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Direxion Daily Financial Bull 3x ETF
FAS

72 hedge funds and large institutions have $120M invested in Direxion Daily Financial Bull 3x ETF in 2017 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 16 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 6

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

33% more funds holding

Funds holding: 54 → 72 (+18)

8% more capital invested

Capital invested by funds: $112M → $120M (+$8.39M)

1.1% less ownership

Funds ownership: 7.75% → 6.64% (-1.1%)

11% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 18

43% less call options, than puts

Call options by funds: $76.8M | Put options by funds: $134M

Holders
72
Holders Change
+18
Holders Change %
+33.33%
% of All Funds
1.63%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.11%
New
24
Increased
16
Reduced
18
Closed
6
Calls
$76.8M
Puts
$134M
Net Calls
-$57.2M
Net Calls Change
-$35.1M

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$9.51M
2
Two Sigma Advisers
Two Sigma Advisers
New York
+$1.66M
3
VFA
Virtus Fund Advisers
Connecticut
+$1.53M
4
HT
HAP Trading
New York
+$1.28M
5
Wolverine Trading
Wolverine Trading
Illinois
+$753K

Top Sellers

Rank Fund Capital Flow
1
QIM
Quantitative Investment Management
Virginia
-$25.8M
2
Barclays
Barclays
United Kingdom
-$1.69M
3
TRCT
Tower Research Capital (TRC)
New York
-$1.49M
4
CG
Cutler Group
California
-$1.2M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$698K +$52.8K +845 +9%
Jane Street
27
Jane Street
New York
$618K +$127K +2,036 +29%
VF
28
Virtu Financial
New York
$585K -$668K -10,697 -56%
Barclays
29
Barclays
United Kingdom
$513K -$1.69M -27,000 -78%
TPWA
30
TRUE Private Wealth Advisors
Oregon
$511K +$113K +1,802 +32%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$410K +$62 +1 +0%
TSS
32
Two Sigma Securities
New York
$408K +$373K +5,965 New
WAM
33
Wealthspire Advisors (Maryland)
Maryland
$398K – – –
Fisher Asset Management
34
Fisher Asset Management
Washington
$348K +$318K +5,088 New
PGA
35
Premia Global Advisors
Florida
$344K +$315K +5,040 New
SBIA
36
Sheaff Brock Investment Advisors
Indiana
$342K +$375 +6 +0.1%
CLOS
37
Compagnie Lombard Odier SCmA
Switzerland
$342K +$68.7K +1,100 +28%
VIA
38
Vantage Investment Advisors
Pennsylvania
$328K – – –
JIC
39
Johnson Investment Counsel
Ohio
$244K – – –
CTC
40
Central Trust Company
Missouri
$243K – – –
Citigroup
41
Citigroup
New York
$237K +$217K +3,468 New
PA
42
Pinnacle Associates
New York
$205K +$187K +3,000 New
SPM
43
Symmetry Peak Management
Pennsylvania
$205K +$187K +3,000 New
Northern Trust
44
Northern Trust
Illinois
$202K +$184K +2,950 New
LTFS
45
Ladenburg Thalmann Financial Services
Florida
$172K -$258K -4,127 -62%
CCMW
46
Cypress Capital Management (Wyoming)
Wyoming
$135K – – –
CG
47
Cutler Group
California
$124K -$1.2M -19,272 -91%
APA
48
American Portfolios Advisors
New York
$122K +$111K +1,784 New
Fifth Third Bancorp
49
Fifth Third Bancorp
Ohio
$112K – – –
OIA
50
OneDigital Investment Advisors
Kansas
$107K -$47.5K -761 -33%
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FAS Hedge Fund Activity: Q4 2017 in Review

72 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2017, worth a combined $120M — up 7.5% from $112M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new FAS positions and 6 closed out — a net gain of 18 holders — while 16 added to existing stakes and 18 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $9.51M. The largest seller was Quantitative Investment Management, cutting an estimated $25.8M.

  • 72 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2017, up from 54 in Q3 2017.
  • Funds reported $120M of Direxion Daily Financial Bull 3x ETF stock for Q4 2017, up 7.5% quarter-over-quarter.
  • 24 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2017 and 6 closed out, a net change of +18 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2017 was Susquehanna International Group, an estimated $9.51M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2017 was Quantitative Investment Management, an estimated $25.8M sold.

Based on aggregated 13F filings for Q4 2017.