Vault-13

DIREXION SHS ETF TR QQQE

NAS100 EQL WGT · ETP · CUSIP 25459Y207

201 institutional holders +7 vs Q3 2025
6,328,6536.3m shares reported held*
$647.6mreported value*
22 new 65 added 60 reduced 18 sold out net sold ≈ $20.1m (-196.3k 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 ($417.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $102.32. Options: 3 managers hold calls ($8.7m notional), 2 hold puts ($654.8k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 104Q4 22: 119Q1 23: 136Q2 23: 131Q3 23: 152Q4 23: 181Q1 24: 207Q2 24: 205Q3 24: 219Q4 24: 229Q1 25: 214Q2 25: 210Q3 25: 194Q4 25: 201201Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022104
Q4 2022119
Q1 2023136
Q2 2023131
Q3 2023152
Q4 2023181
Q1 2024207
Q2 2024205
Q3 2024219
Q4 2024229
Q1 2025214
Q2 2025210
Q3 2025194
Q4 2025201

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 123 bought or addedQ1 24: 56 cut or sold outQ2 24: 81 bought or addedQ2 24: 82 cut or sold outQ2 24Q3 24: 90 bought or addedQ3 24: 96 cut or sold outQ4 24: 97 bought or addedQ4 24: 99 cut or sold outQ4 24Q1 25: 78 bought or addedQ1 25: 108 cut or sold outQ2 25: 82 bought or addedQ2 25: 104 cut or sold outQ2 25Q3 25: 80 bought or addedQ3 25: 89 cut or sold outQ4 25: 87 bought or addedQ4 25: 78 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202412356
Q2 20248182
Q3 20249096
Q4 20249799
Q1 202578108
Q2 202582104
Q3 20258089
Q4 20258778

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ1 25 calls: $3.5mQ1 25 puts: $776.0kQ1 25P/C 0.22Q2 25 calls: $5.7mQ2 25 puts: $1.1mQ2 25P/C 0.19Q3 25 calls: $9.7mQ3 25 puts: $487.7kQ3 25P/C 0.05Q4 25 calls: $8.7mQ4 25 puts: $654.8kQ4 25P/C 0.08
Numbers
QuarterCallsPutsP/C
Q1 2025$3.5m$776.0k0.22
Q2 2025$5.7m$1.1m0.19
Q3 2025$9.7m$487.7k0.05
Q4 2025$8.7m$654.8k0.08

Biggest buyers

SteelPeak Wealth, LLC New +556,321+556.3k
MORGAN STANLEY Added +200,167+200.2k
CITIGROUP INC Added +99,353+99.4k
Militia Capital Partners, LP New +55,600+55.6k
CITADEL ADVISORS LLC New +29,751+29.8k
UBS Group AG Added +28,901+28.9k
BNP PARIBAS FINANCIAL MARKETS Added +26,642+26.6k
Virtu Financial LLC New +23,515+23.5k
Jump Financial, LLC New +21,949+21.9k
JONES FINANCIAL COMPANIES LLLP Added +13,792+13.8k

Biggest sellers

AMERIPRISE FINANCIAL INC Reduced -570,129-570.1k
GOLDMAN SACHS GROUP INC Reduced -485,948-485.9k
TWO SIGMA INVESTMENTS, LP Sold out -43,900-43.9k
JPMORGAN CHASE & CO Reduced -37,288-37.3k
ROYAL BANK OF CANADA Reduced -29,637-29.6k
B&D White Capital Company, LLC Reduced -19,173-19.2k
LifeWealth Investments, LLC Reduced -14,179-14.2k
Qube Research & Technologies Ltd Reduced -12,370-12.4k
BANK OF AMERICA CORP /DE/ Reduced -10,942-10.9k
CreativeOne Wealth, LLC Sold out -10,268-10.3k

Biggest calls

Calamos Advisors LLC Reduced $7.3m71.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.1m10.8k shares
CITADEL ADVISORS LLC Added $286.5k2.8k shares

