Vault-13

PROSHARES TR TBF

SHRT 20+YR TRE · ETP · CUSIP 74347X849

53 institutional holders -3 vs Q4 2023
1,524,6611.5m shares reported held*
$35.4mreported value*
10 new 5 added 16 reduced 13 sold out net sold ≈ $12.2m (-527.1k 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 ≈ $23.20. Options: 2 managers hold calls ($1.0m notional), 1 hold puts ($273.6k).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 94Q4 22: 85Q1 23: 72Q2 23: 66Q3 23: 64Q4 23: 56Q1 24: 5353Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202294
Q4 202285
Q1 202372
Q2 202366
Q3 202364
Q4 202356
Q1 202453

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 31 bought or addedQ4 22: 56 cut or sold outQ4 22Q1 23: 28 bought or addedQ1 23: 44 cut or sold outQ1 23Q2 23: 25 bought or addedQ2 23: 42 cut or sold outQ2 23Q3 23: 29 bought or addedQ3 23: 31 cut or sold outQ3 23Q4 23: 26 bought or addedQ4 23: 33 cut or sold outQ4 23Q1 24: 15 bought or addedQ1 24: 29 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223156
Q1 20232844
Q2 20232542
Q3 20232931
Q4 20232633
Q1 20241529

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6m$8mQ2 23 calls: $4.0mQ2 23 puts: $210.4kQ2 23P/C 0.05Q3 23 calls: $6.4mQ3 23 puts: $794.2kQ3 23P/C 0.12Q4 23 calls: $1.5mQ4 23 puts: $227.5kQ4 23P/C 0.15Q1 24 calls: $1.0mQ1 24 puts: $273.6kQ1 24P/C 0.27
Numbers
QuarterCallsPutsP/C
Q2 2023$4.0m$210.4k0.05
Q3 2023$6.4m$794.2k0.12
Q4 2023$1.5m$227.5k0.15
Q1 2024$1.0m$273.6k0.27

Biggest buyers

MORGAN STANLEY Added +251,305+251.3k
First Heartland Consultants, Inc. New +151,917+151.9k
EXECUTIVE WEALTH GROUP LLC Added +31,232+31.2k
Aviance Capital Partners, LLC New +24,000+24.0k
IHT Wealth Management, LLC New +21,042+21.0k
FLOW TRADERS U.S. LLC New +18,814+18.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +16,092+16.1k
Worth Asset Management, LLC Added +12,043+12.0k
SHEPHERD KAPLAN KROCHUK, LLC Added +6,270+6.3k
ROYAL BANK OF CANADA New +592+592

Biggest sellers

JANE STREET GROUP, LLC Reduced -582,425-582.4k
UBS Group AG Reduced -126,130-126.1k
RENAISSANCE TECHNOLOGIES LLC Reduced -53,600-53.6k
Lynwood Capital Management Inc. Sold out -50,000-50.0k
CITADEL ADVISORS LLC Reduced -43,754-43.8k
LPL Financial LLC Reduced -40,187-40.2k
HRT FINANCIAL LP Reduced -29,891-29.9k
AXS Investments LLC Reduced -29,000-29.0k
TWO SIGMA SECURITIES, LLC Sold out -26,800-26.8k
CIBC WORLD MARKET INC. Sold out -25,649-25.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.0m43.9k shares
Cutler Group LLC / CA Reduced $0200 shares

Biggest puts

CITADEL ADVISORS LLC Added $273.6k11.8k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 482,211482.2k $11.2m $11.2m 0.00% Added +251.3k +251,305
2 First Heartland Consultants, Inc. 0.37% of their portfolio LAKE ST. LOUIS, MO 151,917151.9k $3.5m $3.5m 0.37% New
3 Sepio Capital, LP 0.26% of their portfolio Salt Lake City, UT 131,600131.6k $3.1m $3.1m 0.26% Unchanged
4 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 115,244115.2k $2.7m $2.7m 0.00% Reduced -582.4k -582,425
5 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 86,40086.4k $2.0m $2.0m 0.00% Reduced -53.6k -53,600
6 SSI INVESTMENT MANAGEMENT LLC 0.09% of their portfolio Los Angeles, CA 49,50049.5k $1.1m $1.1m 0.09% Reduced -5.5k -5,500
7 EXECUTIVE WEALTH GROUP LLC 0.23% of their portfolio KIRKLAND, WA 46,81046.8k $1.1m $1.1m 0.23% Added +31.2k +31,232
8 Worth Asset Management, LLC 0.67% of their portfolio DALLAS, TX 46,77946.8k $1.1m $1.1m 0.67% Added +12.0k +12,043
9 AXS Investments LLC 0.23% of their portfolio PORT CHESTER, NY 41,00041.0k $950.8k $950.8k 0.23% Reduced -29.0k -29,000
10 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 36,79236.8k $853.2k $853.2k 0.00% Reduced -2.0k -1,979
11 SHEPHERD KAPLAN KROCHUK, LLC 0.66% of their portfolio Boston, MA 35,50535.5k $823.4k $823.4k 0.66% Added +6.3k +6,270
12 TWIN FOCUS CAPITAL PARTNERS, LLC 0.13% of their portfolio Boston, MA 29,20029.2k $677.1k $677.1k 0.13% Unchanged
13 Parallax Volatility Advisers, L.P. 0.02% of their portfolio San Francisco, CA 29,10029.1k $674.8k $674.8k 0.02% Unchanged
14 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 27,71127.7k $642.6k $642.6k 0.00% Reduced -40.2k -40,187
15 Aviance Capital Partners, LLC 0.08% of their portfolio NAPLES, FL 24,00024.0k $556.6k $556.6k 0.08% New
16 Diversify Advisory Services, LLC 0.03% of their portfolio SANDY, UT 21,50721.5k $509.1k $509.1k 0.03% First filing
17 IHT Wealth Management, LLC 0.02% of their portfolio Chicago, IL 21,04221.0k $488.0k $488.0k 0.02% New
18 Geneos Wealth Management Inc. 0.02% of their portfolio ENGLEWOOD, CO 21,00021.0k $487.0k $487.0k 0.02% Unchanged
19 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 18,81418.8k $436.0k $436.0k 0.02% New
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,09216.1k $373.2k $373.2k 0.00% New
21 Kovack Advisors, Inc. 0.03% of their portfolio FT. LAUDERDALE, FL 12,25012.2k $284.1k $284.1k 0.03% Reduced -264 -264
22 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 11,75011.8k $272.5k $272.5k 0.00% Reduced -932 -932
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,33510.3k $239.7k $239.7k 0.00% Reduced -126.1k -126,130
24 Private Wealth Partners, LLC 0.02% of their portfolio MILL VALLEY, CA 10,00010.0k $231.9k $231.9k 0.02% Unchanged
25 Horrell Capital Management, Inc. 0.06% of their portfolio LITTLE ROCK, AR 10,00010.0k $232.0k $232.0k 0.06% Unchanged
26 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 9,8339.8k $228.0k $228.0k 0.00% Reduced -29.9k -29,891
27 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 8,9398.9k $207.3k $207.3k 0.00% Reduced -43.8k -43,754
28 PITTENGER & ANDERSON INC 0.00% of their portfolio LINCOLN, NE 4,4004.4k $102.0k $102.0k 0.00% Unchanged
29 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 3,0003.0k $69.6k $69.6k 0.00% Unchanged
30 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio BLUE BELL, PA 2,7792.8k $64.4k $64.4k 0.01% Unchanged
31 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 2,3502.4k $54.5k $54.5k 0.00% Unchanged
32 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,3901.4k $32.6k $32.6k 0.00% Unchanged
33 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,1251.1k $26.1k $26.1k 0.00% Unchanged
34 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 1,1021.1k $25.6k $25.6k 0.00% Unchanged
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 592592 $14.0k $14.0k 0.00% New
36 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 500500 $11.6k $11.6k 0.00% Unchanged
37 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 439439 $10.2k $10.2k 0.00% New
38 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 406406 $9.0k $9.0k 0.00% Reduced -26 -26
39 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 307307 $7.1k $7.1k 0.00% Unchanged
40 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 191191 $4.4k $4.4k 0.00% Added +1 +1
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 184184 $4.3k $4.3k 0.00% Reduced -712 -712
42 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 166166 $3.9k $3.9k 0.00% Reduced -33 -33
43 Caitlin John, LLC 0.00% of their portfolio BRIGHTON, MI 139139 $3.2k $3.2k 0.00% New
44 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 9090 $2.1k $2.1k 0.00% Unchanged
45 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 6868 $1.6k $1.6k 0.00% Unchanged
46 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 5252 $1.2k $1.2k 0.00% Reduced -61 -61
47 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1515 $348 $348 0.00% Reduced -29 -29
48 Semmax Financial Advisors Inc. 0.00% of their portfolio Winston Salem, NC 1414 $349 $349 0.00% Unchanged
49 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1313 $303 $303 0.00% New
50 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 44 $93 $93 0.00% New
51 Clear Point Advisors Inc. 0.00% of their portfolio MELVILLE, NY 44 $97 $97 0.00% Unchanged
52 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $1 $1 0.00% Unchanged
53 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged