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Direxion Daily Financial Bull 3x ETF
FAS

49 hedge funds and large institutions have $89.8M invested in Direxion Daily Financial Bull 3x ETF in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 7

7% more funds holding

Funds holding: 46 → 49 (+3)

11.37% less ownership

Funds ownership: 39.31% → 27.94% (-11%)

23% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 13

31% less call options, than puts

Call options by funds: $204M | Put options by funds: $295M

36% less capital invested

Capital invested by funds: $140M → $89.8M (-$50.4M)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
49
Holders Change
+3
Holders Change %
+6.52%
% of All Funds
1.31%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
11
Increased
10
Reduced
13
Closed
7
Calls
$204M
Puts
$295M
Net Calls
-$91.4M
Net Calls Change
-$35.4M

Top Buyers

1
Jane Street
Jane Street
New York
+$2.13M
2
Barclays
Barclays
United Kingdom
+$1.62M
3
Morgan Stanley
Morgan Stanley
New York
+$1.52M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$1.38M
5
Millennium Management
Millennium Management
New York
+$990K

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$37.3M
2
QIM
Quantitative Investment Management
Virginia
-$6.09M
3
Two Sigma Investments
Two Sigma Investments
New York
-$3M
4
CS
Credit Suisse
Switzerland
-$2.67M
5
VF
Virtu Financial
New York
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
1
Jane Street
New York
$23.5M +$2.13M +70,532 +10%
BFG
2
Bouchey Financial Group
New York
$14.6M -$182K -6,020 -1%
Goldman Sachs
3
Goldman Sachs
New York
$10.1M -$214K -7,088 -2%
VCAM
4
Valentine Capital Asset Management
California
$7.67M +$730K +24,160 +11%
Morgan Stanley
5
Morgan Stanley
New York
$5.35M +$1.52M +50,268 +40%
BNP Paribas Financial Markets
6
BNP Paribas Financial Markets
France
$4.92M +$1.38M +45,788 +40%
Barclays
7
Barclays
United Kingdom
$2.84M +$1.62M +53,444 +135%
CS
8
Credit Suisse
Switzerland
$2.47M -$2.67M -88,288 -52%
Walleye Trading
9
Walleye Trading
New York
$1.78M -$85.1K -2,816 -5%
GA
10
GFS Advisors
Texas
$1.63M – – –
Franklin Resources
11
Franklin Resources
California
$1.54M – – –
Bank of America
12
Bank of America
North Carolina
$1.49M +$549K +18,164 +59%
Susquehanna International Group
13
Susquehanna International Group
Pennsylvania
$1.17M -$37.3M -1,233,624 -97%
QC
14
QCM Cayman
Texas
$1.16M -$27.9K -924 -2%
Millennium Management
15
Millennium Management
New York
$1M +$990K +32,764 New
HSBC Holdings
16
HSBC Holdings
United Kingdom
$997K – – –
SCM
17
Stevens Capital Management
Pennsylvania
$779K +$771K +25,504 New
BHA
18
Beech Hill Advisors
New York
$635K +$172K +5,700 +38%
ID
19
Integral Derivatives
New York
$623K +$399K +13,200 +183%
UBS Group
20
UBS Group
Switzerland
$617K -$922K -30,484 -60%
CPSAC
21
Chas P. Smith & Associates (CPS)
Florida
$604K -$544K -18,000 -48%
MSFP
22
Mark Sheptoff Financial Planning
Connecticut
$397K – – –
FWCM
23
First Western Capital Management
California
$379K +$163K +5,400 +77%
Creative Planning
24
Creative Planning
Kansas
$367K -$614K -20,300 -63%
SCM
25
SOL Capital Management
Maryland
$367K – – –
1
2 3

FAS Hedge Fund Activity: Q1 2015 in Review

49 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2015, worth a combined $89.8M — down 36% from $140M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FAS positions and 7 closed out — a net gain of 4 holders — while 10 added to existing stakes and 13 trimmed.

The largest buyer was Jane Street, adding an estimated $2.13M. The largest seller was Susquehanna International Group, cutting an estimated $37.3M.

  • 49 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2015, up from 46 in Q4 2014.
  • Funds reported $89.8M of Direxion Daily Financial Bull 3x ETF stock for Q1 2015, down 36% quarter-over-quarter.
  • 11 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2015 and 7 closed out, a net change of +4 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2015 was Jane Street, an estimated $2.13M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2015 was Susquehanna International Group, an estimated $37.3M sold.

Based on aggregated 13F filings for Q1 2015.