Vault-13

DIREXION SHS ETF TR SOXL

DLY SCOND 3XBU · ETP · CUSIP 25459W458

126 institutional holders +7 vs Q3 2025
9,909,8389.9m shares reported held*
$416.7mreported value*
36 new 29 added 38 reduced 33 sold out net sold ≈ $739.1m (-17.6m 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 ≈ $42.05. Options: 9 managers hold calls ($1.3bn notional), 12 hold puts ($1.8bn).

Trends to Q4 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: 119Q4 25: 126126Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025126

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 56 bought or addedQ1 24: 58 cut or sold outQ2 24: 47 bought or addedQ2 24: 59 cut or sold outQ2 24Q3 24: 84 bought or addedQ3 24: 38 cut or sold outQ4 24: 57 bought or addedQ4 24: 63 cut or sold outQ4 24Q1 25: 78 bought or addedQ1 25: 47 cut or sold outQ2 25: 71 bought or addedQ2 25: 61 cut or sold outQ2 25Q3 25: 54 bought or addedQ3 25: 80 cut or sold outQ4 25: 65 bought or addedQ4 25: 71 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245658
Q2 20244759
Q3 20248438
Q4 20245763
Q1 20257847
Q2 20257161
Q3 20255480
Q4 20256571

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bn$2bnQ1 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 1.14Q4 25 calls: $1.3bnQ4 25 puts: $1.8bnQ4 25P/C 1.35
Numbers
QuarterCallsPutsP/C
Q1 2025$243.8m$568.0m2.33
Q2 2025$885.1m$1.1bn1.24
Q3 2025$1.2bn$1.4bn1.14
Q4 2025$1.3bn$1.8bn1.35

Biggest buyers

CITADEL ADVISORS LLC Added +2,210,452+2.2m
SIMPLEX TRADING, LLC Added +354,575+354.6k
JPMORGAN CHASE & CO Added +200,532+200.5k
October Effect Ltd New +95,678+95.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +85,542+85.5k
Avestar Capital, LLC New +59,805+59.8k
GROUP ONE TRADING LLC Added +59,263+59.3k
IMC-Chicago, LLC New +59,044+59.0k
M Holdings Securities, Inc. New +52,639+52.6k
MILLENNIUM MANAGEMENT LLC New +38,310+38.3k

Biggest sellers

JANE STREET GROUP, LLC Reduced -15,321,777-15.3m
Jump Financial, LLC Sold out -1,192,948-1.2m
Tower Research Capital LLC (TRC) Reduced -1,174,022-1.2m
UBS Group AG Reduced -1,082,578-1.1m
SBI Securities Co., Ltd. Reduced -374,516-374.5k
BNP PARIBAS FINANCIAL MARKETS Sold out -310,814-310.8k
GTS SECURITIES LLC Sold out -300,000-300.0k
Westwood Wealth Management Sold out -224,865-224.9k
Traynor Capital Management, Inc. Reduced -181,415-181.4k
Squarepoint Ops LLC Sold out -121,325-121.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $539.5m12.8m shares
JANE STREET GROUP, LLC Reduced $489.0m11.6m shares
CITADEL ADVISORS LLC Reduced $215.0m5.1m shares
LMR Partners LLP Added $63.0m1.5m shares
GOLDMAN SACHS GROUP INC Unchanged $6.4m151.7k shares
MILLENNIUM MANAGEMENT LLC Unchanged $3.5m83.7k shares
Traynor Capital Management, Inc. Added $3.5m82.2k shares
Walleye Trading LLC Added $3.2m77.2k shares
Squarepoint Ops LLC Reduced $1.2m29.0k shares

