ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
73 hedge funds and large institutions have $38.3M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2020 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 17 closing their positions.
28% more call options, than puts
Call options by funds: $64.4M | Put options by funds: $50.1M
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
1.91% less ownership
Funds ownership: 10.53% → 8.62% (-1.9%)
5% less funds holding
Funds holding: 77 → 73 (-4)
10% less capital invested
Capital invested by funds: $42.6M → $38.3M (-$4.31M)
18% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$8.88M |
| 2 |
Wolverine Trading
Chicago,
Illinois
|
+$748K |
| 3 |
Jane Street
New York
|
+$681K |
| 4 |
Goldman Sachs
New York
|
+$550K |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$530K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$4.08M |
| 2 |
Parallax Volatility Advisers
San Francisco,
California
|
-$3M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.43M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.81M |
| 5 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
-$1.51M |
TBT Hedge Fund Activity: Q3 2020 in Review
73 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q3 2020, worth a combined $38.3M — down 10% from $42.6M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of TBT and 14 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 15 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $8.88M. The largest seller was Clark Capital Management Group, exiting entirely with an estimated $4.08M sold.
- 73 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q3 2020, down from 77 in Q2 2020.
- Funds reported $38.3M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q3 2020, down 10% quarter-over-quarter.
- 14 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q3 2020 and 17 closed out, a net change of -3 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q3 2020 was Citadel Advisors, an estimated $8.88M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q3 2020 was Clark Capital Management Group, an estimated $4.08M sold.
Based on aggregated 13F filings for Q3 2020.