Direxion NASDAQ-100 Equal Weighted Index ETF
QQQE
131 hedge funds and large institutions have $428M invested in Direxion NASDAQ-100 Equal Weighted Index ETF in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 46 increasing their positions, 41 reducing their positions, and 22 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
46% more capital invested
Capital invested by funds: $293M → $428M (+$135M)
12% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 41
4.6% more ownership
Funds ownership: 53.67% → 58.27% (+4.6%)
4% less funds holding
Funds holding: 136 → 131 (-5)
23% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 22
54% less call options, than puts
Call options by funds: $3.5M | Put options by funds: $7.55M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RFG
RFP Financial Group
Atlanta,
Georgia
|
+$49.6M |
| 2 |
BMM
Berkshire Money Management
Dalton,
Massachusetts
|
+$19.9M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$14.5M |
| 4 |
HCA
Heck Capital Advisors
Rhinelander,
Wisconsin
|
+$13.6M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$11.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$15M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$4.96M |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
-$3.69M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$2.85M |
| 5 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
-$2.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SSB
151
Sandy Spring Bank
Olney,
Maryland
| – | -$29K | -400 | Closed |
|
152
Simplex Trading
Chicago,
Illinois
| – | -$10K | -144 | Closed |
|
|
BWL
153
Bogart Wealth LLC
Mclean,
Virginia
| – | -$8.27K | -114 | Closed |
|
QQQE Hedge Fund Activity: Q2 2023 in Review
131 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) for Q2 2023, worth a combined $428M — up 46% from $293M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of QQQE and 17 opened new positions — a net loss of 5 holders — while 41 trimmed existing stakes and 46 added.
The largest buyer was RFP Financial Group, adding an estimated $49.6M. The largest seller was Goldman Sachs, cutting an estimated $15M.
- 131 institutional investors held Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) as of Q2 2023, down from 136 in Q1 2023.
- Funds reported $428M of Direxion NASDAQ-100 Equal Weighted Index ETF stock for Q2 2023, up 46% quarter-over-quarter.
- 17 funds opened new Direxion NASDAQ-100 Equal Weighted Index ETF positions in Q2 2023 and 22 closed out, a net change of -5 holders.
- The largest Direxion NASDAQ-100 Equal Weighted Index ETF buyer in Q2 2023 was RFP Financial Group, an estimated $49.6M added.
- The largest Direxion NASDAQ-100 Equal Weighted Index ETF seller in Q2 2023 was Goldman Sachs, an estimated $15M sold.
Based on aggregated 13F filings for Q2 2023.