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Direxion Daily Financial Bull 3x ETF
FAS

52 hedge funds and large institutions have $67M invested in Direxion Daily Financial Bull 3x ETF in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

6% more capital invested

Capital invested by funds: $63.3M → $67M (+$3.69M)

1.67% more ownership

Funds ownership: 3.67% → 5.35% (+1.7%)

2% more call options, than puts

Call options by funds: $69.4M | Put options by funds: $68.3M

12% less funds holding

Funds holding: 59 → 52 (-7)

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

30% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 20

Holders
52
Holders Change
-7
Holders Change %
-11.86%
% of All Funds
1.16%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
14
Increased
11
Reduced
14
Closed
20
Calls
$69.4M
Puts
$68.3M
Net Calls
+$1.08M
Net Calls Change
+$60.2M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$9.85M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$6.66M
3
TRCT
Tower Research Capital (TRC)
New York
+$6.18M
4
HJMC
Hellman Jordan Management Company
Massachusetts
+$5.76M
5
Simplex Trading
Simplex Trading
Illinois
+$3.78M

Top Sellers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$3.25M
2
EWA
Exencial Wealth Advisors
Oklahoma
-$2.65M
3
Morgan Stanley
Morgan Stanley
New York
-$1.16M
4
CG
Cutler Group
California
-$673K
5
FIM
Freedom Investment Management
Connecticut
-$617K
Name Holding Trade Value Shares
Change 		Change in
Stake
CWM
51
Cornerstone Wealth Management
Missouri
– -$174K -10,141 Closed
FIM
52
Freedom Investment Management
Connecticut
– -$617K -8,175 Closed
PGA
53
Premia Global Advisors
Florida
– -$354K -5,040 Closed
WAM
54
Wealthspire Advisors (Maryland)
Maryland
– -$317K -4,500 Closed
VEA
55
Virtus ETF Advisers
New York
– -$312K -4,431 Closed
Goldman Sachs
56
Goldman Sachs
New York
– -$310K -4,404 Closed
Janney Montgomery Scott
57
Janney Montgomery Scott
Pennsylvania
– -$280K -3,975 Closed
Wolverine Trading
58
Wolverine Trading
Illinois
– -$274K -3,889 Closed
JIC
59
Johnson Investment Counsel
Ohio
– -$270K -3,850 Closed
CAN
60
Claraphi Advisory Network
United States
– -$246K -3,492 Closed
Commonwealth Equity Services
61
Commonwealth Equity Services
Massachusetts
– -$238K -3,387 Closed
IP
62
Intellectus Partners
California
– -$51K -720 Closed
SWP
63
Stratos Wealth Partners
Ohio
– -$45K -636 Closed
ASN
64
Advisory Services Network
Georgia
– -$14K -194 Closed
US Bancorp
65
US Bancorp
Minnesota
– -$11K -162 Closed
TFA
66
Toth Financial Advisory
Virginia
– -$10K -146 Closed
Parallax Volatility Advisers
67
Parallax Volatility Advisers
California
– -$6.96K -121 -97%
Bank of America
68
Bank of America
North Carolina
– -$7K -100 Closed
GWM
69
Geneos Wealth Management
Colorado
– -$5K -82 Closed
ED
70
Exane Derivatives
France
– -$70 -1 Closed
Fidelity Investments
71
Fidelity Investments
Massachusetts
– +$230 +4 New
1 2
3

FAS Hedge Fund Activity: Q4 2018 in Review

52 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2018, worth a combined $67M — up 5.8% from $63.3M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of FAS and 14 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 11 added.

The largest buyer was Citadel Advisors, adding an estimated $9.85M. The largest seller was Envestnet Asset Management, cutting an estimated $3.25M.

  • 52 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2018, down from 59 in Q3 2018.
  • Funds reported $67M of Direxion Daily Financial Bull 3x ETF stock for Q4 2018, up 5.8% quarter-over-quarter.
  • 14 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2018 and 20 closed out, a net change of -6 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2018 was Citadel Advisors, an estimated $9.85M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2018 was Envestnet Asset Management, an estimated $3.25M sold.

Based on aggregated 13F filings for Q4 2018.