Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
23 hedge funds and large institutions have $12M invested in Direxion Daily Financial Bear 3x ETF in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 6 closing their positions.
157% more call options, than puts
Call options by funds: $8.11M | Put options by funds: $3.15M
0.04% less ownership
Funds ownership: 1.25% → 1.21% (-0.04%)
0% less capital invested
Capital invested by funds: $12M → $12M (-$48.5K)
8% less funds holding
Funds holding: 25 → 23 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$4.36M |
| 2 |
VF
Virtu Financial
New York
|
+$392K |
| 3 |
Squarepoint
New York
|
+$383K |
| 4 |
FIA
FNY Investment Advisers
New York
|
+$214K |
| 5 |
HW
Hamilton Wealth
Encino,
California
|
+$129K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
-$942K |
| 2 |
TSS
Two Sigma Securities
New York
|
-$562K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$318K |
| 4 |
Jane Street
New York
|
-$187K |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
-$152K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Wolverine Trading
Chicago,
Illinois
| – | -$152K | -2,596 | Closed |
|
|
HT
27
Headlands Technologies
Chicago,
Illinois
| – | -$73.2K | -1,301 | Closed |
|
|
NA
28
Nordwand Advisors
Radnor,
Pennsylvania
| – | -$5.63K | -100 | Closed |
|
29
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$1.21K | -22 | Closed |
|
FAZ Hedge Fund Activity: Q2 2025 in Review
23 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q2 2025, worth a combined $12M — down 0.4% from $12M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FAZ and 5 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 5 added.
The largest buyer was Citadel Advisors, adding an estimated $4.36M. The largest seller was Quadrature Capital, exiting entirely with an estimated $942K sold.
- 23 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q2 2025, down from 25 in Q1 2025.
- Funds reported $12M of Direxion Daily Financial Bear 3x ETF stock for Q2 2025, down 0.4% quarter-over-quarter.
- 5 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q2 2025 and 6 closed out, a net change of -1 holder.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q2 2025 was Citadel Advisors, an estimated $4.36M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q2 2025 was Quadrature Capital, an estimated $942K sold.
Based on aggregated 13F filings for Q2 2025.