Vault-13

DIREXION SHS ETF TR SOXL

DLY SCOND 3XBU · ETP · CUSIP 25459W458

119 institutional holders -5 vs Q2 2025
27,276,89327.3m shares reported held*
$950.9mreported value*
30 new 24 added 47 reduced 33 sold out net sold ≈ $280.8m (-8.1m 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 ≈ $34.86. Options: 11 managers hold calls ($1.2bn notional), 12 hold puts ($1.4bn).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 78Q4 22: 91Q1 23: 82Q2 23: 83Q3 23: 90Q4 23: 97Q1 24: 108Q2 24: 114Q3 24: 126Q4 24: 116Q1 25: 122Q2 25: 124Q3 25: 119119Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202278
Q4 202291
Q1 202382
Q2 202383
Q3 202390
Q4 202397
Q1 2024108
Q2 2024114
Q3 2024126
Q4 2024116
Q1 2025122
Q2 2025124
Q3 2025119

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 43 bought or addedQ4 23: 56 cut or sold outQ1 24: 56 bought or addedQ1 24: 58 cut or sold outQ1 24Q2 24: 47 bought or addedQ2 24: 59 cut or sold outQ3 24: 84 bought or addedQ3 24: 38 cut or sold outQ3 24Q4 24: 57 bought or addedQ4 24: 63 cut or sold outQ1 25: 78 bought or addedQ1 25: 47 cut or sold outQ1 25Q2 25: 71 bought or addedQ2 25: 61 cut or sold outQ3 25: 54 bought or addedQ3 25: 80 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20234356
Q1 20245658
Q2 20244759
Q3 20248438
Q4 20245763
Q1 20257847
Q2 20257161
Q3 20255480

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ4 24 calls: $570.3mQ4 24 puts: $815.5mQ4 24P/C 1.43Q1 25 calls: $243.8mQ1 25 puts: $568.0mQ1 25P/C 2.33Q2 25 calls: $885.1mQ2 25 puts: $1.1bnQ2 25P/C 1.24Q3 25 calls: $1.2bnQ3 25 puts: $1.4bnQ3 25P/C 1.14
Numbers
QuarterCallsPutsP/C
Q4 2024$570.3m$815.5m1.43
Q1 2025$243.8m$568.0m2.33
Q2 2025$885.1m$1.1bn1.24
Q3 2025$1.2bn$1.4bn1.14

Biggest buyers

Jump Financial, LLC Added +775,222+775.2k
Tower Research Capital LLC (TRC) Added +603,324+603.3k
SIMPLEX TRADING, LLC Added +365,982+366.0k
BNP PARIBAS FINANCIAL MARKETS New +310,814+310.8k
GTS SECURITIES LLC New +300,000+300.0k
APEIRON CAPITAL Ltd New +120,000+120.0k
Qube Research & Technologies Ltd New +75,156+75.2k
CITIGROUP INC Added +27,542+27.5k
SG Americas Securities, LLC New +17,974+18.0k
Quadrature Capital Ltd New +13,139+13.1k

Biggest sellers

JANE STREET GROUP, LLC Reduced -3,927,211-3.9m
CITADEL ADVISORS LLC Reduced -1,165,130-1.2m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -972,077-972.1k
CloudAlpha Capital Management Limited/Hong Kong Sold out -903,100-903.1k
GROUP ONE TRADING LLC Reduced -525,474-525.5k
SBI Securities Co., Ltd. Reduced -454,614-454.6k
GOLDMAN SACHS GROUP INC Reduced -358,165-358.2k
Squarepoint Ops LLC Reduced -352,194-352.2k
Avestar Capital, LLC Sold out -264,996-265.0k
ELEVATUS WELATH MANAGEMENT Reduced -260,971-261.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $477.3m13.7m shares
JANE STREET GROUP, LLC Added $472.3m13.6m shares
CITADEL ADVISORS LLC Added $238.3m6.8m shares
LMR Partners LLP Unchanged $34.8m1.0m shares
GOLDMAN SACHS GROUP INC Unchanged $5.3m151.7k shares
MILLENNIUM MANAGEMENT LLC Unchanged $2.9m83.7k shares
Walleye Trading LLC Reduced $2.1m59.9k shares
HAP Trading, LLC First filing $2.0m174.4k shares
Squarepoint Ops LLC Unchanged $1.0m29.7k shares
Traynor Capital Management, Inc. New $348.4k10.0k shares

