VelocityShares Daily Inverse VIX Short Term ETN
XIV was delisted on the 15th of February, 2018.
54 hedge funds and large institutions have $389M invested in VelocityShares Daily Inverse VIX Short Term ETN in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 29 closing their positions.
68% more capital invested
Capital invested by funds: $232M → $389M (+$157M)
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
23% less funds holding
Funds holding: 70 → 54 (-16)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
52% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$204M |
| 2 |
Jane Street
New York
|
+$91.3M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$27.2M |
| 4 |
AIM
Assured Investment Management
New York
|
+$2.7M |
| 5 |
Morgan Stanley
New York
|
+$2.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Cowen Inc
New York
|
-$40.4M |
| 2 |
Citigroup
New York
|
-$25.2M |
| 3 |
DS
DRW Securities
Chicago,
Illinois
|
-$18.9M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$16.3M |
| 5 |
VF
Virtu Financial
New York
|
-$10.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Citadel Advisors
Miami,
Florida
| – | -$203K | -8,340 | Closed |
|
|
MP
77
Manifold Partners
San Francisco,
California
| – | -$147K | -6,020 | Closed |
|
|
FWM
78
Focused Wealth Management
Newburgh,
New York
| – | -$107K | -4,400 | Closed |
|
|
FMA
79
FNY Managed Accounts
New York
| – | -$90.1K | -3,700 | Closed |
|
|
DA
80
Dunvegan Associates
Santa Barbara,
California
| – | -$32K | -1,300 | Closed |
|
|
CCA
81
Catalyst Capital Advisors
Huntington,
New York
| – | -$15K | -600 | Closed |
|
|
ACM
82
Argentus Capital Management
Dallas,
Texas
| – | -$8K | -318 | Closed |
|
|
GT
83
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$4K | -203 | Closed |
|
XIV Hedge Fund Activity: Q4 2015 in Review
54 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in VelocityShares Daily Inverse VIX Short Term ETN (XIV) for Q4 2015, worth a combined $389M — up 68% from $232M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of XIV and 14 opened new positions — a net loss of 15 holders — while 14 trimmed existing stakes and 14 added.
The largest buyer was Credit Suisse, adding an estimated $204M. The largest seller was Cowen Inc, exiting entirely with an estimated $40.4M sold.
- 54 institutional investors held VelocityShares Daily Inverse VIX Short Term ETN (XIV) as of Q4 2015, down from 70 in Q3 2015.
- Funds reported $389M of VelocityShares Daily Inverse VIX Short Term ETN stock for Q4 2015, up 68% quarter-over-quarter.
- 14 funds opened new VelocityShares Daily Inverse VIX Short Term ETN positions in Q4 2015 and 29 closed out, a net change of -15 holders.
- The largest VelocityShares Daily Inverse VIX Short Term ETN buyer in Q4 2015 was Credit Suisse, an estimated $204M added.
- The largest VelocityShares Daily Inverse VIX Short Term ETN seller in Q4 2015 was Cowen Inc, an estimated $40.4M sold.
Based on aggregated 13F filings for Q4 2015.