Direxion Daily Financial Bear 3x ETF
29 hedge funds and large institutions have $27.6M invested in Direxion Daily Financial Bear 3x ETF in 2026 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 3 closing their positions.
333% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 3
201% more call options, than puts
Call options by funds: $39.8M | Put options by funds: $13.2M
85% more capital invested
Capital invested by funds: $14.9M → $27.6M (+$12.6M)
53% more funds holding
Funds holding: 19 → 29 (+10)
6.69% more ownership
Funds ownership: 15.68% → 22.37% (+6.7%)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Gunderson Capital Management
Mt. Pleasant,
South Carolina
|
+$4.39M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$3.75M |
| 3 |
Goldman Sachs
New York
|
+$1.85M |
| 4 |
Squarepoint
New York
|
+$835K |
| 5 |
XT
XTX Topco
George Town,
Cayman Islands
|
+$773K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JF
Jump Financial
Chicago,
Illinois
|
-$1.54M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$1.47M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.17M |
| 4 |
GS
GTS Securities
New York
|
-$650K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$446K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Qube Research & Technologies (QRT)
London,
United Kingdom
| $4.06K | +$3.58K | +80 | New |
|
|
FDCDDQ
27
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $303 | – | – | – |
|
28
Citigroup
New York
| $51 | +$45 | +1 | New |
|
|
QC
29
Quadrature Capital
London,
United Kingdom
| – | -$1.47M | -38,158 | Closed |
|
30
Belvedere Trading
Chicago,
Illinois
| – | -$427K | -11,110 | Closed |
|
|
VF
31
Virtu Financial
New York
| – | -$202K | -5,253 | Closed |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$90 | +2 | New |
|
FAZ Hedge Fund Activity: Q1 2026 in Review
29 of the 8,130 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q1 2026, worth a combined $27.6M — up 85% from $14.9M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FAZ positions and 3 closed out — a net gain of 10 holders — while 6 added to existing stakes and 7 trimmed.
The largest buyer was Gunderson Capital Management, opening a new position worth an estimated $4.39M. The largest seller was Jump Financial, cutting an estimated $1.54M.
- 29 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q1 2026, up from 19 in Q4 2025.
- Funds reported $27.6M of Direxion Daily Financial Bear 3x ETF stock for Q1 2026, up 85% quarter-over-quarter.
- 13 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q1 2026 and 3 closed out, a net change of +10 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q1 2026 was Gunderson Capital Management, an estimated $4.39M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q1 2026 was Jump Financial, an estimated $1.54M sold.
Based on aggregated 13F filings for Q1 2026.