Direxion Daily Small Cap Bear 3x ETF
TZA
34 hedge funds and large institutions have $109M invested in Direxion Daily Small Cap Bear 3x ETF in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 14 closing their positions.
257% more call options, than puts
Call options by funds: $108M | Put options by funds: $30.2M
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
47% more capital invested
Capital invested by funds: $74.2M → $109M (+$34.9M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more ownership
Funds ownership: 0.01% → 0.01% (+0%)
11% less funds holding
Funds holding: 38 → 34 (-4)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$12.1M |
| 2 |
Two Sigma Advisers
New York
|
+$11.8M |
| 3 |
VF
Virtu Financial
New York
|
+$9.52M |
| 4 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
+$4.57M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Empire Capital Management
Westport,
Connecticut
|
-$11.4M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$10.5M |
| 3 |
AGM
Alpine Global Management
New York
|
-$3.49M |
| 4 |
Morgan Stanley
New York
|
-$2.06M |
| 5 |
LPU
Lansdowne Partners (UK)
London,
United Kingdom
|
-$1.4M |
TZA Hedge Fund Activity: Q3 2014 in Review
34 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q3 2014, worth a combined $109M — up 47% from $74.2M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TZA and 10 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 14 added.
The largest buyer was Two Sigma Investments, adding an estimated $12.1M. The largest seller was Empire Capital Management, exiting entirely with an estimated $11.4M sold.
- 34 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q3 2014, down from 38 in Q2 2014.
- Funds reported $109M of Direxion Daily Small Cap Bear 3x ETF stock for Q3 2014, up 47% quarter-over-quarter.
- 10 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q3 2014 and 14 closed out, a net change of -4 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q3 2014 was Two Sigma Investments, an estimated $12.1M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q3 2014 was Empire Capital Management, an estimated $11.4M sold.
Based on aggregated 13F filings for Q3 2014.