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Direxion Daily Financial Bull 3x ETF
FAS

42 hedge funds and large institutions have $103M invested in Direxion Daily Financial Bull 3x ETF in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

17% more funds holding

Funds holding: 36 → 42 (+6)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

14.89% less ownership

Funds ownership: 51.41% → 36.52% (-15%)

25% less call options, than puts

Call options by funds: $190M | Put options by funds: $252M

36% less capital invested

Capital invested by funds: $160M → $103M (-$57.3M)

46% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 13

Holders
42
Holders Change
+6
Holders Change %
+16.67%
% of All Funds
1.21%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
14
Increased
7
Reduced
13
Closed
8
Calls
$190M
Puts
$252M
Net Calls
-$62.3M
Net Calls Change
+$38.1M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$2.62M
2
VCAM
Valentine Capital Asset Management
California
+$2.54M
3
Walleye Trading
Walleye Trading
New York
+$2.5M
4
Two Sigma Investments
Two Sigma Investments
New York
+$2.47M
5
Jane Street
Jane Street
New York
+$1.45M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$24.5M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$10.4M
3
Morgan Stanley
Morgan Stanley
New York
-$9.46M
4
Citigroup
Citigroup
New York
-$9.18M
5
EWA
Exencial Wealth Advisors
Oklahoma
-$6.24M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$264K – – –
IIA
27
IPG Investment Advisors
California
$243K +$225K +9,720 New
BHA
28
Beech Hill Advisors
New York
$225K +$208K +9,000 New
MSFP
29
Mark Sheptoff Financial Planning
Connecticut
$190K +$37.1K +1,600 +27%
LOCB
30
Lombard Odier & Cie (Bahamas)
Bahamas
$180K – – –
VIA
31
Vantage Investment Advisors
Pennsylvania
$120K – – –
Creative Planning
32
Creative Planning
Kansas
$100K -$185K -8,000 -67%
JT
33
Jump Trading
Illinois
$69K +$64.3K +2,776 New
FIG
34
Fusion Investment Group
Pennsylvania
$64K +$59.2K +2,556 New
FAM
35
Formidable Asset Management
Ohio
$58K – – –
Fifth Third Bancorp
36
Fifth Third Bancorp
Ohio
$35K -$11.3K -488 -26%
NFG
37
Next Financial Group
Texas
$34K +$32.9K +1,420 New
US Bancorp
38
US Bancorp
Minnesota
$16K – – –
WA
39
WFG Advisors
Texas
$14K -$7.41K -320 -37%
BRWA
40
B. Riley Wealth Advisors
Florida
$6K +$5.56K +240 New
Walleye Trading
41
Walleye Trading
New York
$2.7K +$2.5M +107,872 New
CA
42
CapWealth Advisors
Tennessee
$2K +$1.67K +72 New
EWA
43
Exencial Wealth Advisors
Oklahoma
– -$6.24M -282,176 Closed
PRCM
44
Pine River Capital Management
Minnesota
– -$4.18M -176,636 Closed
TRCT
45
Tower Research Capital (TRC)
New York
– -$2.7M -114,256 Closed
SGH
46
Schonfeld Group Holdings
New York
– -$1.03M -43,600 Closed
TH
47
Timber Hill
Connecticut
– -$560K -23,680 Closed
FWCM
48
First Western Capital Management
California
– -$484K -20,440 Closed
GT
49
Glenmede Trust
Pennsylvania
– -$109K -4,640 Closed
Wells Fargo
50
Wells Fargo
California
– -$93 -4 Closed
1
2

FAS Hedge Fund Activity: Q2 2014 in Review

42 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2014, worth a combined $103M — down 36% from $160M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FAS positions and 8 closed out — a net gain of 6 holders — while 7 added to existing stakes and 13 trimmed.

The largest buyer was Citadel Advisors, opening a new position worth an estimated $2.62M. The largest seller was Goldman Sachs, cutting an estimated $24.5M.

  • 42 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2014, up from 36 in Q1 2014.
  • Funds reported $103M of Direxion Daily Financial Bull 3x ETF stock for Q2 2014, down 36% quarter-over-quarter.
  • 14 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2014 and 8 closed out, a net change of +6 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2014 was Citadel Advisors, an estimated $2.62M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2014 was Goldman Sachs, an estimated $24.5M sold.

Based on aggregated 13F filings for Q2 2014.