ProShares Short 20+ Year Treasury ETF
TBF
34 hedge funds and large institutions have $13.4M invested in ProShares Short 20+ Year Treasury ETF in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 15 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
14.85% less ownership
Funds ownership: 36.07% → 21.23% (-15%)
21% less funds holding
Funds holding: 43 → 34 (-9)
55% less capital invested
Capital invested by funds: $29.7M → $13.4M (-$16.3M)
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
98% less call options, than puts
Call options by funds: $24K | Put options by funds: $1.29M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
+$850K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$751K |
| 3 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$506K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$428K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$392K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$5.11M |
| 2 |
RVM
Robinson Value Management
San Antonio,
Texas
|
-$4M |
| 3 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$3.88M |
| 4 |
LPL Financial
San Diego,
California
|
-$2.51M |
| 5 |
Morgan Stanley
New York
|
-$1.41M |
TBF Hedge Fund Activity: Q1 2025 in Review
34 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in ProShares Short 20+ Year Treasury ETF (TBF) for Q1 2025, worth a combined $13.4M — down 55% from $29.7M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of TBF and 6 opened new positions — a net loss of 9 holders — while 5 trimmed existing stakes and 5 added.
The largest buyer was Shepherd Kaplan Krochuk, opening a new position worth an estimated $850K. The largest seller was CIBC World Market, exiting entirely with an estimated $5.11M sold.
- 34 institutional investors held ProShares Short 20+ Year Treasury ETF (TBF) as of Q1 2025, down from 43 in Q4 2024.
- Funds reported $13.4M of ProShares Short 20+ Year Treasury ETF stock for Q1 2025, down 55% quarter-over-quarter.
- 6 funds opened new ProShares Short 20+ Year Treasury ETF positions in Q1 2025 and 15 closed out, a net change of -9 holders.
- The largest ProShares Short 20+ Year Treasury ETF buyer in Q1 2025 was Shepherd Kaplan Krochuk, an estimated $850K added.
- The largest ProShares Short 20+ Year Treasury ETF seller in Q1 2025 was CIBC World Market, an estimated $5.11M sold.
Based on aggregated 13F filings for Q1 2025.