We are live on ! Find out more
FAS icon

Direxion Daily Financial Bull 3x ETF
FAS

66 hedge funds and large institutions have $162M invested in Direxion Daily Financial Bull 3x ETF in 2024 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more call options, than puts

Call options by funds: $148M | Put options by funds: $76.2M

78% more capital invested

Capital invested by funds: $90.7M → $162M (+$71.1M)

33% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 9

4.18% more ownership

Funds ownership: 3.61% → 7.79% (+4.2%)

4% less funds holding

Funds holding: 69 → 66 (-3)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

Holders
66
Holders Change
-3
Holders Change %
-4.35%
% of All Funds
0.95%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
12
Reduced
9
Closed
15
Calls
$148M
Puts
$76.2M
Net Calls
+$71.9M
Net Calls Change
-$8.84M

Top Buyers

1
Jane Street
Jane Street
New York
+$72.7M
2
SFC
Strategic Financial Concepts
Texas
+$4.46M
3
EWM
Elevatus Welath Management
New York
+$3.64M
4
GS
GTS Securities
New York
+$3.38M
5
IMC Chicago
IMC Chicago
Illinois
+$2.98M

Top Sellers

1
HF
HRT Financial
New York
-$2.42M
2
DSCM
Del-Sette Capital Management
New York
-$2.11M
3
Citadel Advisors
Citadel Advisors
Florida
-$2.05M
4
TRCT
Tower Research Capital (TRC)
New York
-$1.76M
5
Squarepoint
Squarepoint
New York
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$454K – – –
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$415K +$236K +2,298 +127%
CAPTRUST Financial Advisors
28
CAPTRUST Financial Advisors
North Carolina
$413K – – –
CCG
29
Capital CS Group
California
$374K +$381K +3,707 New
HWM
30
Horizon Wealth Management
Illinois
$365K – – –
IWC
31
Integrated Wealth Concepts
Massachusetts
$345K – – –
VCM
32
Viewpoint Capital Management
Washington
$323K – – –
CPIG
33
Chicago Partners Investment Group
Illinois
$284K +$242K +2,360 New
Northern Trust
34
Northern Trust
Illinois
$278K – – –
DI
35
Diligent Investors
California
$273K – – –
Qube Research & Technologies (QRT)
36
Qube Research & Technologies (QRT)
United Kingdom
$257K +$147K +1,434 +129%
BFA
37
Bragg Financial Advisors
North Carolina
$252K +$257K +2,500 New
RPCONE
38
Retirement Planning Company of New England
Rhode Island
$249K -$51.4K -500 -17%
GAM
39
Grandview Asset Management
Pennsylvania
$242K – – –
ISWM
40
Independent Solutions Wealth Management
New York
$237K – – –
ML
41
McAdam LLC
Pennsylvania
$236K -$61.2K -596 -20%
PWP
42
Perfromance Wealth Partners
Illinois
$227K – – –
Citigroup
43
Citigroup
New York
$212K – – –
JWA
44
JFS Wealth Advisors
Pennsylvania
$117K – – –
C
45
Covestor
United Kingdom
$90K -$12.7K -124 -12%
S
46
SignatureFD
Georgia
$81.8K – – –
MFT
47
Moisand Fitzgerald Tamayo
Florida
$80.8K – – –
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
$67.5K – – –
HI
49
Hoey Investments
Pennsylvania
$50.5K – – –
BCV
50
Banque Cantonale Vaudoise
Switzerland
$50K – – –
1
2
3 4

FAS Hedge Fund Activity: Q2 2024 in Review

66 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2024, worth a combined $162M — up 78% from $90.7M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FAS and 13 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 12 added.

The largest buyer was Jane Street, adding an estimated $72.7M. The largest seller was HRT Financial, exiting entirely with an estimated $2.42M sold.

  • 66 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2024, down from 69 in Q1 2024.
  • Funds reported $162M of Direxion Daily Financial Bull 3x ETF stock for Q2 2024, up 78% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2024 and 15 closed out, a net change of -2 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2024 was Jane Street, an estimated $72.7M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2024 was HRT Financial, an estimated $2.42M sold.

Based on aggregated 13F filings for Q2 2024.