Direxion Daily Technology Bull 3x ETF
TECL
44 hedge funds and large institutions have $95.9M invested in Direxion Daily Technology Bull 3x ETF in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 9 reducing their positions, and 12 closing their positions.
78% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 9
41% more call options, than puts
Call options by funds: $302M | Put options by funds: $214M
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 47 → 44 (-3)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
52% less capital invested
Capital invested by funds: $199M → $95.9M (-$103M)
59.28% less ownership
Funds ownership: 105.55% → 46.27% (-59%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$12.5M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$8.36M |
| 3 |
VF
Virtu Financial
New York
|
+$6.63M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.9M |
| 5 |
CG
Cutler Group
San Francisco,
California
|
+$2.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$153M |
| 2 |
Jane Street
New York
|
-$5.19M |
| 3 |
SCA
Stuart Chaussee & Associates
Palos Verdes Estates,
California
|
-$3.49M |
| 4 |
Morgan Stanley
New York
|
-$1.4M |
| 5 |
Barclays
London,
United Kingdom
|
-$748K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GT
51
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$21K | -700 | Closed |
|
|
CTC
52
Central Trust Company
Jefferson City,
Missouri
| – | -$5K | -150 | Closed |
|
|
BCM
53
Birch Capital Management
Dallas,
Texas
| – | -$2K | -60 | Closed |
|
54
JP Morgan Chase
New York
| – | -$1K | -40 | Closed |
|
55
Wells Fargo
San Francisco,
California
| – | -$339 | -10 | Closed |
|
|
MAM
56
McCarthy Asset Management
Redwood Shores,
California
| – | +$339 | +10 | New |
|
TECL Hedge Fund Activity: Q4 2020 in Review
44 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Technology Bull 3x ETF (TECL) for Q4 2020, worth a combined $95.9M — down 52% from $199M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of TECL and 9 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 16 added.
The largest buyer was Citadel Advisors, adding an estimated $12.5M. The largest seller was Citigroup, exiting entirely with an estimated $153M sold.
- 44 institutional investors held Direxion Daily Technology Bull 3x ETF (TECL) as of Q4 2020, down from 47 in Q3 2020.
- Funds reported $95.9M of Direxion Daily Technology Bull 3x ETF stock for Q4 2020, down 52% quarter-over-quarter.
- 9 funds opened new Direxion Daily Technology Bull 3x ETF positions in Q4 2020 and 12 closed out, a net change of -3 holders.
- The largest Direxion Daily Technology Bull 3x ETF buyer in Q4 2020 was Citadel Advisors, an estimated $12.5M added.
- The largest Direxion Daily Technology Bull 3x ETF seller in Q4 2020 was Citigroup, an estimated $153M sold.
Based on aggregated 13F filings for Q4 2020.