iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019
VXZ was delisted on the 29th of January, 2019.
26 hedge funds and large institutions have $147M invested in iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019 in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 10 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
19% less funds holding
Funds holding: 32 → 26 (-6)
21% less capital invested
Capital invested by funds: $185M → $147M (-$37.9M)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
100% less call options, than puts
Call options by funds: $18K | Put options by funds: $9.05M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lakewood Capital Management
New York
|
+$18.5M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$12.6M |
| 3 |
Walleye Trading
New York
|
+$2.02M |
| 4 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$441K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$202K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$44.8M |
| 2 |
VF
Virtu Financial
New York
|
-$6.2M |
| 3 |
Barclays
London,
United Kingdom
|
-$4.7M |
| 4 |
Goldman Sachs
New York
|
-$4.3M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$2.79M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
26
American International Group
New York
| $91 | – | – | – |
|
|
CCMG
27
Clark Capital Management Group
Philadelphia,
Pennsylvania
| – | -$44.8M | -712,295 | Closed |
|
|
VF
28
Virtu Financial
New York
| – | -$6.2M | -98,537 | Closed |
|
|
FTUS
29
Flow Traders U.S.
New York
| – | -$2.79M | -44,341 | Closed |
|
|
PGCM
30
Prescott Group Capital Management
Tulsa,
Oklahoma
| – | -$1.97M | -31,250 | Closed |
|
|
AC
31
Altus Capital
Mayfield Heights,
Ohio
| – | -$660K | -10,500 | Closed |
|
|
B
32
Baird
Milwaukee,
Wisconsin
| – | -$613K | -9,750 | Closed |
|
|
PG
33
PEAK6 Group
Chicago,
Illinois
| – | -$314K | -5,000 | Closed |
|
34
Boston Partners
Boston,
Massachusetts
| – | -$252K | -4,000 | Closed |
|
|
PMAM
35
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
| – | -$190K | -3,015 | Closed |
|
|
TRCT
36
Tower Research Capital (TRC)
New York
| – | -$71K | -1,134 | Closed |
|
VXZ Hedge Fund Activity: Q1 2014 in Review
26 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019 (VXZ) for Q1 2014, worth a combined $147M — down 21% from $185M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of VXZ and 4 opened new positions — a net loss of 6 holders — while 8 trimmed existing stakes and 8 added.
The largest buyer was Lakewood Capital Management, opening a new position worth an estimated $18.5M. The largest seller was Clark Capital Management Group, exiting entirely with an estimated $44.8M sold.
- 26 institutional investors held iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019 (VXZ) as of Q1 2014, down from 32 in Q4 2013.
- Funds reported $147M of iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019 stock for Q1 2014, down 21% quarter-over-quarter.
- 4 funds opened new iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019 positions in Q1 2014 and 10 closed out, a net change of -6 holders.
- The largest iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019 buyer in Q1 2014 was Lakewood Capital Management, an estimated $18.5M added.
- The largest iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019 seller in Q1 2014 was Clark Capital Management Group, an estimated $44.8M sold.
Based on aggregated 13F filings for Q1 2014.