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Direxion Daily Financial Bull 3x ETF
FAS

67 hedge funds and large institutions have $53.8M invested in Direxion Daily Financial Bull 3x ETF in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more call options, than puts

Call options by funds: $77.5M | Put options by funds: $66.6M

6% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 16

0% more funds holding

Funds holding: 67 → 67 (0)

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

1.8% less ownership

Funds ownership: 4.8% → 3% (-1.8%)

36% less capital invested

Capital invested by funds: $83.6M → $53.8M (-$29.8M)

Holders
67
Holders Change
–
Holders Change %
0%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
17
Reduced
16
Closed
13
Calls
$77.5M
Puts
$66.6M
Net Calls
+$10.9M
Net Calls Change
+$7.13M

Top Buyers

1
CS
Credit Suisse
Switzerland
+$1.08M
2
Wolverine Trading
Wolverine Trading
Illinois
+$959K
3
TFA
Toth Financial Advisory
Virginia
+$912K
4
TCM
Traynor Capital Management
Pennsylvania
+$764K
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$531K

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$12.4M
2
HF
HRT Financial
New York
-$11.9M
3
Jane Street
Jane Street
New York
-$8.94M
4
Squarepoint
Squarepoint
New York
-$5.92M
5
Citadel Advisors
Citadel Advisors
Florida
-$2.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
26
Hoey Investments
Pennsylvania
$334K +$5.9K +100 +2%
JP Morgan Chase
27
JP Morgan Chase
New York
$321K +$298K +5,052 New
LPL Financial
28
LPL Financial
California
$320K – – –
RC
29
Rovin Capital
Arizona
$317K +$65.5K +1,111 +29%
Jane Street
30
Jane Street
New York
$316K -$8.94M -151,471 -97%
CG
31
Cutler Group
California
$289K -$70.5K -1,195 -21%
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$286K +$55.9K +948 +27%
AWM
33
Apollon Wealth Management
South Carolina
$282K +$1.48K +25 +0.6%
SG Americas Securities
34
SG Americas Securities
New York
$264K +$245K +4,147 New
RPCONE
35
Retirement Planning Company of New England
Rhode Island
$235K +$6.78K +115 +3%
HWM
36
Horizon Wealth Management
Illinois
$230K – – –
IWC
37
Integrated Wealth Concepts
Massachusetts
$217K +$201K +3,413 New
VCM
38
Viewpoint Capital Management
Washington
$203K +$189K +3,200 New
Citigroup
39
Citigroup
New York
$134K – – –
LC
40
Lindbrook Capital
California
$76.3K -$59K -1,000 -45%
JWA
41
JFS Wealth Advisors
Pennsylvania
$73.5K – – –
HCM
42
Highlander Capital Management
New Jersey
$64K – – –
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$56.5K +$52.4K +888 New
S
44
SignatureFD
Georgia
$51.4K +$59 +1 +0.1%
MFT
45
Moisand Fitzgerald Tamayo
Florida
$50.9K – – –
LFG
46
Larson Financial Group
Missouri
$50.2K – – –
C
47
Covestor
United Kingdom
$43K -$19.7K -334 -33%
BCV
48
Banque Cantonale Vaudoise
Switzerland
$32K – – –
BTI
49
Blue Trust Inc
Georgia
$18K – – –
GI
50
Gradient Investments
Minnesota
$16.3K – – –
1
2
3 4

FAS Hedge Fund Activity: Q2 2023 in Review

67 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2023, worth a combined $53.8M — down 36% from $83.6M a quarter earlier.

Fund positioning in FAS was balanced in Q2 2023: 13 funds opened new positions, 13 closed out, 17 added to existing stakes and 16 trimmed.

The largest buyer was Credit Suisse, adding an estimated $1.08M. The largest seller was Susquehanna International Group, cutting an estimated $12.4M.

  • 67 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2023, unchanged from Q1 2023.
  • Funds reported $53.8M of Direxion Daily Financial Bull 3x ETF stock for Q2 2023, down 36% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2023 and 13 closed out, a net change of 0 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2023 was Credit Suisse, an estimated $1.08M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2023 was Susquehanna International Group, an estimated $12.4M sold.

Based on aggregated 13F filings for Q2 2023.