Biggest puts

CITADEL ADVISORS LLC Added $347.9k3.4k shares
Pavaki Capital Management LLC First filing $306.9k3.0k 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 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 695,869695.9k $71.2m $71.2m 0.00% Added +200.2k +200,167
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 637,358637.4k $65.2m $65.2m 0.00% Reduced -10.9k -10,942
3 SteelPeak Wealth, LLC 1.87% of their portfolio WOODLAND HILLS, CA 556,321556.3k $56.9m $56.9m 1.87% New
4 WADDELL & ASSOCIATES, LLC 2.85% of their portfolio MEMPHIS, TN 412,249412.2k $42.2m $42.2m 2.85% Added +4.3k +4,347
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 406,331406.3k $41.6m $41.6m 0.01% Added +13.2k +13,211
6 Endurance Services Ltd 6.29% of their portfolio PURCHASE, NY 347,500347.5k $35.6m $35.6m 6.29% Unchanged
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 225,759225.8k $23.1m $23.1m 0.00% Added +28.9k +28,901
8 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 216,059216.1k $22.1m $22.1m 0.00% Reduced -485.9k -485,948
9 INDEPENDENT FINANCIAL GROUP, LLC 0.45% of their portfolio SAN DIEGO, CA 197,717197.7k $20.2m $20.2m 0.45% Reduced -3.2k -3,160
10 Frisch Financial Group, Inc. 4.12% of their portfolio MELVILLE, NY 179,620179.6k $18.4m $18.4m 4.12% Reduced -886 -886
11 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 132,914132.9k $13.6m $13.6m 0.01% Added +26.6k +26,642
12 MRA Advisory Group 5.33% of their portfolio PARSIPPANY, NJ 124,104124.1k $12.7m $12.7m 5.33% Added +5.0k +4,951
13 Watershed Asset Management, L.L.C. 11.15% of their portfolio San Francisco, CA 116,700116.7k $11.9m $11.9m 11.15% First filing
14 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 100,158100.2k $10.2m $10.2m 0.01% Added +99.4k +99,353
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 92,46892.5k $9.5m $9.5m 0.00% Reduced -29.6k -29,637
16 Avestar Capital, LLC 0.58% of their portfolio New York, NY 82,53582.5k $8.4m $8.4m 0.58% Added +665 +665
17 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 79,06079.1k $8.1m $8.1m 0.01% Reduced -2.5k -2,462
18 LeConte Wealth Management, LLC 4.94% of their portfolio Maryville, TN 73,90973.9k $7.6m $7.6m 4.94% Reduced -9.9k -9,909
19 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 64,11164.1k $6.6m $6.6m 0.00% Added +13.8k +13,792
20 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 62,77962.8k $6.4m $6.4m 0.00% Reduced -570.1k -570,129
21 Militia Capital Partners, LP 1.08% of their portfolio AUSTIN, TX 55,60055.6k $5.7m $5.7m 1.08% New
22 Berkshire Money Management, Inc. 0.54% of their portfolio DALTON, MA 55,36855.4k $5.7m $5.7m 0.54% Reduced -945 -945
23 Beacon Pointe Advisors, LLC 0.04% of their portfolio NEWPORT BEACH, CA 53,78053.8k $5.5m $5.5m 0.04% Added +2.8k +2,793
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 53,06253.1k $5.4m $5.4m 0.00% Reduced -1.3k -1,330
25 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 52,41252.4k $5.4m $5.4m 0.00% Added +2.0k +2,047
26 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 50,93250.9k $5.2m $5.2m 0.01% Added +1.9k +1,872
27 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 48,66748.7k $5.0m $5.0m 0.01% Reduced -6.8k -6,797
28 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 45,38645.4k $4.6m $4.6m 0.00% Reduced -4.1k -4,116
29 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 43,00043.0k $4.4m $4.4m 0.01% Unchanged
30 SOL Capital Management CO 0.37% of their portfolio ROCKVILLE, MD 39,95140.0k $4.1m $4.1m 0.37% Reduced -1.2k -1,200
31 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 38,15538.2k $3.9m $3.9m 0.00% Added +1.4k +1,438
32 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.20% of their portfolio CEDAR RAPIDS, IA 37,08537.1k $3.8m $3.8m 0.20% Reduced -6.3k -6,317
