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Direxion Daily Financial Bull 3x ETF
FAS

52 hedge funds and large institutions have $67M invested in Direxion Daily Financial Bull 3x ETF in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

6% more capital invested

Capital invested by funds: $63.3M → $67M (+$3.69M)

1.67% more ownership

Funds ownership: 3.67% → 5.35% (+1.7%)

2% more call options, than puts

Call options by funds: $69.4M | Put options by funds: $68.3M

12% less funds holding

Funds holding: 59 → 52 (-7)

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

30% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 20

Holders
52
Holders Change
-7
Holders Change %
-11.86%
% of All Funds
1.16%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
14
Increased
11
Reduced
14
Closed
20
Calls
$69.4M
Puts
$68.3M
Net Calls
+$1.08M
Net Calls Change
+$60.2M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$9.85M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$6.66M
3
TRCT
Tower Research Capital (TRC)
New York
+$6.18M
4
HJMC
Hellman Jordan Management Company
Massachusetts
+$5.76M
5
Simplex Trading
Simplex Trading
Illinois
+$3.78M

Top Sellers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$3.25M
2
EWA
Exencial Wealth Advisors
Oklahoma
-$2.65M
3
Morgan Stanley
Morgan Stanley
New York
-$1.16M
4
CG
Cutler Group
California
-$673K
5
FIM
Freedom Investment Management
Connecticut
-$617K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
1
Citadel Advisors
Florida
$9.71M +$9.85M +171,056 +373%
EWA
2
Exencial Wealth Advisors
Oklahoma
$7.46M -$2.65M -46,092 -22%
BFG
3
Bouchey Financial Group
New York
$5.96M -$49.5K -860 -0.6%
RIA
4
RPG Investment Advisory
California
$5.32M -$43.2K -750 -0.6%
Susquehanna International Group
5
Susquehanna International Group
Pennsylvania
$5.18M +$6.66M +115,672 New
TRCT
6
Tower Research Capital (TRC)
New York
$4.82M +$6.18M +107,310 +31,195%
CS
7
Credit Suisse
Switzerland
$4.79M +$1.94M +33,745 +46%
HJMC
8
Hellman Jordan Management Company
Massachusetts
$4.48M +$5.76M +100,000 New
HIS
9
Harvest Investment Services
Illinois
$3.84M +$3.91M +67,993 New
Simplex Trading
10
Simplex Trading
Illinois
$2.94M +$3.78M +65,655 New
CBU
11
CIBC Bank USA
Illinois
$1.6M +$20.7K +360 +1%
Barclays
12
Barclays
United Kingdom
$1.49M +$1.92M +33,320 +66,640%
HCMT
13
Highland Capital Management (Texas)
Texas
$1.45M +$1.86M +32,400 New
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$1.02M -$3.25M -56,521 -71%
Jane Street
15
Jane Street
New York
$779K +$523K +9,091 +110%
BCWM
16
Blue Chip Wealth Management
Florida
$650K -$145K -2,524 -15%
Citigroup
17
Citigroup
New York
$635K +$816K +14,180 +88,625%
MCM
18
Mainstay Capital Management
Michigan
$601K -$211K -3,663 -21%
CA
19
Commerzbank Aktiengesellschaft
Germany
$563K +$723K +12,568 New
SCM
20
SOL Capital Management
Maryland
$537K – – –
MMA
21
Miracle Mile Advisors
California
$483K – – –
TPWA
22
TRUE Private Wealth Advisors
Oregon
$359K -$133K -2,311 -22%
WAM
23
Wolverine Asset Management
Illinois
$358K – – –
CC
24
Chicago Capital
Illinois
$322K – – –
MSFP
25
Mark Sheptoff Financial Planning
Connecticut
$284K +$20.3K +353 +6%
1
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FAS Hedge Fund Activity: Q4 2018 in Review

52 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2018, worth a combined $67M — up 5.8% from $63.3M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of FAS and 14 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 11 added.

The largest buyer was Citadel Advisors, adding an estimated $9.85M. The largest seller was Envestnet Asset Management, cutting an estimated $3.25M.

  • 52 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2018, down from 59 in Q3 2018.
  • Funds reported $67M of Direxion Daily Financial Bull 3x ETF stock for Q4 2018, up 5.8% quarter-over-quarter.
  • 14 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2018 and 20 closed out, a net change of -6 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2018 was Citadel Advisors, an estimated $9.85M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2018 was Envestnet Asset Management, an estimated $3.25M sold.

Based on aggregated 13F filings for Q4 2018.