ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
153 hedge funds and large institutions have $331M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2014 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 25 increasing their positions, 65 reducing their positions, and 41 closing their positions.
0.46% less ownership
Funds ownership: 11.3% → 10.84% (-0.46%)
8% less funds holding
Funds holding: 167 → 153 (-14)
27% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 41
31% less capital invested
Capital invested by funds: $478M → $331M (-$147M)
31% less call options, than puts
Call options by funds: $511M | Put options by funds: $745M
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
62% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 65
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
+$48.1M |
| 2 |
Jane Street
New York
|
+$20.4M |
| 3 |
CG
Carlyle Group
Washington,
District of Columbia
|
+$4.63M |
| 4 |
KCM
Key Colony Management
Little Rock,
Arkansas
|
+$4.38M |
| 5 |
TAM
Trust Asset Management
Houston,
Texas
|
+$2.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$19.1M |
| 2 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$14.9M |
| 3 |
BOTW
Bank of the West
Monterey Park,
California
|
-$13.8M |
| 4 |
Goldman Sachs
New York
|
-$13.6M |
| 5 |
LPL Financial
San Diego,
California
|
-$10.3M |
TBT Hedge Fund Activity: Q4 2014 in Review
153 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2014, worth a combined $331M — down 31% from $478M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of TBT and 30 opened new positions — a net loss of 11 holders — while 65 trimmed existing stakes and 25 added.
The largest buyer was Nan Shan Life Insurance, adding an estimated $48.1M. The largest seller was Susquehanna International Group, cutting an estimated $19.1M.
- 153 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2014, down from 167 in Q3 2014.
- Funds reported $331M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2014, down 31% quarter-over-quarter.
- 30 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2014 and 41 closed out, a net change of -11 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2014 was Nan Shan Life Insurance, an estimated $48.1M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2014 was Susquehanna International Group, an estimated $19.1M sold.
Based on aggregated 13F filings for Q4 2014.