iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
101 hedge funds and large institutions have $651M invested in iPath Series B S&P 500 VIX Short-Term Futures ETN in 2019 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 31 increasing their positions, 18 reducing their positions, and 15 closing their positions.
187% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 15
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
72% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 18
38% more funds holding
Funds holding: 73 → 101 (+28)
0.31% less ownership
Funds ownership: 1.48% → 1.17% (-0.31%)
1% less call options, than puts
Call options by funds: $506M | Put options by funds: $509M
32% less capital invested
Capital invested by funds: $953M → $651M (-$302M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$49.5M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
+$20.1M |
| 3 |
BC
Boxer Capital
San Diego,
California
|
+$18.9M |
| 4 |
Goldman Sachs
New York
|
+$16.5M |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
+$16.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$145M |
| 2 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
-$15.5M |
| 3 |
Millennium Management
New York
|
-$8.9M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$6.91M |
| 5 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$4.68M |
VXX Hedge Fund Activity: Q4 2019 in Review
101 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) for Q4 2019, worth a combined $651M — down 32% from $953M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new VXX positions and 15 closed out — a net gain of 28 holders — while 31 added to existing stakes and 18 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $49.5M. The largest seller was Barclays, cutting an estimated $145M.
- 101 institutional investors held iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) as of Q4 2019, up from 73 in Q3 2019.
- Funds reported $651M of iPath Series B S&P 500 VIX Short-Term Futures ETN stock for Q4 2019, down 32% quarter-over-quarter.
- 43 funds opened new iPath Series B S&P 500 VIX Short-Term Futures ETN positions in Q4 2019 and 15 closed out, a net change of +28 holders.
- The largest iPath Series B S&P 500 VIX Short-Term Futures ETN buyer in Q4 2019 was Susquehanna International Group, an estimated $49.5M added.
- The largest iPath Series B S&P 500 VIX Short-Term Futures ETN seller in Q4 2019 was Barclays, an estimated $145M sold.
Based on aggregated 13F filings for Q4 2019.