Vault-13

DIREXION SHS ETF TR TZA

DAILY SM CP BEAR · ETP · CUSIP 25460E232

43 institutional holders -5 vs Q2 2023
1,759,2431.8m shares reported held*
$54.5mreported value*
10 new 12 added 11 reduced 14 sold out net sold ≈ $7.3m (-235.2k 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 ≈ $30.98. Options: 5 managers hold calls ($58.9m notional), 7 hold puts ($27.7m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 38Q4 22: 29Q1 23: 38Q2 23: 48Q3 23: 4343Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202238
Q4 202229
Q1 202338
Q2 202348
Q3 202343

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 14 bought or addedQ4 22: 24 cut or sold outQ4 22Q1 23: 28 bought or addedQ1 23: 11 cut or sold outQ1 23Q2 23: 27 bought or addedQ2 23: 18 cut or sold outQ2 23Q3 23: 22 bought or addedQ3 23: 25 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221424
Q1 20232811
Q2 20232718
Q3 20232225

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ4 22 calls: $119.5mQ4 22 puts: $51.0mQ4 22P/C 0.43Q1 23 calls: $48.2mQ1 23 puts: $45.4mQ1 23P/C 0.94Q2 23 calls: $34.2mQ2 23 puts: $17.5mQ2 23P/C 0.51Q3 23 calls: $58.9mQ3 23 puts: $27.7mQ3 23P/C 0.47
Numbers
QuarterCallsPutsP/C
Q4 2022$119.5m$51.0m0.43
Q1 2023$48.2m$45.4m0.94
Q2 2023$34.2m$17.5m0.51
Q3 2023$58.9m$27.7m0.47

Biggest buyers

JANE STREET GROUP, LLC Added +387,817+387.8k
CITADEL ADVISORS LLC Added +298,027+298.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +74,656+74.7k
GOLDMAN SACHS GROUP INC New +49,381+49.4k
Prosperity Wealth Management, Inc. New +28,245+28.2k
Tower Research Capital LLC (TRC) Added +24,325+24.3k
PATHSTONE FAMILY OFFICE, LLC New +21,138+21.1k
TWO SIGMA SECURITIES, LLC New +15,982+16.0k
Cruiser Capital Advisors, LLC New +15,000+15.0k
Vontobel Holding Ltd. New +10,650+10.7k

Biggest sellers

Virtu Financial LLC Reduced -228,114-228.1k
Squarepoint Ops LLC Reduced -172,286-172.3k
IMC-Chicago, LLC Reduced -144,200-144.2k
DRIVE WEALTH MANAGEMENT, LLC Sold out -133,000-133.0k
Empowered Funds, LLC Sold out -112,013-112.0k
GTS SECURITIES LLC Reduced -80,915-80.9k
MORGAN STANLEY Reduced -67,888-67.9k
CHOREO, LLC Sold out -41,553-41.6k
Jump Financial, LLC Reduced -36,042-36.0k
Cadent Capital Advisors, LLC Sold out -29,682-29.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $40.5m1.3m shares
CITADEL ADVISORS LLC Added $10.2m328.2k shares
GTS SECURITIES LLC New $7.6m245.3k shares
Cutler Group LLC / CA Added $471.0k143.9k shares
Paragon Advisors, LLC New $134.0k10.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $8.4m270.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.4m238.8k shares
IMC-Chicago, LLC Added $6.1m196.1k shares
JANE STREET GROUP, LLC Added $4.7m152.7k shares
GTS SECURITIES LLC New $994.5k32.1k shares
Cutler Group LLC / CA Added $149.0k40.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 496,056496.1k $15.4m $15.4m 0.02% Added +387.8k +387,817
2 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 435,273435.3k $13.5m $13.5m 0.01% Added +298.0k +298,027
3 Jump Financial, LLC 0.28% of their portfolio Chicago, IL 242,896242.9k $7.5m $7.5m 0.28% Reduced -36.0k -36,042
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 122,074122.1k $3.8m $3.8m 0.01% Added +74.7k +74,656
5 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 49,38149.4k $1.5m $1.5m 0.00% New
6 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 39,08739.1k $1.2m $1.2m 0.03% Reduced -80.9k -80,915
7 Virtu Financial LLC 0.12% of their portfolio New York, NY 38,35638.4k $1.2m $1.2m 0.12% Reduced -228.1k -228,114
8 MAI Capital Management 0.02% of their portfolio INDEPENDENCE, OH 33,62533.6k $1.0m $1.0m 0.02% Unchanged
9 CPR Investments Inc. 1.03% of their portfolio Rochester, MI 31,06631.1k $962.4k $962.4k 1.03% Added +3.5k +3,513
10 Prosperity Wealth Management, Inc. 0.57% of their portfolio San Ramon, CA 28,24528.2k $875.0k $875.0k 0.57% New
11 FLOW TRADERS U.S. LLC 0.04% of their portfolio NEW YORK, NY 27,36227.4k $848.0k $848.0k 0.04% Added +4.6k +4,622
12 Tower Research Capital LLC (TRC) 0.03% of their portfolio NEW YORK, NY 26,79426.8k $830.1k $830.1k 0.03% Added +24.3k +24,325
13 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 26,55026.6k $822.5k $822.5k 0.00% Reduced -172.3k -172,286
14 IMC-Chicago, LLC 0.04% of their portfolio CHICAGO, IL 21,46121.5k $664.9k $664.9k 0.04% Reduced -144.2k -144,200
15 PATHSTONE FAMILY OFFICE, LLC 0.01% of their portfolio ENGLEWOOD, NJ 21,13821.1k $654.8k $654.8k 0.01% New
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 16,57016.6k $513.3k $513.3k 0.00% Reduced -67.9k -67,888
17 TWO SIGMA SECURITIES, LLC 0.02% of their portfolio NEW YORK, NY 15,98216.0k $495.1k $495.1k 0.02% New
18 Cruiser Capital Advisors, LLC 0.65% of their portfolio Stamford, CT 15,00015.0k $464.7k $464.7k 0.65% New
19 StoneX Group Inc. 0.04% of their portfolio NEW YORK, NY 12,43512.4k $385.2k $385.2k 0.04% Added +4.3k +4,345
20 Per Stirling Capital Management, LLC. 0.07% of their portfolio AUSTIN, TX 10,83010.8k $335.5k $335.5k 0.07% Added +225 +225
21 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 10,65010.7k $329.9k $329.9k 0.00% New
22 BOURGEON CAPITAL MANAGEMENT LLC 0.05% of their portfolio Darien, CT 7,1507.2k $221.5k $221.5k 0.05% Unchanged
23 HUB Investment Partners, LLC 0.03% of their portfolio AUSTIN, TX 6,9486.9k $215.2k $215.2k 0.03% Reduced -667 -667
24 Quantbot Technologies LP 0.01% of their portfolio NEW YORK, NY 6,5836.6k $203.9k $203.9k 0.01% Added +647 +647
25 PRIMORIS WEALTH ADVISORS, LLC 0.24% of their portfolio North Palm Beach, FL 6,5006.5k $201.4k $201.4k 0.24% Reduced -3.7k -3,700
26 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 4,1184.1k $127.6k $127.6k 0.00% Reduced -4.1k -4,124
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,0002.0k $62.0k $62.0k 0.00% Unchanged
28 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 1,6931.7k $52.4k $52.4k 0.00% New
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,0001.0k $31.0k $31.0k 0.00% Unchanged
30 Headlands Technologies LLC 0.01% of their portfolio CHICAGO, IL 840840 $26.0k $26.0k 0.01% New
31 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 437437 $13.5k $13.5k 0.00% Added +358 +358
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 424424 $13.1k $13.1k 0.00% Reduced -16.8k -16,750
33 City State Bank 0.01% of their portfolio NORWALK, IA 350350 $11.0k $11.0k 0.01% Added +50 +50
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 100100 $3.1k $3.1k 0.00% Unchanged
35 MACROVIEW INVESTMENT MANAGEMENT LLC 0.00% of their portfolio BETHESDA, MD 100100 $3.1k $3.1k 0.00% Reduced -350 -350
36 Bank Julius Baer & Co. Ltd, Zurich 0.00% of their portfolio ZURICH, V8 7171 $2.0k $2.0k 0.00% New
37 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 5454 $1.7k $1.7k 0.00% Added +1 +1
38 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 2525 $775 $775 0.00% Unchanged
39 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 99 $306 $306 0.00% Unchanged
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 77 $215 $215 0.00% Unchanged
41 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 22 $62 $62 0.00% Unchanged
42 FMR LLC 0.00% of their portfolio BOSTON, MA 11 $31 $31 0.00% New
43 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged