ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
153 hedge funds and large institutions have $332M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2014 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 25 increasing their positions, 65 reducing their positions, and 41 closing their positions.
8% less funds holding
Funds holding: 167 → 153 (-14)
27% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 41
31% less call options, than puts
Call options by funds: $511M | Put options by funds: $745M
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
38% less capital inflows, than outflows
Capital inflows: $114M | Capital outflows: $186M
62% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 65
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nan Shan Life Insurance
Taipei City,
Taiwan
|
+$48.1M |
| 2 |
Jane Street
New York
|
+$20.4M |
| 3 |
Carlyle Group
Washington,
District of Columbia
|
+$4.63M |
| 4 |
KCM
Key Colony Management
Little Rock,
Arkansas
|
+$4.38M |
| 5 |
Trust Asset Management
Houston,
Texas
|
+$2.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$19.1M |
| 2 |
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$14.9M |
| 3 |
Bank of the West
Monterey Park,
California
|
-$13.8M |
| 4 |
Goldman Sachs
New York
|
-$13.6M |
| 5 |
LPL Financial
San Diego,
California
|
-$10.3M |
TBT Hedge Fund Activity: Q4 2014 in Review
153 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2014, worth a combined $332M — down 31% from $479M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of TBT and 30 opened new positions — a net loss of 11 holders — while 65 trimmed existing stakes and 25 added.
The largest buyer was Nan Shan Life Insurance, adding an estimated $48.1M. The largest seller was Susquehanna International Group, cutting an estimated $19.1M.
- 153 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2014, down from 167 in Q3 2014.
- Funds reported $332M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2014, down 31% quarter-over-quarter.
- 30 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2014 and 41 closed out, a net change of -11 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2014 was Nan Shan Life Insurance, an estimated $48.1M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2014 was Susquehanna International Group, an estimated $19.1M sold.
Based on aggregated 13F filings for Q4 2014.