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Direxion Daily Financial Bull 3x ETF
FAS

54 hedge funds and large institutions have $112M invested in Direxion Daily Financial Bull 3x ETF in 2017 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

6% more funds holding

Funds holding: 51 → 54 (+3)

0.31% less ownership

Funds ownership: 8.06% → 7.75% (-0.31%)

2% less capital invested

Capital invested by funds: $113M → $112M (-$1.74M)

21% less call options, than puts

Call options by funds: $82.3M | Put options by funds: $104M

35% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 17

Holders
54
Holders Change
+3
Holders Change %
+5.88%
% of All Funds
1.35%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
11
Increased
11
Reduced
17
Closed
8
Calls
$82.3M
Puts
$104M
Net Calls
-$22.1M
Net Calls Change
-$16.1M

Top Buyers

1
QIM
Quantitative Investment Management
Virginia
+$21.9M
2
EWA
Exencial Wealth Advisors
Oklahoma
+$11.1M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.71M
4
TRCT
Tower Research Capital (TRC)
New York
+$1.33M
5
VEA
Virtus ETF Advisers
New York
+$1.06M

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$30M
2
Two Sigma Investments
Two Sigma Investments
New York
-$9.8M
3
Citigroup
Citigroup
New York
-$5.15M
4
RIA
RPG Investment Advisory
California
-$2.32M
5
Morgan Stanley
Morgan Stanley
New York
-$1.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
QIM
1
Quantitative Investment Management
Virginia
$38.9M +$21.9M +424,600 +157%
EWA
2
Exencial Wealth Advisors
Oklahoma
$12M +$11.1M +214,756 New
BFG
3
Bouchey Financial Group
New York
$11.4M -$214K -4,167 -2%
RIA
4
RPG Investment Advisory
California
$9.51M -$2.32M -44,983 -21%
Envestnet Asset Management
5
Envestnet Asset Management
Illinois
$6.94M +$2.71M +52,714 +74%
MSFP
6
Mark Sheptoff Financial Planning
Connecticut
$3.42M +$72.1K +1,400 +2%
GA
7
GFS Advisors
Texas
$2.98M – – –
Susquehanna International Group
8
Susquehanna International Group
Pennsylvania
$2.84M -$30M -583,423 -92%
Morgan Stanley
9
Morgan Stanley
New York
$2.02M -$1.77M -34,429 -49%
TH
10
Timber Hill
Connecticut
$1.93M -$1.04M -20,224 -37%
Barclays
11
Barclays
United Kingdom
$1.93M -$922K -17,911 -34%
CBU
12
CIBC Bank USA
Illinois
$1.8M +$22.1K +430 +1%
SCM
13
Stevens Capital Management
Pennsylvania
$1.77M +$160K +3,100 +11%
TRCT
14
Tower Research Capital (TRC)
New York
$1.49M +$1.33M +25,749 +2,871%
CG
15
Cutler Group
California
$1.18M -$273K -5,309 -20%
VEA
16
Virtus ETF Advisers
New York
$1.15M +$1.06M +20,503 New
VF
17
Virtu Financial
New York
$1.08M +$991K +19,252 New
FIM
18
Freedom Investment Management
Connecticut
$945K +$869K +16,891 New
ACI
19
Alpha Cubed Investments
California
$933K +$858K +16,670 New
CS
20
Credit Suisse
Switzerland
$741K -$332K -6,458 -33%
SCM
21
SOL Capital Management
Maryland
$672K – – –
MMA
22
Miracle Mile Advisors
California
$662K -$53.8K -1,045 -8%
Goldman Sachs
23
Goldman Sachs
New York
$524K -$1.11M -21,491 -70%
TAM
24
Tocqueville Asset Management
New York
$464K +$427K +8,295 New
Jane Street
25
Jane Street
New York
$392K -$129K -2,500 -26%
1
2 3

FAS Hedge Fund Activity: Q3 2017 in Review

54 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2017, worth a combined $112M — down 1.5% from $113M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FAS positions and 8 closed out — a net gain of 3 holders — while 11 added to existing stakes and 17 trimmed.

The largest buyer was Quantitative Investment Management, adding an estimated $21.9M. The largest seller was Susquehanna International Group, cutting an estimated $30M.

  • 54 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2017, up from 51 in Q2 2017.
  • Funds reported $112M of Direxion Daily Financial Bull 3x ETF stock for Q3 2017, down 1.5% quarter-over-quarter.
  • 11 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2017 and 8 closed out, a net change of +3 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2017 was Quantitative Investment Management, an estimated $21.9M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2017 was Susquehanna International Group, an estimated $30M sold.

Based on aggregated 13F filings for Q3 2017.