Direxion Daily Financial Bear 3x ETF
32 hedge funds and large institutions have $87M invested in Direxion Daily Financial Bear 3x ETF in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 5 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
59% more call options, than puts
Call options by funds: $10.7M | Put options by funds: $6.78M
28% more capital invested
Capital invested by funds: $67.9M → $87M (+$19.1M)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
5.22% more ownership
Funds ownership: 18.22% → 23.44% (+5.2%)
3% more funds holding
Funds holding: 31 → 32 (+1)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$13.8M |
| 2 |
Two Sigma Investments
New York
|
+$10.8M |
| 3 |
Two Sigma Advisers
New York
|
+$2.07M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.52M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$6.43M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.44M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.33M |
| 4 |
VF
Virtu Financial
New York
|
-$691K |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$269K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $10K | +$10K | +610 | New |
|
|
MFS
27
MSI Financial Services
Springfield,
Massachusetts
| $4K | – | – | – |
|
|
CLOS
28
Compagnie Lombard Odier SCmA
1204 Geneva,
Switzerland
| $2K | – | – | – |
|
|
HI
29
Hudock Inc
Williamsport,
Pennsylvania
| $2K | – | – | – |
|
|
WCMN
30
Westchester Capital Management (Nebraska)
Omaha,
Nebraska
| $1K | – | – | – |
|
|
VF
31
Virtu Financial
New York
| – | -$691K | -38,965 | Closed |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$163K | -9,800 | Closed |
|
|
JT
33
Jump Trading
Chicago,
Illinois
| – | -$27.2K | -2,216 | Closed |
|
|
BRWA
34
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$14.8K | -836 | Closed |
|
|
FTUS
35
Flow Traders U.S.
New York
| – | -$4K | -201 | Closed |
|
FAZ Hedge Fund Activity: Q3 2014 in Review
32 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2014, worth a combined $87M — up 28% from $67.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FAZ positions and 5 closed out — a net gain of 1 holder — while 12 added to existing stakes and 7 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $13.8M. The largest seller was Citigroup, cutting an estimated $6.43M.
- 32 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2014, up from 31 in Q2 2014.
- Funds reported $87M of Direxion Daily Financial Bear 3x ETF stock for Q3 2014, up 28% quarter-over-quarter.
- 6 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2014 and 5 closed out, a net change of +1 holder.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2014 was Goldman Sachs, an estimated $13.8M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2014 was Citigroup, an estimated $6.43M sold.
Based on aggregated 13F filings for Q3 2014.