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ProShares Ultra Bloomberg Crude Oil
UCO

47 hedge funds and large institutions have $48.1M invested in ProShares Ultra Bloomberg Crude Oil in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 9

10% less funds holding

Funds holding: 52 → 47 (-5)

13.13% less ownership

Funds ownership: 18.49% → 5.36% (-13%)

28% less call options, than puts

Call options by funds: $29M | Put options by funds: $40.1M

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

71% less capital invested

Capital invested by funds: $164M → $48.1M (-$116M)

Holders
47
Holders Change
-5
Holders Change %
-9.62%
% of All Funds
0.75%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
8
Increased
13
Reduced
9
Closed
13
Calls
$29M
Puts
$40.1M
Net Calls
-$11.1M
Net Calls Change
-$33.4M

Top Buyers

1
JF
Jump Financial
Illinois
+$3.59M
2
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
+$1.74M
3
SFA
Spectrum Financial Alliance
Kentucky
+$1.01M
4
FTUS
Flow Traders U.S.
New York
+$926K
5
Morgan Stanley
Morgan Stanley
New York
+$379K

Top Sellers

1
LC
L1 Capital
Australia
-$88.2M
2
Jane Street
Jane Street
New York
-$17.3M
3
HF
HRT Financial
New York
-$6.55M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.15M
5
XSC
X-Square Capital
Puerto Rico
-$818K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFEC
26
Benjamin F. Edwards & Company
Missouri
$36K – – –
BAM
27
Belpointe Asset Management
Nevada
$27K – – –
LFG
28
Larson Financial Group
Missouri
$26K – – –
JHCP
29
Jackson Hole Capital Partners
Oklahoma
$23.8K +$24.6K +900 New
AIP
30
Ahrens Investment Partners
Louisiana
$21.2K +$21.8K +800 New
HI
31
Harbour Investments
Wisconsin
$11.6K – – –
US Bancorp
32
US Bancorp
Minnesota
$5.29K – – –
SWM
33
Spire Wealth Management
Virginia
$5.29K +$5.46K +200 New
WT
34
Washington Trust
Rhode Island
$4.24K – – –
CIAS
35
Capital Investment Advisory Services
North Carolina
$4.02K – – –
EWA
36
EverSource Wealth Advisors
Alabama
$3.49K – – –
PMFA
37
Plante Moran Financial Advisors
Michigan
$2.54K – – –
Osaic Holdings
38
Osaic Holdings
Arizona
$1.91K -$4.37K -160 -69%
SIC
39
SJS Investment Consulting
Ohio
$1.06K – – –
GCS
40
Gordian Capital (Singapore)
Singapore
$1K – – –
IA
41
IFP Advisors
Florida
$728 -$59.2K -2,170 -98%
BHWM
42
Beaird Harris Wealth Management
Texas
$636 – – –
CA
43
Crewe Advisors
Utah
$636 – – –
Qube Research & Technologies (QRT)
44
Qube Research & Technologies (QRT)
United Kingdom
$556 -$2.65K -97 -82%
PA
45
Parallel Advisors
California
$424 – – –
CIA
46
Cape Investment Advisory
Georgia
$318 +$327 +12 New
NMG
47
New Millennium Group
Utah
$159 – – –
LC
48
L1 Capital
Australia
– -$88.2M -2,909,930 Closed
HF
49
HRT Financial
New York
– -$6.55M -216,284 Closed
XSC
50
X-Square Capital
Puerto Rico
– -$818K -27,000 Closed
1
2
3

UCO Hedge Fund Activity: Q1 2023 in Review

47 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra Bloomberg Crude Oil (UCO) for Q1 2023, worth a combined $48.1M — down 71% from $164M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of UCO and 8 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 13 added.

The largest buyer was Jump Financial, opening a new position worth an estimated $3.59M. The largest seller was L1 Capital, exiting entirely with an estimated $88.2M sold.

  • 47 institutional investors held ProShares Ultra Bloomberg Crude Oil (UCO) as of Q1 2023, down from 52 in Q4 2022.
  • Funds reported $48.1M of ProShares Ultra Bloomberg Crude Oil stock for Q1 2023, down 71% quarter-over-quarter.
  • 8 funds opened new ProShares Ultra Bloomberg Crude Oil positions in Q1 2023 and 13 closed out, a net change of -5 holders.
  • The largest ProShares Ultra Bloomberg Crude Oil buyer in Q1 2023 was Jump Financial, an estimated $3.59M added.
  • The largest ProShares Ultra Bloomberg Crude Oil seller in Q1 2023 was L1 Capital, an estimated $88.2M sold.

Based on aggregated 13F filings for Q1 2023.