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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

74 hedge funds and large institutions have $104M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2024 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 6

68% more capital invested

Capital invested by funds: $62.2M → $104M (+$42.1M)

30% more call options, than puts

Call options by funds: $64.3M | Put options by funds: $49.5M

28% more funds holding

Funds holding: 58 → 74 (+16)

18% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 11

10.58% more ownership

Funds ownership: 23.42% → 34.01% (+11%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
74
Holders Change
+16
Holders Change %
+27.59%
% of All Funds
0.97%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
22
Increased
13
Reduced
11
Closed
6
Calls
$64.3M
Puts
$49.5M
Net Calls
+$14.8M
Net Calls Change
-$47K

Top Buyers

Rank Fund Capital Flow
1
FNC
First National Corp
Massachusetts
+$5.44M
2
CM
Cercano Management
Washington
+$4.58M
3
JFG
Jefferies Financial Group
New York
+$4.01M
4
Simplex Trading
Simplex Trading
Illinois
+$3M
5
CFIM
Client First Investment Management
Wisconsin
+$2.95M

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$3.12M
2
FTUS
Flow Traders U.S.
New York
-$1.35M
3
Citadel Advisors
Citadel Advisors
Florida
-$1.11M
4
UBS Group
UBS Group
Switzerland
-$688K
5
PEA
Park Edge Advisors
Ohio
-$601K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
51
Morgan Stanley
New York
$14K -$113K -3,348 -90%
MCM
52
Manchester Capital Management
Vermont
$11.7K – – –
William Blair & Company
53
William Blair & Company
Illinois
$5.49K – – –
AA
54
Ancora Advisors
Ohio
$5.02K – – –
OWP
55
ORG Wealth Partners
Texas
$4.61K – – –
Citigroup
56
Citigroup
New York
$3.66K – – –
LC
57
Lindbrook Capital
California
$3.66K +$3.37K +100 New
AIC
58
Archer Investment Corporation
Indiana
$2.75K – – –
TIM
59
Tortoise Investment Management
New York
$2.27K – – –
SWM
60
Spire Wealth Management
Virginia
$2.14K +$34 +1 +2%
OC
61
Oarsman Capital
Wisconsin
$1.94K – – –
Qube Research & Technologies (QRT)
62
Qube Research & Technologies (QRT)
United Kingdom
$1.25K +$202 +6 +21%
RCA
63
Runnymede Capital Advisors
Ohio
$1.25K +$1.15K +34 New
NSIM
64
North Star Investment Management
Illinois
$989 +$909 +27 New
GWM
65
Geneos Wealth Management
Colorado
$916 – – –
TRCT
66
Tower Research Capital (TRC)
New York
$915 -$1.82K -54 -68%
CA
67
CoreCap Advisors
Michigan
$811 – – –
AssetMark Inc
68
AssetMark Inc
California
$806 +$741 +22 New
CAS
69
Coppell Advisory Solutions
Texas
$797 – – –
FFA
70
Farther Finance Advisors
California
$256 – – –
BNP Paribas Financial Markets
71
BNP Paribas Financial Markets
France
$110 +$101 +3 New
HNB
72
Huntington National Bank
Ohio
$53 – – –
Fidelity Investments
73
Fidelity Investments
Massachusetts
$37 – – –
N
74
Natixis
France
$37 – – –
FTUS
75
Flow Traders U.S.
New York
– -$1.35M -45,241 Closed
1 2
3
4

TBT Hedge Fund Activity: Q4 2024 in Review

74 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2024, worth a combined $104M — up 68% from $62.2M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new TBT positions and 6 closed out — a net gain of 16 holders — while 13 added to existing stakes and 11 trimmed.

The largest buyer was First National Corp, adding an estimated $5.44M. The largest seller was Renaissance Technologies, cutting an estimated $3.12M.

  • 74 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2024, up from 58 in Q3 2024.
  • Funds reported $104M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2024, up 68% quarter-over-quarter.
  • 22 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2024 and 6 closed out, a net change of +16 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2024 was First National Corp, an estimated $5.44M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2024 was Renaissance Technologies, an estimated $3.12M sold.

Based on aggregated 13F filings for Q4 2024.