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Direxion Daily Financial Bull 3x ETF
FAS

72 hedge funds and large institutions have $55.2M invested in Direxion Daily Financial Bull 3x ETF in 2022 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

257% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 7

53% more capital invested

Capital invested by funds: $36M → $55.2M (+$19.2M)

46% more call options, than puts

Call options by funds: $89.5M | Put options by funds: $61.4M

31% more funds holding

Funds holding: 55 → 72 (+17)

0.68% more ownership

Funds ownership: 2.48% → 3.16% (+0.68%)

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

Holders
72
Holders Change
+17
Holders Change %
+30.91%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
25
Increased
11
Reduced
14
Closed
7
Calls
$89.5M
Puts
$61.4M
Net Calls
+$28.1M
Net Calls Change
+$71K

Top Buyers

1
HCM
Hodges Capital Management
Texas
+$4.36M
2
SCA
Snowden Capital Advisors
New York
+$3.63M
3
TRCT
Tower Research Capital (TRC)
New York
+$3.02M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.51M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$1.45M

Top Sellers

1
CS
Credit Suisse
Switzerland
-$4.46M
2
Jane Street
Jane Street
New York
-$2.8M
3
Bank of America
Bank of America
North Carolina
-$1.5M
4
AWM
Apollon Wealth Management
South Carolina
-$1.09M
5
SAM
SP Asset Management
California
-$572K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
1
Citadel Advisors
Florida
$8.36M +$431K +5,936 +6%
Susquehanna International Group
2
Susquehanna International Group
Pennsylvania
$6.62M +$1.51M +20,713 +30%
SCA
3
Snowden Capital Advisors
New York
$6.32M +$3.63M +50,000 +139%
HCM
4
Hodges Capital Management
Texas
$4.41M +$4.36M +60,000 New
HF
5
HRT Financial
New York
$3.56M +$680K +9,355 +24%
TRCT
6
Tower Research Capital (TRC)
New York
$3.06M +$3.02M +41,541 +153,856%
CS
7
Credit Suisse
Switzerland
$2.72M -$4.46M -61,371 -62%
VF
8
Virtu Financial
New York
$1.75M -$185K -2,546 -10%
CIA
9
Capital Investment Advisors
Georgia
$1.71M -$93.7K -1,290 -5%
Bank of Nova Scotia
10
Bank of Nova Scotia
Ontario, Canada
$1.47M +$1.45M +20,000 New
Jane Street
11
Jane Street
New York
$1.46M -$2.8M -38,558 -66%
CG
12
Cutler Group
California
$1.35M -$20K -275 -1%
Goldman Sachs
13
Goldman Sachs
New York
$1.27M +$1.25M +17,265 New
XSC
14
X-Square Capital
Puerto Rico
$1.1M – – –
SCM
15
SOL Capital Management
Maryland
$883K – – –
CF
16
Cantor Fitzgerald
New York
$807K +$797K +10,971 New
Parallax Volatility Advisers
17
Parallax Volatility Advisers
California
$759K +$749K +10,311 +257,775%
Wolverine Trading
18
Wolverine Trading
Illinois
$715K +$707K +9,727 New
TSS
19
Two Sigma Securities
New York
$620K +$613K +8,429 New
PCMF
20
Private Capital Management (Florida)
Florida
$552K +$145K +2,000 +36%
MSFP
21
Mark Sheptoff Financial Planning
Connecticut
$441K – – –
EWA
22
Exencial Wealth Advisors
Oklahoma
$440K – – –
BCM
23
Brookstone Capital Management
Illinois
$409K – – –
LPL Financial
24
LPL Financial
California
$388K +$15.7K +216 +4%
AWM
25
Apollon Wealth Management
South Carolina
$324K -$1.09M -14,988 -77%
1
2 3 4

FAS Hedge Fund Activity: Q4 2022 in Review

72 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2022, worth a combined $55.2M — up 53% from $36M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new FAS positions and 7 closed out — a net gain of 18 holders — while 11 added to existing stakes and 14 trimmed.

The largest buyer was Hodges Capital Management, opening a new position worth an estimated $4.36M. The largest seller was Credit Suisse, cutting an estimated $4.46M.

  • 72 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2022, up from 55 in Q3 2022.
  • Funds reported $55.2M of Direxion Daily Financial Bull 3x ETF stock for Q4 2022, up 53% quarter-over-quarter.
  • 25 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2022 and 7 closed out, a net change of +18 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2022 was Hodges Capital Management, an estimated $4.36M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2022 was Credit Suisse, an estimated $4.46M sold.

Based on aggregated 13F filings for Q4 2022.