ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
131 hedge funds and large institutions have $321M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2021 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 35 increasing their positions, 26 reducing their positions, and 20 closing their positions.
60% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 20
35% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 26
25% more call options, than puts
Call options by funds: $258M | Put options by funds: $206M
8% more funds holding
Funds holding: 121 → 131 (+10)
2.9% less ownership
Funds ownership: 23.16% → 20.25% (-2.9%)
7% less capital invested
Capital invested by funds: $346M → $321M (-$25.4M)
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$18.1M |
| 2 |
Parallax Volatility Advisers
San Francisco,
California
|
+$5.61M |
| 3 |
William Blair & Company
Chicago,
Illinois
|
+$4.45M |
| 4 |
PP
Peconic Partners
New York
|
+$4.38M |
| 5 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
+$4.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$23.2M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$12M |
| 3 |
KC
Kingfisher Capital
Charlotte,
North Carolina
|
-$7.49M |
| 4 |
Jane Street
New York
|
-$4.97M |
| 5 |
KIA
KCM Investment Advisors
Greenbrae,
California
|
-$4.73M |
TBT Hedge Fund Activity: Q3 2021 in Review
131 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q3 2021, worth a combined $321M — down 7.3% from $346M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new TBT positions and 20 closed out — a net gain of 12 holders — while 35 added to existing stakes and 26 trimmed.
The largest buyer was Credit Suisse, adding an estimated $18.1M. The largest seller was Proficio Capital Partners, cutting an estimated $23.2M.
- 131 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q3 2021, up from 121 in Q2 2021.
- Funds reported $321M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q3 2021, down 7.3% quarter-over-quarter.
- 32 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q3 2021 and 20 closed out, a net change of +12 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q3 2021 was Credit Suisse, an estimated $18.1M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q3 2021 was Proficio Capital Partners, an estimated $23.2M sold.
Based on aggregated 13F filings for Q3 2021.