ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
116 hedge funds and large institutions have $132M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2018 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 13 increasing their positions, 32 reducing their positions, and 22 closing their positions.
27% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 22
4% more funds holding
Funds holding: 112 → 116 (+4)
2.28% more ownership
Funds ownership: 8.63% → 10.91% (+2.3%)
4% more call options, than puts
Call options by funds: $163M | Put options by funds: $157M
11% less capital invested
Capital invested by funds: $148M → $132M (-$16.7M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
59% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$23.5M |
| 2 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$6.13M |
| 3 |
Renaissance Technologies
New York
|
+$5.99M |
| 4 |
CA
Cumberland Advisors
Sarasota,
Florida
|
+$4.84M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$22.2M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
-$15.6M |
| 3 |
KC
Kingfisher Capital
Charlotte,
North Carolina
|
-$3.28M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2.94M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$2.73M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$269K | -7,000 | Closed |
|
|
EDRH
127
Edmond de Rothschild Holding
Chambesy,
Switzerland
| – | -$239K | -6,223 | Closed |
|
|
AWA
128
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
| – | -$230K | -6,000 | Closed |
|
|
MCI
129
McDonald Capital Investors
Orinda,
California
| – | -$217K | -5,650 | Closed |
|
130
Creative Planning
Overland Park,
Kansas
| – | -$205K | -5,338 | Closed |
|
|
FIA
131
FNY Investment Advisers
New York
| – | -$134K | -3,500 | Closed |
|
|
SWP
132
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$76K | -1,975 | Closed |
|
|
AFIA
133
America First Investment Advisors
Omaha,
Nebraska
| – | -$31K | -804 | Closed |
|
|
S
134
SignatureFD
Atlanta,
Georgia
| – | -$19K | -500 | Closed |
|
|
GP
135
Girard Partners
King Of Prussia,
Pennsylvania
| – | -$9K | -250 | Closed |
|
|
CPIG
136
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$2K | -50 | Closed |
|
137
Fidelity Investments
Boston,
Massachusetts
| – | +$117 | +3 | New |
|
TBT Hedge Fund Activity: Q4 2018 in Review
116 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2018, worth a combined $132M — down 11% from $148M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new TBT positions and 22 closed out — a net gain of 6 holders — while 13 added to existing stakes and 32 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $23.5M. The largest seller was Citadel Advisors, cutting an estimated $22.2M.
- 116 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2018, up from 112 in Q3 2018.
- Funds reported $132M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2018, down 11% quarter-over-quarter.
- 28 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2018 and 22 closed out, a net change of +6 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2018 was Susquehanna International Group, an estimated $23.5M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2018 was Citadel Advisors, an estimated $22.2M sold.
Based on aggregated 13F filings for Q4 2018.