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Direxion Daily Small Cap Bear 3x ETF
TZA

32 hedge funds and large institutions have $52.7M invested in Direxion Daily Small Cap Bear 3x ETF in 2024 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

528% more call options, than puts

Call options by funds: $42.6M | Put options by funds: $6.79M

17% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 6

0.63% more ownership

Funds ownership: 1.51% → 2.13% (+0.63%)

3% less capital invested

Capital invested by funds: $54.2M → $52.7M (-$1.58M)

16% less funds holding

Funds holding: 38 → 32 (-6)

40% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 15

Holders
32
Holders Change
-6
Holders Change %
-15.79%
% of All Funds
0.42%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
9
Increased
7
Reduced
6
Closed
15
Calls
$42.6M
Puts
$6.79M
Net Calls
+$35.8M
Net Calls Change
+$1.56M

Top Buyers

Rank Fund Capital Flow
1
VF
Virtu Financial
New York
+$13.4M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$12.2M
3
Citadel Advisors
Citadel Advisors
Florida
+$2.84M
4
IMC Chicago
IMC Chicago
Illinois
+$2.77M
5
JF
Jump Financial
Illinois
+$894K

Top Sellers

Rank Fund Capital Flow
1
HF
HRT Financial
New York
-$14.7M
2
National Bank of Canada
National Bank of Canada
Quebec, Canada
-$5.4M
3
Jane Street
Jane Street
New York
-$3.4M
4
Bank of America
Bank of America
North Carolina
-$3.39M
5
GS
GTS Securities
New York
-$2.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
26
Bank of Montreal
Ontario, Canada
$4.18K – – –
CA
27
CoreCap Advisors
Michigan
$674 – – –
AF
28
Allworth Financial
California
$662 – – –
S
29
SignatureFD
Georgia
$195 – – –
GRP
30
Global Retirement Partners
California
$117 – – –
Fidelity Investments
31
Fidelity Investments
Massachusetts
$104 +$122 +1 New
CA
32
Continuum Advisory
Idaho
$65 – – –
NA
33
NewEdge Advisors
Louisiana
$26 – – –
Wells Fargo
34
Wells Fargo
California
$10 -$122 -1 Closed
National Bank of Canada
35
National Bank of Canada
Quebec, Canada
– -$5.4M -40,000 Closed
Bank of America
36
Bank of America
North Carolina
– -$3.39M -25,083 Closed
EMAM
37
Encompass More Asset Management
California
– -$950K -7,040 Closed
Squarepoint
38
Squarepoint
New York
– -$752K -6,157 Closed
PSCM
39
Per Stirling Capital Management
Texas
– -$659K -4,882 Closed
FTUS
40
Flow Traders U.S.
New York
– -$568K -4,208 Closed
PFA
41
Pinnacle Family Advisors
Missouri
– -$470K -3,485 Closed
HT
42
Headlands Technologies
Illinois
– -$247K -1,829 Closed
DS
43
DRW Securities
Illinois
– -$231K -1,711 Closed
IIA
44
IPG Investment Advisors
California
– -$203K -1,500 Closed
JP Morgan Chase
45
JP Morgan Chase
New York
– -$106K -785 Closed
Simplex Trading
46
Simplex Trading
Illinois
– -$37K -280 Closed
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
– -$20K -150 Closed
MIM
48
Macroview Investment Management
Maryland
– -$2.7K -20 Closed
1
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TZA Hedge Fund Activity: Q4 2024 in Review

32 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q4 2024, worth a combined $52.7M — down 2.9% from $54.2M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of TZA and 9 opened new positions — a net loss of 6 holders — while 6 trimmed existing stakes and 7 added.

The largest buyer was Virtu Financial, adding an estimated $13.4M. The largest seller was HRT Financial, cutting an estimated $14.7M.

  • 32 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q4 2024, down from 38 in Q3 2024.
  • Funds reported $52.7M of Direxion Daily Small Cap Bear 3x ETF stock for Q4 2024, down 2.9% quarter-over-quarter.
  • 9 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q4 2024 and 15 closed out, a net change of -6 holders.
  • The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q4 2024 was Virtu Financial, an estimated $13.4M added.
  • The largest Direxion Daily Small Cap Bear 3x ETF seller in Q4 2024 was HRT Financial, an estimated $14.7M sold.

Based on aggregated 13F filings for Q4 2024.