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ProShares Ultra S&P500
SSO

132 hedge funds and large institutions have $165M invested in ProShares Ultra S&P500 in 2020 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 31 increasing their positions, 37 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more call options, than puts

Call options by funds: $80.2M | Put options by funds: $65M

7% less funds holding

Funds holding: 142 → 132 (-10)

11% less first-time investments, than exits

New positions opened: 39 | Existing positions closed: 44

16% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 37

35.76% less ownership

Funds ownership: 114.93% → 79.17% (-36%)

61% less capital invested

Capital invested by funds: $422M → $165M (-$257M)

71% less funds holding in top 10

Funds holding in top 10: 7 → 2 (-5)

Holders
132
Holders Change
-10
Holders Change %
-7.04%
% of All Funds
2.91%
Holding in Top 10
2
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-71.43%
% of All Funds
0.04%
New
39
Increased
31
Reduced
37
Closed
44
Calls
$80.2M
Puts
$65M
Net Calls
+$15.2M
Net Calls Change
+$183M

Top Buyers

1
SCM
SCS Capital Management
Massachusetts
+$81.1M
2
TRCT
Tower Research Capital (TRC)
New York
+$15.3M
3
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$7.67M
4
SS
Sunbelt Securities
Texas
+$5.47M
5
WAM
Wolverine Asset Management
Illinois
+$5.17M

Top Sellers

1
AssetMark Inc
AssetMark Inc
California
-$114M
2
FI
FormulaFolio Investments
Michigan
-$33.8M
3
PFG
Piershale Financial Group
Illinois
-$26.6M
4
Goldman Sachs
Goldman Sachs
New York
-$13.1M
5
PWG
Private Wealth Group
Florida
-$11.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Carson Wealth (CWM LLC)
101
Carson Wealth (CWM LLC)
Nebraska
$36K – – –
QCG
102
Quadrant Capital Group
Ohio
$36K +$54.1K +3,200 New
CBT
103
Capital Bank & Trust
California
$33K +$50.6K +2,992 New
Barclays
104
Barclays
United Kingdom
$32K -$1.3M -76,952 -96%
Bank of America
105
Bank of America
North Carolina
$28K -$141K -8,336 -77%
US Bancorp
106
US Bancorp
Minnesota
$28K – – –
AC
107
AlphaCore Capital
California
$26K +$38.9K +2,304 New
Qube Research & Technologies (QRT)
108
Qube Research & Technologies (QRT)
United Kingdom
$26K +$39.3K +2,328 New
FANJ
109
Financial Architects (New Jersey)
New Jersey
$23K +$35.7K +2,112 New
Fifth Third Bancorp
110
Fifth Third Bancorp
Ohio
$20K – – –
SCA
111
Stonebridge Capital Advisors
Minnesota
$18K – – –
PP
112
Pacifica Partners
Canada
$14K +$20.3K +1,200 New
PA
113
Parallel Advisors
California
$12K – – –
William Blair & Company
114
William Blair & Company
Illinois
$10K +$15.1K +896 New
AssetMark Inc
115
AssetMark Inc
California
$9K -$114M -6,773,664 -100%
OPS
116
Orion Portfolio Solutions
Nebraska
$9K – – –
PAI
117
Pittenger & Anderson Inc
Nebraska
$9K – – –
AP
118
Atwood & Palmer
Missouri
$9K +$13.5K +800 New
IFAM
119
Institutional & Family Asset Management
Colorado
$5K -$449K -26,568 -98%
HGWM
120
Harvest Group Wealth Management
Massachusetts
$5K +$7.84K +464 New
BWM
121
BerganKDV Wealth Management
Minnesota
$4K – – –
DI
122
Disciplined Investments
Oklahoma
$4K – – –
FCA
123
FinTrust Capital Advisors
South Carolina
$4K +$5.41K +320 New
KFA
124
Kays Financial Advisory
Georgia
$4K +$5.95K +352 New
MF
125
Manchester Financial
California
$4K +$6.08K +360 New
3 4
5
6 7

SSO Hedge Fund Activity: Q1 2020 in Review

132 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra S&P500 (SSO) for Q1 2020, worth a combined $165M — down 61% from $422M a quarter earlier.

Sellers outnumbered buyers: 44 funds closed out of SSO and 39 opened new positions — a net loss of 5 holders — while 37 trimmed existing stakes and 31 added.

The largest buyer was SCS Capital Management, opening a new position worth an estimated $81.1M. The largest seller was AssetMark Inc, cutting an estimated $114M.

  • 132 institutional investors held ProShares Ultra S&P500 (SSO) as of Q1 2020, down from 142 in Q4 2019.
  • Funds reported $165M of ProShares Ultra S&P500 stock for Q1 2020, down 61% quarter-over-quarter.
  • 39 funds opened new ProShares Ultra S&P500 positions in Q1 2020 and 44 closed out, a net change of -5 holders.
  • The largest ProShares Ultra S&P500 buyer in Q1 2020 was SCS Capital Management, an estimated $81.1M added.
  • The largest ProShares Ultra S&P500 seller in Q1 2020 was AssetMark Inc, an estimated $114M sold.

Based on aggregated 13F filings for Q1 2020.