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FAZ

Direxion Daily Financial Bear 3x ETF

30 hedge funds and large institutions have $23M invested in Direxion Daily Financial Bear 3x ETF in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 4

74% more capital invested

Capital invested by funds: $13.2M → $23M (+$9.8M)

44% more call options, than puts

Call options by funds: $82M | Put options by funds: $56.8M

36% more funds holding

Funds holding: 2230 (+8)

2.27% more ownership

Funds ownership: 8.17%10.44% (+2.3%)

33% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 6

Holders
30
Holders Change
+8
Holders Change %
+36.36%
% of All Funds
0.66%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
14
Increased
4
Reduced
6
Closed
4
Calls
$82M
Puts
$56.8M
Net Calls
+$25.2M
Net Calls Change
+$10.1M
Name Holding Trade Value Shares
Change
Change in
Stake
CG
1
Cutler Group
California
$4.85M +$4.85M +127,848 New
Goldman Sachs
2
Goldman Sachs
New York
$4.36M -$56K -1,474 -1%
Creative Planning
3
Creative Planning
Kansas
$3.52M +$3.52M +92,725 New
Jane Street
4
Jane Street
New York
$1.93M +$548K +14,418 +40%
Barclays
5
Barclays
United Kingdom
$1.42M +$1.42M +37,463 New
Citadel Advisors
6
Citadel Advisors
Florida
$1.06M -$3.15M -83,048 -75%
Wolverine Trading
7
Wolverine Trading
Illinois
$952K +$436K +12,449 +84%
JC
8
Jacobs & Co
California
$949K +$949K +25,000 New
TRCT
9
Tower Research Capital (TRC)
New York
$902K +$864K +22,748 +2,286%
Susquehanna International Group
10
Susquehanna International Group
Pennsylvania
$783K -$1.52M -40,154 -66%
Renaissance Technologies
11
Renaissance Technologies
New York
$721K +$721K +19,000 New
Bank of America
12
Bank of America
North Carolina
$426K +$426K +11,226 New
Morgan Stanley
13
Morgan Stanley
New York
$276K -$3.35M -87,979 -92%
TSS
14
Two Sigma Securities
New York
$238K +$238K +6,264 New
ASN
15
Advisory Services Network
Georgia
$219K +$219K +5,767 New
William Blair & Company
16
William Blair & Company
Illinois
$152K +$152K +4,005 New
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$132K +$132K +3,488 New
OIA
18
Optimum Investment Advisors
Illinois
$47K +$47K +1,246 New
GWS
19
Glassman Wealth Services
Virginia
$18K +$18K +468 New
JP Morgan Chase
20
JP Morgan Chase
New York
$17K +$11.8K +307 +227%
UBS Group
21
UBS Group
Switzerland
$10K -$17.4K -479 -64%
JPLA
22
Joseph P. Lucia & Associates
New York
$6K
Simplex Trading
23
Simplex Trading
Illinois
$3K -$297K -9,897 -99%
GI
24
Gradient Investments
Minnesota
$2K
RE
25
RBC Europe
United Kingdom
$76

FAZ Hedge Fund Activity: Q1 2020 in Review

30 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q1 2020, worth a combined $23M — up 74% from $13.2M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FAZ positions and 4 closed out — a net gain of 10 holders — while 4 added to existing stakes and 6 trimmed.

The largest buyer was Cutler Group, opening a new position worth an estimated $4.85M. The largest seller was Morgan Stanley, cutting an estimated $3.35M.

  • 30 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q1 2020, up from 22 in Q4 2019.
  • Funds reported $23M of Direxion Daily Financial Bear 3x ETF stock for Q1 2020, up 74% quarter-over-quarter.
  • 14 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q1 2020 and 4 closed out, a net change of +10 holders.
  • The largest Direxion Daily Financial Bear 3x ETF buyer in Q1 2020 was Cutler Group, an estimated $4.85M added.
  • The largest Direxion Daily Financial Bear 3x ETF seller in Q1 2020 was Morgan Stanley, an estimated $3.35M sold.

Based on aggregated 13F filings for Q1 2020.