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Direxion Daily Financial Bull 3x ETF
FAS

48 hedge funds and large institutions have $74.7M invested in Direxion Daily Financial Bull 3x ETF in 2015 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less funds holding

Funds holding: 49 → 48 (-1)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

13% less call options, than puts

Call options by funds: $141M | Put options by funds: $161M

17% less capital invested

Capital invested by funds: $89.8M → $74.7M (-$15.2M)

21.5% less ownership

Funds ownership: 27.94% → 6.44% (-21%)

44% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 16

Holders
48
Holders Change
-1
Holders Change %
-2.04%
% of All Funds
1.29%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
8
Increased
9
Reduced
16
Closed
9
Calls
$141M
Puts
$161M
Net Calls
-$20.2M
Net Calls Change
+$71.2M

Top Buyers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
+$5.46M
2
JP Morgan Chase
JP Morgan Chase
New York
+$5.18M
3
TH
Timber Hill
Connecticut
+$2.64M
4
Bank of America
Bank of America
North Carolina
+$783K
5
Creative Planning
Creative Planning
Kansas
+$734K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$13.8M
2
VCAM
Valentine Capital Asset Management
California
-$3.55M
3
Barclays
Barclays
United Kingdom
-$2.99M
4
Morgan Stanley
Morgan Stanley
New York
-$1.88M
5
BFG
Bouchey Financial Group
New York
-$1.67M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
26
Stevens Capital Management
Pennsylvania
$203K -$610K -19,016 -75%
Citigroup
27
Citigroup
New York
$181K +$185K +5,775 New
VIA
28
Vantage Investment Advisors
Pennsylvania
$150K – – –
CLOS
29
Compagnie Lombard Odier SCmA
Switzerland
$122K -$106K -3,300 -46%
LOCB
30
Lombard Odier & Cie (Bahamas)
Bahamas
$122K -$106K -3,300 -46%
S
31
SignatureFD
Georgia
$86K – – –
Fifth Third Bancorp
32
Fifth Third Bancorp
Ohio
$79K +$30.8K +960 +62%
FAM
33
Formidable Asset Management
Ohio
$72K – – –
Bank of Montreal
34
Bank of Montreal
Ontario, Canada
$63K – – –
FIG
35
Fusion Investment Group
Pennsylvania
$52K +$53.8K +1,676 New
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$30K – – –
ED
37
Exane Derivatives
France
$25.9K – – –
FA
38
FMA Advisory
Pennsylvania
$23K +$23.1K +720 New
TIM
39
Tortoise Investment Management
New York
$22K +$22.5K +700 New
US Bancorp
40
US Bancorp
Minnesota
$20K – – –
WA
41
WFG Advisors
Texas
$17K – – –
TRCT
42
Tower Research Capital (TRC)
New York
$9K -$16.6K -517 -64%
PFG
43
Piershale Financial Group
Illinois
$6K +$6.42K +200 New
WA
44
Waverly Advisors
Alabama
$5K – – –
Barclays
45
Barclays
United Kingdom
$3K -$2.99M -93,069 -100%
CAPTRUST Financial Advisors
46
CAPTRUST Financial Advisors
North Carolina
$3K – – –
IF
47
Ironwood Financial
Arizona
$1K – – –
Franklin Resources
48
Franklin Resources
California
– -$1.54M -50,400 Closed
Millennium Management
49
Millennium Management
New York
– -$1M -32,764 Closed
ID
50
Integral Derivatives
New York
– -$623K -20,400 Closed
1
2
3

FAS Hedge Fund Activity: Q2 2015 in Review

48 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2015, worth a combined $74.7M — down 17% from $89.8M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of FAS and 8 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 9 added.

The largest buyer was Credit Suisse, adding an estimated $5.46M. The largest seller was Jane Street, cutting an estimated $13.8M.

  • 48 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2015, down from 49 in Q1 2015.
  • Funds reported $74.7M of Direxion Daily Financial Bull 3x ETF stock for Q2 2015, down 17% quarter-over-quarter.
  • 8 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2015 and 9 closed out, a net change of -1 holder.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2015 was Credit Suisse, an estimated $5.46M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2015 was Jane Street, an estimated $13.8M sold.

Based on aggregated 13F filings for Q2 2015.