Direxion Daily Financial Bear 3x ETF
29 hedge funds and large institutions have $79.8M invested in Direxion Daily Financial Bear 3x ETF in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 8 closing their positions.
3.43% more ownership
Funds ownership: 16.02% → 19.45% (+3.4%)
6% less funds holding
Funds holding: 31 → 29 (-2)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
18% less capital invested
Capital invested by funds: $97M → $79.8M (-$17.2M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
44% less call options, than puts
Call options by funds: $12.4M | Put options by funds: $22.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$7.91M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.07M |
| 3 |
Morgan Stanley
New York
|
+$1.34M |
| 4 |
Citigroup
New York
|
+$827K |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$789K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.61M |
| 2 |
AC
Altus Capital
Mayfield Heights,
Ohio
|
-$899K |
| 3 |
QC
QCM Cayman
Houston,
Texas
|
-$648K |
| 4 |
BHA
Beech Hill Advisors
New York
|
-$602K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$481K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCMN
26
Westchester Capital Management (Nebraska)
Omaha,
Nebraska
| $2K | – | – | – |
|
|
AIG
27
American International Group
New York
| $108 | +$108 | +5 | New |
|
|
QC
28
QCM Cayman
Houston,
Texas
| – | -$648K | -21,819 | Closed |
|
|
BHA
29
Beech Hill Advisors
New York
| – | -$602K | -20,249 | Closed |
|
|
VFS
30
VSR Financial Services
Overland Park,
Kansas
| – | -$478K | -16,070 | Closed |
|
31
Nomura Holdings
Tokyo,
Japan
| – | -$471K | -15,852 | Closed |
|
32
JP Morgan Chase
New York
| – | -$470K | -15,808 | Closed |
|
33
Verition Fund Management
Greenwich,
Connecticut
| – | -$259K | -8,691 | Closed |
|
|
TH
34
Timber Hill
Greenwich,
Connecticut
| – | -$203K | -6,834 | Closed |
|
35
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$148K | -5,000 | Closed |
|
FAZ Hedge Fund Activity: Q4 2013 in Review
29 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q4 2013, worth a combined $79.8M — down 18% from $97M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FAZ and 6 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was Goldman Sachs, adding an estimated $7.91M. The largest seller was Susquehanna International Group, cutting an estimated $1.61M.
- 29 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q4 2013, down from 31 in Q3 2013.
- Funds reported $79.8M of Direxion Daily Financial Bear 3x ETF stock for Q4 2013, down 18% quarter-over-quarter.
- 6 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q4 2013 and 8 closed out, a net change of -2 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q4 2013 was Goldman Sachs, an estimated $7.91M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q4 2013 was Susquehanna International Group, an estimated $1.61M sold.
Based on aggregated 13F filings for Q4 2013.