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Direxion Daily Small Cap Bull 3x ETF
TNA

37 hedge funds and large institutions have $187M invested in Direxion Daily Small Cap Bull 3x ETF in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 10

3% more funds holding

Funds holding: 36 → 37 (+1)

6% less capital invested

Capital invested by funds: $199M → $187M (-$12M)

31% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 13

36.1% less ownership

Funds ownership: 77.93% → 41.83% (-36%)

39% less call options, than puts

Call options by funds: $210M | Put options by funds: $344M

Holders
37
Holders Change
+1
Holders Change %
+2.78%
% of All Funds
1.07%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
11
Increased
9
Reduced
13
Closed
10
Calls
$210M
Puts
$344M
Net Calls
-$134M
Net Calls Change
-$119M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$19.4M
2
Barclays
Barclays
United Kingdom
+$9.53M
3
VKH
Virtu KCG Holdings
New York
+$5.06M
4
WAM
Wolverine Asset Management
Illinois
+$3.43M
5
SG Americas Securities
SG Americas Securities
New York
+$2.62M

Top Sellers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
-$86M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$8.14M
3
Morgan Stanley
Morgan Stanley
New York
-$6.19M
4
VF
Virtu Financial
New York
-$3.65M
5
Walleye Trading
Walleye Trading
New York
-$1.62M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$55M +$19.4M +564,146 +66%
CS
2
Credit Suisse
Switzerland
$27.1M -$86M -2,500,000 -78%
PP
3
Pension Partners
New York
$18.3M +$16.3M +472,464 New
Barclays
4
Barclays
United Kingdom
$10.7M +$9.53M +277,086 New
Morgan Stanley
5
Morgan Stanley
New York
$10.4M -$6.19M -180,006 -40%
SG Americas Securities
6
SG Americas Securities
New York
$10.4M +$2.62M +76,186 +40%
CA
7
Commerzbank Aktiengesellschaft
Germany
$9.94M +$46.9K +1,364 +0.5%
Susquehanna International Group
8
Susquehanna International Group
Pennsylvania
$9.14M -$8.14M -236,752 -50%
VKH
9
Virtu KCG Holdings
New York
$6.49M +$5.06M +146,976 +709%
TH
10
Timber Hill
Connecticut
$4.04M +$527K +15,308 +17%
WAM
11
Wolverine Asset Management
Illinois
$3.89M +$3.43M +99,600 +12,450%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$3.35M -$1.44M -41,896 -33%
Deutsche Bank
13
Deutsche Bank
Germany
$3.34M – – –
CPSAC
14
Chas P. Smith & Associates (CPS)
Florida
$2.17M +$1.44M +41,862 +294%
GIM
15
Guild Investment Management
California
$2.04M +$1.81M +52,600 New
BNP Paribas Financial Markets
16
BNP Paribas Financial Markets
France
$1.93M +$392K +11,400 +30%
Franklin Resources
17
Franklin Resources
California
$1.21M – – –
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$1.04M -$324K -9,404 -26%
SKK
19
Shepherd Kaplan Krochuk
Massachusetts
$1.01M +$894K +26,000 New
Walleye Trading
20
Walleye Trading
New York
$924K -$1.62M -46,950 -66%
HCMT
21
Highland Capital Management (Texas)
Texas
$774K – – –
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$749K -$998K -29,016 -60%
SGH
23
Schonfeld Group Holdings
New York
$534K +$475K +13,800 New
Two Sigma Advisers
24
Two Sigma Advisers
New York
$473K +$420K +12,220 New
PSW
25
Portfolio Strategies (Washington)
Washington
$433K +$385K +11,196 New
1
2

TNA Hedge Fund Activity: Q4 2013 in Review

37 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bull 3x ETF (TNA) for Q4 2013, worth a combined $187M — down 6% from $199M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new TNA positions and 10 closed out — a net gain of 1 holder — while 9 added to existing stakes and 13 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $19.4M. The largest seller was Credit Suisse, cutting an estimated $86M.

  • 37 institutional investors held Direxion Daily Small Cap Bull 3x ETF (TNA) as of Q4 2013, up from 36 in Q3 2013.
  • Funds reported $187M of Direxion Daily Small Cap Bull 3x ETF stock for Q4 2013, down 6% quarter-over-quarter.
  • 11 funds opened new Direxion Daily Small Cap Bull 3x ETF positions in Q4 2013 and 10 closed out, a net change of +1 holder.
  • The largest Direxion Daily Small Cap Bull 3x ETF buyer in Q4 2013 was Goldman Sachs, an estimated $19.4M added.
  • The largest Direxion Daily Small Cap Bull 3x ETF seller in Q4 2013 was Credit Suisse, an estimated $86M sold.

Based on aggregated 13F filings for Q4 2013.