ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
114 hedge funds and large institutions have $309M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2021 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 17 closing their positions.
600% more funds holding in top 10
Funds holding in top 10: 1 → 7 (+6)
387% more capital invested
Capital invested by funds: $63.5M → $309M (+$246M)
176% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 17
91% more call options, than puts
Call options by funds: $355M | Put options by funds: $186M
33% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 18
33% more funds holding
Funds holding: 86 → 114 (+28)
12.04% more ownership
Funds ownership: 12.53% → 24.58% (+12%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
+$27.5M |
| 2 |
KIA
KCM Investment Advisors
Greenbrae,
California
|
+$27.4M |
| 3 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$26.7M |
| 4 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
+$24.7M |
| 5 |
EW
Evoke Wealth
Los Angeles,
California
|
+$19.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSCM
Marlin Sams Capital Management
New York
|
-$2.9M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
-$2.73M |
| 3 |
BAM
Brave Asset Management
Summit,
New Jersey
|
-$1.9M |
| 4 |
CI
Centerstone Investors
New York
|
-$985K |
| 5 |
JP Morgan Chase
New York
|
-$408K |
TBT Hedge Fund Activity: Q1 2021 in Review
114 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q1 2021, worth a combined $309M — up 387% from $63.5M a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new TBT positions and 17 closed out — a net gain of 30 holders — while 24 added to existing stakes and 18 trimmed.
The largest buyer was Kornitzer Capital Management, opening a new position worth an estimated $27.5M. The largest seller was Marlin Sams Capital Management, cutting an estimated $2.9M.
- 114 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q1 2021, up from 86 in Q4 2020.
- Funds reported $309M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q1 2021, up 387% quarter-over-quarter.
- 47 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q1 2021 and 17 closed out, a net change of +30 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q1 2021 was Kornitzer Capital Management, an estimated $27.5M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q1 2021 was Marlin Sams Capital Management, an estimated $2.9M sold.
Based on aggregated 13F filings for Q1 2021.