Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
21 hedge funds and large institutions have $16.3M invested in Direxion Daily Financial Bear 3x ETF in 2022 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 8 closing their positions.
81% more call options, than puts
Call options by funds: $17.5M | Put options by funds: $9.7M
1.35% less ownership
Funds ownership: 2.28% → 0.94% (-1.3%)
16% less funds holding
Funds holding: 25 → 21 (-4)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
64% less capital invested
Capital invested by funds: $45.9M → $16.3M (-$29.6M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$2.36M |
| 2 |
Jane Street
New York
|
+$1.35M |
| 3 |
Goldman Sachs
New York
|
+$429K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$299K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LAM
LifePro Asset Management
San Diego,
California
|
-$9.51M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.43M |
| 3 |
HF
HRT Financial
New York
|
-$3.32M |
| 4 |
VF
Virtu Financial
New York
|
-$805K |
| 5 |
CWM
Cedar Wealth Management
Walnut Creek,
California
|
-$701K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citadel Advisors
Miami,
Florida
| – | -$223K | -1,070 | Closed |
|
|
HT
27
HAP Trading
New York
| – | -$209K | -1,000 | Closed |
|
|
TSS
28
Two Sigma Securities
New York
| – | -$226K | -755 | Closed |
|
29
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$8K | -27 | Closed |
|
FAZ Hedge Fund Activity: Q4 2022 in Review
21 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q4 2022, worth a combined $16.3M — down 64% from $45.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FAZ and 4 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, opening a new position worth an estimated $2.36M. The largest seller was LifePro Asset Management, cutting an estimated $9.51M.
- 21 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q4 2022, down from 25 in Q3 2022.
- Funds reported $16.3M of Direxion Daily Financial Bear 3x ETF stock for Q4 2022, down 64% quarter-over-quarter.
- 4 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q4 2022 and 8 closed out, a net change of -4 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q4 2022 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $2.36M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q4 2022 was LifePro Asset Management, an estimated $9.51M sold.
Based on aggregated 13F filings for Q4 2022.