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Direxion Daily Financial Bull 3x ETF
FAS

67 hedge funds and large institutions have $53.8M invested in Direxion Daily Financial Bull 3x ETF in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more call options, than puts

Call options by funds: $77.5M | Put options by funds: $66.6M

6% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 16

0% more funds holding

Funds holding: 67 → 67 (0)

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

1.8% less ownership

Funds ownership: 4.8% → 3% (-1.8%)

36% less capital invested

Capital invested by funds: $83.6M → $53.8M (-$29.8M)

Holders
67
Holders Change
–
Holders Change %
0%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
17
Reduced
16
Closed
13
Calls
$77.5M
Puts
$66.6M
Net Calls
+$10.9M
Net Calls Change
+$7.13M

Top Buyers

1
CS
Credit Suisse
Switzerland
+$1.08M
2
Wolverine Trading
Wolverine Trading
Illinois
+$959K
3
TFA
Toth Financial Advisory
Virginia
+$912K
4
TCM
Traynor Capital Management
Pennsylvania
+$764K
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$531K

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$12.4M
2
HF
HRT Financial
New York
-$11.9M
3
Jane Street
Jane Street
New York
-$8.94M
4
Squarepoint
Squarepoint
New York
-$5.92M
5
Citadel Advisors
Citadel Advisors
Florida
-$2.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCMLT
51
Beacon Capital Management LLC (Tennessee)
Tennessee
$12.2K – – –
Zurich Cantonal Bank
52
Zurich Cantonal Bank
Switzerland
$11.3K +$177 +3 +2%
SWM
53
Sugarloaf Wealth Management
Georgia
$10.9K +$118 +2 +1%
TRCT
54
Tower Research Capital (TRC)
New York
$10.4K -$9.73K -165 -50%
FDCDDQ
55
Federation des caisses Desjardins du Quebec
Quebec, Canada
$7.95K – – –
Barclays
56
Barclays
United Kingdom
$6.1K – – –
Royal Bank of Canada
57
Royal Bank of Canada
Ontario, Canada
$6K – – –
KFS
58
Kelly Financial Services
Massachusetts
$4.82K +$59 +1 +1%
SWM
59
Spire Wealth Management
Virginia
$3.21K +$3.01K +51 New
Qube Research & Technologies (QRT)
60
Qube Research & Technologies (QRT)
United Kingdom
$2.73K -$175K -2,964 -98%
Osaic Holdings
61
Osaic Holdings
Arizona
$2.16K – – –
IA
62
IFP Advisors
Florida
$954 – – –
NSIM
63
North Star Investment Management
Illinois
$763 +$708 +12 New
CAS
64
Coppell Advisory Solutions
Texas
$624 +$590 +10 New
HI
65
Harbour Investments
Wisconsin
$318 +$295 +5 New
FFA
66
Farther Finance Advisors
California
$64 – – –
HNB
67
Huntington National Bank
Ohio
$64 – – –
Wells Fargo
68
Wells Fargo
California
$49 +$59 +1 New
HF
69
HRT Financial
New York
– -$11.9M -205,592 Closed
UBS Group
70
UBS Group
Switzerland
– -$488K -8,457 Closed
VF
71
Virtu Financial
New York
– -$357K -6,183 Closed
BCM
72
Brookstone Capital Management
Illinois
– -$321K -5,050 Closed
1WA
73
180 Wealth Advisors
Washington
– -$288K -5,000 Closed
EWM
74
Empirical Wealth Management
Washington
– -$224K -3,888 Closed
TSS
75
Two Sigma Securities
New York
– -$211K -3,665 Closed
1 2
3
4

FAS Hedge Fund Activity: Q2 2023 in Review

67 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2023, worth a combined $53.8M — down 36% from $83.6M a quarter earlier.

Fund positioning in FAS was balanced in Q2 2023: 13 funds opened new positions, 13 closed out, 17 added to existing stakes and 16 trimmed.

The largest buyer was Credit Suisse, adding an estimated $1.08M. The largest seller was Susquehanna International Group, cutting an estimated $12.4M.

  • 67 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2023, unchanged from Q1 2023.
  • Funds reported $53.8M of Direxion Daily Financial Bull 3x ETF stock for Q2 2023, down 36% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2023 and 13 closed out, a net change of 0 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2023 was Credit Suisse, an estimated $1.08M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2023 was Susquehanna International Group, an estimated $12.4M sold.

Based on aggregated 13F filings for Q2 2023.