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Direxion Daily Financial Bull 3x ETF
FAS

51 hedge funds and large institutions have $113M invested in Direxion Daily Financial Bull 3x ETF in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 8

39% more capital invested

Capital invested by funds: $81.6M → $113M (+$31.7M)

11% more funds holding

Funds holding: 46 → 51 (+5)

2.29% more ownership

Funds ownership: 5.77% → 8.06% (+2.3%)

10% less call options, than puts

Call options by funds: $54.9M | Put options by funds: $60.9M

23% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 13

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
51
Holders Change
+5
Holders Change %
+10.87%
% of All Funds
1.27%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
13
Increased
10
Reduced
13
Closed
8
Calls
$54.9M
Puts
$60.9M
Net Calls
-$6.03M
Net Calls Change
+$5.01M

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$28.6M
2
Two Sigma Investments
Two Sigma Investments
New York
+$8.95M
3
SCM
Stevens Capital Management
Pennsylvania
+$1.29M
4
Simplex Trading
Simplex Trading
Illinois
+$1.24M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.22M

Top Sellers

1
TH
Timber Hill
Connecticut
-$11.9M
2
VF
Virtu Financial
New York
-$5.25M
3
CG
Cutler Group
California
-$2.21M
4
HSBC Holdings
HSBC Holdings
United Kingdom
-$1.45M
5
TAM
Tocqueville Asset Management
New York
-$1.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$370K -$9.24K -205 -3%
Creative Planning
27
Creative Planning
Kansas
$362K -$84.6K -1,876 -20%
AHC
28
Adell Harriman & Carpenter
Texas
$329K +$300K +6,660 New
Bank of New York Mellon
29
Bank of New York Mellon
New York
$296K – – –
TPWA
30
TRUE Private Wealth Advisors
Oregon
$260K +$238K +5,277 New
SBIA
31
Sheaff Brock Investment Advisors
Indiana
$247K – – –
VIA
32
Vantage Investment Advisors
Pennsylvania
$237K – – –
CLOS
33
Compagnie Lombard Odier SCmA
Switzerland
$193K – – –
CTC
34
Central Trust Company
Missouri
$175K – – –
OIA
35
OneDigital Investment Advisors
Kansas
$115K +$105K +2,333 New
AG
36
Advisor Group
Arizona
$87K -$9.56K -212 -11%
Fifth Third Bancorp
37
Fifth Third Bancorp
Ohio
$81K – – –
TRCT
38
Tower Research Capital (TRC)
New York
$44K +$35.9K +797 +797%
IP
39
Intellectus Partners
California
$36K – – –
US Bancorp
40
US Bancorp
Minnesota
$31K – – –
ASN
41
Advisory Services Network
Georgia
$26K +$23.5K +522 New
IA
42
IFP Advisors
Florida
$20K +$18K +400 New
PFGIA
43
Patriot Financial Group Insurance Agency
Massachusetts
$18K +$16.2K +360 New
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$15K – – –
FANJ
45
Financial Architects (New Jersey)
New Jersey
$5K +$4.51K +100 New
IF
46
Ironwood Financial
Arizona
$2K – – –
FWM
47
Focused Wealth Management
New York
$2K +$2.25K +50 New
PA
48
Parallel Advisors
California
$1K – – –
Walleye Trading
49
Walleye Trading
New York
$481 +$439K +9,739 New
ED
50
Exane Derivatives
France
$49 -$631 -14 -93%
1
2
3

FAS Hedge Fund Activity: Q2 2017 in Review

51 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2017, worth a combined $113M — up 39% from $81.6M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FAS positions and 8 closed out — a net gain of 5 holders — while 10 added to existing stakes and 13 trimmed.

The largest buyer was Susquehanna International Group, opening a new position worth an estimated $28.6M. The largest seller was Timber Hill, cutting an estimated $11.9M.

  • 51 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2017, up from 46 in Q1 2017.
  • Funds reported $113M of Direxion Daily Financial Bull 3x ETF stock for Q2 2017, up 39% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2017 and 8 closed out, a net change of +5 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2017 was Susquehanna International Group, an estimated $28.6M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2017 was Timber Hill, an estimated $11.9M sold.

Based on aggregated 13F filings for Q2 2017.