Direxion Daily Financial Bull 3x Shares

FAS • ARCA

Direxion Daily Financial Bull 3x Shares is an exchange-traded fund on ARCA. As of Q3 2025, 82 institutional investors hold shares in this ETF, with total holdings valued at $168.7M. CITADEL ADVISORS LLC is the largest holder with a position valued at $35.9M.

Overview

Overview of institutional ownership in FAS as of Q3 2025

All Institutions

Institutions: 82
Value Held: $168.7M
Shares Held: 948.3K
Avg Position: $2.1M
Median Position: $503.5K

Hedge Funds

Hedge Funds: 2
Value Held: $39.8M
Shares Held: 223.6K
Avg Position: $19.9M
Median Position: $19.9M

Biggest Investors

Institutions with the largest positions in FAS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$35.9M 0.03% of portfolio	201.9K shares	Q2 2014 Held for 11y 5m	$122.08B
S SIMPLEX TRADING, LLC Institution	-	$14.0M 0.34% of portfolio	78.8K shares	Q4 2019 Held for 5y 11m	$4.1B
T Torrey Growth & Income Advisors RIA/Wealth	George Richard Hoover Managing Partner	$13.7M 4.05% of portfolio	77.3K shares	Q3 2025 Held for 2 months	$339.8M
IMC-Chicago, LLC RIA/Wealth	Donald Louis Michael CEO	$9.6M 0.17% of portfolio	54.1K shares	Q2 2025 Held for 5 months	$5.6B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$8.9M 0.00% of portfolio	50.0K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
A Atlantic Trust Group, LLC Institution	-	$6.6M 0.01% of portfolio	36.9K shares	Q1 2020 Held for 5y 8m	$58.4B
G GTS SECURITIES LLC Institution	-	$5.9M 0.23% of portfolio	33.0K shares	Q2 2023 Held for 2y 5m	$2.5B
J JANE STREET GROUP, LLC Institution	-	$5.8M 0.01% of portfolio	32.6K shares	Q1 2014 Held for 11y 8m	$84.1B
Integrated Wealth Concepts LLC RIA/Wealth	Paul Anton Saganey Founder	$5.2M 0.05% of portfolio	29.3K shares	Q2 2023 Held for 2y 5m	$11.1B
V Virtu Financial LLC Institution	-	$4.4M 0.27% of portfolio	24.7K shares	Q3 2025 Held for 2 months	$1.6B

Net Capital Flow

Institutional buying and selling activity for FAS in Q3 2025

Traded: −$6.4M
Buyers: 33
Sellers: 35
Total Bought: +$50.4M
Total Sold: −$56.8M
Avg Position: $1.8M

Biggest Buyers

Institution	Net Bought	Current Position
T Torrey Growth & Income Advisors RIA/Wealth	+$13.7M +77.3K shares	$13.7M 77.3K shares
IMC-Chicago, LLC RIA/Wealth	+$7.7M +43.2K shares	$9.6M 54.1K shares
J JANE STREET GROUP, LLC Institution	+$4.9M +27.5K shares	$5.8M 32.6K shares
V Virtu Financial LLC Institution	+$4.4M +24.7K shares	$4.4M 24.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$3.9M +21.7K shares	$3.9M 21.7K shares
C Colony Group, LLC Institution	+$3.4M +19.2K shares	$3.4M 19.2K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$3.0M +16.8K shares	$3.0M 16.8K shares
H HRT FINANCIAL LLC Institution	+$2.7M +15.2K shares	$2.7M 15.2K shares
Q Quadrature Capital Ltd Institution	+$2.2M +12.6K shares	$2.2M 12.6K shares
T TWO SIGMA SECURITIES, LLC Institution	+$1.3M +7.3K shares	$1.3M 7.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
G GTS SECURITIES LLC Institution	−$14.3M −80.3K shares	$5.9M 33.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$13.4M −75.3K shares	$35.9M 201.9K shares
L LPL Financial LLC Institution	−$6.9M −38.8K shares	$1.5M 8.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$6.7M −37.4K shares	$3.9M 21.7K shares
S SIMPLEX TRADING, LLC Institution	−$4.6M −25.9K shares	$14.0M 78.8K shares
ELEVATUS WELATH MANAGEMENT RIA/Wealth	−$2.6M −14.4K shares	$2.7M 15.2K shares
UBS Group AG Institution	−$1.9M −10.9K shares	$268.1K 1.5K shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$1.3M −8.0K shares	Sold Off 0 shares
T Tower Research Capital LLC Institution	−$1.3M −7.2K shares	$591.0K 3.3K shares
J Jump Financial, LLC Institution	−$836.8K −4.7K shares	$656.8K 3.7K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FAS in Q3 2025

