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Direxion Daily Financial Bull 3x ETF
FAS

66 hedge funds and large institutions have $162M invested in Direxion Daily Financial Bull 3x ETF in 2024 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more call options, than puts

Call options by funds: $148M | Put options by funds: $76.2M

78% more capital invested

Capital invested by funds: $90.7M → $162M (+$71.1M)

33% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 9

4.18% more ownership

Funds ownership: 3.61% → 7.79% (+4.2%)

4% less funds holding

Funds holding: 69 → 66 (-3)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

Holders
66
Holders Change
-3
Holders Change %
-4.35%
% of All Funds
0.95%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
12
Reduced
9
Closed
15
Calls
$148M
Puts
$76.2M
Net Calls
+$71.9M
Net Calls Change
-$8.84M

Top Buyers

1
Jane Street
Jane Street
New York
+$72.7M
2
SFC
Strategic Financial Concepts
Texas
+$4.46M
3
EWM
Elevatus Welath Management
New York
+$3.64M
4
GS
GTS Securities
New York
+$3.38M
5
IMC Chicago
IMC Chicago
Illinois
+$2.98M

Top Sellers

1
HF
HRT Financial
New York
-$2.42M
2
DSCM
Del-Sette Capital Management
New York
-$2.11M
3
Citadel Advisors
Citadel Advisors
Florida
-$2.05M
4
TRCT
Tower Research Capital (TRC)
New York
-$1.76M
5
Squarepoint
Squarepoint
New York
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
1
Jane Street
New York
$78M +$72.7M +707,435 +1,093%
Citadel Advisors
2
Citadel Advisors
Florida
$15.8M -$2.05M -19,983 -11%
Simplex Trading
3
Simplex Trading
Illinois
$13.3M +$259K +2,526 +2%
GS
4
GTS Securities
New York
$12.8M +$3.38M +32,866 +35%
Parallax Volatility Advisers
5
Parallax Volatility Advisers
California
$4.29M +$2.18M +21,181 +99%
Wolverine Trading
6
Wolverine Trading
Illinois
$3.91M +$101K +987 +3%
CIBC Private Wealth Group
7
CIBC Private Wealth Group
Georgia
$3.83M – – –
EWM
8
Elevatus Welath Management
New York
$3.58M +$3.64M +35,428 New
Susquehanna International Group
9
Susquehanna International Group
Pennsylvania
$2.93M +$1.98M +19,279 +197%
IMC Chicago
10
IMC Chicago
Illinois
$2.93M +$2.98M +29,018 New
Morgan Stanley
11
Morgan Stanley
New York
$2.82M +$746K +7,263 +35%
CIA
12
Capital Investment Advisors
Georgia
$2.16M – – –
TFA
13
Toth Financial Advisory
Virginia
$1.33M +$85K +828 +7%
SCM
14
SOL Capital Management
Maryland
$1.21M – – –
VF
15
Virtu Financial
New York
$1.15M +$1.17M +11,378 New
PNC Financial Services Group
16
PNC Financial Services Group
Pennsylvania
$737K – – –
RC
17
Rovin Capital
Arizona
$609K +$25.5K +248 +4%
AWM
18
Activest Wealth Management
Florida
$608K +$618K +6,020 New
MSFP
19
Mark Sheptoff Financial Planning
Connecticut
$606K – – –
PCMF
20
Private Capital Management (Florida)
Florida
$555K – – –
Bank of America
21
Bank of America
North Carolina
$520K +$38.8K +378 +8%
LPL Financial
22
LPL Financial
California
$513K -$1.54K -15 -0.3%
SBIA
23
Sheaff Brock Investment Advisors
Indiana
$509K – – –
Bank of Nova Scotia
24
Bank of Nova Scotia
Ontario, Canada
$505K -$103K -1,000 -17%
MG
25
Marex Group
$505K +$514K +5,000 New
1
2 3 4

FAS Hedge Fund Activity: Q2 2024 in Review

66 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2024, worth a combined $162M — up 78% from $90.7M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FAS and 13 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 12 added.

The largest buyer was Jane Street, adding an estimated $72.7M. The largest seller was HRT Financial, exiting entirely with an estimated $2.42M sold.

  • 66 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2024, down from 69 in Q1 2024.
  • Funds reported $162M of Direxion Daily Financial Bull 3x ETF stock for Q2 2024, up 78% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2024 and 15 closed out, a net change of -2 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2024 was Jane Street, an estimated $72.7M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2024 was HRT Financial, an estimated $2.42M sold.

Based on aggregated 13F filings for Q2 2024.