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Direxion Daily Financial Bull 3x ETF
FAS

43 hedge funds and large institutions have $81.3M invested in Direxion Daily Financial Bull 3x ETF in 2016 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

19% more funds holding

Funds holding: 36 → 43 (+7)

0.56% less ownership

Funds ownership: 8.08% → 7.52% (-0.56%)

16% less capital invested

Capital invested by funds: $96.9M → $81.3M (-$15.6M)

28% less call options, than puts

Call options by funds: $98.7M | Put options by funds: $136M

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

54% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 13

Holders
43
Holders Change
+7
Holders Change %
+19.44%
% of All Funds
1.15%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
13
Increased
6
Reduced
13
Closed
6
Calls
$98.7M
Puts
$136M
Net Calls
-$37.7M
Net Calls Change
-$19.2M

Top Buyers

1
QIM
Quantitative Investment Management
Virginia
+$2.36M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$2.14M
3
VF
Virtu Financial
New York
+$1.71M
4
CS
Credit Suisse
Switzerland
+$1.46M
5
GA
GFS Advisors
Texas
+$1.4M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$22.2M
2
Jane Street
Jane Street
New York
-$4.25M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.48M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$1.31M
5
SCM
Stevens Capital Management
Pennsylvania
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
26
Citadel Advisors
Florida
$265K -$170K -6,471 -38%
CLOS
27
Compagnie Lombard Odier SCmA
Switzerland
$198K – – –
WAM
28
Wolverine Asset Management
Illinois
$187K -$423K -16,100 -69%
MSFP
29
Mark Sheptoff Financial Planning
Connecticut
$153K – – –
VIA
30
Vantage Investment Advisors
Pennsylvania
$122K – – –
Fifth Third Bancorp
31
Fifth Third Bancorp
Ohio
$106K +$43K +1,635 +65%
Morgan Stanley
32
Morgan Stanley
New York
$73K -$436K -16,580 -85%
S
33
SignatureFD
Georgia
$20K – – –
FANJ
34
Financial Architects (New Jersey)
New Jersey
$20K +$20.4K +775 New
US Bancorp
35
US Bancorp
Minnesota
$16K – – –
Wells Fargo
36
Wells Fargo
California
$15K -$23.7K -900 -60%
WA
37
WFG Advisors
Texas
$14K – – –
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$5K +$5.26K +200 New
ED
39
Exane Derivatives
France
$2.55K -$9.31K -354 -77%
BlackRock
40
BlackRock
New York
$2K +$2.21K +84 New
IF
41
Ironwood Financial
Arizona
$1K – – –
CA
42
Commerzbank Aktiengesellschaft
Germany
$284 +$293K +11,146 New
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
– -$2.48M -100,000 Closed
SCM
44
Stevens Capital Management
Pennsylvania
– -$1.12M -45,135 Closed
LPL Financial
45
LPL Financial
California
– -$277K -11,536 Closed
Citigroup
46
Citigroup
New York
– -$211K -8,510 Closed
FAM
47
Formidable Asset Management
Ohio
– -$63K -2,304 Closed
Walleye Trading
48
Walleye Trading
New York
– -$43.1K -1,639 Closed
1
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FAS Hedge Fund Activity: Q2 2016 in Review

43 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2016, worth a combined $81.3M — down 16% from $96.9M a quarter earlier.

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

The largest buyer was Quantitative Investment Management, opening a new position worth an estimated $2.36M. The largest seller was Goldman Sachs, cutting an estimated $22.2M.

  • 43 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2016, up from 36 in Q1 2016.
  • Funds reported $81.3M of Direxion Daily Financial Bull 3x ETF stock for Q2 2016, down 16% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2016 and 6 closed out, a net change of +7 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2016 was Quantitative Investment Management, an estimated $2.36M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2016 was Goldman Sachs, an estimated $22.2M sold.

Based on aggregated 13F filings for Q2 2016.