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Direxion Daily Financial Bull 3x ETF
FAS

61 hedge funds and large institutions have $31.1M invested in Direxion Daily Financial Bull 3x ETF in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more call options, than puts

Call options by funds: $73M | Put options by funds: $65.8M

1.05% less ownership

Funds ownership: 3% → 1.95% (-1%)

9% less funds holding

Funds holding: 67 → 61 (-6)

42% less capital invested

Capital invested by funds: $53.8M → $31.1M (-$22.7M)

48% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 21

55% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 11

Holders
61
Holders Change
-6
Holders Change %
-8.96%
% of All Funds
0.97%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
11
Reduced
21
Closed
11
Calls
$73M
Puts
$65.8M
Net Calls
+$7.19M
Net Calls Change
-$3.7M

Top Buyers

1
PFO
Pathstone Family Office
New Jersey
+$1.4M
2
DS
DRW Securities
Illinois
+$1.15M
3
Millennium Management
Millennium Management
New York
+$400K
4
Morgan Stanley
Morgan Stanley
New York
+$112K
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$74.9K

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$8.7M
2
SCA
Snowden Capital Advisors
New York
-$5.63M
3
Simplex Trading
Simplex Trading
Illinois
-$1.57M
4
CS
Credit Suisse
Switzerland
-$1.38M
5
Wolverine Trading
Wolverine Trading
Illinois
-$1.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
51
Royal Bank of Canada
Ontario, Canada
$6K – – –
HCM
52
Highlander Capital Management
New Jersey
$5K -$61.4K -920 -92%
KFS
53
Kelly Financial Services
Massachusetts
$4.47K – – –
SWM
54
Spire Wealth Management
Virginia
$2.95K -$67 -1 -2%
CAS
55
Coppell Advisory Solutions
Texas
$1.54K +$734 +11 +110%
FDCDDQ
56
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.47K -$6.68K -100 -80%
TRCT
57
Tower Research Capital (TRC)
New York
$1.06K -$9.75K -146 -89%
NSIM
58
North Star Investment Management
Illinois
$705 – – –
HI
59
Harbour Investments
Wisconsin
$294 – – –
FFA
60
Farther Finance Advisors
California
$59 – – –
HNB
61
Huntington National Bank
Ohio
$59 – – –
Wells Fargo
62
Wells Fargo
California
$53 – – –
SCA
63
Snowden Capital Advisors
New York
– -$5.63M -88,500 Closed
Squarepoint
64
Squarepoint
New York
– -$743K -11,681 Closed
BNP Paribas Financial Markets
65
BNP Paribas Financial Markets
France
– -$431K -6,786 Closed
Goldman Sachs
66
Goldman Sachs
New York
– -$348K -5,476 Closed
Jane Street
67
Jane Street
New York
– -$316K -4,972 Closed
AWM
68
Apollon Wealth Management
South Carolina
– -$282K -4,436 Closed
SG Americas Securities
69
SG Americas Securities
New York
– -$264K -4,147 Closed
RPCONE
70
Retirement Planning Company of New England
Rhode Island
– -$235K -3,691 Closed
VCM
71
Viewpoint Capital Management
Washington
– -$203K -3,200 Closed
LC
72
Lindbrook Capital
California
– -$76.3K -1,200 Closed
IA
73
IFP Advisors
Florida
– -$954 -15 Closed
1 2
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FAS Hedge Fund Activity: Q3 2023 in Review

61 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2023, worth a combined $31.1M — down 42% from $53.8M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of FAS and 5 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 11 added.

The largest buyer was Pathstone Family Office, opening a new position worth an estimated $1.4M. The largest seller was Citadel Advisors, cutting an estimated $8.7M.

  • 61 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2023, down from 67 in Q2 2023.
  • Funds reported $31.1M of Direxion Daily Financial Bull 3x ETF stock for Q3 2023, down 42% quarter-over-quarter.
  • 5 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2023 and 11 closed out, a net change of -6 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2023 was Pathstone Family Office, an estimated $1.4M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2023 was Citadel Advisors, an estimated $8.7M sold.

Based on aggregated 13F filings for Q3 2023.