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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
AWM
76
Avior Wealth Management
Nebraska
$1K – – –
HI
77
Hudock Inc
Pennsylvania
$1K – – –
PCTC
78
Perkins Coie Trust Company
Washington
$1K – – –
FWM
79
Focused Wealth Management
New York
$1K +$26 +1 +4%
Northwestern Mutual Wealth Management
80
Northwestern Mutual Wealth Management
Wisconsin
$1K +$658 +25 New
Rockefeller Capital Management
81
Rockefeller Capital Management
New York
$1K +$1.03K +39 New
BI
82
Bramshill Investments
Florida
– -$32.5M -1,121,564 Closed
TCM
83
Tuttle Capital Management
Connecticut
– -$22.6M -781,222 Closed
Renaissance Technologies
84
Renaissance Technologies
New York
– -$5.46M -188,680 Closed
ECM
85
ExodusPoint Capital Management
New York
– -$4.63M -160,000 Closed
G
86
Gainplan
Michigan
– -$780K -26,967 Closed
HSBC Holdings
87
HSBC Holdings
United Kingdom
– -$362K -12,500 Closed
SCM
88
Shelton Capital Management
Colorado
– -$289K -10,000 Closed
OIM
89
Orca Investment Management
Oregon
– -$245K -8,470 Closed
MC
90
Moors & Cabot
Massachusetts
– -$220K -7,615 Closed
CL
91
CSS LLC
Illinois
– -$109K -3,750 Closed
Citigroup
92
Citigroup
New York
– -$104K -3,600 Closed
QCIG
93
Quad-Cities Investment Group
Iowa
– -$58K -2,000 Closed
SPIA
94
Steward Partners Investment Advisory
New York
– -$29K -1,035 Closed
SSW
95
Smith Shellnut Wilson
Mississippi
– -$21K -715 Closed
SFG
96
SevenBridge Financial Group
Pennsylvania
– -$17K -600 Closed
CC
97
Cassaday & Co
Virginia
– -$6K -200 Closed
TF
98
TimeScale Financial
Massachusetts
– -$3K -87 Closed
BCI
99
Brinker Capital Investments
Pennsylvania
– -$2K -60 Closed
CG
100
Cutler Group
California
– -$948 -36 Closed
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.