ProShares Short 20+ Year Treasury ETF
98 hedge funds and large institutions have $526M invested in ProShares Short 20+ Year Treasury ETF in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 20 increasing their positions, 41 reducing their positions, and 20 closing their positions.
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
4.89% less ownership
Funds ownership: 37.13% → 32.24% (-4.9%)
6% less funds holding
Funds holding: 104 → 98 (-6)
12% less capital invested
Capital invested by funds: $598M → $526M (-$71.5M)
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
51% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 41
76% less call options, than puts
Call options by funds: $510K | Put options by funds: $2.17M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$20.8M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$7.66M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$7.02M |
| 4 |
PSW
Portfolio Strategies (Washington)
Tacoma,
Washington
|
+$3.73M |
| 5 |
FAAM
First Allied Asset Management
San Diego,
California
|
+$3.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$43.6M |
| 2 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
-$12.7M |
| 3 |
Morgan Stanley
New York
|
-$12M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$8.66M |
| 5 |
VF
Virtu Financial
New York
|
-$6.53M |
TBF Hedge Fund Activity: Q3 2014 in Review
98 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in ProShares Short 20+ Year Treasury ETF (TBF) for Q3 2014, worth a combined $526M — down 12% from $598M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of TBF and 15 opened new positions — a net loss of 5 holders — while 41 trimmed existing stakes and 20 added.
The largest buyer was JP Morgan Private Wealth Advisors, opening a new position worth an estimated $20.8M. The largest seller was UBS, cutting an estimated $43.6M.
- 98 institutional investors held ProShares Short 20+ Year Treasury ETF (TBF) as of Q3 2014, down from 104 in Q2 2014.
- Funds reported $526M of ProShares Short 20+ Year Treasury ETF stock for Q3 2014, down 12% quarter-over-quarter.
- 15 funds opened new ProShares Short 20+ Year Treasury ETF positions in Q3 2014 and 20 closed out, a net change of -5 holders.
- The largest ProShares Short 20+ Year Treasury ETF buyer in Q3 2014 was JP Morgan Private Wealth Advisors, an estimated $20.8M added.
- The largest ProShares Short 20+ Year Treasury ETF seller in Q3 2014 was UBS, an estimated $43.6M sold.
Based on aggregated 13F filings for Q3 2014.