PROSHARES TR TBF
SHRT 20+YR TRE · ETP · CUSIP 74347X849
64
institutional holders
-2 vs Q2 2023
3.6m
shares reported held*
$90.1mreported value*
15 new
14 added
14 reduced
17 sold out
net bought ≈ $24.1m (+904.1k 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 ≈ $25.21. Options: 3 managers hold calls ($6.4m notional), 3 hold puts ($794.2k).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 94 |
| Q4 2022 | 85 |
| Q1 2023 | 72 |
| Q2 2023 | 66 |
| Q3 2023 | 64 |
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 |
| Q2 2023 | 25 | 42 |
| Q3 2023 | 29 | 31 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $946.5k | $1.6m | 1.73 |
| Q1 2023 | $1.2m | $1.2m | 0.95 |
| Q2 2023 | $4.0m | $210.4k | 0.05 |
| Q3 2023 | $6.4m | $794.2k | 0.12 |
Biggest buyers
| MEDICI CAPITAL LLC | New | +690.6k |
| Synergy Asset Management, LLC | New | +390.8k |
| Hilltop Holdings Inc. | New | +149.8k |
| MORGAN STANLEY | Added | +120.8k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +110.4k |
| Advisors Preferred, LLC | Added | +105.9k |
| Dynamic Advisor Solutions LLC | New | +93.2k |
| Deane Retirement Strategies, Inc. | Added | +72.2k |
| Cambridge Investment Research Advisors, Inc. | New | +72.0k |
| Baird Financial Group, Inc. | Added | +42.5k |
Biggest sellers
| JANE STREET GROUP, LLC | Reduced | -559.0k |
| HRT FINANCIAL LP | Sold out | -99.7k |
| GTS SECURITIES LLC | Sold out | -84.9k |
| First Heartland Consultants, Inc. | Reduced | -68.4k |
| FLOW TRADERS U.S. LLC | Sold out | -66.4k |
| Prostatis Group LLC | Sold out | -56.6k |
| TD Waterhouse Canada Inc. | Reduced | -42.2k |
| TWO SIGMA SECURITIES, LLC | Sold out | -39.8k |
| ROYAL BANK OF CANADA | Sold out | -36.3k |
| Sowell Financial Services LLC | Sold out | -20.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.1m241.5k shares |
| CITADEL ADVISORS LLC | Added | $296.8k11.8k shares |
| Cutler Group LLC / CA | Added | $3.0k2.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $530.7k21.1k shares |
| CITADEL ADVISORS LLC | Added | $256.5k10.2k shares |
| Cutler Group LLC / CA | New | $7.0k13.7k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| MEDICI CAPITAL LLC 38.95% of their portfolio | 690.6k $17.4m | New |
| Advisors Preferred, LLC 4.33% of their portfolio | 521.4k $13.3m | Added +105.9k |
| Synergy Asset Management, LLC 1.95% of their portfolio | 390.8k $9.8m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 207.9k $5.2m | Reduced -559.0k |
| LPL Financial LLC 0.00% of their portfolio | 200.9k $5.1m | Added +38.7k |
| Hilltop Holdings Inc. 0.47% of their portfolio | 149.8k $3.8m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 134.9k $3.4m | Added +110.4k |
| Sepio Capital, LP 0.28% of their portfolio | 128.5k $3.2m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 128.3k $3.2m | Added +120.8k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 97.7k $2.5m | Added +42.5k |
| Dynamic Advisor Solutions LLC 0.11% of their portfolio | 93.2k $2.3m | New |
| Worth Asset Management, LLC 1.50% of their portfolio | 73.6k $1.9m | Added +14.6k |
| Deane Retirement Strategies, Inc. 1.02% of their portfolio | 72.7k $1.8m | Added +72.2k |
| First Heartland Consultants, Inc. 0.23% of their portfolio | 72.2k $1.8m | Reduced -68.4k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 72.0k $1.8m | New |
| SSI INVESTMENT MANAGEMENT LLC 0.13% of their portfolio | 65.0k $1.6m | Unchanged |
| Savior LLC 8.96% of their portfolio | 51.3k $1.3m | Reduced -13.4k |
| AlphaStar Capital Management, LLC 0.11% of their portfolio | 34.2k $860.4k | New |
