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Direxion Daily Financial Bull 3x ETF
FAS

56 hedge funds and large institutions have $85.9M invested in Direxion Daily Financial Bull 3x ETF in 2019 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% more capital invested

Capital invested by funds: $51.1M → $85.9M (+$34.8M)

15% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 13

4% more funds holding

Funds holding: 54 → 56 (+2)

1.78% more ownership

Funds ownership: 3.84% → 5.62% (+1.8%)

25% less call options, than puts

Call options by funds: $111M | Put options by funds: $149M

50% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 16

Holders
56
Holders Change
+2
Holders Change %
+3.7%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
8
Reduced
16
Closed
13
Calls
$111M
Puts
$149M
Net Calls
-$37.2M
Net Calls Change
-$54.5M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$30.5M
2
TRCT
Tower Research Capital (TRC)
New York
+$4.8M
3
Jane Street
Jane Street
New York
+$3.18M
4
VF
Virtu Financial
New York
+$1.58M
5
CS
Credit Suisse
Switzerland
+$1.37M

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$8.35M
2
BFG
Bouchey Financial Group
New York
-$4.83M
3
HIS
Harvest Investment Services
Illinois
-$1.65M
4
NAM
Nexpoint Asset Management
Texas
-$1.05M
5
Renaissance Technologies
Renaissance Technologies
New York
-$1.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
1
Citadel Advisors
Florida
$47.4M +$30.5M +361,078 +258%
TRCT
2
Tower Research Capital (TRC)
New York
$5.37M +$4.8M +56,743 New
Jane Street
3
Jane Street
New York
$4M +$3.18M +37,635 +804%
CBU
4
CIBC Bank USA
Illinois
$3.43M +$6.34K +75 +0.2%
NAM
5
Nexpoint Asset Management
Texas
$2.73M -$1.05M -12,400 -30%
CS
6
Credit Suisse
Switzerland
$2.35M +$1.37M +16,223 +188%
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$1.8M -$8.35M -98,790 -84%
RIA
8
Realta Investment Advisors
Delaware
$1.79M -$110K -1,307 -6%
VF
9
Virtu Financial
New York
$1.77M +$1.58M +18,689 New
BCWM
10
Blue Chip Wealth Management
Florida
$1.28M +$26.8K +317 +2%
SCM
11
SOL Capital Management
Maryland
$1.14M – – –
SG Americas Securities
12
SG Americas Securities
New York
$979K – – –
BFG
13
Bouchey Financial Group
New York
$914K -$4.83M -57,161 -86%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$872K -$511K -6,044 -40%
APW
15
Aurora Private Wealth
New Jersey
$837K +$747K +8,843 New
TPWA
16
TRUE Private Wealth Advisors
Oregon
$731K -$11.9K -141 -2%
CC
17
Chicago Capital
Illinois
$681K – – –
Simplex Trading
18
Simplex Trading
Illinois
$673K +$601K +7,112 New
LPL Financial
19
LPL Financial
California
$586K – – –
MSFP
20
Mark Sheptoff Financial Planning
Connecticut
$568K – – –
Goldman Sachs
21
Goldman Sachs
New York
$541K -$85 -1 -0%
Morgan Stanley
22
Morgan Stanley
New York
$382K +$114K +1,352 +50%
SS
23
Sunbelt Securities
Texas
$364K – – –
Janney Montgomery Scott
24
Janney Montgomery Scott
Pennsylvania
$347K – – –
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$305K +$761 +9 +0.3%
1
2 3

FAS Hedge Fund Activity: Q4 2019 in Review

56 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2019, worth a combined $85.9M — up 68% from $51.1M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FAS positions and 13 closed out — a net gain of 2 holders — while 8 added to existing stakes and 16 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $30.5M. The largest seller was Susquehanna International Group, cutting an estimated $8.35M.

  • 56 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2019, up from 54 in Q3 2019.
  • Funds reported $85.9M of Direxion Daily Financial Bull 3x ETF stock for Q4 2019, up 68% quarter-over-quarter.
  • 15 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2019 and 13 closed out, a net change of +2 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2019 was Citadel Advisors, an estimated $30.5M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2019 was Susquehanna International Group, an estimated $8.35M sold.

Based on aggregated 13F filings for Q4 2019.