Direxion Daily Financial Bear 3x ETF
23 hedge funds and large institutions have $98.8M invested in Direxion Daily Financial Bear 3x ETF in 2015 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 3 reducing their positions, and 9 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 3
36% more capital invested
Capital invested by funds: $72.6M → $98.8M (+$26.1M)
7.2% more ownership
Funds ownership: 22.42% → 29.62% (+7.2%)
8% less call options, than puts
Call options by funds: $17.2M | Put options by funds: $18.6M
21% less funds holding
Funds holding: 29 → 23 (-6)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$13.1M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$9.65M |
| 3 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$4.84M |
| 4 |
Two Sigma Advisers
New York
|
+$2.35M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$8.27M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.66M |
| 3 |
VF
Virtu Financial
New York
|
-$1.65M |
| 4 |
Morgan Stanley
New York
|
-$1.16M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$611K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citadel Advisors
Miami,
Florida
| – | -$280K | -24,129 | Closed |
|
|
CA
27
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
| – | -$175K | -15,092 | Closed |
|
28
Creative Planning
Overland Park,
Kansas
| – | -$157K | -13,500 | Closed |
|
|
JWA
29
JFS Wealth Advisors
Hermitage,
Pennsylvania
| – | -$116K | -10,000 | Closed |
|
30
Walleye Trading
New York
| – | -$31K | -2,677 | Closed |
|
FAZ Hedge Fund Activity: Q3 2015 in Review
23 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2015, worth a combined $98.8M — up 36% from $72.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FAZ and 4 opened new positions — a net loss of 5 holders — while 3 trimmed existing stakes and 9 added.
The largest buyer was Goldman Sachs, adding an estimated $13.1M. The largest seller was Credit Suisse, exiting entirely with an estimated $8.27M sold.
- 23 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2015, down from 29 in Q2 2015.
- Funds reported $98.8M of Direxion Daily Financial Bear 3x ETF stock for Q3 2015, up 36% quarter-over-quarter.
- 4 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2015 and 9 closed out, a net change of -5 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2015 was Goldman Sachs, an estimated $13.1M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2015 was Credit Suisse, an estimated $8.27M sold.
Based on aggregated 13F filings for Q3 2015.