Vault-13

DIREXION SHS ETF TR TECL

DLY TECH BULL 3X · ETP · CUSIP 25459W102

88 institutional holders -4 vs Q3 2025
1,184,8151.2m shares reported held*
$139.2mreported value*
15 new 26 added 24 reduced 20 sold out net sold ≈ $7.4m (-71.4k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $117.50. Options: 7 managers hold calls ($512.6m notional), 3 hold puts ($97.9m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 42Q4 22: 49Q1 23: 50Q2 23: 54Q3 23: 48Q4 23: 70Q1 24: 60Q2 24: 78Q3 24: 77Q4 24: 81Q1 25: 63Q2 25: 83Q3 25: 92Q4 25: 8888Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202242
Q4 202249
Q1 202350
Q2 202354
Q3 202348
Q4 202370
Q1 202460
Q2 202478
Q3 202477
Q4 202481
Q1 202563
Q2 202583
Q3 202592
Q4 202588

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q1 24: 23 bought or addedQ1 24: 42 cut or sold outQ2 24: 40 bought or addedQ2 24: 27 cut or sold outQ2 24Q3 24: 32 bought or addedQ3 24: 39 cut or sold outQ4 24: 42 bought or addedQ4 24: 32 cut or sold outQ4 24Q1 25: 26 bought or addedQ1 25: 40 cut or sold outQ2 25: 47 bought or addedQ2 25: 25 cut or sold outQ2 25Q3 25: 42 bought or addedQ3 25: 38 cut or sold outQ4 25: 41 bought or addedQ4 25: 44 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242342
Q2 20244027
Q3 20243239
Q4 20244232
Q1 20252640
Q2 20254725
Q3 20254238
Q4 20254144

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200m$400m$600mQ1 25 calls: $170.5mQ1 25 puts: $40.1mQ1 25P/C 0.24Q2 25 calls: $401.0mQ2 25 puts: $60.5mQ2 25P/C 0.15Q3 25 calls: $542.0mQ3 25 puts: $88.1mQ3 25P/C 0.16Q4 25 calls: $512.6mQ4 25 puts: $97.9mQ4 25P/C 0.19
Numbers
QuarterCallsPutsP/C
Q1 2025$170.5m$40.1m0.24
Q2 2025$401.0m$60.5m0.15
Q3 2025$542.0m$88.1m0.16
Q4 2025$512.6m$97.9m0.19

Biggest buyers

IMC-Chicago, LLC New +55,753+55.8k
JANE STREET GROUP, LLC Added +26,999+27.0k
Virtu Financial LLC Added +26,137+26.1k
OGBORNE CAPITAL MANAGEMENT, LLC New +25,000+25.0k
Quadrature Capital Ltd New +15,682+15.7k
SIMPLEX TRADING, LLC Added +10,726+10.7k
Stonebridge Financial Group, LLC New +9,582+9.6k
GROUP ONE TRADING LLC New +8,102+8.1k
Focus Partners Wealth New +6,156+6.2k
MORGAN STANLEY Added +6,126+6.1k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -42,472-42.5k
FLOW TRADERS U.S. LLC Reduced -30,424-30.4k
Gotham Asset Management, LLC Reduced -27,358-27.4k
X-Square Capital, LLC Sold out -20,500-20.5k
GTS SECURITIES LLC Reduced -20,244-20.2k
Traynor Capital Management, Inc. Reduced -18,082-18.1k
ROVIN CAPITAL /UT/ /ADV Reduced -15,489-15.5k
RENAISSANCE TECHNOLOGIES LLC Sold out -13,700-13.7k
UBS Group AG Reduced -13,494-13.5k
Headlands Technologies LLC Sold out -10,910-10.9k

