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FAZ

Direxion Daily Financial Bear 3x ETF
FAZ

25 hedge funds and large institutions have $49.6M invested in Direxion Daily Financial Bear 3x ETF in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 4 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 4

6% more capital invested

Capital invested by funds: $47M → $49.6M (+$2.6M)

3.94% more ownership

Funds ownership: 14.57% → 18.51% (+3.9%)

6% more call options, than puts

Call options by funds: $18M | Put options by funds: $17M

14% less funds holding

Funds holding: 29 → 25 (-4)

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7

Holders
25
Holders Change
-4
Holders Change %
-13.79%
% of All Funds
0.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
12
Reduced
4
Closed
7
Calls
$18M
Puts
$17M
Net Calls
+$1.04M
Net Calls Change
+$19M

Top Buyers

Rank Fund Capital Flow
1
TH
Timber Hill
Connecticut
+$5.88M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$5.45M
3
CS
Credit Suisse
Switzerland
+$2.17M
4
Citigroup
Citigroup
New York
+$2.17M
5
Two Sigma Advisers
Two Sigma Advisers
New York
+$1.65M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$1.4M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$1.09M
3
HighTower Advisors
HighTower Advisors
Illinois
-$635K
4
TSS
Two Sigma Securities
New York
-$387K
5
CA
Commerzbank Aktiengesellschaft
Germany
-$305K
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$12.5M +$59.4K +2,734 +0.5%
Susquehanna International Group
2
Susquehanna International Group
Pennsylvania
$7.1M +$5.45M +251,094 +331%
TH
3
Timber Hill
Connecticut
$6.21M +$5.88M +270,560 +1,788%
CS
4
Credit Suisse
Switzerland
$4.95M +$2.17M +100,000 +78%
Citigroup
5
Citigroup
New York
$4.14M +$2.17M +100,000 +110%
Two Sigma Advisers
6
Two Sigma Advisers
New York
$2.86M +$1.65M +76,100 +137%
Two Sigma Investments
7
Two Sigma Investments
New York
$2.78M -$189K -8,720 -6%
BNP Paribas Financial Markets
8
BNP Paribas Financial Markets
France
$2.48M -$1.09M -50,000 -30%
Bank of America
9
Bank of America
North Carolina
$1.98M +$543K +25,000 +38%
VF
10
Virtu Financial
New York
$1.4M +$1.4M +64,634 New
TRCT
11
Tower Research Capital (TRC)
New York
$939K +$939K +43,248 New
VKH
12
Virtu KCG Holdings
New York
$814K +$567K +26,086 +229%
Citadel Advisors
13
Citadel Advisors
Florida
$642K +$140K +6,464 +28%
Jane Street
14
Jane Street
New York
$208K -$1.4M -64,239 -87%
UBS Group
15
UBS Group
Switzerland
$205K +$146K +6,708 +247%
Creative Planning
16
Creative Planning
Kansas
$136K -$32.5K -1,500 -19%
Morgan Stanley
17
Morgan Stanley
New York
$79K +$21.2K +980 +37%
Barclays
18
Barclays
United Kingdom
$61K +$61K +2,819 New
US Bancorp
19
US Bancorp
Minnesota
$25K +$21.7K +1,000 +658%
SEI Investments
20
SEI Investments
Pennsylvania
$8K – – –
LTFS
21
Ladenburg Thalmann Financial Services
Florida
$6K – – –
FANJ
22
Financial Architects (New Jersey)
New Jersey
$2K – – –
CLOS
23
Compagnie Lombard Odier SCmA
Switzerland
$1K – – –
HighTower Advisors
24
HighTower Advisors
Illinois
– -$635K -19,935 Closed
TSS
25
Two Sigma Securities
New York
– -$387K -12,168 Closed
1
2

FAZ Hedge Fund Activity: Q4 2016 in Review

25 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q4 2016, worth a combined $49.6M — up 5.5% from $47M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of FAZ and 3 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 12 added.

The largest buyer was Timber Hill, adding an estimated $5.88M. The largest seller was Jane Street, cutting an estimated $1.4M.

  • 25 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q4 2016, down from 29 in Q3 2016.
  • Funds reported $49.6M of Direxion Daily Financial Bear 3x ETF stock for Q4 2016, up 5.5% quarter-over-quarter.
  • 3 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q4 2016 and 7 closed out, a net change of -4 holders.
  • The largest Direxion Daily Financial Bear 3x ETF buyer in Q4 2016 was Timber Hill, an estimated $5.88M added.
  • The largest Direxion Daily Financial Bear 3x ETF seller in Q4 2016 was Jane Street, an estimated $1.4M sold.

Based on aggregated 13F filings for Q4 2016.