Vault-13

DIREXION SHS ETF TR SPXL

DRX S&P500BULL · ETP · CUSIP 25459W862

139 institutional holders -17 vs Q4 2025
3,778,9093.8m shares reported held*
$697.1mreported value*
22 new 45 added 44 reduced 39 sold out net sold ≈ $279.9m (-1.5m 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 ≈ $184.46. Options: 5 managers hold calls ($368.7m notional), 4 hold puts ($263.5m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 87Q4 22: 96Q1 23: 94Q2 23: 99Q3 23: 105Q4 23: 112Q1 24: 115Q2 24: 121Q3 24: 134Q4 24: 145Q1 25: 134Q2 25: 138Q3 25: 147Q4 25: 156Q1 26: 139139Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202287
Q4 202296
Q1 202394
Q2 202399
Q3 2023105
Q4 2023112
Q1 2024115
Q2 2024121
Q3 2024134
Q4 2024145
Q1 2025134
Q2 2025138
Q3 2025147
Q4 2025156
Q1 2026139

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 58 bought or addedQ2 24: 45 cut or sold outQ3 24: 76 bought or addedQ3 24: 47 cut or sold outQ3 24Q4 24: 66 bought or addedQ4 24: 69 cut or sold outQ1 25: 59 bought or addedQ1 25: 72 cut or sold outQ1 25Q2 25: 80 bought or addedQ2 25: 60 cut or sold outQ3 25: 70 bought or addedQ3 25: 75 cut or sold outQ3 25Q4 25: 61 bought or addedQ4 25: 72 cut or sold outQ1 26: 67 bought or addedQ1 26: 83 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20245845
Q3 20247647
Q4 20246669
Q1 20255972
Q2 20258060
Q3 20257075
Q4 20256172
Q1 20266783

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ2 25 calls: $426.1mQ2 25 puts: $319.3mQ2 25P/C 0.75Q3 25 calls: $436.6mQ3 25 puts: $463.0mQ3 25P/C 1.06Q4 25 calls: $486.0mQ4 25 puts: $353.1mQ4 25P/C 0.73Q1 26 calls: $368.7mQ1 26 puts: $263.5mQ1 26P/C 0.71
Numbers
QuarterCallsPutsP/C
Q2 2025$426.1m$319.3m0.75
Q3 2025$436.6m$463.0m1.06
Q4 2025$486.0m$353.1m0.73
Q1 2026$368.7m$263.5m0.71

Biggest buyers

GOLDMAN SACHS GROUP INC Added +99,729+99.7k
FLOW TRADERS U.S. LLC Added +33,800+33.8k
XTX Topco Ltd Added +23,894+23.9k
Westwood Wealth Management New +19,210+19.2k
J. Safra Sarasin Holding AG Added +16,400+16.4k
Optiver Holding B.V. Added +14,700+14.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +13,441+13.4k
Q3 Asset Management Added +11,764+11.8k
JANE STREET GROUP, LLC New +10,557+10.6k
Squarepoint Ops LLC New +9,581+9.6k

