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Direxion Daily S&P Biotech Bull 3X ETF
LABU

47 hedge funds and large institutions have $18.8M invested in Direxion Daily S&P Biotech Bull 3X ETF in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 10

0.03% less ownership

Funds ownership: 0.14% → 0.11% (-0.03%)

8% less funds holding

Funds holding: 51 → 47 (-4)

21% less call options, than puts

Call options by funds: $13.2M | Put options by funds: $16.6M

21% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 19

31% less capital invested

Capital invested by funds: $27.3M → $18.8M (-$8.48M)

Holders
47
Holders Change
-4
Holders Change %
-7.84%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
16
Reduced
10
Closed
19
Calls
$13.2M
Puts
$16.6M
Net Calls
-$3.4M
Net Calls Change
+$10.6M

Top Buyers

Rank Fund Capital Flow
1
HF
HRT Financial
New York
+$2.62M
2
TRCT
Tower Research Capital (TRC)
New York
+$1.8M
3
Simplex Trading
Simplex Trading
Illinois
+$1.28M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$706K
5
PFO
Pathstone Family Office
New Jersey
+$591K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$3.2M
2
Squarepoint
Squarepoint
New York
-$1.37M
3
Wolverine Trading
Wolverine Trading
Illinois
-$569K
4
Morgan Stanley
Morgan Stanley
New York
-$507K
5
G
Gainplan
Michigan
-$444K
Name Holding Trade Value Shares
Change 		Change in
Stake
EW
26
Evoke Wealth
California
$76.2K – – –
Wolverine Trading
27
Wolverine Trading
Illinois
$61.9K -$569K -5,544 -87%
Jane Street
28
Jane Street
New York
$59.2K -$36.1K -352 -31%
GCA
29
Genesee Capital Advisors
New York
$54.9K +$73.9K +720 New
LSPW
30
Lake Street Private Wealth
Illinois
$54.9K +$71.8K +700 New
SWM
31
Spire Wealth Management
Virginia
$54.5K +$11.9K +116 +19%
BCV
32
Banque Cantonale Vaudoise
Switzerland
$46K +$30.8K +300 +100%
CRI
33
Colonial River Investments
Virginia
$44.9K +$60.5K +590 New
SHFP
34
Second Half Financial Partners
Florida
$40.4K +$54.4K +530 New
NA
35
NewEdge Advisors
Louisiana
$39.8K -$33.9K -330 -9%
KBC
36
Key Bridge Compliance
$39.6K +$53.4K +520 New
WAS
37
Wealth Advisory Solutions
Indiana
$39.6K +$53.4K +520 New
DAS
38
Dynamic Advisor Solutions
Arizona
$39.4K -$118K -1,150 -69%
PS
39
PayPay Securities
Japan
$39K +$3.49K +34 +7%
HI
40
Hoey Investments
Pennsylvania
$14.5K – – –
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$8.62K -$1.23K -12 -10%
CLOS
42
Compagnie Lombard Odier SCmA
Switzerland
$7.62K +$10.3K +100 New
Qube Research & Technologies (QRT)
43
Qube Research & Technologies (QRT)
United Kingdom
$4.26K +$2.57K +25 +81%
CPG
44
Cornerstone Planning Group
New Jersey
$2.67K – – –
TFM
45
TFC Financial Management
Massachusetts
$1.91K – – –
US Bancorp
46
US Bancorp
Minnesota
$1.14K – – –
Fidelity Investments
47
Fidelity Investments
Massachusetts
$8 – – –
G
48
Gainplan
Michigan
– -$444K -3,750 Closed
PGFC
49
Peapack-Gladstone Financial Corp
New Jersey
– -$308K -2,600 Closed
YRHAM
50
Yong Rong (HK) Asset Management
Hong Kong
– -$260K -2,190 Closed
1
2
3

LABU Hedge Fund Activity: Q3 2023 in Review

47 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P Biotech Bull 3X ETF (LABU) for Q3 2023, worth a combined $18.8M — down 31% from $27.3M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of LABU and 15 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 16 added.

The largest buyer was HRT Financial, opening a new position worth an estimated $2.62M. The largest seller was Citadel Advisors, cutting an estimated $3.2M.

  • 47 institutional investors held Direxion Daily S&P Biotech Bull 3X ETF (LABU) as of Q3 2023, down from 51 in Q2 2023.
  • Funds reported $18.8M of Direxion Daily S&P Biotech Bull 3X ETF stock for Q3 2023, down 31% quarter-over-quarter.
  • 15 funds opened new Direxion Daily S&P Biotech Bull 3X ETF positions in Q3 2023 and 19 closed out, a net change of -4 holders.
  • The largest Direxion Daily S&P Biotech Bull 3X ETF buyer in Q3 2023 was HRT Financial, an estimated $2.62M added.
  • The largest Direxion Daily S&P Biotech Bull 3X ETF seller in Q3 2023 was Citadel Advisors, an estimated $3.2M sold.

Based on aggregated 13F filings for Q3 2023.