Direxion Daily Financial Bear 3x ETF
31 hedge funds and large institutions have $67.9M invested in Direxion Daily Financial Bear 3x ETF in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
11% more funds holding
Funds holding: 28 → 31 (+3)
4.03% less ownership
Funds ownership: 22.25% → 18.22% (-4%)
20% less capital invested
Capital invested by funds: $85.1M → $67.9M (-$17.2M)
41% less call options, than puts
Call options by funds: $6.18M | Put options by funds: $10.4M
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$4.29M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.01M |
| 3 |
Citigroup
New York
|
+$739K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$698K |
| 5 |
QC
QCM Cayman
Houston,
Texas
|
+$229K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$13.7M |
| 2 |
SGH
Schonfeld Group Holdings
Jericho,
New York
|
-$1.25M |
| 3 |
VF
Virtu Financial
New York
|
-$537K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$484K |
| 5 |
Two Sigma Investments
New York
|
-$339K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CLOS
26
Compagnie Lombard Odier SCmA
1204 Geneva,
Switzerland
| $2K | +$77 | +5 | +4% |
|
27
Morgan Stanley
New York
| $1K | -$53.1K | -2,706 | -98% |
|
|
WCMN
28
Westchester Capital Management (Nebraska)
Omaha,
Nebraska
| $1K | – | – | – |
|
29
Walleye Trading
New York
| $103 | +$103 | +5,820 | New |
|
|
SGH
30
Schonfeld Group Holdings
Jericho,
New York
| – | -$1.25M | -64,400 | Closed |
|
|
31
Two Sigma Investments
New York
| – | -$339K | -17,383 | Closed |
|
32
Citadel Advisors
Miami,
Florida
| – | -$116K | -5,966 | Closed |
|
33
Wells Fargo
San Francisco,
California
| – | -$97K | -5,000 | Closed |
|
FAZ Hedge Fund Activity: Q2 2014 in Review
31 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q2 2014, worth a combined $67.9M — down 20% from $85.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FAZ positions and 4 closed out — a net gain of 3 holders — while 6 added to existing stakes and 11 trimmed.
The largest buyer was Tower Research Capital (TRC), opening a new position worth an estimated $4.29M. The largest seller was Goldman Sachs, cutting an estimated $13.7M.
- 31 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q2 2014, up from 28 in Q1 2014.
- Funds reported $67.9M of Direxion Daily Financial Bear 3x ETF stock for Q2 2014, down 20% quarter-over-quarter.
- 7 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q2 2014 and 4 closed out, a net change of +3 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q2 2014 was Tower Research Capital (TRC), an estimated $4.29M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q2 2014 was Goldman Sachs, an estimated $13.7M sold.
Based on aggregated 13F filings for Q2 2014.