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Direxion Daily Financial Bull 3x ETF
FAS

78 hedge funds and large institutions have $145M invested in Direxion Daily Financial Bull 3x ETF in 2025 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

162% more call options, than puts

Call options by funds: $439M | Put options by funds: $168M

15% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 13

11% more capital invested

Capital invested by funds: $130M → $145M (+$14.3M)

0.69% more ownership

Funds ownership: 5.17% → 5.86% (+0.69%)

0% more funds holding

Funds holding: 78 → 78 (0)

10% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 21

Holders
78
Holders Change
–
Holders Change %
0%
% of All Funds
1.05%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
15
Increased
19
Reduced
21
Closed
13
Calls
$439M
Puts
$168M
Net Calls
+$272M
Net Calls Change
+$21.6M

Top Buyers

1
TCM
Thames Capital Management
New Jersey
+$16.8M
2
Citadel Advisors
Citadel Advisors
Florida
+$12.9M
3
Jane Street
Jane Street
New York
+$11.6M
4
LPL Financial
LPL Financial
California
+$6.65M
5
GS
GTS Securities
New York
+$2.32M

Top Sellers

1
Wolverine Trading
Wolverine Trading
Illinois
-$10.6M
2
Simplex Trading
Simplex Trading
Illinois
-$8.58M
3
Squarepoint
Squarepoint
New York
-$7.99M
4
Group One Trading
Group One Trading
Illinois
-$6M
5
TRCT
Tower Research Capital (TRC)
New York
-$4.62M
Name Holding Trade Value Shares
Change 		Change in
Stake
NSIM
76
North Star Investment Management
Illinois
$1.9K – – –
SWM
77
Spire Wealth Management
Virginia
$1.59K – – –
AAP
78
Arax Advisory Partners
Colorado
$159 +$165 +1 New
HNB
79
Huntington National Bank
Ohio
$158 – – –
Group One Trading
80
Group One Trading
Illinois
– -$6M -39,759 Closed
Qube Research & Technologies (QRT)
81
Qube Research & Technologies (QRT)
United Kingdom
– -$524K -3,471 Closed
SWIG
82
Strategic Wealth Investment Group
Kentucky
– -$343K -2,269 Closed
WEG
83
World Equity Group
Illinois
– -$207K -1,370 Closed
DS
84
DRW Securities
Illinois
– -$201K -1,328 Closed
BWL
85
Bogart Wealth LLC
Virginia
– -$132K -800 Closed
AA
86
Addison Advisors
Vermont
– -$45.3K -300 Closed
LC
87
Lindbrook Capital
California
– -$18.1K -120 Closed
Barclays
88
Barclays
United Kingdom
– -$14.5K -96 Closed
UBS AM
89
UBS AM
Illinois
– -$6.49K -43 Closed
CAS
90
Coppell Advisory Solutions
Texas
– -$1.5K -10 Closed
B
91
Birchbrook
Maine
– -$1.21K -8 Closed
Toronto Dominion Bank
92
Toronto Dominion Bank
Ontario, Canada
– -$94 -1 Closed
1 2 3
4

FAS Hedge Fund Activity: Q1 2025 in Review

78 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2025, worth a combined $145M — up 11% from $130M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FAS positions and 13 closed out — a net gain of 2 holders — while 19 added to existing stakes and 21 trimmed.

The largest buyer was Thames Capital Management, opening a new position worth an estimated $16.8M. The largest seller was Wolverine Trading, cutting an estimated $10.6M.

  • 78 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2025, unchanged from Q4 2024.
  • Funds reported $145M of Direxion Daily Financial Bull 3x ETF stock for Q1 2025, up 11% quarter-over-quarter.
  • 15 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2025 and 13 closed out, a net change of +2 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2025 was Thames Capital Management, an estimated $16.8M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2025 was Wolverine Trading, an estimated $10.6M sold.

Based on aggregated 13F filings for Q1 2025.