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Direxion Daily Financial Bull 3x ETF
FAS

72 hedge funds and large institutions have $120M invested in Direxion Daily Financial Bull 3x ETF in 2017 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 16 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 6

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

33% more funds holding

Funds holding: 54 → 72 (+18)

8% more capital invested

Capital invested by funds: $112M → $120M (+$8.39M)

1.1% less ownership

Funds ownership: 7.75% → 6.64% (-1.1%)

11% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 18

43% less call options, than puts

Call options by funds: $76.8M | Put options by funds: $134M

Holders
72
Holders Change
+18
Holders Change %
+33.33%
% of All Funds
1.63%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.11%
New
24
Increased
16
Reduced
18
Closed
6
Calls
$76.8M
Puts
$134M
Net Calls
-$57.2M
Net Calls Change
-$35.1M

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$9.51M
2
Two Sigma Advisers
Two Sigma Advisers
New York
+$1.66M
3
VFA
Virtus Fund Advisers
Connecticut
+$1.53M
4
HT
HAP Trading
New York
+$1.28M
5
Wolverine Trading
Wolverine Trading
Illinois
+$753K

Top Sellers

1
QIM
Quantitative Investment Management
Virginia
-$25.8M
2
Barclays
Barclays
United Kingdom
-$1.69M
3
TRCT
Tower Research Capital (TRC)
New York
-$1.49M
4
CG
Cutler Group
California
-$1.2M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
QIM
1
Quantitative Investment Management
Virginia
$19.3M -$25.8M -412,300 -59%
EWA
2
Exencial Wealth Advisors
Oklahoma
$14.5M -$130K -2,077 -1%
Susquehanna International Group
3
Susquehanna International Group
Pennsylvania
$13.9M +$9.51M +152,259 +300%
BFG
4
Bouchey Financial Group
New York
$13.8M -$66.9K -1,071 -0.5%
RIA
5
RPG Investment Advisory
California
$11.4M -$236K -3,778 -2%
Envestnet Asset Management
6
Envestnet Asset Management
Illinois
$7.2M -$1.17M -18,651 -15%
MSFP
7
Mark Sheptoff Financial Planning
Connecticut
$4.01M -$153K -2,448 -4%
GA
8
GFS Advisors
Texas
$3.64M – – –
Morgan Stanley
9
Morgan Stanley
New York
$2.67M +$187K +2,988 +8%
CBU
10
CIBC Bank USA
Illinois
$2.22M +$18.7K +300 +0.9%
Two Sigma Advisers
11
Two Sigma Advisers
New York
$2.11M +$1.66M +26,500 +602%
VFA
12
Virtus Fund Advisers
Connecticut
$1.67M +$1.53M +24,450 New
VEA
13
Virtus ETF Advisers
New York
$1.6M +$184K +2,950 +14%
ACI
14
Alpha Cubed Investments
California
$1.44M +$278K +4,450 +27%
SCM
15
Stevens Capital Management
Pennsylvania
$1.41M -$688K -11,010 -35%
HT
16
HAP Trading
New York
$1.41M +$1.28M +20,560 New
TAM
17
Tocqueville Asset Management
New York
$1.28M +$656K +10,500 +127%
FIM
18
Freedom Investment Management
Connecticut
$1.25M +$88K +1,409 +8%
TH
19
Timber Hill
Connecticut
$1.22M -$1.04M -16,619 -48%
MCM
20
Mainstay Capital Management
Michigan
$1.18M +$1.07M +17,187 New
CS
21
Credit Suisse
Switzerland
$1.05M +$132K +2,117 +16%
Wolverine Trading
22
Wolverine Trading
Illinois
$824K +$753K +12,045 New
SCM
23
SOL Capital Management
Maryland
$821K – – –
ID
24
Integral Derivatives
New York
$797K +$728K +11,650 New
MMA
25
Miracle Mile Advisors
California
$737K -$65.1K -1,042 -9%
1
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FAS Hedge Fund Activity: Q4 2017 in Review

72 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2017, worth a combined $120M — up 7.5% from $112M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new FAS positions and 6 closed out — a net gain of 18 holders — while 16 added to existing stakes and 18 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $9.51M. The largest seller was Quantitative Investment Management, cutting an estimated $25.8M.

  • 72 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2017, up from 54 in Q3 2017.
  • Funds reported $120M of Direxion Daily Financial Bull 3x ETF stock for Q4 2017, up 7.5% quarter-over-quarter.
  • 24 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2017 and 6 closed out, a net change of +18 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2017 was Susquehanna International Group, an estimated $9.51M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2017 was Quantitative Investment Management, an estimated $25.8M sold.

Based on aggregated 13F filings for Q4 2017.