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Direxion Daily Financial Bull 3x ETF
FAS

67 hedge funds and large institutions have $83.6M invested in Direxion Daily Financial Bull 3x ETF in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 12 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 12

51% more capital invested

Capital invested by funds: $55.2M → $83.6M (+$28.4M)

1.63% more ownership

Funds ownership: 3.16% → 4.8% (+1.6%)

4% more call options, than puts

Call options by funds: $90.4M | Put options by funds: $86.6M

7% less funds holding

Funds holding: 72 → 67 (-5)

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

Holders
67
Holders Change
-5
Holders Change %
-6.94%
% of All Funds
1.07%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
25
Reduced
12
Closed
14
Calls
$90.4M
Puts
$86.6M
Net Calls
+$3.77M
Net Calls Change
-$24.3M

Top Buyers

1
HF
HRT Financial
New York
+$12M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$11.6M
3
Jane Street
Jane Street
New York
+$10.4M
4
Citadel Advisors
Citadel Advisors
Florida
+$9.16M
5
Squarepoint
Squarepoint
New York
+$8.51M

Top Sellers

1
HCM
Hodges Capital Management
Texas
-$4.41M
2
TRCT
Tower Research Capital (TRC)
New York
-$3.14M
3
CS
Credit Suisse
Switzerland
-$1.83M
4
VF
Virtu Financial
New York
-$1.34M
5
Goldman Sachs
Goldman Sachs
New York
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
51
Tower Research Capital (TRC)
New York
$19K -$3.14M -41,239 -99%
PH
52
Pinnacle Holdings
Oklahoma
$17.4K +$23K +302 New
GI
53
Gradient Investments
Minnesota
$14.8K – – –
PNC Financial Services Group
54
PNC Financial Services Group
Pennsylvania
$14.3K – – –
BCMLT
55
Beacon Capital Management LLC (Tennessee)
Tennessee
$11.1K – – –
Zurich Cantonal Bank
56
Zurich Cantonal Bank
Switzerland
$10.1K – – –
SWM
57
Sugarloaf Wealth Management
Georgia
$9.78K – – –
FDCDDQ
58
Federation des caisses Desjardins du Quebec
Quebec, Canada
$7.21K – – –
Royal Bank of Canada
59
Royal Bank of Canada
Ontario, Canada
$6K – – –
Barclays
60
Barclays
United Kingdom
$5.54K – – –
KFS
61
Kelly Financial Services
Massachusetts
$4.32K – – –
ST
62
Sageworth Trust
Pennsylvania
$2.83K +$3.73K +49 New
Osaic Holdings
63
Osaic Holdings
Arizona
$1.96K – – –
ASN
64
Advisory Services Network
Georgia
$1.28K -$7.68K -101 -82%
IA
65
IFP Advisors
Florida
$502 -$133K -1,753 -99%
FFA
66
Farther Finance Advisors
California
$58 – – –
HNB
67
Huntington National Bank
Ohio
$58 – – –
Fidelity Investments
68
Fidelity Investments
Massachusetts
$58 +$76 +1 New
Wells Fargo
69
Wells Fargo
California
$27 – – –
HCM
70
Hodges Capital Management
Texas
– -$4.41M -60,000 Closed
Goldman Sachs
71
Goldman Sachs
New York
– -$1.27M -17,265 Closed
UCFA
72
United Capital Financial Advisors
Texas
– -$266K -3,620 Closed
SWA
73
Stratos Wealth Advisors
Ohio
– -$259K -3,522 Closed
BZWA
74
Blue Zone Wealth Advisors
California
– -$208K -2,834 Closed
Northern Trust
75
Northern Trust
Illinois
– -$202K -2,750 Closed
1 2
3
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FAS Hedge Fund Activity: Q1 2023 in Review

67 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2023, worth a combined $83.6M — up 51% from $55.2M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of FAS and 9 opened new positions — a net loss of 5 holders — while 12 trimmed existing stakes and 25 added.

The largest buyer was HRT Financial, adding an estimated $12M. The largest seller was Hodges Capital Management, exiting entirely with an estimated $4.41M sold.

  • 67 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2023, down from 72 in Q4 2022.
  • Funds reported $83.6M of Direxion Daily Financial Bull 3x ETF stock for Q1 2023, up 51% quarter-over-quarter.
  • 9 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2023 and 14 closed out, a net change of -5 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2023 was HRT Financial, an estimated $12M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2023 was Hodges Capital Management, an estimated $4.41M sold.

Based on aggregated 13F filings for Q1 2023.