Direxion Daily Magnificent 7 Bull 2X ETF
QQQU
4 hedge funds and large institutions have $2.09M invested in Direxion Daily Magnificent 7 Bull 2X ETF in 2024 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, reducing their positions, and 5 closing their positions.
15.39% less ownership
Funds ownership: 27.29% → 11.9% (-15%)
26% less capital invested
Capital invested by funds: $2.82M → $2.09M (-$729K)
43% less funds holding
Funds holding: 7 → 4 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.04M |
| 2 |
TSMHT
Thurston Springer Miller Herd & Titak
Indianapolis,
Indiana
|
+$9.64K |
| 3 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
+$845 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$857K |
| 2 |
Goldman Sachs
New York
|
-$514K |
| 3 |
Jane Street
New York
|
-$337K |
| 4 |
WWS
Wellington Wealth Strategies
Indianapolis,
Indiana
|
-$216K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$651 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $1.12M | +$1.04M | +30,688 | New |
|
2
Citigroup
New York
| $914K | – | – | – |
|
|
TSMHT
3
Thurston Springer Miller Herd & Titak
Indianapolis,
Indiana
| $51.5K | +$9.64K | +285 | +25% |
|
|
TCM
4
Tradewinds Capital Management
Bellingham,
Washington
| $915 | +$845 | +25 | New |
|
|
5
Bank of America
Charlotte,
North Carolina
| – | -$857K | -25,000 | Closed |
|
|
6
Goldman Sachs
New York
| – | -$514K | -15,000 | Closed |
|
|
7
Jane Street
New York
| – | -$337K | -9,825 | Closed |
|
|
WWS
8
Wellington Wealth Strategies
Indianapolis,
Indiana
| – | -$216K | -454 | Closed |
|
|
9
UBS Group
Zurich,
Switzerland
| – | -$651 | -19 | Closed |
|
QQQU Hedge Fund Activity: Q3 2024 in Review
4 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Magnificent 7 Bull 2X ETF (QQQU) for Q3 2024, worth a combined $2.09M — down 26% from $2.82M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of QQQU and 2 opened new positions — a net loss of 3 holders — while 0 trimmed existing stakes and 1 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $1.04M. The largest seller was Bank of America, exiting entirely with an estimated $857K sold.
- 4 institutional investors held Direxion Daily Magnificent 7 Bull 2X ETF (QQQU) as of Q3 2024, down from 7 in Q2 2024.
- Funds reported $2.09M of Direxion Daily Magnificent 7 Bull 2X ETF stock for Q3 2024, down 26% quarter-over-quarter.
- 2 funds opened new Direxion Daily Magnificent 7 Bull 2X ETF positions in Q3 2024 and 5 closed out, a net change of -3 holders.
- The largest Direxion Daily Magnificent 7 Bull 2X ETF buyer in Q3 2024 was Susquehanna International Group, an estimated $1.04M added.
- The largest Direxion Daily Magnificent 7 Bull 2X ETF seller in Q3 2024 was Bank of America, an estimated $857K sold.
Based on aggregated 13F filings for Q3 2024.