ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
79 hedge funds and large institutions have $49M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 9 increasing their positions, 18 reducing their positions, and 27 closing their positions.
134% more call options, than puts
Call options by funds: $89.6M | Put options by funds: $38.3M
2.79% less ownership
Funds ownership: 14.04% → 11.25% (-2.8%)
9% less funds holding
Funds holding: 87 → 79 (-8)
22% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 27
46% less capital invested
Capital invested by funds: $90.6M → $49M (-$41.6M)
50% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
+$6.57M |
| 2 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
+$6.46M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$4.36M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
+$3.84M |
| 5 |
CG
Cutler Group
San Francisco,
California
|
+$2.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$11.6M |
| 2 |
Jane Street
New York
|
-$7.07M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$6.25M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
-$5.76M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.57M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Wells Fargo
San Francisco,
California
| – | -$22 | -1 | -4% |
|
TBT Hedge Fund Activity: Q1 2020 in Review
79 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2020, worth a combined $49M — down 46% from $90.6M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of TBT and 21 opened new positions — a net loss of 6 holders — while 18 trimmed existing stakes and 9 added.
The largest buyer was AssetMark Inc, opening a new position worth an estimated $6.57M. The largest seller was Bramshill Investments, exiting entirely with an estimated $11.6M sold.
- 79 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2020, down from 87 in Q4 2019.
- Funds reported $49M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2020, down 46% quarter-over-quarter.
- 21 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2020 and 27 closed out, a net change of -6 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2020 was AssetMark Inc, an estimated $6.57M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2020 was Bramshill Investments, an estimated $11.6M sold.
Based on aggregated 13F filings for Q1 2020.