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FAZ

Direxion Daily Financial Bear 3x ETF

29 hedge funds and large institutions have $79.8M invested in Direxion Daily Financial Bear 3x ETF in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.43% more ownership

Funds ownership: 16.02%19.45% (+3.4%)

6% less funds holding

Funds holding: 3129 (-2)

11% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 9

18% less capital invested

Capital invested by funds: $97M → $79.8M (-$17.2M)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

44% less call options, than puts

Call options by funds: $12.4M | Put options by funds: $22.1M

Holders
29
Holders Change
-2
Holders Change %
-6.45%
% of All Funds
0.84%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.06%
New
6
Increased
8
Reduced
9
Closed
8
Calls
$12.4M
Puts
$22.1M
Net Calls
-$9.72M
Net Calls Change
-$11.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$21.5M +$7.91M +367,724 +58%
Citigroup
2
Citigroup
New York
$19.1M +$827K +38,494 +5%
CS
3
Credit Suisse
Switzerland
$17.5M +$407K +18,918 +2%
TRCT
4
Tower Research Capital (TRC)
New York
$6.04M +$3.07M +142,880 +104%
Deutsche Bank
5
Deutsche Bank
Germany
$3.82M
Morgan Stanley
6
Morgan Stanley
New York
$2.67M +$1.34M +62,466 +101%
BNP Paribas Financial Markets
7
BNP Paribas Financial Markets
France
$1.65M +$789K +36,700 +92%
VF
8
Virtu Financial
New York
$1.63M -$231K -10,759 -12%
CA
9
Commerzbank Aktiengesellschaft
Germany
$1.44M -$74.3K -3,151 -5%
Susquehanna International Group
10
Susquehanna International Group
Pennsylvania
$1.28M -$1.61M -75,120 -56%
VKH
11
Virtu KCG Holdings
New York
$1.06M -$481K -22,364 -31%
IA
12
Icon Advisers
Colorado
$507K +$507K +23,600 New
Barclays
13
Barclays
United Kingdom
$429K +$387K +18,423 +914%
AC
14
Altus Capital
Ohio
$327K -$899K -41,875 -73%
BC
15
BMI Capital
New York
$273K -$21K -979 -7%
Wells Fargo
16
Wells Fargo
California
$202K +$202K +9,375 New
FMA
17
FNY Managed Accounts
New York
$123K +$123K +5,700 New
Bank of America
18
Bank of America
North Carolina
$109K +$75.5K +3,523 +225%
U
19
UBS
Switzerland
$82K -$192K -8,954 -70%
Northwestern Mutual Wealth Management
20
Northwestern Mutual Wealth Management
Wisconsin
$7K +$7K +340 New
Walleye Trading
21
Walleye Trading
New York
$6K -$199K -9,799 -97%
MFS
22
MSI Financial Services
Massachusetts
$5K -$5K -250 -50%
HI
23
Hudock Inc
Pennsylvania
$3K
CLOS
24
Compagnie Lombard Odier SCmA
Switzerland
$3K +$3K +125 New
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$2K

FAZ Hedge Fund Activity: Q4 2013 in Review

29 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q4 2013, worth a combined $79.8M — down 18% from $97M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of FAZ and 6 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 8 added.

The largest buyer was Goldman Sachs, adding an estimated $7.91M. The largest seller was Susquehanna International Group, cutting an estimated $1.61M.

  • 29 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q4 2013, down from 31 in Q3 2013.
  • Funds reported $79.8M of Direxion Daily Financial Bear 3x ETF stock for Q4 2013, down 18% quarter-over-quarter.
  • 6 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q4 2013 and 8 closed out, a net change of -2 holders.
  • The largest Direxion Daily Financial Bear 3x ETF buyer in Q4 2013 was Goldman Sachs, an estimated $7.91M added.
  • The largest Direxion Daily Financial Bear 3x ETF seller in Q4 2013 was Susquehanna International Group, an estimated $1.61M sold.

Based on aggregated 13F filings for Q4 2013.