Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
24 hedge funds and large institutions have $14.7M invested in Direxion Daily Financial Bear 3x ETF in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 5 closing their positions.
219% more call options, than puts
Call options by funds: $28.3M | Put options by funds: $8.87M
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
14% more funds holding
Funds holding: 21 → 24 (+3)
0.07% less ownership
Funds ownership: 0.94% → 0.86% (-0.07%)
10% less capital invested
Capital invested by funds: $16.3M → $14.7M (-$1.63M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFA
Petra Financial Advisors
Colorado Srpings,
Colorado
|
+$1.19M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.18M |
| 3 |
VF
Virtu Financial
New York
|
+$698K |
| 4 |
Millennium Management
New York
|
+$616K |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$538K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.84M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$2.18M |
| 3 |
Goldman Sachs
New York
|
-$2.06M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.58M |
| 5 |
Jane Street
New York
|
-$1.22M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
26
Credit Suisse
Zurich,
Switzerland
| – | -$2.84M | -14,729 | Closed |
|
|
27
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
| – | -$2.18M | -11,300 | Closed |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| – | -$111K | -575 | Closed |
|
29
JP Morgan Chase
New York
| – | -$91K | -472 | Closed |
|
|
CG
30
Cutler Group
San Francisco,
California
| – | -$20.1K | -108 | Closed |
|
FAZ Hedge Fund Activity: Q1 2023 in Review
24 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q1 2023, worth a combined $14.7M — down 10% from $16.3M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FAZ positions and 5 closed out — a net gain of 4 holders — while 8 added to existing stakes and 3 trimmed.
The largest buyer was Petra Financial Advisors, opening a new position worth an estimated $1.19M. The largest seller was Credit Suisse, exiting entirely with an estimated $2.84M sold.
- 24 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q1 2023, up from 21 in Q4 2022.
- Funds reported $14.7M of Direxion Daily Financial Bear 3x ETF stock for Q1 2023, down 10% quarter-over-quarter.
- 9 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q1 2023 and 5 closed out, a net change of +4 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q1 2023 was Petra Financial Advisors, an estimated $1.19M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q1 2023 was Credit Suisse, an estimated $2.84M sold.
Based on aggregated 13F filings for Q1 2023.