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Direxion Daily Financial Bull 3x ETF
FAS

36 hedge funds and large institutions have $160M invested in Direxion Daily Financial Bull 3x ETF in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

100% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 7

44% more capital invested

Capital invested by funds: $111M → $160M (+$49.3M)

16.02% more ownership

Funds ownership: 35.39% → 51.41% (+16%)

16% less funds holding

Funds holding: 43 → 36 (-7)

28% less call options, than puts

Call options by funds: $260M | Put options by funds: $360M

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

Holders
36
Holders Change
-7
Holders Change %
-16.28%
% of All Funds
1.04%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
8
Increased
14
Reduced
7
Closed
15
Calls
$260M
Puts
$360M
Net Calls
-$100M
Net Calls Change
-$2.64M

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$13.3M
2
CS
Credit Suisse
Switzerland
+$12.9M
3
Goldman Sachs
Goldman Sachs
New York
+$12.8M
4
EWA
Exencial Wealth Advisors
Oklahoma
+$6.25M
5
PRCM
Pine River Capital Management
Minnesota
+$3.91M

Top Sellers

1
DS
DRW Securities
Illinois
-$4.41M
2
Citigroup
Citigroup
New York
-$4.29M
3
SG Americas Securities
SG Americas Securities
New York
-$2.89M
4
VF
Virtu Financial
New York
-$1.87M
5
QIM
Quantitative Investment Management
Virginia
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$249K +$71.9K +3,248 +45%
LOCB
27
Lombard Odier & Cie (Bahamas)
Bahamas
$170K – – –
MSFP
28
Mark Sheptoff Financial Planning
Connecticut
$142K +$133K +6,000 New
VIA
29
Vantage Investment Advisors
Pennsylvania
$114K – – –
GT
30
Glenmede Trust
Pennsylvania
$109K +$103K +4,640 New
FAM
31
Formidable Asset Management
Ohio
$50K – – –
Fifth Third Bancorp
32
Fifth Third Bancorp
Ohio
$45K -$8.23K -372 -16%
U
33
UBS
Switzerland
$25K -$150K -6,780 -86%
WA
34
WFG Advisors
Texas
$20K -$797 -36 -4%
US Bancorp
35
US Bancorp
Minnesota
$15K – – –
DS
36
DRW Securities
Illinois
– -$4.41M -195,448 Closed
SG Americas Securities
37
SG Americas Securities
New York
– -$2.89M -128,160 Closed
QIM
38
Quantitative Investment Management
Virginia
– -$1.72M -76,000 Closed
GIM
39
Guild Investment Management
California
– -$1.53M -67,600 Closed
CA
40
Commerzbank Aktiengesellschaft
Germany
– -$1.27M -62,836 Closed
Franklin Resources
41
Franklin Resources
California
– -$1.14M -50,400 Closed
Verition Fund Management
42
Verition Fund Management
Connecticut
– -$847K -37,488 Closed
Nomura Holdings
43
Nomura Holdings
Japan
– -$745K -33,232 Closed
CCA
44
Catalyst Capital Advisors
New York
– -$452K -20,000 Closed
BHA
45
Beech Hill Advisors
New York
– -$382K -16,900 Closed
Two Sigma Advisers
46
Two Sigma Advisers
New York
– -$346K -15,320 Closed
Walleye Trading
47
Walleye Trading
New York
– -$139K -6,280 Closed
PG
48
PEAK6 Group
Illinois
– -$135K -6,000 Closed
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
– -$135K -6,000 Closed
WAM
50
Wolverine Asset Management
Illinois
– -$17.7K -800 Closed
1
2

FAS Hedge Fund Activity: Q1 2014 in Review

36 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2014, worth a combined $160M — up 44% from $111M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FAS and 8 opened new positions — a net loss of 7 holders — while 7 trimmed existing stakes and 14 added.

The largest buyer was Susquehanna International Group, adding an estimated $13.3M. The largest seller was DRW Securities, exiting entirely with an estimated $4.41M sold.

  • 36 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2014, down from 43 in Q4 2013.
  • Funds reported $160M of Direxion Daily Financial Bull 3x ETF stock for Q1 2014, up 44% quarter-over-quarter.
  • 8 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2014 and 15 closed out, a net change of -7 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2014 was Susquehanna International Group, an estimated $13.3M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2014 was DRW Securities, an estimated $4.41M sold.

Based on aggregated 13F filings for Q1 2014.