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XIV

VelocityShares Daily Inverse VIX Short Term ETN

Delisted

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

44 hedge funds and large institutions have $646M invested in VelocityShares Daily Inverse VIX Short Term ETN in 2017 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 19 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more capital invested

Capital invested by funds: $515M → $646M (+$130M)

6% less funds holding

Funds holding: 4744 (-3)

25% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 12

47% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 19

83% less funds holding in top 10

Funds holding in top 10: 61 (-5)

Holders
44
Holders Change
-3
Holders Change %
-6.38%
% of All Funds
1.1%
Holding in Top 10
1
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-83.33%
% of All Funds
0.02%
New
9
Increased
10
Reduced
19
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CS
1
Credit Suisse
Switzerland
$398M +$123M +1,600,000 +51%
Jane Street
2
Jane Street
New York
$131M -$61.6M -801,111 -34%
Morgan Stanley
3
Morgan Stanley
New York
$32.8M +$30.2M +393,182 +39,318,200%
FTUS
4
Flow Traders U.S.
New York
$29.3M -$14.1M -183,828 -34%
Nomura Holdings
5
Nomura Holdings
Japan
$6.24M +$5.77M +75,000 New
Susquehanna International Group
6
Susquehanna International Group
Pennsylvania
$5.21M -$20.7M -268,792 -81%
Wolverine Trading
7
Wolverine Trading
Illinois
$4.41M +$4.13M +53,664 New
TRCT
8
Tower Research Capital (TRC)
New York
$4.28M +$112K +1,462 +3%
LTFS
9
Ladenburg Thalmann Financial Services
Florida
$4.01M +$255K +3,309 +7%
OMC
10
Oasis Management Company
Cayman Islands
$3.92M +$1.92M +25,000 +114%
BCM
11
Bridgeway Capital Management
Texas
$3.4M -$531K -6,900 -14%
TC
12
Toews Corporation
New Jersey
$2.8M -$583K -7,574 -18%
UBS Group
13
UBS Group
Switzerland
$2.56M -$12M -156,148 -84%
Balyasny Asset Management
14
Balyasny Asset Management
Illinois
$2.46M +$2.26M +29,410 New
OTC
15
Opera Trading Capital
France
$1.67M -$1.54M -20,000 -50%
LPL Financial
16
LPL Financial
California
$1.53M -$70.8K -920 -5%
SPC
17
Sigma Planning Corp
Michigan
$1.39M +$1.28M +16,682 New
CI
18
Cavalier Investments
Georgia
$1.39M
TSS
19
Two Sigma Securities
New York
$1.23M +$919K +11,950 +431%
QOP
20
Quinn Opportunity Partners
Virginia
$1.08M -$385K -5,000 -28%
AL
21
Airain Ltd
Guernsey
$941K +$868K +11,280 New
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$835K -$106K -1,382 -12%
Citadel Advisors
23
Citadel Advisors
Florida
$832K -$1.39M -18,031 -64%
ICM
24
Ionic Capital Management
New York
$675K -$545K -7,090 -47%
JT
25
Jump Trading
Illinois
$668K +$192K +2,500 +45%

XIV Hedge Fund Activity: Q2 2017 in Review

44 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in VelocityShares Daily Inverse VIX Short Term ETN (XIV) for Q2 2017, worth a combined $646M — up 25% from $515M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of XIV and 9 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 10 added.

The largest buyer was Credit Suisse, adding an estimated $123M. The largest seller was Jane Street, cutting an estimated $61.6M.

  • 44 institutional investors held VelocityShares Daily Inverse VIX Short Term ETN (XIV) as of Q2 2017, down from 47 in Q1 2017.
  • Funds reported $646M of VelocityShares Daily Inverse VIX Short Term ETN stock for Q2 2017, up 25% quarter-over-quarter.
  • 9 funds opened new VelocityShares Daily Inverse VIX Short Term ETN positions in Q2 2017 and 12 closed out, a net change of -3 holders.
  • The largest VelocityShares Daily Inverse VIX Short Term ETN buyer in Q2 2017 was Credit Suisse, an estimated $123M added.
  • The largest VelocityShares Daily Inverse VIX Short Term ETN seller in Q2 2017 was Jane Street, an estimated $61.6M sold.

Based on aggregated 13F filings for Q2 2017.