ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
84 hedge funds and large institutions have $79.2M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 22 closing their positions.
66% more call options, than puts
Call options by funds: $133M | Put options by funds: $80.2M
4.43% less ownership
Funds ownership: 16.83% → 12.4% (-4.4%)
8% less funds holding
Funds holding: 91 → 84 (-7)
27% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 22
29% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 21
48% less capital invested
Capital invested by funds: $153M → $79.2M (-$73.3M)
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$7.79M |
| 2 |
RA
Raffles Associates
New York
|
+$4.74M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
+$2.92M |
| 4 |
SB
Suntrust Banks
Atlanta,
Georgia
|
+$2.75M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$32.5M |
| 2 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
-$22.6M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$10.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$6.25M |
| 5 |
Renaissance Technologies
New York
|
-$5.46M |
TBT Hedge Fund Activity: Q3 2019 in Review
84 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q3 2019, worth a combined $79.2M — down 48% from $153M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of TBT and 16 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 15 added.
The largest buyer was Jane Street, adding an estimated $7.79M. The largest seller was Bramshill Investments, exiting entirely with an estimated $32.5M sold.
- 84 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q3 2019, down from 91 in Q2 2019.
- Funds reported $79.2M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q3 2019, down 48% quarter-over-quarter.
- 16 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q3 2019 and 22 closed out, a net change of -6 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q3 2019 was Jane Street, an estimated $7.79M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q3 2019 was Bramshill Investments, an estimated $32.5M sold.
Based on aggregated 13F filings for Q3 2019.