Direxion Daily Financial Bull 3x ETF
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$30.5M |
| 2 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
+$5.47M |
| 3 |
Two Sigma Investments
New York
|
+$2.7M |
| 4 |
VF
Virtu Financial
New York
|
+$1.85M |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$675K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$113M |
| 2 |
Citigroup
New York
|
-$15.7M |
| 3 |
Jane Street
New York
|
-$12.4M |
| 4 |
Goldman Sachs
New York
|
-$11.4M |
| 5 |
SG Americas Securities
New York
|
-$3.63M |
FAS Hedge Fund Activity: Q4 2014 in Review
46 of the 3,765 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.