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Direxion Daily Financial Bull 3x ETF
FAS

61 hedge funds and large institutions have $31.1M invested in Direxion Daily Financial Bull 3x ETF in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more call options, than puts

Call options by funds: $73M | Put options by funds: $65.8M

1.05% less ownership

Funds ownership: 3% → 1.95% (-1%)

9% less funds holding

Funds holding: 67 → 61 (-6)

42% less capital invested

Capital invested by funds: $53.8M → $31.1M (-$22.7M)

48% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 21

55% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 11

Holders
61
Holders Change
-6
Holders Change %
-8.96%
% of All Funds
0.97%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
11
Reduced
21
Closed
11
Calls
$73M
Puts
$65.8M
Net Calls
+$7.19M
Net Calls Change
-$3.7M

Top Buyers

1
PFO
Pathstone Family Office
New Jersey
+$1.4M
2
DS
DRW Securities
Illinois
+$1.15M
3
Millennium Management
Millennium Management
New York
+$400K
4
Morgan Stanley
Morgan Stanley
New York
+$112K
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$74.9K

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$8.7M
2
SCA
Snowden Capital Advisors
New York
-$5.63M
3
Simplex Trading
Simplex Trading
Illinois
-$1.57M
4
CS
Credit Suisse
Switzerland
-$1.38M
5
Wolverine Trading
Wolverine Trading
Illinois
-$1.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
RC
26
Rovin Capital
Arizona
$293K -$401 -6 -0.1%
Janney Montgomery Scott
27
Janney Montgomery Scott
Pennsylvania
$264K – – –
JP Morgan Chase
28
JP Morgan Chase
New York
$252K -$50.7K -759 -15%
HWM
29
Horizon Wealth Management
Illinois
$212K – – –
IWC
30
Integrated Wealth Concepts
Massachusetts
$201K – – –
Citigroup
31
Citigroup
New York
$123K – – –
CG
32
Cutler Group
California
$102K -$187K -2,798 -61%
Qube Research & Technologies (QRT)
33
Qube Research & Technologies (QRT)
United Kingdom
$69.2K +$74.9K +1,121 +1,967%
JWA
34
JFS Wealth Advisors
Pennsylvania
$67.9K – – –
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$52.2K – – –
S
36
SignatureFD
Georgia
$47.5K +$67 +1 +0.1%
MFT
37
Moisand Fitzgerald Tamayo
Florida
$47K – – –
LFG
38
Larson Financial Group
Missouri
$46.4K – – –
C
39
Covestor
United Kingdom
$34K -$6.61K -99 -15%
HI
40
Hoey Investments
Pennsylvania
$29.4K -$317K -4,750 -90%
BCV
41
Banque Cantonale Vaudoise
Switzerland
$29K – – –
BTI
42
Blue Trust Inc
Georgia
$20K – – –
GI
43
Gradient Investments
Minnesota
$15.1K – – –
BCMLT
44
Beacon Capital Management LLC (Tennessee)
Tennessee
$12.2K – – –
Barclays
45
Barclays
United Kingdom
$11.3K +$6.41K +96 +100%
Zurich Cantonal Bank
46
Zurich Cantonal Bank
Switzerland
$11K – – –
SWM
47
Sugarloaf Wealth Management
Georgia
$10.1K +$67 +1 +0.6%
Osaic Holdings
48
Osaic Holdings
Arizona
$7.88K +$6.68K +100 +294%
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$7.16K +$7.01K +105 New
SIS
50
Strategic Investment Solutions
Illinois
$6.48K +$6.68K +100 New
1
2
3

FAS Hedge Fund Activity: Q3 2023 in Review

61 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2023, worth a combined $31.1M — down 42% from $53.8M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of FAS and 5 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 11 added.

The largest buyer was Pathstone Family Office, opening a new position worth an estimated $1.4M. The largest seller was Citadel Advisors, cutting an estimated $8.7M.

  • 61 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2023, down from 67 in Q2 2023.
  • Funds reported $31.1M of Direxion Daily Financial Bull 3x ETF stock for Q3 2023, down 42% quarter-over-quarter.
  • 5 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2023 and 11 closed out, a net change of -6 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2023 was Pathstone Family Office, an estimated $1.4M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2023 was Citadel Advisors, an estimated $8.7M sold.

Based on aggregated 13F filings for Q3 2023.