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Direxion Daily Financial Bull 3x ETF
FAS

67 hedge funds and large institutions have $83.6M invested in Direxion Daily Financial Bull 3x ETF in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 12 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 12

51% more capital invested

Capital invested by funds: $55.2M → $83.6M (+$28.4M)

1.63% more ownership

Funds ownership: 3.16% → 4.8% (+1.6%)

4% more call options, than puts

Call options by funds: $90.4M | Put options by funds: $86.6M

7% less funds holding

Funds holding: 72 → 67 (-5)

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

Holders
67
Holders Change
-5
Holders Change %
-6.94%
% of All Funds
1.07%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
25
Reduced
12
Closed
14
Calls
$90.4M
Puts
$86.6M
Net Calls
+$3.77M
Net Calls Change
-$24.3M

Top Buyers

Rank Fund Capital Flow
1
HF
HRT Financial
New York
+$12M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$11.6M
3
Jane Street
Jane Street
New York
+$10.4M
4
Citadel Advisors
Citadel Advisors
Florida
+$9.16M
5
Squarepoint
Squarepoint
New York
+$8.51M

Top Sellers

Rank Fund Capital Flow
1
HCM
Hodges Capital Management
Texas
-$4.41M
2
TRCT
Tower Research Capital (TRC)
New York
-$3.14M
3
CS
Credit Suisse
Switzerland
-$1.83M
4
VF
Virtu Financial
New York
-$1.34M
5
Goldman Sachs
Goldman Sachs
New York
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
CG
26
Cutler Group
California
$331K -$960K -12,626 -69%
BCM
27
Brookstone Capital Management
Illinois
$321K – – –
HI
28
Hoey Investments
Pennsylvania
$297K +$354K +4,650 +930%
LPL Financial
29
LPL Financial
California
$291K -$18.3K -241 -5%
1WA
30
180 Wealth Advisors
Washington
$288K +$380K +5,000 New
AWM
31
Apollon Wealth Management
South Carolina
$254K +$532 +7 +0.2%
EWM
32
Empirical Wealth Management
Washington
$224K +$296K +3,888 New
RC
33
Rovin Capital
Arizona
$223K +$6.61K +87 +2%
TSS
34
Two Sigma Securities
New York
$211K -$362K -4,764 -57%
HWM
35
Horizon Wealth Management
Illinois
$208K – – –
RPCONE
36
Retirement Planning Company of New England
Rhode Island
$206K +$31.2K +410 +13%
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$204K – – –
Qube Research & Technologies (QRT)
38
Qube Research & Technologies (QRT)
United Kingdom
$174K +$224K +2,944 +3,823%
LC
39
Lindbrook Capital
California
$127K +$106K +1,400 +175%
Citigroup
40
Citigroup
New York
$121K +$15.2K +200 +11%
CTC
41
Central Trust Company
Missouri
$73.9K +$32.7K +430 +50%
JWA
42
JFS Wealth Advisors
Pennsylvania
$66.7K – – –
HT
43
Headlands Technologies
Illinois
$59.2K +$152 +2 +0.2%
C
44
Covestor
United Kingdom
$58K -$224K -2,940 -75%
HCM
45
Highlander Capital Management
New Jersey
$58K +$76K +1,000 New
S
46
SignatureFD
Georgia
$46.5K -$15.8K -208 -20%
MFT
47
Moisand Fitzgerald Tamayo
Florida
$46.1K – – –
LFG
48
Larson Financial Group
Missouri
$45.6K +$10.8K +142 +22%
BCV
49
Banque Cantonale Vaudoise
Switzerland
$29K – – –
BTI
50
Blue Trust Inc
Georgia
$24K – – –
1
2
3 4

FAS Hedge Fund Activity: Q1 2023 in Review

67 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2023, worth a combined $83.6M — up 51% from $55.2M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of FAS and 9 opened new positions — a net loss of 5 holders — while 12 trimmed existing stakes and 25 added.

The largest buyer was HRT Financial, adding an estimated $12M. The largest seller was Hodges Capital Management, exiting entirely with an estimated $4.41M sold.

  • 67 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2023, down from 72 in Q4 2022.
  • Funds reported $83.6M of Direxion Daily Financial Bull 3x ETF stock for Q1 2023, up 51% quarter-over-quarter.
  • 9 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2023 and 14 closed out, a net change of -5 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2023 was HRT Financial, an estimated $12M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2023 was Hodges Capital Management, an estimated $4.41M sold.

Based on aggregated 13F filings for Q1 2023.