Bill Miller’s ProShares Trust UltraShort Lehman 20+ Year Treasury TBT Stock Holding History

Bill Miller’s Portfolio TBT Stock Details TBT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-250,000	Closed	-$8.99M	–	116
2018 Q2	$8.99M	Sell	250,000 -250,000	-50%	-$9.35M	0.34%	46
2018 Q1	$18.1M	Buy	500,000 +250,000	+100%	+$9.29M	0.76%	38
2017 Q4	$8.45M	Hold	250,000	–	–	0.36%	43
2017 Q3	$8.89M	Hold	250,000	–	–	0.38%	40
2017 Q2	$8.97M	Buy	250,000 +75,000	+43%	+$2.78M	0.36%	38
2017 Q1	$5.79M	Buy	+175,000	New	+$6.99M	0.25%	38

Other funds holding TBT

Bramshill Investments Naples, Florida $1.31B AUM 1.2% 1-Year Est. Return

Citadel Advisors Miami, Florida $875B AUM 40.91% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

GWM

Geneos Wealth Management Englewood, Colorado $4.9B AUM 23.65% 1-Year Est. Return

BFIC

Bedell Frazier Investment Counselling Walnut Creek, California $495M AUM 29.32% 1-Year Est. Return

Kingfisher Capital Charlotte, North Carolina $437M AUM 41.72% 1-Year Est. Return

HighTower Advisors Chicago, Illinois $103B AUM 28.65% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return

Advisornet Financial Minnetonka, Minnesota $2.19B AUM 21.28% 1-Year Est. Return

VAM

Verity Asset Management Durham, North Carolina $264M AUM 28.52% 1-Year Est. Return

Bill Miller's TBT Position: Q3 2018 in Review

Bill Miller sold out of ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) in Q3 2018, closing a stake of 250,000 shares — an estimated $8.99M sold.

Bill Miller first reported a position in TBT in Q1 2017 and held it in 6 quarters. The position peaked at $18.1M in Q1 2018. 112 funds tracked by Wall St. Rank hold TBT as of Q3 2018.

Bill Miller reported no remaining ProShares Trust UltraShort Lehman 20+ Year Treasury position as of Q3 2018 after selling out during the quarter.
Bill Miller sold 250,000 ProShares Trust UltraShort Lehman 20+ Year Treasury shares in Q3 2018, an estimated $8.99M.
Bill Miller first reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury in Q1 2017 and held it in 6 quarters.
Bill Miller's ProShares Trust UltraShort Lehman 20+ Year Treasury position peaked at $18.1M in Q1 2018.
112 funds tracked by Wall St. Rank held ProShares Trust UltraShort Lehman 20+ Year Treasury as of Q3 2018.

Based on Miller Value Partners's 13F filing for Q3 2018, filed 14 Nov 2018.