PROSHARES TR TBF
SHRT 20+YR TRE · ETP · CUSIP 74347X849
72
institutional holders
-13 vs Q4 2022
3.3m
shares reported held*
$69.3mreported value*
12 new
16 added
21 reduced
23 sold out
net sold ≈ $10.4m (-490.8k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $21.11. Options: 3 managers hold calls ($1.2m notional), 3 hold puts ($1.2m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 94 |
| Q4 2022 | 85 |
| Q1 2023 | 72 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 31 | 56 |
| Q1 2023 | 28 | 44 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $2.0m | $3.2m | 1.62 |
| Q4 2022 | $946.5k | $1.6m | 1.73 |
| Q1 2023 | $1.2m | $1.2m | 0.95 |
Biggest buyers
| Advisors Preferred, LLC | New | +461.4k |
| Cadent Capital Advisors, LLC | New | +280.9k |
| Heck Capital Advisors, LLC | New | +237.8k |
| JANE STREET GROUP, LLC | Added | +162.0k |
| CITADEL ADVISORS LLC | Added | +145.1k |
| First Heartland Consultants, Inc. | New | +142.5k |
| RETIREMENT CAPITAL STRATEGIES | New | +120.0k |
| BECKER CAPITAL MANAGEMENT INC | New | +69.2k |
| MORGAN STANLEY | Added | +45.3k |
| TWO SIGMA SECURITIES, LLC | Added | +35.6k |
Biggest sellers
| GeoWealth Management, LLC | Sold out | -412.4k |
| Ethos Financial Group, LLC | Sold out | -358.1k |
| D. SCOTT NEAL, INC. | Reduced | -342.8k |
| LPL Financial LLC | Reduced | -193.4k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -130.4k |
| Howard Capital Management, LLC | Sold out | -129.8k |
| OPPENHEIMER & CO INC | Reduced | -90.1k |
| Worth Asset Management, LLC | Reduced | -88.3k |
| Truadvice, LLC | Sold out | -82.7k |
| Baird Financial Group, Inc. | Reduced | -71.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $686.7k32.5k shares |
| CITADEL ADVISORS LLC | Reduced | $530.4k25.1k shares |
| Cutler Group LLC / CA | Reduced | $06.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $779.7k36.9k shares |
| CITADEL ADVISORS LLC | Added | $374.0k17.7k shares |
| Cutler Group LLC / CA | Reduced | $3.0k2.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| Advisors Preferred, LLC 3.32% of their portfolio | 461.4k $9.7m | New |
| MORGAN STANLEY 0.00% of their portfolio | 323.1k $6.8m | Added +45.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 316.4k $6.7m | Added +162.0k |
| Cadent Capital Advisors, LLC 3.53% of their portfolio | 280.9k $5.9m | New |
| Heck Capital Advisors, LLC 0.96% of their portfolio | 237.8k $5.0m | New |
| SSI INVESTMENT MANAGEMENT LLC 0.24% of their portfolio | 165.0k $3.5m | Reduced -15.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 147.2k $3.1m | Added +145.1k |
| First Heartland Consultants, Inc. 0.45% of their portfolio | 142.5k $3.0m | New |
| Sepio Capital, LP 0.25% of their portfolio | 128.5k $2.7m | Unchanged |
| RETIREMENT CAPITAL STRATEGIES 1.23% of their portfolio | 120.0k $2.5m | New |
| SHEPHERD KAPLAN KROCHUK, LLC 1.64% of their portfolio | 88.2k $1.9m | Reduced -2.2k |
| Savior LLC 1.33% of their portfolio | 76.0k $1.6m | Reduced -5.8k |
| LPL Financial LLC 0.00% of their portfolio | 69.7k $1.5m | Reduced -193.4k |
| BECKER CAPITAL MANAGEMENT INC 0.06% of their portfolio | 69.2k $1.5m | New |
| Baird Financial Group, Inc. 0.00% of their portfolio | 55.5k $1.2m | Reduced -71.8k |
| TWO SIGMA SECURITIES, LLC 0.08% of their portfolio | 47.0k $992.6k | Added +35.6k |
| TD Waterhouse Canada Inc. 0.01% of their portfolio | 44.7k $942.5k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 41.0k $867.4k | Added +26.0k |
| TWIN FOCUS CAPITAL PARTNERS, LLC 0.12% of their portfolio | 29.2k $617.0k | Unchanged |
| Parallax Volatility Advisers, L.P. 0.02% of their portfolio | 29.1k $614.9k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 27.5k $580.1k | Added +16.0k |
| Ascendant Capital Management, LLC 0.70% of their portfolio | 25.0k $528.2k | New |
| SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio | 23.0k $485.0k | Unchanged |
