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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

79 hedge funds and large institutions have $315M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 25 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

64% more capital invested

Capital invested by funds: $192M → $315M (+$123M)

19.22% more ownership

Funds ownership: 41.13% → 60.35% (+19%)

6% less funds holding

Funds holding: 84 → 79 (-5)

11% less call options, than puts

Call options by funds: $112M | Put options by funds: $125M

27% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 15

28% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 25

Holders
79
Holders Change
-5
Holders Change %
-5.95%
% of All Funds
1.25%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
11
Increased
18
Reduced
25
Closed
15
Calls
$112M
Puts
$125M
Net Calls
-$13.3M
Net Calls Change
-$4.54M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$41.9M
2
Simplex Trading
Simplex Trading
Illinois
+$9.33M
3
GS
GTS Securities
New York
+$3.31M
4
TA
Tactive Advisors
Florida
+$2.76M
5
Citadel Advisors
Citadel Advisors
Florida
+$2.7M

Top Sellers

Rank Fund Capital Flow
1
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$6.33M
2
KCM
Kornitzer Capital Management
Kansas
-$3.94M
3
TSS
Two Sigma Securities
New York
-$2.39M
4
CM
CastleKnight Management
New York
-$2.11M
5
EA
Ellsworth Advisors
Ohio
-$1.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
PWM
26
Prosperity Wealth Management
California
$687K -$3.38K -100 -0.6%
GC
27
Gruss & Co
Florida
$686K -$253K -7,500 -30%
CAPTRUST Financial Advisors
28
CAPTRUST Financial Advisors
North Carolina
$650K – – –
AWM
29
Axxcess Wealth Management
California
$623K +$214K +6,334 +66%
FWSM
30
First Wilshire Securities Management
California
$537K – – –
PVI
31
Pine Valley Investments
New Jersey
$497K -$450K -13,343 -51%
CICI
32
Capital Investment Counsel Inc
North Carolina
$488K – – –
Verition Fund Management
33
Verition Fund Management
Connecticut
$471K – – –
Walleye Trading
34
Walleye Trading
New York
$469K +$404K +11,961 New
Cerity Partners
35
Cerity Partners
New York
$404K +$347K +10,289 New
CA
36
Cumberland Advisors
Florida
$399K – – –
CS
37
Credit Suisse
Switzerland
$392K – – –
RIA
38
Regal Investment Advisors
Michigan
$352K -$210K -6,230 -41%
BNP Paribas Financial Markets
39
BNP Paribas Financial Markets
France
$342K -$655K -19,408 -69%
HFM
40
Hartford Financial Management
Connecticut
$326K – – –
IFG
41
Independent Financial Group
California
$318K -$62.4K -1,850 -19%
EL
42
Essex LLC
Illinois
$314K – – –
EP
43
Edgestream Partners
New Jersey
$297K -$121K -3,585 -32%
WAM
44
Weinberger Asset Management
California
$278K -$108K -3,186 -31%
CG
45
Cutler Group
California
$276K +$236K +6,999 +17,498%
GCM
46
Gables Capital Management
Florida
$257K – – –
UBS Group
47
UBS Group
Switzerland
$257K +$221K +6,538 +46,700%
Commonwealth Equity Services
48
Commonwealth Equity Services
Massachusetts
$217K +$187K +5,538 New
EWA
49
EP Wealth Advisors
California
$214K +$184K +5,450 New
GEA
50
Glen Eagle Advisors
New Jersey
$172K – – –
1
2
3 4

TBT Hedge Fund Activity: Q3 2023 in Review

79 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q3 2023, worth a combined $315M — up 64% from $192M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of TBT and 11 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 18 added.

The largest buyer was Jane Street, adding an estimated $41.9M. The largest seller was Parallax Volatility Advisers, cutting an estimated $6.33M.

  • 79 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q3 2023, down from 84 in Q2 2023.
  • Funds reported $315M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q3 2023, up 64% quarter-over-quarter.
  • 11 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q3 2023 and 15 closed out, a net change of -4 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q3 2023 was Jane Street, an estimated $41.9M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q3 2023 was Parallax Volatility Advisers, an estimated $6.33M sold.

Based on aggregated 13F filings for Q3 2023.