ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
79 hedge funds and large institutions have $315M invested in ProShares Trust UltraShort Lehman 20+ Year Treasury in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 25 reducing their positions, and 15 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
64% more capital invested
Capital invested by funds: $192M → $315M (+$123M)
19.22% more ownership
Funds ownership: 41.13% → 60.35% (+19%)
6% less funds holding
Funds holding: 84 → 79 (-5)
11% less call options, than puts
Call options by funds: $112M | Put options by funds: $125M
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
28% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$41.9M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
+$9.33M |
| 3 |
GS
GTS Securities
New York
|
+$3.31M |
| 4 |
TA
Tactive Advisors
Jacksonville,
Florida
|
+$2.76M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$2.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
-$6.33M |
| 2 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$3.94M |
| 3 |
TSS
Two Sigma Securities
New York
|
-$2.39M |
| 4 |
CM
CastleKnight Management
New York
|
-$2.11M |
| 5 |
EA
Ellsworth Advisors
Hudson,
Ohio
|
-$1.9M |
TBT Hedge Fund Activity: Q3 2023 in Review
79 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) for Q3 2023, worth a combined $315M — up 64% from $192M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of TBT and 11 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 18 added.
The largest buyer was Jane Street, adding an estimated $41.9M. The largest seller was Parallax Volatility Advisers, cutting an estimated $6.33M.
- 79 institutional investors held ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) as of Q3 2023, down from 84 in Q2 2023.
- Funds reported $315M of ProShares Trust UltraShort Lehman 20+ Year Treasury stock for Q3 2023, up 64% quarter-over-quarter.
- 11 funds opened new ProShares Trust UltraShort Lehman 20+ Year Treasury positions in Q3 2023 and 15 closed out, a net change of -4 holders.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury buyer in Q3 2023 was Jane Street, an estimated $41.9M added.
- The largest ProShares Trust UltraShort Lehman 20+ Year Treasury seller in Q3 2023 was Parallax Volatility Advisers, an estimated $6.33M sold.
Based on aggregated 13F filings for Q3 2023.