| Geneos Wealth Management Inc. 0.03% of their portfolio | 21.2k $448.0k | Unchanged |
| Sowell Financial Services LLC 0.03% of their portfolio | 19.3k $407.0k | Reduced -4.4k |
| Integrated Advisors Network LLC 0.02% of their portfolio | 19.0k $401.6k | Reduced -1.4k |
| Kovack Advisors, Inc. 0.05% of their portfolio | 18.8k $398.0k | Reduced -4.7k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 18.2k $384.0k | Reduced -90.1k |
| HighTower Advisors, LLC 0.00% of their portfolio | 17.8k $375.0k | Reduced -6.1k |
| Hedges Asset Management LLC 0.31% of their portfolio | 17.5k $369.8k | Unchanged |
| BOS Asset Management, LLC 0.28% of their portfolio | 15.7k $332.1k | Reduced -28.0k |
| EXECUTIVE WEALTH GROUP LLC 0.23% of their portfolio | 15.6k $329.3k | Added +101 |
| Belpointe Asset Management LLC 0.02% of their portfolio | 14.4k $305.0k | Reduced -15.1k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 13.6k $287.4k | Unchanged |
| CHOREO, LLC 0.01% of their portfolio | 13.5k $285.8k | New |
| D. SCOTT NEAL, INC. 0.16% of their portfolio | 13.1k $277.8k | Reduced -342.8k |
| Banque Cantonale Vaudoise 0.01% of their portfolio | 12.7k $269.0k | Added +1.2k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 11.1k $238.3k | Added +9.7k |
| VISTA INVESTMENT MANAGEMENT 0.12% of their portfolio | 10.7k $225.8k | Reduced -9.4k |
| HRT FINANCIAL LP 0.00% of their portfolio | 10.5k $221.0k | New |
| Equitable Holdings, Inc. 0.00% of their portfolio | 10.3k $217.1k | Added +96 |
| Private Wealth Partners, LLC 0.02% of their portfolio | 10.0k $211.3k | New |
| Horrell Capital Management, Inc. 0.07% of their portfolio | 10.0k $211.0k | Unchanged |
| AllSquare Wealth Management LLC 0.11% of their portfolio | 8.2k $172.8k | Unchanged |
| PITTENGER & ANDERSON INC 0.00% of their portfolio | 4.4k $93.0k | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio | 3.5k $74.7k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 3.3k $70.4k | Unchanged |
| MONTAG A & ASSOCIATES INC 0.00% of their portfolio | 2.8k $59.9k | Unchanged |
| Endurance Wealth Management, Inc. 0.01% of their portfolio | 2.5k $53.0k | Unchanged |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 2.4k $49.7k | Reduced -5.3k |
| BerganKDV Wealth Management, LLC 0.00% of their portfolio | 1.9k $40.0k | Unchanged |
| Cullen/Frost Bankers, Inc. 0.00% of their portfolio | 1.5k $31.7k | Unchanged |
| Parallel Advisors, LLC 0.00% of their portfolio | 1.4k $29.9k | Reduced -1.3k |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.00% of their portfolio | 1.4k $29.6k | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 1.3k $28.3k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 1.1k $23.8k | Reduced -38 |
| Deane Retirement Strategies, Inc. 0.01% of their portfolio | 1.0k $22.0k | Added +895 |
| Mendota Financial Group, LLC 0.02% of their portfolio | 1.0k $17.9k | Added +303 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 988 $21.0k | Reduced -1.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 940 $20.0k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 777 $16.4k | Not comparable |
| Worth Asset Management, LLC 0.01% of their portfolio | 525 $11.1k | Reduced -88.3k |
| CITIGROUP INC 0.00% of their portfolio | 500 $10.6k | Reduced -1.0k |
| Tradition Wealth Management, LLC 0.00% of their portfolio | 492 $10.0k | Added +5 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 297 $6.3k | Added +189 |
| Spire Wealth Management 0.00% of their portfolio | 182 $3.9k | Added +1 |
| Cutler Group LLC / CA 0.00% of their portfolio | 100 $2.0k | Reduced -30.5k |
| Avior Wealth Management, LLC 0.00% of their portfolio | 65 $1.4k | Added +1 |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 15 $320 | New |
| FMR LLC 0.00% of their portfolio | 2 $42 | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 0 $7 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |