ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
137 hedge funds and large institutions have $258M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2015 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 27 increasing their positions, 38 reducing their positions, and 29 closing their positions.
3% less call options, than puts
Call options by funds: $302M | Put options by funds: $311M
9% less funds holding
Funds holding: 151 → 137 (-14)
28% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 29
29% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 38
37% less capital inflows, than outflows
Capital inflows: $77.1M | Capital outflows: $122M
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$17.6M |
| 2 |
LPL Financial
San Diego,
California
|
+$12.4M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$8.83M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$8.2M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nan Shan Life Insurance
Taipei City,
Taiwan
|
-$80.1M |
| 2 |
Morgan Stanley
New York
|
-$6.34M |
| 3 |
SG Americas Securities
New York
|
-$4.6M |
| 4 |
KCM
Key Colony Management
Little Rock,
Arkansas
|
-$3.73M |
| 5 |
Freedom Investment Management
Hartford,
Connecticut
|
-$3.27M |
TBT Hedge Fund Activity: Q4 2015 in Review
137 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2015, worth a combined $258M — down 15% from $306M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of TBT and 21 opened new positions — a net loss of 8 holders — while 38 trimmed existing stakes and 27 added.
The largest buyer was Jane Street, adding an estimated $17.6M. The largest seller was Nan Shan Life Insurance, cutting an estimated $80.1M.
- 137 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2015, down from 151 in Q3 2015.
- Funds reported $258M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2015, down 15% quarter-over-quarter.
- 21 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2015 and 29 closed out, a net change of -8 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2015 was Jane Street, an estimated $17.6M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2015 was Nan Shan Life Insurance, an estimated $80.1M sold.
Based on aggregated 13F filings for Q4 2015.