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Direxion Daily Financial Bull 3x ETF
FAS

77 hedge funds and large institutions have $102M invested in Direxion Daily Financial Bull 3x ETF in 2024 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

206% more call options, than puts

Call options by funds: $311M | Put options by funds: $102M

79% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 14

17% more funds holding

Funds holding: 66 → 77 (+11)

3.63% less ownership

Funds ownership: 7.79% → 4.16% (-3.6%)

29% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 17

37% less capital invested

Capital invested by funds: $162M → $102M (-$60M)

Holders
77
Holders Change
+11
Holders Change %
+16.67%
% of All Funds
1.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
25
Increased
12
Reduced
17
Closed
14
Calls
$311M
Puts
$102M
Net Calls
+$209M
Net Calls Change
+$138M

Top Buyers

1
GS
GTS Securities
New York
+$3.27M
2
Wolverine Trading
Wolverine Trading
Illinois
+$3.26M
3
HF
HRT Financial
New York
+$3.14M
4
Simplex Trading
Simplex Trading
Illinois
+$2.66M
5
Squarepoint
Squarepoint
New York
+$2.58M

Top Sellers

1
Jane Street
Jane Street
New York
-$89.8M
2
Citadel Advisors
Citadel Advisors
Florida
-$14M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$5.01M
4
EWM
Elevatus Welath Management
New York
-$3.58M
5
IMC Chicago
IMC Chicago
Illinois
-$1.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
Qube Research & Technologies (QRT)
26
Qube Research & Technologies (QRT)
United Kingdom
$514K +$167K +1,412 +55%
HWM
27
Horizon Wealth Management
Illinois
$469K – – –
CF
28
Cantor Fitzgerald
New York
$453K +$412K +3,493 New
EFA
29
Edge Financial Advisors
Illinois
$443K +$403K +3,416 New
IWC
30
Integrated Wealth Concepts
Massachusetts
$443K – – –
VCM
31
Viewpoint Capital Management
Washington
$411K – – –
Mariner
32
Mariner
Kansas
$374K +$340K +2,880 New
Northern Trust
33
Northern Trust
Illinois
$357K – – –
BFA
34
Bragg Financial Advisors
North Carolina
$324K – – –
GAM
35
Grandview Asset Management
Pennsylvania
$311K – – –
RPCONE
36
Retirement Planning Company of New England
Rhode Island
$306K -$13K -110 -4%
ISWM
37
Independent Solutions Wealth Management
New York
$304K – – –
PWP
38
Perfromance Wealth Partners
Illinois
$292K – – –
SA
39
Sanctuary Advisors
Indiana
$253K +$170K +1,440 New
JJBC
40
James J. Burns & Company
New York
$234K +$213K +1,806 New
MWM
41
Meridian Wealth Management
Kentucky
$226K +$205K +1,741 New
EIP
42
Ellis Investment Partners
Pennsylvania
$224K +$203K +1,722 New
Cerity Partners
43
Cerity Partners
New York
$221K +$201K +1,700 New
UBS Group
44
UBS Group
Switzerland
$218K +$198K +1,679 New
SWA
45
Stratos Wealth Advisors
Ohio
$210K +$191K +1,620 New
ML
46
McAdam LLC
Pennsylvania
$200K -$93.9K -796 -34%
OC
47
Oakworth Capital
Alabama
$197K +$179K +1,520 New
JP Morgan Chase
48
JP Morgan Chase
New York
$191K +$174K +1,475 New
JWA
49
JFS Wealth Advisors
Pennsylvania
$150K – – –
MFT
50
Moisand Fitzgerald Tamayo
Florida
$104K – – –
1
2
3 4

FAS Hedge Fund Activity: Q3 2024 in Review

77 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2024, worth a combined $102M — down 37% from $162M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new FAS positions and 14 closed out — a net gain of 11 holders — while 12 added to existing stakes and 17 trimmed.

The largest buyer was GTS Securities, adding an estimated $3.27M. The largest seller was Jane Street, cutting an estimated $89.8M.

  • 77 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2024, up from 66 in Q2 2024.
  • Funds reported $102M of Direxion Daily Financial Bull 3x ETF stock for Q3 2024, down 37% quarter-over-quarter.
  • 25 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2024 and 14 closed out, a net change of +11 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2024 was GTS Securities, an estimated $3.27M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2024 was Jane Street, an estimated $89.8M sold.

Based on aggregated 13F filings for Q3 2024.