Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (FAZ)

25 + Investors. Track Smart Money conviction in FAZ. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
52%

Smart Money Signals — FAZ

Based on 25 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their FAZ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
25 funds currently hold this stock — 93% of the 3.0-year high of 27 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+1 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

17 buying16 selling
Last quarter: 17 funds bought or added vs 16 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~6 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 6 → 8 → 11 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 28% medium ■ 16% new
14 out of 25 hedge funds have held FAZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -12%, value -32%

Value
-31%
Shares
-11%
Last quarter: funds added -12% more shares while total portfolio value only changed -32%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~6 new funds/quarter

5 → 6 → 8 → 11 → 6 new funds/Q
New funds entering each quarter: 6 → 8 → 11 → 6. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 71% veterans vs 13% newcomers

■ 71% veterans ■ 16% 1-2yr ■ 13% new
Entry-cohort mix of 31 holders: 22 (71%) are 2+ year veterans, 5 entered 1–2 years ago, and 4 (13%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 18% AUM from top-100

18% from top-100 AUM funds
8 of 25 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — FAZ

In 2026 Q2, 17 hedge funds were net buyers of FAZ (6 opened a new position, 11 added to an existing one), while 16 reduced or exited (8 trimmed, 8 sold completely) — a 52% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 25.

Hedge Fund Ownership: FAZ

How many hedge funds hold FAZ — quarterly history vs. share price
Quarterly hedge fund ownership of FAZ vs. share price

Market Analysis: FAZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FAZ

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: FAZ
25 + Investors

Track Smart Money conviction in FAZ. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 25 27 -7.41%
13F Shares 1M 2M -11.94%
Total Value $55M $80M -31.64%
New Positions 6 11 -5
Increased Positions 10 7 +3
Closed Positions 8 4 +4
Reduced Positions 6 6 -
Total Calls 3 3 -
Total Puts 3 3 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: FAZ

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

25 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FAZ. Verified SEC 13F-HR filings.

QUARTER:
Top 25 FAZ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Two Sigma Securities, LLC 0.09% 27,359 $1.1M
2 Gts Securities LLC 0.06% 73,633 $2.9M
3 Wexford Capital LP 0.03% 6,445 $254K
4 XTX Topco Ltd 0.02% 38,312 $1.5M
5 Quadrature Capital Ltd 0.01% 29,666 $1.2M
6 SBI Securities Co., Ltd. 0.00% 2,778 $109K
7 Westend Capital Management, LLC 0.00% 215 $8K
8 Tower Research Capital LLC (TRC) 0.00% 1,774 $70K
9 Ashton Thomas Private Wealth, LLC 0.00% 2,080 $82K
10 Susquehanna International Group, LLP 0.00% 530,100 $20.9M
11 Renaissance Technologies LLC 0.00% 12,000 $473K
12 Squarepoint Ops LLC 0.00% 13,341 $526K
13 Citadel Advisors LLC 0.00% 118,580 $4.7M
14 Susquehanna International Group, LLP 0.00% 164,567 $6.5M
15 Citadel Advisors LLC 0.00% 88,530 $3.5M
16 Susquehanna International Group, LLP 0.00% 95,200 $3.7M
17 Simplex Trading, LLC 0.00% 10,422 $411K
18 Citadel Advisors LLC 0.00% 40,955 $1.6M
19 Jane Street Group, LLC 0.00% 53,840 $2.1M
20 Group One Trading LLC 0.00% 2,871 $113K
21 Goldman Sachs Group Inc 0.00% 31,608 $1.2M
22 Jane Street Group, LLC 0.00% 29,640 $1.2M
23 Jane Street Group, LLC 0.00% 16,301 $642K
24 Osaic Holdings, INC. 0.00% 700 $28K
25 UBS Group AG 0.00% 2,910 $115K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Direxion Shares ETF Trust (FAZ)

What does the Smart Money Trend signal show for FAZ?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their FAZ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for FAZ?

Slight buying edge — 52% buying: Last quarter: 17 funds bought or added vs 16 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FAZ holders?

Smaller funds dominant — 18% AUM from top-100: 8 of 25 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FAZ?

56% of holders stayed for 2+ years: 14 out of 25 hedge funds have held FAZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →