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Direxion Daily Financial Bull 3x ETF
FAS

72 hedge funds and large institutions have $55.2M invested in Direxion Daily Financial Bull 3x ETF in 2022 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

257% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 7

53% more capital invested

Capital invested by funds: $36M → $55.2M (+$19.2M)

46% more call options, than puts

Call options by funds: $89.5M | Put options by funds: $61.4M

31% more funds holding

Funds holding: 55 → 72 (+17)

0.68% more ownership

Funds ownership: 2.48% → 3.16% (+0.68%)

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

Holders
72
Holders Change
+17
Holders Change %
+30.91%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
25
Increased
11
Reduced
14
Closed
7
Calls
$89.5M
Puts
$61.4M
Net Calls
+$28.1M
Net Calls Change
+$71K

Top Buyers

1
HCM
Hodges Capital Management
Texas
+$4.36M
2
SCA
Snowden Capital Advisors
New York
+$3.63M
3
TRCT
Tower Research Capital (TRC)
New York
+$3.02M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.51M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$1.45M

Top Sellers

1
CS
Credit Suisse
Switzerland
-$4.46M
2
Jane Street
Jane Street
New York
-$2.8M
3
Bank of America
Bank of America
North Carolina
-$1.5M
4
AWM
Apollon Wealth Management
South Carolina
-$1.09M
5
SAM
SP Asset Management
California
-$572K
Name Holding Trade Value Shares
Change 		Change in
Stake
GI
51
Gradient Investments
Minnesota
$18.9K – – –
PNC Financial Services Group
52
PNC Financial Services Group
Pennsylvania
$18.2K – – –
BTI
53
Blue Trust Inc
Georgia
$17K – – –
BCMLT
54
Beacon Capital Management LLC (Tennessee)
Tennessee
$14.1K – – –
Zurich Cantonal Bank
55
Zurich Cantonal Bank
Switzerland
$13.4K – – –
SWM
56
Sugarloaf Wealth Management
Georgia
$12.4K – – –
AWM
57
Activest Wealth Management
Florida
$11.1K – – –
FDCDDQ
58
Federation des caisses Desjardins du Quebec
Quebec, Canada
$9.19K – – –
ASN
59
Advisory Services Network
Georgia
$9.03K +$8.94K +123 New
MCC
60
Money Concepts Capital
Florida
$7.44K +$7.34K +101 New
Barclays
61
Barclays
United Kingdom
$7.06K – – –
Royal Bank of Canada
62
Royal Bank of Canada
Ontario, Canada
$7K – – –
Qube Research & Technologies (QRT)
63
Qube Research & Technologies (QRT)
United Kingdom
$5.66K -$382K -5,261 -99%
KFS
64
Kelly Financial Services
Massachusetts
$5.49K +$73 +1 +1%
CIBC Private Wealth Group
65
CIBC Private Wealth Group
Georgia
$2.71K – – –
Osaic Holdings
66
Osaic Holdings
Arizona
$2.5K -$91.9K -1,264 -97%
Bank of America
67
Bank of America
North Carolina
$2.35K -$1.5M -20,583 -100%
CAS
68
Coppell Advisory Solutions
Texas
$1.54K +$1.53K +21 New
CASC
69
Coppell Advisory Solutions Corp
Texas
$1.54K +$1.53K +21 New
NSIM
70
North Star Investment Management
Illinois
$883 – – –
NA
71
NewEdge Advisors
Louisiana
$736 +$727 +10 New
HNB
72
Huntington National Bank
Ohio
$74 – – –
FFA
73
Farther Finance Advisors
California
$74 +$73 +1 New
SAM
74
SP Asset Management
California
– -$572K -10,557 Closed
Simplex Trading
75
Simplex Trading
Illinois
– -$467K -8,619 Closed
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FAS Hedge Fund Activity: Q4 2022 in Review

72 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2022, worth a combined $55.2M — up 53% from $36M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new FAS positions and 7 closed out — a net gain of 18 holders — while 11 added to existing stakes and 14 trimmed.

The largest buyer was Hodges Capital Management, opening a new position worth an estimated $4.36M. The largest seller was Credit Suisse, cutting an estimated $4.46M.

  • 72 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2022, up from 55 in Q3 2022.
  • Funds reported $55.2M of Direxion Daily Financial Bull 3x ETF stock for Q4 2022, up 53% quarter-over-quarter.
  • 25 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2022 and 7 closed out, a net change of +18 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2022 was Hodges Capital Management, an estimated $4.36M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2022 was Credit Suisse, an estimated $4.46M sold.

Based on aggregated 13F filings for Q4 2022.