ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
66 hedge funds and large institutions have $93.6M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 25 reducing their positions, and 23 closing their positions.
25% more call options, than puts
Call options by funds: $42.3M | Put options by funds: $33.9M
2.53% more ownership
Funds ownership: 27.46% → 29.99% (+2.5%)
6% less capital invested
Capital invested by funds: $99.2M → $93.6M (-$5.61M)
20% less funds holding
Funds holding: 82 → 66 (-16)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
65% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 23
68% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$20M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.28M |
| 3 |
SCM
Sollinda Capital Management
Miami,
Florida
|
+$1.97M |
| 4 |
PEA
Park Edge Advisors
Cleveland,
Ohio
|
+$1.85M |
| 5 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$1.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Simplex Trading
Chicago,
Illinois
|
-$8.64M |
| 2 |
Jane Street
New York
|
-$8.53M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$4.04M |
| 4 |
Morgan Stanley
New York
|
-$3.59M |
| 5 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$3.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HT
76
HAP Trading
New York
| – | -$438K | -13,218 | Closed |
|
|
FFA
77
First Foundation Advisors
Irvine,
California
| – | -$352K | -11,656 | Closed |
|
|
CA
78
Cumberland Advisors
Sarasota,
Florida
| – | -$267K | -8,835 | Closed |
|
|
TSS
79
Two Sigma Securities
New York
| – | -$237K | -7,853 | Closed |
|
80
Tudor Investment Corp
Stamford,
Connecticut
| – | -$209K | -6,919 | Closed |
|
|
PAS
81
Park Avenue Securities
New York
| – | -$206K | -6,838 | Closed |
|
|
PS
82
Principal Securities
Des Moines,
Iowa
| – | -$196K | -6,482 | Closed |
|
|
ASN
83
Advisory Services Network
Atlanta,
Georgia
| – | -$28.2K | -934 | Closed |
|
|
LF
84
Lee Financial
Dallas,
Texas
| – | -$21.1K | -700 | Closed |
|
85
JP Morgan Chase
New York
| – | -$21.1K | -699 | Closed |
|
|
TWM
86
Tradition Wealth Management
Edina,
Minnesota
| – | -$8K | -272 | Closed |
|
87
US Bancorp
Minneapolis,
Minnesota
| – | -$4.83K | -160 | Closed |
|
|
LPP
88
Life Planning Partners
Jacksonville,
Florida
| – | -$1.81K | -60 | Closed |
|
|
PA
89
Pineridge Advisors
St. Charles,
Missouri
| – | -$695 | -23 | Closed |
|
TBT Hedge Fund Activity: Q1 2024 in Review
66 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2024, worth a combined $93.6M — down 5.7% from $99.2M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of TBT and 8 opened new positions — a net loss of 15 holders — while 25 trimmed existing stakes and 8 added.
The largest buyer was BNP Paribas Financial Markets, opening a new position worth an estimated $20M. The largest seller was Simplex Trading, cutting an estimated $8.64M.
- 66 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2024, down from 82 in Q4 2023.
- Funds reported $93.6M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2024, down 5.7% quarter-over-quarter.
- 8 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2024 and 23 closed out, a net change of -15 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2024 was BNP Paribas Financial Markets, an estimated $20M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2024 was Simplex Trading, an estimated $8.64M sold.
Based on aggregated 13F filings for Q1 2024.