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Direxion Daily Financial Bull 3x ETF
FAS

46 hedge funds and large institutions have $81.6M invested in Direxion Daily Financial Bull 3x ETF in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1.62% less ownership

Funds ownership: 7.39% → 5.77% (-1.6%)

6% less funds holding

Funds holding: 49 → 46 (-3)

16% less capital invested

Capital invested by funds: $97.6M → $81.6M (-$16M)

20% less call options, than puts

Call options by funds: $45.4M | Put options by funds: $56.4M

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

47% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 19

Holders
46
Holders Change
-3
Holders Change %
-6.12%
% of All Funds
1.15%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
5
Increased
10
Reduced
19
Closed
8
Calls
$45.4M
Puts
$56.4M
Net Calls
-$11M
Net Calls Change
+$53.9M

Top Buyers

1
QIM
Quantitative Investment Management
Virginia
+$6.78M
2
VF
Virtu Financial
New York
+$5.29M
3
CG
Cutler Group
California
+$3.37M
4
TH
Timber Hill
Connecticut
+$1.87M
5
Barclays
Barclays
United Kingdom
+$1.2M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$23.3M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$4.88M
3
HT
HAP Trading
New York
-$3.94M
4
Jane Street
Jane Street
New York
-$2.23M
5
WAM
Wolverine Asset Management
Illinois
-$1.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$342K -$58.9K -1,319 -15%
Jane Street
27
Jane Street
New York
$336K -$2.23M -49,897 -87%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$266K – – –
SBIA
29
Sheaff Brock Investment Advisors
Indiana
$222K – – –
VIA
30
Vantage Investment Advisors
Pennsylvania
$213K – – –
Simplex Trading
31
Simplex Trading
Illinois
$198K +$200K +4,465 New
CLOS
32
Compagnie Lombard Odier SCmA
Switzerland
$173K -$174K -3,900 -50%
CTC
33
Central Trust Company
Missouri
$158K – – –
UBS Group
34
UBS Group
Switzerland
$97K -$361K -8,089 -79%
AG
35
Advisor Group
Arizona
$87K -$8.76K -196 -9%
Fifth Third Bancorp
36
Fifth Third Bancorp
Ohio
$73K – – –
FPF
37
FNY Partners Fund
New York
$57K -$317K -7,100 -85%
IP
38
Intellectus Partners
California
$32K -$44.7K -1,000 -58%
US Bancorp
39
US Bancorp
Minnesota
$28K – – –
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$13K -$6.7K -150 -33%
TWA
41
TCI Wealth Advisors
Arizona
$8K – – –
TRCT
42
Tower Research Capital (TRC)
New York
$4K -$16.8K -377 -79%
IF
43
Ironwood Financial
Arizona
$2K – – –
PA
44
Parallel Advisors
California
$1K +$670 +15 New
ED
45
Exane Derivatives
France
$666 -$894 -20 -57%
BNP Paribas Financial Markets
46
BNP Paribas Financial Markets
France
– -$4.88M -119,244 Closed
HT
47
HAP Trading
New York
– -$3.94M -96,350 Closed
WAM
48
Wolverine Asset Management
Illinois
– -$1.97M -44,150 Closed
SCM
49
Stevens Capital Management
Pennsylvania
– -$1.75M -42,866 Closed
TSS
50
Two Sigma Securities
New York
– -$215K -5,259 Closed
1
2
3

FAS Hedge Fund Activity: Q1 2017 in Review

46 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2017, worth a combined $81.6M — down 16% from $97.6M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of FAS and 5 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 10 added.

The largest buyer was Quantitative Investment Management, adding an estimated $6.78M. The largest seller was Goldman Sachs, cutting an estimated $23.3M.

  • 46 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2017, down from 49 in Q4 2016.
  • Funds reported $81.6M of Direxion Daily Financial Bull 3x ETF stock for Q1 2017, down 16% quarter-over-quarter.
  • 5 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2017 and 8 closed out, a net change of -3 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2017 was Quantitative Investment Management, an estimated $6.78M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2017 was Goldman Sachs, an estimated $23.3M sold.

Based on aggregated 13F filings for Q1 2017.