Vault-13

DIREXION SHS ETF TR TNA

DLY SMCAP BULL3X · ETP · CUSIP 25459W847

76 institutional holders -9 vs Q4 2025
2,041,4802.0m shares reported held*
$89.9mreported value*
23 new 18 added 17 reduced 34 sold out net sold ≈ $3.1m (-70.7k 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 ≈ $44.03. Options: 4 managers hold calls ($212.9m notional), 4 hold puts ($250.6m).

Trends to Q1 2026

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: 91Q3 25: 102Q4 25: 85Q1 26: 7676Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025102
Q4 202585
Q1 202676

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 41 bought or addedQ2 24: 47 cut or sold outQ3 24: 57 bought or addedQ3 24: 46 cut or sold outQ3 24Q4 24: 52 bought or addedQ4 24: 55 cut or sold outQ1 25: 37 bought or addedQ1 25: 61 cut or sold outQ1 25Q2 25: 56 bought or addedQ2 25: 42 cut or sold outQ3 25: 49 bought or addedQ3 25: 53 cut or sold outQ3 25Q4 25: 34 bought or addedQ4 25: 60 cut or sold outQ1 26: 41 bought or addedQ1 26: 51 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20244147
Q3 20245746
Q4 20245255
Q1 20253761
Q2 20255642
Q3 20254953
Q4 20253460
Q1 20264151

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ2 25 calls: $305.9mQ2 25 puts: $179.5mQ2 25P/C 0.59Q3 25 calls: $341.2mQ3 25 puts: $252.4mQ3 25P/C 0.74Q4 25 calls: $299.3mQ4 25 puts: $260.0mQ4 25P/C 0.87Q1 26 calls: $212.9mQ1 26 puts: $250.6mQ1 26P/C 1.18
Numbers
QuarterCallsPutsP/C
Q2 2025$305.9m$179.5m0.59
Q3 2025$341.2m$252.4m0.74
Q4 2025$299.3m$260.0m0.87
Q1 2026$212.9m$250.6m1.18

Biggest buyers

UBS Group AG Added +300,778+300.8k
ROYAL BANK OF CANADA Added +204,017+204.0k
GTS SECURITIES LLC New +134,092+134.1k
FLOW TRADERS U.S. LLC New +114,912+114.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +96,137+96.1k
Momentum Wealth Planning, LLC New +59,277+59.3k
JANE STREET GROUP, LLC New +58,729+58.7k
Baker Avenue Asset Management, LP Added +52,500+52.5k
IMC-Chicago, LLC New +38,829+38.8k
GOLDMAN SACHS GROUP INC Added +35,110+35.1k

Biggest sellers

Quadrature Capital Ltd Reduced -456,851-456.9k
Tidal Investments LLC Sold out -154,248-154.2k
Ridgepath Capital Management LLC Sold out -128,722-128.7k
CITADEL ADVISORS LLC Reduced -77,912-77.9k
Encompass More Asset Management Sold out -68,892-68.9k
GROUP ONE TRADING LLC Sold out -61,556-61.6k
Spire Wealth Management Reduced -51,502-51.5k
JPMORGAN CHASE & CO Reduced -42,798-42.8k
HRT FINANCIAL LP Sold out -37,655-37.7k
RBF Capital, LLC Sold out -30,000-30.0k

Biggest calls

CITADEL ADVISORS LLC Added $92.4m2.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $80.9m1.8m shares
JANE STREET GROUP, LLC Reduced $39.5m895.1k shares
HOLLENCREST CAPITAL MANAGEMENT New $4.4k100 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $151.8m3.4m shares
CITADEL ADVISORS LLC Added $56.2m1.3m shares
JANE STREET GROUP, LLC Reduced $42.3m959.5k shares
Astra Wealth Partners LLC Added $273.6k6.2k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 UBS Group AG 0.00% of their portfolio ZURICH, V8 401,334401.3k $17.7m $17.7m 0.00% Added +300.8k +300,778
2 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 204,037204.0k $9.0m $9.0m 0.00% Added +204.0k +204,017
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 202,024202.0k $8.9m $8.9m 0.01% Added +96.1k +96,137
4 GTS SECURITIES LLC 0.21% of their portfolio NEW YORK, NY 134,092134.1k $5.9m $5.9m 0.21% New
5 FLOW TRADERS U.S. LLC 0.16% of their portfolio NEW YORK, NY 114,912114.9k $5.1m $5.1m 0.16% New
6 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 94,01094.0k $4.1m $4.1m 0.00% Added +35.1k +35,110
7 Timothy G. Youngquist 2020 Irrevocable Trust 1.92% of their portfolio FORT MYERS, FL 89,07989.1k $3.9m $3.9m 1.92% Unchanged
8 ICON ADVISERS INC/CO 0.88% of their portfolio GREENWOOD VILLAGE, CO 86,80086.8k $3.8m $3.8m 0.88% Added +1.2k +1,250
9 Baker Avenue Asset Management, LP 0.07% of their portfolio SAN FRANCISCO, CA 67,50067.5k $3.0m $3.0m 0.07% Added +52.5k +52,500
10 Momentum Wealth Planning, LLC 2.37% of their portfolio ESTERO, FL 59,27759.3k $2.6m $2.6m 2.37% New
11 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 58,72958.7k $2.6m $2.6m 0.00% New
12 Physician Wealth Advisors, Inc. 0.26% of their portfolio MIDVALE, UT 42,58142.6k $1.9m $1.9m 0.26% Unchanged
13 IMC-Chicago, LLC 0.03% of their portfolio CHICAGO, IL 38,82938.8k $1.7m $1.7m 0.03% New
14 Tower Research Capital LLC (TRC) 0.04% of their portfolio NEW YORK, NY 34,34234.3k $1.5m $1.5m 0.04% Added +33.2k +33,201
15 Viewpoint Capital Management LLC 0.57% of their portfolio SEATTLE, WA 27,80027.8k $1.2m $1.2m 0.57% Added +2.0k +2,000
16 Westwood Wealth Management 0.43% of their portfolio Los Angeles, CA 24,66524.7k $1.1m $1.1m 0.43% New
17 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 24,46724.5k $1.1m $1.1m 0.01% Reduced -456.9k -456,851
18 Parkshore Wealth Management, Inc. 0.36% of their portfolio Granite Bay, CA 24,41124.4k $1.1m $1.1m 0.36% Added +6.6k +6,635
19 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 22,27322.3k $982.9k $982.9k 0.01% New
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 20,97121.0k $838.2k $838.2k 0.00% Reduced -42.8k -42,798
21 Blue Sky Capital Consultants Group, Inc. 0.39% of their portfolio Poway, CA 18,39918.4k $811.9k $811.9k 0.39% Unchanged
22 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 16,72816.7k $738.2k $738.2k 0.01% Reduced -5.1k -5,148
23 Retirement Planning Co of New England, Inc. 0.29% of their portfolio Warwick, RI 15,91315.9k $702.2k $702.2k 0.29% Reduced -164 -164
24 Forum Finance Group S.A. 0.28% of their portfolio GENEVA, V8 13,63013.6k $508.0k $508.0k 0.28% First filing
25 Belvedere Trading LLC 0.08% of their portfolio CHICAGO, IL 13,59513.6k $599.9k $599.9k 0.08% New
26 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 13,32613.3k $588.1k $588.1k 0.01% Unchanged
27 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 12,89612.9k $569.1k $569.1k 0.01% New
28 Ellis Investment Partners, LLC 0.09% of their portfolio Berwyn, PA 11,99012.0k $529.1k $529.1k 0.09% Reduced -3.6k -3,643
29 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 11,90611.9k $525.4k $525.4k 0.02% Reduced -1.9k -1,938
30 Significant Wealth Partners LLC 0.62% of their portfolio CARY, IL 11,37011.4k $501.8k $501.8k 0.62% Reduced -19 -19
31 CROSSPOINT FINANCIAL, LLC 1.08% of their portfolio TUSTIN, CA 9,7699.8k $431.1k $431.1k 1.08% Added +3.8k +3,750
32 NATIXIS 0.00% of their portfolio PARIS, I0 8,7358.7k $367.0k $367.0k 0.00% New
33 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 8,1828.2k $361.1k $361.1k 0.00% New
34 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 7,7767.8k $343.2k $343.2k 0.00% Reduced -77.9k -77,912
35 SBI Securities Co., Ltd. 0.01% of their portfolio TOKYO, M0 6,7656.8k $298.5k $298.5k 0.01% Reduced -22.5k -22,503
36 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,6956.7k $295.5k $295.5k 0.00% New
37 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 6,5116.5k $287.3k $287.3k 0.00% New
38 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 6,2716.3k $276.7k $276.7k 0.00% Reduced -1.2k -1,243
39 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,0326.0k $266.2k $266.2k 0.00% Added +5.4k +5,411
40 JOURNEY STRATEGIC WEALTH LLC 0.01% of their portfolio SUMMIT, NJ 6,0006.0k $264.8k $264.8k 0.01% Reduced -4.0k -4,000
41 McGuire Investment Group, LLC 0.03% of their portfolio WAKEFIELD, RI 5,7755.8k $254.9k $254.9k 0.03% Unchanged
42 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 5,0015.0k $220.7k $220.7k 0.00% New
43 Integras Partners LLC 0.14% of their portfolio Alpharetta, GA 4,9555.0k $218.7k $218.7k 0.14% Unchanged
44 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 4,9144.9k $216.9k $216.9k 0.00% Added +2.4k +2,400
45 Verdence Capital Advisors LLC 0.01% of their portfolio HUNT VALLEY, MD 4,7404.7k $209.2k $209.2k 0.01% Unchanged
46 Private Capital Management, LLC 0.02% of their portfolio NAPLES, FL 4,7004.7k $207.4k $207.4k 0.02% Unchanged
47 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 4,3534.4k $192.1k $192.1k 0.00% New
48 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 4,0004.0k $176.5k $176.5k 0.00% Reduced -4.1k -4,100
49 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.06% of their portfolio INDIANAPOLIS, IN 3,4983.5k $154.4k $154.4k 0.06% Added +1.7k +1,726
50 Covestor Ltd 0.08% of their portfolio LONDON, X0 2,6272.6k $116.0k $116.0k 0.08% Added +1.2k +1,190
51 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 1,9902.0k $87.8k $87.8k 0.00% Reduced -51.5k -51,502
52 Bernard Wealth Management Corp. 0.04% of their portfolio ROYAL OAK, MI 1,8921.9k $83.5k $83.5k 0.04% Added +1 +1
53 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,4431.4k $63.7k $63.7k 0.00% Added +154 +154
54 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,3991.4k $61.7k $61.7k 0.00% Added +501 +501
55 BlackRock, Inc. 0.00% of their portfolio New York, NY 994994 $43.8k $43.8k 0.00% Unchanged
56 MRP Capital Investments, LLC 0.03% of their portfolio ALPHARETTA, GA 878878 $38.7k $38.7k 0.03% New
57 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 630630 $27.8k $27.8k 0.00% New
58 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 605605 $26.7k $26.7k 0.00% Reduced -150 -150
59 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 400400 $17.7k $17.7k 0.00% Unchanged
60 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 340340 $15.0k $15.0k 0.00% Reduced -4.4k -4,447
61 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 320320 $14.1k $14.1k 0.00% New
62 CONSULTIVA WEALTH MANAGEMENT, CORP. 0.04% of their portfolio SAN JUAN, PR 300300 $13.2k $13.2k 0.04% Unchanged
63 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 200200 $8.8k $8.8k 0.00% Reduced -200 -200
64 Copia Wealth Management 0.01% of their portfolio BEND, OR 184184 $8.1k $8.1k 0.01% Unchanged
65 TOTH FINANCIAL ADVISORY CORP 0.00% of their portfolio LEESBURG, VA 130130 $5.7k $5.7k 0.00% New
66 My Portfolio Guide, LLC 0.00% of their portfolio SEAL BEACH, CA 100100 $4.4k $4.4k 0.00% First filing
67 Caldwell Trust Co 0.00% of their portfolio Venice, FL 8989 $3.9k $3.9k 0.00% New
68 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 8484 $3.7k $3.7k 0.00% Unchanged
69 Boreal Capital Management LLC 0.00% of their portfolio MIAMI, FL 8080 $3.5k $3.5k 0.00% Unchanged
70 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 6363 $2.8k $2.8k 0.00% Added +1 +1
71 Main Street Group, LTD 0.00% of their portfolio GLEN ALLEN, VA 5858 $2.6k $2.6k 0.00% New
72 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 4040 $1.8k $1.8k 0.00% Unchanged
73 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 2828 $1.3k $1.3k 0.00% New
74 AMERIFLEX GROUP, INC. 0.00% of their portfolio LAS VEGAS, NV 2626 $1.1k $1.1k 0.00% New
75 Signature Resources Capital Management, LLC 0.00% of their portfolio NEWPORT BEACH, CA 2121 $927 $927 0.00% Unchanged
76 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $46 $46 0.00% Reduced -1 -1