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.
4% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 26
9% less capital inflows, than outflows
Capital inflows: $91.6M | Capital outflows: $101M
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
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 |
Nan Shan Life Insurance
Taipei City,
Taiwan
|
+$61M |
| 2 |
SG Americas Securities
New York
|
+$11.5M |
| 3 |
Cobalt Capital Management
Short Hills,
New Jersey
|
+$4.18M |
| 4 |
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 3,767 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 19% from $258M 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 19% 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.