ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
123 hedge funds and large institutions have $222M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2021 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 31 increasing their positions, 35 reducing their positions, and 37 closing their positions.
66% more call options, than puts
Call options by funds: $259M | Put options by funds: $156M
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
4.46% less ownership
Funds ownership: 20.25% → 15.79% (-4.5%)
6% less funds holding
Funds holding: 131 → 123 (-8)
11% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 35
22% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 37
31% less capital invested
Capital invested by funds: $321M → $222M (-$98.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$9.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$5.2M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.52M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
+$3.46M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$27.4M |
| 2 |
Parallax Volatility Advisers
San Francisco,
California
|
-$20.2M |
| 3 |
EW
Evoke Wealth
Los Angeles,
California
|
-$18.4M |
| 4 |
KIA
KCM Investment Advisors
Greenbrae,
California
|
-$15M |
| 5 |
BAM
Brave Asset Management
Summit,
New Jersey
|
-$8.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
151
Allworth Financial
Folsom,
California
| – | -$6K | -325 | Closed |
|
|
BW
152
Bison Wealth
Atlanta,
Georgia
| – | -$5K | -281 | Closed |
|
|
JCM
153
Jacobi Capital Management
Pittston,
Pennsylvania
| – | -$5K | -250 | Closed |
|
|
HI
154
Harbour Investments
Madison,
Wisconsin
| – | -$3K | -141 | Closed |
|
|
AWM
155
Activest Wealth Management
Aventure,
Florida
| – | -$1K | -50 | Closed |
|
156
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$451 | -26 | -51% |
|
|
NFSG
157
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$347 | -20 | -45% |
|
|
RFA
158
Reilly Financial Advisors
La Mesa,
California
| – | +$104 | +6 | New |
|
TBT Hedge Fund Activity: Q4 2021 in Review
123 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2021, worth a combined $222M — down 31% from $321M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of TBT and 29 opened new positions — a net loss of 8 holders — while 35 trimmed existing stakes and 31 added.
The largest buyer was Jane Street, adding an estimated $9.5M. The largest seller was Credit Suisse, cutting an estimated $27.4M.
- 123 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2021, down from 131 in Q3 2021.
- Funds reported $222M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2021, down 31% quarter-over-quarter.
- 29 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2021 and 37 closed out, a net change of -8 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2021 was Jane Street, an estimated $9.5M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2021 was Credit Suisse, an estimated $27.4M sold.
Based on aggregated 13F filings for Q4 2021.