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Direxion Daily Financial Bull 3x ETF
FAS

76 hedge funds and large institutions have $55.9M invested in Direxion Daily Financial Bull 3x ETF in 2022 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more call options, than puts

Call options by funds: $282M | Put options by funds: $228M

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.54% less ownership

Funds ownership: 2.44% → 1.9% (-0.54%)

4% less funds holding

Funds holding: 79 → 76 (-3)

12% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 17

15% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 20

36% less capital invested

Capital invested by funds: $88M → $55.9M (-$32M)

Holders
76
Holders Change
-3
Holders Change %
-3.8%
% of All Funds
1.2%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
17
Increased
15
Reduced
17
Closed
20
Calls
$282M
Puts
$228M
Net Calls
+$53.9M
Net Calls Change
-$44.7M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$4.7M
2
SCA
Snowden Capital Advisors
New York
+$4.54M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.65M
4
IMC Chicago
IMC Chicago
Illinois
+$1.3M
5
UBS Group
UBS Group
Switzerland
+$1.1M

Top Sellers

Rank Fund Capital Flow
1
Wolverine Trading
Wolverine Trading
Illinois
-$11.3M
2
Citadel Advisors
Citadel Advisors
Florida
-$6.71M
3
HF
HRT Financial
New York
-$5.72M
4
DSCM
Del-Sette Capital Management
New York
-$3.28M
5
CS
Credit Suisse
Switzerland
-$2.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
1
Jane Street
New York
$6.21M +$4.7M +37,148 +237%
CS
2
Credit Suisse
Switzerland
$5.54M -$2.39M -18,874 -29%
CIBC Private Wealth Group
3
CIBC Private Wealth Group
Georgia
$4.33M – – –
Morgan Stanley
4
Morgan Stanley
New York
$4.27M -$1.72M -13,598 -27%
SCA
5
Snowden Capital Advisors
New York
$4.22M +$4.54M +35,900 New
UBS Group
6
UBS Group
Switzerland
$3.66M +$1.1M +8,700 +39%
CIA
7
Capital Investment Advisors
Georgia
$2.7M +$41.7K +330 +1%
Bank of Montreal
8
Bank of Montreal
Ontario, Canada
$2.6M +$37.9K +300 +1%
SCP
9
Silverleafe Capital Partners
Tennessee
$1.8M -$1.74M -13,743 -47%
Susquehanna International Group
10
Susquehanna International Group
Pennsylvania
$1.53M +$1.65M +13,028 New
SCM
11
SOL Capital Management
Maryland
$1.41M – – –
SAM
12
SP Asset Management
California
$1.24M – – –
IMC Chicago
13
IMC Chicago
Illinois
$1.21M +$1.3M +10,245 New
SBIA
14
Sheaff Brock Investment Advisors
Indiana
$1.19M – – –
AWM
15
Apollon Wealth Management
South Carolina
$984K +$87.3K +690 +9%
MSFP
16
Mark Sheptoff Financial Planning
Connecticut
$705K – – –
UCFA
17
United Capital Financial Advisors
Texas
$705K +$759K +6,000 New
LPL Financial
18
LPL Financial
California
$701K – – –
LWM
19
Laidlaw Wealth Management
New York
$587K +$381K +3,009 +152%
Simplex Trading
20
Simplex Trading
Illinois
$575K -$2.23M -17,597 -78%
BCM
21
Brookstone Capital Management
Illinois
$555K -$6.32K -50 -1%
GSC
22
Ground Swell Capital
South Carolina
$525K +$565K +4,466 New
Bank of America
23
Bank of America
North Carolina
$447K +$480K +3,799 New
MIM
24
Moseley Investment Management
Florida
$433K – – –
HWM
25
Horizon Wealth Management
Illinois
$425K +$152K +1,205 +50%
1
2 3 4

FAS Hedge Fund Activity: Q1 2022 in Review

76 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2022, worth a combined $55.9M — down 36% from $88M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of FAS and 17 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 15 added.

The largest buyer was Jane Street, adding an estimated $4.7M. The largest seller was Wolverine Trading, exiting entirely with an estimated $11.3M sold.

  • 76 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2022, down from 79 in Q4 2021.
  • Funds reported $55.9M of Direxion Daily Financial Bull 3x ETF stock for Q1 2022, down 36% quarter-over-quarter.
  • 17 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2022 and 20 closed out, a net change of -3 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2022 was Jane Street, an estimated $4.7M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2022 was Wolverine Trading, an estimated $11.3M sold.

Based on aggregated 13F filings for Q1 2022.