Crenshaw’s $1k–$15k Direxion Financial Bull 3X Position Up 98.1%
Republican Congressman Dan Crenshaw lost his Texas primary and will exit Congress in January 2027 after one term. His $1,000–$15,000 purchase of Direxion Financial Bull 3X Shares on October 25, 2022 has gained 98.1% through March 4, 2026.
1. Crenshaw’s Primary Defeat and Departure
Dan Crenshaw was defeated in his March 2026 Texas primary by Steve Toth and will leave office in January 2027, concluding his single House term. His exit ends the requirement to publicly disclose any future stock trades.
2. FAS Purchase and Returns Since 2022
On October 25, 2022, Crenshaw acquired between $1,000 and $15,000 of Direxion Financial Bull 3X Shares, a triple-leveraged ETF targeting daily financial sector returns. That position has appreciated by 98.1% as of March 4, 2026, excluding dividends.
3. Implications for FAS Investors Post-Disclosure
With Crenshaw’s departure, investors will lose insight into his trading activity, reducing visibility on large retail positions in leveraged ETFs like FAS. Market participants must now evaluate FAS’s volatility and leverage risks without the benefit of his prior disclosures.