Biggest calls

SIMPLEX TRADING, LLC Reduced $145.4m2.8m shares
IMC-Chicago, LLC Reduced $114.2m653.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $93.7m797.2k shares
CITADEL ADVISORS LLC Added $70.0m596.2k shares
JANE STREET GROUP, LLC Reduced $57.2m486.6k shares
GROUP ONE TRADING LLC Reduced $31.8m199.1k shares
Squarepoint Ops LLC Unchanged $470.0k4.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $50.0m425.8k shares
CITADEL ADVISORS LLC Added $24.8m211.4k shares
JANE STREET GROUP, LLC Added $23.1m196.4k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SBI Securities Co., Ltd. 0.59% of their portfolio TOKYO, M0 194,326194.3k $22.8m $22.8m 0.59% Reduced -939 -939
2 Gotham Asset Management, LLC 0.04% of their portfolio NEW YORK, NY 90,32490.3k $10.6m $10.6m 0.04% Reduced -27.4k -27,358
3 Traynor Capital Management, Inc. 0.50% of their portfolio MALVERN, PA 77,61977.6k $9.1m $9.1m 0.50% Reduced -18.1k -18,082
4 GTS SECURITIES LLC 0.24% of their portfolio NEW YORK, NY 60,02960.0k $7.1m $7.1m 0.24% Reduced -20.2k -20,244
5 IMC-Chicago, LLC 0.12% of their portfolio CHICAGO, IL 55,75355.8k $6.6m $6.6m 0.12% New
6 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 55,02055.0k $6.5m $6.5m 0.00% Reduced -380 -380
7 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 49,17149.2k $5.8m $5.8m 0.01% Reduced -5.4k -5,377
8 Mariner, LLC 0.01% of their portfolio Overland Park, KS 45,80545.8k $5.4m $5.4m 0.01% Added +2.3k +2,295
9 EP Wealth Advisors, LLC 0.03% of their portfolio TORRANCE, CA 42,10542.1k $4.9m $4.9m 0.03% First filing
10 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 40,19040.2k $4.7m $4.7m 0.01% Unchanged
11 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 32,27532.3k $3.8m $3.8m 0.00% Added +27.0k +26,999
12 Virtu Financial LLC 0.13% of their portfolio New York, NY 28,66028.7k $3.4m $3.4m 0.13% Added +26.1k +26,137
13 Modern Wealth Management, LLC 0.06% of their portfolio KANSAS CITY, MO 28,35828.4k $3.3m $3.3m 0.06% Unchanged
14 OGBORNE CAPITAL MANAGEMENT, LLC 0.97% of their portfolio SAN FRANCISCO, CA 25,00025.0k $2.9m $2.9m 0.97% New
15 Stratos Wealth Advisors, LLC 0.13% of their portfolio BEACHWOOD, OH 23,34823.3k $2.7m $2.7m 0.13% Added +2.3k +2,317
16 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 22,82622.8k $2.7m $2.7m 0.00% Reduced -42.5k -42,472
17 TRUE Private Wealth Advisors 0.22% of their portfolio Salem, OR 18,50718.5k $2.2m $2.2m 0.22% Added +1.1k +1,078
18 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 17,76017.8k $2.1m $2.1m 0.00% Added +179 +179
19 Quadrature Capital Ltd 0.02% of their portfolio LONDON, X0 15,68215.7k $1.8m $1.8m 0.02% New
20 SIMPLEX TRADING, LLC 0.05% of their portfolio CHICAGO, IL 15,46815.5k $1.8m $1.8m 0.05% Added +10.7k +10,726
21 Grandview Asset Management LLC 0.48% of their portfolio HARRISBURG, PA 15,00015.0k $1.8m $1.8m 0.48% Unchanged
22 Tower Research Capital LLC (TRC) 0.04% of their portfolio NEW YORK, NY 13,49413.5k $1.6m $1.6m 0.04% Reduced -5.5k -5,465
23 Blue Sky Capital Consultants Group, Inc. 0.67% of their portfolio Poway, CA 13,08813.1k $1.5m $1.5m 0.67% Added +184 +184
24 ROVIN CAPITAL /UT/ /ADV 0.35% of their portfolio MESA, AZ 11,24011.2k $1.3m $1.3m 0.35% Reduced -15.5k -15,489
25 Bannerstone Capital Management, LLC 1.15% of their portfolio WAYZATA, MN 10,24710.2k $1.2m $1.2m 1.15% First filing
26 Stonebridge Financial Group, LLC 0.10% of their portfolio Wormleysburg, PA 9,5829.6k $1.1m $1.1m 0.10% New
27 CPR Investments Inc. 0.75% of their portfolio Rochester, MI 9,4879.5k $1.1m $1.1m 0.75% Reduced -1.4k -1,403
28 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 9,3559.4k $1.1m $1.1m 0.00% Reduced -1.5k -1,547
29 GROUP ONE TRADING LLC 0.03% of their portfolio CHICAGO, IL 8,1028.1k $951.9k $951.9k 0.03% New
30 Crescent Grove Advisors, LLC 0.09% of their portfolio LAKE FOREST, IL 7,8437.8k $921.5k $921.5k 0.09% Unchanged
31 Trinity Legacy Partners, LLC 0.19% of their portfolio HOUSTON, TX 6,9006.9k $810.7k $810.7k 0.19% Unchanged
32 Sage Capital Management, LLC 0.36% of their portfolio Stockton, NJ 6,7026.7k $787.6k $787.6k 0.36% Added +199 +199
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,2926.3k $739.2k $739.2k 0.00% Added +6.1k +6,126
34 Donalies Financial Planning, LLC 0.62% of their portfolio WASHINGTON, DC 6,2406.2k $733.1k $733.1k 0.62% First filing
35 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 6,1566.2k $723.3k $723.3k 0.00% New
36 NorthCoast Asset Management LLC 0.02% of their portfolio STAMFORD, CT 6,0066.0k $705.6k $705.6k 0.02% Added +3.6k +3,650
37 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 5,9045.9k $734.3k $734.3k 0.00% Unchanged
38 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 5,4165.4k $636.0k $636.0k 0.02% Reduced -30.4k -30,424
39 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 5,2455.2k $616.3k $616.3k 0.00% Added +130 +130
40 Plotkin Financial Advisors, LLC 0.30% of their portfolio CHEVY CHASE, MD 5,1805.2k $608.6k $608.6k 0.30% Unchanged
41 WEST MICHIGAN ADVISORS, LLC 0.14% of their portfolio HOLLAND, MI 5,1005.1k $599.2k $599.2k 0.14% Added +100 +100
42 Millington Financial Advisors, LLC 0.22% of their portfolio NAPERVILLE, IL 4,6564.7k $500.5k $500.5k 0.22% Added +123 +123
43 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 4,4074.4k $517.8k $517.8k 0.01% Added +431 +431
44 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 4,3924.4k $516.0k $516.0k 0.01% Reduced -5.1k -5,102
45 Retirement Planning Co of New England, Inc. 0.17% of their portfolio Warwick, RI 3,5933.6k $422.1k $422.1k 0.17% Reduced -427 -427
46 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 3,5683.6k $419.2k $419.2k 0.02% Unchanged
47 BURNEY CO/ 0.01% of their portfolio RESTON, VA 3,4293.4k $402.9k $402.9k 0.01% Added +200 +200
48 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 3,3963.4k $399.0k $399.0k 0.00% New
49 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.01% of their portfolio PORTLAND, OR 3,2803.3k $385.4k $385.4k 0.01% Reduced -2.9k -2,892
50 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 3,2183.2k $378.1k $378.1k 0.01% Reduced -242 -242
51 Socha Financial Group, LLC 0.17% of their portfolio CORNING, NY 2,9603.0k $347.8k $347.8k 0.17% Added +127 +127
52 Main Street Group, LTD 0.11% of their portfolio GLEN ALLEN, VA 2,6312.6k $309.1k $309.1k 0.11% Added +68 +68
53 Onyx Bridge Wealth Group LLC 0.03% of their portfolio TARRYTOWN, NY 2,5002.5k $293.8k $293.8k 0.03% Added +165 +165
54 CWM, LLC 0.00% of their portfolio OMAHA, NE 2,4352.4k $286.0k $286.0k 0.00% Added +152 +152
55 James J. Burns & Company, LLC 0.04% of their portfolio MELVILLE, NY 2,3312.3k $273.9k $273.9k 0.04% Unchanged
56 Kelly Financial Services LLC 0.07% of their portfolio BRAINTREE, MA 2,2442.2k $263.7k $263.7k 0.07% Added +106 +106
57 APS Management Group, Inc. 0.22% of their portfolio TORRANCE, CA 2,2292.2k $261.9k $261.9k 0.22% Added +177 +177
58 Westmount Partners, LLC 0.06% of their portfolio LOS ANGELES, CA 2,1992.2k $258.4k $258.4k 0.06% New
59 360 Financial, Inc. 0.08% of their portfolio WAYZATA, MN 2,1342.1k $250.7k $250.7k 0.08% Unchanged
60 Oxinas Partners, LLC 0.11% of their portfolio JEFFERSONVILLE, IN 2,0002.0k $235.0k $235.0k 0.11% Added +230 +230
61 MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio ST LOUIS, MO 1,9602.0k $230.3k $230.3k 0.00% Unchanged
62 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 1,9351.9k $239.8k $239.8k 0.00% Unchanged
63 DRW Securities, LLC 0.02% of their portfolio CHICAGO, IL 1,8921.9k $222.3k $222.3k 0.02% Reduced -173 -173
64 Ground Swell Capital, LLC 0.44% of their portfolio FOLLY BEACH, SC 1,8031.8k $211.8k $211.8k 0.44% New
65 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,7391.7k $204.3k $204.3k 0.00% Reduced -13.5k -13,494
66 CREATIVE FINANCIAL DESIGNS INC /ADV 0.01% of their portfolio KOKOMO, IN 1,4231.4k $167.2k $167.2k 0.01% Unchanged
67 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 750750 $88.1k $88.1k 0.00% Unchanged
68 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 750750 $88.1k $88.1k 0.00% New
69 Covestor Ltd 0.05% of their portfolio LONDON, X0 741741 $87.0k $87.0k 0.05% Reduced -157 -157
70 Anchor Investment Management, LLC 0.01% of their portfolio COLUMBIA, SC 635635 $74.6k $74.6k 0.01% Unchanged
71 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 527527 $61.9k $61.9k 0.00% New
72 BankPlus Trust Department 0.01% of their portfolio JACKSON, MS 400400 $47.0k $47.0k 0.01% New
73 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 301301 $35.4k $35.4k 0.00% Unchanged
74 1248 Management, LLC 0.02% of their portfolio Kansas City, MO 300300 $35.2k $35.2k 0.02% Unchanged
75 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 262262 $30.7k $30.7k 0.00% Added +18 +18
76 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 160160 $18.8k $18.8k 0.00% Reduced -40 -40
77 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 152152 $17.9k $17.9k 0.00% New
78 JDM Financial Group LLC 0.01% of their portfolio AUSTIN, TX 152152 $17.9k $17.9k 0.01% Reduced -65 -65
79 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 111111 $13.0k $13.0k 0.00% Added +8 +8
80 TOTH FINANCIAL ADVISORY CORP 0.00% of their portfolio LEESBURG, VA 107107 $12.6k $12.6k 0.00% Unchanged
81 WPG Advisers, LLC 0.01% of their portfolio BALTIMORE, MD 7878 $9.2k $9.2k 0.01% Reduced -70 -70
82 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 7575 $8.8k $8.8k 0.00% Reduced -85 -85
83 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 4545 $5.0k $5.0k 0.00% Unchanged
84 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 4242 $4.9k $4.9k 0.00% Added +10 +10
85 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2929 $3.4k $3.4k 0.00% Reduced -211 -211
86 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2626 $3.1k $3.1k 0.00% New
87 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1212 $1.4k $1.4k 0.00% New
88 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $104 $104 0.00% Unchanged