ProShares Ultra S&P500
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SCS Capital Management
Boston,
Massachusetts
|
+$81.1M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$15.3M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$7.67M |
| 4 |
SS
Sunbelt Securities
Houston,
Texas
|
+$5.47M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$5.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
-$114M |
| 2 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
-$33.8M |
| 3 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
-$26.6M |
| 4 |
Goldman Sachs
New York
|
-$13.1M |
| 5 |
PWG
Private Wealth Group
Tampa,
Florida
|
-$11.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Fidelity Investments
Boston,
Massachusetts
| – | +$406 | +24 | New |
|
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.