ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
150 hedge funds and large institutions have $287M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2015 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 38 increasing their positions, 43 reducing their positions, and 30 closing their positions.
21% more call options, than puts
Call options by funds: $430M | Put options by funds: $356M
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
0.19% less ownership
Funds ownership: 10.84% → 10.66% (-0.19%)
3% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 30
2% less funds holding
Funds holding: 153 → 150 (-3)
12% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 43
14% less capital invested
Capital invested by funds: $331M → $287M (-$44.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$14.9M |
| 2 |
Goldman Sachs
New York
|
+$8.82M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$7.84M |
| 4 |
Millennium Management
New York
|
+$2.86M |
| 5 |
Morgan Stanley
New York
|
+$2.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$13.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$10.5M |
| 3 |
PAM
PVG Asset Management
Golden,
Colorado
|
-$5.98M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$4.96M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$4.03M |
TBT Hedge Fund Activity: Q1 2015 in Review
150 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2015, worth a combined $287M — down 14% from $331M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of TBT and 29 opened new positions — a net loss of 1 holder — while 43 trimmed existing stakes and 38 added.
The largest buyer was JP Morgan Chase, adding an estimated $14.9M. The largest seller was Jane Street, cutting an estimated $13.9M.
- 150 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2015, down from 153 in Q4 2014.
- Funds reported $287M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2015, down 14% quarter-over-quarter.
- 29 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2015 and 30 closed out, a net change of -1 holder.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2015 was JP Morgan Chase, an estimated $14.9M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2015 was Jane Street, an estimated $13.9M sold.
Based on aggregated 13F filings for Q1 2015.