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Direxion Daily Financial Bull 3x ETF
FAS

78 hedge funds and large institutions have $145M invested in Direxion Daily Financial Bull 3x ETF in 2025 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

162% more call options, than puts

Call options by funds: $439M | Put options by funds: $168M

15% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 13

11% more capital invested

Capital invested by funds: $130M → $145M (+$14.3M)

0.69% more ownership

Funds ownership: 5.17% → 5.86% (+0.69%)

0% more funds holding

Funds holding: 78 → 78 (0)

10% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 21

Holders
78
Holders Change
–
Holders Change %
0%
% of All Funds
1.05%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
15
Increased
19
Reduced
21
Closed
13
Calls
$439M
Puts
$168M
Net Calls
+$272M
Net Calls Change
+$21.6M

Top Buyers

1
TCM
Thames Capital Management
New Jersey
+$16.8M
2
Citadel Advisors
Citadel Advisors
Florida
+$12.9M
3
Jane Street
Jane Street
New York
+$11.6M
4
LPL Financial
LPL Financial
California
+$6.65M
5
GS
GTS Securities
New York
+$2.32M

Top Sellers

1
Wolverine Trading
Wolverine Trading
Illinois
-$10.6M
2
Simplex Trading
Simplex Trading
Illinois
-$8.58M
3
Squarepoint
Squarepoint
New York
-$7.99M
4
Group One Trading
Group One Trading
Illinois
-$6M
5
TRCT
Tower Research Capital (TRC)
New York
-$4.62M
Name Holding Trade Value Shares
Change 		Change in
Stake
SBIA
26
Sheaff Brock Investment Advisors
Indiana
$802K – – –
SS
27
SBI Securities
Japan
$730K +$31K +188 +4%
Janney Montgomery Scott
28
Janney Montgomery Scott
Pennsylvania
$710K – – –
CAPTRUST Financial Advisors
29
CAPTRUST Financial Advisors
North Carolina
$650K -$165 -1 -0%
PF
30
Phoenix Financial
Israel
$648K +$677K +4,100 New
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$614K -$24.8K -150 -4%
HWM
32
Horizon Wealth Management
Illinois
$571K – – –
VCM
33
Viewpoint Capital Management
Washington
$506K – – –
IWC
34
Integrated Wealth Concepts
Massachusetts
$476K -$66K -400 -12%
TSMHT
35
Thurston Springer Miller Herd & Titak
Indiana
$452K +$466K +2,826 +9,420%
Northern Trust
36
Northern Trust
Illinois
$435K – – –
Bank of America
37
Bank of America
North Carolina
$398K -$556K -3,369 -57%
EIP
38
Ellis Investment Partners
Pennsylvania
$384K +$33K +200 +9%
IAS
39
Insigneo Advisory Services
Florida
$375K +$392K +2,374 New
ISWM
40
Independent Solutions Wealth Management
New York
$370K – – –
TAM
41
Tocqueville Asset Management
New York
$344K +$16.5K +100 +5%
XT
42
XTX Topco
Cayman Islands
$322K +$336K +2,036 New
CF
43
Cantor Fitzgerald
New York
$319K +$13.7K +83 +4%
UBS Group
44
UBS Group
Switzerland
$301K -$167K -1,010 -35%
JJBC
45
James J. Burns & Company
New York
$287K – – –
RPCONE
46
Retirement Planning Company of New England
Rhode Island
$284K -$83.3K -505 -22%
MWM
47
Meridian Wealth Management
Kentucky
$271K -$4.95K -30 -2%
SWA
48
Stratos Wealth Advisors
Ohio
$266K +$9.4K +57 +4%
SA
49
Sanctuary Advisors
Indiana
$244K +$16.5K +100 +7%
OC
50
Oakworth Capital
Alabama
$240K – – –
1
2
3 4

FAS Hedge Fund Activity: Q1 2025 in Review

78 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2025, worth a combined $145M — up 11% from $130M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FAS positions and 13 closed out — a net gain of 2 holders — while 19 added to existing stakes and 21 trimmed.

The largest buyer was Thames Capital Management, opening a new position worth an estimated $16.8M. The largest seller was Wolverine Trading, cutting an estimated $10.6M.

  • 78 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2025, unchanged from Q4 2024.
  • Funds reported $145M of Direxion Daily Financial Bull 3x ETF stock for Q1 2025, up 11% quarter-over-quarter.
  • 15 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2025 and 13 closed out, a net change of +2 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2025 was Thames Capital Management, an estimated $16.8M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2025 was Wolverine Trading, an estimated $10.6M sold.

Based on aggregated 13F filings for Q1 2025.