ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
83 hedge funds and large institutions have $192M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 12 increasing their positions, 31 reducing their positions, and 15 closing their positions.
56% more capital invested
Capital invested by funds: $123M → $192M (+$69M)
18.19% more ownership
Funds ownership: 22.94% → 41.13% (+18%)
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
7% less call options, than puts
Call options by funds: $109M | Put options by funds: $117M
1% less funds holding
Funds holding: 84 → 83 (-1)
61% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 31
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$106M |
| 2 |
Parallax Volatility Advisers
San Francisco,
California
|
+$4.31M |
| 3 |
TSS
Two Sigma Securities
New York
|
+$2.91M |
| 4 |
Renaissance Technologies
New York
|
+$2.71M |
| 5 |
CFA
Camarda Financial Advisors
Fleming Island,
Florida
|
+$1.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
-$16.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$14M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$7.63M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
-$5.9M |
| 5 |
HT
HAP Trading
New York
|
-$5.61M |
TBT Hedge Fund Activity: Q2 2023 in Review
83 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q2 2023, worth a combined $192M — up 56% from $123M a quarter earlier.
Fund positioning in TBT was balanced in Q2 2023: 15 funds opened new positions, 15 closed out, 12 added to existing stakes and 31 trimmed.
The largest buyer was Jane Street, adding an estimated $106M. The largest seller was Ardsley Advisory Partners, exiting entirely with an estimated $16.8M sold.
- 83 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q2 2023, down from 84 in Q1 2023.
- Funds reported $192M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q2 2023, up 56% quarter-over-quarter.
- 15 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q2 2023 and 15 closed out, a net change of 0 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q2 2023 was Jane Street, an estimated $106M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q2 2023 was Ardsley Advisory Partners, an estimated $16.8M sold.
Based on aggregated 13F filings for Q2 2023.