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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

82 hedge funds and large institutions have $99.2M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2023 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 21

4% more funds holding

Funds holding: 79 → 82 (+3)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

16% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 19

30% less call options, than puts

Call options by funds: $75.2M | Put options by funds: $108M

32.89% less ownership

Funds ownership: 60.35% → 27.46% (-33%)

69% less capital invested

Capital invested by funds: $315M → $99.2M (-$216M)

Holders
82
Holders Change
+3
Holders Change %
+3.8%
% of All Funds
1.2%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
25
Increased
16
Reduced
19
Closed
21
Calls
$75.2M
Puts
$108M
Net Calls
-$32.7M
Net Calls Change
-$19.4M

Top Buyers

Rank Fund Capital Flow
1
CM
CastleKnight Management
New York
+$4.68M
2
CCMG
Clark Capital Management Group
Pennsylvania
+$4.17M
3
PEA
Park Edge Advisors
Ohio
+$3.53M
4
Citadel Advisors
Citadel Advisors
Florida
+$3.2M
5
Osaic Holdings
Osaic Holdings
Arizona
+$2.87M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$174M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$8.2M
3
JFG
Jefferies Financial Group
New York
-$3.81M
4
GS
GTS Securities
New York
-$3.68M
5
CFA
Camarda Financial Advisors
Florida
-$3.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
76
Fidelity Investments
Massachusetts
$1.09K +$1.35K +36 New
AssetMark Inc
77
AssetMark Inc
California
$906 +$1.13K +30 New
GWM
78
Geneos Wealth Management
Colorado
$755 – – –
PA
79
Pineridge Advisors
Missouri
$695 +$863 +23 New
PA
80
Parallel Advisors
California
$650 +$38 +1 +5%
HNB
81
Huntington National Bank
Ohio
$46 – – –
N
82
Natixis
France
$30 – – –
GS
83
GTS Securities
New York
– -$3.68M -98,037 Closed
JFG
84
Jefferies Financial Group
New York
– -$3.81M -97,050 Closed
Millennium Management
85
Millennium Management
New York
– -$3.22M -82,001 Closed
TA
86
Tactive Advisors
Florida
– -$3.21M -81,840 Closed
PCP
87
Proficio Capital Partners
Massachusetts
– -$3.18M -80,969 Closed
GECH
88
Garnet Equity Capital Holdings
New York
– -$1.96M -50,000 Closed
AAP
89
Ardsley Advisory Partners
Connecticut
– -$981K -25,000 Closed
Walleye Capital
90
Walleye Capital
New York
– -$781K -19,904 Closed
PWM
91
Prosperity Wealth Management
California
– -$687K -17,528 Closed
AWM
92
Axxcess Wealth Management
California
– -$623K -15,891 Closed
RIA
93
Regal Investment Advisors
Michigan
– -$352K -8,968 Closed
BNP Paribas Financial Markets
94
BNP Paribas Financial Markets
France
– -$342K -8,720 Closed
HFM
95
Hartford Financial Management
Connecticut
– -$326K -8,300 Closed
IFG
96
Independent Financial Group
California
– -$318K -8,100 Closed
EL
97
Essex LLC
Illinois
– -$314K -8,000 Closed
EP
98
Edgestream Partners
New Jersey
– -$297K -7,568 Closed
Commonwealth Equity Services
99
Commonwealth Equity Services
Massachusetts
– -$217K -5,538 Closed
BAAM
100
Baker Avenue Asset Management
California
– -$98K -2,500 Closed
1 2 3
4
5

TBT Hedge Fund Activity: Q4 2023 in Review

82 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2023, worth a combined $99.2M — down 69% from $315M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new TBT positions and 21 closed out — a net gain of 4 holders — while 16 added to existing stakes and 19 trimmed.

The largest buyer was CastleKnight Management, adding an estimated $4.68M. The largest seller was Jane Street, cutting an estimated $174M.

  • 82 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2023, up from 79 in Q3 2023.
  • Funds reported $99.2M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2023, down 69% quarter-over-quarter.
  • 25 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2023 and 21 closed out, a net change of +4 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2023 was CastleKnight Management, an estimated $4.68M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2023 was Jane Street, an estimated $174M sold.

Based on aggregated 13F filings for Q4 2023.