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Direxion Daily Financial Bull 3x ETF
FAS

61 hedge funds and large institutions have $62.7M invested in Direxion Daily Financial Bull 3x ETF in 2020 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 15

78% more capital invested

Capital invested by funds: $35.2M → $62.7M (+$27.6M)

39% more call options, than puts

Call options by funds: $150M | Put options by funds: $108M

30% more funds holding

Funds holding: 47 → 61 (+14)

11% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 9

0.54% less ownership

Funds ownership: 4.69% → 4.15% (-0.54%)

Holders
61
Holders Change
+14
Holders Change %
+29.79%
% of All Funds
1.25%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
30
Increased
10
Reduced
9
Closed
15
Calls
$150M
Puts
$108M
Net Calls
+$42.2M
Net Calls Change
+$36.2M

Top Buyers

1
HJMC
Hellman Jordan Management Company
Massachusetts
+$7.44M
2
HF
HRT Financial
New York
+$6.89M
3
Citadel Advisors
Citadel Advisors
Florida
+$6.68M
4
TCM
Thames Capital Management
New Jersey
+$6.04M
5
EAM
Eagle Asset Management
Florida
+$2.18M

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$10.2M
2
CS
Credit Suisse
Switzerland
-$2.66M
3
Simplex Trading
Simplex Trading
Illinois
-$2.23M
4
APW
Aurora Private Wealth
New Jersey
-$1.59M
5
Citigroup
Citigroup
New York
-$1.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
26
ETrade Capital Management
Virginia
$282K +$267K +9,022 New
Morgan Stanley
27
Morgan Stanley
New York
$247K +$35.6K +1,206 +18%
WOSD
28
WFA of San Diego
California
$231K +$68.1K +2,304 New
CC
29
Chicago Capital
Illinois
$225K +$213K +7,200 New
Carson Wealth (CWM LLC)
30
Carson Wealth (CWM LLC)
Nebraska
$219K – – –
QC
31
QCM Cayman
Texas
$207K +$195K +6,607 New
MSFP
32
Mark Sheptoff Financial Planning
Connecticut
$188K – – –
NAM
33
NorthCoast Asset Management
Connecticut
$173K – – –
CTC
34
Central Trust Company
Missouri
$156K – – –
AF
35
Advisornet Financial
Minnesota
$94K +$88.7K +3,000 New
BWL
36
Bogart Wealth LLC
Virginia
$63K +$59.1K +2,000 New
JP Morgan Chase
37
JP Morgan Chase
New York
$60K +$28K +948 +97%
Fifth Third Bancorp
38
Fifth Third Bancorp
Ohio
$51K – – –
PCM
39
Prelude Capital Management
New York
$37K +$34.9K +1,179 New
S
40
SignatureFD
Georgia
$33K +$19.7K +668 +176%
Osaic Holdings
41
Osaic Holdings
Arizona
$32K -$44.7K -1,511 -60%
PAG
42
Private Advisor Group
New Jersey
$23K +$21.6K +731 New
AWA
43
Arkadios Wealth Advisors
Georgia
$16.2K -$14.8K -500 -50%
VFA
44
Valeo Financial Advisors
Indiana
$11K +$10.1K +343 New
SWM
45
Sugarloaf Wealth Management
Georgia
$8K – – –
SIS
46
Sound Income Strategies
Florida
$8K +$7.39K +250 New
GI
47
Gradient Investments
Minnesota
$8K +$7.6K +257 New
RIA
48
RPG Investment Advisory
California
$6K – – –
CAPTRUST Financial Advisors
49
CAPTRUST Financial Advisors
North Carolina
$6K +$5.91K +200 New
CFGS
50
Concourse Financial Group Securities
Alabama
$5K – – –
1
2
3

FAS Hedge Fund Activity: Q2 2020 in Review

61 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2020, worth a combined $62.7M — up 78% from $35.2M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new FAS positions and 15 closed out — a net gain of 15 holders — while 10 added to existing stakes and 9 trimmed.

The largest buyer was Hellman Jordan Management Company, adding an estimated $7.44M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $10.2M sold.

  • 61 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2020, up from 47 in Q1 2020.
  • Funds reported $62.7M of Direxion Daily Financial Bull 3x ETF stock for Q2 2020, up 78% quarter-over-quarter.
  • 30 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2020 and 15 closed out, a net change of +15 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2020 was Hellman Jordan Management Company, an estimated $7.44M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2020 was Susquehanna International Group, an estimated $10.2M sold.

Based on aggregated 13F filings for Q2 2020.