ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
136 hedge funds and large institutions have $139M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2016 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 26 increasing their positions, 33 reducing their positions, and 36 closing their positions.
4% less call options, than puts
Call options by funds: $266M | Put options by funds: $276M
8% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 36
5% less funds holding
Funds holding: 143 → 136 (-7)
8.58% less ownership
Funds ownership: 14.89% → 6.31% (-8.6%)
21% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 33
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
51% less capital invested
Capital invested by funds: $286M → $139M (-$147M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kemnay Advisory Services
New York
|
+$8.08M |
| 2 |
Morgan Stanley
New York
|
+$4.77M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.91M |
| 4 |
Goldman Sachs
New York
|
+$2.86M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
-$158M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$8.45M |
| 3 |
SG Americas Securities
New York
|
-$7.66M |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$5.7M |
| 5 |
Parallax Volatility Advisers
San Francisco,
California
|
-$5.55M |
TBT Hedge Fund Activity: Q4 2016 in Review
136 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2016, worth a combined $139M — down 51% from $286M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of TBT and 33 opened new positions — a net loss of 3 holders — while 33 trimmed existing stakes and 26 added.
The largest buyer was Kemnay Advisory Services, opening a new position worth an estimated $8.08M. The largest seller was Nan Shan Life Insurance, exiting entirely with an estimated $158M sold.
- 136 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2016, down from 143 in Q3 2016.
- Funds reported $139M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2016, down 51% quarter-over-quarter.
- 33 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2016 and 36 closed out, a net change of -3 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2016 was Kemnay Advisory Services, an estimated $8.08M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2016 was Nan Shan Life Insurance, an estimated $158M sold.
Based on aggregated 13F filings for Q4 2016.