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Direxion NASDAQ-100 Equal Weighted Index ETF

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: 88 (0)

2% less funds holding

Funds holding: 208204 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$133M +$50.3M +577,845 +63%
BMM
2
Berkshire Money Management
Massachusetts
$71.1M +$1.73M +19,819 +3%
Morgan Stanley
3
Morgan Stanley
New York
$40.4M +$19.8M +227,124 +99%
UBS Group
4
UBS Group
Switzerland
$37.2M +$586K +6,731 +2%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$33.9M -$10.1M -115,768 -23%
WA
6
Waddell & Associates
Tennessee
$32.2M +$397K +4,559 +1%
ESL
7
Endurance Services Ltd
New York
$30.8M
Bank of America
8
Bank of America
North Carolina
$27.4M -$5.77M -66,260 -18%
TIA
9
Traphagen Investment Advisors
New Jersey
$27.3M -$11.7M -134,792 -30%
LPL Financial
10
LPL Financial
California
$23.2M -$2.36M -27,074 -9%
FFG
11
Frisch Financial Group
New York
$16.1M +$1.54M +17,674 +11%
HighTower Advisors
12
HighTower Advisors
Illinois
$15.1M +$127K +1,458 +0.9%
RCWMU
13
Rothschild & Co Wealth Management (UK)
United Kingdom
$14.4M +$203K +2,332 +1%
CFG
14
Carr Financial Group
Massachusetts
$12.4M -$283K -3,247 -2%
Envestnet Asset Management
15
Envestnet Asset Management
Illinois
$12M -$284K -3,258 -2%
MAG
16
MRA Advisory Group
New Jersey
$9.37M +$3.75M +43,058 +69%
Citigroup
17
Citigroup
New York
$8.9M +$8.73M +100,298 New
Cambridge Investment Research Advisors
18
Cambridge Investment Research Advisors
Iowa
$7.95M -$893K -10,254 -10%
Ameriprise
19
Ameriprise
Minnesota
$6.51M +$1.61M +18,498 +34%
RJA
20
Raymond James & Associates
Florida
$6.42M +$77.3K +888 +1%
AC
21
Avestar Capital
New York
$6.36M -$66.4K -762 -1%
Creative Planning
22
Creative Planning
Kansas
$5.46M -$286K -3,280 -5%
NFG
23
Nations Financial Group
Iowa
$5.32M +$129K +1,481 +3%
SCM
24
SOL Capital Management
Maryland
$5.16M +$2.35M +26,958 +87%
Bank of Montreal
25
Bank of Montreal
Ontario, Canada
$5.13M -$205K -2,354 -4%

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.