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Direxion Daily Small Cap Bear 3x ETF
TZA

47 hedge funds and large institutions have $55.6M invested in Direxion Daily Small Cap Bear 3x ETF in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

243% more call options, than puts

Call options by funds: $34.2M | Put options by funds: $9.95M

157% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 7

27% more funds holding

Funds holding: 37 → 47 (+10)

25% more capital invested

Capital invested by funds: $44.6M → $55.6M (+$11M)

0.35% more ownership

Funds ownership: 1.08% → 1.43% (+0.35%)

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

Holders
47
Holders Change
+10
Holders Change %
+27.03%
% of All Funds
0.74%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
9
Reduced
12
Closed
7
Calls
$34.2M
Puts
$9.95M
Net Calls
+$24.2M
Net Calls Change
+$4.23M

Top Buyers

Rank Fund Capital Flow
1
VF
Virtu Financial
New York
+$8.08M
2
IMC Chicago
IMC Chicago
Illinois
+$5.16M
3
Squarepoint
Squarepoint
New York
+$4.33M
4
DWM
Drive Wealth Management
Utah
+$3.15M
5
Morgan Stanley
Morgan Stanley
New York
+$2.18M

Top Sellers

Rank Fund Capital Flow
1
TRCT
Tower Research Capital (TRC)
New York
-$2.98M
2
Jane Street
Jane Street
New York
-$2.98M
3
LJAC
L.J. Altfest & Co
New York
-$1.9M
4
PWA
Primoris Wealth Advisors
Florida
-$1.43M
5
Simplex Trading
Simplex Trading
Illinois
-$1.24M
Name Holding Trade Value Shares
Change 		Change in
Stake
CF
26
Cantor Fitzgerald
New York
$237K – – –
CI
27
Chartist Inc
California
$237K – – –
S
28
SignatureFD
Georgia
$217K +$2.18K +7 +0.9%
SG
29
StoneX Group
New York
$213K +$252K +809 New
HIP
30
HUB Investment Partners
Texas
$200K -$130K -418 -35%
BCM
31
Bourgeon Capital Management
Connecticut
$188K +$223K +715 New
QT
32
Quantbot Technologies
New York
$156K +$185K +594 New
Simplex Trading
33
Simplex Trading
Illinois
$135K -$1.24M -3,979 -89%
TRCT
34
Tower Research Capital (TRC)
New York
$64.9K -$2.98M -9,566 -97%
Citigroup
35
Citigroup
New York
$52.6K – – –
BCV
36
Banque Cantonale Vaudoise
Switzerland
$37K +$43.6K +140 New
AWM
37
Atticus Wealth Management
Florida
$26.3K +$31.2K +100 New
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$26K +$31.2K +100 New
MIM
39
Macroview Investment Management
Maryland
$11.8K +$14K +45 New
CSB
40
City State Bank
Iowa
$8K – – –
Bank of America
41
Bank of America
North Carolina
$2.63K -$2.49K -8 -44%
AF
42
Allworth Financial
California
$1.4K – – –
Qube Research & Technologies (QRT)
43
Qube Research & Technologies (QRT)
United Kingdom
$957 +$2.49K +8 New
LC
44
Lindbrook Capital
California
$658 – – –
GRP
45
Global Retirement Partners
California
$237 – – –
Wells Fargo
46
Wells Fargo
California
$183 – – –
FGAM
47
Financial Gravity Asset Management
Texas
$105 +$935 +3 New
NA
48
NewEdge Advisors
Louisiana
$53 – – –
LJAC
49
L.J. Altfest & Co
New York
– -$1.9M -6,115 Closed
XS
50
XR Securities
Illinois
– -$1.19M -3,810 Closed
1
2
3

TZA Hedge Fund Activity: Q2 2023 in Review

47 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q2 2023, worth a combined $55.6M — up 25% from $44.6M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new TZA positions and 7 closed out — a net gain of 11 holders — while 9 added to existing stakes and 12 trimmed.

The largest buyer was Virtu Financial, adding an estimated $8.08M. The largest seller was Tower Research Capital (TRC), cutting an estimated $2.98M.

  • 47 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q2 2023, up from 37 in Q1 2023.
  • Funds reported $55.6M of Direxion Daily Small Cap Bear 3x ETF stock for Q2 2023, up 25% quarter-over-quarter.
  • 18 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q2 2023 and 7 closed out, a net change of +11 holders.
  • The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q2 2023 was Virtu Financial, an estimated $8.08M added.
  • The largest Direxion Daily Small Cap Bear 3x ETF seller in Q2 2023 was Tower Research Capital (TRC), an estimated $2.98M sold.

Based on aggregated 13F filings for Q2 2023.