Direxion Daily Financial Bull 3x ETF
80 hedge funds and large institutions have $106M invested in Direxion Daily Financial Bull 3x ETF in 2025 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 30 increasing their positions, 17 reducing their positions, and 11 closing their positions.
169% more call options, than puts
Call options by funds: $356M | Put options by funds: $132M
76% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 17
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
3.22% less ownership
Funds ownership: 7.52% → 4.3% (-3.2%)
4% less funds holding
Funds holding: 83 → 80 (-3)
38% less capital invested
Capital invested by funds: $171M → $106M (-$64.9M)
Top Buyers
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$12.5M |
| 2 |
Jane Street
New York
|
+$5.11M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
+$4.02M |
| 4 |
JF
Jump Financial
Chicago,
Illinois
|
+$2.59M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.39M |
Top Sellers
| 1 |
Citadel Advisors
Miami,
Florida
|
-$33.5M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$27.7M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
-$14M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
-$9.62M |
| 5 |
Morgan Stanley
New York
|
-$8.3M |
FAS Hedge Fund Activity: Q4 2025 in Review
80 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2025, worth a combined $106M — down 38% from $171M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FAS and 10 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 30 added.
The largest buyer was Susquehanna International Group, adding an estimated $12.5M. The largest seller was Citadel Advisors, exiting entirely with an estimated $33.5M sold.
- 80 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2025, down from 83 in Q3 2025.
- Funds reported $106M of Direxion Daily Financial Bull 3x ETF stock for Q4 2025, down 38% quarter-over-quarter.
- 10 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2025 and 11 closed out, a net change of -1 holder.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2025 was Susquehanna International Group, an estimated $12.5M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2025 was Citadel Advisors, an estimated $33.5M sold.
Based on aggregated 13F filings for Q4 2025.