Biggest puts

JANE STREET GROUP, LLC Reduced $660.0m15.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $536.0m12.8m shares
CITADEL ADVISORS LLC Added $346.4m8.2m shares
IMC-Chicago, LLC Added $156.6m3.7m shares
GROUP ONE TRADING LLC Added $38.8m922.4k shares
TORNO CAPITAL, LLC Reduced $17.7m420.6k shares
LMR Partners LLP New $10.5m250.0k shares
Walleye Trading LLC Added $7.6m181.5k shares
Squarepoint Ops LLC Unchanged $7.0m165.4k shares
HRT FINANCIAL LP Added $6.7m158.5k 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 CITADEL ADVISORS LLC 0.09% of their portfolio MIAMI, FL 3,040,9553.0m $127.8m $127.8m 0.09% Added +2.2m +2,210,452
2 SIMPLEX TRADING, LLC 1.46% of their portfolio CHICAGO, IL 1,236,5171.2m $52.0m $52.0m 1.46% Added +354.6k +354,575
3 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,003,9371.0m $42.2m $42.2m 0.01% Reduced -1.1m -1,082,578
4 Traynor Capital Management, Inc. 1.97% of their portfolio MALVERN, PA 849,987850.0k $35.7m $35.7m 1.97% Reduced -181.4k -181,415
5 SBI Securities Co., Ltd. 0.91% of their portfolio TOKYO, M0 840,129840.1k $35.3m $35.3m 0.91% Reduced -374.5k -374,516
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 480,263480.3k $20.2m $20.2m 0.03% Added +85.5k +85,542
7 GROUP ONE TRADING LLC 0.42% of their portfolio CHICAGO, IL 337,542337.5k $14.2m $14.2m 0.42% Added +59.3k +59,263
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 200,650200.7k $8.4m $8.4m 0.00% Added +200.5k +200,532
9 Timothy G. Youngquist 2020 Irrevocable Trust 3.89% of their portfolio FORT MYERS, FL 108,052108.1k $4.5m $4.5m 3.89% First filing
10 ELEVATUS WELATH MANAGEMENT 1.18% of their portfolio VICTOR, NY 102,805102.8k $4.3m $4.3m 1.18% Reduced -15.2k -15,236
11 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 99,84799.8k $4.2m $4.2m 0.01% Added +34.9k +34,932
12 Howard Capital Management, LLC 0.05% of their portfolio Alpharetta, GA 99,73699.7k $4.2m $4.2m 0.05% Reduced -103.2k -103,205
13 October Effect Ltd 4.43% of their portfolio VIRGINIA BEACH, VA 95,67895.7k $4.0m $4.0m 4.43% New
14 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 85,33385.3k $3.6m $3.6m 0.03% Reduced -3.2k -3,200
15 Mariner, LLC 0.00% of their portfolio Overland Park, KS 64,81964.8k $2.7m $2.7m 0.00% Reduced -11.0k -10,972
16 DV Trading LLC 0.22% of their portfolio CHICAGO, IL 61,74861.7k $2.6m $2.6m 0.22% First filing
17 Avestar Capital, LLC 0.17% of their portfolio New York, NY 59,80559.8k $2.5m $2.5m 0.17% New
18 IMC-Chicago, LLC 0.04% of their portfolio CHICAGO, IL 59,04459.0k $2.5m $2.5m 0.04% New
19 M Holdings Securities, Inc. 0.16% of their portfolio PORTLAND, OR 52,63952.6k $2.2m $2.2m 0.16% New
20 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 49,25049.2k $2.1m $2.1m 0.00% Added +17.6k +17,585
21 Morse Asset Management, Inc 0.38% of their portfolio DARIEN, CT 45,36945.4k $1.9m $1.9m 0.38% Reduced -1.4k -1,429
22 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 44,96945.0k $1.9m $1.9m 0.01% Reduced -1.4k -1,406
23 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 41,91041.9k $1.8m $1.8m 0.00% Added +3.2k +3,233
24 NRI Wealth Management LC 0.85% of their portfolio SANTA CLARA, CA 39,74539.7k $1.7m $1.7m 0.85% Unchanged
25 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 38,31038.3k $1.6m $1.6m 0.00% New
26 Walleye Trading LLC 0.03% of their portfolio NEW YORK, NY 37,79337.8k $1.6m $1.6m 0.03% New
27 Edgestream Partners, L.P. 0.04% of their portfolio Princeton, NJ 36,99537.0k $1.6m $1.6m 0.04% New
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 33,72533.7k $1.4m $1.4m 0.00% Reduced -22.0k -21,973
29 StoneX Group Inc. 0.06% of their portfolio NEW YORK, NY 33,37233.4k $1.4m $1.4m 0.06% Added +24.3k +24,307
30 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 30,77030.8k $1.3m $1.3m 0.00% New
