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Direxion Daily Financial Bull 3x ETF
FAS

83 hedge funds and large institutions have $171M invested in Direxion Daily Financial Bull 3x ETF in 2025 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 17 increasing their positions, 23 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

198% more call options, than puts

Call options by funds: $498M | Put options by funds: $167M

50% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 12

8% more funds holding

Funds holding: 77 → 83 (+6)

1.24% more ownership

Funds ownership: 6.28% → 7.52% (+1.2%)

2% more capital invested

Capital invested by funds: $167M → $171M (+$3.22M)

26% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 23

Holders
83
Holders Change
+6
Holders Change %
+7.79%
% of All Funds
1.09%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
18
Increased
17
Reduced
23
Closed
12
Calls
$498M
Puts
$167M
Net Calls
+$331M
Net Calls Change
+$12.3M

Top Buyers

Rank Fund Capital Flow
1
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$29.4M
2
IMC Chicago
IMC Chicago
Illinois
+$7.4M
3
Jane Street
Jane Street
New York
+$4.72M
4
VF
Virtu Financial
New York
+$4.23M
5
Renaissance Technologies
Renaissance Technologies
New York
+$3.72M

Top Sellers

Rank Fund Capital Flow
1
GS
GTS Securities
New York
-$13.8M
2
Citadel Advisors
Citadel Advisors
Florida
-$12.9M
3
LPL Financial
LPL Financial
California
-$6.65M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$6.42M
5
Simplex Trading
Simplex Trading
Illinois
-$4.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
TSS
26
Two Sigma Securities
New York
$1.3M +$1.25M +7,302 New
PCMF
27
Private Capital Management (Florida)
Florida
$1.25M – – –
MSFP
28
Mark Sheptoff Financial Planning
Connecticut
$1.07M – – –
RC
29
Rovin Capital
Arizona
$1.06M -$21.1K -123 -2%
EFG
30
Ethos Financial Group
Pennsylvania
$964K -$29.2K -170 -3%
AF
31
Allworth Financial
California
$910K +$4.46K +26 +0.5%
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$742K – – –
CAPTRUST Financial Advisors
33
CAPTRUST Financial Advisors
North Carolina
$737K +$3.43K +20 +0.5%
SS
34
SBI Securities
Japan
$696K -$80.9K -472 -11%
JF
35
Jump Financial
Illinois
$657K -$807K -4,704 -56%
HWM
36
Horizon Wealth Management
Illinois
$643K – – –
Wolverine Trading
37
Wolverine Trading
Illinois
$642K +$610K +3,556 New
TRCT
38
Tower Research Capital (TRC)
New York
$591K -$1.24M -7,218 -68%
TFA
39
Toth Financial Advisory
Virginia
$588K – – –
EIP
40
Ellis Investment Partners
Pennsylvania
$550K +$60K +350 +13%
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$548K -$145K -844 -22%
FWCM
42
Ferguson Wellman Capital Management
Oregon
$518K +$499K +2,911 New
Northern Trust
43
Northern Trust
Illinois
$489K – – –
AIM
44
Acropolis Investment Management
Missouri
$430K +$437K +2,550 New
ISWM
45
Independent Solutions Wealth Management
New York
$417K – – –
Creative Planning
46
Creative Planning
Kansas
$397K +$383K +2,234 New
FTUS
47
Flow Traders U.S.
New York
$364K +$351K +2,045 New
TAM
48
Tocqueville Asset Management
New York
$360K – – –
Bank of America
49
Bank of America
North Carolina
$326K -$396K -2,307 -56%
RPCONE
50
Retirement Planning Company of New England
Rhode Island
$322K +$1.37K +8 +0.4%
1
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FAS Hedge Fund Activity: Q3 2025 in Review

83 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2025, worth a combined $171M — up 1.9% from $167M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new FAS positions and 12 closed out — a net gain of 6 holders — while 17 added to existing stakes and 23 trimmed.

The largest buyer was Qube Research & Technologies (QRT), adding an estimated $29.4M. The largest seller was GTS Securities, cutting an estimated $13.8M.

  • 83 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2025, up from 77 in Q2 2025.
  • Funds reported $171M of Direxion Daily Financial Bull 3x ETF stock for Q3 2025, up 1.9% quarter-over-quarter.
  • 18 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2025 and 12 closed out, a net change of +6 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2025 was Qube Research & Technologies (QRT), an estimated $29.4M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2025 was GTS Securities, an estimated $13.8M sold.

Based on aggregated 13F filings for Q3 2025.