Biggest sellers

Howard Capital Management, LLC Reduced -1,437,269-1.4m
Virtu Financial LLC Sold out -55,957-56.0k
Corient Private Wealth LP Reduced -27,064-27.1k
CITADEL ADVISORS LLC Sold out -25,566-25.6k
RENAISSANCE TECHNOLOGIES LLC Sold out -22,300-22.3k
BXM Wealth LLC Reduced -21,775-21.8k
Wealthstar Advisors, LLC Reduced -20,852-20.9k
Timothy G. Youngquist 2020 Irrevocable Trust Sold out -19,634-19.6k
PPSC Investment Service Corp Reduced -17,733-17.7k
Modern Wealth Management, LLC Sold out -17,158-17.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $162.9m881.0k shares
CITADEL ADVISORS LLC Reduced $118.5m640.9k shares
JANE STREET GROUP, LLC Added $86.2m466.0k shares
Walleye Trading LLC Unchanged $832.0k4.5k shares
Insight Wealth Partners, LLC New $369.8k2.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $107.8m582.9k shares
CITADEL ADVISORS LLC Reduced $94.3m509.9k shares
JANE STREET GROUP, LLC Reduced $61.2m330.8k shares
Silverleafe Capital Partners, LLC New $332.8k1.8k 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 PPSC Investment Service Corp 36.93% of their portfolio TOKYO, M0 2,532,8122.5m $468.3m $468.3m 36.93% Reduced -17.7k -17,733
2 Wealthstar Advisors, LLC 16.26% of their portfolio Plano, TX 147,742147.7k $27.3m $27.3m 16.26% Reduced -20.9k -20,852
3 SBI Securities Co., Ltd. 0.67% of their portfolio TOKYO, M0 132,311132.3k $24.5m $24.5m 0.67% Reduced -5.5k -5,516
4 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 125,397125.4k $23.2m $23.2m 0.00% Added +99.7k +99,729
5 Insight Wealth Partners, LLC 7.22% of their portfolio Plano, TX 96,58996.6k $17.9m $17.9m 7.22% Reduced -2.6k -2,569
6 FLOW TRADERS U.S. LLC 0.31% of their portfolio NEW YORK, NY 53,86053.9k $10.0m $10.0m 0.31% Added +33.8k +33,800
7 Traynor Capital Management, Inc. 0.49% of their portfolio MALVERN, PA 48,15648.2k $8.2m $8.2m 0.49% Added +1.3k +1,284
8 J. Safra Sarasin Holding AG 0.11% of their portfolio BASEL, V8 36,40036.4k $6.7m $6.7m 0.11% Added +16.4k +16,400
9 Spire Wealth Management 0.23% of their portfolio MCLEAN, VA 35,81235.8k $6.6m $6.6m 0.23% Added +2.3k +2,338
10 Optiver Holding B.V. 0.22% of their portfolio AMSTERDAM, P7 31,38031.4k $5.8m $5.8m 0.22% Added +14.7k +14,700
11 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 26,37026.4k $4.9m $4.9m 0.01% Reduced -27.1k -27,064
12 XTX Topco Ltd 0.08% of their portfolio LONDON, X0 25,59525.6k $4.7m $4.7m 0.08% Added +23.9k +23,894
13 SMITH CHAS P & ASSOCIATES PA CPAS 0.25% of their portfolio LAKELAND, FL 25,25625.3k $4.7m $4.7m 0.25% Reduced -21 -21
14 IMC-Chicago, LLC 0.06% of their portfolio CHICAGO, IL 22,57022.6k $4.2m $4.2m 0.06% Reduced -8.2k -8,162
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 19,52219.5k $3.6m $3.6m 0.00% Added +13.4k +13,441
16 Westwood Wealth Management 1.39% of their portfolio Los Angeles, CA 19,21019.2k $3.6m $3.6m 1.39% New
17 Finward Bancorp 2.60% of their portfolio Munster, IN 17,60017.6k $3.3m $3.3m 2.60% Unchanged
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 17,49617.5k $3.0m $3.0m 0.00% Added +405 +405
19 Blue Sky Capital Consultants Group, Inc. 1.51% of their portfolio Poway, CA 17,09917.1k $3.2m $3.2m 1.51% Reduced -43 -43
20 Jump Financial, LLC 0.05% of their portfolio Chicago, IL 16,65916.7k $3.1m $3.1m 0.05% Reduced -2.3k -2,339
21 Q3 Asset Management 0.74% of their portfolio BIRMINGHAM, MI 16,58116.6k $3.1m $3.1m 0.74% Added +11.8k +11,764
22 GTS SECURITIES LLC 0.10% of their portfolio NEW YORK, NY 15,06415.1k $2.8m $2.8m 0.10% Reduced -7.2k -7,227
23 Revere Asset Management, Inc 1.33% of their portfolio DALLAS, TX 14,00014.0k $2.6m $2.6m 1.33% Reduced -57 -57
24 Howard Capital Management, LLC 0.04% of their portfolio Alpharetta, GA 13,73913.7k $2.5m $2.5m 0.04% Reduced -1.4m -1,437,269
25 Charter Oak Capital Management, LLC 0.18% of their portfolio PORTSMOUTH, NH 12,33212.3k $2.3m $2.3m 0.18% Added +31 +31
26 Discipline Wealth Solutions, LLC 0.23% of their portfolio GREENVILLE, SC 11,86911.9k $2.2m $2.2m 0.23% Added +743 +743
