ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
133 hedge funds and large institutions have $208M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2016 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 18 increasing their positions, 41 reducing their positions, and 26 closing their positions.
0.69% more ownership
Funds ownership: 10.03% → 10.71% (+0.69%)
4% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 26
3% less funds holding
Funds holding: 137 → 133 (-4)
14% less call options, than puts
Call options by funds: $182M | Put options by funds: $212M
20% less capital invested
Capital invested by funds: $260M → $208M (-$52.2M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
56% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
+$61M |
| 2 |
SG Americas Securities
New York
|
+$11.5M |
| 3 |
CCM
Cobalt Capital Management
Short Hills,
New Jersey
|
+$4.18M |
| 4 |
HTI
Hikari Tsushin Inc
Tokyo,
Japan
|
+$4.09M |
| 5 |
Morgan Stanley
New York
|
+$2.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$16M |
| 2 |
IWC
Integrated Wealth Counsel
Carmel,
California
|
-$15.5M |
| 3 |
LPL Financial
San Diego,
California
|
-$13.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$8.42M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$7.41M |
TBT Hedge Fund Activity: Q1 2016 in Review
133 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2016, worth a combined $208M — down 20% from $260M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of TBT and 25 opened new positions — a net loss of 1 holder — while 41 trimmed existing stakes and 18 added.
The largest buyer was Nan Shan Life Insurance, adding an estimated $61M. The largest seller was Jane Street, exiting entirely with an estimated $16M sold.
- 133 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2016, down from 137 in Q4 2015.
- Funds reported $208M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2016, down 20% quarter-over-quarter.
- 25 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2016 and 26 closed out, a net change of -1 holder.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2016 was Nan Shan Life Insurance, an estimated $61M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2016 was Jane Street, an estimated $16M sold.
Based on aggregated 13F filings for Q1 2016.