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Direxion Daily Financial Bull 3x ETF
FAS

43 hedge funds and large institutions have $111M invested in Direxion Daily Financial Bull 3x ETF in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 8 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 8

13% more funds holding

Funds holding: 38 → 43 (+5)

35% less call options, than puts

Call options by funds: $178M | Put options by funds: $275M

47% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 15

59.54% less ownership

Funds ownership: 94.93% → 35.39% (-60%)

65% less capital invested

Capital invested by funds: $315M → $111M (-$204M)

Holders
43
Holders Change
+5
Holders Change %
+13.16%
% of All Funds
1.25%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
13
Increased
8
Reduced
15
Closed
8
Calls
$178M
Puts
$275M
Net Calls
-$97.7M
Net Calls Change
-$29.5M

Top Buyers

Rank Fund Capital Flow
1
DS
DRW Securities
Illinois
+$3.68M
2
VF
Virtu Financial
New York
+$3.08M
3
SG Americas Securities
SG Americas Securities
New York
+$1.93M
4
CPSAC
Chas P. Smith & Associates (CPS)
Florida
+$1.45M
5
GIM
Guild Investment Management
California
+$1.34M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$252M
2
QIM
Quantitative Investment Management
Virginia
-$9.66M
3
SCM
Stevens Capital Management
Pennsylvania
-$3.89M
4
JP Morgan Chase
JP Morgan Chase
New York
-$3.81M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
26
Two Sigma Advisers
New York
$346K +$304K +15,320 New
SCM
27
SOL Capital Management
Maryland
$271K – – –
Jane Street
28
Jane Street
New York
$271K +$3.97K +200 +2%
Creative Planning
29
Creative Planning
Kansas
$181K -$874K -44,000 -85%
U
30
UBS
Switzerland
$177K -$2.67M -134,432 -94%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$165K -$102K -5,160 -41%
LOCB
32
Lombard Odier & Cie (Bahamas)
Bahamas
$163K +$143K +7,200 New
Walleye Trading
33
Walleye Trading
New York
$142K -$2.63M -132,384 -95%
PG
34
PEAK6 Group
Illinois
$135K -$135K -6,792 -53%
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$135K +$119K +6,000 New
VIA
36
Vantage Investment Advisors
Pennsylvania
$108K +$95.3K +4,800 New
Fifth Third Bancorp
37
Fifth Third Bancorp
Ohio
$51K +$5.96K +300 +15%
FAM
38
Formidable Asset Management
Ohio
$48K – – –
WA
39
WFG Advisors
Texas
$20K – – –
WAM
40
Wolverine Asset Management
Illinois
$18K +$15.9K +800 New
US Bancorp
41
US Bancorp
Minnesota
$14K – – –
TRCT
42
Tower Research Capital (TRC)
New York
$3K -$169K -8,520 -98%
SCM
43
Stevens Capital Management
Pennsylvania
– -$3.89M -226,212 Closed
JP Morgan Chase
44
JP Morgan Chase
New York
– -$3.81M -221,712 Closed
PRCM
45
Pine River Capital Management
Minnesota
– -$2.06M -104,000 Closed
QC
46
QCM Cayman
Texas
– -$621K -36,116 Closed
VKH
47
Virtu KCG Holdings
New York
– -$540K -27,220 Closed
AWCI
48
Alpine Woods Capital Investors
New York
– -$268K -15,600 Closed
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
– -$5K -300 Closed
TAIM
50
TD Ameritrade Investment Management
Nebraska
– -$1K -44 Closed
1
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FAS Hedge Fund Activity: Q4 2013 in Review

43 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2013, worth a combined $111M — down 65% from $315M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FAS positions and 8 closed out — a net gain of 5 holders — while 8 added to existing stakes and 15 trimmed.

The largest buyer was DRW Securities, adding an estimated $3.68M. The largest seller was Goldman Sachs, cutting an estimated $252M.

  • 43 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2013, up from 38 in Q3 2013.
  • Funds reported $111M of Direxion Daily Financial Bull 3x ETF stock for Q4 2013, down 65% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2013 and 8 closed out, a net change of +5 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2013 was DRW Securities, an estimated $3.68M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2013 was Goldman Sachs, an estimated $252M sold.

Based on aggregated 13F filings for Q4 2013.