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Direxion Daily Financial Bull 3x ETF
FAS

36 hedge funds and large institutions have $160M invested in Direxion Daily Financial Bull 3x ETF in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

100% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 7

44% more capital invested

Capital invested by funds: $111M → $160M (+$49.3M)

16.02% more ownership

Funds ownership: 35.39% → 51.41% (+16%)

16% less funds holding

Funds holding: 43 → 36 (-7)

28% less call options, than puts

Call options by funds: $260M | Put options by funds: $360M

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

Holders
36
Holders Change
-7
Holders Change %
-16.28%
% of All Funds
1.04%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
8
Increased
14
Reduced
7
Closed
15
Calls
$260M
Puts
$360M
Net Calls
-$100M
Net Calls Change
-$2.64M

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$13.3M
2
CS
Credit Suisse
Switzerland
+$12.9M
3
Goldman Sachs
Goldman Sachs
New York
+$12.8M
4
EWA
Exencial Wealth Advisors
Oklahoma
+$6.25M
5
PRCM
Pine River Capital Management
Minnesota
+$3.91M

Top Sellers

1
DS
DRW Securities
Illinois
-$4.41M
2
Citigroup
Citigroup
New York
-$4.29M
3
SG Americas Securities
SG Americas Securities
New York
-$2.89M
4
VF
Virtu Financial
New York
-$1.87M
5
QIM
Quantitative Investment Management
Virginia
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$40.8M +$12.8M +576,320 +50%
Citigroup
2
Citigroup
New York
$22.8M -$4.29M -193,892 -17%
Susquehanna International Group
3
Susquehanna International Group
Pennsylvania
$21.7M +$13.3M +599,324 +189%
CS
4
Credit Suisse
Switzerland
$13.8M +$12.9M +581,144 New
Morgan Stanley
5
Morgan Stanley
New York
$12.3M +$3.76M +169,780 +48%
BFG
6
Bouchey Financial Group
New York
$12.3M +$169K +7,628 +1%
EWA
7
Exencial Wealth Advisors
Oklahoma
$6.24M +$6.25M +282,176 New
PRCM
8
Pine River Capital Management
Minnesota
$4.18M +$3.91M +176,636 New
VCAM
9
Valentine Capital Asset Management
California
$4.11M +$2.74M +123,640 +247%
Barclays
10
Barclays
United Kingdom
$2.84M +$1.33M +59,968 +99%
CPSAC
11
Chas P. Smith & Associates (CPS)
Florida
$2.73M +$547K +24,732 +27%
TRCT
12
Tower Research Capital (TRC)
New York
$2.7M +$2.53M +114,112 +79,244%
BNP Paribas Financial Markets
13
BNP Paribas Financial Markets
France
$2.62M +$695K +31,400 +37%
VF
14
Virtu Financial
New York
$1.67M -$1.87M -84,412 -54%
Bank of America
15
Bank of America
North Carolina
$1.64M -$293K -13,256 -16%
GA
16
GFS Advisors
Texas
$1.26M +$1.18M +53,200 New
SGH
17
Schonfeld Group Holdings
New York
$1.03M +$124K +5,600 +15%
Jane Street
18
Jane Street
New York
$998K +$667K +30,156 +251%
QC
19
QCM Cayman
Texas
$844K +$790K +35,684 New
HSBC Holdings
20
HSBC Holdings
United Kingdom
$772K – – –
TH
21
Timber Hill
Connecticut
$560K +$524K +23,680 New
FWCM
22
First Western Capital Management
California
$484K +$95.2K +4,300 +27%
LPL Financial
23
LPL Financial
California
$426K -$170K -7,688 -30%
SCM
24
SOL Capital Management
Maryland
$284K – – –
Creative Planning
25
Creative Planning
Kansas
$284K +$88.5K +4,000 +50%
1
2

FAS Hedge Fund Activity: Q1 2014 in Review

36 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2014, worth a combined $160M — up 44% from $111M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FAS and 8 opened new positions — a net loss of 7 holders — while 7 trimmed existing stakes and 14 added.

The largest buyer was Susquehanna International Group, adding an estimated $13.3M. The largest seller was DRW Securities, exiting entirely with an estimated $4.41M sold.

  • 36 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2014, down from 43 in Q4 2013.
  • Funds reported $160M of Direxion Daily Financial Bull 3x ETF stock for Q1 2014, up 44% quarter-over-quarter.
  • 8 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2014 and 15 closed out, a net change of -7 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2014 was Susquehanna International Group, an estimated $13.3M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2014 was DRW Securities, an estimated $4.41M sold.

Based on aggregated 13F filings for Q1 2014.