ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
147 hedge funds and large institutions have $367M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2013 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 41 increasing their positions, 50 reducing their positions, and 29 closing their positions.
0% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 29
1% less funds holding
Funds holding: 148 → 147 (-1)
6.78% less ownership
Funds ownership: 16.17% → 9.39% (-6.8%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
18% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 50
28% less call options, than puts
Call options by funds: $740M | Put options by funds: $1.03B
42% less capital invested
Capital invested by funds: $638M → $367M (-$271M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$10.3M |
| 2 |
TAL
TIG Advisors LLC
New York
|
+$7.71M |
| 3 |
Millennium Management
New York
|
+$7.1M |
| 4 |
LPL Financial
San Diego,
California
|
+$6.07M |
| 5 |
Walleye Trading
New York
|
+$5.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$190M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$29.1M |
| 3 |
RIG
Roosevelt Investment Group
New York
|
-$28.5M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
-$26.1M |
| 5 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
-$9.39M |
TBT Hedge Fund Activity: Q3 2013 in Review
147 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q3 2013, worth a combined $367M — down 42% from $638M a quarter earlier.
Fund positioning in TBT was balanced in Q3 2013: 29 funds opened new positions, 29 closed out, 41 added to existing stakes and 50 trimmed.
The largest buyer was UBS, adding an estimated $10.3M. The largest seller was Susquehanna International Group, cutting an estimated $190M.
- 147 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q3 2013, down from 148 in Q2 2013.
- Funds reported $367M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q3 2013, down 42% quarter-over-quarter.
- 29 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q3 2013 and 29 closed out, a net change of 0 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q3 2013 was UBS, an estimated $10.3M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q3 2013 was Susquehanna International Group, an estimated $190M sold.
Based on aggregated 13F filings for Q3 2013.