33 White Pine Investment CO 0.84% of their portfolio LIVONIA, MI 34,64934.6k $3.5m $3.5m 0.84% Added +888 +888
34 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 32,23732.2k $3.3m $3.3m 0.00% Reduced -3.6k -3,636
35 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 29,75129.8k $3.0m $3.0m 0.00% New
36 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 27,99828.0k $2.9m $2.9m 0.00% Reduced -1.8k -1,833
37 Gateway Wealth Partners, LLC 0.31% of their portfolio APPLETON, WI 27,45227.5k $2.8m $2.8m 0.31% Added +1.2k +1,209
38 Cannon Advisors, Inc. 1.94% of their portfolio CHARLOTTE, NC 26,35526.4k $2.7m $2.7m 1.94% Reduced -1.4k -1,378
39 Virtu Financial LLC 0.09% of their portfolio New York, NY 23,51523.5k $2.4m $2.4m 0.09% New
40 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 23,46623.5k $2.4m $2.4m 0.01% Added +35 +35
41 Regal Investment Advisors LLC 0.14% of their portfolio KENTWOOD, MI 23,40123.4k $2.4m $2.4m 0.14% Added +301 +301
42 CWM, LLC 0.01% of their portfolio OMAHA, NE 22,31622.3k $2.3m $2.3m 0.01% Reduced -3.2k -3,221
43 Jump Financial, LLC 0.03% of their portfolio Chicago, IL 21,94921.9k $2.2m $2.2m 0.03% New
44 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 19,13519.1k $2.0m $2.0m 0.01% Added +2.5k +2,510
45 LifeWealth Investments, LLC 0.61% of their portfolio WINTER GARDEN, FL 18,92818.9k $1.9m $1.9m 0.61% Reduced -14.2k -14,179
46 Tradition Wealth Management, LLC 0.12% of their portfolio EDINA, MN 15,96416.0k $1.6m $1.6m 0.12% Reduced -583 -583
47 BECK CAPITAL MANAGEMENT, LLC 0.38% of their portfolio AUSTIN, TX 15,72415.7k $1.6m $1.6m 0.38% Added +137 +137
48 WARNER FINANCIAL, INC 0.55% of their portfolio BETHESDA, MD 15,48615.5k $1.6m $1.6m 0.55% Added +18 +18
49 FLAGSTAR SECURITIES, INC 0.48% of their portfolio New York, NY 14,06014.1k $1.4m $1.4m 0.48% Added +88 +88
50 Private Capital Management, LLC 0.13% of their portfolio NAPLES, FL 13,85613.9k $1.4m $1.4m 0.13% Added +225 +225
51 Mystic Asset Management, Inc. 0.31% of their portfolio Warwick, RI 13,41613.4k $1.4m $1.4m 0.31% Reduced -49 -49
52 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 12,85612.9k $1.3m $1.3m 0.01% Added +1.0k +1,034
53 COMERICA BANK 0.01% of their portfolio DALLAS, TX 12,79812.8k $1.3m $1.3m 0.01% Reduced -1.1k -1,086
54 CAP Partners, LLC 0.74% of their portfolio FRANKLIN, TN 12,68312.7k $1.3m $1.3m 0.74% Reduced -92 -92
55 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 12,46612.5k $1.3m $1.3m 0.00% Added +107 +107
56 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,82211.8k $1.2m $1.2m 0.00% Added +1.1k +1,076
57 Ameritas Investment Partners, Inc. 0.04% of their portfolio LINCOLN, NE 11,45011.4k $1.2m $1.2m 0.04% Added +496 +496
58 Mutual Advisors, LLC 0.02% of their portfolio OMAHA, NE 11,09911.1k $1.1m $1.1m 0.02% Added +235 +235
59 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 11,03311.0k $1.1m $1.1m 0.01% Reduced -5.1k -5,117
60 QTR Family Wealth, LLC 0.50% of their portfolio LAKE MARY, FL 10,94010.9k $1.1m $1.1m 0.50% Reduced -1.6k -1,650
61 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 10,88910.9k $1.1m $1.1m 0.01% Reduced -1.3k -1,271
62 Thayer Partners, LLC / MA 0.51% of their portfolio WYNDMOOR, PA 10,27710.3k $1.1m $1.1m 0.51% First filing
63 Paulson Wealth Management Inc. 0.24% of their portfolio West Palm Beach, FL 10,18610.2k $1.0m $1.0m 0.24% Reduced -738 -738
64 Fulton Bank, N.A. 0.03% of their portfolio Lancaster, PA 9,6279.6k $984.9k $984.9k 0.03% Added +725 +725
65 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 9,4389.4k $965.6k $965.6k 0.00% New
66 Marshall Financial Group, LLC 0.19% of their portfolio Hunt Valley, MD 9,4209.4k $963.8k $963.8k 0.19% Reduced -1.4k -1,354
67 Carr Financial Group Corp 0.25% of their portfolio WORCESTER, MA 9,1889.2k $940.1k $940.1k 0.25% Reduced -3.3k -3,349
