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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

84 hedge funds and large institutions have $79.2M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

66% more call options, than puts

Call options by funds: $133M | Put options by funds: $80.2M

4.43% less ownership

Funds ownership: 16.83% → 12.4% (-4.4%)

8% less funds holding

Funds holding: 91 → 84 (-7)

27% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 22

29% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 21

48% less capital invested

Capital invested by funds: $153M → $79.2M (-$73.3M)

75% less funds holding in top 10

Funds holding in top 10: 4 → 1 (-3)

Holders
84
Holders Change
-7
Holders Change %
-7.69%
% of All Funds
1.84%
Holding in Top 10
1
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-75%
% of All Funds
0.02%
New
16
Increased
15
Reduced
21
Closed
22
Calls
$133M
Puts
$80.2M
Net Calls
+$53.2M
Net Calls Change
+$60.7M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$7.79M
2
RA
Raffles Associates
New York
+$4.74M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$2.92M
4
SB
Suntrust Banks
Georgia
+$2.75M
5
Simplex Trading
Simplex Trading
Illinois
+$2.21M

Top Sellers

Rank Fund Capital Flow
1
BI
Bramshill Investments
Florida
-$32.5M
2
TCM
Tuttle Capital Management
Connecticut
-$22.6M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$10.2M
4
Citadel Advisors
Citadel Advisors
Florida
-$6.25M
5
Renaissance Technologies
Renaissance Technologies
New York
-$5.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
HPC
51
HM Payson & Co
Maine
$43K – – –
Bank of America
52
Bank of America
North Carolina
$42K -$82.9K -3,150 -65%
CAPTRUST Financial Advisors
53
CAPTRUST Financial Advisors
North Carolina
$39K +$28.4K +1,078 +216%
RFWA
54
RPg Family Wealth Advisory
Massachusetts
$29.2K – – –
APA
55
American Portfolios Advisors
New York
$24.4K – – –
SIM
56
Sonora Investment Management
Arizona
$24K – – –
CIAS
57
Capital Investment Advisory Services
North Carolina
$22K – – –
AG
58
Advisor Group
Arizona
$21K -$74.9K -2,846 -77%
JWM
59
Janiczek Wealth Management
Colorado
$21K – – –
LF
60
Lee Financial
Texas
$17K – – –
RIA
61
Realta Investment Advisors
Delaware
$17K – – –
Fifth Third Bancorp
62
Fifth Third Bancorp
Ohio
$14K – – –
GWM
63
Geneos Wealth Management
Colorado
$8K -$606 -23 -6%
JCM
64
Jacobi Capital Management
Pennsylvania
$6K – – –
FANJ
65
Financial Architects (New Jersey)
New Jersey
$5K -$10.5K -400 -67%
Wells Fargo
66
Wells Fargo
California
$5K – – –
RE
67
RBC Europe
United Kingdom
$3.83K – – –
HCM
68
Highlander Capital Management
New Jersey
$3K – – –
WP
69
WealthShield Partners
North Carolina
$3K – – –
AIC
70
Archer Investment Corporation
Indiana
$2K -$18.4K -700 -90%
Carson Wealth (CWM LLC)
71
Carson Wealth (CWM LLC)
Nebraska
$2K – – –
GSWM
72
Golden State Wealth Management
California
$2K – – –
OC
73
Oakworth Capital
Alabama
$2K – – –
TIM
74
Tortoise Investment Management
New York
$2K – – –
UBS Group
75
UBS Group
Switzerland
$2K +$1.63K +62 New
1 2
3
4 5

TBT Hedge Fund Activity: Q3 2019 in Review

84 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q3 2019, worth a combined $79.2M — down 48% from $153M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of TBT and 16 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 15 added.

The largest buyer was Jane Street, adding an estimated $7.79M. The largest seller was Bramshill Investments, exiting entirely with an estimated $32.5M sold.

  • 84 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q3 2019, down from 91 in Q2 2019.
  • Funds reported $79.2M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q3 2019, down 48% quarter-over-quarter.
  • 16 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q3 2019 and 22 closed out, a net change of -6 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q3 2019 was Jane Street, an estimated $7.79M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q3 2019 was Bramshill Investments, an estimated $32.5M sold.

Based on aggregated 13F filings for Q3 2019.