Biggest puts

JANE STREET GROUP, LLC Reduced $604.1m17.3m shares
CITADEL ADVISORS LLC Added $283.3m8.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $277.1m8.0m shares
TORNO CAPITAL, LLC Added $134.0m3.8m shares
IMC-Chicago, LLC Reduced $85.0m2.4m shares
GROUP ONE TRADING LLC Added $21.2m607.3k shares
Squarepoint Ops LLC Unchanged $5.8m165.4k shares
HRT FINANCIAL LP Reduced $1.3m37.8k shares
Walleye Trading LLC Reduced $1.3m37.5k shares
IHT Wealth Management, LLC New $889.3k4.4k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.62% of their portfolio NEW YORK, NY 15,326,85015.3m $534.0m $534.0m 0.62% Reduced -3.9m -3,927,211
2 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,086,5152.1m $72.7m $72.7m 0.01% Reduced -12.0k -12,048
3 SBI Securities Co., Ltd. 1.08% of their portfolio TOKYO, M0 1,214,6451.2m $42.3m $42.3m 1.08% Reduced -454.6k -454,614
4 Jump Financial, LLC 0.53% of their portfolio Chicago, IL 1,192,9481.2m $41.6m $41.6m 0.53% Added +775.2k +775,222
5 Tower Research Capital LLC (TRC) 1.13% of their portfolio NEW YORK, NY 1,174,2901.2m $40.9m $40.9m 1.13% Added +603.3k +603,324
6 Traynor Capital Management, Inc. 2.06% of their portfolio MALVERN, PA 1,031,4021.0m $35.9m $35.9m 2.06% Reduced -60.8k -60,834
7 SIMPLEX TRADING, LLC 0.68% of their portfolio CHICAGO, IL 881,942881.9k $30.7m $30.7m 0.68% Added +366.0k +365,982
8 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 830,503830.5k $28.9m $28.9m 0.02% Reduced -1.2m -1,165,130
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 394,721394.7k $13.8m $13.8m 0.02% Reduced -972.1k -972,077
10 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 310,814310.8k $10.8m $10.8m 0.01% New
11 GTS SECURITIES LLC 0.40% of their portfolio NEW YORK, NY 300,000300.0k $10.5m $10.5m 0.40% New
12 GROUP ONE TRADING LLC 0.29% of their portfolio CHICAGO, IL 278,279278.3k $9.7m $9.7m 0.29% Reduced -525.5k -525,474
13 Westwood Wealth Management 2.87% of their portfolio Los Angeles, CA 224,865224.9k $7.8m $7.8m 2.87% Reduced -79.2k -79,205
14 Howard Capital Management, LLC 0.09% of their portfolio Alpharetta, GA 202,941202.9k $7.1m $7.1m 0.09% Added +5.5k +5,502
15 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 121,325121.3k $4.2m $4.2m 0.01% Reduced -352.2k -352,194
16 APEIRON CAPITAL Ltd 1.99% of their portfolio HONG KONG, K3 120,000120.0k $4.2m $4.2m 1.99% New
17 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 118,133118.1k $4.1m $4.1m 0.00% Reduced -358.2k -358,165
18 ELEVATUS WELATH MANAGEMENT 1.19% of their portfolio VICTOR, NY 118,041118.0k $4.1m $4.1m 1.19% Reduced -261.0k -260,971
19 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 88,53388.5k $3.1m $3.1m 0.03% Reduced -5.7k -5,727
20 Mariner, LLC 0.00% of their portfolio Overland Park, KS 75,79175.8k $2.6m $2.6m 0.00% Reduced -3.2k -3,188
21 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 75,15675.2k $2.6m $2.6m 0.00% New
22 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 64,91564.9k $2.3m $2.3m 0.00% Added +2.1k +2,073
23 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 62,40562.4k $2.2m $2.2m 0.02% Added +2.1k +2,119
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 55,69855.7k $1.9m $1.9m 0.00% Reduced -168.1k -168,082
25 Optiver Holding B.V. 0.03% of their portfolio AMSTERDAM, P7 48,15848.2k $1.7m $1.7m 0.03% Reduced -50.3k -50,256
26 TWO SIGMA SECURITIES, LLC 0.24% of their portfolio NEW YORK, NY 47,57147.6k $1.7m $1.7m 0.24% Reduced -42.2k -42,153
27 Morse Asset Management, Inc 0.33% of their portfolio DARIEN, CT 46,79846.8k $1.6m $1.6m 0.33% Reduced -1.2k -1,172
28 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 46,37546.4k $1.6m $1.6m 0.01% Reduced -19.6k -19,617
29 NRI Wealth Management LC 0.74% of their portfolio SANTA CLARA, CA 39,74539.7k $1.4m $1.4m 0.74% Added +671 +671
30 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 38,67738.7k $1.3m $1.3m 0.00% Added +12.3k +12,319
31 Triton Wealth Management, PLLC 0.71% of their portfolio SUN CITY, AZ 37,61237.6k $1.9m $1.9m 0.71% Reduced -14.2k -14,194
32 Stratos Wealth Advisors, LLC 0.05% of their portfolio BEACHWOOD, OH 31,73231.7k $1.1m $1.1m 0.05% Added +939 +939
33 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 31,66531.7k $1.1m $1.1m 0.00% Added +349 +349
34 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 29,92629.9k $1.0m $1.0m 0.00% Reduced -3.7k -3,696
35 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 28,68328.7k $999.3k $999.3k 0.00% Added +27.5k +27,542
36 Meridian Wealth Management, LLC 0.03% of their portfolio LEXINGTON, KY 21,37821.4k $744.8k $744.8k 0.03% Reduced -5.2k -5,223
37 REDW Wealth LLC 0.26% of their portfolio ALBUQUERQUE, NM 20,00020.0k $696.8k $696.8k 0.26% Unchanged
38 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 17,97418.0k $626.0k $626.0k 0.00% New
39 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 17,77817.8k $619.4k $619.4k 0.01% Reduced -2.9k -2,908
40 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 15,72115.7k $547.7k $547.7k 0.00% Reduced -158.5k -158,520
41 Parallel Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 15,60715.6k $543.8k $543.8k 0.01% Reduced -650 -650
42 CANTOR FITZGERALD, L. P. 0.01% of their portfolio NEW YORK, NY 15,60115.6k $543.5k $543.5k 0.01% Added +2.5k +2,489
43 Optivise Advisory Services LLC 0.30% of their portfolio FRANKLIN, TN 14,51214.5k $505.6k $505.6k 0.30% Reduced -3.4k -3,444
44 Belvedere Trading LLC 0.04% of their portfolio CHICAGO, IL 14,33514.3k $499.4k $499.4k 0.04% Reduced -9.5k -9,496
45 TOTH FINANCIAL ADVISORY CORP 0.05% of their portfolio LEESBURG, VA 13,95114.0k $486.1k $486.1k 0.05% Added +312 +312
46 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 13,90013.9k $484.3k $484.3k 0.00% Reduced -3.8k -3,801
47 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 13,13913.1k $457.9k $457.9k 0.01% New
48 Scientech Research LLC 0.16% of their portfolio JERSEY CITY, NJ 12,81012.8k $446.3k $446.3k 0.16% New
49 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 12,17412.2k $424.1k $424.1k 0.01% Reduced -46 -46
50 Empowered Funds, LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 11,66811.7k $406.5k $406.5k 0.00% Reduced -9.8k -9,790
51 VERUS CAPITAL PARTNERS, LLC 0.03% of their portfolio SCOTTSDALE, AZ 11,57411.6k $403.3k $403.3k 0.03% Reduced -3.6k -3,556
52 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 11,11211.1k $387.1k $387.1k 0.00% New
53 HOEY INVESTMENTS, INC 0.05% of their portfolio COATESVILLE, PA 10,46610.5k $364.6k $364.6k 0.05% Added +2.3k +2,264
54 RWA WEALTH PARTNERS, LLC 0.00% of their portfolio BOSTON, MA 10,36510.4k $361.1k $361.1k 0.00% Unchanged
55 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 10,18210.2k $354.7k $354.7k 0.01% Reduced -6.1k -6,097
56 BURNEY CO/ 0.01% of their portfolio RESTON, VA 10,14310.1k $353.4k $353.4k 0.01% Added +490 +490
57 StoneCrest Wealth Management, Inc. 0.15% of their portfolio CHANDLER, AZ 10,11410.1k $352.4k $352.4k 0.15% Reduced -303 -303
58 BLVD Private Wealth, LLC 0.29% of their portfolio Prospect, KY 9,8569.9k $343.4k $343.4k 0.29% Unchanged
59 StoneX Group Inc. 0.01% of their portfolio NEW YORK, NY 9,0659.1k $315.8k $315.8k 0.01% New
60 SteelPeak Wealth, LLC 0.01% of their portfolio WOODLAND HILLS, CA 8,8988.9k $310.0k $310.0k 0.01% New
61 GR FINANCIAL GROUP, LLC 0.07% of their portfolio TUCSON, AZ 8,4618.5k $294.8k $294.8k 0.07% Added +25 +25
62 Retirement Planning Co of New England, Inc. 0.11% of their portfolio Warwick, RI 8,1508.2k $283.9k $283.9k 0.11% Unchanged
63 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 8,0358.0k $279.9k $279.9k 0.00% Reduced -2.0k -2,002
