Vault-13

VS TRUST SVIX

-1X SHRT VIX FUT · ETP · CUSIP 92891H101

23 institutional holders -4 vs Q4 2024
1,622,8141.6m shares reported held*
$33.0mreported value*
4 new 9 added 9 reduced 8 sold out net sold ≈ $12.6m (-621.7k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $20.33. Options: 9 managers hold calls ($65.7m notional), 8 hold puts ($40.6m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 14Q4 22: 14Q1 23: 14Q2 23: 22Q3 23: 18Q4 23: 21Q1 24: 21Q2 24: 21Q3 24: 23Q4 24: 27Q1 25: 2323Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202214
Q4 202214
Q1 202314
Q2 202322
Q3 202318
Q4 202321
Q1 202421
Q2 202421
Q3 202423
Q4 202427
Q1 202523

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q2 23: 15 bought or addedQ2 23: 8 cut or sold outQ3 23: 13 bought or addedQ3 23: 14 cut or sold outQ3 23Q4 23: 15 bought or addedQ4 23: 11 cut or sold outQ1 24: 11 bought or addedQ1 24: 13 cut or sold outQ1 24Q2 24: 14 bought or addedQ2 24: 10 cut or sold outQ3 24: 17 bought or addedQ3 24: 12 cut or sold outQ3 24Q4 24: 16 bought or addedQ4 24: 14 cut or sold outQ1 25: 13 bought or addedQ1 25: 17 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023158
Q3 20231314
Q4 20231511
Q1 20241113
Q2 20241410
Q3 20241712
Q4 20241614
Q1 20251317

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150mQ2 24 calls: $53.7mQ2 24 puts: $108.4mQ2 24P/C 2.02Q3 24 calls: $67.7mQ3 24 puts: $35.7mQ3 24P/C 0.53Q4 24 calls: $66.0mQ4 24 puts: $38.4mQ4 24P/C 0.58Q1 25 calls: $65.7mQ1 25 puts: $40.6mQ1 25P/C 0.62
Numbers
QuarterCallsPutsP/C
Q2 2024$53.7m$108.4m2.02
Q3 2024$67.7m$35.7m0.53
Q4 2024$66.0m$38.4m0.58
Q1 2025$65.7m$40.6m0.62

Biggest buyers

RBF Capital, LLC Added +100,570+100.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +81,092+81.1k
UBS Group AG Added +49,097+49.1k
SIMPLEX TRADING, LLC Added +47,126+47.1k
IMC-Chicago, LLC Added +31,448+31.4k
EHP Funds Inc. Added +23,500+23.5k
WOLVERINE TRADING, LLC Added +15,805+15.8k
StoneX Group Inc. New +13,102+13.1k
Tairen Capital Ltd New +12,500+12.5k
Quadrature Capital Ltd Added +8,524+8.5k

Biggest sellers

JANE STREET GROUP, LLC Reduced -490,615-490.6k
GROUP ONE TRADING LLC Reduced -174,124-174.1k
FLOW TRADERS U.S. LLC Reduced -80,011-80.0k
MORGAN STANLEY Reduced -64,376-64.4k
BANK OF AMERICA CORP /DE/ Sold out -39,000-39.0k
MIdWestOne Financial Group, Inc. Sold out -38,370-38.4k
MOORE CAPITAL MANAGEMENT, LP Sold out -31,671-31.7k
Aveo Capital Partners, LLC Sold out -29,478-29.5k
CIBC WORLD MARKET INC. Sold out -21,379-21.4k
Selway Asset Management Reduced -18,200-18.2k

Biggest calls

GROUP ONE TRADING LLC Added $21.7m1.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $13.4m660.3k shares
JANE STREET GROUP, LLC Added $10.4m513.7k shares
WOLVERINE TRADING, LLC Reduced $8.4m414.3k shares
IMC-Chicago, LLC Reduced $7.8m382.4k shares
CITADEL ADVISORS LLC Added $4.0m194.6k shares
HAP Trading, LLC Reduced $33.6k31.4k shares
Belvedere Trading LLC Reduced $28.5k1.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

GROUP ONE TRADING LLC Added $8.9m435.5k shares
CITADEL ADVISORS LLC Added $8.8m434.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.6m322.6k shares
IMC-Chicago, LLC Reduced $6.2m305.5k shares
JANE STREET GROUP, LLC Added $5.7m282.5k shares
WOLVERINE TRADING, LLC Added $3.6m179.0k shares
Belvedere Trading LLC Reduced $770.9k37.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q1 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 467,583467.6k $9.5m $9.5m 0.02% Reduced -490.6k -490,615
2 IMC-Chicago, LLC 0.14% of their portfolio CHICAGO, IL 174,178174.2k $3.5m $3.5m 0.14% Added +31.4k +31,448
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 173,283173.3k $3.5m $3.5m 0.01% Added +81.1k +81,092
4 Quadrature Capital Ltd 0.06% of their portfolio LONDON, X0 136,054136.1k $2.8m $2.8m 0.06% Added +8.5k +8,524
5 RBF Capital, LLC 0.15% of their portfolio RENO, NV 120,245120.2k $2.4m $2.4m 0.15% Added +100.6k +100,570
6 FLOW TRADERS U.S. LLC 0.07% of their portfolio NEW YORK, NY 76,58076.6k $1.6m $1.6m 0.07% Reduced -80.0k -80,011
7 EHP Funds Inc. 1.72% of their portfolio TORONTO, Z4 75,90075.9k $1.5m $1.5m 1.72% Added +23.5k +23,500
8 GROUP ONE TRADING LLC 0.06% of their portfolio CHICAGO, IL 71,37971.4k $1.5m $1.5m 0.06% Reduced -174.1k -174,124
9 Selway Asset Management 0.54% of their portfolio BOISE, ID 64,30064.3k $1.3m $1.3m 0.54% Reduced -18.2k -18,200
10 WOLVERINE TRADING, LLC 0.04% of their portfolio CHICAGO, IL 59,24659.2k $1.2m $1.2m 0.04% Added +15.8k +15,805
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 51,09751.1k $1.0m $1.0m 0.00% Added +49.1k +49,097
12 SIMPLEX TRADING, LLC 0.04% of their portfolio CHICAGO, IL 49,05149.1k $997.0k $997.0k 0.04% Added +47.1k +47,126
13 TWO SIGMA SECURITIES, LLC 0.08% of their portfolio NEW YORK, NY 25,22825.2k $513.1k $513.1k 0.08% Reduced -7.7k -7,701
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 23,14623.1k $470.8k $470.8k 0.00% Reduced -64.4k -64,376
15 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 17,00217.0k $345.0k $345.0k 0.00% Added +3.8k +3,804
16 StoneX Group Inc. 0.01% of their portfolio NEW YORK, NY 13,10213.1k $266.5k $266.5k 0.01% New
17 Tairen Capital Ltd 0.02% of their portfolio HONG KONG, K3 12,50012.5k $254.2k $254.2k 0.02% New
18 Belvedere Trading LLC 0.02% of their portfolio CHICAGO, IL 8,9549.0k $182.1k $182.1k 0.02% Reduced -2.8k -2,800
19 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,7681.8k $36.0k $36.0k 0.00% Reduced -5.2k -5,229
20 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 968968 $19.7k $19.7k 0.00% New
21 TOTH FINANCIAL ADVISORY CORP 0.00% of their portfolio LEESBURG, VA 750750 $15.3k $15.3k 0.00% Reduced -4.1k -4,120
22 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 500500 $10.2k $10.2k 0.00% New
23 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged