Fund · Direxion Daily Regional Banks Bull 3X Shares · measured from SEC filings
DPST holdings
DPST reports 169 holdings and behaves like 39.8 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-07-31. The fact sheet publishes the first number; this page computes the second, and traces it across 27 quarters of filings.
Measured concentration
as of 2026-07-31This figure is not comparable with other funds
swap and futures notional is 232% of net assets: the fund's exposure is delivered by derivatives, and a count of its filed positions does not describe it. See the exposure section for what the notional is written on
13.6% of net assets is securities-lending cash collateral, excluded from the figure; counted as filed the fund would read 19.8
The figure below is what the filing says, published unchanged. What it may not do is sit beside a plain long-only fund and be read as the same quantity. How comparability is decided.
Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 80.63% at a quoted market price (level 1), 2 issuer countries.
What stands out
as of 2026-07-31The largest line in DPST's filing is not a stock but Goldman Sachs FIN GOV 465 Institut, a short-term position at 8.07% of net assets. Between the 2026-01-31 and 2026-04-30 filings 6 positions were added and 3 dropped; 14.1% of the weight moved.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.
Every filing since 2019
27| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-04-30 * | 158 | 47.1 | 30.9% | 8.44% |
| 2026-01-31 * | 155 | 55.4 | 27.22% | 6.47% |
| 2025-10-31 * | 154 | 25.9 | 39.63% | 13% |
| 2025-07-31 * | 151 | 30.1 | 39.28% | 13.54% |
| 2025-04-30 * | 145 | 17.3 | 50.19% | 17.42% |
| 2025-01-31 * | 149 | 37.3 | 40.64% | 8.36% |
| 2024-10-31 * | 153 | 27.4 | 49.14% | 11.16% |
| 2024-07-31 * | 151 | 35.6 | 40.16% | 10.12% |
Earlier filings (19 more, back to 2019-10-31)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-04-30 * | 144 | 31.8 | 36.68% | 13.28% |
| 2024-01-31 * | 145 | 24.9 | 44.02% | 16.24% |
| 2023-10-31 * | 144 | 32.1 | 38.28% | 12.74% |
| 2023-07-31 * | 148 | 25.3 | 49.47% | 11.42% |
| 2023-04-30 * | 149 | 33.7 | 39.12% | 11.92% |
| 2023-01-31 * | 149 | 22.8 | 37.26% | 18.18% |
| 2022-10-31 * | 150 | 21.4 | 43.88% | 13.81% |
| 2022-07-31 * | 150 | 15.5 | 47.34% | 20.56% |
| 2022-04-30 * | 143 | 26.4 | 41.55% | 11.1% |
| 2022-01-31 * | 146 | 47.5 | 30.7% | 8.78% |
| 2021-10-31 * | 139 | 6.3 | 78.18% | 33.94% |
| 2021-07-31 * | 137 | 20.1 | 44.48% | 13.75% |
| 2021-04-30 * | 140 | 24 | 37.56% | 17.32% |
| 2021-01-31 * | 134 | 21.6 | 46% | 16.93% |
| 2020-10-31 * | 131 | 13.6 | 59.2% | 18.7% |
| 2020-07-31 * | 134 | 17.2 | 40.78% | 21.69% |
| 2020-04-30 * | 128 | 18.5 | 54.58% | 15.39% |
| 2020-01-31 * | 124 | 10.9 | 51.13% | 27.81% |
| 2019-10-31 * | 126 | 17.7 | 43.93% | 20.72% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
As filed, collateral included
13.63% collateralDPST's filing lists 170 positions including 13.63% of net assets in securities-lending cash collateral. Counted as filed the fund reads 19.8 effective holdings with a top ten of 58.1%; on its own investments — the figure above — it reads 39.8 with a top ten of 40.24%. The collateral is matched by a liability and is not a holding the fund chose; since 2026-09-18 every figure on this site sets it aside (methodology). Both numbers are in the data.
Largest positions, as filed
as of 2026-04-30The 15 largest of 169 positions in DPST's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: DPST.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | GOLDMAN SACHS LIQ ES FD A | 9.35% | 9.3% |
| 2 | DREYFUS | 6.31% | 15.7% |
| 3 | GOLDMAN FINANCIAL | 5.55% | 21.2% |
| 4 | East West Bancorp Inc | 1.29% | 22.5% |
| 5 | Western Alliance Bancorp | 1.26% | 23.8% |
| 6 | Popular, Inc. | 1.26% | 25.0% |
| 7 | PINNACLE FINANCIAL PARTNERS INC | 1.25% | 26.3% |
| 8 | ZIONS BANCORP NA | 1.24% | 27.5% |
| 9 | Valley National Bancorp. | 1.22% | 28.7% |
| 10 | Associated Banc-Corp | 1.22% | 30.0% |
| 11 | UMB Financial Corp. | 1.22% | 31.2% |
| 12 | FLAGSTAR BANK NA | 1.21% | 32.4% |
| 13 | Truist Financial Corp. | 1.21% | 33.6% |
| 14 | Wintrust Financial Corporation | 1.20% | 34.8% |
| 15 | CITIZENS FINANCIAL GROUP INC | 1.20% | 36.0% |
By country of issuer
as of 2026-04-30Share of DPST's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.
| Country | Share |
|---|---|
| United States | 97.87% |
| Puerto Rico° | 2.13% |
Returns the fund reported
2019-08 – 2026-04Monthly total returns from Item B.5 of DPST's own filings, 81 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: DPST.json · all funds.
Who borrows DPST's shares
2026-07-31The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-07-31, $9m was out to 6 borrowers. The largest, BARCLAYS BANK PLC, held 58.5% of it.
| Borrower | On loan | Share of the loan |
|---|---|---|
| BARCLAYS BANK PLC | $6m | 58.5% |
| BARCLAYS CAPITAL INC. | $2m | 19.0% |
| Wells Fargo Securities LLC | $2m | 17.4% |
| UBS AG | $337,029 | 3.6% |
| CF SECURED LLC | $140,358 | 1.5% |
The filing reports no cash collateral position against this loan. Collateral taken in a form the fund does not hold as a position does not appear in N-PORT, so this is silence rather than absence. What the collateral figure can and cannot show. Every quarter DPST has filed, with each borrower: DPST.json · all funds.
Since the previous filing
2026-01-31 → 2026-04-30149 positions became 152: 6 added (0.6% of the fund at the later date), 3 dropped (0.4% at the earlier date). Half the sum of all weight changes, a turnover proxy: 14.1%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of DPST compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-01-31 | 2026-04-30 | Largest decreases | 2026-01-31 | 2026-04-30 |
|---|---|---|---|---|---|
| GOLDMAN SACHS LIQ ES FD A | 3.43% | 8.44% | GOLDMAN FINANCIAL | 6.43% | 5.01% |
| N/A | 6.57% | 9.72% | DREYFUS | 6.47% | 5.70% |
| First Financial Bancorp. | 0.35% | 0.57% | M&T BANK CORP | 1.57% | 1.05% |
| CVB Financial | 0.38% | 0.61% | Southstate Bank Corp. | 1.55% | 1.03% |
| FIRST INTERSTATE BANCSYSTEM INC | 0.74% | 0.95% | Cullen/Frost Bankers, Inc. | 1.53% | 1.06% |
| BOK FINANCIAL CORP | 0.83% | 1.03% | CITIZENS FINANCIAL GROUP INC | 1.56% | 1.08% |
New: MECHANICS BANCORP (0.17%), CALIFORNIA BANCORP (0.10%), HOMETRUST BANCSHARES INC (0.08%), SMARTFINANCIAL INC (0.08%), SOUTH PLAINS FINANCIAL INC (0.07%), REPUBLIC BANCORP INC (0.06%). Gone: MidWestOne Financial Group Inc. (0.13%), First Foundation Inc. (0.12%), Heritage Commerce Corp. (0.10%).
Asset categories and pricing
as of 2026-07-31| Asset category (as filed) | Share of investments |
|---|---|
| equity EC | 53.39% |
| short-term investment STIV | 25.43% |
| DO DO | 21.18% |
80.6% of DPST is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.
Derivative exposure and counterparties
as of 2026-04-30A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $496M. Notional of an interest-rate or currency swap is not equity exposure.
| Swap counterparty | Notional | % of net assets |
|---|---|---|
| Barclays Bank plc | $334M | 67.27% |
| CITIBANK, NATIONAL ASSOCIATION | $209M | 42.22% |
| UBS AG | $203M | 41.01% |
| Societe Generale SA | $143M | 28.81% |
| Goldman Sachs & Co. LLC | $108M | 21.86% |
| Bank of America NA | $98M | 19.68% |
| JPMorgan Securities LLC | $55M | 11.08% |
Financing leg as filed: the fund pays 1 month Sofr + spread + 4.389% on $1.15B of long swap notional . Issuers fill the spread field differently (some file the all-in rate), so compare within an issuer, not across.
Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).
Neighbours by effective holdings, equity funds
10Every measured equity fund lined up by how many holdings it behaves like; these sit either side of DPST (39.8). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| XCHG AB US Equity ETF | 589 | 39.5 | 42.42% | 2026-05-31 |
| REET iShares Global REIT ETF | 346 | 39.6 | 41.71% | 2026-07-31 |
| XAR State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF | 50 | 39.7 | 30.39% | 2026-06-30 |
| TCAF T. Rowe Price Capital Appreciation Equity ETF | 91 | 39.8 | 40.96% | 2026-06-30 |
| FDMO Fidelity Momentum Factor ETF | 137 | 39.8 | 39.28% | 2026-07-31 |
| JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 110 | 39.9 | 41.86% | 2026-06-30 |
| NGIF Nuveen Global Infrastructure Fund | 67 | 40.1 | 38.81% | 2026-06-30 |
| QLD ProShares Ultra QQQ | 127 | 40.3 * | 37.77% | 2026-05-31 |
| JTEK JPMorgan U.S. Tech Leaders ETF | 62 | 40.3 | 38.09% | 2026-06-30 |
| HEDJ WisdomTree Europe Hedged Equity Fund | 137 | 40.3 | 41.38% | 2026-06-30 |
Essays that examine DPST
0Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.