Direxion Daily Financial Bear 3x ETF
FAZ
19 hedge funds and large institutions have $14.9M invested in Direxion Daily Financial Bear 3x ETF in 2025 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 5 closing their positions.
382% more call options, than puts
Call options by funds: $23.5M | Put options by funds: $4.87M
93% more capital invested
Capital invested by funds: $7.75M → $14.9M (+$7.2M)
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
19% more funds holding
Funds holding: 16 → 19 (+3)
15.68% more ownership
Funds ownership: 0% → 15.68% (+16%)
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
GTS Securities
Miami,
Florida
|
+$2.29M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.82M |
| 3 |
JF
Jump Financial
Chicago,
Illinois
|
+$1.7M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
+$1.6M |
| 5 |
TSS
Two Sigma Securities
New York
|
+$636K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Simplex Trading
Chicago,
Illinois
|
-$360K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$329K |
| 3 |
Group One Trading
Chicago,
Illinois
|
-$125K |
| 4 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
-$48.5K |
| 5 |
Morgan Stanley
New York
|
-$31K |
FAZ Hedge Fund Activity: Q4 2025 in Review
19 of the 8,280 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q4 2025, worth a combined $14.9M — up 93% from $7.75M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FAZ positions and 5 closed out — a net gain of 3 holders — while 3 added to existing stakes and 6 trimmed.
The largest buyer was GTS Securities, opening a new position worth an estimated $2.29M. The largest seller was Simplex Trading, cutting an estimated $360K.
- 19 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q4 2025, up from 16 in Q3 2025.
- Funds reported $14.9M of Direxion Daily Financial Bear 3x ETF stock for Q4 2025, up 93% quarter-over-quarter.
- 8 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q4 2025 and 5 closed out, a net change of +3 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q4 2025 was GTS Securities, an estimated $2.29M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q4 2025 was Simplex Trading, an estimated $360K sold.
Based on aggregated 13F filings for Q4 2025.