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Direxion Daily Financial Bull 3x ETF
FAS

77 hedge funds and large institutions have $74M invested in Direxion Daily Financial Bull 3x ETF in 2021 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 10 increasing their positions, 24 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more call options, than puts

Call options by funds: $500M | Put options by funds: $302M

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

4% more funds holding

Funds holding: 74 → 77 (+3)

0.17% more ownership

Funds ownership: 2.28% → 2.45% (+0.17%)

3% less capital invested

Capital invested by funds: $76.2M → $74M (-$2.16M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

58% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 24

Holders
77
Holders Change
+3
Holders Change %
+4.05%
% of All Funds
1.35%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
17
Increased
10
Reduced
24
Closed
11
Calls
$500M
Puts
$302M
Net Calls
+$198M
Net Calls Change
+$39.9M

Top Buyers

1
TCM
Thames Capital Management
New Jersey
+$15.6M
2
Goldman Sachs
Goldman Sachs
New York
+$5.74M
3
Simplex Trading
Simplex Trading
Illinois
+$4.06M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$2.55M
5
HIC
Hartline Investment Corp
Illinois
+$2M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$8.74M
2
Jane Street
Jane Street
New York
-$5.6M
3
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$4.03M
4
HF
HRT Financial
New York
-$4.02M
5
XSC
X-Square Capital
Puerto Rico
-$3.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
1
Thames Capital Management
New Jersey
$15.7M +$15.6M +136,008 New
Citadel Advisors
2
Citadel Advisors
Florida
$6.17M -$8.74M -76,117 -59%
Simplex Trading
3
Simplex Trading
Illinois
$6.12M +$4.06M +35,317 +182%
Goldman Sachs
4
Goldman Sachs
New York
$5.78M +$5.74M +50,000 New
Susquehanna International Group
5
Susquehanna International Group
Pennsylvania
$3.45M +$2.55M +22,184 +290%
CIA
6
Capital Investment Advisors
Georgia
$2.62M -$116K -1,010 -4%
SCP
7
Silverleafe Capital Partners
Tennessee
$2.62M -$666K -5,799 -20%
HIC
8
Hartline Investment Corp
Illinois
$2.31M +$2M +17,450 +684%
CS
9
Credit Suisse
Switzerland
$2.06M +$53.8K +468 +3%
HJMC
10
Hellman Jordan Management Company
Massachusetts
$1.75M -$2.09M -18,233 -55%
AWM
11
Activest Wealth Management
Florida
$1.74M +$1.73M +15,084 New
Jane Street
12
Jane Street
New York
$1.69M -$5.6M -48,750 -77%
Morgan Stanley
13
Morgan Stanley
New York
$1.67M -$990K -8,615 -37%
SAM
14
SP Asset Management
California
$1.48M – – –
SCM
15
SOL Capital Management
Maryland
$1.39M – – –
XSC
16
X-Square Capital
Puerto Rico
$1.2M -$3.31M -28,837 -74%
CG
17
Cutler Group
California
$1.17M +$1.16M +10,126 New
SBIA
18
Sheaff Brock Investment Advisors
Indiana
$1.16M +$1.49K +13 +0.1%
AWM
19
Apollon Wealth Management
South Carolina
$811K -$189K -1,647 -19%
MIM
20
Moseley Investment Management
Florida
$807K +$768K +6,687 New
Squarepoint
21
Squarepoint
New York
$785K +$780K +6,791 New
RIA
22
Regal Investment Advisors
Michigan
$733K +$51.7K +450 +8%
MSFP
23
Mark Sheptoff Financial Planning
Connecticut
$694K – – –
LPL Financial
24
LPL Financial
California
$684K – – –
BCM
25
Brookstone Capital Management
Illinois
$619K -$574K -5,000 -50%
1
2 3 4

FAS Hedge Fund Activity: Q3 2021 in Review

77 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2021, worth a combined $74M — down 2.8% from $76.2M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FAS positions and 11 closed out — a net gain of 6 holders — while 10 added to existing stakes and 24 trimmed.

The largest buyer was Thames Capital Management, opening a new position worth an estimated $15.6M. The largest seller was Citadel Advisors, cutting an estimated $8.74M.

  • 77 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2021, up from 74 in Q2 2021.
  • Funds reported $74M of Direxion Daily Financial Bull 3x ETF stock for Q3 2021, down 2.8% quarter-over-quarter.
  • 17 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2021 and 11 closed out, a net change of +6 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2021 was Thames Capital Management, an estimated $15.6M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2021 was Citadel Advisors, an estimated $8.74M sold.

Based on aggregated 13F filings for Q3 2021.