ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
87 hedge funds and large institutions have $90.6M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2019 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 12 increasing their positions, 20 reducing their positions, and 17 closing their positions.
77% more call options, than puts
Call options by funds: $169M | Put options by funds: $95.6M
24% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 17
14% more capital invested
Capital invested by funds: $79.2M → $90.6M (+$11.4M)
4% more funds holding
Funds holding: 84 → 87 (+3)
1.64% more ownership
Funds ownership: 12.4% → 14.04% (+1.6%)
40% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 20
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$15.3M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$11.1M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$5.54M |
| 4 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
+$2.4M |
| 5 |
IHL
Investment House LLC
Redondo Beach,
California
|
+$2.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$14.3M |
| 2 |
RA
Raffles Associates
New York
|
-$7.67M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
-$2.67M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
-$2.43M |
| 5 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$1.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -25 | Closed |
|
102
Fidelity Investments
Boston,
Massachusetts
| – | +$26 | +1 | New |
|
TBT Hedge Fund Activity: Q4 2019 in Review
87 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2019, worth a combined $90.6M — up 14% from $79.2M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new TBT positions and 17 closed out — a net gain of 4 holders — while 12 added to existing stakes and 20 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $15.3M. The largest seller was Susquehanna International Group, cutting an estimated $14.3M.
- 87 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2019, up from 84 in Q3 2019.
- Funds reported $90.6M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2019, up 14% quarter-over-quarter.
- 21 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2019 and 17 closed out, a net change of +4 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2019 was Citadel Advisors, an estimated $15.3M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2019 was Susquehanna International Group, an estimated $14.3M sold.
Based on aggregated 13F filings for Q4 2019.