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Direxion Daily Financial Bull 3x ETF
FAS

64 hedge funds and large institutions have $55.3M invested in Direxion Daily Financial Bull 3x ETF in 2020 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more call options, than puts

Call options by funds: $123M | Put options by funds: $91.1M

21% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 14

5% more funds holding

Funds holding: 61 → 64 (+3)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.26% less ownership

Funds ownership: 4.15% → 3.89% (-0.26%)

12% less capital invested

Capital invested by funds: $62.7M → $55.3M (-$7.46M)

24% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 17

Holders
64
Holders Change
+3
Holders Change %
+4.92%
% of All Funds
1.29%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
17
Increased
13
Reduced
17
Closed
14
Calls
$123M
Puts
$91.1M
Net Calls
+$32.3M
Net Calls Change
-$9.92M

Top Buyers

1
TRCT
Tower Research Capital (TRC)
New York
+$4.71M
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$1.31M
3
Simplex Trading
Simplex Trading
Illinois
+$1.26M
4
LC
Lindbrook Capital
California
+$1.18M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.06M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$8.44M
2
TCM
Thames Capital Management
New Jersey
-$6.39M
3
EAM
Eagle Asset Management
Florida
-$2.21M
4
HJMC
Hellman Jordan Management Company
Massachusetts
-$1.76M
5
CG
Cutler Group
California
-$1.19M
Name Holding Trade Value Shares
Change 		Change in
Stake
SV
26
Stilwell Value
New York
$339K +$356K +10,000 New
SBIA
27
Sheaff Brock Investment Advisors
Indiana
$339K +$357K +10,014 New
TPWA
28
TRUE Private Wealth Advisors
Oregon
$308K -$20.7K -582 -6%
CC
29
Chicago Capital
Illinois
$244K – – –
LWAC
30
Laurel Wealth Advisors (California)
California
$237K +$250K +7,005 New
QC
31
QCM Cayman
Texas
$227K +$3.21K +90 +1%
Carson Wealth (CWM LLC)
32
Carson Wealth (CWM LLC)
Nebraska
$219K – – –
ECM
33
ETrade Capital Management
Virginia
$206K -$105K -2,949 -33%
MSFP
34
Mark Sheptoff Financial Planning
Connecticut
$203K – – –
NAM
35
NorthCoast Asset Management
Connecticut
$188K – – –
UBS Group
36
UBS Group
Switzerland
$177K +$186K +5,225 New
JP Morgan Chase
37
JP Morgan Chase
New York
$160K +$104K +2,930 +152%
CTC
38
Central Trust Company
Missouri
$152K -$17.8K -500 -10%
BWL
39
Bogart Wealth LLC
Virginia
$67K – – –
Fifth Third Bancorp
40
Fifth Third Bancorp
Ohio
$55K – – –
IFAM
41
Institutional & Family Asset Management
Colorado
$40K +$41.8K +1,173 New
EIP
42
Ellis Investment Partners
Pennsylvania
$40K +$42.8K +1,201 New
S
43
SignatureFD
Georgia
$39K +$3.74K +105 +10%
ASN
44
Advisory Services Network
Georgia
$39K +$41K +1,152 New
SIM
45
Seaview Investment Managers
Florida
$37K +$39.2K +1,101 New
Osaic Holdings
46
Osaic Holdings
Arizona
$34K +$36 +1 +0.1%
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
$30K +$32.1K +900 New
AWA
48
Arkadios Wealth Advisors
Georgia
$19.2K +$36 +1 +0.2%
BCV
49
Banque Cantonale Vaudoise
Switzerland
$17K +$17.8K +500 New
GI
50
Gradient Investments
Minnesota
$9K – – –
1
2
3 4

FAS Hedge Fund Activity: Q3 2020 in Review

64 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2020, worth a combined $55.3M — down 12% from $62.7M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FAS positions and 14 closed out — a net gain of 3 holders — while 13 added to existing stakes and 17 trimmed.

The largest buyer was Tower Research Capital (TRC), adding an estimated $4.71M. The largest seller was Citadel Advisors, cutting an estimated $8.44M.

  • 64 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2020, up from 61 in Q2 2020.
  • Funds reported $55.3M of Direxion Daily Financial Bull 3x ETF stock for Q3 2020, down 12% quarter-over-quarter.
  • 17 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2020 and 14 closed out, a net change of +3 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2020 was Tower Research Capital (TRC), an estimated $4.71M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2020 was Citadel Advisors, an estimated $8.44M sold.

Based on aggregated 13F filings for Q3 2020.