Direxion Daily Small Cap Bear 3x ETF
TZA
22 hedge funds and large institutions have $71.7M invested in Direxion Daily Small Cap Bear 3x ETF in 2015 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 12 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
10% more capital invested
Capital invested by funds: $64.9M → $71.7M (+$6.81M)
0.04% more ownership
Funds ownership: 0.01% → 0.05% (+0.04%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
4% less funds holding
Funds holding: 23 → 22 (-1)
40% less call options, than puts
Call options by funds: $105M | Put options by funds: $174M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$12.5M |
| 2 |
Morgan Stanley
New York
|
+$8.12M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$7.66M |
| 4 |
Jane Street
New York
|
+$5.22M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$12.1M |
| 2 |
Two Sigma Investments
New York
|
-$4.63M |
| 3 |
Two Sigma Advisers
New York
|
-$2.27M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$2.18M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$1.89M |
TZA Hedge Fund Activity: Q4 2015 in Review
22 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q4 2015, worth a combined $71.7M — up 10% from $64.9M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of TZA and 11 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 6 added.
The largest buyer was Timber Hill, adding an estimated $12.5M. The largest seller was Virtu Financial, exiting entirely with an estimated $12.1M sold.
- 22 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q4 2015, down from 23 in Q3 2015.
- Funds reported $71.7M of Direxion Daily Small Cap Bear 3x ETF stock for Q4 2015, up 10% quarter-over-quarter.
- 11 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q4 2015 and 12 closed out, a net change of -1 holder.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q4 2015 was Timber Hill, an estimated $12.5M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q4 2015 was Virtu Financial, an estimated $12.1M sold.
Based on aggregated 13F filings for Q4 2015.