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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

131 hedge funds and large institutions have $321M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2021 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 35 increasing their positions, 26 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 20

35% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 26

25% more call options, than puts

Call options by funds: $258M | Put options by funds: $206M

8% more funds holding

Funds holding: 121 → 131 (+10)

2.9% less ownership

Funds ownership: 23.16% → 20.25% (-2.9%)

7% less capital invested

Capital invested by funds: $346M → $321M (-$25.4M)

43% less funds holding in top 10

Funds holding in top 10: 7 → 4 (-3)

Holders
131
Holders Change
+10
Holders Change %
+8.26%
% of All Funds
2.29%
Holding in Top 10
4
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-42.86%
% of All Funds
0.07%
New
32
Increased
35
Reduced
26
Closed
20
Calls
$258M
Puts
$206M
Net Calls
+$51.5M
Net Calls Change
-$49.1M

Top Buyers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
+$18.1M
2
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$5.61M
3
William Blair & Company
William Blair & Company
Illinois
+$4.45M
4
PP
Peconic Partners
New York
+$4.38M
5
PGCM
Prescott Group Capital Management
Oklahoma
+$4.28M

Top Sellers

Rank Fund Capital Flow
1
PCP
Proficio Capital Partners
Massachusetts
-$23.2M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$12M
3
KC
Kingfisher Capital
North Carolina
-$7.49M
4
Jane Street
Jane Street
New York
-$4.97M
5
KIA
KCM Investment Advisors
California
-$4.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
NFSG
126
Newbridge Financial Services Group
Florida
$1K – – –
PFGIA
127
Patriot Financial Group Insurance Agency
Massachusetts
$1K – – –
TIM
128
Tortoise Investment Management
New York
$1K – – –
AWM
129
Activest Wealth Management
Florida
$1K +$877 +50 New
AA
130
Ancora Advisors
Ohio
$1K +$877 +50 New
KC
131
Kingfisher Capital
North Carolina
– -$7.49M -397,850 Closed
FTUS
132
Flow Traders U.S.
New York
– -$4.27M -226,685 Closed
Royal Bank of Canada
133
Royal Bank of Canada
Ontario, Canada
– -$3.28M -174,124 Closed
GCC
134
Game Creek Capital
Massachusetts
– -$942K -50,000 Closed
CF
135
Clarity Financial
Texas
– -$588K -31,216 Closed
MDSL
136
M.D. Sass LLC
New York
– -$494K -26,210 Closed
AIP
137
Ahrens Investment Partners
Louisiana
– -$484K -25,700 Closed
KPW
138
Kore Private Wealth
New York
– -$461K -24,500 Closed
CPIG
139
Chicago Partners Investment Group
Illinois
– -$388K -21,885 Closed
LNWWM
140
Laird Norton Wetherby Wealth Management
California
– -$320K -17,033 Closed
FFA
141
First Foundation Advisors
California
– -$244K -12,945 Closed
AF
142
Advisornet Financial
Minnesota
– -$242K -12,867 Closed
NWA
143
Navis Wealth Advisors
New York
– -$235K -12,500 Closed
SAS
144
Stelac Advisory Services
New York
– -$122K -6,500 Closed
TI
145
tru Independence
Oregon
– -$51K -2,700 Closed
FHA
146
First Horizon Advisors
Tennessee
– -$35K -1,861 Closed
ASN
147
Advisory Services Network
Georgia
– -$13K -675 Closed
Fifth Third Bancorp
148
Fifth Third Bancorp
Ohio
– -$2K -132 Closed
OC
149
Oakworth Capital
Alabama
– -$1K -75 Closed
Northwestern Mutual Wealth Management
150
Northwestern Mutual Wealth Management
Wisconsin
– +$894 +51 New
2 3 4 5
6

TBT Hedge Fund Activity: Q3 2021 in Review

131 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q3 2021, worth a combined $321M — down 7.3% from $346M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new TBT positions and 20 closed out — a net gain of 12 holders — while 35 added to existing stakes and 26 trimmed.

The largest buyer was Credit Suisse, adding an estimated $18.1M. The largest seller was Proficio Capital Partners, cutting an estimated $23.2M.

  • 131 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q3 2021, up from 121 in Q2 2021.
  • Funds reported $321M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q3 2021, down 7.3% quarter-over-quarter.
  • 32 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q3 2021 and 20 closed out, a net change of +12 holders.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q3 2021 was Credit Suisse, an estimated $18.1M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q3 2021 was Proficio Capital Partners, an estimated $23.2M sold.

Based on aggregated 13F filings for Q3 2021.