ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
131 hedge funds and large institutions have $176M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2017 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 23 increasing their positions, 34 reducing their positions, and 24 closing their positions.
61% more call options, than puts
Call options by funds: $301M | Put options by funds: $187M
4% more capital invested
Capital invested by funds: $169M → $176M (+$7.48M)
0.68% more ownership
Funds ownership: 7.6% → 8.28% (+0.68%)
4% less funds holding
Funds holding: 136 → 131 (-5)
21% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 24
32% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 34
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$17.1M |
| 2 |
Barclays
London,
United Kingdom
|
+$5.77M |
| 3 |
PAM
PVG Asset Management
Golden,
Colorado
|
+$3.14M |
| 4 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$2.78M |
| 5 |
CG
Cutler Group
San Francisco,
California
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$12.9M |
| 2 |
KAS
Kemnay Advisory Services
New York
|
-$8.38M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$8.33M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$7.18M |
| 5 |
Parallax Volatility Advisers
San Francisco,
California
|
-$4.89M |
TBT Hedge Fund Activity: Q2 2017 in Review
131 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q2 2017, worth a combined $176M — up 4.4% from $169M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of TBT and 19 opened new positions — a net loss of 5 holders — while 34 trimmed existing stakes and 23 added.
The largest buyer was Royal Bank of Canada, adding an estimated $17.1M. The largest seller was Susquehanna International Group, cutting an estimated $12.9M.
- 131 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q2 2017, down from 136 in Q1 2017.
- Funds reported $176M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q2 2017, up 4.4% quarter-over-quarter.
- 19 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q2 2017 and 24 closed out, a net change of -5 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q2 2017 was Royal Bank of Canada, an estimated $17.1M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q2 2017 was Susquehanna International Group, an estimated $12.9M sold.
Based on aggregated 13F filings for Q2 2017.