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Direxion Daily Financial Bull 3x ETF
FAS

77 hedge funds and large institutions have $102M invested in Direxion Daily Financial Bull 3x ETF in 2024 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

206% more call options, than puts

Call options by funds: $311M | Put options by funds: $102M

79% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 14

17% more funds holding

Funds holding: 66 → 77 (+11)

3.63% less ownership

Funds ownership: 7.79% → 4.16% (-3.6%)

29% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 17

37% less capital invested

Capital invested by funds: $162M → $102M (-$60M)

Holders
77
Holders Change
+11
Holders Change %
+16.67%
% of All Funds
1.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
25
Increased
12
Reduced
17
Closed
14
Calls
$311M
Puts
$102M
Net Calls
+$209M
Net Calls Change
+$138M

Top Buyers

1
GS
GTS Securities
New York
+$3.27M
2
Wolverine Trading
Wolverine Trading
Illinois
+$3.26M
3
HF
HRT Financial
New York
+$3.14M
4
Simplex Trading
Simplex Trading
Illinois
+$2.66M
5
Squarepoint
Squarepoint
New York
+$2.58M

Top Sellers

1
Jane Street
Jane Street
New York
-$89.8M
2
Citadel Advisors
Citadel Advisors
Florida
-$14M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$5.01M
4
EWM
Elevatus Welath Management
New York
-$3.58M
5
IMC Chicago
IMC Chicago
Illinois
-$1.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
GS
1
GTS Securities
New York
$20M +$3.27M +27,696 +22%
Simplex Trading
2
Simplex Trading
Illinois
$20M +$2.66M +22,513 +17%
Wolverine Trading
3
Wolverine Trading
Illinois
$8.52M +$3.26M +27,674 +72%
Morgan Stanley
4
Morgan Stanley
New York
$5.95M +$2.11M +17,915 +64%
Citadel Advisors
5
Citadel Advisors
Florida
$4.94M -$14M -118,547 -76%
CIBC Private Wealth Group
6
CIBC Private Wealth Group
Georgia
$4.82M – – –
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$3.72M -$43.2K -366 -1%
HF
8
HRT Financial
New York
$3.45M +$3.14M +26,593 New
Squarepoint
9
Squarepoint
New York
$2.84M +$2.58M +21,856 New
CIA
10
Capital Investment Advisors
Georgia
$2.77M -$8.26K -70 -0.3%
QC
11
Quadrature Capital
United Kingdom
$2.28M +$2.07M +17,562 New
IMC Chicago
12
IMC Chicago
Illinois
$2.09M -$1.52M -12,889 -44%
TFA
13
Toth Financial Advisory
Virginia
$1.74M +$29.5K +250 +2%
Jane Street
14
Jane Street
New York
$1.37M -$89.8M -761,640 -99%
SCM
15
SOL Capital Management
Maryland
$1.3M -$236K -2,000 -17%
Bank of America
16
Bank of America
North Carolina
$1.15M +$441K +3,740 +73%
PNC Financial Services Group
17
PNC Financial Services Group
Pennsylvania
$1.06M +$98.1K +832 +11%
LPL Financial
18
LPL Financial
California
$855K +$178K +1,506 +30%
MSFP
19
Mark Sheptoff Financial Planning
Connecticut
$779K – – –
RC
20
Rovin Capital
Arizona
$720K -$56.9K -482 -8%
PCMF
21
Private Capital Management (Florida)
Florida
$714K – – –
SBIA
22
Sheaff Brock Investment Advisors
Indiana
$656K +$1.65K +14 +0.3%
CAPTRUST Financial Advisors
23
CAPTRUST Financial Advisors
North Carolina
$639K +$98.5K +835 +20%
Janney Montgomery Scott
24
Janney Montgomery Scott
Pennsylvania
$583K – – –
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$551K +$15.8K +134 +3%
1
2 3 4

FAS Hedge Fund Activity: Q3 2024 in Review

77 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2024, worth a combined $102M — down 37% from $162M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new FAS positions and 14 closed out — a net gain of 11 holders — while 12 added to existing stakes and 17 trimmed.

The largest buyer was GTS Securities, adding an estimated $3.27M. The largest seller was Jane Street, cutting an estimated $89.8M.

  • 77 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2024, up from 66 in Q2 2024.
  • Funds reported $102M of Direxion Daily Financial Bull 3x ETF stock for Q3 2024, down 37% quarter-over-quarter.
  • 25 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2024 and 14 closed out, a net change of +11 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2024 was GTS Securities, an estimated $3.27M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2024 was Jane Street, an estimated $89.8M sold.

Based on aggregated 13F filings for Q3 2024.