27 CreativeOne Wealth, LLC 0.05% of their portfolio OVERLAND PARK, KS 11,68811.7k $2.2m $2.2m 0.05% Added +3.0k +2,988
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 10,55710.6k $2.0m $2.0m 0.00% New
29 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 9,5819.6k $1.8m $1.8m 0.00% New
30 EverSource Wealth Advisors, LLC 0.05% of their portfolio BIRMINGHAM, AL 8,9669.0k $1.7m $1.7m 0.05% Added +1.9k +1,939
31 Wealth Management Nebraska 0.05% of their portfolio Norfolk, NE 8,0808.1k $509.8k $509.8k 0.05% Added +5.1k +5,124
32 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 7,7687.8k $1.4m $1.4m 0.02% Added +3.7k +3,666
33 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,1236.1k $1.1m $1.1m 0.00% Reduced -821 -821
34 Kelly Financial Services LLC 0.24% of their portfolio BRAINTREE, MA 5,3235.3k $984.1k $984.1k 0.24% Added +114 +114
35 CITIZENS FINANCIAL GROUP INC/RI 0.01% of their portfolio PROVIDENCE, RI 5,2675.3k $973.8k $973.8k 0.01% Unchanged
36 Evolution Wealth Advisors, LLC 0.10% of their portfolio AVENTURA, FL 5,2305.2k $967.0k $967.0k 0.10% New
37 Covestor Ltd 0.66% of their portfolio LONDON, X0 5,1385.1k $950.0k $950.0k 0.66% Reduced -251 -251
38 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,8364.8k $894.1k $894.1k 0.00% Added +3.5k +3,506
39 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 4,6934.7k $867.7k $867.7k 0.00% New
40 NorthRock Partners, LLC 0.01% of their portfolio MINNEAPOLIS, MN 4,4184.4k $816.8k $816.8k 0.01% Added +3.4k +3,419
41 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 4,2734.3k $790.0k $790.0k 0.01% Reduced -9.8k -9,837
42 Tower Research Capital LLC (TRC) 0.02% of their portfolio NEW YORK, NY 4,2184.2k $779.9k $779.9k 0.02% Added +559 +559
43 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 4,1544.2k $768.0k $768.0k 0.00% Reduced -287 -287
44 Millington Financial Advisors, LLC 0.42% of their portfolio NAPERVILLE, IL 4,1084.1k $999.5k $999.5k 0.42% Unchanged
45 PMV Capital Advisers, LLC 1.27% of their portfolio DALLAS, TX 4,0764.1k $753.7k $753.7k 1.27% Reduced -656 -656
46 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 3,9614.0k $732.4k $732.4k 0.00% Unchanged
47 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 3,8803.9k $717.3k $717.3k 0.00% New
48 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.01% of their portfolio PORTLAND, OR 3,6003.6k $665.6k $665.6k 0.01% Unchanged
49 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 3,1803.2k $588.0k $588.0k 0.00% Added +1.8k +1,780
50 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 3,1313.1k $578.9k $578.9k 0.01% Added +1.2k +1,230
51 Mittelman Wealth Management 0.36% of their portfolio ANDOVER, MA 3,1223.1k $577.2k $577.2k 0.36% Unchanged
52 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 3,0753.1k $568.6k $568.6k 0.00% Reduced -3.4k -3,421
53 Alternative Investment Advisors, LLC. 0.25% of their portfolio Maitland, FL 3,0443.0k $562.9k $562.9k 0.25% Added +499 +499
54 Net Worth Advisory Group 0.11% of their portfolio SANDY, UT 2,9242.9k $540.7k $540.7k 0.11% Added +194 +194
55 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 2,9162.9k $539.1k $539.1k 0.00% Reduced -1.5k -1,520
56 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 2,9132.9k $538.6k $538.6k 0.00% Reduced -5.6k -5,564
57 Summit Financial Strategies, Inc. 0.04% of their portfolio Columbus, OH 2,8912.9k $534.5k $534.5k 0.04% Added +1.2k +1,239
58 Stratos Wealth Advisors, LLC 0.03% of their portfolio BEACHWOOD, OH 2,8042.8k $518.6k $518.6k 0.03% Added +7 +7
59 Larson Financial Group LLC 0.02% of their portfolio ST LOUIS, MO 2,7872.8k $515.2k $515.2k 0.02% Unchanged
60 Xcelsior Advisor Partners LLC 0.19% of their portfolio Scottsdale, AZ 2,7502.8k $508.4k $508.4k 0.19% Unchanged
61 Wallace Advisory Group, LLC 0.53% of their portfolio LAFAYETTE, CA 2,6592.7k $491.6k $491.6k 0.53% Added +95 +95
62 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 2,6242.6k $485.2k $485.2k 0.00% New
63 Trinity Legacy Partners, LLC 0.12% of their portfolio HOUSTON, TX 2,5302.5k $565.9k $565.9k 0.12% Added +859 +859
