VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER
USLV
USLV was delisted on the 2nd of July, 2020.
12 hedge funds and large institutions have $8.17M invested in VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 3 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
33% more funds holding
Funds holding: 9 → 12 (+3)
7% less capital invested
Capital invested by funds: $8.77M → $8.17M (-$594K)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
BMI Capital
New York
|
+$2.89M |
| 2 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
+$258K |
| 3 |
Goldman Sachs
New York
|
+$237K |
| 4 |
JT
Jump Trading
Chicago,
Illinois
|
+$84.1K |
| 5 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
+$34K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$2.63M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$639K |
| 3 |
Jane Street
New York
|
-$419K |
| 4 |
AC
Altus Capital
Mayfield Heights,
Ohio
|
-$51.6K |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$38.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AC
1
Altus Capital
Mayfield Heights,
Ohio
| $2.61M | -$51.6K | -100 | -2% |
|
|
BC
2
BMI Capital
New York
| $2.56M | +$2.89M | +5,604 | New |
|
|
CS
3
Credit Suisse
Zurich,
Switzerland
| $2.05M | – | – | – |
|
|
JT
4
Jump Trading
Chicago,
Illinois
| $390K | +$84.1K | +163 | +24% |
|
|
SI
5
Sprott Inc
Toronto,
Ontario, Canada
| $228K | +$258K | +500 | New |
|
|
6
Goldman Sachs
New York
| $210K | +$237K | +460 | New |
|
7
Creative Planning
Overland Park,
Kansas
| $50K | – | – | – |
|
|
TFA
8
Transamerica Financial Advisors
St. Petersburg,
Florida
| $31K | +$34K | +66 | New |
|
|
TRCT
9
Tower Research Capital (TRC)
New York
| $26K | +$28.9K | +56 | New |
|
|
FNBT
10
FineMark National Bank & Trust
Fort Myers,
Florida
| $11K | – | – | – |
|
|
U
11
UBS
Zurich,
Switzerland
| $7K | -$38.7K | -75 | -84% |
|
12
Morgan Stanley
New York
| $3K | +$3.09K | +6 | New |
|
|
VF
13
Virtu Financial
New York
| – | -$2.63M | -5,816 | Closed |
|
|
14
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$639K | -1,413 | Closed |
|
|
15
Jane Street
New York
| – | -$419K | -928 | Closed |
|
USLV Hedge Fund Activity: Q1 2014 in Review
12 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER (USLV) for Q1 2014, worth a combined $8.17M — down 6.8% from $8.77M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new USLV positions and 3 closed out — a net gain of 3 holders — while 1 added to existing stakes and 2 trimmed.
The largest buyer was BMI Capital, opening a new position worth an estimated $2.89M. The largest seller was Virtu Financial, exiting entirely with an estimated $2.63M sold.
- 12 institutional investors held VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER (USLV) as of Q1 2014, up from 9 in Q4 2013.
- Funds reported $8.17M of VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER stock for Q1 2014, down 6.8% quarter-over-quarter.
- 6 funds opened new VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER positions in Q1 2014 and 3 closed out, a net change of +3 holders.
- The largest VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER buyer in Q1 2014 was BMI Capital, an estimated $2.89M added.
- The largest VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER seller in Q1 2014 was Virtu Financial, an estimated $2.63M sold.
Based on aggregated 13F filings for Q1 2014.