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FAZ

Direxion Daily Financial Bear 3x ETF
FAZ

28 hedge funds and large institutions have $27.8M invested in Direxion Daily Financial Bear 3x ETF in 2017 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

197% more call options, than puts

Call options by funds: $11.8M | Put options by funds: $3.97M

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

50% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 4

17% more funds holding

Funds holding: 24 → 28 (+4)

1.09% more ownership

Funds ownership: 13.55% → 14.64% (+1.1%)

2% more capital invested

Capital invested by funds: $27.3M → $27.8M (+$437K)

Holders
28
Holders Change
+4
Holders Change %
+16.67%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
6
Reduced
4
Closed
5
Calls
$11.8M
Puts
$3.97M
Net Calls
+$7.8M
Net Calls Change
-$594K

Top Buyers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
+$2.92M
2
Morgan Stanley
Morgan Stanley
New York
+$2.66M
3
SG Americas Securities
SG Americas Securities
New York
+$1.61M
4
Citigroup
Citigroup
New York
+$1.46M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$1.24M

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.63M
2
TRCT
Tower Research Capital (TRC)
New York
-$1.2M
3
Jane Street
Jane Street
New York
-$582K
4
Citadel Advisors
Citadel Advisors
Florida
-$392K
5
HCM
Highlander Capital Management
New Jersey
-$219K
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$8.34M -$35K -2,400 -0.4%
Citigroup
2
Citigroup
New York
$7.29M +$1.46M +100,100 +25%
CS
3
Credit Suisse
Switzerland
$2.92M +$2.92M +200,000 New
Morgan Stanley
4
Morgan Stanley
New York
$2.72M +$2.66M +182,326 +4,560%
SG Americas Securities
5
SG Americas Securities
New York
$2.19M +$1.61M +110,200 +277%
Balyasny Asset Management
6
Balyasny Asset Management
Illinois
$1.24M +$1.24M +85,000 New
Two Sigma Investments
7
Two Sigma Investments
New York
$1.13M +$1.13M +77,275 New
TRCT
8
Tower Research Capital (TRC)
New York
$529K -$1.2M -81,273 -69%
VF
9
Virtu Financial
New York
$518K +$274K +18,829 +113%
FCI
10
Financial Counselors Inc
Kansas
$227K +$227K +15,600 New
HCM
11
Hengehold Capital Management
Ohio
$175K – – –
Jane Street
12
Jane Street
New York
$151K -$582K -39,992 -79%
Nomura Holdings
13
Nomura Holdings
Japan
$146K +$146K +10,000 New
HCM
14
Highlander Capital Management
New Jersey
$73K -$219K -15,000 -75%
WAM
15
Wolverine Asset Management
Illinois
$72K +$61.2K +4,200 +568%
CG
16
Cutler Group
California
$32K +$32K +2,200 New
Barclays
17
Barclays
United Kingdom
$16K +$16K +1,083 New
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$6K – – –
Simplex Trading
19
Simplex Trading
Illinois
$6K +$6K +429 New
US Bancorp
20
US Bancorp
Minnesota
$2K – – –
MWM
21
Mascoma Wealth Management
New Hampshire
$1K +$1K +42 New
FDCDDQ
22
Federation des caisses Desjardins du Quebec
Quebec, Canada
$277 – – –
Walleye Trading
23
Walleye Trading
New York
$250 +$235 +16,100 +1,565%
RE
24
RBC Europe
United Kingdom
$146 +$146 +10 New
Susquehanna International Group
25
Susquehanna International Group
Pennsylvania
– -$4.63M -288,398 Closed
1
2

FAZ Hedge Fund Activity: Q3 2017 in Review

28 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2017, worth a combined $27.8M — up 1.6% from $27.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FAZ positions and 5 closed out — a net gain of 5 holders — while 6 added to existing stakes and 4 trimmed.

The largest buyer was Credit Suisse, opening a new position worth an estimated $2.92M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $4.63M sold.

  • 28 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2017, up from 24 in Q2 2017.
  • Funds reported $27.8M of Direxion Daily Financial Bear 3x ETF stock for Q3 2017, up 1.6% quarter-over-quarter.
  • 10 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2017 and 5 closed out, a net change of +5 holders.
  • The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2017 was Credit Suisse, an estimated $2.92M added.
  • The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2017 was Susquehanna International Group, an estimated $4.63M sold.

Based on aggregated 13F filings for Q3 2017.