64 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 2,5172.5k $465.4k $465.4k 0.01% New
65 BXM Wealth LLC 0.35% of their portfolio Englewood, CO 2,4922.5k $460.7k $460.7k 0.35% Reduced -21.8k -21,775
66 Significant Wealth Partners LLC 0.56% of their portfolio CARY, IL 2,4792.5k $458.4k $458.4k 0.56% Reduced -375 -375
67 Marex Group Ltd 0.00% of their portfolio London, X0 2,4512.5k $453.2k $453.2k 0.00% New
68 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 2,4502.5k $453.0k $453.0k 0.02% Reduced -345 -345
69 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 2,3442.3k $433.3k $433.3k 0.00% Added +306 +306
70 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 2,2352.2k $413.2k $413.2k 0.00% New
71 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 2,2002.2k $406.8k $406.8k 0.00% Unchanged
72 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 2,1342.1k $394.6k $394.6k 0.00% Reduced -297 -297
73 Belvedere Trading LLC 0.05% of their portfolio CHICAGO, IL 2,0162.0k $372.7k $372.7k 0.05% Reduced -1.4k -1,351
74 RAMSEY QUANTITATIVE SYSTEMS 0.38% of their portfolio LOUISVILLE, KY 2,0002.0k $369.8k $369.8k 0.38% New
75 Clear Harbor Asset Management, LLC 0.03% of their portfolio Stamford, CT 2,0002.0k $369.8k $369.8k 0.03% Unchanged
76 CPR Investments Inc. 0.25% of their portfolio Rochester, MI 1,9922.0k $368.2k $368.2k 0.25% Reduced -1.6k -1,629
77 Betterment LLC 0.00% of their portfolio NEW YORK, NY 1,9882.0k $368.0k $368.0k 0.00% Added +366 +366
78 Walser Wealth Management Company, A Ltd Liability Co 0.16% of their portfolio TAMPA, FL 1,9782.0k $365.7k $365.7k 0.16% New
79 Wealth Watch Advisors, INC 0.15% of their portfolio ENGLEWOOD, CO 1,9732.0k $364.8k $364.8k 0.15% Added +933 +933
80 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 1,9632.0k $362.9k $362.9k 0.00% Reduced -2.7k -2,657
81 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 1,8961.9k $350.5k $350.5k 0.00% Reduced -207 -207
82 Silverleafe Capital Partners, LLC 0.10% of their portfolio GERMANTOWN, TN 1,7391.7k $321.4k $321.4k 0.10% New
83 Flavin Financial Services, Inc. 0.22% of their portfolio MELBOURNE, FL 1,7321.7k $320.2k $320.2k 0.22% Unchanged
84 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,6681.7k $308.3k $308.3k 0.00% Added +585 +585
85 Ellis Investment Partners, LLC 0.05% of their portfolio Berwyn, PA 1,6601.7k $307.0k $307.0k 0.05% Reduced -548 -548
86 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 1,6521.7k $305.4k $305.4k 0.01% Added +253 +253
87 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,6101.6k $297.6k $297.6k 0.00% Reduced -351 -351
88 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 1,5781.6k $291.9k $291.9k 0.00% Reduced -33 -33
89 New Perspectives, Inc 0.10% of their portfolio TOUGALOO, MS 1,5501.6k $286.6k $286.6k 0.10% Added +125 +125
90 BANTAMAC CAPITAL, LLC 0.21% of their portfolio CHICAGO, IL 1,5371.5k $284.2k $284.2k 0.21% Added +547 +547
91 LifeGuide Financial Advisors, LLC 0.09% of their portfolio MECHANICSBURG, PA 1,4601.5k $269.9k $269.9k 0.09% Added +104 +104
92 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 1,4541.5k $268.8k $268.8k 0.00% Unchanged
93 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 1,4501.4k $268.1k $268.1k 0.01% New
94 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,4121.4k $261.1k $261.1k 0.00% Reduced -29 -29
95 CRA Financial Services, LLC 0.03% of their portfolio NORTHFIELD, NJ 1,3661.4k $252.6k $252.6k 0.03% Added +135 +135
96 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 1,2981.3k $240.0k $240.0k 0.00% Added +1.2k +1,175
97 AlphaStar Capital Management, LLC 0.02% of their portfolio CORNELIUS, NC 1,2191.2k $225.4k $225.4k 0.02% Added +179 +179
98 TWO SIGMA SECURITIES, LLC 0.02% of their portfolio NEW YORK, NY 1,1451.1k $211.7k $211.7k 0.02% Reduced -702 -702
99 Edge Wealth Management LLC 0.03% of their portfolio NEW YORK, NY 1,1001.1k $203.4k $203.4k 0.03% New
100 Onyx Bridge Wealth Group LLC 0.02% of their portfolio TARRYTOWN, NY 1,0981.1k $203.1k $203.1k 0.02% Added +18 +18