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Direxion Daily Financial Bull 3x ETF
FAS

55 hedge funds and large institutions have $68.3M invested in Direxion Daily Financial Bull 3x ETF in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 8 increasing their positions, 18 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more call options, than puts

Call options by funds: $126M | Put options by funds: $91.5M

0.78% less ownership

Funds ownership: 5.42% → 4.64% (-0.78%)

4% less funds holding

Funds holding: 57 → 55 (-2)

12% less capital invested

Capital invested by funds: $78M → $68.3M (-$9.65M)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

56% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 18

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
55
Holders Change
-2
Holders Change %
-3.51%
% of All Funds
1.19%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
10
Increased
8
Reduced
18
Closed
12
Calls
$126M
Puts
$91.5M
Net Calls
+$34.9M
Net Calls Change
+$336K

Top Buyers

1
HCMT
Highland Capital Management (Texas)
Texas
+$2.87M
2
Jane Street
Jane Street
New York
+$2.87M
3
VF
Virtu Financial
New York
+$2.07M
4
RIA
Realta Investment Advisors
Delaware
+$1.69M
5
SG Americas Securities
SG Americas Securities
New York
+$720K

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$12.3M
2
HJMC
Hellman Jordan Management Company
Massachusetts
-$6.19M
3
RIA
RPG Investment Advisory
California
-$4.69M
4
CS
Credit Suisse
Switzerland
-$3.93M
5
HIS
Harvest Investment Services
Illinois
-$2.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
EWA
1
Exencial Wealth Advisors
Oklahoma
$12.3M – – –
BFG
2
Bouchey Financial Group
New York
$8.49M -$1.21M -17,411 -13%
Citadel Advisors
3
Citadel Advisors
Florida
$4.85M -$12.3M -176,880 -73%
Susquehanna International Group
4
Susquehanna International Group
Pennsylvania
$3.66M -$1.07M -15,316 -24%
RIA
5
RPG Investment Advisory
California
$3.65M -$4.69M -67,503 -58%
Jane Street
6
Jane Street
New York
$3.32M +$2.87M +41,230 +1,123%
HIS
7
Harvest Investment Services
Illinois
$3.23M -$2.26M -32,501 -43%
HCMT
8
Highland Capital Management (Texas)
Texas
$3.06M +$2.87M +41,300 New
TRCT
9
Tower Research Capital (TRC)
New York
$2.81M -$1.13M -16,189 -30%
VF
10
Virtu Financial
New York
$2.73M +$2.07M +29,789 +415%
CBU
11
CIBC Bank USA
Illinois
$2.67M +$11.1K +160 +0.4%
RIA
12
Realta Investment Advisors
Delaware
$1.81M +$1.69M +24,361 New
TSS
13
Two Sigma Securities
New York
$1.32M +$419K +6,025 +51%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$1.24M -$172K -2,479 -13%
BCWM
15
Blue Chip Wealth Management
Florida
$1.23M -$10.6K -152 -0.9%
MCM
16
Mainstay Capital Management
Michigan
$937K +$234K +3,365 +36%
CS
17
Credit Suisse
Switzerland
$890K -$3.93M -56,582 -82%
SCM
18
SOL Capital Management
Maryland
$888K – – –
CA
19
Commerzbank Aktiengesellschaft
Germany
$765K -$123K -1,767 -15%
SG Americas Securities
20
SG Americas Securities
New York
$765K +$720K +10,347 New
Morgan Stanley
21
Morgan Stanley
New York
$645K +$252K +3,618 +71%
TPWA
22
TRUE Private Wealth Advisors
Oregon
$595K -$974 -14 -0.2%
FIA
23
FNY Investment Advisers
New York
$572K +$538K +7,737 New
Deutsche Bank
24
Deutsche Bank
Germany
$557K -$180K -2,586 -26%
QIM
25
Quantitative Investment Management
Virginia
$552K +$520K +7,471 New
1
2 3

FAS Hedge Fund Activity: Q2 2019 in Review

55 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2019, worth a combined $68.3M — down 12% from $78M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of FAS and 10 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 8 added.

The largest buyer was Highland Capital Management (Texas), opening a new position worth an estimated $2.87M. The largest seller was Citadel Advisors, cutting an estimated $12.3M.

  • 55 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2019, down from 57 in Q1 2019.
  • Funds reported $68.3M of Direxion Daily Financial Bull 3x ETF stock for Q2 2019, down 12% quarter-over-quarter.
  • 10 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2019 and 12 closed out, a net change of -2 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2019 was Highland Capital Management (Texas), an estimated $2.87M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2019 was Citadel Advisors, an estimated $12.3M sold.

Based on aggregated 13F filings for Q2 2019.