ProShares Short 20+ Year Treasury ETF
37 hedge funds and large institutions have $24.5M invested in ProShares Short 20+ Year Treasury ETF in 2025 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 9 increasing their positions, 3 reducing their positions, and 7 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 3
77% more capital invested
Capital invested by funds: $13.9M → $24.5M (+$10.6M)
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
9% more funds holding
Funds holding: 34 → 37 (+3)
7.8% more ownership
Funds ownership: 22.01% → 29.82% (+7.8%)
35% less call options, than puts
Call options by funds: $261K | Put options by funds: $404K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$2.91M |
| 2 |
BIP
Bouvel Investment Partners
Phoenixville,
Pennsylvania
|
+$1.99M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.86M |
| 4 |
Morgan Stanley
New York
|
+$1.68M |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.2M |
| 2 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$827K |
| 3 |
TFCP
Twin Focus Capital Partners
Boston,
Massachusetts
|
-$689K |
| 4 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
-$516K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$339K |
TBF Hedge Fund Activity: Q2 2025 in Review
37 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in ProShares Short 20+ Year Treasury ETF (TBF) for Q2 2025, worth a combined $24.5M — up 77% from $13.9M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new TBF positions and 7 closed out — a net gain of 3 holders — while 9 added to existing stakes and 3 trimmed.
The largest buyer was Jane Street, adding an estimated $2.91M. The largest seller was Bank of America, exiting entirely with an estimated $1.2M sold.
- 37 institutional investors held ProShares Short 20+ Year Treasury ETF (TBF) as of Q2 2025, up from 34 in Q1 2025.
- Funds reported $24.5M of ProShares Short 20+ Year Treasury ETF stock for Q2 2025, up 77% quarter-over-quarter.
- 10 funds opened new ProShares Short 20+ Year Treasury ETF positions in Q2 2025 and 7 closed out, a net change of +3 holders.
- The largest ProShares Short 20+ Year Treasury ETF buyer in Q2 2025 was Jane Street, an estimated $2.91M added.
- The largest ProShares Short 20+ Year Treasury ETF seller in Q2 2025 was Bank of America, an estimated $1.2M sold.
Based on aggregated 13F filings for Q2 2025.