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Direxion Daily Financial Bull 3x ETF
FAS

49 hedge funds and large institutions have $97.6M invested in Direxion Daily Financial Bull 3x ETF in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 12

27% more capital invested

Capital invested by funds: $76.9M → $97.6M (+$20.6M)

11% more funds holding

Funds holding: 44 → 49 (+5)

0.14% more ownership

Funds ownership: 7.25% → 7.39% (+0.14%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

31% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 13

34% less call options, than puts

Call options by funds: $126M | Put options by funds: $191M

Holders
49
Holders Change
+5
Holders Change %
+11.36%
% of All Funds
1.23%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
17
Increased
9
Reduced
13
Closed
12
Calls
$126M
Puts
$191M
Net Calls
-$65M
Net Calls Change
-$30.1M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$7.02M
2
QIM
Quantitative Investment Management
Virginia
+$4.1M
3
HT
HAP Trading
New York
+$3.33M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.71M
5
SCM
Stevens Capital Management
Pennsylvania
+$1.48M

Top Sellers

1
TH
Timber Hill
Connecticut
-$5.82M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$5.71M
3
Barclays
Barclays
United Kingdom
-$3.73M
4
CG
Cutler Group
California
-$3.32M
5
VF
Virtu Financial
New York
-$2.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$369K +$304K +8,814 +4,407%
CLOS
27
Compagnie Lombard Odier SCmA
Switzerland
$320K – – –
Citadel Advisors
28
Citadel Advisors
Florida
$303K -$2.2M -63,624 -90%
Bank of America
29
Bank of America
North Carolina
$280K -$31.7K -918 -12%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$245K +$207K +6,000 New
TSS
31
Two Sigma Securities
New York
$215K +$182K +5,259 New
SBIA
32
Sheaff Brock Investment Advisors
Indiana
$205K +$173K +5,000 New
Creative Planning
33
Creative Planning
Kansas
$196K -$1.13M -32,840 -87%
VIA
34
Vantage Investment Advisors
Pennsylvania
$196K – – –
CTC
35
Central Trust Company
Missouri
$145K +$123K +3,552 New
AG
36
Advisor Group
Arizona
$88K +$74.4K +2,156 New
IP
37
Intellectus Partners
California
$70K +$59.4K +1,720 New
Fifth Third Bancorp
38
Fifth Third Bancorp
Ohio
$67K -$87K -2,520 -61%
JT
39
Jump Trading
Illinois
$27K +$22.7K +658 New
US Bancorp
40
US Bancorp
Minnesota
$26K – – –
FANJ
41
Financial Architects (New Jersey)
New Jersey
$24K +$13.8K +400 +200%
TRCT
42
Tower Research Capital (TRC)
New York
$20K -$1.16M -33,570 -99%
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$18K +$15.5K +450 New
TWA
44
TCI Wealth Advisors
Arizona
$7K – – –
ED
45
Exane Derivatives
France
$1.43K -$2.17K -63 -64%
IF
46
Ironwood Financial
Arizona
$1K – – –
FPF
47
FNY Partners Fund
New York
$344 +$290K +8,400 New
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
– -$5.71M -165,432 Closed
CG
49
Cutler Group
California
– -$3.32M -96,315 Closed
VF
50
Virtu Financial
New York
– -$2.46M -84,488 Closed
1
2
3

FAS Hedge Fund Activity: Q4 2016 in Review

49 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2016, worth a combined $97.6M — up 27% from $76.9M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FAS positions and 12 closed out — a net gain of 5 holders — while 9 added to existing stakes and 13 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $7.02M. The largest seller was Timber Hill, cutting an estimated $5.82M.

  • 49 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2016, up from 44 in Q3 2016.
  • Funds reported $97.6M of Direxion Daily Financial Bull 3x ETF stock for Q4 2016, up 27% quarter-over-quarter.
  • 17 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2016 and 12 closed out, a net change of +5 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2016 was Goldman Sachs, an estimated $7.02M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2016 was Timber Hill, an estimated $5.82M sold.

Based on aggregated 13F filings for Q4 2016.