Direxion Daily Financial Bear 3x ETF
FAZ
28 hedge funds and large institutions have $85.1M invested in Direxion Daily Financial Bear 3x ETF in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 9 closing their positions.
7% more capital invested
Capital invested by funds: $79.8M → $85.1M (+$5.33M)
2.8% more ownership
Funds ownership: 19.45% → 22.25% (+2.8%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
3% less funds holding
Funds holding: 29 → 28 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
57% less call options, than puts
Call options by funds: $8.46M | Put options by funds: $19.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$20.1M |
| 2 |
MCM
McGlinn Capital Management
Wyomissing,
Pennsylvania
|
+$1.95M |
| 3 |
SGH
Schonfeld Group Holdings
Jericho,
New York
|
+$1.25M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$1.04M |
| 5 |
QC
QCM Cayman
Houston,
Texas
|
+$817K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$6.04M |
| 2 |
Citigroup
New York
|
-$3.21M |
| 3 |
Morgan Stanley
New York
|
-$2.38M |
| 4 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$1.44M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$529K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCMN
26
Westchester Capital Management (Nebraska)
Omaha,
Nebraska
| $1K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| – | -$6.04M | -280,919 | Closed |
|
|
CA
28
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
| – | -$1.44M | -61,059 | Closed |
|
|
IA
29
Icon Advisers
Greenwood Village,
Colorado
| – | -$507K | -23,600 | Closed |
|
30
Barclays
London,
United Kingdom
| – | -$445K | -20,438 | Closed |
|
|
AC
31
Altus Capital
Mayfield Heights,
Ohio
| – | -$327K | -15,225 | Closed |
|
|
FMA
32
FNY Managed Accounts
New York
| – | -$123K | -5,700 | Closed |
|
33
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$7K | -340 | Closed |
|
34
Walleye Trading
New York
| – | -$6K | -295 | Closed |
|
|
AIG
35
American International Group
New York
| – | -$108 | -5 | Closed |
|
FAZ Hedge Fund Activity: Q1 2014 in Review
28 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q1 2014, worth a combined $85.1M — up 6.7% from $79.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FAZ and 8 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 7 added.
The largest buyer was Goldman Sachs, adding an estimated $20.1M. The largest seller was Tower Research Capital (TRC), exiting entirely with an estimated $6.04M sold.
- 28 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q1 2014, down from 29 in Q4 2013.
- Funds reported $85.1M of Direxion Daily Financial Bear 3x ETF stock for Q1 2014, up 6.7% quarter-over-quarter.
- 8 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q1 2014 and 9 closed out, a net change of -1 holder.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q1 2014 was Goldman Sachs, an estimated $20.1M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q1 2014 was Tower Research Capital (TRC), an estimated $6.04M sold.
Based on aggregated 13F filings for Q1 2014.