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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

99 hedge funds and large institutions have $158M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2022 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 13 increasing their positions, 41 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.42% less ownership

Funds ownership: 19.84% → 19.43% (-0.42%)

4% less call options, than puts

Call options by funds: $234M | Put options by funds: $243M

7% less funds holding

Funds holding: 106 → 99 (-7)

20% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 30

35% less capital invested

Capital invested by funds: $242M → $158M (-$83.7M)

50% less funds holding in top 10

Funds holding in top 10: 8 → 4 (-4)

68% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 41

Holders
99
Holders Change
-7
Holders Change %
-6.6%
% of All Funds
1.59%
Holding in Top 10
4
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-50%
% of All Funds
0.06%
New
24
Increased
13
Reduced
41
Closed
30
Calls
$234M
Puts
$243M
Net Calls
-$9.16M
Net Calls Change
-$88.1M

Top Buyers

1
Jane Street
Jane Street
New York
+$22.8M
2
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$10.2M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$4.88M
4
FTUS
Flow Traders U.S.
New York
+$4.43M
5
Goldman Sachs
Goldman Sachs
New York
+$1.63M

Top Sellers

1
MSR
Main Street Research
Connecticut
-$36.9M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$31.8M
3
SIM
Seaview Investment Managers
Florida
-$16.4M
4
Wolverine Trading
Wolverine Trading
Illinois
-$8.84M
5
PP
Peconic Partners
New York
-$7.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
JFG
26
Jefferies Financial Group
New York
$878K +$879K +27,025 New
Bank of Montreal
27
Bank of Montreal
Ontario, Canada
$852K -$133K -4,100 -14%
IIA
28
IPG Investment Advisors
California
$821K +$822K +25,250 New
CA
29
CoreCap Advisors
Michigan
$800K +$801K +24,630 New
Brown Advisory
30
Brown Advisory
Maryland
$715K +$716K +22,000 New
PWM
31
Prosperity Wealth Management
California
$576K +$577K +17,728 New
CAG
32
Crestwood Advisors Group
Massachusetts
$553K -$32.5K -1,000 -6%
CICI
33
Capital Investment Counsel Inc
North Carolina
$547K -$26K -800 -5%
IFG
34
Independent Financial Group
California
$545K -$497K -15,263 -48%
CAPTRUST Financial Advisors
35
CAPTRUST Financial Advisors
North Carolina
$539K -$16.3K -500 -3%
IMC Chicago
36
IMC Chicago
Illinois
$536K -$766K -23,531 -59%
RIA
37
Regal Investment Advisors
Michigan
$504K +$72.7K +2,233 +17%
CA
38
Cumberland Advisors
Florida
$498K -$102K -3,145 -17%
PP
39
Peconic Partners
New York
$488K -$7.65M -235,000 -94%
FWSM
40
First Wilshire Securities Management
California
$445K – – –
Verition Fund Management
41
Verition Fund Management
Connecticut
$390K -$1.04M -32,000 -73%
CS
42
Credit Suisse
Switzerland
$379K -$69.6K -2,140 -16%
HIS
43
Harvest Investment Services
Illinois
$352K -$47.4K -1,458 -12%
Morgan Stanley
44
Morgan Stanley
New York
$343K -$282K -8,675 -45%
PCP
45
Proficio Capital Partners
Massachusetts
$334K +$334K +10,266 New
CAM
46
Cidel Asset Management
Ontario, Canada
$325K – – –
WAM
47
Weinberger Asset Management
California
$325K – – –
AWS
48
AJ Wealth Strategies
New York
$316K -$1.46M -44,959 -82%
CAP
49
Columbia Advisory Partners
Washington
$313K +$313K +9,616 New
CFA
50
Camarda Financial Advisors
Florida
$287K -$3.03M -93,151 -91%
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TBT Hedge Fund Activity: Q4 2022 in Review

99 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2022, worth a combined $158M — down 35% from $242M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of TBT and 24 opened new positions — a net loss of 6 holders — while 41 trimmed existing stakes and 13 added.

The largest buyer was Jane Street, adding an estimated $22.8M. The largest seller was Main Street Research, exiting entirely with an estimated $36.9M sold.

  • 99 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2022, down from 106 in Q3 2022.
  • Funds reported $158M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2022, down 35% quarter-over-quarter.
  • 24 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2022 and 30 closed out, a net change of -6 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2022 was Jane Street, an estimated $22.8M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2022 was Main Street Research, an estimated $36.9M sold.

Based on aggregated 13F filings for Q4 2022.