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Direxion Daily Financial Bull 3x ETF
FAS

43 hedge funds and large institutions have $81.3M invested in Direxion Daily Financial Bull 3x ETF in 2016 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

19% more funds holding

Funds holding: 36 → 43 (+7)

0.56% less ownership

Funds ownership: 8.08% → 7.52% (-0.56%)

16% less capital invested

Capital invested by funds: $96.9M → $81.3M (-$15.6M)

28% less call options, than puts

Call options by funds: $98.7M | Put options by funds: $136M

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

54% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 13

Holders
43
Holders Change
+7
Holders Change %
+19.44%
% of All Funds
1.15%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
13
Increased
6
Reduced
13
Closed
6
Calls
$98.7M
Puts
$136M
Net Calls
-$37.7M
Net Calls Change
-$19.2M

Top Buyers

1
QIM
Quantitative Investment Management
Virginia
+$2.36M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$2.14M
3
VF
Virtu Financial
New York
+$1.71M
4
CS
Credit Suisse
Switzerland
+$1.46M
5
GA
GFS Advisors
Texas
+$1.4M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$22.2M
2
Jane Street
Jane Street
New York
-$4.25M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.48M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$1.31M
5
SCM
Stevens Capital Management
Pennsylvania
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
TH
1
Timber Hill
Connecticut
$12.8M -$517K -19,641 -4%
BNP Paribas Financial Markets
2
BNP Paribas Financial Markets
France
$10.7M -$1.31M -50,000 -11%
Goldman Sachs
3
Goldman Sachs
New York
$8.57M -$22.2M -842,906 -71%
BFG
4
Bouchey Financial Group
New York
$8.32M -$385K -14,658 -4%
RIA
5
RPG Investment Advisory
California
$6.86M +$599K +22,761 +9%
Jane Street
6
Jane Street
New York
$5.15M -$4.25M -161,653 -44%
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$4.32M +$2.14M +81,422 +92%
TRCT
8
Tower Research Capital (TRC)
New York
$3.53M -$606K -23,056 -14%
Simplex Trading
9
Simplex Trading
Illinois
$2.5M +$683K +25,967 +36%
Wolverine Trading
10
Wolverine Trading
Illinois
$2.42M +$2.6M +98,693 New
QIM
11
Quantitative Investment Management
Virginia
$2.29M +$2.36M +89,800 New
VF
12
Virtu Financial
New York
$1.65M +$1.71M +64,922 New
CS
13
Credit Suisse
Switzerland
$1.41M +$1.46M +55,335 New
GA
14
GFS Advisors
Texas
$1.35M +$1.4M +53,200 New
SG Americas Securities
15
SG Americas Securities
New York
$1.34M +$1.38M +52,516 New
SG
16
Societe Generale
$1.34M +$1.38M +52,516 New
HSBC Holdings
17
HSBC Holdings
United Kingdom
$831K – – –
Bank of America
18
Bank of America
North Carolina
$767K -$1.06M -40,240 -57%
Barclays
19
Barclays
United Kingdom
$748K +$275K +10,472 +55%
Creative Planning
20
Creative Planning
Kansas
$728K -$471K -17,894 -38%
CG
21
Cutler Group
California
$669K +$691K +26,287 New
AWCI
22
Alpine Woods Capital Investors
New York
$522K – – –
CBU
23
CIBC Bank USA
Illinois
$493K +$509K +19,360 New
UBS Group
24
UBS Group
Switzerland
$442K +$184K +6,978 +67%
SCM
25
SOL Capital Management
Maryland
$306K – – –
1
2

FAS Hedge Fund Activity: Q2 2016 in Review

43 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2016, worth a combined $81.3M — down 16% from $96.9M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FAS positions and 6 closed out — a net gain of 7 holders — while 6 added to existing stakes and 13 trimmed.

The largest buyer was Quantitative Investment Management, opening a new position worth an estimated $2.36M. The largest seller was Goldman Sachs, cutting an estimated $22.2M.

  • 43 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2016, up from 36 in Q1 2016.
  • Funds reported $81.3M of Direxion Daily Financial Bull 3x ETF stock for Q2 2016, down 16% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2016 and 6 closed out, a net change of +7 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2016 was Quantitative Investment Management, an estimated $2.36M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2016 was Goldman Sachs, an estimated $22.2M sold.

Based on aggregated 13F filings for Q2 2016.