Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Proshares Tr (TBT)

60 + Investors. Track Smart Money conviction in TBT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
1Q ▲
Buyers last Q
69%

Smart Money Signals — TBT

Based on 60 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added TBT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 80% of 3.0Y peak

80% of all-time peak
60 funds currently hold this stock — 80% of the 3.0-year high of 75 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding TBT is almost the same as a year ago (-2 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟢

More buyers than sellers — 69% buying

38 buying17 selling
Last quarter: 38 funds were net buyers (20 opened a brand new position + 18 added to an existing one). Only 17 were sellers (7 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new TBT position: 6 → 13 → 11 → 20. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 18% medium ■ 20% new
37 out of 60 hedge funds have held TBT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

15 → 6 → 13 → 11 → 20 new funds/Q
New funds entering each quarter: 6 → 13 → 11 → 20. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 77% veterans vs 15% newcomers

■ 77% veterans ■ 8% 1-2yr ■ 15% new
Entry-cohort mix of 66 holders: 51 (77%) are 2+ year veterans, 5 entered 1–2 years ago, and 10 (15%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 7% AUM from top-100

7% from top-100 AUM funds
8 of 60 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.5
out of 10
Low Exit Risk
Exit risk score 2.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TBT

In 2026 Q2, 38 hedge funds were net buyers of TBT (20 opened a new position, 18 added to an existing one), while 17 reduced or exited (7 trimmed, 10 sold completely) — a 69% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 60.

Hedge Fund Ownership: TBT

How many hedge funds hold TBT — quarterly history vs. share price
Quarterly hedge fund ownership of TBT vs. share price

Market Analysis: TBT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TBT

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: TBT
60 + Investors

Track Smart Money conviction in TBT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 60 50 20.0%
13F Shares 4M 3M 13.3%
Total Value $133M $118M 12.75%
New Positions 20 11 +9
Increased Positions 16 9 +7
Closed Positions 10 16 -6
Reduced Positions 6 12 -6
Total Calls 3 3 -
Total Puts 3 3 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: TBT

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Short Ratio (Days to Cover) --
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Financial Highlights

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Institutional Holders (2026 Q2)

60 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TBT. Verified SEC 13F-HR filings.

QUARTER:
Top 25 TBT holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Camelot Technology Advisors, INC. 0.54% 22,847 $798K
2 Proficio Capital Partners LLC 0.43% 343,893 $12.0M
3 Camarda Financial Advisors, LLC 0.40% 38,181 $1.3M
4 Verity Asset Management, Inc. 0.35% 26,285 $918K
5 CastleKnight Management LP 0.33% 706,549 $24.7M
6 Auour Investments LLC 0.13% 13,001 $454K
7 Virtue Capital Management, LLC 0.10% 21,019 $734K
8 Weinberger Asset Management, Inc 0.09% 7,390 $282K
9 Gables Capital Management INC. 0.06% 5,018 $175K
10 WealthPlan Investment Management, LLC 0.05% 30,000 $1.0M
11 Prelude Capital Management, LLC 0.04% 17,280 $604K
12 Essex LLC 0.04% 7,796 $272K
13 J. Safra Sarasin Holding AG 0.04% 79,292 $2.8M
14 Compass Wealth Management LLC 0.04% 6,000 $210K
15 Capital Investment Counsel, Inc 0.03% 8,600 $300K
16 Glen Eagle Advisors, LLC 0.02% 4,375 $153K
17 Jefferies Financial Group Inc. 0.02% 80,083 $2.8M
18 Empowered Funds, LLC 0.01% 81,472 $2.8M
19 Gts Securities LLC 0.01% 14,091 $492K
20 Quarry LP 0.01% 2,800 $98K
21 Strategic Investment Solutions, Inc. /IL 0.01% 1,000 $35K
22 Boothbay Fund Management, LLC 0.00% 7,470 $261K
23 Susquehanna International Group, LLP 0.00% 685,023 $23.9M
24 Citadel Advisors LLC 0.00% 440,700 $15.4M
25 SHP Wealth Management 0.00% 567 $20K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Proshares Tr (TBT)

What does the Smart Money Trend signal show for TBT?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added TBT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TBT?

More buyers than sellers — 69% buying: Last quarter: 38 funds were net buyers (20 opened a brand new position + 18 added to an existing one). Only 17 were sellers (7 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TBT holders?

Smaller funds dominant — 7% AUM from top-100: 8 of 60 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TBT?

62% of holders stayed for 2+ years: 37 out of 60 hedge funds have held TBT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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