Direxion Daily Small Cap Bear 3x ETF
TZA
28 hedge funds and large institutions have $126M invested in Direxion Daily Small Cap Bear 3x ETF in 2013 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 9 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
67% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 9
27% more funds holding
Funds holding: 22 → 28 (+6)
14% more call options, than puts
Call options by funds: $79.7M | Put options by funds: $69.8M
0% less ownership
Funds ownership: 0.01% → 0.01% (-0%)
2% less capital invested
Capital invested by funds: $129M → $126M (-$2.87M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$71.5M |
| 2 |
Morgan Stanley
New York
|
+$3.52M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.52M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.54M |
| 5 |
Barclays
London,
United Kingdom
|
+$1.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$29.3M |
| 2 |
Goldman Sachs
New York
|
-$9.54M |
| 3 |
VF
Virtu Financial
New York
|
-$9.17M |
| 4 |
JT
Jump Trading
Chicago,
Illinois
|
-$6.19M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$5.95M |
TZA Hedge Fund Activity: Q3 2013 in Review
28 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q3 2013, worth a combined $126M — down 2.2% from $129M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new TZA positions and 9 closed out — a net gain of 6 holders — while 7 added to existing stakes and 4 trimmed.
The largest buyer was Credit Suisse, adding an estimated $71.5M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $29.3M sold.
- 28 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q3 2013, up from 22 in Q2 2013.
- Funds reported $126M of Direxion Daily Small Cap Bear 3x ETF stock for Q3 2013, down 2.2% quarter-over-quarter.
- 15 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q3 2013 and 9 closed out, a net change of +6 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q3 2013 was Credit Suisse, an estimated $71.5M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q3 2013 was Susquehanna International Group, an estimated $29.3M sold.
Based on aggregated 13F filings for Q3 2013.