ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
77 hedge funds and large institutions have $42.6M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2020 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 21 closing their positions.
39% more call options, than puts
Call options by funds: $56M | Put options by funds: $40.4M
0.71% less ownership
Funds ownership: 11.25% → 10.53% (-0.71%)
10% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 21
3% less funds holding
Funds holding: 79 → 77 (-2)
13% less capital invested
Capital invested by funds: $49M → $42.6M (-$6.37M)
14% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 14
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$4.11M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.09M |
| 3 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
+$1.52M |
| 4 |
Jane Street
New York
|
+$1.45M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
-$6.32M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$5.2M |
| 3 |
CG
Cutler Group
San Francisco,
California
|
-$1.75M |
| 4 |
AssetMark Inc
Concord,
California
|
-$1.38M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$1.18M |
TBT Hedge Fund Activity: Q2 2020 in Review
77 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q2 2020, worth a combined $42.6M — down 13% from $49M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of TBT and 19 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 12 added.
The largest buyer was Clark Capital Management Group, opening a new position worth an estimated $4.11M. The largest seller was Tuttle Capital Management, exiting entirely with an estimated $6.32M sold.
- 77 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q2 2020, down from 79 in Q1 2020.
- Funds reported $42.6M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q2 2020, down 13% quarter-over-quarter.
- 19 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q2 2020 and 21 closed out, a net change of -2 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q2 2020 was Clark Capital Management Group, an estimated $4.11M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q2 2020 was Tuttle Capital Management, an estimated $6.32M sold.
Based on aggregated 13F filings for Q2 2020.