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XIV

VelocityShares Daily Inverse VIX Short Term ETN

Delisted

XIV was delisted on the 15th of February, 2018.

45 hedge funds and large institutions have $517M invested in VelocityShares Daily Inverse VIX Short Term ETN in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 16 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

6% less capital invested

Capital invested by funds: $553M → $517M (-$35.3M)

12% less funds holding

Funds holding: 5145 (-6)

33% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 15

38% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 16

Holders
45
Holders Change
-6
Holders Change %
-11.76%
% of All Funds
1.12%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.07%
New
10
Increased
10
Reduced
16
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Jane Street
1
Jane Street
New York
$209M +$63.3M +1,519,319 +51%
CS
2
Credit Suisse
Switzerland
$162M -$182M -4,360,000 -56%
Goldman Sachs
3
Goldman Sachs
New York
$54.2M +$6.03M +144,790 +14%
FTUS
4
Flow Traders U.S.
New York
$30.1M -$34.2M -821,226 -56%
Susquehanna International Group
5
Susquehanna International Group
Pennsylvania
$14.8M +$12.5M +299,138 +1,660%
VF
6
Virtu Financial
New York
$8.89M +$7.93M +190,203 New
Millennium Management
7
Millennium Management
New York
$6.54M +$5.83M +140,000 New
CT
8
CMT Trading
Illinois
$4.72M +$4.21M +101,079 New
BCM
9
Bridgeway Capital Management
Texas
$3.46M +$617K +14,800 +25%
Lazard Asset Management
10
Lazard Asset Management
New York
$3.36M +$993K +23,830 +50%
LPL Financial
11
LPL Financial
California
$2.83M -$2.59M -62,183 -53%
AG
12
Advisor Group
Arizona
$2.81M +$2.28M +54,639 +983%
TC
13
Toews Corporation
New Jersey
$2.68M -$350K -8,390 -13%
LTFS
14
Ladenburg Thalmann Financial Services
Florida
$2.09M +$680K +16,316 +57%
QOP
15
Quinn Opportunity Partners
Virginia
$1.59M
CI
16
Cavalier Investments
Georgia
$1.47M +$123K +2,945 +10%
TRCT
17
Tower Research Capital (TRC)
New York
$1.23M +$875K +20,989 +391%
Deutsche Bank
18
Deutsche Bank
Germany
$684K
ICM
19
Ionic Capital Management
New York
$573K +$511K +12,260 New
TMC
20
Trellus Management Company
Florida
$570K +$508K +12,200 New
Wolverine Trading
21
Wolverine Trading
Illinois
$514K +$458K +10,989 New
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$468K
TSS
23
Two Sigma Securities
New York
$444K -$1.41M -33,783 -78%
JT
24
Jump Trading
Illinois
$416K -$91.7K -2,200 -20%
Citadel Advisors
25
Citadel Advisors
Florida
$286K -$331K -7,932 -56%

XIV Hedge Fund Activity: Q4 2016 in Review

45 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in VelocityShares Daily Inverse VIX Short Term ETN (XIV) for Q4 2016, worth a combined $517M — down 6.4% from $553M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of XIV and 10 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 10 added.

The largest buyer was Jane Street, adding an estimated $63.3M. The largest seller was Credit Suisse, cutting an estimated $182M.

  • 45 institutional investors held VelocityShares Daily Inverse VIX Short Term ETN (XIV) as of Q4 2016, down from 51 in Q3 2016.
  • Funds reported $517M of VelocityShares Daily Inverse VIX Short Term ETN stock for Q4 2016, down 6.4% quarter-over-quarter.
  • 10 funds opened new VelocityShares Daily Inverse VIX Short Term ETN positions in Q4 2016 and 15 closed out, a net change of -5 holders.
  • The largest VelocityShares Daily Inverse VIX Short Term ETN buyer in Q4 2016 was Jane Street, an estimated $63.3M added.
  • The largest VelocityShares Daily Inverse VIX Short Term ETN seller in Q4 2016 was Credit Suisse, an estimated $182M sold.

Based on aggregated 13F filings for Q4 2016.