ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
168 hedge funds and large institutions have $582M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2013 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 47 increasing their positions, 41 reducing their positions, and 25 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 6 → 15 (+9)
96% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 25
59% more capital invested
Capital invested by funds: $367M → $582M (+$215M)
15% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 41
14% more funds holding
Funds holding: 147 → 168 (+21)
3.41% more ownership
Funds ownership: 9.39% → 12.8% (+3.4%)
21% less call options, than puts
Call options by funds: $972M | Put options by funds: $1.24B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$62.1M |
| 2 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$19.1M |
| 3 |
VF
Virtu Financial
New York
|
+$15.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$11M |
| 5 |
SM
Seminole Management
New York
|
+$9.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$10.2M |
| 2 |
TAL
TIG Advisors LLC
New York
|
-$7.53M |
| 3 |
BCM
BBT Capital Management
Fort Worth,
Texas
|
-$5.95M |
| 4 |
Millennium Management
New York
|
-$5.88M |
| 5 |
Goldman Sachs
New York
|
-$4.85M |
TBT Hedge Fund Activity: Q4 2013 in Review
168 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2013, worth a combined $582M — up 59% from $367M a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new TBT positions and 25 closed out — a net gain of 24 holders — while 47 added to existing stakes and 41 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $62.1M. The largest seller was UBS, cutting an estimated $10.2M.
- 168 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2013, up from 147 in Q3 2013.
- Funds reported $582M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2013, up 59% quarter-over-quarter.
- 49 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2013 and 25 closed out, a net change of +24 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2013 was Susquehanna International Group, an estimated $62.1M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2013 was UBS, an estimated $10.2M sold.
Based on aggregated 13F filings for Q4 2013.