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Direxion Daily Financial Bull 3x ETF
FAS

69 hedge funds and large institutions have $66.8M invested in Direxion Daily Financial Bull 3x ETF in 2023 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

115% more capital invested

Capital invested by funds: $31.1M → $66.8M (+$35.8M)

90% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 10

90% more call options, than puts

Call options by funds: $125M | Put options by funds: $66M

13% more funds holding

Funds holding: 61 → 69 (+8)

1.28% more ownership

Funds ownership: 1.95% → 3.24% (+1.3%)

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

Holders
69
Holders Change
+8
Holders Change %
+13.11%
% of All Funds
1.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
12
Reduced
13
Closed
10
Calls
$125M
Puts
$66M
Net Calls
+$59.4M
Net Calls Change
+$52.2M

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$5.03M
2
Jane Street
Jane Street
New York
+$4.08M
3
GS
GTS Securities
New York
+$3.92M
4
Morgan Stanley
Morgan Stanley
New York
+$3.18M
5
Citadel Advisors
Citadel Advisors
Florida
+$2.5M

Top Sellers

1
TFA
Toth Financial Advisory
Virginia
-$1.77M
2
DS
DRW Securities
Illinois
-$1.01M
3
CF
Cantor Fitzgerald
New York
-$847K
4
Simplex Trading
Simplex Trading
Illinois
-$565K
5
EWA
Exencial Wealth Advisors
Oklahoma
-$475K
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
51
Hoey Investments
Pennsylvania
$41.3K – – –
BCV
52
Banque Cantonale Vaudoise
Switzerland
$41K – – –
AA
53
AlphaMark Advisors
Kentucky
$29K +$23.3K +355 New
GI
54
Gradient Investments
Minnesota
$21.2K – – –
BTI
55
Blue Trust Inc
Georgia
$19K – – –
SWM
56
Sugarloaf Wealth Management
Georgia
$14.3K +$66 +1 +0.6%
BCMLT
57
Beacon Capital Management LLC (Tennessee)
Tennessee
$11.3K – – –
Osaic Holdings
58
Osaic Holdings
Arizona
$11.1K – – –
ASN
59
Advisory Services Network
Georgia
$11K +$8.73K +133 New
Barclays
60
Barclays
United Kingdom
$7.93K -$6.3K -96 -50%
HCM
61
Highlander Capital Management
New Jersey
$6.61K – – –
KFS
62
Kelly Financial Services
Massachusetts
$6.32K – – –
SWM
63
Spire Wealth Management
Virginia
$4.23K – – –
TRCT
64
Tower Research Capital (TRC)
New York
$2.56K +$853 +13 +72%
NSIM
65
North Star Investment Management
Illinois
$992 – – –
CAS
66
Coppell Advisory Solutions
Texas
$826 -$722 -11 -52%
Wells Fargo
67
Wells Fargo
California
$88 – – –
Zurich Cantonal Bank
68
Zurich Cantonal Bank
Switzerland
$83 -$11.9K -182 -99%
FFA
69
Farther Finance Advisors
California
$83 – – –
HNB
70
Huntington National Bank
Ohio
$83 – – –
DS
71
DRW Securities
Illinois
– -$1.01M -17,243 Closed
CF
72
Cantor Fitzgerald
New York
– -$847K -14,416 Closed
EWA
73
Exencial Wealth Advisors
Oklahoma
– -$475K -8,081 Closed
Bank of America
74
Bank of America
North Carolina
– -$381K -6,485 Closed
Millennium Management
75
Millennium Management
New York
– -$352K -5,990 Closed
1 2
3
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FAS Hedge Fund Activity: Q4 2023 in Review

69 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2023, worth a combined $66.8M — up 115% from $31.1M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FAS positions and 10 closed out — a net gain of 9 holders — while 12 added to existing stakes and 13 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $5.03M. The largest seller was Toth Financial Advisory, cutting an estimated $1.77M.

  • 69 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2023, up from 61 in Q3 2023.
  • Funds reported $66.8M of Direxion Daily Financial Bull 3x ETF stock for Q4 2023, up 115% quarter-over-quarter.
  • 19 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2023 and 10 closed out, a net change of +9 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2023 was Susquehanna International Group, an estimated $5.03M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2023 was Toth Financial Advisory, an estimated $1.77M sold.

Based on aggregated 13F filings for Q4 2023.