ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
91 hedge funds and large institutions have $153M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2019 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 28 closing their positions.
97% more capital invested
Capital invested by funds: $77.4M → $153M (+$75.1M)
73% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 11
8.6% more ownership
Funds ownership: 8.23% → 16.83% (+8.6%)
9% less call options, than puts
Call options by funds: $78.3M | Put options by funds: $85.8M
10% less funds holding
Funds holding: 101 → 91 (-10)
29% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$49.8M |
| 2 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
+$24.9M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$18.9M |
| 4 |
ECM
ExodusPoint Capital Management
New York
|
+$5.11M |
| 5 |
Renaissance Technologies
New York
|
+$5.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$11.5M |
| 2 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
-$5.43M |
| 3 |
BFIC
Bedell Frazier Investment Counselling
Walnut Creek,
California
|
-$3.94M |
| 4 |
ATPW
Ashton Thomas Private Wealth
Scottsdale,
Arizona
|
-$1.38M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
-$807K |
TBT Hedge Fund Activity: Q2 2019 in Review
91 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q2 2019, worth a combined $153M — up 97% from $77.4M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of TBT and 20 opened new positions — a net loss of 8 holders — while 11 trimmed existing stakes and 19 added.
The largest buyer was Susquehanna International Group, adding an estimated $49.8M. The largest seller was Bank of America, cutting an estimated $11.5M.
- 91 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q2 2019, down from 101 in Q1 2019.
- Funds reported $153M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q2 2019, up 97% quarter-over-quarter.
- 20 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q2 2019 and 28 closed out, a net change of -8 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q2 2019 was Susquehanna International Group, an estimated $49.8M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q2 2019 was Bank of America, an estimated $11.5M sold.
Based on aggregated 13F filings for Q2 2019.