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Direxion Daily Technology Bull 3x ETF
TECL

48 hedge funds and large institutions have $32.9M invested in Direxion Daily Technology Bull 3x ETF in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more funds holding

Funds holding: 47 → 48 (+1)

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

6% more call options, than puts

Call options by funds: $163M | Put options by funds: $155M

7% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 14

1.44% less ownership

Funds ownership: 3.21% → 1.77% (-1.4%)

20% less capital invested

Capital invested by funds: $40.9M → $32.9M (-$8.01M)

Holders
48
Holders Change
+1
Holders Change %
+2.13%
% of All Funds
0.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
13
Reduced
14
Closed
12
Calls
$163M
Puts
$155M
Net Calls
+$8.89M
Net Calls Change
-$15M

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$2.83M
2
Citadel Advisors
Citadel Advisors
Florida
+$1.46M
3
TRCT
Tower Research Capital (TRC)
New York
+$769K
4
UBS Group
UBS Group
Switzerland
+$380K
5
Wolverine Trading
Wolverine Trading
Illinois
+$334K

Top Sellers

Rank Fund Capital Flow
1
Squarepoint
Squarepoint
New York
-$16.9M
2
PA
Paragon Advisors
Texas
-$6.55M
3
VF
Virtu Financial
New York
-$1.69M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.46M
5
Jane Street
Jane Street
New York
-$838K
Name Holding Trade Value Shares
Change 		Change in
Stake
Barclays
26
Barclays
United Kingdom
$212K – – –
RPCONE
27
Retirement Planning Company of New England
Rhode Island
$203K +$159K +5,471 New
FTUS
28
Flow Traders U.S.
New York
$202K +$158K +5,423 New
CG
29
Colony Group
Massachusetts
$201K +$157K +5,413 New
BAAM
30
Baker Avenue Asset Management
California
$143K – – –
Citigroup
31
Citigroup
New York
$119K – – –
KFS
32
Kelly Financial Services
Massachusetts
$89.3K -$3.05K -105 -4%
TAM
33
Tucker Asset Management
Colorado
$57.3K +$44.8K +1,540 New
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$43K -$5.81K -200 -15%
HT
35
Headlands Technologies
Illinois
$40.5K +$27.5K +946 +662%
SIS
36
Sound Income Strategies
Florida
$18.6K – – –
HCM
37
Hollencrest Capital Management
California
$17.7K +$13.8K +475 New
CG
38
Cutler Group
California
$16K -$30.4K -1,045 -70%
S
39
SignatureFD
Georgia
$15.6K +$581 +20 +5%
UB
40
UMB Bank
Missouri
$14.9K – – –
SWM
41
Sugarloaf Wealth Management
Georgia
$9.76K -$20.5K -707 -73%
ASN
42
Advisory Services Network
Georgia
$7.32K +$4.56K +157 +393%
Simplex Trading
43
Simplex Trading
Illinois
$7K -$183K -6,302 -97%
VWM
44
Venturi Wealth Management
Texas
$2.04K +$1.6K +55 New
LFG
45
Larson Financial Group
Missouri
$1.34K +$1.05K +36 New
Osaic Holdings
46
Osaic Holdings
Arizona
$149 – – –
Fidelity Investments
47
Fidelity Investments
Massachusetts
$37 +$29 +1 New
Wells Fargo
48
Wells Fargo
California
$31 -$29 -1 Closed
QC
49
Quent Capital
New York
$22 +$29 +1 New
Squarepoint
50
Squarepoint
New York
– -$16.9M -623,508 Closed
1
2
3

TECL Hedge Fund Activity: Q1 2023 in Review

48 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Technology Bull 3x ETF (TECL) for Q1 2023, worth a combined $32.9M — down 20% from $40.9M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new TECL positions and 12 closed out — a net gain of 1 holder — while 13 added to existing stakes and 14 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $2.83M. The largest seller was Squarepoint, exiting entirely with an estimated $16.9M sold.

  • 48 institutional investors held Direxion Daily Technology Bull 3x ETF (TECL) as of Q1 2023, up from 47 in Q4 2022.
  • Funds reported $32.9M of Direxion Daily Technology Bull 3x ETF stock for Q1 2023, down 20% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Technology Bull 3x ETF positions in Q1 2023 and 12 closed out, a net change of +1 holder.
  • The largest Direxion Daily Technology Bull 3x ETF buyer in Q1 2023 was Susquehanna International Group, an estimated $2.83M added.
  • The largest Direxion Daily Technology Bull 3x ETF seller in Q1 2023 was Squarepoint, an estimated $16.9M sold.

Based on aggregated 13F filings for Q1 2023.