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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

114 hedge funds and large institutions have $309M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2021 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more funds holding in top 10

Funds holding in top 10: 1 → 7 (+6)

387% more capital invested

Capital invested by funds: $63.5M → $309M (+$246M)

176% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 17

91% more call options, than puts

Call options by funds: $355M | Put options by funds: $186M

33% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 18

33% more funds holding

Funds holding: 86 → 114 (+28)

12.04% more ownership

Funds ownership: 12.53% → 24.58% (+12%)

Holders
114
Holders Change
+28
Holders Change %
+32.56%
% of All Funds
2%
Holding in Top 10
7
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+600%
% of All Funds
0.12%
New
47
Increased
24
Reduced
18
Closed
17
Calls
$355M
Puts
$186M
Net Calls
+$169M
Net Calls Change
+$129M

Top Buyers

Rank Fund Capital Flow
1
KCM
Kornitzer Capital Management
Kansas
+$27.5M
2
KIA
KCM Investment Advisors
California
+$27.4M
3
PCP
Proficio Capital Partners
Massachusetts
+$26.7M
4
NSLI
Nan Shan Life Insurance
Taiwan
+$24.7M
5
EW
Evoke Wealth
California
+$19.4M

Top Sellers

Rank Fund Capital Flow
1
MSCM
Marlin Sams Capital Management
New York
-$2.9M
2
Simplex Trading
Simplex Trading
Illinois
-$2.73M
3
BAM
Brave Asset Management
New Jersey
-$1.9M
4
CI
Centerstone Investors
New York
-$985K
5
JP Morgan Chase
JP Morgan Chase
New York
-$408K
Name Holding Trade Value Shares
Change 		Change in
Stake
BRWA
26
B. Riley Wealth Advisors
Florida
$2.14M +$1.9M +98,323 New
AIP
27
Ahrens Investment Partners
Louisiana
$1.88M +$1.46M +75,350 +673%
SFSIG
28
San Francisco Sentry Investment Group
California
$1.82M +$1.62M +83,849 New
Bank Julius Baer & Co
29
Bank Julius Baer & Co
Switzerland
$1.55M -$137K -7,083 -9%
IIA
30
IPG Investment Advisors
California
$1.26M +$1.12M +57,750 New
IP
31
Intellectus Partners
California
$1.15M +$368K +19,000 +56%
VAM
32
Verity Asset Management
North Carolina
$1.11M -$260K -13,440 -21%
FIM
33
Freedom Investment Management
Connecticut
$1.05M +$934K +48,224 New
SC
34
Solstein Capital
California
$970K +$864K +44,632 New
TSS
35
Two Sigma Securities
New York
$914K +$28.8K +1,488 +4%
HF
36
HRT Financial
New York
$834K +$373K +19,286 +101%
MWPCG
37
Measured Wealth Private Client Group
New Hampshire
$758K -$71.1K -3,673 -10%
RBC
38
Rye Brook Capital
Connecticut
$670K +$596K +30,800 New
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$668K -$106K -5,450 -15%
TFA
40
Toth Financial Advisory
Virginia
$652K +$537K +27,726 +1,221%
FNC
41
First National Corp
Massachusetts
$635K -$67K -3,459 -11%
UBS Group
42
UBS Group
Switzerland
$614K +$214K +11,056 +64%
CICI
43
Capital Investment Counsel Inc
North Carolina
$519K +$13.1K +675 +3%
CA
44
Cumberland Advisors
Florida
$437K – – –
EWM
45
Endurance Wealth Management
Rhode Island
$435K +$387K +20,000 New
HAS
46
HBW Advisory Services
California
$377K +$336K +17,358 New
IMC Chicago
47
IMC Chicago
Illinois
$326K +$291K +15,009 New
VNA
48
Valley National Advisers
Pennsylvania
$305K +$272K +14,028 New
FWSM
49
First Wilshire Securities Management
California
$297K – – –
FFA
50
First Foundation Advisors
California
$281K +$251K +12,945 New
1
2
3 4 5

TBT Hedge Fund Activity: Q1 2021 in Review

114 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2021, worth a combined $309M — up 387% from $63.5M a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new TBT positions and 17 closed out — a net gain of 30 holders — while 24 added to existing stakes and 18 trimmed.

The largest buyer was Kornitzer Capital Management, opening a new position worth an estimated $27.5M. The largest seller was Marlin Sams Capital Management, cutting an estimated $2.9M.

  • 114 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2021, up from 86 in Q4 2020.
  • Funds reported $309M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2021, up 387% quarter-over-quarter.
  • 47 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2021 and 17 closed out, a net change of +30 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2021 was Kornitzer Capital Management, an estimated $27.5M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2021 was Marlin Sams Capital Management, an estimated $2.9M sold.

Based on aggregated 13F filings for Q1 2021.