Direxion Daily Financial Bull 3x ETF
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.
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
Top Buyers
| 1 |
HF
HRT Financial
New York
|
+$12M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$11.6M |
| 3 |
Jane Street
New York
|
+$10.4M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$9.16M |
| 5 |
Squarepoint
New York
|
+$8.51M |
Top Sellers
| 1 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$4.41M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$3.14M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.83M |
| 4 |
VF
Virtu Financial
New York
|
-$1.34M |
| 5 |
Goldman Sachs
New York
|
-$1.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
M&T Bank
Buffalo,
New York
| – | -$201K | -2,737 | Closed |
|
|
MWM
77
MinichMacGregor Wealth Management
Saratoga Springs,
New York
| – | -$19.9K | -270 | Closed |
|
|
AWM
78
Activest Wealth Management
Aventure,
Florida
| – | -$11.1K | -151 | Closed |
|
|
MCC
79
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$7.44K | -101 | Closed |
|
|
CAS
80
Coppell Advisory Solutions
Coppell,
Texas
| – | -$1.54K | -21 | Closed |
|
|
CASC
81
Coppell Advisory Solutions Corp
Coppell,
Texas
| – | -$1.54K | -21 | Closed |
|
|
NSIM
82
North Star Investment Management
Chicago,
Illinois
| – | -$883 | -12 | Closed |
|
|
NA
83
NewEdge Advisors
New Orleans,
Louisiana
| – | -$736 | -10 | Closed |
|
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.