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Direxion Daily Financial Bull 3x ETF
FAS

44 hedge funds and large institutions have $76.9M invested in Direxion Daily Financial Bull 3x ETF in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

2% more funds holding

Funds holding: 43 → 44 (+1)

0.27% less ownership

Funds ownership: 7.52% → 7.25% (-0.27%)

5% less capital invested

Capital invested by funds: $81.3M → $76.9M (-$4.36M)

23% less call options, than puts

Call options by funds: $119M | Put options by funds: $154M

53% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 17

Holders
44
Holders Change
+1
Holders Change %
+2.33%
% of All Funds
1.17%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
8
Increased
8
Reduced
17
Closed
6
Calls
$119M
Puts
$154M
Net Calls
-$34.9M
Net Calls Change
+$2.84M

Top Buyers

1
Citigroup
Citigroup
New York
+$2.87M
2
Barclays
Barclays
United Kingdom
+$2.53M
3
Morgan Stanley
Morgan Stanley
New York
+$2.02M
4
CG
Cutler Group
California
+$2.01M
5
Citadel Advisors
Citadel Advisors
Florida
+$1.74M

Top Sellers

1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$7.17M
2
Jane Street
Jane Street
New York
-$4.72M
3
BFG
Bouchey Financial Group
New York
-$3.26M
4
TRCT
Tower Research Capital (TRC)
New York
-$3M
5
QIM
Quantitative Investment Management
Virginia
-$2.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
TH
1
Timber Hill
Connecticut
$13M -$1.69M -58,898 -12%
Goldman Sachs
2
Goldman Sachs
New York
$9.7M -$118K -4,101 -1%
RIA
3
RPG Investment Advisory
California
$7.11M -$744K -25,931 -10%
BFG
4
Bouchey Financial Group
New York
$6.22M -$3.26M -113,598 -35%
BNP Paribas Financial Markets
5
BNP Paribas Financial Markets
France
$4.93M -$7.17M -250,000 -60%
Susquehanna International Group
6
Susquehanna International Group
Pennsylvania
$4.82M -$120K -4,184 -2%
Barclays
7
Barclays
United Kingdom
$3.43M +$2.53M +88,346 +301%
Citigroup
8
Citigroup
New York
$2.92M +$2.87M +100,000 New
CG
9
Cutler Group
California
$2.81M +$2.01M +70,028 +266%
VF
10
Virtu Financial
New York
$2.46M +$561K +19,566 +30%
Wolverine Trading
11
Wolverine Trading
Illinois
$2.36M -$446K -15,539 -16%
Morgan Stanley
12
Morgan Stanley
New York
$2.14M +$2.02M +70,435 +2,436%
Citadel Advisors
13
Citadel Advisors
Florida
$2.07M +$1.74M +60,621 +583%
MMA
14
Miracle Mile Advisors
California
$1.61M +$1.59M +55,395 New
GA
15
GFS Advisors
Texas
$1.55M – – –
Simplex Trading
16
Simplex Trading
Illinois
$1.13M -$1.71M -59,626 -61%
Creative Planning
17
Creative Planning
Kansas
$1.1M +$260K +9,052 +32%
Jane Street
18
Jane Street
New York
$1.09M -$4.72M -164,545 -81%
TRCT
19
Tower Research Capital (TRC)
New York
$992K -$3M -104,612 -75%
HSBC Holdings
20
HSBC Holdings
United Kingdom
$951K – – –
CS
21
Credit Suisse
Switzerland
$815K -$785K -27,358 -49%
ACI
22
Alpha Cubed Investments
California
$749K +$737K +25,705 New
CBU
23
CIBC Bank USA
Illinois
$597K +$31.7K +1,105 +6%
CPSAC
24
Chas P. Smith & Associates (CPS)
Florida
$381K +$349K +12,167 New
SCM
25
SOL Capital Management
Maryland
$350K – – –
1
2

FAS Hedge Fund Activity: Q3 2016 in Review

44 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2016, worth a combined $76.9M — down 5.4% from $81.3M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FAS positions and 6 closed out — a net gain of 2 holders — while 8 added to existing stakes and 17 trimmed.

The largest buyer was Citigroup, opening a new position worth an estimated $2.87M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $7.17M.

  • 44 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2016, up from 43 in Q2 2016.
  • Funds reported $76.9M of Direxion Daily Financial Bull 3x ETF stock for Q3 2016, down 5.4% quarter-over-quarter.
  • 8 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2016 and 6 closed out, a net change of +2 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2016 was Citigroup, an estimated $2.87M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2016 was BNP Paribas Financial Markets, an estimated $7.17M sold.

Based on aggregated 13F filings for Q3 2016.