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XIV

VelocityShares Daily Inverse VIX Short Term ETN

Delisted

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

46 hedge funds and large institutions have $689M invested in VelocityShares Daily Inverse VIX Short Term ETN in 2017 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more funds holding in top 10

Funds holding in top 10: 16 (+5)

25% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 12

7% more capital invested

Capital invested by funds: $646M → $689M (+$43.5M)

5% more funds holding

Funds holding: 4446 (+2)

14% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 14

Holders
46
Holders Change
+2
Holders Change %
+4.55%
% of All Funds
1.15%
Holding in Top 10
6
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+500%
% of All Funds
0.15%
New
15
Increased
12
Reduced
14
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CS
1
Credit Suisse
Switzerland
$467M +$2.18M +25,000 +0.5%
Morgan Stanley
2
Morgan Stanley
New York
$38.4M +$87.6K +1,002 +0.3%
Citadel Advisors
3
Citadel Advisors
Florida
$37.5M +$32.7M +374,585 +3,756%
FTUS
4
Flow Traders U.S.
New York
$28.4M -$5.17M -59,146 -17%
Two Sigma Investments
5
Two Sigma Investments
New York
$18.1M +$16.2M +185,861 New
CTC (Chicago Trading Company)
6
CTC (Chicago Trading Company)
Illinois
$15.5M +$13.9M +158,487 New
SG Americas Securities
7
SG Americas Securities
New York
$9.68M +$8.08M +92,455 +1,370%
KP
8
Keel Point
Alabama
$8.01M +$7.17M +82,092 New
Jane Street
9
Jane Street
New York
$6.38M -$132M -1,506,232 -96%
TRCT
10
Tower Research Capital (TRC)
New York
$5.82M +$739K +8,455 +17%
LTFS
11
Ladenburg Thalmann Financial Services
Florida
$5.1M +$366K +4,182 +9%
Susquehanna International Group
12
Susquehanna International Group
Pennsylvania
$4.42M -$1.5M -17,110 -27%
BCM
13
Bridgeway Capital Management
Texas
$3.39M -$524K -6,000 -15%
Goldman Sachs
14
Goldman Sachs
New York
$3.38M +$2.56M +29,271 +543%
Balyasny Asset Management
15
Balyasny Asset Management
Illinois
$3.29M +$376K +4,297 +15%
TC
16
Toews Corporation
New Jersey
$3.14M -$122K -1,400 -4%
OMC
17
Oasis Management Company
Cayman Islands
$3.12M -$1.31M -15,000 -32%
Capstone Investment Advisors
18
Capstone Investment Advisors
New York
$2.97M +$2.66M +30,433 New
Millennium Management
19
Millennium Management
New York
$2.93M +$2.62M +30,000 New
TCM
20
Tuttle Capital Management
Connecticut
$2.67M +$2.4M +27,425 New
PCM
21
Price Capital Management
Louisiana
$2.66M +$2.39M +27,311 New
CCMG
22
Clark Capital Management Group
Pennsylvania
$2.66M +$2.38M +27,286 New
OTC
23
Opera Trading Capital
France
$1.95M
VF
24
Virtu Financial
New York
$1.73M +$1.55M +17,716 New
RA
25
Rational Advisors
New York
$1.6M +$1.44M +16,455 New

XIV Hedge Fund Activity: Q3 2017 in Review

46 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in VelocityShares Daily Inverse VIX Short Term ETN (XIV) for Q3 2017, worth a combined $689M — up 6.7% from $646M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new XIV positions and 12 closed out — a net gain of 3 holders — while 12 added to existing stakes and 14 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $32.7M. The largest seller was Jane Street, cutting an estimated $132M.

  • 46 institutional investors held VelocityShares Daily Inverse VIX Short Term ETN (XIV) as of Q3 2017, up from 44 in Q2 2017.
  • Funds reported $689M of VelocityShares Daily Inverse VIX Short Term ETN stock for Q3 2017, up 6.7% quarter-over-quarter.
  • 15 funds opened new VelocityShares Daily Inverse VIX Short Term ETN positions in Q3 2017 and 12 closed out, a net change of +3 holders.
  • The largest VelocityShares Daily Inverse VIX Short Term ETN buyer in Q3 2017 was Citadel Advisors, an estimated $32.7M added.
  • The largest VelocityShares Daily Inverse VIX Short Term ETN seller in Q3 2017 was Jane Street, an estimated $132M sold.

Based on aggregated 13F filings for Q3 2017.