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Direxion Daily Financial Bull 3x ETF
FAS

44 hedge funds and large institutions have $76.9M invested in Direxion Daily Financial Bull 3x ETF in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

2% more funds holding

Funds holding: 43 → 44 (+1)

0.27% less ownership

Funds ownership: 7.52% → 7.25% (-0.27%)

5% less capital invested

Capital invested by funds: $81.3M → $76.9M (-$4.36M)

23% less call options, than puts

Call options by funds: $119M | Put options by funds: $154M

53% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 17

Holders
44
Holders Change
+1
Holders Change %
+2.33%
% of All Funds
1.17%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
8
Increased
8
Reduced
17
Closed
6
Calls
$119M
Puts
$154M
Net Calls
-$34.9M
Net Calls Change
+$2.84M

Top Buyers

1
Citigroup
Citigroup
New York
+$2.87M
2
Barclays
Barclays
United Kingdom
+$2.53M
3
Morgan Stanley
Morgan Stanley
New York
+$2.02M
4
CG
Cutler Group
California
+$2.01M
5
Citadel Advisors
Citadel Advisors
Florida
+$1.74M

Top Sellers

1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$7.17M
2
Jane Street
Jane Street
New York
-$4.72M
3
BFG
Bouchey Financial Group
New York
-$3.26M
4
TRCT
Tower Research Capital (TRC)
New York
-$3M
5
QIM
Quantitative Investment Management
Virginia
-$2.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$253K -$249K -8,676 -50%
CLOS
27
Compagnie Lombard Odier SCmA
Switzerland
$228K – – –
Bank of America
28
Bank of America
North Carolina
$227K -$641K -22,332 -74%
WAM
29
Wolverine Asset Management
Illinois
$199K -$14.3K -500 -7%
MSFP
30
Mark Sheptoff Financial Planning
Connecticut
$175K – – –
Walleye Trading
31
Walleye Trading
New York
$170K +$168K +5,839 New
VIA
32
Vantage Investment Advisors
Pennsylvania
$140K – – –
Fifth Third Bancorp
33
Fifth Third Bancorp
Ohio
$121K – – –
S
34
SignatureFD
Georgia
$33K +$10.3K +360 +47%
JFA
35
JNBA Financial Advisors
Minnesota
$33K +$32.4K +1,128 New
US Bancorp
36
US Bancorp
Minnesota
$18K – – –
WA
37
WFG Advisors
Texas
$15K -$1.03K -36 -7%
FANJ
38
Financial Architects (New Jersey)
New Jersey
$6K -$16.5K -575 -74%
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$6K – – –
TWA
40
TCI Wealth Advisors
Arizona
$5K +$4.85K +169 New
PFG
41
Piershale Financial Group
Illinois
$5K +$5.31K +185 New
ED
42
Exane Derivatives
France
$2.86K -$172 -6 -6%
IF
43
Ironwood Financial
Arizona
$1K – – –
QIM
44
Quantitative Investment Management
Virginia
– -$2.29M -89,800 Closed
SG Americas Securities
45
SG Americas Securities
New York
– -$1.34M -52,516 Closed
AWCI
46
Alpine Woods Capital Investors
New York
– -$522K -20,500 Closed
CA
47
Commerzbank Aktiengesellschaft
Germany
– -$284 -11,146 Closed
Wells Fargo
48
Wells Fargo
California
– -$17.2K -600 Closed
BlackRock
49
BlackRock
New York
– -$2K -84 Closed
1
2

FAS Hedge Fund Activity: Q3 2016 in Review

44 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2016, worth a combined $76.9M — down 5.4% from $81.3M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FAS positions and 6 closed out — a net gain of 2 holders — while 8 added to existing stakes and 17 trimmed.

The largest buyer was Citigroup, opening a new position worth an estimated $2.87M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $7.17M.

  • 44 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2016, up from 43 in Q2 2016.
  • Funds reported $76.9M of Direxion Daily Financial Bull 3x ETF stock for Q3 2016, down 5.4% quarter-over-quarter.
  • 8 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2016 and 6 closed out, a net change of +2 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2016 was Citigroup, an estimated $2.87M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2016 was BNP Paribas Financial Markets, an estimated $7.17M sold.

Based on aggregated 13F filings for Q3 2016.