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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

108 hedge funds and large institutions have $224M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2022 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 20 increasing their positions, 31 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

35% more call options, than puts

Call options by funds: $272M | Put options by funds: $201M

1.33% more ownership

Funds ownership: 15.79% → 17.12% (+1.3%)

1% more capital invested

Capital invested by funds: $222M → $224M (+$1.94M)

12% less funds holding

Funds holding: 123 → 108 (-15)

35% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 31

37% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 35

Holders
108
Holders Change
-15
Holders Change %
-12.2%
% of All Funds
1.7%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.11%
New
22
Increased
20
Reduced
31
Closed
35
Calls
$272M
Puts
$201M
Net Calls
+$71.1M
Net Calls Change
-$31.9M

Top Buyers

Rank Fund Capital Flow
1
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$18.7M
2
AAP
Ardsley Advisory Partners
Connecticut
+$13.9M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$11.5M
4
SIM
Seaview Investment Managers
Florida
+$9.22M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$7.73M

Top Sellers

Rank Fund Capital Flow
1
KCM
Kornitzer Capital Management
Kansas
-$19.4M
2
Citadel Advisors
Citadel Advisors
Florida
-$13.2M
3
Jane Street
Jane Street
New York
-$10.4M
4
FFG
Frisch Financial Group
New York
-$7.9M
5
CS
Credit Suisse
Switzerland
-$7.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAG
26
Crestwood Advisors Group
Massachusetts
$1.45M +$623K +32,400 +84%
CS
27
Credit Suisse
Switzerland
$1.28M -$7.68M -399,590 -86%
VAM
28
Verity Asset Management
North Carolina
$1.08M -$283K -14,727 -22%
BAM
29
Brave Asset Management
New Jersey
$1.03M -$115K -6,000 -11%
Morgan Stanley
30
Morgan Stanley
New York
$1.01M -$1.42M -73,753 -60%
PFO
31
Pathstone Family Office
New Jersey
$1.01M +$945K +49,165 New
SJIM
32
St. Johns Investment Management
Florida
$699K +$599K +31,147 +1,040%
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$684K +$57.6K +3,000 +10%
Jane Street
34
Jane Street
New York
$667K -$10.4M -541,525 -94%
CPA
35
Cardiff Park Advisors
California
$666K +$625K +32,500 New
IP
36
Intellectus Partners
California
$645K -$393K -20,450 -39%
FNC
37
First National Corp
Massachusetts
$625K +$587K +30,529 New
HJMC
38
Hellman Jordan Management Company
Massachusetts
$614K – – –
Walleye Trading
39
Walleye Trading
New York
$613K +$156K +8,124 +37%
VHAM
40
Van Hulzen Asset Management
California
$565K +$530K +27,600 New
TSS
41
Two Sigma Securities
New York
$548K -$1.05M -54,605 -67%
UB
42
UMB Bank
Missouri
$496K -$358K -18,650 -43%
UBS Group
43
UBS Group
Switzerland
$479K -$1.29M -67,271 -74%
HAS
44
HBW Advisory Services
California
$464K +$436K +22,671 New
ACM
45
Anfield Capital Management
California
$453K +$425K +22,108 New
CICI
46
Capital Investment Counsel Inc
North Carolina
$448K -$33.1K -1,725 -7%
Neuberger Berman Group
47
Neuberger Berman Group
New York
$373K – – –
CA
48
Cumberland Advisors
Florida
$363K -$31.4K -1,634 -8%
CAPTRUST Financial Advisors
49
CAPTRUST Financial Advisors
North Carolina
$328K – – –
MIG
50
McGuire Investment Group
Rhode Island
$327K – – –
1
2
3 4 5

TBT Hedge Fund Activity: Q1 2022 in Review

108 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2022, worth a combined $224M — up 0.87% from $222M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of TBT and 22 opened new positions — a net loss of 13 holders — while 31 trimmed existing stakes and 20 added.

The largest buyer was Parallax Volatility Advisers, adding an estimated $18.7M. The largest seller was Kornitzer Capital Management, cutting an estimated $19.4M.

  • 108 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2022, down from 123 in Q4 2021.
  • Funds reported $224M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2022, up 0.87% quarter-over-quarter.
  • 22 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2022 and 35 closed out, a net change of -13 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2022 was Parallax Volatility Advisers, an estimated $18.7M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2022 was Kornitzer Capital Management, an estimated $19.4M sold.

Based on aggregated 13F filings for Q1 2022.