VelocityShares Daily Inverse VIX Short Term ETN
XIV was delisted on the 15th of February, 2018.
26 hedge funds and large institutions have $228M invested in VelocityShares Daily Inverse VIX Short Term ETN in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 7 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less funds holding
Funds holding: 28 → 26 (-2)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
39% less capital invested
Capital invested by funds: $374M → $228M (-$147M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$25.7M |
| 2 |
DS
DRW Securities
Chicago,
Illinois
|
+$2.83M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$2.73M |
| 4 |
Bank of New York Mellon
New York
|
+$1.78M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$257M |
| 2 |
Jane Street
New York
|
-$14.2M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$11.5M |
| 4 |
Lazard Asset Management
New York
|
-$7.81M |
| 5 |
FIG
Fortress Investment Group
New York
|
-$2.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $3K | +$2.6K | +100 | New |
|
|
27
Lazard Asset Management
New York
| – | -$7.81M | -391,780 | Closed |
|
|
FIG
28
Fortress Investment Group
New York
| – | -$2.02M | -101,100 | Closed |
|
|
KFS
29
KMS Financial Services
Seattle,
Washington
| – | -$1.84M | -92,294 | Closed |
|
|
WA
30
WFG Advisors
Dallas,
Texas
| – | -$630K | -31,522 | Closed |
|
|
I2I
31
Insight 2811 Inc
Chicago,
Illinois
| – | -$400K | -20,000 | Closed |
|
|
U
32
UBS
Zurich,
Switzerland
| – | -$289K | -14,480 | Closed |
|
|
PAS
33
Partnervest Advisory Services
Santa Barbara,
California
| – | -$1K | -75 | Closed |
|
XIV Hedge Fund Activity: Q3 2013 in Review
26 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in VelocityShares Daily Inverse VIX Short Term ETN (XIV) for Q3 2013, worth a combined $228M — down 39% from $374M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of XIV and 6 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 9 added.
The largest buyer was LPL Financial, opening a new position worth an estimated $25.7M. The largest seller was Credit Suisse, cutting an estimated $257M.
- 26 institutional investors held VelocityShares Daily Inverse VIX Short Term ETN (XIV) as of Q3 2013, down from 28 in Q2 2013.
- Funds reported $228M of VelocityShares Daily Inverse VIX Short Term ETN stock for Q3 2013, down 39% quarter-over-quarter.
- 6 funds opened new VelocityShares Daily Inverse VIX Short Term ETN positions in Q3 2013 and 7 closed out, a net change of -1 holder.
- The largest VelocityShares Daily Inverse VIX Short Term ETN buyer in Q3 2013 was LPL Financial, an estimated $25.7M added.
- The largest VelocityShares Daily Inverse VIX Short Term ETN seller in Q3 2013 was Credit Suisse, an estimated $257M sold.
Based on aggregated 13F filings for Q3 2013.