ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
58 hedge funds and large institutions have $87.2M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2026 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 16 increasing their positions, 6 reducing their positions, and 10 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 6
115% more call options, than puts
Call options by funds: $31.3M | Put options by funds: $14.5M
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
20% more capital invested
Capital invested by funds: $72.8M → $87.2M (+$14.4M)
16% more funds holding
Funds holding: 50 → 58 (+8)
2.69% more ownership
Funds ownership: 27.72% → 30.41% (+2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$12.2M |
| 2 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$2.9M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.6M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$1.37M |
| 5 |
CFA
Camarda Financial Advisors
Fleming Island,
Florida
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mariner
Overland Park,
Kansas
|
-$3.39M |
| 2 |
Jane Street
New York
|
-$1.99M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.35M |
| 4 |
Renaissance Technologies
New York
|
-$1.32M |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
-$841K |
TBT Hedge Fund Activity: Q2 2026 in Review
58 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q2 2026, worth a combined $87.2M — up 20% from $72.8M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new TBT positions and 10 closed out — a net gain of 8 holders — while 16 added to existing stakes and 6 trimmed.
The largest buyer was Proficio Capital Partners, opening a new position worth an estimated $12.2M. The largest seller was Mariner, cutting an estimated $3.39M.
- 58 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q2 2026, up from 50 in Q1 2026.
- Funds reported $87.2M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q2 2026, up 20% quarter-over-quarter.
- 18 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q2 2026 and 10 closed out, a net change of +8 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q2 2026 was Proficio Capital Partners, an estimated $12.2M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q2 2026 was Mariner, an estimated $3.39M sold.
Based on aggregated 13F filings for Q2 2026.