ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
85 hedge funds and large institutions have $123M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 28 reducing their positions, and 25 closing their positions.
3.51% more ownership
Funds ownership: 19.43% → 22.94% (+3.5%)
1% less call options, than puts
Call options by funds: $206M | Put options by funds: $208M
14% less funds holding
Funds holding: 99 → 85 (-14)
22% less capital invested
Capital invested by funds: $158M → $123M (-$34.6M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
32% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 28
44% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$17.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$13.1M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$6.44M |
| 4 |
HT
HAP Trading
New York
|
+$6.23M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$20.3M |
| 2 |
Parallax Volatility Advisers
San Francisco,
California
|
-$9.27M |
| 3 |
BIM
Bullseye Investment Management
Cincinnati,
Ohio
|
-$6.77M |
| 4 |
ATPW
Ashton Thomas Private Wealth
Scottsdale,
Arizona
|
-$6.16M |
| 5 |
KIA
KCM Investment Advisors
Greenbrae,
California
|
-$3.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IP
101
Intellectus Partners
San Francisco,
California
| – | -$219K | -6,750 | Closed |
|
|
EWA
102
EP Wealth Advisors
Torrance,
California
| – | -$218K | -6,700 | Closed |
|
103
First Manhattan
New York
| – | -$73.2K | -2,252 | Closed |
|
|
TJHA
104
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$66.6K | -2,049 | Closed |
|
|
KC
105
Knuff & Co
Foster City,
California
| – | -$65K | -2,000 | Closed |
|
|
AWM
106
Activest Wealth Management
Aventure,
Florida
| – | -$39.4K | -1,325 | Closed |
|
|
AWM
107
Accurate Wealth Management
Wesley Chapel,
Florida
| – | -$29.8K | -1,000 | Closed |
|
|
JEST
108
JTC Employer Solutions Trustee
St Helier,
Jersey
| – | -$24K | -750 | Closed |
|
109
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$20.5K | -630 | Closed |
|
|
HT
110
Headlands Technologies
Chicago,
Illinois
| – | -$16K | -480 | Closed |
|
|
MCC
111
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$520 | -16 | Closed |
|
TBT Hedge Fund Activity: Q1 2023 in Review
85 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2023, worth a combined $123M — down 22% from $158M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of TBT and 14 opened new positions — a net loss of 11 holders — while 28 trimmed existing stakes and 19 added.
The largest buyer was Ardsley Advisory Partners, opening a new position worth an estimated $17.6M. The largest seller was Jane Street, cutting an estimated $20.3M.
- 85 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2023, down from 99 in Q4 2022.
- Funds reported $123M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2023, down 22% quarter-over-quarter.
- 14 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2023 and 25 closed out, a net change of -11 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2023 was Ardsley Advisory Partners, an estimated $17.6M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2023 was Jane Street, an estimated $20.3M sold.
Based on aggregated 13F filings for Q1 2023.