Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
25 hedge funds and large institutions have $12M invested in Direxion Daily Financial Bear 3x ETF in 2025 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 2 reducing their positions, and 3 closing their positions.
500% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 2
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
114% more call options, than puts
Call options by funds: $7.74M | Put options by funds: $3.61M
32% more funds holding
Funds holding: 19 → 25 (+6)
31% more capital invested
Capital invested by funds: $9.18M → $12M (+$2.85M)
0.28% more ownership
Funds ownership: 0.97% → 1.25% (+0.28%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.42M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
+$955K |
| 3 |
Group One Trading
Chicago,
Illinois
|
+$874K |
| 4 |
Squarepoint
New York
|
+$840K |
| 5 |
TSS
Two Sigma Securities
New York
|
+$719K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$1.14M |
| 2 |
PWM
Prosperity Wealth Management
San Ramon,
California
|
-$958K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$270K |
| 4 |
Jane Street
New York
|
-$19K |
| 5 |
Citigroup
New York
|
-$796 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
26
Virtu Financial
New York
| – | -$1.14M | -17,876 | Closed |
|
|
PWM
27
Prosperity Wealth Management
San Ramon,
California
| – | -$958K | -15,046 | Closed |
|
|
28
Citigroup
New York
| – | -$796 | -13 | Closed |
|
29
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$5 | – | – |
|
FAZ Hedge Fund Activity: Q1 2025 in Review
25 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q1 2025, worth a combined $12M — up 31% from $9.18M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FAZ positions and 3 closed out — a net gain of 6 holders — while 12 added to existing stakes and 2 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $1.42M. The largest seller was Virtu Financial, exiting entirely with an estimated $1.14M sold.
- 25 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q1 2025, up from 19 in Q4 2024.
- Funds reported $12M of Direxion Daily Financial Bear 3x ETF stock for Q1 2025, up 31% quarter-over-quarter.
- 9 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q1 2025 and 3 closed out, a net change of +6 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q1 2025 was Susquehanna International Group, an estimated $1.42M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q1 2025 was Virtu Financial, an estimated $1.14M sold.
Based on aggregated 13F filings for Q1 2025.