ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
82 hedge funds and large institutions have $99.2M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2023 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 21 closing their positions.
19% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 21
4% more funds holding
Funds holding: 79 → 82 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
30% less call options, than puts
Call options by funds: $75.2M | Put options by funds: $108M
32.89% less ownership
Funds ownership: 60.35% → 27.46% (-33%)
69% less capital invested
Capital invested by funds: $315M → $99.2M (-$216M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
CastleKnight Management
New York
|
+$4.68M |
| 2 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$4.17M |
| 3 |
PEA
Park Edge Advisors
Cleveland,
Ohio
|
+$3.53M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$3.2M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$2.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$174M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$8.2M |
| 3 |
JFG
Jefferies Financial Group
New York
|
-$3.81M |
| 4 |
GS
GTS Securities
New York
|
-$3.68M |
| 5 |
CFA
Camarda Financial Advisors
Fleming Island,
Florida
|
-$3.59M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$98K | -2,500 | Closed |
|
|
IA
102
IFP Advisors
Tampa,
Florida
| – | -$71.1K | -1,812 | Closed |
|
|
HT
103
Headlands Technologies
Chicago,
Illinois
| – | -$65.6K | -1,672 | Closed |
|
TBT Hedge Fund Activity: Q4 2023 in Review
82 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2023, worth a combined $99.2M — down 69% from $315M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new TBT positions and 21 closed out — a net gain of 4 holders — while 16 added to existing stakes and 19 trimmed.
The largest buyer was CastleKnight Management, adding an estimated $4.68M. The largest seller was Jane Street, cutting an estimated $174M.
- 82 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2023, up from 79 in Q3 2023.
- Funds reported $99.2M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2023, down 69% quarter-over-quarter.
- 25 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2023 and 21 closed out, a net change of +4 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2023 was CastleKnight Management, an estimated $4.68M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2023 was Jane Street, an estimated $174M sold.
Based on aggregated 13F filings for Q4 2023.