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Direxion Daily Financial Bull 3x ETF
FAS

54 hedge funds and large institutions have $112M invested in Direxion Daily Financial Bull 3x ETF in 2017 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

6% more funds holding

Funds holding: 51 → 54 (+3)

0.31% less ownership

Funds ownership: 8.06% → 7.75% (-0.31%)

2% less capital invested

Capital invested by funds: $113M → $112M (-$1.74M)

21% less call options, than puts

Call options by funds: $82.3M | Put options by funds: $104M

35% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 17

Holders
54
Holders Change
+3
Holders Change %
+5.88%
% of All Funds
1.35%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
11
Increased
11
Reduced
17
Closed
8
Calls
$82.3M
Puts
$104M
Net Calls
-$22.1M
Net Calls Change
-$16.1M

Top Buyers

1
QIM
Quantitative Investment Management
Virginia
+$21.9M
2
EWA
Exencial Wealth Advisors
Oklahoma
+$11.1M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.71M
4
TRCT
Tower Research Capital (TRC)
New York
+$1.33M
5
VEA
Virtus ETF Advisers
New York
+$1.06M

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$30M
2
Two Sigma Investments
Two Sigma Investments
New York
-$9.8M
3
Citigroup
Citigroup
New York
-$5.15M
4
RIA
RPG Investment Advisory
California
-$2.32M
5
Morgan Stanley
Morgan Stanley
New York
-$1.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$372K -$43.7K -849 -11%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$336K – – –
WAM
28
Wealthspire Advisors (Maryland)
Maryland
$326K +$299K +5,816 New
TPWA
29
TRUE Private Wealth Advisors
Oregon
$317K +$20.6K +400 +8%
SBIA
30
Sheaff Brock Investment Advisors
Indiana
$280K – – –
Creative Planning
31
Creative Planning
Kansas
$274K -$125K -2,435 -33%
VIA
32
Vantage Investment Advisors
Pennsylvania
$269K – – –
Two Sigma Advisers
33
Two Sigma Advisers
New York
$246K -$329K -6,400 -59%
AHC
34
Adell Harriman & Carpenter
Texas
$229K -$132K -2,560 -38%
CLOS
35
Compagnie Lombard Odier SCmA
Switzerland
$218K – – –
JIC
36
Johnson Investment Counsel
Ohio
$200K +$184K +3,580 New
CTC
37
Central Trust Company
Missouri
$199K – – –
OIA
38
OneDigital Investment Advisors
Kansas
$130K -$154 -3 -0.1%
ASN
39
Advisory Services Network
Georgia
$116K +$79.9K +1,552 +297%
CCMW
40
Cypress Capital Management (Wyoming)
Wyoming
$110K +$101K +1,970 New
Fifth Third Bancorp
41
Fifth Third Bancorp
Ohio
$92K – – –
AG
42
Advisor Group
Arizona
$82K -$14.4K -279 -16%
IP
43
Intellectus Partners
California
$40K – – –
US Bancorp
44
US Bancorp
Minnesota
$35K – – –
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$30K +$12.2K +237 +79%
PFGIA
46
Patriot Financial Group Insurance Agency
Massachusetts
$21K – – –
UBS Group
47
UBS Group
Switzerland
$21K +$19.6K +381 New
FANJ
48
Financial Architects (New Jersey)
New Jersey
$6K – – –
FWM
49
Focused Wealth Management
New York
$6K +$2.57K +50 +100%
Walleye Trading
50
Walleye Trading
New York
$1.12K +$526K +10,215 +105%
1
2
3

FAS Hedge Fund Activity: Q3 2017 in Review

54 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2017, worth a combined $112M — down 1.5% from $113M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FAS positions and 8 closed out — a net gain of 3 holders — while 11 added to existing stakes and 17 trimmed.

The largest buyer was Quantitative Investment Management, adding an estimated $21.9M. The largest seller was Susquehanna International Group, cutting an estimated $30M.

  • 54 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2017, up from 51 in Q2 2017.
  • Funds reported $112M of Direxion Daily Financial Bull 3x ETF stock for Q3 2017, down 1.5% quarter-over-quarter.
  • 11 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2017 and 8 closed out, a net change of +3 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2017 was Quantitative Investment Management, an estimated $21.9M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2017 was Susquehanna International Group, an estimated $30M sold.

Based on aggregated 13F filings for Q3 2017.