ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
101 hedge funds and large institutions have $77.4M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 32 reducing their positions, and 26 closing their positions.
4% less call options, than puts
Call options by funds: $108M | Put options by funds: $113M
2.68% less ownership
Funds ownership: 10.91% → 8.23% (-2.7%)
13% less funds holding
Funds holding: 116 → 101 (-15)
41% less capital invested
Capital invested by funds: $132M → $77.4M (-$54.1M)
50% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 26
59% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 32
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.92M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$2.28M |
| 3 |
PCM
Prelude Capital Management
New York
|
+$700K |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$538K |
| 5 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$322K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$19.6M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
-$13.9M |
| 3 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
-$5.51M |
| 4 |
Renaissance Technologies
New York
|
-$4.32M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | +$1.05K | +30 | New |
|
TBT Hedge Fund Activity: Q1 2019 in Review
101 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2019, worth a combined $77.4M — down 41% from $132M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of TBT and 13 opened new positions — a net loss of 13 holders — while 32 trimmed existing stakes and 13 added.
The largest buyer was Morgan Stanley, adding an estimated $2.92M. The largest seller was Susquehanna International Group, cutting an estimated $19.6M.
- 101 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2019, down from 116 in Q4 2018.
- Funds reported $77.4M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2019, down 41% quarter-over-quarter.
- 13 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2019 and 26 closed out, a net change of -13 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2019 was Morgan Stanley, an estimated $2.92M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2019 was Susquehanna International Group, an estimated $19.6M sold.
Based on aggregated 13F filings for Q1 2019.