Direxion Daily Technology Bull 3x ETF
TECL
50 hedge funds and large institutions have $38.9M invested in Direxion Daily Technology Bull 3x ETF in 2022 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 15 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
24% more call options, than puts
Call options by funds: $138M | Put options by funds: $111M
0.58% more ownership
Funds ownership: 2.27% → 2.84% (+0.58%)
9% less funds holding
Funds holding: 55 → 50 (-5)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
40% less capital invested
Capital invested by funds: $64.8M → $38.9M (-$25.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
Hoey Investments
Coatesville,
Pennsylvania
|
+$6.76M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$5.57M |
| 3 |
LJAC
L.J. Altfest & Co
New York
|
+$2.52M |
| 4 |
Squarepoint
New York
|
+$2.25M |
| 5 |
HF
HRT Financial
New York
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$4.71M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
-$2.53M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.96M |
| 4 |
Group One Trading
Chicago,
Illinois
|
-$1.8M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$952K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WMA
51
West Michigan Advisors
Holland,
Michigan
| – | -$307K | -5,000 | Closed |
|
|
GA
52
Gateway Advisory
Westfield,
New Jersey
| – | -$261K | -4,250 | Closed |
|
53
Bank of America
Charlotte,
North Carolina
| – | -$257K | -4,181 | Closed |
|
|
MCM
54
Mainstay Capital Management
Grand Blanc,
Michigan
| – | -$255K | -4,148 | Closed |
|
55
Creative Planning
Overland Park,
Kansas
| – | -$215K | -3,500 | Closed |
|
|
BAM
56
Belpointe Asset Management
Reno,
Nevada
| – | -$171K | -2,786 | Closed |
|
57
Koshinski Asset Management
Decatur,
Illinois
| – | -$52.2K | -850 | Closed |
|
|
MCC
58
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$40K | -646 | Closed |
|
|
CG
59
Cutler Group
San Francisco,
California
| – | -$11.6K | -291 | -96% |
|
60
Optiver Holding
Amsterdam,
Netherlands
| – | -$10K | -171 | Closed |
|
|
AF
61
Advisornet Financial
Minnetonka,
Minnesota
| – | -$2K | -30 | Closed |
|
62
National Bank of Canada
Montreal,
Quebec, Canada
| – | +$795 | +20 | New |
|
TECL Hedge Fund Activity: Q2 2022 in Review
50 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Technology Bull 3x ETF (TECL) for Q2 2022, worth a combined $38.9M — down 40% from $64.8M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of TECL and 10 opened new positions — a net loss of 5 holders — while 12 trimmed existing stakes and 18 added.
The largest buyer was Hoey Investments, opening a new position worth an estimated $6.76M. The largest seller was UBS Group, cutting an estimated $4.71M.
- 50 institutional investors held Direxion Daily Technology Bull 3x ETF (TECL) as of Q2 2022, down from 55 in Q1 2022.
- Funds reported $38.9M of Direxion Daily Technology Bull 3x ETF stock for Q2 2022, down 40% quarter-over-quarter.
- 10 funds opened new Direxion Daily Technology Bull 3x ETF positions in Q2 2022 and 15 closed out, a net change of -5 holders.
- The largest Direxion Daily Technology Bull 3x ETF buyer in Q2 2022 was Hoey Investments, an estimated $6.76M added.
- The largest Direxion Daily Technology Bull 3x ETF seller in Q2 2022 was UBS Group, an estimated $4.71M sold.
Based on aggregated 13F filings for Q2 2022.