Direxion Daily Financial Bull 3x ETF
77 hedge funds and large institutions have $167M invested in Direxion Daily Financial Bull 3x ETF in 2025 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 25 increasing their positions, 16 reducing their positions, and 16 closing their positions.
224% more call options, than puts
Call options by funds: $461M | Put options by funds: $142M
56% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 16
16% more capital invested
Capital invested by funds: $145M → $167M (+$22.7M)
0.42% more ownership
Funds ownership: 5.86% → 6.28% (+0.42%)
0% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 16
1% less funds holding
Funds holding: 78 → 77 (-1)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$29M |
| 2 |
GS
GTS Securities
New York
|
+$10.8M |
| 3 |
Morgan Stanley
New York
|
+$7.09M |
| 4 |
EWM
Elevatus Welath Management
Victor,
New York
|
+$4.31M |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$3.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
-$25.7M |
| 2 |
TCM
Thames Capital Management
Roseland,
New Jersey
|
-$16.1M |
| 3 |
Jane Street
New York
|
-$9.93M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
-$5.46M |
| 5 |
VPW
Variant Private Wealth
Tysons,
Virginia
|
-$2.2M |
FAS Hedge Fund Activity: Q2 2025 in Review
77 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2025, worth a combined $167M — up 16% from $145M a quarter earlier.
Fund positioning in FAS was balanced in Q2 2025: 16 funds opened new positions, 16 closed out, 25 added to existing stakes and 16 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $29M. The largest seller was Quadrature Capital, exiting entirely with an estimated $25.7M sold.
- 77 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2025, down from 78 in Q1 2025.
- Funds reported $167M of Direxion Daily Financial Bull 3x ETF stock for Q2 2025, up 16% quarter-over-quarter.
- 16 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2025 and 16 closed out, a net change of 0 holders.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2025 was Citadel Advisors, an estimated $29M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2025 was Quadrature Capital, an estimated $25.7M sold.
Based on aggregated 13F filings for Q2 2025.