| COLUMBIA ADVISORY PARTNERS LLC 0.90% of their portfolio | 33.0k $829.6k | New |
| SHEPHERD KAPLAN KROCHUK, LLC 0.70% of their portfolio | 32.2k $810.6k | New |
| AXS Investments LLC 0.19% of their portfolio | 30.0k $754.5k | Reduced -5.0k |
| TWIN FOCUS CAPITAL PARTNERS, LLC 0.16% of their portfolio | 29.2k $734.4k | Unchanged |
| Parallax Volatility Advisers, L.P. 0.03% of their portfolio | 29.1k $731.9k | Unchanged |
| SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio | 23.0k $578.5k | Unchanged |
| Ashton Thomas Private Wealth, LLC 0.04% of their portfolio | 22.0k $553.2k | New |
| Geneos Wealth Management Inc. 0.03% of their portfolio | 21.0k $528.1k | Reduced -200 |
| Compound Planning, Inc. 0.18% of their portfolio | 20.9k $525.0k | New |
| Hedges Asset Management LLC 0.38% of their portfolio | 17.5k $440.1k | Unchanged |
| Kovack Advisors, Inc. 0.06% of their portfolio | 15.9k $398.7k | Reduced -44 |
| EXECUTIVE WEALTH GROUP LLC 0.27% of their portfolio | 15.4k $387.1k | Reduced -330 |
| IAMS WEALTH MANAGEMENT, LLC 0.27% of their portfolio | 15.2k $383.2k | New |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 14.8k $373.0k | Added +900 |
| Private Wealth Partners, LLC 0.02% of their portfolio | 10.0k $251.5k | Unchanged |
| Horrell Capital Management, Inc. 0.08% of their portfolio | 10.0k $252.0k | Unchanged |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 8.6k $216.8k | Reduced -785 |
| Avantax Planning Partners, Inc. 0.01% of their portfolio | 8.3k $209.4k | New |
| UBS Group AG 0.00% of their portfolio | 6.4k $161.4k | Added +5.7k |
| CITY HOLDING CO 0.02% of their portfolio | 4.8k $121.6k | Unchanged |
| PITTENGER & ANDERSON INC 0.01% of their portfolio | 4.4k $110.7k | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio | 2.8k $69.9k | Reduced -100 |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 2.4k $59.1k | Unchanged |
| Cullen/Frost Bankers, Inc. 0.00% of their portfolio | 1.5k $37.7k | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 1.4k $33.6k | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 1.3k $33.7k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 1.1k $28.3k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.0k $25.1k | Added +8 |
| Parallel Advisors, LLC 0.00% of their portfolio | 962 $24.2k | Unchanged |
| Coppell Advisory Solutions LLC 0.00% of their portfolio | 620 $14.1k | Added +112 |
| CITIGROUP INC 0.00% of their portfolio | 500 $12.6k | Unchanged |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 432 $10.0k | First filing |
| NewEdge Advisors, LLC 0.00% of their portfolio | 427 $10.7k | Reduced -1.2k |
| Cutler Group LLC / CA 0.00% of their portfolio | 400 $10.0k | New |
| Tradition Wealth Management, LLC 0.00% of their portfolio | 400 $10.0k | Added +3 |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 257 $6.5k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 255 $6.4k | Reduced -107 |
| Spire Wealth Management 0.00% of their portfolio | 186 $4.7k | Added +1 |
| Global Retirement Partners, LLC 0.00% of their portfolio | 112 $2.9k | Reduced -25 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 90 $2.3k | Unchanged |
| Avior Wealth Management, LLC 0.00% of their portfolio | 67 $1.7k | Added +1 |
| Semmax Financial Advisors Inc. 0.00% of their portfolio | 14 $364 | First filing |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 14 $352 | New |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 1 $26 | Reduced -42.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 0 $1 | Reduced -1 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |