Vault-13

DIREXION SHS ETF TR TNA

DLY SMCAP BULL3X · ETP · CUSIP 25459W847

91 institutional holders +8 vs Q1 2025
6,281,9476.3m shares reported held*
$211.2mreported value*
31 new 25 added 22 reduced 20 sold out net bought ≈ $11.5m (+342.0k 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 ≈ $33.62. Options: 10 managers hold calls ($305.9m notional), 8 hold puts ($179.5m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 45Q4 22: 53Q1 23: 51Q2 23: 62Q3 23: 53Q4 23: 85Q1 24: 82Q2 24: 82Q3 24: 102Q4 24: 105Q1 25: 83Q2 25: 9191Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202245
Q4 202253
Q1 202351
Q2 202362
Q3 202353
Q4 202385
Q1 202482
Q2 202482
Q3 2024102
Q4 2024105
Q1 202583
Q2 202591

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 24 bought or addedQ3 23: 41 cut or sold outQ4 23: 64 bought or addedQ4 23: 22 cut or sold outQ4 23Q1 24: 48 bought or addedQ1 24: 49 cut or sold outQ2 24: 41 bought or addedQ2 24: 47 cut or sold outQ2 24Q3 24: 57 bought or addedQ3 24: 46 cut or sold outQ4 24: 52 bought or addedQ4 24: 55 cut or sold outQ4 24Q1 25: 37 bought or addedQ1 25: 61 cut or sold outQ2 25: 56 bought or addedQ2 25: 42 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232441
Q4 20236422
Q1 20244849
Q2 20244147
Q3 20245746
Q4 20245255
Q1 20253761
Q2 20255642

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ3 24 calls: $330.9mQ3 24 puts: $239.4mQ3 24P/C 0.72Q4 24 calls: $379.8mQ4 24 puts: $252.1mQ4 24P/C 0.66Q1 25 calls: $203.1mQ1 25 puts: $143.5mQ1 25P/C 0.71Q2 25 calls: $305.9mQ2 25 puts: $179.5mQ2 25P/C 0.59
Numbers
QuarterCallsPutsP/C
Q3 2024$330.9m$239.4m0.72
Q4 2024$379.8m$252.1m0.66
Q1 2025$203.1m$143.5m0.71
Q2 2025$305.9m$179.5m0.59

Biggest buyers

Tidal Investments LLC Added +811,068+811.1k
PEREGRINE INVESTMENT MANAGEMENT INC New +300,000+300.0k
CITADEL ADVISORS LLC Added +266,004+266.0k
ELEVATUS WELATH MANAGEMENT New +202,772+202.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +177,740+177.7k
FLOW TRADERS U.S. LLC Added +174,934+174.9k
SIMPLEX TRADING, LLC Added +96,716+96.7k
Tower Research Capital LLC (TRC) Added +68,916+68.9k
Virtu Financial LLC New +67,128+67.1k
Ashton Thomas Private Wealth, LLC New +64,256+64.3k

Biggest sellers

JANE STREET GROUP, LLC Reduced -564,447-564.4k
Quadrature Capital Ltd Sold out -378,658-378.7k
TB Alternative Assets Ltd. Sold out -129,106-129.1k
Marex Group Ltd Sold out -113,749-113.7k
Traynor Capital Management, Inc. Sold out -94,562-94.6k
WOLVERINE TRADING, LLC Reduced -81,740-81.7k
Spire Wealth Management Reduced -79,139-79.1k
GTS SECURITIES LLC Reduced -77,069-77.1k
ICON ADVISERS INC/CO Reduced -75,600-75.6k
Squarepoint Ops LLC Reduced -75,072-75.1k

Biggest calls

CITADEL ADVISORS LLC Added $137.2m4.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $100.5m3.0m shares
JANE STREET GROUP, LLC Added $40.3m1.2m shares
WOLVERINE TRADING, LLC Added $25.2m753.0k shares
Squarepoint Ops LLC Reduced $1.3m39.8k shares
Walleye Trading LLC New $811.7k24.2k shares
VERUS CAPITAL PARTNERS, LLC New $251.6k7.5k shares
Vontobel Holding Ltd. New $221.4k6.6k shares
HAP Trading, LLC Added $168.1k32.7k shares
SIGNATUREFD, LLC Unchanged $43.7k20.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $82.0m2.4m shares
JANE STREET GROUP, LLC Added $52.6m1.6m shares
CITADEL ADVISORS LLC Reduced $25.4m757.2k shares
WOLVERINE TRADING, LLC Added $18.6m555.3k shares
Squarepoint Ops LLC Reduced $459.5k13.7k shares
Walleye Trading LLC New $298.5k8.9k shares
HAP Trading, LLC Reduced $96.3k14.5k shares
Tidal Investments LLC Added $51.3k9.1k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.10% of their portfolio NEW YORK, NY 1,807,5831.8m $60.6m $60.6m 0.10% Reduced -564.4k -564,447
2 Tidal Investments LLC 0.26% of their portfolio Milwaukee, WI 1,176,0681.2m $39.4m $39.4m 0.26% Added +811.1k +811,068
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 459,094459.1k $15.4m $15.4m 0.02% Added +177.7k +177,740
4 PEREGRINE INVESTMENT MANAGEMENT INC 6.43% of their portfolio TORONTO, A6 300,000300.0k $10.1m $10.1m 6.43% New
5 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 273,780273.8k $9.2m $9.2m 0.01% Added +266.0k +266,004
6 FLOW TRADERS U.S. LLC 0.29% of their portfolio NEW YORK, NY 236,805236.8k $7.9m $7.9m 0.29% Added +174.9k +174,934
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 205,114205.1k $6.9m $6.9m 0.00% Reduced -53.4k -53,446
8 ELEVATUS WELATH MANAGEMENT 2.27% of their portfolio VICTOR, NY 202,772202.8k $6.8m $6.8m 2.27% New
9 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 200,466200.5k $6.7m $6.7m 0.01% Reduced -75.1k -75,072
10 SIMPLEX TRADING, LLC 0.13% of their portfolio CHICAGO, IL 140,768140.8k $4.7m $4.7m 0.13% Added +96.7k +96,716
11 Tower Research Capital LLC (TRC) 0.11% of their portfolio NEW YORK, NY 121,176121.2k $4.1m $4.1m 0.11% Added +68.9k +68,916
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 80,30480.3k $2.7m $2.7m 0.00% Reduced -4.9k -4,934
13 Virtu Financial LLC 0.12% of their portfolio New York, NY 67,12867.1k $2.3m $2.3m 0.12% New
14 Ashton Thomas Private Wealth, LLC 0.08% of their portfolio SCOTTSDALE, AZ 64,25664.3k $2.2m $2.2m 0.08% New
15 GTS SECURITIES LLC 0.08% of their portfolio NEW YORK, NY 54,94654.9k $1.8m $1.8m 0.08% Reduced -77.1k -77,069
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 47,67847.7k $1.6m $1.6m 0.00% Reduced -52.4k -52,436
17 Parkshore Wealth Management, Inc. 0.76% of their portfolio Granite Bay, CA 46,55546.6k $1.6m $1.6m 0.76% Added +28.9k +28,909
18 Physician Wealth Advisors, Inc. 0.22% of their portfolio MIDVALE, UT 42,58142.6k $1.4m $1.4m 0.22% Unchanged
19 Westwood Wealth Management 0.48% of their portfolio Los Angeles, CA 42,36542.4k $1.4m $1.4m 0.48% Reduced -21.8k -21,840
20 TrueMark Investments, LLC 0.29% of their portfolio CHICAGO, IL 39,81539.8k $1.3m $1.3m 0.29% New
21 SURIENCE PRIVATE WEALTH LLC 1.23% of their portfolio YAKIMA, WA 38,88238.9k $1.3m $1.3m 1.23% New
22 TWO SIGMA SECURITIES, LLC 0.16% of their portfolio NEW YORK, NY 38,19638.2k $1.3m $1.3m 0.16% Added +2.3k +2,299
23 WOLVERINE TRADING, LLC 0.03% of their portfolio CHICAGO, IL 33,27533.3k $1.1m $1.1m 0.03% Reduced -81.7k -81,740
24 Watts Gwilliam & Co., LLC 0.24% of their portfolio GILBERT, AZ 31,16731.2k $1.5m $1.5m 0.24% Reduced -686 -686
25 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 31,00031.0k $1.0m $1.0m 0.00% New
26 Encompass More Asset Management 0.24% of their portfolio Danville, CA 30,46430.5k $1.0m $1.0m 0.24% New
27 BXM Wealth LLC 1.07% of their portfolio Englewood, CO 26,77526.8k $898.0k $898.0k 1.07% Reduced -3.2k -3,240
28 Blue Sky Capital Consultants Group, Inc. 0.46% of their portfolio Poway, CA 26,44826.4k $887.1k $887.1k 0.46% Reduced -916 -916
29 Significant Wealth Partners LLC 0.43% of their portfolio CARY, IL 26,23426.2k $879.9k $879.9k 0.43% Added +9.2k +9,209
30 Viewpoint Capital Management LLC 0.42% of their portfolio SEATTLE, WA 25,80025.8k $865.3k $865.3k 0.42% Added +10.0k +10,000
31 Discipline Wealth Solutions, LLC 0.31% of their portfolio GREENVILLE, SC 24,36224.4k $817.1k $817.1k 0.31% New
32 FOUNDERS FINANCIAL SECURITIES LLC 0.06% of their portfolio TOWSON, MD 22,13422.1k $742.4k $742.4k 0.06% New
33 CPR Investments Inc. 0.57% of their portfolio Rochester, MI 21,96922.0k $736.8k $736.8k 0.57% New
34 Capital Investment Counsel, Inc 0.10% of their portfolio RALEIGH, NC 21,47021.5k $720.1k $720.1k 0.10% Added +5.0k +5,000
35 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 20,00220.0k $670.9k $670.9k 0.00% Added +20.0k +20,000
36 Retirement Planning Co of New England, Inc. 0.28% of their portfolio Warwick, RI 18,68618.7k $626.7k $626.7k 0.28% Added +2.0k +2,049
37 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 17,94517.9k $662.3k $662.3k 0.00% Added +6.8k +6,825
38 Walleye Trading LLC 0.01% of their portfolio NEW YORK, NY 16,80116.8k $563.5k $563.5k 0.01% New
39 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 16,28216.3k $546.1k $546.1k 0.00% Added +328 +328
40 SBI Securities Co., Ltd. 0.01% of their portfolio TOKYO, M0 13,97614.0k $468.8k $468.8k 0.01% Reduced -37.9k -37,862
41 KINGSWOOD WEALTH ADVISORS, LLC 0.04% of their portfolio SAN DIEGO, CA 13,53413.5k $453.9k $453.9k 0.04% New
42 Ellis Investment Partners, LLC 0.08% of their portfolio Berwyn, PA 12,66412.7k $424.7k $424.7k 0.08% Added +2.5k +2,536
43 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.05% of their portfolio INDIANAPOLIS, IN 10,86010.9k $364.2k $364.2k 0.05% Added +846 +846
44 DRW Securities, LLC 0.02% of their portfolio CHICAGO, IL 10,51510.5k $352.7k $352.7k 0.02% New
45 Belvedere Trading LLC 0.03% of their portfolio CHICAGO, IL 10,25810.3k $344.1k $344.1k 0.03% New
46 Private Capital Management, LLC 0.03% of their portfolio NAPLES, FL 10,00010.0k $335.4k $335.4k 0.03% New
47 McGuire Investment Group, LLC 0.04% of their portfolio WAKEFIELD, RI 9,4759.5k $317.8k $317.8k 0.04% Unchanged
48 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 8,1778.2k $275.5k $275.5k 0.01% New
49 ICON ADVISERS INC/CO 0.06% of their portfolio GREENWOOD VILLAGE, CO 7,5507.5k $253.2k $253.2k 0.06% Reduced -75.6k -75,600
50 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,1237.1k $238.9k $238.9k 0.00% Reduced -5.2k -5,242
51 Modern Wealth Management, LLC 0.01% of their portfolio KANSAS CITY, MO 6,9627.0k $233.5k $233.5k 0.01% New
52 International Private Wealth Advisors LLC 0.19% of their portfolio SAN DIEGO, CA 6,7226.7k $225.5k $225.5k 0.19% New
53 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 6,6926.7k $224.4k $224.4k 0.00% New
54 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,4866.5k $217.5k $217.5k 0.00% New
55 LifeGuide Financial Advisors, LLC 0.08% of their portfolio MECHANICSBURG, PA 6,2736.3k $210.4k $210.4k 0.08% New
56 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 5,1015.1k $171.1k $171.1k 0.01% Added +4.1k +4,086
57 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 4,3004.3k $144.0k $144.0k 0.01% Unchanged
58 1248 Management, LLC 0.04% of their portfolio Kansas City, MO 2,9002.9k $97.7k $97.7k 0.04% New
59 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,3282.3k $78.1k $78.1k 0.00% Added +2.3k +2,288
60 Hartford Financial Management Inc. 0.02% of their portfolio WEST HARTFORD, CT 2,2502.2k $75.5k $75.5k 0.02% Unchanged
61 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 2,0952.1k $70.3k $70.3k 0.00% Added +309 +309
62 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 1,9842.0k $66.5k $66.5k 0.00% Reduced -79.1k -79,139
63 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 1,9562.0k $65.6k $65.6k 0.00% Reduced -7.2k -7,241
64 Bernard Wealth Management Corp. 0.03% of their portfolio ROYAL OAK, MI 1,8781.9k $63.0k $63.0k 0.03% Added +6 +6
65 Manchester Capital Management LLC 0.01% of their portfolio MANCHESTER, VT 1,5001.5k $50.3k $50.3k 0.01% New
66 Copia Wealth Management 0.04% of their portfolio BEND, OR 1,4841.5k $49.8k $49.8k 0.04% Added +235 +235
67 OPTIMUM INVESTMENT ADVISORS 0.02% of their portfolio Chicago, IL 1,4001.4k $47.0k $47.0k 0.02% Reduced -1.7k -1,700
68 FSA Wealth Management LLC 0.02% of their portfolio Needham, MA 1,3891.4k $46.6k $46.6k 0.02% New
69 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,2301.2k $41.3k $41.3k 0.00% Reduced -190 -190
70 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 1,2001.2k $40.2k $40.2k 0.00% New
71 BlackRock, Inc. 0.00% of their portfolio New York, NY 994994 $33.3k $33.3k 0.00% Unchanged
72 TOTH FINANCIAL ADVISORY CORP 0.00% of their portfolio LEESBURG, VA 825825 $27.7k $27.7k 0.00% Unchanged
73 FNY Investment Advisers, LLC 0.01% of their portfolio NEW YORK, NY 600600 $20.0k $20.0k 0.01% New
74 Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio ORLAND PARK, IL 600600 $0 $0 0.00% New
75 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 550550 $18.4k $18.4k 0.00% New
76 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 200200 $6.7k $6.7k 0.00% Reduced -14.8k -14,821
77 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 200200 $6.7k $6.7k 0.00% Added +100 +100
78 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 109109 $3.7k $3.7k 0.00% Reduced -1.7k -1,709
79 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 8484 $2.8k $2.8k 0.00% Reduced -12.4k -12,408
80 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7474 $2.5k $2.5k 0.00% Unchanged
81 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 7373 $2.4k $2.4k 0.00% Added +73 +73
82 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 6262 $2.1k $2.1k 0.00% Added +55 +55
83 Main Street Group, LTD 0.00% of their portfolio GLEN ALLEN, VA 5858 $1.9k $1.9k 0.00% Reduced -941 -941
84 VERUS CAPITAL PARTNERS, LLC 0.00% of their portfolio SCOTTSDALE, AZ 2525 $839 $839 0.00% New
85 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 2424 $811 $811 0.00% Unchanged
86 Signature Resources Capital Management, LLC 0.00% of their portfolio NEWPORT BEACH, CA 2121 $704 $704 0.00% Unchanged
87 New England Capital Financial Advisors LLC 0.00% of their portfolio MERIDEN, CT 1919 $638 $638 0.00% Unchanged
88 Parkside Financial Bank & Trust 0.00% of their portfolio SAINT LOUIS, MO 1313 $440 $440 0.00% Unchanged
89 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 77 $235 $235 0.00% New
90 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $33 $33 0.00% Unchanged
91 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged