Apex QR-M490-A Bit Tip Holder - 1/4" Hex Drive for 1/4" Hex Insert, Magnetic, Quick-Release Features A Quick-Release Sleeve To Easily Remove And Release 1/4" Hex Insert Bits. Once The Bit Is In Place, It Is Securely Held Until It Is Released Again By Pulling Back The Sleeve. Also Comes With A Magnet That Keeps The Screw On The Bit And Not On The Floor. Apex Quick-Release Bit Tip Holder