We are live on ! Find out more
TBT icon

ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

168 hedge funds and large institutions have $581M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2013 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 47 increasing their positions, 41 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 6 → 15 (+9)

96% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 25

59% more capital invested

Capital invested by funds: $366M → $581M (+$215M)

15% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 41

14% more funds holding

Funds holding: 147 → 168 (+21)

3.41% more ownership

Funds ownership: 9.39% → 12.8% (+3.4%)

21% less call options, than puts

Call options by funds: $972M | Put options by funds: $1.24B

Holders
168
Holders Change
+21
Holders Change %
+14.29%
% of All Funds
4.88%
Holding in Top 10
15
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+150%
% of All Funds
0.44%
New
49
Increased
47
Reduced
41
Closed
25
Calls
$972M
Puts
$1.24B
Net Calls
-$265M
Net Calls Change
+$25.1M

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$62.1M
2
AAP
Ardsley Advisory Partners
Connecticut
+$19.1M
3
VF
Virtu Financial
New York
+$15.6M
4
Bank of America
Bank of America
North Carolina
+$11M
5
SM
Seminole Management
New York
+$9.33M

Top Sellers

Rank Fund Capital Flow
1
U
UBS
Switzerland
-$10.2M
2
TAL
TIG Advisors LLC
New York
-$7.53M
3
BCM
BBT Capital Management
Texas
-$5.95M
4
Millennium Management
Millennium Management
New York
-$5.88M
5
Goldman Sachs
Goldman Sachs
New York
-$4.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
PWPCM
26
Perella Weinberg Partners Capital Management
New York
$5.54M +$5.35M +70,000 New
MCM
27
McGlinn Capital Management
Pennsylvania
$4.75M -$764K -10,000 -14%
OIM
28
Orca Investment Management
Oregon
$4.11M +$3.96M +51,862 New
ACM
29
Aviance Capital Management
Florida
$4.01M +$3.85M +50,395 +18,392%
BCM
30
Buckhead Capital Management
Georgia
$3.96M – – –
CM
31
Cascabel Management
New York
$3.96M – – –
ACP
32
Aviance Capital Partners
Florida
$3.59M +$455K +5,958 +15%
Walleye Trading
33
Walleye Trading
New York
$3.46M -$2.04M -26,637 -38%
WPIC
34
White Pine Investment Company
Michigan
$3.46M +$61K +798 +2%
HighTower Advisors
35
HighTower Advisors
Illinois
$3.45M +$1.73M +22,573 +108%
VKH
36
Virtu KCG Holdings
New York
$2.97M +$1.98M +25,897 +223%
RAM
37
Ramsey Asset Management
Virginia
$2.96M – – –
EM
38
EnTrustPermal Management
New York
$2.75M +$2.65M +34,700 New
PGIM
39
Pacific Global Investment Management
California
$2.55M +$78K +1,020 +3%
GIM
40
Guild Investment Management
California
$2.54M +$2.45M +32,040 New
IIA
41
IPG Investment Advisors
California
$2.48M +$2.39M +31,302 New
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$2.44M -$440K -5,757 -16%
PSW
43
Portfolio Strategies (Washington)
Washington
$2.4M +$2.32M +30,337 New
Morgan Stanley
44
Morgan Stanley
New York
$2.4M +$578K +7,564 +33%
HNB
45
Huntington National Bank
Ohio
$2.39M – – –
KC
46
Kingfisher Capital
North Carolina
$2.14M -$137K -1,786 -6%
TDC
47
Thompson Davis & Co
Virginia
$2.12M +$2.05M +26,775 New
U
48
UBS
Switzerland
$1.81M -$10.2M -133,729 -85%
WA
49
WFG Advisors
Texas
$1.79M +$16.2K +212 +0.9%
Nomura Holdings
50
Nomura Holdings
Japan
$1.76M -$485K -6,342 -22%
1
2
3 4 5

TBT Hedge Fund Activity: Q4 2013 in Review

168 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2013, worth a combined $581M — up 59% from $366M a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new TBT positions and 25 closed out — a net gain of 24 holders — while 47 added to existing stakes and 41 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $62.1M. The largest seller was UBS, cutting an estimated $10.2M.

  • 168 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2013, up from 147 in Q3 2013.
  • Funds reported $581M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2013, up 59% quarter-over-quarter.
  • 49 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2013 and 25 closed out, a net change of +24 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2013 was Susquehanna International Group, an estimated $62.1M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2013 was UBS, an estimated $10.2M sold.

Based on aggregated 13F filings for Q4 2013.