Direxion Daily Financial Bear 3x ETF
33 hedge funds and large institutions have $60.9M invested in Direxion Daily Financial Bear 3x ETF in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
11% more call options, than puts
Call options by funds: $5.63M | Put options by funds: $5.07M
3% more funds holding
Funds holding: 32 → 33 (+1)
0.1% more ownership
Funds ownership: 23.44% → 23.55% (+0.1%)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
30% less capital invested
Capital invested by funds: $87M → $60.9M (-$26.1M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$4.59M |
| 2 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$1.35M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$889K |
| 4 |
Goldman Sachs
New York
|
+$577K |
| 5 |
Two Sigma Advisers
New York
|
+$575K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$10.8M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.15M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2.03M |
| 4 |
MCM
McGlinn Capital Management
Wyomissing,
Pennsylvania
|
-$1.07M |
| 5 |
Jane Street
New York
|
-$533K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CLOS
26
Compagnie Lombard Odier SCmA
1204 Geneva,
Switzerland
| $2K | -$80 | -5 | -4% |
|
|
HI
27
Hudock Inc
Williamsport,
Pennsylvania
| $2K | – | – | – |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | -$80K | -8,000 | -99% |
|
|
WCMN
29
Westchester Capital Management (Nebraska)
Omaha,
Nebraska
| $1K | – | – | – |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | +$1K | +75 | New |
|
|
AIG
31
American International Group
New York
| $634 | +$634 | +50 | New |
|
|
BRWA
32
B. Riley Wealth Advisors
Boca Raton,
Florida
| $7 | +$7 | +547 | New |
|
|
33
Two Sigma Investments
New York
| – | -$10.8M | -647,600 | Closed |
|
|
34
Jane Street
New York
| – | -$533K | -32,047 | Closed |
|
35
Nomura Holdings
Tokyo,
Japan
| – | -$279K | -16,768 | Closed |
|
36
Walleye Trading
New York
| – | -$203K | -12,184 | Closed |
|
37
Barclays
London,
United Kingdom
| – | -$118K | -7,511 | Closed |
|
FAZ Hedge Fund Activity: Q4 2014 in Review
33 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q4 2014, worth a combined $60.9M — down 30% from $87M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FAZ positions and 7 closed out — a net gain of 3 holders — while 7 added to existing stakes and 10 trimmed.
The largest buyer was Virtu Financial, opening a new position worth an estimated $4.59M. The largest seller was Two Sigma Investments, exiting entirely with an estimated $10.8M sold.
- 33 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q4 2014, up from 32 in Q3 2014.
- Funds reported $60.9M of Direxion Daily Financial Bear 3x ETF stock for Q4 2014, down 30% quarter-over-quarter.
- 10 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q4 2014 and 7 closed out, a net change of +3 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q4 2014 was Virtu Financial, an estimated $4.59M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q4 2014 was Two Sigma Investments, an estimated $10.8M sold.
Based on aggregated 13F filings for Q4 2014.