31 Optiver Holding B.V. 0.02% of their portfolio AMSTERDAM, P7 30,27630.3k $1.3m $1.3m 0.02% Reduced -17.9k -17,882
32 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 29,90929.9k $1.3m $1.3m 0.00% Reduced -17 -17
33 Dedeker Financial LLC 0.96% of their portfolio ST. LOUIS PARK, MN 25,52225.5k $1.1m $1.1m 0.96% First filing
34 SteelPeak Wealth, LLC 0.03% of their portfolio WOODLAND HILLS, CA 22,49122.5k $945.3k $945.3k 0.03% Added +13.6k +13,593
35 Stratos Wealth Advisors, LLC 0.04% of their portfolio BEACHWOOD, OH 21,71421.7k $912.6k $912.6k 0.04% Reduced -10.0k -10,018
36 Meridian Wealth Management, LLC 0.03% of their portfolio LEXINGTON, KY 20,61620.6k $866.5k $866.5k 0.03% Reduced -762 -762
37 Alchemi Wealth, LLC 0.44% of their portfolio ESSEX, CT 18,94918.9k $796.5k $796.5k 0.44% First filing
38 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 16,85216.9k $708.0k $708.0k 0.02% New
39 Parallel Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 16,50716.5k $693.8k $693.8k 0.01% Added +900 +900
40 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 16,17816.2k $680.0k $680.0k 0.01% Reduced -1.6k -1,600
41 NorthCoast Asset Management LLC 0.01% of their portfolio STAMFORD, CT 15,99316.0k $672.2k $672.2k 0.01% Added +10.1k +10,100
42 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 13,05013.1k $548.5k $548.5k 0.01% New
43 VERUS CAPITAL PARTNERS, LLC 0.03% of their portfolio SCOTTSDALE, AZ 11,67411.7k $490.7k $490.7k 0.03% Added +100 +100
44 Ground Swell Capital, LLC 0.97% of their portfolio FOLLY BEACH, SC 11,23611.2k $472.2k $472.2k 0.97% New
45 BURNEY CO/ 0.01% of their portfolio RESTON, VA 11,12011.1k $467.4k $467.4k 0.01% Added +977 +977
46 RWA WEALTH PARTNERS, LLC 0.00% of their portfolio BOSTON, MA 10,41010.4k $437.5k $437.5k 0.00% Added +45 +45
47 StoneCrest Wealth Management, Inc. 0.17% of their portfolio CHANDLER, AZ 10,25510.3k $431.0k $431.0k 0.17% Added +141 +141
48 Retirement Planning Co of New England, Inc. 0.17% of their portfolio Warwick, RI 10,15010.2k $426.6k $426.6k 0.17% Added +2.0k +2,000
49 BLVD Private Wealth, LLC 0.36% of their portfolio Prospect, KY 9,8569.9k $414.2k $414.2k 0.36% Unchanged
50 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 9,7419.7k $409.4k $409.4k 0.01% Added +1.7k +1,706
51 INSIGNEO ADVISORY SERVICES, LLC 0.03% of their portfolio MIAMI, FL 9,4019.4k $395.1k $395.1k 0.03% New
52 NATIXIS 0.00% of their portfolio PARIS, I0 9,3009.3k $411.0k $411.0k 0.00% New
53 TOTH FINANCIAL ADVISORY CORP 0.04% of their portfolio LEESBURG, VA 9,2499.2k $388.7k $388.7k 0.04% Reduced -4.7k -4,702
54 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 9,1459.1k $384.4k $384.4k 0.00% Reduced -3.0k -3,029
55 Bogart Wealth, LLC 0.02% of their portfolio MCLEAN, VA 9,0059.0k $378.5k $378.5k 0.02% Added +6.0k +6,005
56 GR FINANCIAL GROUP, LLC 0.08% of their portfolio TUCSON, AZ 8,4618.5k $355.6k $355.6k 0.08% Unchanged
57 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 8,0338.0k $337.6k $337.6k 0.01% Reduced -3.6k -3,635
58 Optivise Advisory Services LLC 0.19% of their portfolio FRANKLIN, TN 7,6807.7k $322.8k $322.8k 0.19% Reduced -6.8k -6,832
59 Kaizen Financial Strategies 0.14% of their portfolio CAMPBELL, CA 7,6107.6k $319.8k $319.8k 0.14% New
60 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 7,4727.5k $314.0k $314.0k 0.00% Reduced -2.7k -2,710
61 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 7,2037.2k $302.7k $302.7k 0.00% New
62 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,1237.1k $299.4k $299.4k 0.00% New
63 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 7,0967.1k $298.2k $298.2k 0.01% Unchanged
64 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 7,0617.1k $296.8k $296.8k 0.01% Added +3.4k +3,366
