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Direxion Daily Financial Bull 3x ETF
FAS

72 hedge funds and large institutions have $120M invested in Direxion Daily Financial Bull 3x ETF in 2017 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 16 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 6

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

33% more funds holding

Funds holding: 54 → 72 (+18)

8% more capital invested

Capital invested by funds: $112M → $120M (+$8.39M)

1.1% less ownership

Funds ownership: 7.75% → 6.64% (-1.1%)

11% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 18

43% less call options, than puts

Call options by funds: $76.8M | Put options by funds: $134M

Holders
72
Holders Change
+18
Holders Change %
+33.33%
% of All Funds
1.63%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.11%
New
24
Increased
16
Reduced
18
Closed
6
Calls
$76.8M
Puts
$134M
Net Calls
-$57.2M
Net Calls Change
-$35.1M

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$9.51M
2
Two Sigma Advisers
Two Sigma Advisers
New York
+$1.66M
3
VFA
Virtus Fund Advisers
Connecticut
+$1.53M
4
HT
HAP Trading
New York
+$1.28M
5
Wolverine Trading
Wolverine Trading
Illinois
+$753K

Top Sellers

Rank Fund Capital Flow
1
QIM
Quantitative Investment Management
Virginia
-$25.8M
2
Barclays
Barclays
United Kingdom
-$1.69M
3
TRCT
Tower Research Capital (TRC)
New York
-$1.49M
4
CG
Cutler Group
California
-$1.2M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
ASN
51
Advisory Services Network
Georgia
$104K -$34.8K -557 -27%
Northwestern Mutual Wealth Management
52
Northwestern Mutual Wealth Management
Wisconsin
$82K +$75K +1,200 New
IP
53
Intellectus Partners
California
$49K – – –
SEI Investments
54
SEI Investments
Pennsylvania
$49K +$45K +720 New
US Bancorp
55
US Bancorp
Minnesota
$45K +$1.5K +24 +4%
AG
56
Advisor Group
Arizona
$44K -$51.8K -829 -56%
SWP
57
Stratos Wealth Partners
Ohio
$43K +$39.7K +636 New
SPI
58
Santori & Peters Inc
Pennsylvania
$36K +$36.1K +578 New
RPC
59
Rossmore Private Capital
Connecticut
$28.7K +$26.2K +420 New
Royal Bank of Canada
60
Royal Bank of Canada
Ontario, Canada
$21K -$14.8K -237 -44%
CIBC Private Wealth Group
61
CIBC Private Wealth Group
Georgia
$18K +$16.5K +264 New
FGC
62
Financial Gravity Companies
Texas
$12K +$9.43K +151 New
IA
63
IFP Advisors
Florida
$10K +$9K +144 New
TFA
64
Toth Financial Advisory
Virginia
$10K +$9.06K +145 New
CA
65
Calton & Associates
Florida
$8K +$6.5K +104 New
FANJ
66
Financial Architects (New Jersey)
New Jersey
$7K – – –
Walleye Trading
67
Walleye Trading
New York
$1.26K -$96K -1,536 -8%
PA
68
Parallel Advisors
California
$1K – – –
PCG
69
Private Capital Group
Connecticut
$93 +$56.1K +898 New
ED
70
Exane Derivatives
France
$68 – – –
TRCT
71
Tower Research Capital (TRC)
New York
– -$1.49M -26,646 Closed
Creative Planning
72
Creative Planning
Kansas
– -$274K -4,901 Closed
AHC
73
Adell Harriman & Carpenter
Texas
– -$229K -4,100 Closed
UBS Group
74
UBS Group
Switzerland
– -$21K -381 Closed
PFGIA
75
Patriot Financial Group Insurance Agency
Massachusetts
– -$21K -360 Closed
1 2
3
4

FAS Hedge Fund Activity: Q4 2017 in Review

72 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2017, worth a combined $120M — up 7.5% from $112M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new FAS positions and 6 closed out — a net gain of 18 holders — while 16 added to existing stakes and 18 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $9.51M. The largest seller was Quantitative Investment Management, cutting an estimated $25.8M.

  • 72 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2017, up from 54 in Q3 2017.
  • Funds reported $120M of Direxion Daily Financial Bull 3x ETF stock for Q4 2017, up 7.5% quarter-over-quarter.
  • 24 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2017 and 6 closed out, a net change of +18 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2017 was Susquehanna International Group, an estimated $9.51M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2017 was Quantitative Investment Management, an estimated $25.8M sold.

Based on aggregated 13F filings for Q4 2017.