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Direxion Daily Financial Bull 3x ETF
FAS

46 hedge funds and large institutions have $140M invested in Direxion Daily Financial Bull 3x ETF in 2014 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

7% more funds holding

Funds holding: 43 → 46 (+3)

20% less call options, than puts

Call options by funds: $226M | Put options by funds: $282M

31.88% less ownership

Funds ownership: 71.19% → 39.31% (-32%)

38% less capital invested

Capital invested by funds: $228M → $140M (-$87.4M)

53% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 15

Holders
46
Holders Change
+3
Holders Change %
+6.98%
% of All Funds
1.23%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
13
Increased
7
Reduced
15
Closed
9
Calls
$226M
Puts
$282M
Net Calls
-$56M
Net Calls Change
-$22.5M

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$30.5M
2
QIM
Quantitative Investment Management
Virginia
+$5.47M
3
Two Sigma Investments
Two Sigma Investments
New York
+$2.7M
4
VF
Virtu Financial
New York
+$1.85M
5
Creative Planning
Creative Planning
Kansas
+$675K

Top Sellers

1
CS
Credit Suisse
Switzerland
-$113M
2
Citigroup
Citigroup
New York
-$15.7M
3
Jane Street
Jane Street
New York
-$12.4M
4
Goldman Sachs
Goldman Sachs
New York
-$11.4M
5
SG Americas Securities
SG Americas Securities
New York
-$3.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
CT
26
CMT Trading
Illinois
$420K +$13K +456 +4%
MSFP
27
Mark Sheptoff Financial Planning
Connecticut
$413K +$177K +6,200 +91%
SCM
28
SOL Capital Management
Maryland
$381K – – –
LPL Financial
29
LPL Financial
California
$327K -$76.2K -2,668 -21%
SGH
30
Schonfeld Group Holdings
New York
$318K -$57.1K -2,000 -17%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$311K – – –
LOCB
32
Lombard Odier & Cie (Bahamas)
Bahamas
$229K – – –
ID
33
Integral Derivatives
New York
$229K +$206K +7,200 New
FWCM
34
First Western Capital Management
California
$223K +$200K +7,000 New
VIA
35
Vantage Investment Advisors
Pennsylvania
$153K – – –
PFG
36
Pacific Financial Group
Washington
$146K +$131K +4,600 New
S
37
SignatureFD
Georgia
$87K +$78.1K +2,736 New
FAM
38
Formidable Asset Management
Ohio
$73K – – –
Fifth Third Bancorp
39
Fifth Third Bancorp
Ohio
$45K – – –
ED
40
Exane Derivatives
France
$39.9K +$35.9K +1,256 New
US Bancorp
41
US Bancorp
Minnesota
$20K – – –
WA
42
WFG Advisors
Texas
$17K – – –
PFG
43
Piershale Financial Group
Illinois
$4K +$685 +24 +21%
CAPTRUST Financial Advisors
44
CAPTRUST Financial Advisors
North Carolina
$3K +$2.85K +100 New
IF
45
Ironwood Financial
Arizona
$1K +$1.03K +36 New
SG Americas Securities
46
SG Americas Securities
New York
– -$3.63M -141,068 Closed
WAM
47
Wolverine Asset Management
Illinois
– -$2.27M -79,640 Closed
HT
48
HAP Trading
New York
– -$1.71M -60,000 Closed
TH
49
Timber Hill
Connecticut
– -$379K -14,720 Closed
MSU
50
Maple Securities USA
New Jersey
– -$244K -9,488 Closed
1
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FAS Hedge Fund Activity: Q4 2014 in Review

46 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2014, worth a combined $140M — down 38% from $228M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FAS positions and 9 closed out — a net gain of 4 holders — while 7 added to existing stakes and 15 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $30.5M. The largest seller was Credit Suisse, cutting an estimated $113M.

  • 46 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2014, up from 43 in Q3 2014.
  • Funds reported $140M of Direxion Daily Financial Bull 3x ETF stock for Q4 2014, down 38% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2014 and 9 closed out, a net change of +4 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2014 was Susquehanna International Group, an estimated $30.5M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2014 was Credit Suisse, an estimated $113M sold.

Based on aggregated 13F filings for Q4 2014.