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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

85 hedge funds and large institutions have $123M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 28 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.51% more ownership

Funds ownership: 19.43% → 22.94% (+3.5%)

1% less call options, than puts

Call options by funds: $206M | Put options by funds: $208M

14% less funds holding

Funds holding: 99 → 85 (-14)

22% less capital invested

Capital invested by funds: $158M → $123M (-$34.6M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

32% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 28

44% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 25

Holders
85
Holders Change
-14
Holders Change %
-14.14%
% of All Funds
1.35%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
14
Increased
19
Reduced
28
Closed
25
Calls
$206M
Puts
$208M
Net Calls
-$2M
Net Calls Change
+$7.16M

Top Buyers

Rank Fund Capital Flow
1
AAP
Ardsley Advisory Partners
Connecticut
+$17.6M
2
Bank of America
Bank of America
North Carolina
+$13.1M
3
Simplex Trading
Simplex Trading
Illinois
+$6.44M
4
HT
HAP Trading
New York
+$6.23M
5
Citadel Advisors
Citadel Advisors
Florida
+$1.59M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$20.3M
2
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$9.27M
3
BIM
Bullseye Investment Management
Ohio
-$6.77M
4
ATPW
Ashton Thomas Private Wealth
Arizona
-$6.16M
5
KIA
KCM Investment Advisors
California
-$3.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
76
Ancora Advisors
Ohio
$3.83K – – –
AIP
77
Ahrens Investment Partners
Louisiana
$2.8K +$2.93K +100 New
AIC
78
Archer Investment Corporation
Indiana
$2.1K – – –
TIM
79
Tortoise Investment Management
New York
$1.73K – – –
MFG
80
Mendota Financial Group
Wisconsin
$1.54K – – –
SWM
81
Spire Wealth Management
Virginia
$1.5K +$29 +1 +2%
ACA
82
Aptus Capital Advisors
Alabama
$1.43K +$1.5K +51 New
LCM
83
Logan Capital Management
Pennsylvania
$1.4K – – –
SIS
84
Strategic Investment Solutions
Illinois
$1.4K +$1.47K +50 New
Royal Bank of Canada
85
Royal Bank of Canada
Ontario, Canada
$1K +$850 +29 New
HNB
86
Huntington National Bank
Ohio
$44 – – –
BIM
87
Bullseye Investment Management
Ohio
– -$6.77M -208,382 Closed
KIA
88
KCM Investment Advisors
California
– -$3.5M -107,768 Closed
BRWA
89
B. Riley Wealth Advisors
Florida
– -$1.7M -52,293 Closed
SJIM
90
St. Johns Investment Management
Florida
– -$1.24M -38,080 Closed
AWM
91
Axxcess Wealth Management
California
– -$1.18M -36,406 Closed
TSS
92
Two Sigma Securities
New York
– -$1.05M -32,254 Closed
JFG
93
Jefferies Financial Group
New York
– -$878K -27,025 Closed
IIA
94
IPG Investment Advisors
California
– -$821K -25,250 Closed
IMC Chicago
95
IMC Chicago
Illinois
– -$536K -16,503 Closed
PP
96
Peconic Partners
New York
– -$488K -15,000 Closed
HIS
97
Harvest Investment Services
Illinois
– -$352K -10,816 Closed
PCP
98
Proficio Capital Partners
Massachusetts
– -$334K -10,266 Closed
CAP
99
Columbia Advisory Partners
Washington
– -$313K -9,616 Closed
CFA
100
Camarda Financial Advisors
Florida
– -$287K -8,835 Closed
1 2 3
4
5

TBT Hedge Fund Activity: Q1 2023 in Review

85 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2023, worth a combined $123M — down 22% from $158M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of TBT and 14 opened new positions — a net loss of 11 holders — while 28 trimmed existing stakes and 19 added.

The largest buyer was Ardsley Advisory Partners, opening a new position worth an estimated $17.6M. The largest seller was Jane Street, cutting an estimated $20.3M.

  • 85 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2023, down from 99 in Q4 2022.
  • Funds reported $123M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2023, down 22% quarter-over-quarter.
  • 14 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2023 and 25 closed out, a net change of -11 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2023 was Ardsley Advisory Partners, an estimated $17.6M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2023 was Jane Street, an estimated $20.3M sold.

Based on aggregated 13F filings for Q1 2023.