Direxion Daily Financial Bear 3x ETF
FAZ
21 hedge funds and large institutions have $68M invested in Direxion Daily Financial Bear 3x ETF in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 6 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
5% more funds holding
Funds holding: 20 → 21 (+1)
20% less capital invested
Capital invested by funds: $85.1M → $68M (-$17.1M)
40% less call options, than puts
Call options by funds: $6.33M | Put options by funds: $10.5M
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$4.71M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.12M |
| 3 |
Citigroup
New York
|
+$811K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$780K |
| 5 |
QC
QCM Cayman
Houston,
Texas
|
+$249K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$15M |
| 2 |
SGH
Schonfeld Group Holdings
Jericho,
New York
|
-$1.25M |
| 3 |
VF
Virtu Financial
New York
|
-$592K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$530K |
| 5 |
Two Sigma Investments
New York
|
-$339K |
FAZ Hedge Fund Activity: Q2 2014 in Review
21 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q2 2014, worth a combined $68M — down 20% from $85.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FAZ positions and 6 closed out — a net gain of 1 holder — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Tower Research Capital (TRC), opening a new position worth an estimated $4.71M. The largest seller was Goldman Sachs, cutting an estimated $15M.
- 21 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q2 2014, up from 20 in Q1 2014.
- Funds reported $68M of Direxion Daily Financial Bear 3x ETF stock for Q2 2014, down 20% quarter-over-quarter.
- 7 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q2 2014 and 6 closed out, a net change of +1 holder.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q2 2014 was Tower Research Capital (TRC), an estimated $4.71M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q2 2014 was Goldman Sachs, an estimated $15M sold.
Based on aggregated 13F filings for Q2 2014.