68 Retirement Planning Co of New England, Inc. 0.34% of their portfolio Warwick, RI 8,2498.2k $844.0k $844.0k 0.34% Reduced -48 -48
69 Prism Advisors, Inc. 0.22% of their portfolio STUDIO CITY, CA 8,2468.2k $843.6k $843.6k 0.22% Reduced -2.6k -2,551
70 Ameritas Advisory Services, LLC 0.03% of their portfolio Lincoln, NE 7,3647.4k $753.4k $753.4k 0.03% Added +1.2k +1,222
71 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 7,3067.3k $747.5k $747.5k 0.00% Added +258 +258
72 SAX WEALTH ADVISORS, LLC 0.03% of their portfolio PARSIPPANY, NJ 6,8546.9k $701.2k $701.2k 0.03% Unchanged
73 Sowell Financial Services LLC 0.03% of their portfolio NORTH LITTLE ROCK, AR 6,7286.7k $688.4k $688.4k 0.03% Reduced -77 -77
74 MTM Investment Management, LLC 0.22% of their portfolio SPARTANBURG, SC 6,6166.6k $676.9k $676.9k 0.22% Added +556 +556
75 SeaCrest Wealth Management, LLC 0.07% of their portfolio PURCHASE, NY 6,4196.4k $673.0k $673.0k 0.07% Unchanged
76 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 6,3686.4k $652.0k $652.0k 0.02% New
77 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 6,3596.4k $650.6k $650.6k 0.01% Reduced -76 -76
78 KMG FIDUCIARY PARTNERS, LLC 0.04% of their portfolio TOLEDO, OH 6,1426.1k $628.3k $628.3k 0.04% Reduced -20 -20
79 Migdal Insurance & Financial Holdings Ltd. 0.01% of their portfolio Petach Tikva, L3 6,1176.1k $628.0k $628.0k 0.01% Reduced -1.0k -1,034
80 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 6,1126.1k $625.4k $625.4k 0.00% Added +264 +264
81 Focus Financial Network, Inc. 0.02% of their portfolio MINNEAPOLIS, MN 5,6765.7k $580.7k $580.7k 0.02% Reduced -44 -44
82 Ballast Rock Private Wealth LLC 0.36% of their portfolio CHARLESTON, SC 5,6145.6k $574.3k $574.3k 0.36% First filing
83 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,2455.2k $536.6k $536.6k 0.00% Added +652 +652
84 Oxinas Partners, LLC 0.26% of their portfolio JEFFERSONVILLE, IN 5,2285.2k $534.9k $534.9k 0.26% Reduced -1.6k -1,620
85 Cascades Capital Asset Management, LLC 0.22% of their portfolio GREENSBORO, NC 5,2285.2k $534.9k $534.9k 0.22% Reduced -3.5k -3,492
86 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 5,1835.2k $530.3k $530.3k 0.00% Reduced -700 -700
87 Peak Planning Group, LLC 0.15% of their portfolio CENTENNIAL, CO 5,1515.2k $527.0k $527.0k 0.15% Added +1 +1
88 Parallel Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 5,1265.1k $524.4k $524.4k 0.01% Unchanged
89 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 4,9655.0k $508.0k $508.0k 0.01% Added +479 +479
90 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 4,9625.0k $507.7k $507.7k 0.00% New
91 TRAPHAGEN INVESTMENT ADVISORS LLC 0.04% of their portfolio ORADELL, NJ 4,8984.9k $501.1k $501.1k 0.04% Added +688 +688
92 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 4,8004.8k $490.8k $490.8k 0.00% Unchanged
93 Key Financial Inc 0.09% of their portfolio WEST CHESTER, PA 4,6494.6k $475.6k $475.6k 0.09% Unchanged
94 Mill Creek Capital Advisors, LLC 0.01% of their portfolio Conshohocken, PA 4,5224.5k $462.6k $462.6k 0.01% Unchanged
95 TOTAL INVESTMENT MANAGEMENT INC 0.06% of their portfolio SCOTTSDALE, AZ 4,3894.4k $449.0k $449.0k 0.06% Reduced -607 -607
96 STAR Financial Bank 0.23% of their portfolio FORT WAYNE, IN 4,3364.3k $443.6k $443.6k 0.23% Unchanged
97 B&D White Capital Company, LLC 0.05% of their portfolio Lakeway, TX 4,2024.2k $429.9k $429.9k 0.05% Reduced -19.2k -19,173
98 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 4,1984.2k $429.5k $429.5k 0.00% Added +1.6k +1,626
99 Western Wealth Management, LLC 0.02% of their portfolio GOLDEN, CO 4,1034.1k $419.7k $419.7k 0.02% Reduced -448 -448
100 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 4,0754.1k $416.9k $416.9k 0.00% New