We are live on ! Find out more
TBT icon

ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

140 hedge funds and large institutions have $255M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2018 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 42 increasing their positions, 30 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 2 → 6 (+4)

40% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 30

39% more call options, than puts

Call options by funds: $252M | Put options by funds: $182M

8% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 25

1.78% less ownership

Funds ownership: 13.94% → 12.16% (-1.8%)

2% less funds holding

Funds holding: 143 → 140 (-3)

9% less capital invested

Capital invested by funds: $280M → $255M (-$25.3M)

Holders
140
Holders Change
-3
Holders Change %
-2.1%
% of All Funds
3.21%
Holding in Top 10
6
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+200%
% of All Funds
0.14%
New
23
Increased
42
Reduced
30
Closed
25
Calls
$252M
Puts
$182M
Net Calls
+$70.2M
Net Calls Change
+$6.27M

Top Buyers

Rank Fund Capital Flow
1
AAP
Ardsley Advisory Partners
Connecticut
+$42.5M
2
MVP
Miller Value Partners
Florida
+$9.29M
3
TB
Terril Brothers
Missouri
+$9.03M
4
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$5.93M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$5.75M

Top Sellers

Rank Fund Capital Flow
1
NSLI
Nan Shan Life Insurance
Taiwan
-$87.8M
2
CCM
Cobalt Capital Management
New Jersey
-$10.3M
3
QFA
Quattro Financial Advisors
Texas
-$7.7M
4
TAM
Trust Asset Management
Texas
-$7.48M
5
Wolverine Trading
Wolverine Trading
Illinois
-$4.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
GF
51
Gabelli Funds
New York
$435K +$446K +12,000 New
RHBC
52
R.H. Bluestein & Co
Michigan
$426K +$9.29K +250 +2%
William Blair & Company
53
William Blair & Company
Illinois
$421K +$33.4K +900 +8%
AFP
54
Ausdal Financial Partners
Iowa
$415K +$139K +3,745 +49%
CAG
55
Csenge Advisory Group
Florida
$399K -$42.4K -1,141 -9%
ACM
56
Alpha Capital Management
Texas
$394K – – –
Creative Planning
57
Creative Planning
Kansas
$389K -$9.81K -264 -2%
ZIM
58
Zacks Investment Management
Illinois
$370K +$379K +10,210 New
RJA
59
Raymond James & Associates
Florida
$368K -$46.4K -1,250 -11%
FPC
60
Falcon Point Capital
California
$363K – – –
CCM
61
Compton Capital Management
Rhode Island
$350K -$40.9K -1,100 -10%
ANBT
62
American National Bank & Trust
Texas
$337K +$260K +6,999 +307%
DWM
63
Dynasty Wealth Management
Florida
$328K +$15.8K +426 +5%
HF
64
HRT Financial
New York
$323K +$332K +8,930 New
IP
65
Intellectus Partners
California
$317K – – –
TFA
66
Toth Financial Advisory
Virginia
$317K +$56.3K +1,515 +21%
MFG
67
Merit Financial Group
Georgia
$313K +$291K +7,832 New
SLA
68
Silver Lake Advisory
Utah
$309K +$186 +5 +0.1%
HFM
69
Hartford Financial Management
Connecticut
$301K – – –
LIM
70
Loudon Investment Management
New Hampshire
$301K – – –
PAA
71
Peregrine Asset Advisers
Oregon
$290K +$297K +8,000 New
Walleye Trading
72
Walleye Trading
New York
$272K +$11.1K +300 +4%
IHL
73
Investment House LLC
California
$259K +$265K +7,135 New
Toronto Dominion Bank
74
Toronto Dominion Bank
Ontario, Canada
$254K – – –
TWM
75
Torch Wealth Management
Ohio
$243K – – –
1 2
3
4 5

TBT Hedge Fund Activity: Q1 2018 in Review

140 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2018, worth a combined $255M — down 9% from $280M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of TBT and 23 opened new positions — a net loss of 2 holders — while 30 trimmed existing stakes and 42 added.

The largest buyer was Ardsley Advisory Partners, adding an estimated $42.5M. The largest seller was Nan Shan Life Insurance, exiting entirely with an estimated $87.8M sold.

  • 140 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2018, down from 143 in Q4 2017.
  • Funds reported $255M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2018, down 9% quarter-over-quarter.
  • 23 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2018 and 25 closed out, a net change of -2 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2018 was Ardsley Advisory Partners, an estimated $42.5M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2018 was Nan Shan Life Insurance, an estimated $87.8M sold.

Based on aggregated 13F filings for Q1 2018.