Direxion Daily Financial Bear 3x ETF
FAZ
31 hedge funds and large institutions have $97M invested in Direxion Daily Financial Bear 3x ETF in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
10% more call options, than puts
Call options by funds: $24.3M | Put options by funds: $22.2M
0% more funds holding
Funds holding: 31 → 31 (0)
8.46% less ownership
Funds ownership: 24.48% → 16.02% (-8.5%)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
33% less capital invested
Capital invested by funds: $146M → $97M (-$48.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.9M |
| 2 |
Citigroup
New York
|
+$6.28M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$4.05M |
| 4 |
VF
Virtu Financial
New York
|
+$2.57M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
+$286K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$21.7M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$19.5M |
| 3 |
Walleye Trading
New York
|
-$5.76M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.12M |
| 5 |
JP Morgan Chase
New York
|
-$964K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
26
MSI Financial Services
Springfield,
Massachusetts
| $14K | +$14K | +500 | New |
|
|
HI
27
Hudock Inc
Williamsport,
Pennsylvania
| $4K | – | – | – |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| $3K | – | – | – |
|
|
WCMN
29
Westchester Capital Management (Nebraska)
Omaha,
Nebraska
| $2K | – | – | – |
|
|
CAM
30
CMT Asset Management
Chicago,
Illinois
| – | -$488K | -14,510 | Closed |
|
|
FNYS
31
First New York Securities
New York
| – | -$252K | -7,500 | Closed |
|
|
FMA
32
FNY Managed Accounts
New York
| – | -$95.1K | -3,000 | Closed |
|
FAZ Hedge Fund Activity: Q3 2013 in Review
31 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2013, worth a combined $97M — down 33% from $146M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FAZ positions and 3 closed out — a net gain of 2 holders — while 8 added to existing stakes and 12 trimmed.
The largest buyer was Credit Suisse, adding an estimated $6.9M. The largest seller was Goldman Sachs, cutting an estimated $21.7M.
- 31 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2013, unchanged from Q2 2013.
- Funds reported $97M of Direxion Daily Financial Bear 3x ETF stock for Q3 2013, down 33% quarter-over-quarter.
- 5 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2013 and 3 closed out, a net change of +2 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2013 was Credit Suisse, an estimated $6.9M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2013 was Goldman Sachs, an estimated $21.7M sold.
Based on aggregated 13F filings for Q3 2013.