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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
LWA
51
Lenox Wealth Advisors
New York
$5K +$4.43K +150 New
FDCDDQ
52
Federation des caisses Desjardins du Quebec
Quebec, Canada
$3.91K +$3.69K +125 New
Royal Bank of Canada
53
Royal Bank of Canada
Ontario, Canada
$3K -$2.96K -100 -50%
LFG
54
Larson Financial Group
Missouri
$2K +$2.13K +72 New
KFS
55
Kelly Financial Services
Massachusetts
$1.64K – – –
APA
56
American Portfolios Advisors
New York
$1.06K – – –
HS
57
Horan Securities
United States
$1K +$532 +18 New
IF
58
Ironwood Financial
Arizona
$1K +$1.18K +40 New
Susquehanna International Group
59
Susquehanna International Group
Pennsylvania
– -$10.2M -343,414 Closed
APW
60
Aurora Private Wealth
New Jersey
– -$1.59M -67,971 Closed
CIBC Private Wealth Group
61
CIBC Private Wealth Group
Georgia
– -$852K -36,305 Closed
Renaissance Technologies
62
Renaissance Technologies
New York
– -$474K -20,200 Closed
UBS Group
63
UBS Group
Switzerland
– -$409K -17,424 Closed
SAM
64
SP Asset Management
California
– -$248K -10,557 Closed
Envestnet Asset Management
65
Envestnet Asset Management
Illinois
– -$206K -8,781 Closed
LC
66
Lindbrook Capital
California
– -$176K -7,500 Closed
PP
67
Paloma Partners
Connecticut
– -$140K -5,953 Closed
Parallax Volatility Advisers
68
Parallax Volatility Advisers
California
– -$138K -5,876 Closed
CAN
69
Claraphi Advisory Network
United States
– -$95K -4,055 Closed
Deutsche Bank
70
Deutsche Bank
Germany
– -$54K -2,292 Closed
SFS
71
Sowell Financial Services
Arkansas
– -$6K -270 Closed
Bank of America
72
Bank of America
North Carolina
– -$2K -100 Closed
William Blair & Company
73
William Blair & Company
Illinois
– -$2K -100 Closed
Fidelity Investments
74
Fidelity Investments
Massachusetts
– +$30 +1 New
Wells Fargo
75
Wells Fargo
California
– +$59 +2 New
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.