ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
143 hedge funds and large institutions have $286M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2016 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 24 increasing their positions, 38 reducing their positions, and 13 closing their positions.
115% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 13
11% more funds holding
Funds holding: 129 → 143 (+14)
2% more call options, than puts
Call options by funds: $229M | Put options by funds: $225M
2.42% less ownership
Funds ownership: 17.3% → 14.89% (-2.4%)
11% less capital invested
Capital invested by funds: $320M → $286M (-$34.6M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
37% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cobalt Capital Management
Short Hills,
New Jersey
|
+$11.3M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$7.08M |
| 3 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$5.65M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$2.94M |
| 5 |
GP
GLG Partners
London,
United Kingdom
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMA
FNY Managed Accounts
New York
|
-$18.8M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
-$10.4M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
-$7.83M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$4M |
| 5 |
CPA
Columbia Pacific Advisors
Seattle,
Washington
|
-$3.91M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Fidelity Investments
Boston,
Massachusetts
| – | -$239K | -7,500 | Closed |
|
|
TMC
152
Trellus Management Company
Delray Beach,
Florida
| – | -$222K | -7,000 | Closed |
|
|
SIM
153
Sonora Investment Management
Tucson,
Arizona
| – | -$168K | -5,300 | Closed |
|
|
SCM
154
Southport Capital Management
Chattanooga,
Tennessee
| – | -$17K | -550 | Closed |
|
|
FIB
155
First Interstate Bank
Billings,
Montana
| – | -$3K | -87 | Closed |
|
156
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$1K | -30 | Closed |
|
TBT Hedge Fund Activity: Q3 2016 in Review
143 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q3 2016, worth a combined $286M — down 11% from $320M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new TBT positions and 13 closed out — a net gain of 15 holders — while 24 added to existing stakes and 38 trimmed.
The largest buyer was Cobalt Capital Management, opening a new position worth an estimated $11.3M. The largest seller was FNY Managed Accounts, cutting an estimated $18.8M.
- 143 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q3 2016, up from 129 in Q2 2016.
- Funds reported $286M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q3 2016, down 11% quarter-over-quarter.
- 28 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q3 2016 and 13 closed out, a net change of +15 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q3 2016 was Cobalt Capital Management, an estimated $11.3M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q3 2016 was FNY Managed Accounts, an estimated $18.8M sold.
Based on aggregated 13F filings for Q3 2016.