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Direxion Daily Small Cap Bear 3x ETF
TZA

23 hedge funds and large institutions have $64.9M invested in Direxion Daily Small Cap Bear 3x ETF in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 12 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more ownership

Funds ownership: 0.01% → 0.01% (+0%)

25% less call options, than puts

Call options by funds: $41.5M | Put options by funds: $55.6M

28% less capital invested

Capital invested by funds: $90.2M → $64.9M (-$25.3M)

28% less funds holding

Funds holding: 32 → 23 (-9)

58% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 12

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
23
Holders Change
-9
Holders Change %
-28.13%
% of All Funds
0.64%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
5
Increased
5
Reduced
12
Closed
13
Calls
$41.5M
Puts
$55.6M
Net Calls
-$14.1M
Net Calls Change
-$17.6M

Top Buyers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$15.9M
2
Two Sigma Advisers
Two Sigma Advisers
New York
+$4.49M
3
EAM
Eagle Asset Management
Florida
+$1.56M
4
Citigroup
Citigroup
New York
+$771K
5
CCM
Cadence Capital Management
Massachusetts
+$175K

Top Sellers

Rank Fund Capital Flow
1
VF
Virtu Financial
New York
-$14M
2
TRCT
Tower Research Capital (TRC)
New York
-$11.1M
3
FTUS
Flow Traders U.S.
New York
-$11M
4
CS
Credit Suisse
Switzerland
-$8.69M
5
Jane Street
Jane Street
New York
-$6.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
IWMPD
26
Integrated Wealth Management (Palm Desert)
California
$1K – – –
MFS
27
MSI Financial Services
Massachusetts
$1K – – –
FTUS
28
Flow Traders U.S.
New York
– -$11M -709 Closed
CS
29
Credit Suisse
Switzerland
– -$8.69M -562 Closed
HighTower Advisors
30
HighTower Advisors
Illinois
– -$1.64M -106 Closed
QC
31
QCM Cayman
Texas
– -$1.25M -81 Closed
ACP
32
Aviance Capital Partners
Florida
– -$580K -38 Closed
Citadel Advisors
33
Citadel Advisors
Florida
– -$313K -20 Closed
SPC
34
Sigma Planning Corp
Michigan
– -$305K -20 Closed
TCM
35
Traynor Capital Management
Pennsylvania
– -$173K -11 Closed
EVC
36
Eidelman Virant Capital
Missouri
– -$120K -8 Closed
Walleye Trading
37
Walleye Trading
New York
– -$105K -6 Closed
WAM
38
Wolverine Asset Management
Illinois
– -$82K -5 Closed
JT
39
Jump Trading
Illinois
– -$61K -4 Closed
First Manhattan
40
First Manhattan
New York
– -$28K -2 Closed
FANJ
41
Financial Architects (New Jersey)
New Jersey
– -$3K – –
1
2

TZA Hedge Fund Activity: Q3 2015 in Review

23 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q3 2015, worth a combined $64.9M — down 28% from $90.2M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of TZA and 5 opened new positions — a net loss of 8 holders — while 12 trimmed existing stakes and 5 added.

The largest buyer was BNP Paribas Financial Markets, adding an estimated $15.9M. The largest seller was Virtu Financial, cutting an estimated $14M.

  • 23 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q3 2015, down from 32 in Q2 2015.
  • Funds reported $64.9M of Direxion Daily Small Cap Bear 3x ETF stock for Q3 2015, down 28% quarter-over-quarter.
  • 5 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q3 2015 and 13 closed out, a net change of -8 holders.
  • The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q3 2015 was BNP Paribas Financial Markets, an estimated $15.9M added.
  • The largest Direxion Daily Small Cap Bear 3x ETF seller in Q3 2015 was Virtu Financial, an estimated $14M sold.

Based on aggregated 13F filings for Q3 2015.