# Portfolio overlap — DFEN vs FSDAX

Comparing **Direxion Daily Aerospace & Defense Bull 3X Shares** (2026-04-30) and **Select Defense and Aerospace Portfolio** (2026-02-28).

- Shared positions: 24
- Direxion Daily Aerospace & Defense Bull 3X Shares covered by Select Defense and Aerospace Portfolio: 0.5766898620889885830581257169
- Select Defense and Aerospace Portfolio covered by Direxion Daily Aerospace & Defense Bull 3X Shares: 0.5766898620889885830581257169

## Direxion Daily Aerospace & Defense Bull 3X Shares — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| DREYFUS GOVT CASH MGMT FUND | 0.200052 |  |
| GENERAL ELECTRIC CO | 0.134410 | ✓ |
| RTX CORP | 0.104466 | ✓ |
| BOEING CO/THE | 0.070908 | ✓ |
| GOLDMAN SACHS FIN GOV 465 INSTITUT | 0.037167 |  |
| GOLDMAN FINL SQ TRSRY INST 506 | 0.035996 |  |
| GENERAL DYNAMICS CORPORATION | 0.033082 | ✓ |
| HOWMET AEROSPACE INC | 0.032836 | ✓ |
| US ULTRA BOND CBT Sep25 | 0.032019 |  |
| TRANSDIGM GROUP INC | 0.031340 | ✓ |
| L3HARRIS TECHNOLOGIES INC | 0.029919 | ✓ |
| LOCKHEED MARTIN CORP | 0.027115 | ✓ |
| NORTHROP GRUMMAN CORP | 0.026871 | ✓ |
| ROCKET LAB CORP | 0.022614 | ✓ |
| AXON ENTERPRISE INC | 0.018485 | ✓ |
| CURTISS WRIGHT CORPORATION | 0.015480 | ✓ |
| FTAI AVIATION LT | 0.014933 |  |
| WOODWARD INC | 0.012616 | ✓ |
| CARPENTER TECHNOLOGY CORP | 0.012436 | ✓ |
| ATI INC | 0.012315 | ✓ |
| BWX TECHNOLOGIES INC | 0.011536 |  |
| TEXTRON INC | 0.009744 | ✓ |
| HEICO CORP CL A | 0.009449 | ✓ |
| HUNTINGTON INGALLS INDUSTRIES INC | 0.008336 | ✓ |
| KRATOS DEFENSE and SEC SOLTN INC | 0.006787 |  |
| HEICO CORP | 0.006336 |  |
| MOOG INC-CLASS A | 0.004994 |  |
| HEXCEL CORPORATION | 0.004152 |  |
| AEROVIRONMENT INC | 0.003617 | ✓ |
| DREYFUS TRSRY SECURITIES CASH MGMT | 0.003237 |  |
| KARMAN HOLDINGS INC | 0.003042 | ✓ |
| VSE CORP | 0.002882 |  |
| STANDARDAERO INC | 0.002749 | ✓ |
| AAR CORP | 0.002512 |  |
| MERCURY SYSTEMS INC | 0.002430 | ✓ |
| ARCHER AVIATION INC A | 0.002060 |  |
| LEONARDO DRS INC | 0.001828 | ✓ |
| INTUITIVE MACHINES INC A | 0.001662 |  |
| ASTRONICS CORP | 0.001316 |  |
| LOAR HOLDINGS INC | 0.001164 |  |
| DUCOMMUN INC | 0.001138 |  |
| V2X INC | 0.000810 |  |
| RED CAT HOLDINGS INC | 0.000718 |  |
| CADRE HOLDINGS I | 0.000499 |  |
| NATL PRESTO INDS | 0.000431 |  |
| REDWIRE CORP | 0.000416 |  |
| STURM RUGER & CO | 0.000403 |  |
| SMITH & WESSON B | 0.000403 |  |
| BETA TECHNOLOGIES INC | 0.000287 | ✓ |

## Select Defense and Aerospace Portfolio — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| GENERAL ELECTRIC CO | 0.223955 | ✓ |
| RTX CORP | 0.134527 | ✓ |
| BOEING CO/THE | 0.109625 | ✓ |
| HOWMET AEROSPACE INC | 0.049713 | ✓ |
| HEICO CORP CL A | 0.041185 | ✓ |
| GENERAL DYNAMICS CORPORATION | 0.040944 | ✓ |
| CURTISS WRIGHT CORPORATION | 0.031479 | ✓ |
| ROLLS-ROYCE HOLDINGS PLC | 0.027846 |  |
| WOODWARD INC | 0.027489 | ✓ |
| CARPENTER TECHNOLOGY CORP | 0.027333 | ✓ |
| AXON ENTERPRISE INC | 0.025674 | ✓ |
| ROCKET LAB CORP | 0.024842 | ✓ |
| HUNTINGTON INGALLS INDUSTRIES INC | 0.024609 | ✓ |
| BOMBARDIER INC-B | 0.023768 |  |
| TEXTRON INC | 0.022456 | ✓ |
| TRANSDIGM GROUP INC | 0.021759 | ✓ |
| ATI INC | 0.019934 | ✓ |
| L3HARRIS TECHNOLOGIES INC | 0.018951 | ✓ |
| STANDARDAERO INC | 0.015891 | ✓ |
| NORTHROP GRUMMAN CORP | 0.014368 | ✓ |
| LOCKHEED MARTIN CORP | 0.012403 | ✓ |
| Fidelity Securities Lending Cash Central Fund | 0.011574 |  |
| MERCURY SYSTEMS INC | 0.010106 | ✓ |
| KARMAN HOLDINGS INC | 0.009063 | ✓ |
| CACI INTL-A | 0.008750 |  |
| BAE SYSTEMS PLC | 0.008029 |  |
| LEONARDO DRS INC | 0.007514 | ✓ |
| Fidelity Cash Central Fund | 0.004230 |  |
| AEROVIRONMENT INC | 0.001903 | ✓ |
| BETA TECHNOLOGIES INC | 0.000079 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001193125-26-287429` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/1424958/000119312526287429/0001193125-26-287429-index.htm>
- N-PORT (fund B) — accession `0000035402-26-002654` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/320351/000003540226002654/0000035402-26-002654-index.htm>

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