ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
111 hedge funds and large institutions have $258M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2022 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 13 increasing their positions, 31 reducing their positions, and 26 closing their positions.
85% more call options, than puts
Call options by funds: $530M | Put options by funds: $287M
23% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 26
15% more capital invested
Capital invested by funds: $224M → $258M (+$33.3M)
4% more funds holding
Funds holding: 107 → 111 (+4)
2.02% more ownership
Funds ownership: 17.12% → 19.14% (+2%)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
58% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSR
Main Street Research
Lakeville,
Connecticut
|
+$29.5M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
+$17.8M |
| 3 |
Jane Street
New York
|
+$10.5M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$10.2M |
| 5 |
Parallax Volatility Advisers
San Francisco,
California
|
+$7.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$36.8M |
| 2 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
-$21.1M |
| 3 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$9.33M |
| 4 |
KIA
KCM Investment Advisors
Greenbrae,
California
|
-$9.03M |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
-$6.06M |
TBT Hedge Fund Activity: Q2 2022 in Review
111 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q2 2022, worth a combined $258M — up 15% from $224M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new TBT positions and 26 closed out — a net gain of 6 holders — while 13 added to existing stakes and 31 trimmed.
The largest buyer was Main Street Research, opening a new position worth an estimated $29.5M. The largest seller was Susquehanna International Group, cutting an estimated $36.8M.
- 111 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q2 2022, up from 107 in Q1 2022.
- Funds reported $258M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q2 2022, up 15% quarter-over-quarter.
- 32 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q2 2022 and 26 closed out, a net change of +6 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q2 2022 was Main Street Research, an estimated $29.5M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q2 2022 was Susquehanna International Group, an estimated $36.8M sold.
Based on aggregated 13F filings for Q2 2022.