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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
SCM
1
SCS Capital Management
Massachusetts
$53.3M +$81.1M +4,798,104 New
TRCT
2
Tower Research Capital (TRC)
New York
$11.9M +$15.3M +907,536 +570%
Thrivent Financial for Lutherans
3
Thrivent Financial for Lutherans
Minnesota
$8.55M +$7.67M +453,728 +144%
BCM
4
Brookstone Capital Management
Illinois
$6.01M +$3.54M +209,200 +63%
SS
5
Sunbelt Securities
Texas
$5.43M +$5.47M +323,976 New
SAM
6
SP Asset Management
California
$5.23M +$411K +24,312 +5%
HighTower Advisors
7
HighTower Advisors
Illinois
$5.19M -$1.48M -87,832 -16%
Goldman Sachs
8
Goldman Sachs
New York
$4.72M -$13.1M -775,408 -65%
PFA
9
Plotkin Financial Advisors
Maryland
$3.49M +$5.02M +296,928 +1,697%
WAM
10
Wolverine Asset Management
Illinois
$3.4M +$5.17M +306,144 New
AMG
11
Asset Management Group
Connecticut
$3.15M +$113K +6,688 +2%
SBL
12
Sargent Bickham Lagudis
Colorado
$3.08M -$170K -10,080 -4%
TFA
13
Toth Financial Advisory
Virginia
$2.54M -$4.57M -270,472 -54%
Citadel Advisors
14
Citadel Advisors
Florida
$2.32M +$2.55M +150,784 +262%
BCA
15
Bray Capital Advisors
Florida
$2.22M +$257K +15,200 +8%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$2.13M +$1.12M +66,048 +52%
CICI
17
Capital Investment Counsel Inc
North Carolina
$1.84M +$13.5K +800 +0.5%
AllianceBernstein
18
AllianceBernstein
Tennessee
$1.78M +$2.7M +160,000 New
Jane Street
19
Jane Street
New York
$1.77M +$2.68M +158,872 New
SW
20
SkyOak Wealth
Michigan
$1.6M -$729K -43,152 -23%
FNC
21
First National Corp
Massachusetts
$1.57M – – –
BCM
22
Beck Capital Management
Texas
$1.43M +$641K +37,936 +42%
HCM
23
HMS Capital Management
Tennessee
$1.32M +$2.3M +135,840 New
FFN
24
Focus Financial Network
Minnesota
$1.28M +$87.1K +5,152 +5%
CPSAC
25
Chas P. Smith & Associates (CPS)
Florida
$1.27M +$12.4K +736 +0.6%
1
2 3 4 5

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.