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Direxion Daily Financial Bull 3x ETF
FAS

47 hedge funds and large institutions have $35.2M invested in Direxion Daily Financial Bull 3x ETF in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 6 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 6

9% more call options, than puts

Call options by funds: $71.8M | Put options by funds: $65.8M

0.92% less ownership

Funds ownership: 5.62% → 4.69% (-0.92%)

16% less funds holding

Funds holding: 56 → 47 (-9)

25% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 20

59% less capital invested

Capital invested by funds: $85.9M → $35.2M (-$50.7M)

Holders
47
Holders Change
-9
Holders Change %
-16.07%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
17
Reduced
6
Closed
20
Calls
$71.8M
Puts
$65.8M
Net Calls
+$6.03M
Net Calls Change
+$43.2M

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$24.7M
2
Citigroup
Citigroup
New York
+$10.7M
3
CS
Credit Suisse
Switzerland
+$8.43M
4
Simplex Trading
Simplex Trading
Illinois
+$7.95M
5
Jane Street
Jane Street
New York
+$6.1M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$19.7M
2
NAM
Nexpoint Asset Management
Texas
-$2.73M
3
TRCT
Tower Research Capital (TRC)
New York
-$1.63M
4
BFG
Bouchey Financial Group
New York
-$914K
5
CC
Chicago Capital
Illinois
-$681K
Name Holding Trade Value Shares
Change 		Change in
Stake
PP
26
Paloma Partners
Connecticut
$140K +$453K +5,953 New
Parallax Volatility Advisers
27
Parallax Volatility Advisers
California
$138K +$410K +5,389 +1,107%
NAM
28
NorthCoast Asset Management
Connecticut
$130K +$422K +5,537 New
CTC
29
Central Trust Company
Missouri
$117K +$137K +1,803 +56%
CAN
30
Claraphi Advisory Network
United States
$95K +$126K +1,655 +69%
Osaic Holdings
31
Osaic Holdings
Arizona
$59K +$192K +2,521 New
Deutsche Bank
32
Deutsche Bank
Germany
$54K +$75.5K +991 +76%
CAM
33
CenterStar Asset Management
Illinois
$39K – – –
Fifth Third Bancorp
34
Fifth Third Bancorp
Ohio
$38K – – –
AWA
35
Arkadios Wealth Advisors
Georgia
$23.5K +$76.1K +1,000 New
JP Morgan Chase
36
JP Morgan Chase
New York
$23K +$74.8K +982 New
S
37
SignatureFD
Georgia
$9K -$3.81K -50 -12%
SWM
38
Sugarloaf Wealth Management
Georgia
$6K +$76 +1 +0.4%
SFS
39
Sowell Financial Services
Arkansas
$6K +$19.1K +251 +1,321%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$4K +$3.81K +50 +33%
RIA
41
RPG Investment Advisory
California
$4K +$14.1K +185 New
CFGS
42
Concourse Financial Group Securities
Alabama
$3K +$11K +144 New
William Blair & Company
43
William Blair & Company
Illinois
$2K – – –
LPWM
44
Lake Point Wealth Management
Texas
$2K +$5.71K +75 +300%
Bank of America
45
Bank of America
North Carolina
$2K +$7.61K +100 New
KFS
46
Kelly Financial Services
Massachusetts
$1.23K – – –
APA
47
American Portfolios Advisors
New York
$798 – – –
NAM
48
Nexpoint Asset Management
Texas
– -$2.73M -28,900 Closed
BFG
49
Bouchey Financial Group
New York
– -$914K -9,658 Closed
CC
50
Chicago Capital
Illinois
– -$681K -7,200 Closed
1
2
3

FAS Hedge Fund Activity: Q1 2020 in Review

47 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2020, worth a combined $35.2M — down 59% from $85.9M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of FAS and 15 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 17 added.

The largest buyer was Susquehanna International Group, adding an estimated $24.7M. The largest seller was Citadel Advisors, cutting an estimated $19.7M.

  • 47 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2020, down from 56 in Q4 2019.
  • Funds reported $35.2M of Direxion Daily Financial Bull 3x ETF stock for Q1 2020, down 59% quarter-over-quarter.
  • 15 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2020 and 20 closed out, a net change of -5 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2020 was Susquehanna International Group, an estimated $24.7M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2020 was Citadel Advisors, an estimated $19.7M sold.

Based on aggregated 13F filings for Q1 2020.