Direxion Daily Small Cap Bear 3x ETF
TZA
27 hedge funds and large institutions have $35.7M invested in Direxion Daily Small Cap Bear 3x ETF in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 15 closing their positions.
228% more call options, than puts
Call options by funds: $120M | Put options by funds: $36.5M
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
7.64% less ownership
Funds ownership: 16.85% → 9.21% (-7.6%)
25% less funds holding
Funds holding: 36 → 27 (-9)
59% less capital invested
Capital invested by funds: $86.9M → $35.7M (-$51.2M)
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.66M |
| 2 |
DWM
Drive Wealth Management
Lehi,
Utah
|
+$1.04M |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
+$1M |
| 4 |
GPFA
Game Plan Financial Advisors
Westlake,
Ohio
|
+$668K |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$628K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$9.1M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$8.45M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$7.54M |
| 4 |
PWA
Primoris Wealth Advisors
North Palm Beach,
Florida
|
-$2.2M |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$1.71M |
TZA Hedge Fund Activity: Q4 2022 in Review
27 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q4 2022, worth a combined $35.7M — down 59% from $86.9M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of TZA and 6 opened new positions — a net loss of 9 holders — while 8 trimmed existing stakes and 8 added.
The largest buyer was Susquehanna International Group, adding an estimated $1.66M. The largest seller was Jane Street, cutting an estimated $9.1M.
- 27 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q4 2022, down from 36 in Q3 2022.
- Funds reported $35.7M of Direxion Daily Small Cap Bear 3x ETF stock for Q4 2022, down 59% quarter-over-quarter.
- 6 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q4 2022 and 15 closed out, a net change of -9 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q4 2022 was Susquehanna International Group, an estimated $1.66M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q4 2022 was Jane Street, an estimated $9.1M sold.
Based on aggregated 13F filings for Q4 2022.