This article first appeared on GuruFocus .
Direxion Daily Technology Bull 3X ETF ( TECL ) posted a net outflow of $950.0 million in Thursday's session, with $950.0 million sold and no purchases across its $5.95 billion in assets. TECL increased no positions and decreased 74, leaving its largest weights slightly trimmed.
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What did TECL sell on Thursday?
Its largest sells by dollar value were NVDA ($146.3 million), AAPL ($144.1 million) and MSFT ($111.4 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| NVIDIA CORP ( NVDA ) |
-684,881 |
-$146.3M |
14.93% of fund |
| APPLE INC ( AAPL ) |
-413,028 |
-$144.1M |
14.38% of fund |
| MICROSOFT CORP ( MSFT ) |
-210,149 |
-$111.4M |
11.30% of fund |
| ADVANCED MICRO DEVICES ( AMD ) |
-83,634 |
-$47.4M |
4.90% of fund |
| BROADCOM INC ( AVGO ) |
-134,644 |
-$46.5M |
4.80% of fund |
The biggest sale was NVIDIA ( NVDA ), where TECL cut 684,881 shares worth $146.3 million, taking its weight to 14.93%. Apple ( AAPL ) followed with 413,028 shares sold for $144.1 million, reducing its weight to 14.38%, while Microsoft ( MSFT ) shed 210,149 shares valued at $111.4 million for an 11.3% weight. Advanced Micro Devices ( AMD ) fell by 83,634 shares worth $47.4 million and Broadcom ( AVGO ) by 134,644 shares worth $46.5 million. No new positions were opened and no holdings were fully exited.
How does TECL invest?
TECL is an alternative equity leveraged fund offering 3.0x exposure, holding 75 stocks with 64.6% of assets in its 10 largest holdings. All of its classified stocks sit in technology, and its market-cap mix is 100.0% large cap. Its top holdings are NVIDIA at 14.99%, Apple at 14.76%, Microsoft at 11.41%, Advanced Micro Devices at 4.85% and Broadcom at 4.76%. The fund has a GF Score of 90, a P/E of 32.04, a P/B of 10.76, a dividend yield of 0.48% and a year-to-date return of 47.76%.
Direxion Daily Technology Bull 3X ETF ( TECL ) at a glance
| Measure |
Value |
|---|---|
| Category |
Alternative Equity Leveraged |
| Asset class |
Equity |
| Leverage |
3x |
| Holdings |
75 |
| Top 10 holdings |
64.6% of assets |
| Largest sectors |
Technology 100.0% |
| Market-cap mix |
Large 100.0%, mid 0.0%, small 0.0% |
| 90/100 |
|
| P/E |
32.04 |
| P/B |
10.76 |
| Dividend yield |
0.48% |
| Year-to-date return |
+47.76% |
| Top holdings |
NVDA (14.99%), AAPL (14.76%), MSFT (11.41%), AMD (4.85%), AVGO (4.76%) |
Holdings, performance and fees for TECL are on its fund summary page ; the ETF Screener lines it up against its peers. Its biggest sell this time, NVDA, has its own GF Value page and stock summary .
What should investors watch next for TECL?
Watch whether TECL keeps trimming its top holdings, led by NVIDIA at 14.93% and Apple at 14.38%, in the next holdings update. Any reversal to buying would signal a shift after this sell-only session.
Based on holdings changes reported by Direxion Daily Technology Bull 3X ETF ( TECL ) for Oct. 29, 2026, US-listed stocks only.
What else did ETFs trade on Thursday?
-
ETFs Are Net Sellers of NVIDIA ( NASDAQ:NVDA ) on Oct. 29
-
ETFs Are Net Sellers of Apple ( NASDAQ:AAPL ) on Oct. 29
-
ETFs Are Net Sellers of Microsoft ( NASDAQ:MSFT ) on Thursday
-
ETFs Are Net Sellers of Advanced Micro Devices ( NASDAQ:AMD ) on Oct. 29
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ETFs Are Net Sellers of Broadcom ( NASDAQ:AVGO ) on Thursday
