ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
151 hedge funds and large institutions have $350M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2015 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 25 increasing their positions, 50 reducing their positions, and 24 closing their positions.
61% more call options, than puts
Call options by funds: $756M | Put options by funds: $468M
22% more capital invested
Capital invested by funds: $287M → $350M (+$63.6M)
8% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 24
1% more funds holding
Funds holding: 150 → 151 (+1)
0.21% less ownership
Funds ownership: 10.66% → 10.45% (-0.21%)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
50% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
+$81.5M |
| 2 |
Barclays
London,
United Kingdom
|
+$8.64M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
+$6.35M |
| 4 |
SG Americas Securities
New York
|
+$3.87M |
| 5 |
MFS
Monetta Financial Services
Wheaton,
Illinois
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$32.8M |
| 2 |
JP Morgan Chase
New York
|
-$17.8M |
| 3 |
Goldman Sachs
New York
|
-$11.9M |
| 4 |
PAM
PVG Asset Management
Golden,
Colorado
|
-$9.32M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$8.22M |
TBT Hedge Fund Activity: Q2 2015 in Review
151 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q2 2015, worth a combined $350M — up 22% from $287M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new TBT positions and 24 closed out — a net gain of 2 holders — while 25 added to existing stakes and 50 trimmed.
The largest buyer was Nan Shan Life Insurance, adding an estimated $81.5M. The largest seller was Credit Suisse, cutting an estimated $32.8M.
- 151 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q2 2015, up from 150 in Q1 2015.
- Funds reported $350M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q2 2015, up 22% quarter-over-quarter.
- 26 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q2 2015 and 24 closed out, a net change of +2 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q2 2015 was Nan Shan Life Insurance, an estimated $81.5M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q2 2015 was Credit Suisse, an estimated $32.8M sold.
Based on aggregated 13F filings for Q2 2015.