Direxion Daily Financial Bull 3x ETF
38 hedge funds and large institutions have $315M invested in Direxion Daily Financial Bull 3x ETF in 2013 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
12% more funds holding
Funds holding: 34 → 38 (+4)
11% less capital invested
Capital invested by funds: $353M → $315M (-$38.5M)
11.39% less ownership
Funds ownership: 106.31% → 94.93% (-11%)
27% less call options, than puts
Call options by funds: $189M | Put options by funds: $257M
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| 1 |
Goldman Sachs
New York
|
+$32.3M |
| 2 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
+$9.93M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$2.45M |
| 4 |
Walleye Trading
New York
|
+$2.45M |
| 5 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$1.84M |
Top Sellers
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$37.1M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$32.2M |
| 3 |
SG Americas Securities
New York
|
-$26.5M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$7.03M |
| 5 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$6.63M |
FAS Hedge Fund Activity: Q3 2013 in Review
38 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2013, worth a combined $315M — down 11% from $353M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FAS positions and 7 closed out — a net gain of 4 holders — while 8 added to existing stakes and 12 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $32.3M. The largest seller was Susquehanna International Group, cutting an estimated $37.1M.
- 38 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2013, up from 34 in Q2 2013.
- Funds reported $315M of Direxion Daily Financial Bull 3x ETF stock for Q3 2013, down 11% quarter-over-quarter.
- 11 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2013 and 7 closed out, a net change of +4 holders.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2013 was Goldman Sachs, an estimated $32.3M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2013 was Susquehanna International Group, an estimated $37.1M sold.
Based on aggregated 13F filings for Q3 2013.