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Direxion Daily Small Cap Bear 3x ETF
TZA

34 hedge funds and large institutions have $39.4M invested in Direxion Daily Small Cap Bear 3x ETF in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 3 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

467% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 3

138% more call options, than puts

Call options by funds: $41.4M | Put options by funds: $17.4M

0.32% less ownership

Funds ownership: 1.42% → 1.1% (-0.32%)

17% less funds holding

Funds holding: 41 → 34 (-7)

28% less capital invested

Capital invested by funds: $54.8M → $39.4M (-$15.3M)

46% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 13

Holders
34
Holders Change
-7
Holders Change %
-17.07%
% of All Funds
0.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
17
Reduced
3
Closed
13
Calls
$41.4M
Puts
$17.4M
Net Calls
+$24M
Net Calls Change
-$17.9M

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$9.74M
2
VF
Virtu Financial
New York
+$6.83M
3
GS
GTS Securities
New York
+$4.21M
4
Simplex Trading
Simplex Trading
Illinois
+$2.96M
5
Morgan Stanley
Morgan Stanley
New York
+$2.5M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$14.4M
2
Citadel Advisors
Citadel Advisors
Florida
-$11.8M
3
CI
CPR Investments
Michigan
-$962K
4
PWM
Prosperity Wealth Management
California
-$875K
5
TSS
Two Sigma Securities
New York
-$495K
Name Holding Trade Value Shares
Change 		Change in
Stake
AWM
26
Atticus Wealth Management
Florida
$24.9K +$37.4K +125 New
CSB
27
City State Bank
Iowa
$9K +$2.99K +10 +29%
Qube Research & Technologies (QRT)
28
Qube Research & Technologies (QRT)
United Kingdom
$8.72K – – –
MIM
29
Macroview Investment Management
Maryland
$2K – – –
IPW
30
Impact Partnership Wealth
Georgia
$1.78K +$2.69K +9 New
AF
31
Allworth Financial
California
$1.08K – – –
LC
32
Lindbrook Capital
California
$499 – – –
GRP
33
Global Retirement Partners
California
$209 – – –
Wells Fargo
34
Wells Fargo
California
$152 – – –
NA
35
NewEdge Advisors
Louisiana
$40 – – –
CI
36
CPR Investments
Michigan
– -$962K -3,107 Closed
PWM
37
Prosperity Wealth Management
California
– -$875K -2,825 Closed
TSS
38
Two Sigma Securities
New York
– -$495K -1,598 Closed
CCA
39
Cruiser Capital Advisors
Connecticut
– -$465K -1,500 Closed
SG
40
StoneX Group
New York
– -$385K -1,244 Closed
PSCM
41
Per Stirling Capital Management
Texas
– -$336K -1,083 Closed
CI
42
Chartist Inc
California
– -$279K -900 Closed
HIP
43
HUB Investment Partners
Texas
– -$215K -695 Closed
PWA
44
Primoris Wealth Advisors
Florida
– -$201K -650 Closed
Citigroup
45
Citigroup
New York
– -$62K -200 Closed
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
– -$31K -100 Closed
Bank of America
47
Bank of America
North Carolina
– -$3.1K -10 Closed
Bank Julius Baer & Co
48
Bank Julius Baer & Co
Switzerland
– -$2K -7 Closed
Fidelity Investments
49
Fidelity Investments
Massachusetts
– -$31 – –
1
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TZA Hedge Fund Activity: Q4 2023 in Review

34 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q4 2023, worth a combined $39.4M — down 28% from $54.8M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of TZA and 7 opened new positions — a net loss of 6 holders — while 3 trimmed existing stakes and 17 added.

The largest buyer was Susquehanna International Group, adding an estimated $9.74M. The largest seller was Jane Street, cutting an estimated $14.4M.

  • 34 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q4 2023, down from 41 in Q3 2023.
  • Funds reported $39.4M of Direxion Daily Small Cap Bear 3x ETF stock for Q4 2023, down 28% quarter-over-quarter.
  • 7 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q4 2023 and 13 closed out, a net change of -6 holders.
  • The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q4 2023 was Susquehanna International Group, an estimated $9.74M added.
  • The largest Direxion Daily Small Cap Bear 3x ETF seller in Q4 2023 was Jane Street, an estimated $14.4M sold.

Based on aggregated 13F filings for Q4 2023.