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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

123 hedge funds and large institutions have $222M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2021 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 31 increasing their positions, 35 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

66% more call options, than puts

Call options by funds: $259M | Put options by funds: $156M

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

4.46% less ownership

Funds ownership: 20.25% → 15.79% (-4.5%)

6% less funds holding

Funds holding: 131 → 123 (-8)

11% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 35

22% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 37

31% less capital invested

Capital invested by funds: $321M → $222M (-$98.2M)

Holders
123
Holders Change
-8
Holders Change %
-6.11%
% of All Funds
1.89%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
29
Increased
31
Reduced
35
Closed
37
Calls
$259M
Puts
$156M
Net Calls
+$103M
Net Calls Change
+$51.5M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$9.5M
2
Bank of America
Bank of America
North Carolina
+$5.2M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$3.52M
4
Wolverine Trading
Wolverine Trading
Illinois
+$3.46M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$3.2M

Top Sellers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
-$27.4M
2
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$20.2M
3
EW
Evoke Wealth
California
-$18.4M
4
KIA
KCM Investment Advisors
California
-$15M
5
BAM
Brave Asset Management
New Jersey
-$8.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
101
Citigroup
New York
$8K -$208K -12,000 -96%
FIA
102
FNY Investment Advisers
New York
$8K – – –
SCA
103
Snowden Capital Advisors
New York
$7K +$7.81K +450 New
VNA
104
Valley National Advisers
Pennsylvania
$6K -$244K -14,058 -97%
SBL
105
Sargent Bickham Lagudis
Colorado
$6K -$1.56K -90 -21%
COCM
106
Charter Oak Capital Management
New Hampshire
$6K – – –
CWAF
107
Core Wealth Advisors (Florida)
Florida
$5K +$5.2K +300 New
FAG
108
Fortitude Advisory Group
Washington
$4K +$4.34K +250 New
Carson Wealth (CWM LLC)
109
Carson Wealth (CWM LLC)
Nebraska
$3K +$2.78K +160 New
HCM
110
Highlander Capital Management
New Jersey
$2K – – –
SWA
111
SOA Wealth Advisors
New York
$2K – – –
SWM
112
Spire Wealth Management
Virginia
$2K – – –
AIC
113
Archer Investment Corporation
Indiana
$1.27K – – –
AA
114
Ancora Advisors
Ohio
$1K – – –
LCM
115
Logan Capital Management
Pennsylvania
$1K – – –
PFGIA
116
Patriot Financial Group Insurance Agency
Massachusetts
$1K – – –
TIM
117
Tortoise Investment Management
New York
$1K – – –
TWC
118
TD Waterhouse Canada
Ontario, Canada
$448 +$434 +25 New
EW
119
Evoke Wealth
California
– -$18.4M -1,000,000 Closed
PCP
120
Proficio Capital Partners
Massachusetts
– -$5.41M -294,981 Closed
PGCM
121
Prescott Group Capital Management
Oklahoma
– -$4.48M -244,000 Closed
GIM
122
Guild Investment Management
California
– -$4.15M -225,990 Closed
DAS
123
Dynamic Advisor Solutions
Arizona
– -$2.7M -146,965 Closed
RBC
124
Rye Brook Capital
Connecticut
– -$2.38M -129,800 Closed
CCA
125
Cruiser Capital Advisors
Connecticut
– -$2.26M -123,000 Closed
3 4
5
6 7

TBT Hedge Fund Activity: Q4 2021 in Review

123 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2021, worth a combined $222M — down 31% from $321M a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of TBT and 29 opened new positions — a net loss of 8 holders — while 35 trimmed existing stakes and 31 added.

The largest buyer was Jane Street, adding an estimated $9.5M. The largest seller was Credit Suisse, cutting an estimated $27.4M.

  • 123 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2021, down from 131 in Q3 2021.
  • Funds reported $222M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2021, down 31% quarter-over-quarter.
  • 29 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2021 and 37 closed out, a net change of -8 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2021 was Jane Street, an estimated $9.5M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2021 was Credit Suisse, an estimated $27.4M sold.

Based on aggregated 13F filings for Q4 2021.