Direxion Daily Financial Bull 3x ETF
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Trading
Chicago,
Illinois
|
+$3.91M |
| 2 |
Citigroup
New York
|
+$3.64M |
| 3 |
Jane Street
New York
|
+$3.19M |
| 4 |
CG
Cutler Group
San Francisco,
California
|
+$2.57M |
| 5 |
HJMC
Hellman Jordan Management Company
Quincy,
Massachusetts
|
+$1.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
-$18M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$12.1M |
| 3 |
GA
GFS Advisors
Houston,
Texas
|
-$3.64M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.59M |
| 5 |
RIA
RPG Investment Advisory
Pleasanton,
California
|
-$2.96M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPM
76
Symmetry Peak Management
Radnor,
Pennsylvania
| – | -$205K | -3,000 | Closed |
|
77
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$82K | -1,200 | Closed |
|
78
SEI Investments
Oaks,
Pennsylvania
| – | -$49K | -720 | Closed |
|
|
SPI
79
Santori & Peters Inc
Canonsburg,
Pennsylvania
| – | -$36K | -578 | Closed |
|
|
RPC
80
Rossmore Private Capital
Glastonbury,
Connecticut
| – | -$28.7K | -420 | Closed |
|
|
CA
81
Calton & Associates
Tampa,
Florida
| – | -$8K | -104 | Closed |
|
|
FANJ
82
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$7K | -100 | Closed |
|
83
Wells Fargo
San Francisco,
California
| – | -$71 | -1 | Closed |
|
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.