Direxion Daily Small Cap Bear 3x ETF
TZA
17 hedge funds and large institutions have $49.6M invested in Direxion Daily Small Cap Bear 3x ETF in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 12 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.03% less ownership
Funds ownership: 0.06% → 0.03% (-0.03%)
23% less funds holding
Funds holding: 22 → 17 (-5)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
43% less call options, than puts
Call options by funds: $116M | Put options by funds: $204M
47% less capital invested
Capital invested by funds: $92.8M → $49.6M (-$43.2M)
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$14.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.35M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.2M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.53M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$34.3M |
| 2 |
Morgan Stanley
New York
|
-$8.8M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.9M |
| 4 |
Jane Street
New York
|
-$7.2M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$5.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citadel Advisors
Miami,
Florida
| – | -$594K | -33 | Closed |
|
27
Walleye Trading
New York
| – | -$622K | -28 | Closed |
|
|
JT
28
Jump Trading
Chicago,
Illinois
| – | -$400K | -18 | Closed |
|
|
SPC
29
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$317K | -18 | Closed |
|
|
TSS
30
Two Sigma Securities
New York
| – | -$280K | -16 | Closed |
|
|
WJA
31
Williams Jones & Associates
New York
| – | -$206K | -11 | Closed |
|
|
MWM
32
MinichMacGregor Wealth Management
Saratoga Springs,
New York
| – | -$7K | -2 | Closed |
|
|
CG
33
Cutler Group
San Francisco,
California
| – | -$22.2K | -1 | Closed |
|
|
AFP
34
Ausdal Financial Partners
Davenport,
Iowa
| – | -$3K | – | – |
|
TZA Hedge Fund Activity: Q1 2016 in Review
17 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q1 2016, worth a combined $49.6M — down 47% from $92.8M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of TZA and 8 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 3 added.
The largest buyer was Timber Hill, adding an estimated $14.8M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $34.3M.
- 17 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q1 2016, down from 22 in Q4 2015.
- Funds reported $49.6M of Direxion Daily Small Cap Bear 3x ETF stock for Q1 2016, down 47% quarter-over-quarter.
- 8 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q1 2016 and 12 closed out, a net change of -4 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q1 2016 was Timber Hill, an estimated $14.8M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q1 2016 was BNP Paribas Financial Markets, an estimated $34.3M sold.
Based on aggregated 13F filings for Q1 2016.