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ProShares Ultra S&P500
SSO

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
115
Holders Change
-9
Holders Change %
-7.26%
% of All Funds
2.32%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
22
Increased
24
Reduced
44
Closed
31
Calls
$70.5M
Puts
$60.7M
Net Calls
+$9.83M
Net Calls Change
-$5.88M

Top Buyers

Rank Fund Capital Flow
1
PFG
Piershale Financial Group
Illinois
+$24.5M
2
BCM
Brookstone Capital Management
Illinois
+$12.9M
3
SFS
Sowell Financial Services
Arkansas
+$8.35M
4
FI
FormulaFolio Investments
Michigan
+$5.87M
5
SAM
SP Asset Management
California
+$4.54M

Top Sellers

Rank Fund Capital Flow
1
SCM
SCS Capital Management
Massachusetts
-$75M
2
PFA
Plotkin Financial Advisors
Maryland
-$6.3M
3
EWM
Elite Wealth Management
Washington
-$4.47M
4
TRCT
Tower Research Capital (TRC)
New York
-$4.25M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$3.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
HGWM
101
Harvest Group Wealth Management
Massachusetts
$12K +$2.38K +132 +25%
FHC
102
First Horizon Corporation
Tennessee
$11K +$10.9K +608 New
KFA
103
Kays Financial Advisory
Georgia
$10K -$1.44K -80 -12%
PFS
104
Prospera Financial Services
Texas
$7K +$6.41K +356 New
FCH
105
Freestone Capital Holdings
Washington
$6.61K +$6.48K +360 New
DI
106
Disciplined Investments
Oklahoma
$6K – – –
GI
107
Gradient Investments
Minnesota
$3K +$3.02K +168 New
Millennium Management
108
Millennium Management
New York
$2.22K +$2.18M +121,072 New
MF
109
Manchester Financial
California
$2K -$720 -40 -25%
SIS
110
Sound Income Strategies
Florida
$2K +$2.45K +136 New
HI
111
Hoey Investments
Pennsylvania
$1K -$259K -14,400 -100%
Koshinski Asset Management
112
Koshinski Asset Management
Illinois
$645 +$107K +5,928 +23%
SCM
113
SCS Capital Management
Massachusetts
– -$75M -4,798,104 Closed
PFA
114
Plotkin Financial Advisors
Maryland
– -$6.3M -403,192 Closed
EWM
115
Elite Wealth Management
Washington
– -$4.47M -286,216 Closed
BCA
116
Bray Capital Advisors
Florida
– -$3.13M -200,000 Closed
DS
117
DRW Securities
Illinois
– -$2.44M -155,912 Closed
BCM
118
Beck Capital Management
Texas
– -$1.94M -124,016 Closed
FFN
119
Focus Financial Network
Minnesota
– -$1.72M -109,960 Closed
CC
120
Claybrook Capital
Massachusetts
– -$938K -60,000 Closed
SL
121
Savior LLC
Massachusetts
– -$548K -35,032 Closed
NA
122
Navellier & Associates
Nevada
– -$496K -31,744 Closed
Renaissance Technologies
123
Renaissance Technologies
New York
– -$475K -30,400 Closed
TSS
124
Two Sigma Securities
New York
– -$317K -20,272 Closed
RIA
125
Regal Investment Advisors
Michigan
– -$280K -17,904 Closed
2 3 4
5
6

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.