Direxion Daily Financial Bear 3x ETF
FAZ
25 hedge funds and large institutions have $18.9M invested in Direxion Daily Financial Bear 3x ETF in 2026 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 9 closing their positions.
229% more call options, than puts
Call options by funds: $27.7M | Put options by funds: $8.4M
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
3.75% less ownership
Funds ownership: 22.37% → 18.62% (-3.8%)
14% less funds holding
Funds holding: 29 → 25 (-4)
31% less capital invested
Capital invested by funds: $27.6M → $18.9M (-$8.67M)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.64M |
| 2 |
GS
GTS Securities
Miami,
Florida
|
+$1.47M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
+$1.3M |
| 4 |
XT
XTX Topco
George Town,
Cayman Islands
|
+$919K |
| 5 |
TSS
Two Sigma Securities
New York
|
+$566K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$6.16M |
| 2 |
GCM
Gunderson Capital Management
Mt. Pleasant,
South Carolina
|
-$4.97M |
| 3 |
Goldman Sachs
New York
|
-$422K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$412K |
| 5 |
Jane Street
New York
|
-$363K |
FAZ Hedge Fund Activity: Q2 2026 in Review
25 of the 8,330 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q2 2026, worth a combined $18.9M — down 31% from $27.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FAZ and 5 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was Susquehanna International Group, adding an estimated $4.64M. The largest seller was Citadel Advisors, cutting an estimated $6.16M.
- 25 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q2 2026, down from 29 in Q1 2026.
- Funds reported $18.9M of Direxion Daily Financial Bear 3x ETF stock for Q2 2026, down 31% quarter-over-quarter.
- 5 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q2 2026 and 9 closed out, a net change of -4 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q2 2026 was Susquehanna International Group, an estimated $4.64M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q2 2026 was Citadel Advisors, an estimated $6.16M sold.
Based on aggregated 13F filings for Q2 2026.