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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

168 hedge funds and large institutions have $581M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2013 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 47 increasing their positions, 41 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 6 → 15 (+9)

96% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 25

59% more capital invested

Capital invested by funds: $366M → $581M (+$215M)

15% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 41

14% more funds holding

Funds holding: 147 → 168 (+21)

3.41% more ownership

Funds ownership: 9.39% → 12.8% (+3.4%)

21% less call options, than puts

Call options by funds: $972M | Put options by funds: $1.24B

Holders
168
Holders Change
+21
Holders Change %
+14.29%
% of All Funds
4.88%
Holding in Top 10
15
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+150%
% of All Funds
0.44%
New
49
Increased
47
Reduced
41
Closed
25
Calls
$972M
Puts
$1.24B
Net Calls
-$265M
Net Calls Change
+$25.1M

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$62.1M
2
AAP
Ardsley Advisory Partners
Connecticut
+$19.1M
3
VF
Virtu Financial
New York
+$15.6M
4
Bank of America
Bank of America
North Carolina
+$11M
5
SM
Seminole Management
New York
+$9.33M

Top Sellers

Rank Fund Capital Flow
1
U
UBS
Switzerland
-$10.2M
2
TAL
TIG Advisors LLC
New York
-$7.53M
3
BCM
BBT Capital Management
Texas
-$5.95M
4
Millennium Management
Millennium Management
New York
-$5.88M
5
Goldman Sachs
Goldman Sachs
New York
-$4.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCM
51
Compton Capital Management
Rhode Island
$1.71M +$169K +2,213 +11%
V
52
Veritable
Delaware
$1.66M – – –
CCMG
53
Clark Capital Management Group
Pennsylvania
$1.53M +$1.48M +19,350 New
SFU
54
Stonehage Fleming (UK)
United Kingdom
$1.5M +$1.45M +19,000 New
BC
55
BMI Capital
New York
$1.38M -$71.4K -934 -5%
Commonwealth Equity Services
56
Commonwealth Equity Services
Massachusetts
$1.36M +$129K +1,691 +11%
DS
57
Dudley & Shanley
Florida
$1.35M -$249K -3,260 -16%
CICI
58
Capital Investment Counsel Inc
North Carolina
$1.24M -$39K -510 -3%
Millennium Management
59
Millennium Management
New York
$1.2M -$5.88M -76,904 -83%
Cambridge Investment Research Advisors
60
Cambridge Investment Research Advisors
Iowa
$1.19M +$242K +3,168 +27%
AC
61
Alexandria Capital
Virginia
$1.18M -$4.89K -64 -0.4%
OAM
62
Orinda Asset Management
California
$1.13M +$1.09M +14,300 New
RJA
63
Raymond James & Associates
Florida
$1.09M -$1.75M -22,939 -62%
MCI
64
McDonald Capital Investors
California
$1.04M -$86K -1,125 -8%
LCP
65
Legacy Capital Partners
Wisconsin
$1.03M – – –
ACI
66
Alpha Cubed Investments
California
$1.02M +$984K +12,876 New
CWA
67
Convergent Wealth Advisors
Maryland
$1.01M +$974K +12,740 New
AIG
68
American International Group
New York
$984K -$646K -8,455 -40%
HCM
69
Howland Capital Management
Massachusetts
$923K +$302K +3,950 +51%
DS
70
DRW Securities
Illinois
$917K +$885K +11,578 New
SCM
71
Southport Capital Management
Tennessee
$905K +$231K +3,024 +36%
N
72
Natixis
France
$871K +$841K +11,000 New
Fifth Third Bancorp
73
Fifth Third Bancorp
Ohio
$854K +$29.4K +384 +4%
BL
74
Bolton LP
Connecticut
$850K +$536K +7,005 +188%
SG Americas Securities
75
SG Americas Securities
New York
$847K -$1.57M -20,563 -66%
1 2
3
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TBT Hedge Fund Activity: Q4 2013 in Review

168 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2013, worth a combined $581M — up 59% from $366M a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new TBT positions and 25 closed out — a net gain of 24 holders — while 47 added to existing stakes and 41 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $62.1M. The largest seller was UBS, cutting an estimated $10.2M.

  • 168 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2013, up from 147 in Q3 2013.
  • Funds reported $581M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2013, up 59% quarter-over-quarter.
  • 49 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2013 and 25 closed out, a net change of +24 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2013 was Susquehanna International Group, an estimated $62.1M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2013 was UBS, an estimated $10.2M sold.

Based on aggregated 13F filings for Q4 2013.