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Direxion Daily Financial Bull 3x ETF
FAS

43 hedge funds and large institutions have $73.4M invested in Direxion Daily Financial Bull 3x ETF in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.2% less ownership

Funds ownership: 6.44% → 6.24% (-0.2%)

2% less capital invested

Capital invested by funds: $74.7M → $73.4M (-$1.3M)

7% less call options, than puts

Call options by funds: $86.3M | Put options by funds: $92.4M

10% less funds holding

Funds holding: 48 → 43 (-5)

18% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 11

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
43
Holders Change
-5
Holders Change %
-10.42%
% of All Funds
1.2%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
7
Increased
9
Reduced
11
Closed
11
Calls
$86.3M
Puts
$92.4M
Net Calls
-$6.14M
Net Calls Change
+$14.1M

Top Buyers

1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$9.16M
2
SG Americas Securities
SG Americas Securities
New York
+$8.74M
3
TH
Timber Hill
Connecticut
+$4.75M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$4.34M
5
TRCT
Tower Research Capital (TRC)
New York
+$2.98M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$5.06M
2
Goldman Sachs
Goldman Sachs
New York
-$3.54M
3
Jane Street
Jane Street
New York
-$2.92M
4
CS
Credit Suisse
Switzerland
-$1.78M
5
BFG
Bouchey Financial Group
New York
-$834K
Name Holding Trade Value Shares
Change 		Change in
Stake
VIA
26
Vantage Investment Advisors
Pennsylvania
$121K – – –
CLOS
27
Compagnie Lombard Odier SCmA
Switzerland
$98K – – –
LOCB
28
Lombard Odier & Cie (Bahamas)
Bahamas
$98K – – –
Simplex Trading
29
Simplex Trading
Illinois
$97K +$118K +3,871 New
Fifth Third Bancorp
30
Fifth Third Bancorp
Ohio
$63K – – –
FAM
31
Formidable Asset Management
Ohio
$57K – – –
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$50K – – –
S
33
SignatureFD
Georgia
$45K -$28.8K -943 -34%
FIG
34
Fusion Investment Group
Pennsylvania
$42K – – –
SSG
35
Summit Securities Group
New York
$39K +$44.3K +1,449 New
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$24K – – –
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$24K +$29K +950 New
US Bancorp
38
US Bancorp
Minnesota
$16K – – –
WA
39
WFG Advisors
Texas
$14K – – –
ED
40
Exane Derivatives
France
$11.5K -$11.3K -370 -45%
CAPTRUST Financial Advisors
41
CAPTRUST Financial Advisors
North Carolina
$3K – – –
IF
42
Ironwood Financial
Arizona
$1K – – –
JP Morgan Chase
43
JP Morgan Chase
New York
– -$5.06M -161,529 Closed
Walleye Trading
44
Walleye Trading
New York
– -$707K -23,152 Closed
CPSAC
45
Chas P. Smith & Associates (CPS)
Florida
– -$381K -12,167 Closed
QC
46
QCM Cayman
Texas
– -$345K -11,010 Closed
WSTAM
47
Wilbanks Smith & Thomas Asset Management
Virginia
– -$325K -10,375 Closed
FWCM
48
First Western Capital Management
California
– -$249K -7,950 Closed
LPL Financial
49
LPL Financial
California
– -$214K -6,688 Closed
Citigroup
50
Citigroup
New York
– -$181K -5,775 Closed
1
2
3

FAS Hedge Fund Activity: Q3 2015 in Review

43 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2015, worth a combined $73.4M — down 1.7% from $74.7M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of FAS and 7 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 9 added.

The largest buyer was BNP Paribas Financial Markets, adding an estimated $9.16M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $5.06M sold.

  • 43 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2015, down from 48 in Q2 2015.
  • Funds reported $73.4M of Direxion Daily Financial Bull 3x ETF stock for Q3 2015, down 1.7% quarter-over-quarter.
  • 7 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2015 and 11 closed out, a net change of -4 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2015 was BNP Paribas Financial Markets, an estimated $9.16M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2015 was JP Morgan Chase, an estimated $5.06M sold.

Based on aggregated 13F filings for Q3 2015.