ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
98 hedge funds and large institutions have $158M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2022 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 13 increasing their positions, 40 reducing their positions, and 30 closing their positions.
0.55% less ownership
Funds ownership: 19.72% → 19.17% (-0.55%)
4% less call options, than puts
Call options by funds: $234M | Put options by funds: $243M
7% less funds holding
Funds holding: 105 → 98 (-7)
20% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 30
34% less capital invested
Capital invested by funds: $241M → $158M (-$83M)
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
68% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$22.8M |
| 2 |
Parallax Volatility Advisers
San Francisco,
California
|
+$10.2M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.88M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$4.43M |
| 5 |
Goldman Sachs
New York
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSR
Main Street Research
Lakeville,
Connecticut
|
-$36.9M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$31.8M |
| 3 |
SIM
Seaview Investment Managers
Miami,
Florida
|
-$16.4M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
-$8.84M |
| 5 |
PP
Peconic Partners
New York
|
-$7.65M |
TBT Hedge Fund Activity: Q4 2022 in Review
98 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q4 2022, worth a combined $158M — down 34% from $241M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of TBT and 24 opened new positions — a net loss of 6 holders — while 40 trimmed existing stakes and 13 added.
The largest buyer was Jane Street, adding an estimated $22.8M. The largest seller was Main Street Research, exiting entirely with an estimated $36.9M sold.
- 98 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q4 2022, down from 105 in Q3 2022.
- Funds reported $158M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q4 2022, down 34% quarter-over-quarter.
- 24 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q4 2022 and 30 closed out, a net change of -6 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q4 2022 was Jane Street, an estimated $22.8M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q4 2022 was Main Street Research, an estimated $36.9M sold.
Based on aggregated 13F filings for Q4 2022.