ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
173 hedge funds and large institutions have $518M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2014 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 57 increasing their positions, 40 reducing their positions, and 26 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 40
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
31% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 26
5% more funds holding
Funds holding: 165 → 173 (+8)
1% more capital invested
Capital invested by funds: $512M → $518M (+$6.74M)
0.45% more ownership
Funds ownership: 12.03% → 12.48% (+0.45%)
50% less call options, than puts
Call options by funds: $462M | Put options by funds: $917M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$36.6M |
| 2 |
IWC
Integrated Wealth Counsel
Carmel,
California
|
+$30.6M |
| 3 |
Morgan Stanley
New York
|
+$21.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$20.7M |
| 5 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$38.4M |
| 2 |
Jane Street
New York
|
-$18M |
| 3 |
CCM
Cobalt Capital Management
Short Hills,
New Jersey
|
-$12.1M |
| 4 |
BF
BOK Financial
Tulsa,
Oklahoma
|
-$10.6M |
| 5 |
Neuberger Berman Group
New York
|
-$9.15M |
TBT Hedge Fund Activity: Q2 2014 in Review
173 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q2 2014, worth a combined $518M — up 1.3% from $512M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new TBT positions and 26 closed out — a net gain of 8 holders — while 57 added to existing stakes and 40 trimmed.
The largest buyer was Credit Suisse, adding an estimated $36.6M. The largest seller was Aviance Capital Management, exiting entirely with an estimated $38.4M sold.
- 173 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q2 2014, up from 165 in Q1 2014.
- Funds reported $518M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q2 2014, up 1.3% quarter-over-quarter.
- 34 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q2 2014 and 26 closed out, a net change of +8 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q2 2014 was Credit Suisse, an estimated $36.6M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q2 2014 was Aviance Capital Management, an estimated $38.4M sold.
Based on aggregated 13F filings for Q2 2014.