Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
22 hedge funds and large institutions have $47M invested in Direxion Daily Financial Bear 3x ETF in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 11 closing their positions.
0.01% less ownership
Funds ownership: 0.05% → 0.04% (-0.01%)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
24% less funds holding
Funds holding: 29 → 22 (-7)
30% less capital invested
Capital invested by funds: $66.8M → $47M (-$19.8M)
39% less call options, than puts
Call options by funds: $28.4M | Put options by funds: $46.4M
64% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$4.12M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.5M |
| 3 |
Two Sigma Advisers
New York
|
+$1.33M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.28M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$766K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$7.68M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$4.95M |
| 3 |
Goldman Sachs
New York
|
-$3.16M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
-$885K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$677K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
26
Carroll Financial Associates
Charlotte,
North Carolina
| $1K | – | – | – |
|
|
CLOS
27
Compagnie Lombard Odier SCmA
1204 Geneva,
Switzerland
| $1K | – | – | – |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | – | – | – |
|
|
29
Wolverine Trading
Chicago,
Illinois
| – | -$885K | -67 | Closed |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| – | -$677K | -45 | Closed |
|
31
Simplex Trading
Chicago,
Illinois
| – | -$507K | -34 | Closed |
|
|
WAS
32
Winch Advisory Services
Appleton,
Wisconsin
| – | -$517K | -34 | Closed |
|
|
GP
33
GLG Partners
London,
United Kingdom
| – | -$221K | -15 | Closed |
|
|
SPC
34
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$232K | -15 | Closed |
|
35
Barclays
London,
United Kingdom
| – | -$145K | -11 | Closed |
|
|
CG
36
Cutler Group
San Francisco,
California
| – | -$132K | -10 | Closed |
|
37
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$59K | -4 | Closed |
|
|
MLM
38
Mount Lucas Management
Newtown,
Pennsylvania
| – | -$38K | -3 | Closed |
|
FAZ Hedge Fund Activity: Q3 2016 in Review
22 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2016, worth a combined $47M — down 30% from $66.8M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FAZ and 4 opened new positions — a net loss of 7 holders — while 8 trimmed existing stakes and 7 added.
The largest buyer was Two Sigma Investments, adding an estimated $4.12M. The largest seller was Timber Hill, cutting an estimated $7.68M.
- 22 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2016, down from 29 in Q2 2016.
- Funds reported $47M of Direxion Daily Financial Bear 3x ETF stock for Q3 2016, down 30% quarter-over-quarter.
- 4 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2016 and 11 closed out, a net change of -7 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2016 was Two Sigma Investments, an estimated $4.12M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2016 was Timber Hill, an estimated $7.68M sold.
Based on aggregated 13F filings for Q3 2016.