ProShares Ultra Financials
UYG
46 hedge funds and large institutions have $40.3M invested in ProShares Ultra Financials in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 17 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
5% more funds holding
Funds holding: 44 → 46 (+2)
2.47% less ownership
Funds ownership: 33.08% → 30.62% (-2.5%)
6% less capital invested
Capital invested by funds: $42.9M → $40.3M (-$2.6M)
53% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 17
58% less call options, than puts
Call options by funds: $15.7M | Put options by funds: $37.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$4.88M |
| 2 |
Goldman Sachs
New York
|
+$2.12M |
| 3 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$1.13M |
| 4 |
Millennium Management
New York
|
+$335K |
| 5 |
Jane Street
New York
|
+$280K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$5.68M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.32M |
| 3 |
VF
Virtu Financial
New York
|
-$1.56M |
| 4 |
PWAP
Private Wealth Advisors (Pennsylvania)
Greensburg,
Pennsylvania
|
-$1.48M |
| 5 |
GML
Gems Management Ltd
Nassau,
Bahamas
|
-$531K |
UYG Hedge Fund Activity: Q3 2013 in Review
46 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra Financials (UYG) for Q3 2013, worth a combined $40.3M — down 6% from $42.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new UYG positions and 7 closed out — a net gain of 2 holders — while 8 added to existing stakes and 17 trimmed.
The largest buyer was Tower Research Capital (TRC), opening a new position worth an estimated $4.88M. The largest seller was Susquehanna International Group, cutting an estimated $5.68M.
- 46 institutional investors held ProShares Ultra Financials (UYG) as of Q3 2013, up from 44 in Q2 2013.
- Funds reported $40.3M of ProShares Ultra Financials stock for Q3 2013, down 6% quarter-over-quarter.
- 9 funds opened new ProShares Ultra Financials positions in Q3 2013 and 7 closed out, a net change of +2 holders.
- The largest ProShares Ultra Financials buyer in Q3 2013 was Tower Research Capital (TRC), an estimated $4.88M added.
- The largest ProShares Ultra Financials seller in Q3 2013 was Susquehanna International Group, an estimated $5.68M sold.
Based on aggregated 13F filings for Q3 2013.