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Direxion Daily Financial Bull 3x ETF
FAS

59 hedge funds and large institutions have $63.3M invested in Direxion Daily Financial Bull 3x ETF in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 18 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.07% less ownership

Funds ownership: 3.74% → 3.67% (-0.07%)

3% less funds holding

Funds holding: 61 → 59 (-2)

8% less capital invested

Capital invested by funds: $68.7M → $63.3M (-$5.42M)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

28% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 18

35% less call options, than puts

Call options by funds: $112M | Put options by funds: $171M

Holders
59
Holders Change
-2
Holders Change %
-3.28%
% of All Funds
1.35%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
13
Reduced
18
Closed
11
Calls
$112M
Puts
$171M
Net Calls
-$59.1M
Net Calls Change
+$13.1M

Top Buyers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
+$2.76M
2
Citadel Advisors
Citadel Advisors
Florida
+$815K
3
CWM
Cornerstone Wealth Management
Missouri
+$725K
4
Jane Street
Jane Street
New York
+$593K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$557K

Top Sellers

Rank Fund Capital Flow
1
Wolverine Trading
Wolverine Trading
Illinois
-$4.5M
2
Two Sigma Advisers
Two Sigma Advisers
New York
-$4.28M
3
BFG
Bouchey Financial Group
New York
-$3.29M
4
Barclays
Barclays
United Kingdom
-$1.45M
5
Two Sigma Investments
Two Sigma Investments
New York
-$1.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wolverine Trading
26
Wolverine Trading
Illinois
$274K -$4.5M -62,925 -94%
JIC
27
Johnson Investment Counsel
Ohio
$270K -$6.43K -90 -2%
CTC
28
Central Trust Company
Missouri
$250K – – –
CAN
29
Claraphi Advisory Network
United States
$246K +$3.15K +44 +1%
OIA
30
OneDigital Investment Advisors
Kansas
$240K +$64.8K +907 +36%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$238K +$242K +3,387 New
CWM
32
Cornerstone Wealth Management
Missouri
$174K +$725K +10,141 New
Fifth Third Bancorp
33
Fifth Third Bancorp
Ohio
$115K – – –
PCG
34
Private Capital Group
Connecticut
$96K – – –
AG
35
Advisor Group
Arizona
$93K +$28K +391 +42%
BCM
36
Brasada Capital Management
Texas
$70K +$71.5K +1,000 New
IP
37
Intellectus Partners
California
$51K – – –
SWP
38
Stratos Wealth Partners
Ohio
$45K +$45.5K +636 New
BWM
39
Baystate Wealth Management
Massachusetts
$44K +$49K +685 New
APA
40
American Portfolios Advisors
New York
$37.6K – – –
S
41
SignatureFD
Georgia
$30K -$4.29K -60 -12%
TRCT
42
Tower Research Capital (TRC)
New York
$24K +$10.9K +153 +80%
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$18K – – –
ASN
44
Advisory Services Network
Georgia
$14K -$8.44K -118 -38%
US Bancorp
45
US Bancorp
Minnesota
$11K +$2.93K +41 +34%
IA
46
IFP Advisors
Florida
$10K -$7.15K -100 -41%
TFA
47
Toth Financial Advisory
Virginia
$10K – – –
Parallax Volatility Advisers
48
Parallax Volatility Advisers
California
$9K +$8.65K +121 +3,025%
Bank of America
49
Bank of America
North Carolina
$7K -$35.7K -500 -83%
OTC
50
Opera Trading Capital
France
$6K +$7.58K +106 New
1
2
3

FAS Hedge Fund Activity: Q3 2018 in Review

59 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2018, worth a combined $63.3M — down 7.9% from $68.7M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of FAS and 9 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 13 added.

The largest buyer was Credit Suisse, adding an estimated $2.76M. The largest seller was Wolverine Trading, cutting an estimated $4.5M.

  • 59 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2018, down from 61 in Q2 2018.
  • Funds reported $63.3M of Direxion Daily Financial Bull 3x ETF stock for Q3 2018, down 7.9% quarter-over-quarter.
  • 9 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2018 and 11 closed out, a net change of -2 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2018 was Credit Suisse, an estimated $2.76M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2018 was Wolverine Trading, an estimated $4.5M sold.

Based on aggregated 13F filings for Q3 2018.