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ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT

150 hedge funds and large institutions have $287M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2015 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 38 increasing their positions, 43 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more call options, than puts

Call options by funds: $430M | Put options by funds: $356M

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

0.19% less ownership

Funds ownership: 10.84% → 10.66% (-0.19%)

3% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 30

2% less funds holding

Funds holding: 153 → 150 (-3)

12% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 43

14% less capital invested

Capital invested by funds: $331M → $287M (-$44.8M)

Holders
150
Holders Change
-3
Holders Change %
-1.96%
% of All Funds
4%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
29
Increased
38
Reduced
43
Closed
30
Calls
$430M
Puts
$356M
Net Calls
+$74.2M
Net Calls Change
+$309M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$14.9M
2
Goldman Sachs
Goldman Sachs
New York
+$8.82M
3
UBS Group
UBS Group
Switzerland
+$7.84M
4
Millennium Management
Millennium Management
New York
+$2.86M
5
Morgan Stanley
Morgan Stanley
New York
+$2.24M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$13.9M
2
Bank of America
Bank of America
North Carolina
-$10.5M
3
PAM
PVG Asset Management
Colorado
-$5.98M
4
Allianz Asset Management
Allianz Asset Management
Germany
-$4.96M
5
Citadel Advisors
Citadel Advisors
Florida
-$4.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
151
Deutsche Bank
Germany
– -$3.46M -74,547 Closed
BCM
152
Buckhead Capital Management
Georgia
– -$2.78M -60,000 Closed
VKH
153
Virtu KCG Holdings
New York
– -$1.63M -35,147 Closed
VF
154
Virtu Financial
New York
– -$1.5M -32,362 Closed
WAM
155
Wolverine Asset Management
Illinois
– -$1.18M -27,635 Closed
CT
156
CMT Trading
Illinois
– -$1.16M -25,036 Closed
HCM
157
Howland Capital Management
Massachusetts
– -$1M -21,670 Closed
UR
158
USCA RIA
Texas
– -$513K -11,056 Closed
ACP
159
Aviance Capital Partners
Florida
– -$489K -10,540 Closed
FPCP
160
Fort Point Capital Partners
California
– -$464K -10,000 Closed
IAA
161
Ironsides Asset Advisors
North Carolina
– -$457K -9,850 Closed
MTIM
162
Marathon Trading Investment Management
Pennsylvania
– -$379K -8,175 Closed
FNBOMD
163
First National Bank of Mount Dora
Florida
– -$256K -5,517 Closed
BRWA
164
B. Riley Wealth Advisors
Florida
– -$240 -5,164 Closed
AWA
165
AmeriServ Wealth Advisors
Pennsylvania
– -$232K -5,000 Closed
Stifel Financial
166
Stifel Financial
Missouri
– -$205K -4,424 Closed
WCM
167
Windsor Capital Management
Arizona
– -$203K -4,384 Closed
SLA
168
Silver Lake Advisory
Utah
– -$201K -4,327 Closed
UMA
169
USA Mutuals Advisors
Texas
– -$139K -3,000 Closed
IC
170
Intersect Capital
California
– -$93K -2,000 Closed
MFS
171
MSI Financial Services
Massachusetts
– -$63K -1,359 Closed
MWP
172
MYCIO Wealth Partners
Pennsylvania
– -$32K -700 Closed
TIM
173
Tortoise Investment Management
New York
– -$9K -200 Closed
SIA
174
Stancorp Investment Advisers
Oregon
– -$7K -159 Closed
JAM
175
Jolley Asset Management
North Carolina
– -$2K -50 Closed
4 5 6
7
8

TBT Hedge Fund Activity: Q1 2015 in Review

150 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2015, worth a combined $287M — down 14% from $331M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of TBT and 29 opened new positions — a net loss of 1 holder — while 43 trimmed existing stakes and 38 added.

The largest buyer was JP Morgan Chase, adding an estimated $14.9M. The largest seller was Jane Street, cutting an estimated $13.9M.

  • 150 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2015, down from 153 in Q4 2014.
  • Funds reported $287M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2015, down 14% quarter-over-quarter.
  • 29 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2015 and 30 closed out, a net change of -1 holder.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2015 was JP Morgan Chase, an estimated $14.9M added.
  • The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2015 was Jane Street, an estimated $13.9M sold.

Based on aggregated 13F filings for Q1 2015.