Direxion Daily Financial Bear 3x ETF
16 hedge funds and large institutions have $7.75M invested in Direxion Daily Financial Bear 3x ETF in 2025 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 12 closing their positions.
17% more call options, than puts
Call options by funds: $15.1M | Put options by funds: $12.9M
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
0.44% less ownership
Funds ownership: 1.21% → 0.77% (-0.44%)
30% less funds holding
Funds holding: 23 → 16 (-7)
35% less capital invested
Capital invested by funds: $12M → $7.75M (-$4.24M)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.17M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$612K |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$493K |
| 4 |
Jane Street
New York
|
+$406K |
| 5 |
SS
SBI Securities
Tokyo,
Japan
|
+$11K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$2.39M |
| 2 |
Squarepoint
New York
|
-$959K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$867K |
| 4 |
Group One Trading
Chicago,
Illinois
|
-$481K |
| 5 |
IMC Chicago
Chicago,
Illinois
|
-$437K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GS
26
GTS Securities
New York
| – | -$50.2K | -1,143 | Closed |
|
|
EWM
27
Empirical Wealth Management
Seattle,
Washington
| – | -$43.9K | -1,000 | Closed |
|
28
Osaic Holdings
Scottsdale,
Arizona
| – | -$6.58K | -150 | Closed |
|
29
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$5.42K | -120 | Closed |
|
FAZ Hedge Fund Activity: Q3 2025 in Review
16 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2025, worth a combined $7.75M — down 35% from $12M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FAZ and 5 opened new positions — a net loss of 7 holders — while 5 trimmed existing stakes and 5 added.
The largest buyer was UBS Group, adding an estimated $1.17M. The largest seller was Citadel Advisors, cutting an estimated $2.39M.
- 16 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2025, down from 23 in Q2 2025.
- Funds reported $7.75M of Direxion Daily Financial Bear 3x ETF stock for Q3 2025, down 35% quarter-over-quarter.
- 5 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2025 and 12 closed out, a net change of -7 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2025 was UBS Group, an estimated $1.17M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2025 was Citadel Advisors, an estimated $2.39M sold.
Based on aggregated 13F filings for Q3 2025.