64 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 8,0148.0k $279.2k $279.2k 0.01% New
65 CERTUITY, LLC 0.02% of their portfolio NORTH PALM BEACH, FL 8,0038.0k $278.8k $278.8k 0.02% New
66 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 7,9858.0k $278.2k $278.2k 0.01% New
67 Visionary Wealth Advisors 0.01% of their portfolio O'FALLON, IL 7,9187.9k $275.9k $275.9k 0.01% Reduced -794 -794
68 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,5957.6k $264.6k $264.6k 0.00% Added +1.7k +1,662
69 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 7,0967.1k $247.2k $247.2k 0.01% New
70 Millennium Capital Advisors, LLC 0.15% of their portfolio LITTLE ROCK, AR 6,9887.0k $243.5k $243.5k 0.15% New
71 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 6,8756.9k $239.5k $239.5k 0.01% New
72 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 6,5426.5k $228.0k $228.0k 0.00% New
73 Strategic Blueprint, LLC 0.01% of their portfolio ATLANTA, GA 6,5006.5k $226.5k $226.5k 0.01% New
74 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 6,2156.2k $212.8k $212.8k 0.00% New
75 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 6,1256.1k $213.4k $213.4k 0.00% New
76 NorthCoast Asset Management LLC 0.00% of their portfolio STAMFORD, CT 5,8935.9k $205.3k $205.3k 0.00% New
77 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 5,2505.2k $175.9k $175.9k 0.00% Reduced -250 -250
78 St. Johns Investment Management Company, LLC 0.07% of their portfolio JACKSONVILLE, FL 4,4684.5k $155.7k $155.7k 0.07% Unchanged
79 VESTOR CAPITAL, LLC 0.01% of their portfolio CHICAGO, IL 4,3264.3k $151.0k $151.0k 0.01% Reduced -6.9k -6,937
80 Crewe Advisors LLC 0.01% of their portfolio SALT LAKE CITY, UT 3,8503.9k $134.1k $134.1k 0.01% Unchanged
81 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 3,6953.7k $128.7k $128.7k 0.00% Added +3.5k +3,453
82 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 3,0003.0k $104.5k $104.5k 0.00% Reduced -5.5k -5,500
83 PayPay Securities Corp 3.72% of their portfolio TOKYO, M0 2,9673.0k $103.4k $103.4k 3.72% Reduced -1.2k -1,169
84 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 2,9262.9k $101.9k $101.9k 0.00% Added +1.0k +1,002
85 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 2,9032.9k $101.1k $101.1k 0.00% Reduced -3.6k -3,560
86 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 2,5002.5k $87.1k $87.1k 0.00% Reduced -1.1k -1,150
87 Quent Capital, LLC 0.01% of their portfolio NEW YORK, NY 2,0302.0k $70.7k $70.7k 0.01% New
88 Covestor Ltd 0.03% of their portfolio LONDON, X0 1,8041.8k $63.0k $63.0k 0.03% Reduced -3.6k -3,581
89 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,6961.7k $59.1k $59.1k 0.00% Added +1.0k +1,000
90 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,5291.5k $44.7k $44.7k 0.00% Reduced -421 -421
91 OPTIMUM INVESTMENT ADVISORS 0.02% of their portfolio Chicago, IL 1,3001.3k $45.3k $45.3k 0.02% Unchanged
92 Anchor Investment Management, LLC 0.00% of their portfolio COLUMBIA, SC 1,0301.0k $35.9k $35.9k 0.00% Unchanged
93 Addison Advisors LLC 0.01% of their portfolio MIDDLEBURY, VT 937937 $32.6k $32.6k 0.01% New
94 1248 Management, LLC 0.01% of their portfolio Kansas City, MO 600600 $20.9k $20.9k 0.01% Unchanged
95 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 543543 $18.9k $18.9k 0.00% Reduced -142 -142
96 HALBERT HARGROVE GLOBAL ADVISORS, LLC 0.00% of their portfolio LONG BEACH, CA 425425 $14.8k $14.8k 0.00% New
97 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 404404 $14.1k $14.1k 0.00% Added +1 +1
98 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 302302 $10.5k $10.5k 0.00% Added +1 +1
99 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 290290 $10.0k $10.0k 0.00% New
100 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 245245 $8.5k $8.5k 0.00% Unchanged