Vault-13

PROSHARES TR TBF

SHRT 20+YR TRE · ETP · CUSIP 74347X849

35 institutional holders -3 vs Q1 2026
1,074,5481.1m shares reported held*
$26.0mreported value*
6 new 8 added 10 reduced 10 sold out net bought ≈ $3.7m (+152.0k 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 ≈ $24.23. Options: 1 managers hold calls ($998.3k notional), 0 hold puts (—).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 94Q4 22: 85Q1 23: 72Q2 23: 66Q3 23: 64Q4 23: 56Q1 24: 53Q2 24: 49Q3 24: 38Q4 24: 45Q1 25: 36Q2 25: 39Q3 25: 29Q4 25: 31Q1 26: 38Q2 26: 3535Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202294
Q4 202285
Q1 202372
Q2 202366
Q3 202364
Q4 202356
Q1 202453
Q2 202449
Q3 202438
Q4 202445
Q1 202536
Q2 202539
Q3 202529
Q4 202531
Q1 202638
Q2 202635

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 24: 9 bought or addedQ3 24: 18 cut or sold outQ4 24: 18 bought or addedQ4 24: 11 cut or sold outQ4 24Q1 25: 12 bought or addedQ1 25: 19 cut or sold outQ2 25: 19 bought or addedQ2 25: 10 cut or sold outQ2 25Q3 25: 7 bought or addedQ3 25: 18 cut or sold outQ4 25: 11 bought or addedQ4 25: 12 cut or sold outQ4 25Q1 26: 18 bought or addedQ1 26: 11 cut or sold outQ2 26: 14 bought or addedQ2 26: 20 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024918
Q4 20241811
Q1 20251219
Q2 20251910
Q3 2025718
Q4 20251112
Q1 20261811
Q2 20261420

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 25 calls: $308.4kQ3 25 puts: $851.5kQ3 25P/C 2.76Q4 25 calls: $530.6kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $714.8kQ1 26 puts: $1.2mQ1 26P/C 1.71Q2 26 calls: $998.3kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$308.4k$851.5k2.76
Q4 2025$530.6k$00.00
Q1 2026$714.8k$1.2m1.71
Q2 2026$998.3k$00.00

Biggest buyers

CAPTRUST FINANCIAL ADVISORS Added +148,377+148.4k
VERUS CAPITAL PARTNERS, LLC New +135,131+135.1k
ROYAL BANK OF CANADA Added +125,928+125.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +63,278+63.3k
GTS SECURITIES LLC Added +23,977+24.0k
Verity Asset Management, Inc. New +22,771+22.8k
TWO SIGMA SECURITIES, LLC New +8,328+8.3k
Sepio Capital, LP Added +7,000+7.0k
SIMPLEX TRADING, LLC New +3,730+3.7k
MORGAN STANLEY Added +2,013+2.0k

Biggest sellers

Coral Wealth Management, LLC Sold out -138,033-138.0k
Advisors Preferred, LLC Sold out -102,425-102.4k
LPL Financial LLC Reduced -44,371-44.4k
JANE STREET GROUP, LLC Sold out -24,280-24.3k
Worth Asset Management, LLC Sold out -16,811-16.8k
Focus Partners Wealth Sold out -16,794-16.8k
Virtue Capital Management, LLC Sold out -10,540-10.5k
HRT FINANCIAL LP Sold out -9,523-9.5k
SHEPHERD KAPLAN KROCHUK, LLC Reduced -9,446-9.4k
Pettinga Financial Advisors LLC Reduced -6,300-6.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $998.3k41.2k shares

Biggest puts

None

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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 160,127160.1k $3.9m $3.9m 0.01% Added +148.4k +148,377
2 VERUS CAPITAL PARTNERS, LLC 0.18% of their portfolio SCOTTSDALE, AZ 135,131135.1k $3.3m $3.3m 0.18% New
3 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 132,541132.5k $3.2m $3.2m 0.00% Added +125.9k +125,928
4 Sepio Capital, LP 0.16% of their portfolio Salt Lake City, UT 131,300131.3k $3.2m $3.2m 0.16% Added +7.0k +7,000
5 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 93,10093.1k $2.3m $2.3m 0.02% Reduced -3.3k -3,300
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 63,27863.3k $1.5m $1.5m 0.00% New
7 HOURGLASS CAPITAL, LLC 0.25% of their portfolio HOUSTON, TX 53,20053.2k $1.3m $1.3m 0.25% Added +100 +100
8 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 52,47152.5k $1.3m $1.3m 0.01% Reduced -1.5k -1,517
9 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 34,38034.4k $833.0k $833.0k 0.02% Added +24.0k +23,977
10 Verity Asset Management, Inc. 0.21% of their portfolio DURHAM, NC 22,77122.8k $551.7k $551.7k 0.21% New
11 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 21,00021.0k $508.8k $508.8k 0.01% Unchanged
12 CAMELOT TECHNOLOGY ADVISORS, INC. 0.35% of their portfolio SAN FRANCISCO, CA 20,91420.9k $506.7k $506.7k 0.35% Added +132 +132
13 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 18,49318.5k $448.1k $448.1k 0.00% Reduced -44.4k -44,371
14 Farringdon Capital, Ltd. 0.20% of their portfolio LONDON, X0 16,56616.6k $401.4k $401.4k 0.20% Reduced -7 -7
15 Pettinga Financial Advisors LLC 0.06% of their portfolio EVANSVILLE, IN 15,50015.5k $375.6k $375.6k 0.06% Reduced -6.3k -6,300
16 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 15,00015.0k $363.4k $363.4k 0.01% Unchanged
17 SHEPHERD KAPLAN KROCHUK, LLC 0.24% of their portfolio Boston, MA 12,36112.4k $299.5k $299.5k 0.24% Reduced -9.4k -9,446
18 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 11,26211.3k $272.9k $272.9k 0.00% Reduced -720 -720
19 Walser Wealth Management Company, A Ltd Liability Co 0.11% of their portfolio TAMPA, FL 10,90710.9k $264.3k $264.3k 0.11% Reduced -720 -720
20 Private Wealth Partners, LLC 0.02% of their portfolio MILL VALLEY, CA 10,00010.0k $242.3k $242.3k 0.02% Unchanged
21 Horrell Capital Management, Inc. 0.11% of their portfolio LITTLE ROCK, AR 10,00010.0k $242.3k $242.3k 0.11% Unchanged
22 TWO SIGMA SECURITIES, LLC 0.02% of their portfolio NEW YORK, NY 8,3288.3k $201.8k $201.8k 0.02% New
23 Mariner, LLC 0.00% of their portfolio Overland Park, KS 8,3258.3k $201.7k $201.7k 0.00% Unchanged
24 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 6,0006.0k $145.4k $145.4k 0.00% Added +2.0k +2,000
25 PITTENGER & ANDERSON INC 0.00% of their portfolio LINCOLN, NE 4,4004.4k $106.6k $106.6k 0.00% Unchanged
26 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 3,7303.7k $90.4k $90.4k 0.00% New
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,0142.0k $48.8k $48.8k 0.00% Added +2.0k +2,013
28 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 1,1021.1k $26.7k $26.7k 0.00% Unchanged
29 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 165165 $4.0k $4.0k 0.00% Unchanged
30 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 119119 $2.9k $2.9k 0.00% Reduced -10 -10
31 UBS Group AG 0.00% of their portfolio ZURICH, V8 2020 $485 $485 0.00% Reduced -3.1k -3,075
32 VIMA LLC 0.00% of their portfolio TROY, MI 2020 $485 $485 0.00% First filing
33 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1313 $315 $315 0.00% Unchanged
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1010 $239 $239 0.00% New
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $1 $1 0.00% Unchanged