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iPath Series B S&P 500 VIX Short-Term Futures ETN

70 hedge funds and large institutions have $184M invested in iPath Series B S&P 500 VIX Short-Term Futures ETN in 2023 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 21 increasing their positions, 10 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

110% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 10

67% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 18

21% more funds holding

Funds holding: 5870 (+12)

3% less call options, than puts

Call options by funds: $249M | Put options by funds: $256M

7.42% less ownership

Funds ownership: 18.65%11.23% (-7.4%)

21% less capital invested

Capital invested by funds: $232M → $184M (-$48M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
70
Holders Change
+12
Holders Change %
+20.69%
% of All Funds
1.1%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
30
Increased
21
Reduced
10
Closed
18
Calls
$249M
Puts
$256M
Net Calls
-$6.42M
Net Calls Change
+$222M
Name Holding Trade Value Shares
Change
Change in
Stake
Barclays
1
Barclays
United Kingdom
$35M -$71.2M -504,470 -59%
Millennium Management
2
Millennium Management
New York
$32.5M +$35.2M +249,802 +334%
Jane Street
3
Jane Street
New York
$26.3M +$30.7M +217,547 +478%
HighTower Advisors
4
HighTower Advisors
Illinois
$16.3M +$19.9M +141,025 +640%
NYLIM
5
New York Life Investment Management
New York
$6.52M +$9.2M +65,243 New
TF
6
Trek Financial
Arizona
$6.34M +$8.95M +63,408 New
VF
7
VitalStone Financial
Texas
$6.26M +$4.93M +34,968 New
Group One Trading
8
Group One Trading
Illinois
$5.07M +$7.15M +50,664 New
CCS
9
Concentric Capital Strategies
Connecticut
$3.84M +$4.89M +34,635 +923%
SG Americas Securities
10
SG Americas Securities
New York
$3.29M +$46.4K +329 +1%
AFP
11
Ausdal Financial Partners
Iowa
$3.19M +$2.88M +20,381 +177%
JF
12
Jump Financial
Illinois
$3.18M +$4.49M +31,817 New
CC
13
Centiva Capital
New York
$2.43M +$3.42M +24,275 New
Two Sigma Investments
14
Two Sigma Investments
New York
$2.31M +$3.26M +23,088 New
JP Morgan Chase
15
JP Morgan Chase
New York
$2.28M +$1.44M +10,196 +81%
TRCT
16
Tower Research Capital (TRC)
New York
$2.19M +$3.01M +21,306 +3,551%
CTC (Chicago Trading Company)
17
CTC (Chicago Trading Company)
Illinois
$1.99M +$2.5M +17,737 +836%
RA
18
Raffles Associates
New York
$1.77M +$2.5M +17,750 New
ST
19
Smithfield Trust
Pennsylvania
$1.75M +$2.46M +17,438 New
Bank of Montreal
20
Bank of Montreal
Ontario, Canada
$1.68M +$2.17M +15,353 New
Morgan Stanley
21
Morgan Stanley
New York
$1.61M +$60.5K +429 +3%
JCA
22
Jade Capital Advisors
New Jersey
$1.58M +$1.41M +10,000 +172%
ACM
23
Arlington Capital Management
Illinois
$1.38M -$965K -6,841 -33%
PCM
24
Prelude Capital Management
New York
$1.37M +$1.66M +11,786 +604%
Wolverine Trading
25
Wolverine Trading
Illinois
$1.27M +$1.77M +12,563 New

VXX Hedge Fund Activity: Q2 2023 in Review

70 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) for Q2 2023, worth a combined $184M — down 21% from $232M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new VXX positions and 18 closed out — a net gain of 12 holders — while 21 added to existing stakes and 10 trimmed.

The largest buyer was Millennium Management, adding an estimated $35.2M. The largest seller was Barclays, cutting an estimated $71.2M.

  • 70 institutional investors held iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) as of Q2 2023, up from 58 in Q1 2023.
  • Funds reported $184M of iPath Series B S&P 500 VIX Short-Term Futures ETN stock for Q2 2023, down 21% quarter-over-quarter.
  • 30 funds opened new iPath Series B S&P 500 VIX Short-Term Futures ETN positions in Q2 2023 and 18 closed out, a net change of +12 holders.
  • The largest iPath Series B S&P 500 VIX Short-Term Futures ETN buyer in Q2 2023 was Millennium Management, an estimated $35.2M added.
  • The largest iPath Series B S&P 500 VIX Short-Term Futures ETN seller in Q2 2023 was Barclays, an estimated $71.2M sold.

Based on aggregated 13F filings for Q2 2023.