TBT — PROSHARES TR PSHS ULTSH 20YRS

Ownership history in Gruss & Co., LLC · 31 quarters on record

This page tracks every 13F SEC filing in which Gruss & Co., LLC reported a position in PROSHARES TR PSHS ULTSH 20YRS (TBT). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price — sourced directly from SEC EDGAR 13F filings.

🏔 Peak position

15.74% (2022 Q3)

📊 Avg. % of fund

4.74%

📅 First filed

2012 Q4

📅 Last filed

2025 Q3

⏱ Quarters held

Position Intelligence

Gruss & Co., LLC × TBT AI Analytics

📉 Gruss & Co., LLC underperformed the S&P 500 by –24.4% annually on this TBT position. Timing score: 30% (7/23 decisions correct). Average cost basis: $59.55. Maximum drawdown during holding period: –78.6%.

📈 Position Alpha vs SPY

-24.4%

annualised excess return

❌ Significantly underperformed the S&P 500 by 24.4% ann.
30 quarters analyzed

⏱️ Timing Score

30%

⚠️ Poor timing — buys often preceded drops, trims preceded rallies.
7 of 23 add/trim decisions correct

💰 Entry Quality

$59.55

-43.8% vs current ($33.48)

Best entry: $16.00 (2021 Q3) · Worst: $66.81 (2013 Q4)

🛡️ Drawdown Resilience

–78.6%

max drawdown while held

💪 Held through 1 major drawdown (>20%). Strong conviction under pressure.

💪 Fund Conviction

43%

buy-side decisions

10 adds · 13 trims. Bought during 5 of 15 down-price quarters. 📉 Predominantly trimming — distribution phase.

📡 Position Trajectory

↓ Shrinking

last 4–5 quarters trend

📉 Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 0.88% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return × 4 (annualised). Not investment advice.

% of Fund (quarterly) TBT price (monthly, adj. close)

📋 Quarterly Holdings History 10 quarters ▾

Quarter	Action	Shares	Change	Chg %	% of Fund	Mkt Value	Price (EOQ)
2025 Q3	UNCHANGED	10,000	—	0%	0.88%	$338K	$33.48
2025 Q2	UNCHANGED	10,000	—	0%	1.64%	$351K	$34.48
2025 Q1	REDUCED	10,000	-5,000	-33.3%	1.47%	$336K	$32.82
2024 Q4	UNCHANGED	15,000	—	0%	2.35%	$549K	$35.46
2024 Q3	REDUCED	15,000	-2,500	-14.3%	3.53%	$447K	$28.48
2024 Q2	UNCHANGED	17,500	—	0%	3.27%	$603K	$32.49
2024 Q1	UNCHANGED	17,500	—	0%	3.18%	$577K	$30.63
2023 Q4	UNCHANGED	17,500	—	0%	4.09%	$528K	$27.77
2023 Q3	REDUCED	17,500	-7,500	-30.0%	5.81%	$686K	$35.45
2023 Q2	REDUCED	25,000	-10,000	-28.6%	4.46%	$735K	$26.35

🏢 Other funds also holding TBT

As of 2025 Q4 — sorted by position size

CAMELOT TECHNOLOGY ADVISORS, INC. 0.59% Camarda Financial Advisors, LLC 3Y 7Y 0.57% Verity Asset Management, Inc. 3Y 7Y 0.55% Client First Investment Management LLC 0.5% CastleKnight Management LP 3Y 0.47% Auour Investments LLC 0.11% CastleKnight Management LP 3Y 0.08% GABLES CAPITAL MANAGEMENT INC. 3Y 7Y 0.07% Virtue Capital Management, LLC 3Y 7Y 0.06% SIG BROKERAGE, LP 0.05%

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TBT — PROSHARES TR PSHS ULTSH 20YRS

Position Intelligence

🏢 Other funds also holding TBT

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