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Direxion Daily Financial Bull 3x ETF
FAS

55 hedge funds and large institutions have $68.3M invested in Direxion Daily Financial Bull 3x ETF in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 8 increasing their positions, 18 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more call options, than puts

Call options by funds: $126M | Put options by funds: $91.5M

0.78% less ownership

Funds ownership: 5.42% → 4.64% (-0.78%)

4% less funds holding

Funds holding: 57 → 55 (-2)

12% less capital invested

Capital invested by funds: $78M → $68.3M (-$9.65M)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

56% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 18

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
55
Holders Change
-2
Holders Change %
-3.51%
% of All Funds
1.19%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
10
Increased
8
Reduced
18
Closed
12
Calls
$126M
Puts
$91.5M
Net Calls
+$34.9M
Net Calls Change
+$336K

Top Buyers

1
HCMT
Highland Capital Management (Texas)
Texas
+$2.87M
2
Jane Street
Jane Street
New York
+$2.87M
3
VF
Virtu Financial
New York
+$2.07M
4
RIA
Realta Investment Advisors
Delaware
+$1.69M
5
SG Americas Securities
SG Americas Securities
New York
+$720K

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$12.3M
2
HJMC
Hellman Jordan Management Company
Massachusetts
-$6.19M
3
RIA
RPG Investment Advisory
California
-$4.69M
4
CS
Credit Suisse
Switzerland
-$3.93M
5
HIS
Harvest Investment Services
Illinois
-$2.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
26
Chicago Capital
Illinois
$533K – – –
MSFP
27
Mark Sheptoff Financial Planning
Connecticut
$470K – – –
LPL Financial
28
LPL Financial
California
$456K -$10K -144 -2%
Goldman Sachs
29
Goldman Sachs
New York
$423K -$48.7K -700 -11%
WAM
30
Wolverine Asset Management
Illinois
$403K – – –
CTC
31
Central Trust Company
Missouri
$282K – – –
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$271K – – –
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$252K – – –
SWA
34
Stratos Wealth Advisors
Ohio
$235K +$221K +3,173 New
LTFS
35
Ladenburg Thalmann Financial Services
Florida
$229K -$44.7K -643 -17%
Carson Wealth (CWM LLC)
36
Carson Wealth (CWM LLC)
Nebraska
$219K – – –
Northern Trust
37
Northern Trust
Illinois
$203K +$191K +2,750 New
OIA
38
OneDigital Investment Advisors
Kansas
$142K -$10.4K -150 -7%
Walleye Trading
39
Walleye Trading
New York
$127K +$119K +1,718 New
Fifth Third Bancorp
40
Fifth Third Bancorp
Ohio
$121K – – –
UBS Group
41
UBS Group
Switzerland
$88K +$30K +432 +58%
PCG
42
Private Capital Group
Connecticut
$86K – – –
VFA
43
Valeo Financial Advisors
Indiana
$74K +$69.7K +1,003 New
AG
44
Advisor Group
Arizona
$64K -$15.2K -218 -20%
S
45
SignatureFD
Georgia
$32K – – –
JP Morgan Chase
46
JP Morgan Chase
New York
$29K +$17K +244 +156%
Bank of America
47
Bank of America
North Carolina
$20K +$18.4K +265 New
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$15K – – –
William Blair & Company
49
William Blair & Company
Illinois
$11K – – –
KFS
50
Kelly Financial Services
Massachusetts
$3.82K -$3.48K -50 -49%
1
2
3

FAS Hedge Fund Activity: Q2 2019 in Review

55 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2019, worth a combined $68.3M — down 12% from $78M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of FAS and 10 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 8 added.

The largest buyer was Highland Capital Management (Texas), opening a new position worth an estimated $2.87M. The largest seller was Citadel Advisors, cutting an estimated $12.3M.

  • 55 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2019, down from 57 in Q1 2019.
  • Funds reported $68.3M of Direxion Daily Financial Bull 3x ETF stock for Q2 2019, down 12% quarter-over-quarter.
  • 10 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2019 and 12 closed out, a net change of -2 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2019 was Highland Capital Management (Texas), an estimated $2.87M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2019 was Citadel Advisors, an estimated $12.3M sold.

Based on aggregated 13F filings for Q2 2019.