ultra S&P500
SSO
126 hedge funds and large institutions have $227M invested in ProShares Ultra S&P500 in 2018 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 28 increasing their positions, 37 reducing their positions, and 39 closing their positions.
5% less funds holding
Funds holding: 132 → 126 (-6)
10% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 39
24% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 37
46.84% less ownership
Funds ownership: 131.73% → 84.89% (-47%)
48% less capital invested
Capital invested by funds: $440M → $227M (-$212M)
56% less call options, than puts
Call options by funds: $87.1M | Put options by funds: $197M
80% less funds holding in top 10
Funds holding in top 10: 10 → 2 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$20.8M |
| 2 |
Bank of New York Mellon
New York
|
+$16M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$14.1M |
| 4 |
Goldman Sachs
New York
|
+$10.9M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
+$5.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
-$64.9M |
| 2 |
HCM
Howard Capital Management
Roswell,
Georgia
|
-$52.6M |
| 3 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
-$28.2M |
| 4 |
HGWM
Harvest Group Wealth Management
Waltham,
Massachusetts
|
-$21.3M |
| 5 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
-$16.3M |
SSO Hedge Fund Activity: Q4 2018 in Review
126 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra S&P500 (SSO) for Q4 2018, worth a combined $227M — down 48% from $440M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of SSO and 35 opened new positions — a net loss of 4 holders — while 37 trimmed existing stakes and 28 added.
The largest buyer was Thrivent Financial for Lutherans, adding an estimated $20.8M. The largest seller was AssetMark Inc, exiting entirely with an estimated $64.9M sold.
- 126 institutional investors held ProShares Ultra S&P500 (SSO) as of Q4 2018, down from 132 in Q3 2018.
- Funds reported $227M of ProShares Ultra S&P500 stock for Q4 2018, down 48% quarter-over-quarter.
- 35 funds opened new ProShares Ultra S&P500 positions in Q4 2018 and 39 closed out, a net change of -4 holders.
- The largest ProShares Ultra S&P500 buyer in Q4 2018 was Thrivent Financial for Lutherans, an estimated $20.8M added.
- The largest ProShares Ultra S&P500 seller in Q4 2018 was AssetMark Inc, an estimated $64.9M sold.
Based on aggregated 13F filings for Q4 2018.