Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
16 hedge funds and large institutions have $62.2M invested in Direxion Daily Financial Bear 3x ETF in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
14% more funds holding
Funds holding: 14 → 16 (+2)
0.04% less ownership
Funds ownership: 0.09% → 0.05% (-0.04%)
42% less capital invested
Capital invested by funds: $108M → $62.2M (-$45.7M)
63% less call options, than puts
Call options by funds: $29.2M | Put options by funds: $79.7M
75% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$7.15M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
+$1.75M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$1.28M |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$632K |
| 5 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$387K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$36.4M |
| 2 |
Goldman Sachs
New York
|
-$17.9M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$7.91M |
| 4 |
Two Sigma Advisers
New York
|
-$2.43M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VKH
26
Virtu KCG Holdings
New York
| – | -$985K | -60 | Closed |
|
27
Citadel Advisors
Miami,
Florida
| – | -$335K | -20 | Closed |
|
FAZ Hedge Fund Activity: Q1 2016 in Review
16 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q1 2016, worth a combined $62.2M — down 42% from $108M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FAZ positions and 4 closed out — a net gain of 2 holders — while 2 added to existing stakes and 8 trimmed.
The largest buyer was Timber Hill, adding an estimated $7.15M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $36.4M.
- 16 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q1 2016, up from 14 in Q4 2015.
- Funds reported $62.2M of Direxion Daily Financial Bear 3x ETF stock for Q1 2016, down 42% quarter-over-quarter.
- 6 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q1 2016 and 4 closed out, a net change of +2 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q1 2016 was Timber Hill, an estimated $7.15M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q1 2016 was BNP Paribas Financial Markets, an estimated $36.4M sold.
Based on aggregated 13F filings for Q1 2016.