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ProShares Ultra Financials
UYG

42 hedge funds and large institutions have $57.1M invested in ProShares Ultra Financials in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more capital invested

Capital invested by funds: $40.3M → $57.1M (+$16.8M)

10% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 10

9.17% more ownership

Funds ownership: 30.62% → 39.79% (+9.2%)

9% less funds holding

Funds holding: 46 → 42 (-4)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

61% less call options, than puts

Call options by funds: $14M | Put options by funds: $35.4M

Holders
42
Holders Change
-4
Holders Change %
-8.7%
% of All Funds
1.22%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
11
Reduced
10
Closed
11
Calls
$14M
Puts
$35.4M
Net Calls
-$21.4M
Net Calls Change
+$451K

Top Buyers

Rank Fund Capital Flow
1
VF
Virtu Financial
New York
+$5.72M
2
Goldman Sachs
Goldman Sachs
New York
+$3.16M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.47M
4
Morgan Stanley
Morgan Stanley
New York
+$1.25M
5
WAM
Wolverine Asset Management
Illinois
+$840K

Top Sellers

Rank Fund Capital Flow
1
MCC
Mid Continent Capital
Illinois
-$1.23M
2
TRCT
Tower Research Capital (TRC)
New York
-$975K
3
Millennium Management
Millennium Management
New York
-$607K
4
Bank of America
Bank of America
North Carolina
-$375K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$361K
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
26
Creative Planning
Kansas
$84K -$5.41K -300 -7%
ASN
27
Advisory Services Network
Georgia
$72K +$66K +3,660 New
PAS
28
Partnervest Advisory Services
California
$37K – – –
FAM
29
Formidable Asset Management
Ohio
$28K – – –
Ameriprise
30
Ameriprise
Minnesota
$20K -$49.4K -2,742 -73%
CTC
31
Central Trust Company
Missouri
$18K – – –
MFS
32
MSI Financial Services
Massachusetts
$12K – – –
KPCM
33
Kings Point Capital Management
New York
$12K +$10.8K +600 New
TDC
34
Thompson Davis & Co
Virginia
$12K +$10.8K +600 New
HF
35
Hoxton Financial
West Virginia
$11K +$9.74K +540 New
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$10K – – –
HFM
37
Hartford Financial Management
Connecticut
$8K – – –
VIA
38
Vantage Investment Advisors
Pennsylvania
$8K +$7.57K +420 New
AIG
39
American International Group
New York
$6.12K – – –
RIA
40
Regal Investment Advisors
Michigan
$4K – – –
WA
41
WealthTrust-Arizona
Arizona
$4K – – –
WT
42
Whittier Trust
California
$4K – – –
MCC
43
Mid Continent Capital
Illinois
– -$1.23M -74,850 Closed
Millennium Management
44
Millennium Management
New York
– -$607K -37,110 Closed
Jane Street
45
Jane Street
New York
– -$275K -16,782 Closed
Nomura Holdings
46
Nomura Holdings
Japan
– -$200K -12,204 Closed
Credit Agricole
47
Credit Agricole
France
– -$123K -7,500 Closed
U
48
UBS
Switzerland
– -$108K -6,000 Closed
Walleye Trading
49
Walleye Trading
New York
– -$77.8K -4,314 Closed
LWA
50
Lenox Wealth Advisors
New York
– -$65K -3,972 Closed
1
2
3

UYG Hedge Fund Activity: Q4 2013 in Review

42 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra Financials (UYG) for Q4 2013, worth a combined $57.1M — up 42% from $40.3M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of UYG and 7 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 11 added.

The largest buyer was Virtu Financial, opening a new position worth an estimated $5.72M. The largest seller was Mid Continent Capital, exiting entirely with an estimated $1.23M sold.

  • 42 institutional investors held ProShares Ultra Financials (UYG) as of Q4 2013, down from 46 in Q3 2013.
  • Funds reported $57.1M of ProShares Ultra Financials stock for Q4 2013, up 42% quarter-over-quarter.
  • 7 funds opened new ProShares Ultra Financials positions in Q4 2013 and 11 closed out, a net change of -4 holders.
  • The largest ProShares Ultra Financials buyer in Q4 2013 was Virtu Financial, an estimated $5.72M added.
  • The largest ProShares Ultra Financials seller in Q4 2013 was Mid Continent Capital, an estimated $1.23M sold.

Based on aggregated 13F filings for Q4 2013.