Direxion Daily Financial Bull 3x ETF
FAS
43 hedge funds and large institutions have $111M invested in Direxion Daily Financial Bull 3x ETF in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 8 increasing their positions, 15 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
13% more funds holding
Funds holding: 38 → 43 (+5)
35% less call options, than puts
Call options by funds: $178M | Put options by funds: $275M
47% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 15
59.5% less ownership
Funds ownership: 94.89% → 35.39% (-60%)
65% less capital invested
Capital invested by funds: $315M → $111M (-$204M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
DRW Securities
Chicago,
Illinois
|
+$3.68M |
| 2 |
VF
Virtu Financial
New York
|
+$3.08M |
| 3 |
SG Americas Securities
New York
|
+$1.93M |
| 4 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
+$1.45M |
| 5 |
GIM
Guild Investment Management
Los Angeles,
California
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$252M |
| 2 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
-$9.66M |
| 3 |
SCM
Stevens Capital Management
Radnor,
Pennsylvania
|
-$3.89M |
| 4 |
JP Morgan Chase
New York
|
-$3.81M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.8M |
FAS Hedge Fund Activity: Q4 2013 in Review
43 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2013, worth a combined $111M — down 65% from $315M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FAS positions and 8 closed out — a net gain of 5 holders — while 8 added to existing stakes and 15 trimmed.
The largest buyer was DRW Securities, adding an estimated $3.68M. The largest seller was Goldman Sachs, cutting an estimated $252M.
- 43 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2013, up from 38 in Q3 2013.
- Funds reported $111M of Direxion Daily Financial Bull 3x ETF stock for Q4 2013, down 65% quarter-over-quarter.
- 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2013 and 8 closed out, a net change of +5 holders.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2013 was DRW Securities, an estimated $3.68M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2013 was Goldman Sachs, an estimated $252M sold.
Based on aggregated 13F filings for Q4 2013.