ProShares Short 20+ Year Treasury ETF
TBF
106 hedge funds and large institutions have $601M invested in ProShares Short 20+ Year Treasury ETF in 2014 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 38 increasing their positions, 27 reducing their positions, and 13 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 27
38% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 13
5% more funds holding
Funds holding: 101 → 106 (+5)
8% less capital invested
Capital invested by funds: $653M → $601M (-$51.7M)
20% less funds holding in top 10
Funds holding in top 10: 10 → 8 (-2)
72% less call options, than puts
Call options by funds: $966K | Put options by funds: $3.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$9.22M |
| 2 |
SCG
Strategic Capital Group
Gig Harbor,
Washington
|
+$6.25M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$5.91M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.16M |
| 5 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$3.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
-$25.5M |
| 2 |
ACM
Alpha Capital Management
Austin,
Texas
|
-$6.13M |
| 3 |
Goldman Sachs
New York
|
-$5.91M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$4.29M |
| 5 |
VF
Virtu Financial
New York
|
-$4.06M |
TBF Hedge Fund Activity: Q1 2014 in Review
106 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in ProShares Short 20+ Year Treasury ETF (TBF) for Q1 2014, worth a combined $601M — down 7.9% from $653M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new TBF positions and 13 closed out — a net gain of 5 holders — while 38 added to existing stakes and 27 trimmed.
The largest buyer was UBS, adding an estimated $9.22M. The largest seller was Brinker Capital, cutting an estimated $25.5M.
- 106 institutional investors held ProShares Short 20+ Year Treasury ETF (TBF) as of Q1 2014, up from 101 in Q4 2013.
- Funds reported $601M of ProShares Short 20+ Year Treasury ETF stock for Q1 2014, down 7.9% quarter-over-quarter.
- 18 funds opened new ProShares Short 20+ Year Treasury ETF positions in Q1 2014 and 13 closed out, a net change of +5 holders.
- The largest ProShares Short 20+ Year Treasury ETF buyer in Q1 2014 was UBS, an estimated $9.22M added.
- The largest ProShares Short 20+ Year Treasury ETF seller in Q1 2014 was Brinker Capital, an estimated $25.5M sold.
Based on aggregated 13F filings for Q1 2014.