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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

133 hedge funds and large institutions have $208M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2016 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 18 increasing their positions, 41 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.69% more ownership

Funds ownership: 10.03% → 10.71% (+0.69%)

4% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 26

3% less funds holding

Funds holding: 137 → 133 (-4)

14% less call options, than puts

Call options by funds: $182M | Put options by funds: $212M

20% less capital invested

Capital invested by funds: $260M → $208M (-$52.2M)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

56% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 41

Holders
133
Holders Change
-4
Holders Change %
-2.92%
% of All Funds
3.54%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
25
Increased
18
Reduced
41
Closed
26
Calls
$182M
Puts
$212M
Net Calls
-$30.1M
Net Calls Change
-$21.6M

Top Buyers

Rank Fund Capital Flow
1
NSLI
Nan Shan Life Insurance
Taiwan
+$61M
2
SG Americas Securities
SG Americas Securities
New York
+$11.5M
3
CCM
Cobalt Capital Management
New Jersey
+$4.18M
4
HTI
Hikari Tsushin Inc
Japan
+$4.09M
5
Morgan Stanley
Morgan Stanley
New York
+$2.63M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$16M
2
IWC
Integrated Wealth Counsel
California
-$15.5M
3
LPL Financial
LPL Financial
California
-$13.2M
4
Bank of America
Bank of America
North Carolina
-$8.42M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$7.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
CICI
26
Capital Investment Counsel Inc
North Carolina
$1.49M +$30K +775 +2%
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$1.39M -$7.41M -191,368 -84%
ED
28
Exane Derivatives
France
$1.34M +$727K +18,779 +106%
HNB
29
Huntington National Bank
Ohio
$1.25M – – –
RJFSA
30
Raymond James Financial Services Advisors
Florida
$1.23M -$62.7K -1,620 -5%
UAS
31
United Asset Strategies
New York
$1.08M -$49K -1,265 -4%
HighTower Advisors
32
HighTower Advisors
Illinois
$928K +$38.4K +993 +4%
BOTW
33
Bank of the West
California
$911K -$254K -6,570 -21%
JWA
34
JFS Wealth Advisors
Pennsylvania
$866K +$96.7K +2,500 +12%
HIIFS
35
Harel Insurance Investments & Financial Services
Israel
$844K +$449K +11,600 +103%
SC
36
Scotia Capital
Ontario, Canada
$793K +$153K +3,962 +23%
MCI
37
McDonald Capital Investors
California
$687K – – –
CAM
38
Carret Asset Management
New York
$632K -$108K -2,800 -14%
SCM
39
Summit Capital Management
Washington
$605K +$635K +16,406 New
SRF
40
Silver Rock Financial
California
$561K – – –
CCM
41
Compton Capital Management
Rhode Island
$556K – – –
SHCM
42
Stokes & Hubbell Capital Management
Louisiana
$543K – – –
FPC
43
Falcon Point Capital
California
$516K – – –
FAM
44
Formidable Asset Management
Ohio
$492K +$115K +2,960 +29%
OIM
45
Orca Investment Management
Oregon
$483K – – –
Bank of New York Mellon
46
Bank of New York Mellon
New York
$445K +$467K +12,076 New
VKH
47
Virtu KCG Holdings
New York
$435K -$135K -3,490 -23%
ACM
48
Alpha Capital Management
Texas
$400K +$420K +10,855 New
FIM
49
Freedom Investment Management
Connecticut
$378K +$108K +2,785 +37%
IP
50
Investment Partners
Ohio
$362K +$317K +8,203 New
1
2
3 4 5

TBT Hedge Fund Activity: Q1 2016 in Review

133 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2016, worth a combined $208M — down 20% from $260M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of TBT and 25 opened new positions — a net loss of 1 holder — while 41 trimmed existing stakes and 18 added.

The largest buyer was Nan Shan Life Insurance, adding an estimated $61M. The largest seller was Jane Street, exiting entirely with an estimated $16M sold.

  • 133 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2016, down from 137 in Q4 2015.
  • Funds reported $208M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2016, down 20% quarter-over-quarter.
  • 25 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2016 and 26 closed out, a net change of -1 holder.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2016 was Nan Shan Life Insurance, an estimated $61M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2016 was Jane Street, an estimated $16M sold.

Based on aggregated 13F filings for Q1 2016.