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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

150 hedge funds and large institutions have $287M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2015 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 38 increasing their positions, 43 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more call options, than puts

Call options by funds: $430M | Put options by funds: $356M

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

0.19% less ownership

Funds ownership: 10.84% → 10.66% (-0.19%)

3% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 30

2% less funds holding

Funds holding: 153 → 150 (-3)

12% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 43

14% less capital invested

Capital invested by funds: $331M → $287M (-$44.8M)

Holders
150
Holders Change
-3
Holders Change %
-1.96%
% of All Funds
4%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
29
Increased
38
Reduced
43
Closed
30
Calls
$430M
Puts
$356M
Net Calls
+$74.2M
Net Calls Change
+$309M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$14.9M
2
Goldman Sachs
Goldman Sachs
New York
+$8.82M
3
UBS Group
UBS Group
Switzerland
+$7.84M
4
Millennium Management
Millennium Management
New York
+$2.86M
5
Morgan Stanley
Morgan Stanley
New York
+$2.24M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$13.9M
2
Bank of America
Bank of America
North Carolina
-$10.5M
3
PAM
PVG Asset Management
Colorado
-$5.98M
4
Allianz Asset Management
Allianz Asset Management
Germany
-$4.96M
5
Citadel Advisors
Citadel Advisors
Florida
-$4.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
26
Bank of Montreal
Ontario, Canada
$1.79M -$1.72M -40,325 -48%
CICI
27
Capital Investment Counsel Inc
North Carolina
$1.76M +$404K +9,476 +29%
BOTW
28
Bank of the West
California
$1.52M -$1.85M -43,329 -54%
VAM
29
Verity Asset Management
North Carolina
$1.44M +$1.47M +34,341 New
HNB
30
Huntington National Bank
Ohio
$1.25M +$1.27M +29,877 New
JWA
31
JFS Wealth Advisors
Pennsylvania
$1.19M +$256K +6,000 +27%
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$1.18M +$399K +9,346 +50%
HIC
33
Holderness Investments Company
North Carolina
$1.15M +$597 +14 +0.1%
UCFA
34
United Capital Financial Advisors
Texas
$1M +$573K +13,419 +148%
CAM
35
Carret Asset Management
New York
$960K +$182K +4,274 +23%
ED
36
Exane Derivatives
France
$917K -$251K -5,890 -21%
CCM
37
Compton Capital Management
Rhode Island
$666K – – –
HighTower Advisors
38
HighTower Advisors
Illinois
$656K -$49.6K -1,162 -7%
SRF
39
Silver Rock Financial
California
$637K – – –
CM
40
Cascabel Management
New York
$628K +$640K +15,000 New
SG Americas Securities
41
SG Americas Securities
New York
$628K +$640K +15,000 New
MFS
42
Monetta Financial Services
Illinois
$586K +$597K +14,000 New
SCM
43
Southport Capital Management
Tennessee
$583K -$84.8K -1,987 -12%
OIM
44
Orca Investment Management
Oregon
$555K – – –
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$504K +$49.5K +1,161 +11%
SC
46
Scotia Capital
Ontario, Canada
$495K +$142K +3,335 +39%
FAM
47
Formidable Asset Management
Ohio
$491K -$42.7K -1,000 -9%
Northern Trust
48
Northern Trust
Illinois
$465K +$221K +5,190 +88%
N
49
Natixis
France
$461K -$89.8K -2,105 -16%
HIM
50
Hillsdale Investment Management
Ontario, Canada
$452K +$461K +10,800 New
1
2
3 4 5

TBT Hedge Fund Activity: Q1 2015 in Review

150 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2015, worth a combined $287M — down 14% from $331M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of TBT and 29 opened new positions — a net loss of 1 holder — while 43 trimmed existing stakes and 38 added.

The largest buyer was JP Morgan Chase, adding an estimated $14.9M. The largest seller was Jane Street, cutting an estimated $13.9M.

  • 150 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2015, down from 153 in Q4 2014.
  • Funds reported $287M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2015, down 14% quarter-over-quarter.
  • 29 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2015 and 30 closed out, a net change of -1 holder.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2015 was JP Morgan Chase, an estimated $14.9M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2015 was Jane Street, an estimated $13.9M sold.

Based on aggregated 13F filings for Q1 2015.