VelocityShares Daily Inverse VIX Short Term ETN
XIV was delisted on the 15th of February, 2018.
41 hedge funds and large institutions have $320M invested in VelocityShares Daily Inverse VIX Short Term ETN in 2015 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 21 closing their positions.
1% less capital invested
Capital invested by funds: $325M → $320M (-$4.87M)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
14% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 14
23% less funds holding
Funds holding: 53 → 41 (-12)
52% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$118M |
| 2 |
Jane Street
New York
|
+$22.2M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$3.41M |
| 4 |
TC
Toews Corporation
Northfield,
New Jersey
|
+$1.26M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$37.1M |
| 2 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
-$21.7M |
| 3 |
Goldman Sachs
New York
|
-$19.9M |
| 4 |
LPL Financial
San Diego,
California
|
-$18.2M |
| 5 |
VF
Virtu Financial
New York
|
-$14.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
51
WFG Advisors
Dallas,
Texas
| – | -$580K | -18,619 | Closed |
|
|
BCM
52
BlueCrest Capital Management
St Helier,
Jersey
| – | -$564K | -18,100 | Closed |
|
|
CP
53
Covalent Partners
Concord,
Massachusetts
| – | -$498K | -16,000 | Closed |
|
|
YP
54
Yellowstone Partners
Idaho Falls,
Idaho
| – | -$427K | -13,700 | Closed |
|
|
BPC
55
Banque Pictet & Cie
Geneva 73,
Switzerland
| – | -$400K | -12,860 | Closed |
|
56
VanEck Associates
New York
| – | -$357K | -11,453 | Closed |
|
|
PWP
57
Private Wealth Partners
Mill Valley,
California
| – | -$218K | -7,000 | Closed |
|
58
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$202K | -6,500 | Closed |
|
|
HCC
59
Hirtle Callaghan & Co
West Conshohocken,
Pennsylvania
| – | -$12K | -400 | Closed |
|
|
BRWA
60
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$3 | -106 | Closed |
|
|
MFS
61
MSI Financial Services
Springfield,
Massachusetts
| – | +$399 | +13 | New |
|
XIV Hedge Fund Activity: Q1 2015 in Review
41 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in VelocityShares Daily Inverse VIX Short Term ETN (XIV) for Q1 2015, worth a combined $320M — down 1.5% from $325M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of XIV and 10 opened new positions — a net loss of 11 holders — while 14 trimmed existing stakes and 12 added.
The largest buyer was Credit Suisse, opening a new position worth an estimated $118M. The largest seller was Deutsche Bank, exiting entirely with an estimated $37.1M sold.
- 41 institutional investors held VelocityShares Daily Inverse VIX Short Term ETN (XIV) as of Q1 2015, down from 53 in Q4 2014.
- Funds reported $320M of VelocityShares Daily Inverse VIX Short Term ETN stock for Q1 2015, down 1.5% quarter-over-quarter.
- 10 funds opened new VelocityShares Daily Inverse VIX Short Term ETN positions in Q1 2015 and 21 closed out, a net change of -11 holders.
- The largest VelocityShares Daily Inverse VIX Short Term ETN buyer in Q1 2015 was Credit Suisse, an estimated $118M added.
- The largest VelocityShares Daily Inverse VIX Short Term ETN seller in Q1 2015 was Deutsche Bank, an estimated $37.1M sold.
Based on aggregated 13F filings for Q1 2015.