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Direxion NASDAQ-100 Equal Weighted Index ETF
QQQE

204 hedge funds and large institutions have $725M invested in Direxion NASDAQ-100 Equal Weighted Index ETF in 2024 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 65 increasing their positions, 63 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $687M → $725M (+$38M)

5.03% more ownership

Funds ownership: 53.66% → 58.69% (+5%)

6% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 16

3% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 63

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

2% less funds holding

Funds holding: 208 → 204 (-4)

89% less call options, than puts

Call options by funds: $1.28M | Put options by funds: $11.9M

Holders
204
Holders Change
-4
Holders Change %
-1.92%
% of All Funds
2.95%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.12%
New
17
Increased
65
Reduced
63
Closed
16
Calls
$1.28M
Puts
$11.9M
Net Calls
-$10.6M
Net Calls Change
+$7.53M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$50.3M
2
Morgan Stanley
Morgan Stanley
New York
+$19.8M
3
Citigroup
Citigroup
New York
+$8.73M
4
MAG
MRA Advisory Group
New Jersey
+$3.75M
5
QC
Quadrature Capital
United Kingdom
+$3.43M

Top Sellers

Rank Fund Capital Flow
1
TIA
Traphagen Investment Advisors
New Jersey
-$11.7M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$10.1M
3
Bank of America
Bank of America
North Carolina
-$5.77M
4
TF
Theory Financial
Colorado
-$3.84M
5
EH
Equitable Holdings
New York
-$3.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
KP
101
Keel Point
Alabama
$464K +$523 +6 +0.1%
PA
102
Parallel Advisors
California
$455K – – –
GIA
103
Gladstone Institutional Advisory
Florida
$420K -$200K -2,301 -33%
WC
104
Waterloo Capital
Texas
$409K -$13.8K -158 -3%
MCCA
105
Mill Creek Capital Advisors
Pennsylvania
$401K – – –
TFP
106
Tilia Fiduciary Partners
North Carolina
$393K -$10.9K -125 -3%
EH
107
Equitable Holdings
New York
$390K -$3.48M -39,929 -90%
DAS
108
Dynamic Advisor Solutions
Arizona
$375K -$28.7K -330 -7%
PWM
109
Paulson Wealth Management
Illinois
$371K -$4.62K -53 -1%
RFG
110
RFP Financial Group
Georgia
$369K -$227K -2,601 -38%
EW
111
Element Wealth
Mississippi
$352K – – –
TWM
112
Triton Wealth Management
Arizona
$342K +$334K +3,840 New
MPW
113
Monterey Private Wealth
California
$339K – – –
Envestnet Portfolio Solutions
114
Envestnet Portfolio Solutions
Illinois
$339K +$11.2K +129 +3%
PCMF
115
Private Capital Management (Florida)
Florida
$325K +$174 +2 +0.1%
MIH
116
Meitav Investment House
Israel
$319K – – –
IAIM
117
International Assets Investment Management
Florida
$317K +$68.5K +787 +28%
ECM
118
Evergreen Capital Management
Washington
$315K – – –
Cerity Partners
119
Cerity Partners
New York
$310K – – –
BWM
120
BCS Wealth Management
Tennessee
$310K -$5.14K -59 -2%
APW
121
Aurora Private Wealth
New Jersey
$297K -$1.04K -12 -0.4%
HFS
122
Howard Financial Services
Texas
$283K – – –
MML Investors Services
123
MML Investors Services
Massachusetts
$283K +$5.66K +65 +2%
CT
124
Colonial Trust
South Carolina
$282K – – –
IAN
125
Integrated Advisors Network
Texas
$269K -$21.3K -244 -7%
3 4
5
6 7

QQQE Hedge Fund Activity: Q2 2024 in Review

204 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) for Q2 2024, worth a combined $725M — up 5.5% from $687M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new QQQE positions and 16 closed out — a net gain of 1 holder — while 65 added to existing stakes and 63 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $50.3M. The largest seller was Traphagen Investment Advisors, cutting an estimated $11.7M.

  • 204 institutional investors held Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) as of Q2 2024, down from 208 in Q1 2024.
  • Funds reported $725M of Direxion NASDAQ-100 Equal Weighted Index ETF stock for Q2 2024, up 5.5% quarter-over-quarter.
  • 17 funds opened new Direxion NASDAQ-100 Equal Weighted Index ETF positions in Q2 2024 and 16 closed out, a net change of +1 holder.
  • The largest Direxion NASDAQ-100 Equal Weighted Index ETF buyer in Q2 2024 was Goldman Sachs, an estimated $50.3M added.
  • The largest Direxion NASDAQ-100 Equal Weighted Index ETF seller in Q2 2024 was Traphagen Investment Advisors, an estimated $11.7M sold.

Based on aggregated 13F filings for Q2 2024.