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Direxion Daily Financial Bull 3x ETF
FAS

46 hedge funds and large institutions have $140M invested in Direxion Daily Financial Bull 3x ETF in 2014 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

7% more funds holding

Funds holding: 43 → 46 (+3)

20% less call options, than puts

Call options by funds: $226M | Put options by funds: $282M

31.88% less ownership

Funds ownership: 71.19% → 39.31% (-32%)

38% less capital invested

Capital invested by funds: $228M → $140M (-$87.4M)

53% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 15

Holders
46
Holders Change
+3
Holders Change %
+6.98%
% of All Funds
1.23%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
13
Increased
7
Reduced
15
Closed
9
Calls
$226M
Puts
$282M
Net Calls
-$56M
Net Calls Change
-$22.5M

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$30.5M
2
QIM
Quantitative Investment Management
Virginia
+$5.47M
3
Two Sigma Investments
Two Sigma Investments
New York
+$2.7M
4
VF
Virtu Financial
New York
+$1.85M
5
Creative Planning
Creative Planning
Kansas
+$675K

Top Sellers

1
CS
Credit Suisse
Switzerland
-$113M
2
Citigroup
Citigroup
New York
-$15.7M
3
Jane Street
Jane Street
New York
-$12.4M
4
Goldman Sachs
Goldman Sachs
New York
-$11.4M
5
SG Americas Securities
SG Americas Securities
New York
-$3.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
1
Susquehanna International Group
Pennsylvania
$40.4M +$30.5M +1,067,920 +524%
Jane Street
2
Jane Street
New York
$22.2M -$12.4M -433,216 -38%
BFG
3
Bouchey Financial Group
New York
$15.4M +$567K +19,844 +4%
Goldman Sachs
4
Goldman Sachs
New York
$10.8M -$11.4M -399,416 -54%
VCAM
5
Valentine Capital Asset Management
California
$7.21M -$1.5M -52,700 -19%
QIM
6
Quantitative Investment Management
Virginia
$6.09M +$5.47M +191,600 New
CS
7
Credit Suisse
Switzerland
$5.38M -$113M -3,965,020 -96%
Morgan Stanley
8
Morgan Stanley
New York
$3.97M -$1.35M -47,408 -28%
BNP Paribas Financial Markets
9
BNP Paribas Financial Markets
France
$3.66M -$557K -19,512 -14%
Two Sigma Investments
10
Two Sigma Investments
New York
$3M +$2.7M +94,400 New
VF
11
Virtu Financial
New York
$2.06M +$1.85M +64,940 New
Walleye Trading
12
Walleye Trading
New York
$1.95M -$192K -6,708 -10%
GA
13
GFS Advisors
Texas
$1.69M – – –
UBS Group
14
UBS Group
Switzerland
$1.61M +$1.45M +50,684 New
Franklin Resources
15
Franklin Resources
California
$1.6M – – –
TRCT
16
Tower Research Capital (TRC)
New York
$1.33M +$5.82K +204 +0.5%
Barclays
17
Barclays
United Kingdom
$1.26M -$1.63M -56,972 -59%
QC
18
QCM Cayman
Texas
$1.24M -$110K -3,844 -9%
CPSAC
19
Chas P. Smith & Associates (CPS)
Florida
$1.2M -$106K -3,720 -9%
HSBC Holdings
20
HSBC Holdings
United Kingdom
$1.04M – – –
Creative Planning
21
Creative Planning
Kansas
$1.03M +$675K +23,632 +273%
Bank of America
22
Bank of America
North Carolina
$977K -$2.15M -75,148 -71%
Citigroup
23
Citigroup
New York
$631K -$15.7M -551,000 -97%
CC
24
Columbia Capital
California
$622K +$558K +19,560 New
BHA
25
Beech Hill Advisors
New York
$480K -$389K -13,612 -47%
1
2 3

FAS Hedge Fund Activity: Q4 2014 in Review

46 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2014, worth a combined $140M — down 38% from $228M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FAS positions and 9 closed out — a net gain of 4 holders — while 7 added to existing stakes and 15 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $30.5M. The largest seller was Credit Suisse, cutting an estimated $113M.

  • 46 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2014, up from 43 in Q3 2014.
  • Funds reported $140M of Direxion Daily Financial Bull 3x ETF stock for Q4 2014, down 38% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2014 and 9 closed out, a net change of +4 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2014 was Susquehanna International Group, an estimated $30.5M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2014 was Credit Suisse, an estimated $113M sold.

Based on aggregated 13F filings for Q4 2014.