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FAZ

Direxion Daily Financial Bear 3x ETF

22 hedge funds and large institutions have $13.2M invested in Direxion Daily Financial Bear 3x ETF in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 3

96% more call options, than puts

Call options by funds: $30.7M | Put options by funds: $15.7M

1.48% less ownership

Funds ownership: 9.65%8.17% (-1.5%)

4% less funds holding

Funds holding: 2322 (-1)

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

25% less capital invested

Capital invested by funds: $17.6M → $13.2M (-$4.46M)

Holders
22
Holders Change
-1
Holders Change %
-4.35%
% of All Funds
0.43%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
8
Reduced
3
Closed
5
Calls
$30.7M
Puts
$15.7M
Net Calls
+$15M
Net Calls Change
+$5.13M
Name Holding Trade Value Shares
Change
Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$3.22M +$40.9K +1,474 +1%
Citadel Advisors
2
Citadel Advisors
Florida
$3.07M -$2.75M -99,313 -47%
Morgan Stanley
3
Morgan Stanley
New York
$2.64M +$1.33M +48,150 +102%
Susquehanna International Group
4
Susquehanna International Group
Pennsylvania
$1.69M -$204K -7,350 -11%
Jane Street
5
Jane Street
New York
$1M +$510K +18,396 +103%
WAM
6
Wolverine Asset Management
Illinois
$578K +$297K +10,740 +106%
Wolverine Trading
7
Wolverine Trading
Illinois
$413K +$413K +14,757 New
Simplex Trading
8
Simplex Trading
Illinois
$277K +$159K +5,742 +135%
VF
9
Virtu Financial
New York
$230K +$28.3K +1,023 +14%
TRCT
10
Tower Research Capital (TRC)
New York
$27K +$18.8K +691 +227%
UBS Group
11
UBS Group
Switzerland
$21K +$21K +754 New
CIAS
12
Capital Investment Advisory Services
North Carolina
$7K -$30.6K -1,050 -81%
JPLA
13
Joseph P. Lucia & Associates
New York
$4K
JP Morgan Chase
14
JP Morgan Chase
New York
$4K +$148 +5 +4%
SFS
15
Sowell Financial Services
Arkansas
$3K +$3K +96 New
GI
16
Gradient Investments
Minnesota
$1K
RE
17
RBC Europe
United Kingdom
$55
FDCDDQ
18
Federation des caisses Desjardins du Quebec
Quebec, Canada
$28
TCM
19
Tuttle Capital Management
Connecticut
-$597K -15,922 Closed
TSS
20
Two Sigma Securities
New York
-$357K -10,311 Closed
Barclays
21
Barclays
United Kingdom
-$22.7K -687 Closed
US Bancorp
22
US Bancorp
Minnesota
-$1K -30 Closed

FAZ Hedge Fund Activity: Q4 2019 in Review

22 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q4 2019, worth a combined $13.2M — down 25% from $17.6M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of FAZ and 4 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 8 added.

The largest buyer was Morgan Stanley, adding an estimated $1.33M. The largest seller was Citadel Advisors, cutting an estimated $2.75M.

  • 22 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q4 2019, down from 23 in Q3 2019.
  • Funds reported $13.2M of Direxion Daily Financial Bear 3x ETF stock for Q4 2019, down 25% quarter-over-quarter.
  • 4 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q4 2019 and 5 closed out, a net change of -1 holder.
  • The largest Direxion Daily Financial Bear 3x ETF buyer in Q4 2019 was Morgan Stanley, an estimated $1.33M added.
  • The largest Direxion Daily Financial Bear 3x ETF seller in Q4 2019 was Citadel Advisors, an estimated $2.75M sold.

Based on aggregated 13F filings for Q4 2019.