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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
GS
1
GTS Securities
New York
$9.76M +$3.92M +59,728 +102%
Citadel Advisors
2
Citadel Advisors
Florida
$8.76M +$2.5M +38,060 +56%
Susquehanna International Group
3
Susquehanna International Group
Pennsylvania
$7.64M +$5.03M +76,693 +488%
Morgan Stanley
4
Morgan Stanley
New York
$5.46M +$3.18M +48,385 +275%
Jane Street
5
Jane Street
New York
$5.14M +$4.08M +62,191 New
CIBC Private Wealth Group
6
CIBC Private Wealth Group
Georgia
$3.07M – – –
Squarepoint
7
Squarepoint
New York
$2.79M +$2.22M +33,784 New
Simplex Trading
8
Simplex Trading
Illinois
$2.52M -$565K -8,610 -22%
TCM
9
Traynor Capital Management
Pennsylvania
$1.78M -$251K -3,830 -15%
CIA
10
Capital Investment Advisors
Georgia
$1.77M -$28.9K -440 -2%
Wolverine Trading
11
Wolverine Trading
Illinois
$1.6M +$36.2K +551 +3%
IMC Chicago
12
IMC Chicago
Illinois
$1.49M +$1.19M +18,078 New
Bank of Nova Scotia
13
Bank of Nova Scotia
Ontario, Canada
$1.49M -$131K -2,000 -10%
Parallax Volatility Advisers
14
Parallax Volatility Advisers
California
$1.12M +$351K +5,350 +65%
SCM
15
SOL Capital Management
Maryland
$992K – – –
Renaissance Technologies
16
Renaissance Technologies
New York
$868K +$689K +10,500 New
PCMF
17
Private Capital Management (Florida)
Florida
$827K +$112K +1,700 +20%
XSC
18
X-Square Capital
Puerto Rico
$777K – – –
CS
19
Credit Suisse
Switzerland
$688K -$148K -2,262 -21%
VF
20
Virtu Financial
New York
$622K +$494K +7,529 New
PNC Financial Services Group
21
PNC Financial Services Group
Pennsylvania
$603K – – –
MSFP
22
Mark Sheptoff Financial Planning
Connecticut
$496K – – –
Pathstone Holdings
23
Pathstone Holdings
New Jersey
$454K +$361K +5,495 New
TFA
24
Toth Financial Advisory
Virginia
$434K -$1.77M -26,945 -84%
RC
25
Rovin Capital
Arizona
$417K +$4.33K +66 +1%
1
2 3 4

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.