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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
FEM
101
Fulcrum Equity Management
Texas
$456K -$756K -21,370 -65%
CASC
102
Coppell Advisory Solutions Corp
Texas
$453K +$413K +11,678 New
WA
103
Wealthstream Advisors
New York
$450K -$39.4K -1,114 -9%
XSC
104
X-Square Capital
Puerto Rico
$448K +$438K +12,372 New
NL
105
NWAM LLC
Washington
$439K – – –
WA
106
Wealthstar Advisors
Texas
$438K -$26.6K -752 -6%
Wolverine Trading
107
Wolverine Trading
Illinois
$433K +$395K +11,160 New
PWM
108
Perigon Wealth Management
California
$427K -$722K -20,400 -65%
SMA
109
Sage Mountain Advisors
Georgia
$423K – – –
Corient Private Wealth
110
Corient Private Wealth
Florida
$415K -$27.2K -768 -7%
HT
111
Headlands Technologies
Illinois
$410K +$235K +6,648 +169%
PWM
112
Palumbo Wealth Management
New York
$404K -$84.2K -2,380 -19%
WMA
113
West Michigan Advisors
Michigan
$403K – – –
BAM
114
Berkshire Asset Management
Pennsylvania
$397K – – –
CFS
115
CRA Financial Services
New Jersey
$395K +$1.63K +46 +0.5%
RJA
116
Raymond James & Associates
Florida
$385K +$68.6K +1,940 +24%
AAP
117
Arax Advisory Partners
Colorado
$385K – – –
WSTAM
118
Wilbanks Smith & Thomas Asset Management
Virginia
$383K – – –
TA
119
TruWealth Advisors
Louisiana
$374K – – –
CB
120
Commerce Bank
Missouri
$366K – – –
CF
121
Centaurus Financial
California
$362K +$42.2K +1,192 +15%
GCM
122
Gables Capital Management
Florida
$351K – – –
AWS
123
Atria Wealth Solutions
New York
$351K -$23.4K -662 -7%
IW
124
Imprint Wealth
South Carolina
$349K -$105K -2,960 -25%
VCA
125
Verdence Capital Advisors
Maryland
$346K -$15.2K -430 -5%
3 4
5
6 7

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.