New Positions: 8
New Value: $18.8M
Exited Positions: 11
Exited Value: $2.6M

New Positions

Institution	Position Value
T Torrey Growth & Income Advisors RIA/Wealth	$13.7M 77.3K shares
C Colony Group, LLC Institution	$3.4M 19.2K shares
FERGUSON WELLMAN CAPITAL MANAGEMENT, INC RIA/Wealth	$517.9K 2.9K shares
Acropolis Investment Management, LLC RIA/Wealth	$429.9K 2.6K shares
Kaizen Financial Strategies RIA/Wealth	$237.6K 1.5K shares
J J.W. COLE ADVISORS, INC. Institution	$206.3K 1.2K shares
Cresset Asset Management, LLC RIA/Wealth	$202.1K 1.1K shares
R Root Financial Partners, LLC RIA/Wealth	$15.2K 85.0 shares

Exited Positions

Institution	Previous Position
S Squarepoint Ops LLC Hedge Fund•Quant	$1.3M 8.0K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$320.5K 1.9K shares
E EverSource Wealth Advisors, LLC RIA/Wealth	$252.9K 1.5K shares
Lido Advisors, LLC RIA/Wealth	$223.4K 1.3K shares
INTL FCSTONE INC. Institution	$214.8K 1.3K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$154.8K 918.0 shares
B Beacon Capital Management, LLC RIA/Wealth	$31.7K 188.0 shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	$5.7K 33.0 shares
Strategic Wealth Designers RIA/Wealth	$3.4K 20.0 shares
Spire Wealth Management RIA/Wealth	$1.7K 10.0 shares

Options Activity

Institutions with the largest Call and Put options positions in FAS as of Q3 2025

Call Positions: 6
Call Value: $497.6M
Put Positions: 7
Put Value: $166.8M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$167.9M 9.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$146.1M 8.2K contracts
J JANE STREET GROUP, LLC Institution	$99.8M 5.6K contracts
W WOLVERINE TRADING, LLC Institution	$78.7M 4.4K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$3.4M 190.0 contracts
Walleye Trading LLC RIA/Wealth	$1.8M 100.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$87.4M 4.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$32.1M 1.8K contracts
J JANE STREET GROUP, LLC Institution	$24.8M 1.4K contracts
W WOLVERINE TRADING, LLC Institution	$16.5M 914.0 contracts
CLOUGH CAPITAL PARTNERS L P Hedge Fund•Long/Short	$5.6M 314.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$480.3K 27.0 contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Most Committed Institutions

Institutions with FAS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
T Torrey Growth & Income Advisors RIA/Wealth	George Richard Hoover Managing Partner	4.05% $13.7M	77.3K shares	Q3 2025 Held for 2 months	$339.8M
ELEVATUS WELATH MANAGEMENT RIA/Wealth	Susan Elizabeth Dahl Managing Partner	0.78% $2.7M	15.2K shares	Q2 2025 Held for 5 months	$345.6M
MARK SHEPTOFF FINANCIAL PLANNING, LLC RIA/Wealth	Richard Houghton Stowe President	0.51% $1.1M	6.0K shares	Q1 2014 Held for 11y 8m	$207.4M
S SIMPLEX TRADING, LLC Institution	-	0.34% $14.0M	78.8K shares	Q4 2019 Held for 5y 11m	$4.1B
FINANCIAL ADVISORY CORP /UT/ /ADV RIA/Wealth	Markell Anthony Staffieri CEO	0.30% $1.1M	5.9K shares	Q2 2022 Held for 3y 5m	$345.3M
Avestar Capital, LLC RIA/Wealth	Shilpa Konduri Mullan President	0.30% $4.2M	23.6K shares	Q4 2024 Held for 11 months	$1.4B
V Virtu Financial LLC Institution	-	0.27% $4.4M	24.7K shares	Q3 2025 Held for 2 months	$1.6B
G GTS SECURITIES LLC Institution	-	0.23% $5.9M	33.0K shares	Q2 2023 Held for 2y 5m	$2.5B
T TWO SIGMA SECURITIES, LLC Institution	-	0.19% $1.3M	7.3K shares	Q1 2025 Held for 8 months	$675.6M
IMC-Chicago, LLC RIA/Wealth	Donald Louis Michael CEO	0.17% $9.6M	54.1K shares	Q2 2025 Held for 5 months	$5.6B

Hedge Fund Spotlight

Discover hedge funds investing in FAS

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in Direxion Daily Financial Bull 3x Shares

Market Value: $3.9M
Shares Held: 21.7K
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%