ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
137 hedge funds and large institutions have $260M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2015 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 27 increasing their positions, 38 reducing their positions, and 29 closing their positions.
0.69% less ownership
Funds ownership: 10.71% → 10.03% (-0.69%)
3% less call options, than puts
Call options by funds: $302M | Put options by funds: $311M
9% less funds holding
Funds holding: 151 → 137 (-14)
15% less capital invested
Capital invested by funds: $306M → $260M (-$45.8M)
28% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 29
29% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 38
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| 1 |
Jane Street
New York
|
+$17.6M |
| 2 |
LPL Financial
San Diego,
California
|
+$12.4M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$8.83M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$8.2M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.91M |
Top Sellers
| 1 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
-$80.1M |
| 2 |
Morgan Stanley
New York
|
-$6.34M |
| 3 |
SG Americas Securities
New York
|
-$4.6M |
| 4 |
KCM
Key Colony Management
Little Rock,
Arkansas
|
-$3.73M |
| 5 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
-$3.27M |
TBT Hedge Fund Activity: Q4 2015 in Review
137 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2015, worth a combined $260M — down 15% from $306M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of TBT and 21 opened new positions — a net loss of 8 holders — while 38 trimmed existing stakes and 27 added.
The largest buyer was Jane Street, adding an estimated $17.6M. The largest seller was Nan Shan Life Insurance, cutting an estimated $80.1M.
- 137 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2015, down from 151 in Q3 2015.
- Funds reported $260M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2015, down 15% quarter-over-quarter.
- 21 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2015 and 29 closed out, a net change of -8 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2015 was Jane Street, an estimated $17.6M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2015 was Nan Shan Life Insurance, an estimated $80.1M sold.
Based on aggregated 13F filings for Q4 2015.