ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
112 hedge funds and large institutions have $148M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2018 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 35 reducing their positions, and 31 closing their positions.
25% more capital invested
Capital invested by funds: $118M → $148M (+$30.1M)
18% more call options, than puts
Call options by funds: $267M | Put options by funds: $226M
1.91% more ownership
Funds ownership: 6.72% → 8.63% (+1.9%)
14% less funds holding
Funds holding: 130 → 112 (-18)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
57% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 35
58% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$48.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$24.5M |
| 3 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$5.06M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.81M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TB
Terril Brothers
St. Louis,
Missouri
|
-$14.7M |
| 2 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$8.99M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.62M |
| 4 |
RA
Raffles Associates
New York
|
-$6.29M |
| 5 |
Morgan Stanley
New York
|
-$4.29M |
TBT Hedge Fund Activity: Q3 2018 in Review
112 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q3 2018, worth a combined $148M — up 25% from $118M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of TBT and 13 opened new positions — a net loss of 18 holders — while 35 trimmed existing stakes and 15 added.
The largest buyer was Bramshill Investments, opening a new position worth an estimated $48.6M. The largest seller was Terril Brothers, exiting entirely with an estimated $14.7M sold.
- 112 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q3 2018, down from 130 in Q2 2018.
- Funds reported $148M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q3 2018, up 25% quarter-over-quarter.
- 13 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q3 2018 and 31 closed out, a net change of -18 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q3 2018 was Bramshill Investments, an estimated $48.6M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q3 2018 was Terril Brothers, an estimated $14.7M sold.
Based on aggregated 13F filings for Q3 2018.