ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
136 hedge funds and large institutions have $139M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2016 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 27 increasing their positions, 32 reducing their positions, and 36 closing their positions.
6.31% more ownership
Funds ownership: 0% → 6.31% (+6.3%)
4% less call options, than puts
Call options by funds: $266M | Put options by funds: $276M
8% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 36
5% less funds holding
Funds holding: 143 → 136 (-7)
16% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 32
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
79% less capital inflows, than outflows
Capital inflows: $45.1M | Capital outflows: $218M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kemnay Advisory Services
New York
|
+$8.08M |
| 2 |
Morgan Stanley
New York
|
+$4.77M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.91M |
| 4 |
Goldman Sachs
New York
|
+$2.86M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nan Shan Life Insurance
Taipei City,
Taiwan
|
-$158M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$8.45M |
| 3 |
SG Americas Securities
New York
|
-$7.66M |
| 4 |
Arete Wealth Advisors
Chicago,
Illinois
|
-$5.7M |
| 5 |
Parallax Volatility Advisers
San Francisco,
California
|
-$5.55M |
TBT Hedge Fund Activity: Q4 2016 in Review
136 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2016, worth a combined $139M — down 51% from $285M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of TBT and 33 opened new positions — a net loss of 3 holders — while 32 trimmed existing stakes and 27 added.
The largest buyer was Kemnay Advisory Services, opening a new position worth an estimated $8.08M. The largest seller was Nan Shan Life Insurance, exiting entirely with an estimated $158M sold.
- 136 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2016, down from 143 in Q3 2016.
- Funds reported $139M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2016, down 51% quarter-over-quarter.
- 33 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2016 and 36 closed out, a net change of -3 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2016 was Kemnay Advisory Services, an estimated $8.08M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2016 was Nan Shan Life Insurance, an estimated $158M sold.
Based on aggregated 13F filings for Q4 2016.