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Direxion Daily Financial Bull 3x ETF
FAS

64 hedge funds and large institutions have $81.9M invested in Direxion Daily Financial Bull 3x ETF in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 17

2.26% less ownership

Funds ownership: 6.64% → 4.38% (-2.3%)

11% less funds holding

Funds holding: 72 → 64 (-8)

28% less call options, than puts

Call options by funds: $98.4M | Put options by funds: $137M

32% less capital invested

Capital invested by funds: $120M → $81.9M (-$38.1M)

35% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 20

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
64
Holders Change
-8
Holders Change %
-11.11%
% of All Funds
1.47%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.07%
New
13
Increased
20
Reduced
17
Closed
20
Calls
$98.4M
Puts
$137M
Net Calls
-$38.4M
Net Calls Change
+$18.8M

Top Buyers

Rank Fund Capital Flow
1
Wolverine Trading
Wolverine Trading
Illinois
+$3.91M
2
Citigroup
Citigroup
New York
+$3.64M
3
Jane Street
Jane Street
New York
+$3.19M
4
CG
Cutler Group
California
+$2.57M
5
HJMC
Hellman Jordan Management Company
Massachusetts
+$1.78M

Top Sellers

Rank Fund Capital Flow
1
QIM
Quantitative Investment Management
Virginia
-$18M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$12.1M
3
GA
GFS Advisors
Texas
-$3.64M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$3.59M
5
RIA
RPG Investment Advisory
California
-$2.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
APA
51
American Portfolios Advisors
New York
$34.3K -$89.2K -1,250 -70%
PCM
52
Prelude Capital Management
New York
$32K +$35.7K +500 New
CIBC Private Wealth Group
53
CIBC Private Wealth Group
Georgia
$17K – – –
Royal Bank of Canada
54
Royal Bank of Canada
Ontario, Canada
$16K -$3.57K -50 -17%
S
55
SignatureFD
Georgia
$14K +$16K +224 New
BRC
56
Bell Rock Capital
Delaware
$13K +$14.3K +200 New
IA
57
IFP Advisors
Florida
$10K – – –
TFA
58
Toth Financial Advisory
Virginia
$9K – – –
FGC
59
Financial Gravity Companies
Texas
$5K -$4.5K -63 -42%
TRCT
60
Tower Research Capital (TRC)
New York
$5K +$5.36K +75 New
FGAM
61
Financial Gravity Asset Management
Texas
$5K +$6.28K +88 New
PA
62
Parallel Advisors
California
$1K – – –
ED
63
Exane Derivatives
France
$62 – – –
GA
64
GFS Advisors
Texas
– -$3.64M -53,200 Closed
Two Sigma Advisers
65
Two Sigma Advisers
New York
– -$2.11M -30,900 Closed
ACI
66
Alpha Cubed Investments
California
– -$1.44M -21,120 Closed
SCM
67
Stevens Capital Management
Pennsylvania
– -$1.41M -20,656 Closed
HT
68
HAP Trading
New York
– -$1.41M -20,560 Closed
TAM
69
Tocqueville Asset Management
New York
– -$1.28M -18,795 Closed
TH
70
Timber Hill
Connecticut
– -$1.22M -17,899 Closed
ID
71
Integral Derivatives
New York
– -$797K -11,650 Closed
TSS
72
Two Sigma Securities
New York
– -$408K -5,965 Closed
Fisher Asset Management
73
Fisher Asset Management
Washington
– -$348K -5,088 Closed
CLOS
74
Compagnie Lombard Odier SCmA
Switzerland
– -$342K -5,000 Closed
PA
75
Pinnacle Associates
New York
– -$205K -3,000 Closed
1 2
3
4

FAS Hedge Fund Activity: Q1 2018 in Review

64 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2018, worth a combined $81.9M — down 32% from $120M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of FAS and 13 opened new positions — a net loss of 7 holders — while 17 trimmed existing stakes and 20 added.

The largest buyer was Wolverine Trading, adding an estimated $3.91M. The largest seller was Quantitative Investment Management, cutting an estimated $18M.

  • 64 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2018, down from 72 in Q4 2017.
  • Funds reported $81.9M of Direxion Daily Financial Bull 3x ETF stock for Q1 2018, down 32% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2018 and 20 closed out, a net change of -7 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2018 was Wolverine Trading, an estimated $3.91M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2018 was Quantitative Investment Management, an estimated $18M sold.

Based on aggregated 13F filings for Q1 2018.