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Direxion Daily Small Cap Bear 3x ETF

28 hedge funds and large institutions have $126M invested in Direxion Daily Small Cap Bear 3x ETF in 2013 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 4

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

27% more funds holding

Funds holding: 2228 (+6)

14% more call options, than puts

Call options by funds: $79.7M | Put options by funds: $69.8M

0% less ownership

Funds ownership: 0.01%0.01% (-0%)

2% less capital invested

Capital invested by funds: $129M → $126M (-$2.87M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
28
Holders Change
+6
Holders Change %
+27.27%
% of All Funds
0.91%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
15
Increased
7
Reduced
4
Closed
9
Calls
$79.7M
Puts
$69.8M
Net Calls
+$9.86M
Net Calls Change
-$19.3M
Name Holding Trade Value Shares
Change
Change in
Stake
CS
1
Credit Suisse
Switzerland
$82.1M +$71.5M +1,748 +343%
Goldman Sachs
2
Goldman Sachs
New York
$10M -$9.54M -233 -46%
VKH
3
Virtu KCG Holdings
New York
$7.71M +$8.68M +212 New
TRCT
4
Tower Research Capital (TRC)
New York
$3.13M +$3.52M +86 New
Morgan Stanley
5
Morgan Stanley
New York
$3.12M +$3.52M +86 New
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$3.03M +$2.54M +62 +295%
AC
7
Altus Capital
Ohio
$2.61M +$1.02M +25 +53%
Barclays
8
Barclays
United Kingdom
$1.55M +$1.8M +44 New
VF
9
Virtu Financial
New York
$1.48M -$9.17M -224 -85%
Zurich Cantonal Bank
10
Zurich Cantonal Bank
Switzerland
$1.36M +$1.56M +38 New
CCM
11
Cadence Capital Management
Massachusetts
$1.23M +$1.39M +34 New
Citigroup
12
Citigroup
New York
$1.17M +$1.31M +32 New
BNP Paribas Financial Markets
13
BNP Paribas Financial Markets
France
$1.14M +$246K +6 +24%
TH
14
Timber Hill
Connecticut
$810K +$900K +22 New
KAM
15
Keeley Asset Management
Illinois
$750K +$859K +21 New
Nomura Holdings
16
Nomura Holdings
Japan
$746K -$205K -5 -20%
BHA
17
Beech Hill Advisors
New York
$573K +$655K +16 New
QC
18
QCM Cayman
Texas
$559K +$246K +6 +67%
AIG
19
American International Group
New York
$515K
ACP
20
Aviance Capital Partners
Florida
$454K +$532K +13 New
CA
21
Commerzbank Aktiengesellschaft
Germany
$382K +$40.9K +1 +10%
HT
22
HAP Trading
New York
$309K +$368K +9 New
Bank of America
23
Bank of America
North Carolina
$290K +$40.9K +1 +14%
JP Morgan Chase
24
JP Morgan Chase
New York
$282K +$327K +8 New
VDBMI
25
Van Den Berg Management I
Texas
$236K -$164K -4 -36%

TZA Hedge Fund Activity: Q3 2013 in Review

28 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q3 2013, worth a combined $126M — down 2.2% from $129M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new TZA positions and 9 closed out — a net gain of 6 holders — while 7 added to existing stakes and 4 trimmed.

The largest buyer was Credit Suisse, adding an estimated $71.5M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $29.3M sold.

  • 28 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q3 2013, up from 22 in Q2 2013.
  • Funds reported $126M of Direxion Daily Small Cap Bear 3x ETF stock for Q3 2013, down 2.2% quarter-over-quarter.
  • 15 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q3 2013 and 9 closed out, a net change of +6 holders.
  • The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q3 2013 was Credit Suisse, an estimated $71.5M added.
  • The largest Direxion Daily Small Cap Bear 3x ETF seller in Q3 2013 was Susquehanna International Group, an estimated $29.3M sold.

Based on aggregated 13F filings for Q3 2013.