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Direxion Daily Financial Bull 3x ETF
FAS

47 hedge funds and large institutions have $35.2M invested in Direxion Daily Financial Bull 3x ETF in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 6 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 6

9% more call options, than puts

Call options by funds: $71.8M | Put options by funds: $65.8M

0.92% less ownership

Funds ownership: 5.62% → 4.69% (-0.92%)

16% less funds holding

Funds holding: 56 → 47 (-9)

25% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 20

59% less capital invested

Capital invested by funds: $85.9M → $35.2M (-$50.7M)

Holders
47
Holders Change
-9
Holders Change %
-16.07%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
17
Reduced
6
Closed
20
Calls
$71.8M
Puts
$65.8M
Net Calls
+$6.03M
Net Calls Change
+$43.2M

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$24.7M
2
Citigroup
Citigroup
New York
+$10.7M
3
CS
Credit Suisse
Switzerland
+$8.43M
4
Simplex Trading
Simplex Trading
Illinois
+$7.95M
5
Jane Street
Jane Street
New York
+$6.1M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$19.7M
2
NAM
Nexpoint Asset Management
Texas
-$2.73M
3
TRCT
Tower Research Capital (TRC)
New York
-$1.63M
4
BFG
Bouchey Financial Group
New York
-$914K
5
CC
Chicago Capital
Illinois
-$681K
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
1
Susquehanna International Group
Pennsylvania
$8.06M +$24.7M +324,394 +1,706%
Citadel Advisors
2
Citadel Advisors
Florida
$5.69M -$19.7M -258,738 -52%
Citigroup
3
Citigroup
New York
$3.37M +$10.7M +140,709 +4,708%
CS
4
Credit Suisse
Switzerland
$3.18M +$8.43M +110,725 +445%
Jane Street
5
Jane Street
New York
$2.87M +$6.1M +80,110 +189%
Simplex Trading
6
Simplex Trading
Illinois
$2.62M +$7.95M +104,392 +1,468%
APW
7
Aurora Private Wealth
New Jersey
$1.59M +$4.5M +59,128 +669%
HJMC
8
Hellman Jordan Management Company
Massachusetts
$1.17M +$3.81M +50,000 New
CIBC Private Wealth Group
9
CIBC Private Wealth Group
Georgia
$852K +$2.76M +36,305 New
TRCT
10
Tower Research Capital (TRC)
New York
$828K -$1.63M -21,454 -38%
Renaissance Technologies
11
Renaissance Technologies
New York
$474K +$1.54M +20,200 New
UBS Group
12
UBS Group
Switzerland
$409K +$1.13M +14,787 +561%
RIA
13
Realta Investment Advisors
Delaware
$398K -$215K -2,826 -14%
CG
14
Cutler Group
California
$351K +$1.14M +14,998 New
MMA
15
Miracle Mile Advisors
California
$286K +$929K +12,200 New
SCM
16
SOL Capital Management
Maryland
$282K – – –
SAM
17
SP Asset Management
California
$248K +$804K +10,557 New
SG Americas Securities
18
SG Americas Securities
New York
$243K – – –
BCWM
19
Blue Chip Wealth Management
Florida
$242K -$246K -3,233 -24%
Carson Wealth (CWM LLC)
20
Carson Wealth (CWM LLC)
Nebraska
$219K – – –
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$206K -$32.6K -428 -5%
TPWA
22
TRUE Private Wealth Advisors
Oregon
$205K +$79.3K +1,041 +13%
LC
23
Lindbrook Capital
California
$176K +$571K +7,500 New
Morgan Stanley
24
Morgan Stanley
New York
$157K +$202K +2,656 +66%
MSFP
25
Mark Sheptoff Financial Planning
Connecticut
$141K – – –
1
2 3

FAS Hedge Fund Activity: Q1 2020 in Review

47 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2020, worth a combined $35.2M — down 59% from $85.9M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of FAS and 15 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 17 added.

The largest buyer was Susquehanna International Group, adding an estimated $24.7M. The largest seller was Citadel Advisors, cutting an estimated $19.7M.

  • 47 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2020, down from 56 in Q4 2019.
  • Funds reported $35.2M of Direxion Daily Financial Bull 3x ETF stock for Q1 2020, down 59% quarter-over-quarter.
  • 15 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2020 and 20 closed out, a net change of -5 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2020 was Susquehanna International Group, an estimated $24.7M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2020 was Citadel Advisors, an estimated $19.7M sold.

Based on aggregated 13F filings for Q1 2020.