ProShares Short 20+ Year Treasury ETF
TBF
70 hedge funds and large institutions have $127M invested in ProShares Short 20+ Year Treasury ETF in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 29 reducing their positions, and 16 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.22% less ownership
Funds ownership: 23.67% → 21.45% (-2.2%)
8% less funds holding
Funds holding: 76 → 70 (-6)
33% less capital invested
Capital invested by funds: $190M → $127M (-$63.5M)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
47% less call options, than puts
Call options by funds: $1.28M | Put options by funds: $2.41M
66% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$6.58M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$5.53M |
| 3 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$3.02M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
+$1.14M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$20.1M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$12.7M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$12.2M |
| 4 |
JG
Jefferies Group
New York
|
-$5.7M |
| 5 |
LPL Financial
San Diego,
California
|
-$3.25M |
TBF Hedge Fund Activity: Q1 2016 in Review
70 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in ProShares Short 20+ Year Treasury ETF (TBF) for Q1 2016, worth a combined $127M — down 33% from $190M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of TBF and 10 opened new positions — a net loss of 6 holders — while 29 trimmed existing stakes and 10 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $6.58M. The largest seller was Morgan Stanley, cutting an estimated $20.1M.
- 70 institutional investors held ProShares Short 20+ Year Treasury ETF (TBF) as of Q1 2016, down from 76 in Q4 2015.
- Funds reported $127M of ProShares Short 20+ Year Treasury ETF stock for Q1 2016, down 33% quarter-over-quarter.
- 10 funds opened new ProShares Short 20+ Year Treasury ETF positions in Q1 2016 and 16 closed out, a net change of -6 holders.
- The largest ProShares Short 20+ Year Treasury ETF buyer in Q1 2016 was Virtu Financial, an estimated $6.58M added.
- The largest ProShares Short 20+ Year Treasury ETF seller in Q1 2016 was Morgan Stanley, an estimated $20.1M sold.
Based on aggregated 13F filings for Q1 2016.