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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$5.72M |
| 2 |
Goldman Sachs
New York
|
+$3.16M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.47M |
| 4 |
Morgan Stanley
New York
|
+$1.25M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$840K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCC
Mid Continent Capital
Chicago,
Illinois
|
-$1.23M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$975K |
| 3 |
Millennium Management
New York
|
-$607K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$375K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$361K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$62K | -3,816 | Closed |
|
|
MCM
52
Manchester Capital Management
Manchester,
Vermont
| – | -$20K | -1,200 | Closed |
|
53
Parallax Volatility Advisers
San Francisco,
California
| – | -$9K | -546 | Closed |
|
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.