ProShares UltraPro S&P 500
UPRO
37 hedge funds and large institutions have $58.5M invested in ProShares UltraPro S&P 500 in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 23 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 8
0.26% less ownership
Funds ownership: 11.47% → 11.21% (-0.26%)
26% less funds holding
Funds holding: 50 → 37 (-13)
28% less capital invested
Capital invested by funds: $81.8M → $58.5M (-$23.3M)
30% less call options, than puts
Call options by funds: $57.5M | Put options by funds: $82M
57% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 23
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cumberland Advisors
Sarasota,
Florida
|
+$34.2M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$4.6M |
| 3 |
PFM
Probabilities Fund Management
White Plains,
New York
|
+$4.15M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$3.37M |
| 5 |
EP
Edgestream Partners
Princeton,
New Jersey
|
+$3.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$18M |
| 2 |
PP
Pension Partners
New York
|
-$17M |
| 3 |
BCM
Beck Capital Management
Austin,
Texas
|
-$4.77M |
| 4 |
IWA
Intercontinental Wealth Advisors
San Antonio,
Texas
|
-$2.35M |
| 5 |
DS
DRW Securities
Chicago,
Illinois
|
-$2.02M |
UPRO Hedge Fund Activity: Q4 2018 in Review
37 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraPro S&P 500 (UPRO) for Q4 2018, worth a combined $58.5M — down 28% from $81.8M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of UPRO and 10 opened new positions — a net loss of 13 holders — while 8 trimmed existing stakes and 14 added.
The largest buyer was Cumberland Advisors, opening a new position worth an estimated $34.2M. The largest seller was Miller Value Partners, exiting entirely with an estimated $18M sold.
- 37 institutional investors held ProShares UltraPro S&P 500 (UPRO) as of Q4 2018, down from 50 in Q3 2018.
- Funds reported $58.5M of ProShares UltraPro S&P 500 stock for Q4 2018, down 28% quarter-over-quarter.
- 10 funds opened new ProShares UltraPro S&P 500 positions in Q4 2018 and 23 closed out, a net change of -13 holders.
- The largest ProShares UltraPro S&P 500 buyer in Q4 2018 was Cumberland Advisors, an estimated $34.2M added.
- The largest ProShares UltraPro S&P 500 seller in Q4 2018 was Miller Value Partners, an estimated $18M sold.
Based on aggregated 13F filings for Q4 2018.