ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
108 hedge funds and large institutions have $224M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2022 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 20 increasing their positions, 31 reducing their positions, and 35 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
35% more call options, than puts
Call options by funds: $272M | Put options by funds: $201M
1.33% more ownership
Funds ownership: 15.79% → 17.12% (+1.3%)
1% more capital invested
Capital invested by funds: $222M → $224M (+$1.94M)
12% less funds holding
Funds holding: 123 → 108 (-15)
35% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 31
37% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
+$18.7M |
| 2 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$13.9M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$11.5M |
| 4 |
SIM
Seaview Investment Managers
Miami,
Florida
|
+$9.22M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$19.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$13.2M |
| 3 |
Jane Street
New York
|
-$10.4M |
| 4 |
FFG
Frisch Financial Group
Melville,
New York
|
-$7.9M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.68M |
TBT Hedge Fund Activity: Q1 2022 in Review
108 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2022, worth a combined $224M — up 0.87% from $222M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of TBT and 22 opened new positions — a net loss of 13 holders — while 31 trimmed existing stakes and 20 added.
The largest buyer was Parallax Volatility Advisers, adding an estimated $18.7M. The largest seller was Kornitzer Capital Management, cutting an estimated $19.4M.
- 108 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2022, down from 123 in Q4 2021.
- Funds reported $224M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2022, up 0.87% quarter-over-quarter.
- 22 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2022 and 35 closed out, a net change of -13 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2022 was Parallax Volatility Advisers, an estimated $18.7M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2022 was Kornitzer Capital Management, an estimated $19.4M sold.
Based on aggregated 13F filings for Q1 2022.