65 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 6,9236.9k $291.0k $291.0k 0.01% Reduced -1.1k -1,091
66 HOEY INVESTMENTS, INC 0.04% of their portfolio COATESVILLE, PA 6,9126.9k $290.5k $290.5k 0.04% Reduced -3.6k -3,554
67 May Hill Capital, LLC 0.08% of their portfolio COHASSET, MA 6,6276.6k $278.5k $278.5k 0.08% New
68 Strategic Blueprint, LLC 0.02% of their portfolio ATLANTA, GA 6,6206.6k $278.2k $278.2k 0.02% Added +120 +120
69 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 6,5516.6k $275.4k $275.4k 0.00% First filing
70 Visionary Wealth Advisors 0.01% of their portfolio O'FALLON, IL 6,1716.2k $259.4k $259.4k 0.01% Reduced -1.7k -1,747
71 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 6,1426.1k $258.0k $258.0k 0.00% Reduced -400 -400
72 SHUFRO ROSE & CO LLC 0.02% of their portfolio NEW YORK, NY 6,0006.0k $252.2k $252.2k 0.02% New
73 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 5,9295.9k $206.6k $206.6k 0.00% Reduced -196 -196
74 SLT Holdings LLC 0.16% of their portfolio SCOTTSDALE, AZ 5,7005.7k $239.6k $239.6k 0.16% New
75 Coppell Advisory Solutions LLC 0.02% of their portfolio COPPELL, TX 5,5395.5k $241.9k $241.9k 0.02% New
76 Allegheny Financial Group 0.03% of their portfolio Pittsburgh, PA 5,4965.5k $231.0k $231.0k 0.03% New
77 Thrive Capital Management, LLC 0.05% of their portfolio FORT WASHINGTON, PA 5,3655.4k $225.5k $225.5k 0.05% New
78 Beacon Capital Management, LLC 0.03% of their portfolio FRANKLIN, TN 5,2435.2k $220.4k $220.4k 0.03% New
79 Destiny Wealth Partners, LLC 0.04% of their portfolio TAVARES, FL 5,1285.1k $311.3k $311.3k 0.04% New
80 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 5,0735.1k $213.2k $213.2k 0.00% Reduced -15.3m -15,321,777
81 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 5,0005.0k $210.2k $210.2k 0.00% Reduced -250 -250
82 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 4,7504.8k $256.5k $256.5k 0.00% New
83 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,8793.9k $163.0k $163.0k 0.00% Reduced -11.8k -11,842
84 PayPay Securities Corp 4.69% of their portfolio TOKYO, M0 3,8063.8k $160.0k $160.0k 4.69% Added +839 +839
85 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,4873.5k $146.6k $146.6k 0.00% Reduced -4.1k -4,108
86 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 2,9262.9k $123.0k $123.0k 0.00% Unchanged
87 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,8022.8k $117.8k $117.8k 0.00% Added +2.5k +2,500
88 Crewe Advisors LLC 0.01% of their portfolio SALT LAKE CITY, UT 2,7502.8k $115.6k $115.6k 0.01% Reduced -1.1k -1,100
89 Dakota Community Bank & Trust NA 0.39% of their portfolio HEBRON, ND 2,6972.7k $113.4k $113.4k 0.39% New
90 VESTOR CAPITAL, LLC 0.01% of their portfolio CHICAGO, IL 2,5442.5k $182.0k $182.0k 0.01% Reduced -1.8k -1,782
91 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 2,3002.3k $96.7k $96.7k 0.00% Reduced -200 -200
92 Quent Capital, LLC 0.01% of their portfolio NEW YORK, NY 2,0302.0k $85.3k $85.3k 0.01% Unchanged
93 IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 0.12% of their portfolio SINGAPORE, U0 2,0112.0k $84.7k $84.7k 0.12% New
94 Covestor Ltd 0.04% of their portfolio LONDON, X0 1,9501.9k $82.0k $82.0k 0.04% Added +146 +146
95 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,6961.7k $71.3k $71.3k 0.00% Unchanged
96 SHP Wealth Management 0.00% of their portfolio PLYMOUTH, MA 1,3651.4k $57.4k $57.4k 0.00% First filing
97 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 1,3491.3k $58.9k $58.9k 0.00% New
98 Anchor Investment Management, LLC 0.00% of their portfolio COLUMBIA, SC 1,0301.0k $43.3k $43.3k 0.00% Unchanged
99 TUCKER ASSET MANAGEMENT LLC 0.01% of their portfolio LITTLETON, CO 869869 $36.5k $36.5k 0.01% New
100 Ascentis Wealth Management, LLC 0.01% of their portfolio DALLAS, TX 852852 $35.8k $35.8k 0.01% New