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 31 closing their positions.
4% less call options, than puts
Call options by funds: $234M | Put options by funds: $243M
7.06% less ownership
Funds ownership: 19.72% → 12.66% (-7.1%)
8% less funds holding
Funds holding: 106 → 98 (-8)
23% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 31
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
59% less capital inflows, than outflows
Capital inflows: $57.5M | Capital outflows: $139M
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 |
Flow Traders U.S.
New York
|
+$4.43M |
| 5 |
Goldman Sachs
New York
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Main Street Research
Lakeville,
Connecticut
|
-$36.9M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$31.8M |
| 3 |
Seaview Investment Managers
Miami,
Florida
|
-$16.4M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
-$8.84M |
| 5 |
Peconic Partners
New York
|
-$7.65M |
TBT Hedge Fund Activity: Q4 2022 in Review
98 of the 6,243 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: 31 funds closed out of TBT and 24 opened new positions — a net loss of 7 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 106 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 31 closed out, a net change of -7 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.