Vault-13

DIREXION SHS ETF TR SPDN

DLY S&P500 BR 1X · ETP · CUSIP 25460E869

46 institutional holders +2 vs Q1 2023
10,469,14210.5m shares reported held*
$149.4mreported value*
12 new 14 added 13 reduced 11 sold out net sold ≈ $112.3m (-7.9m 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 ≈ $14.27. Options: 1 managers hold calls ($1.0k notional), 1 hold puts ($4.3k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 72Q4 22: 73Q1 23: 44Q2 23: 4646Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202272
Q4 202273
Q1 202344
Q2 202346

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 42 bought or addedQ4 22: 28 cut or sold outQ4 22Q1 23: 19 bought or addedQ1 23: 57 cut or sold outQ1 23Q2 23: 26 bought or addedQ2 23: 24 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20224228
Q1 20231957
Q2 20232624

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ3 22 calls: $1.9mQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $926.1kQ4 22 puts: $53.8kQ4 22P/C 0.06Q1 23 calls: $338.1kQ1 23 puts: $159.0kQ1 23P/C 0.47Q2 23 calls: $1.0kQ2 23 puts: $4.3kQ2 23P/C 4.28
Numbers
QuarterCallsPutsP/C
Q3 2022$1.9m$00.00
Q4 2022$926.1k$53.8k0.06
Q1 2023$338.1k$159.0k0.47
Q2 2023$1.0k$4.3k4.28

Biggest buyers

IMC-Chicago, LLC Added +1,511,861+1.5m
New Harbor Financial Group, LLC Added +189,665+189.7k
ACUTE INVESTMENT ADVISORY, LLC Added +73,150+73.2k
CITADEL ADVISORS LLC Added +51,403+51.4k
GOLDMAN SACHS GROUP INC New +26,630+26.6k
Mariner, LLC New +23,250+23.2k
FLOW TRADERS U.S. LLC New +22,126+22.1k
JPMORGAN CHASE & CO New +21,688+21.7k
Orion Porfolio Solutions, LLC New +11,416+11.4k
Orion Portfolio Solutions, LLC New +11,416+11.4k

Biggest sellers

Brookstone Capital Management Reduced -8,508,863-8.5m
Synergy Asset Management, LLC Sold out -304,044-304.0k
MILESTONE ASSET MANAGEMENT, LLC Sold out -290,525-290.5k
Belpointe Asset Management LLC Reduced -287,995-288.0k
RENAISSANCE TECHNOLOGIES LLC Sold out -163,100-163.1k
Beacon Pointe Advisors, LLC Sold out -91,300-91.3k
LPL Financial LLC Reduced -33,822-33.8k
LEUTHOLD GROUP, LLC Reduced -32,397-32.4k
Trek Financial, LLC Sold out -31,832-31.8k
AlphaStar Capital Management, LLC Sold out -28,792-28.8k

Biggest calls

Cutler Group LLC / CA Reduced $1.0k20.6k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $4.3k300 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
LEUTHOLD GROUP, LLC 13G · institution -8.4 pts · filed 2025-12-05 10.3% -8.4 pts 2.5m≈ $21.5m 2025-12-05
Robinson Value Management, Ltd. 13G · institution new · filed 2026-08-24 8.5% new 2.1m≈ $18.1m 2026-08-24

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 New Harbor Financial Group, LLC 11.11% of their portfolio WORCESTER, MA 2,560,8422.6m $36.5m $36.5m 11.11% Added +189.7k +189,665
2 IMC-Chicago, LLC 1.07% of their portfolio CHICAGO, IL 2,261,8032.3m $32.3m $32.3m 1.07% Added +1.5m +1,511,861
3 LEUTHOLD GROUP, LLC 2.72% of their portfolio MINNEAPOLIS, MN 1,470,5541.5m $21.0m $21.0m 2.72% Reduced -32.4k -32,397
4 GTS SECURITIES LLC 0.65% of their portfolio NEW YORK, NY 1,447,9171.4m $20.7m $20.7m 0.65% First filing
5 Belpointe Asset Management LLC 0.98% of their portfolio RENO, NV 647,148647.1k $9.2m $9.2m 0.98% Reduced -288.0k -287,995
6 ACUTE INVESTMENT ADVISORY, LLC 4.76% of their portfolio MESA, AZ 554,447554.4k $7.9m $7.9m 4.76% Added +73.2k +73,150
7 Advisory Services Network, LLC 0.19% of their portfolio ATLANTA, GA 502,025502.0k $7.2m $7.2m 0.19% Added +1.0k +1,018
8 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 116,990117.0k $1.7m $1.7m 0.03% Added +2.2k +2,151
9 VISTA FINANCE, LLC 2.15% of their portfolio Clayton, MO 96,31596.3k $1.4m $1.4m 2.15% Added +8.0k +8,013
10 Galvin, Gaustad & Stein, LLC 0.11% of their portfolio Scottsdale, AZ 82,00582.0k $1.2m $1.2m 0.11% Reduced -2.1k -2,143
11 RIA Advisory Group LLC 0.48% of their portfolio Des Moines, IA 78,87978.9k $1.1m $1.1m 0.48% Reduced -6.3k -6,290
12 CWM, LLC 0.01% of their portfolio OMAHA, NE 66,00066.0k $942.0k $942.0k 0.01% Unchanged
13 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 63,25163.3k $902.6k $902.6k 0.00% Reduced -150 -150
14 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 59,75659.8k $864.1k $864.1k 0.02% Reduced -8.5m -8,508,863
15 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 54,10354.1k $772.0k $772.0k 0.00% Reduced -33.8k -33,822
16 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 52,30352.3k $746.4k $746.4k 0.00% Added +51.4k +51,403
17 Maltin Wealth Management, Inc. 0.46% of their portfolio RIDGEWOOD, NJ 45,55745.6k $650.1k $650.1k 0.46% Added +795 +795
18 VERUS CAPITAL PARTNERS, LLC 0.05% of their portfolio SCOTTSDALE, AZ 27,05827.1k $386.1k $386.1k 0.05% Reduced -759 -759
19 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 26,63026.6k $380.0k $380.0k 0.00% New
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 25,67525.7k $366.4k $366.4k 0.00% Added +1.2k +1,232
21 Mariner, LLC 0.00% of their portfolio Overland Park, KS 23,25023.2k $331.8k $331.8k 0.00% New
22 TWO SIGMA SECURITIES, LLC 0.03% of their portfolio NEW YORK, NY 22,89822.9k $326.8k $326.8k 0.03% Added +921 +921
23 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 22,12622.1k $316.0k $316.0k 0.01% New
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 21,68821.7k $309.5k $309.5k 0.00% New
25 Resonant Capital Advisors, LLC 0.03% of their portfolio Madison, WI 21,35921.4k $304.8k $304.8k 0.03% Unchanged
26 EVERGREEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio Bellevue, WA 20,00020.0k $285.4k $285.4k 0.01% Unchanged
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 18,89618.9k $269.6k $269.6k 0.00% Reduced -6.6k -6,570
28 Ausdal Financial Partners, Inc. 0.02% of their portfolio Davenport, IA 12,35712.4k $176.3k $176.3k 0.02% Added +24 +24
29 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 11,41611.4k $162.9k $162.9k 0.00% New
30 Orion Portfolio Solutions, LLC 0.00% of their portfolio Omaha, NE 11,41611.4k $162.9k $162.9k 0.00% New
31 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,02011.0k $157.0k $157.0k 0.00% Reduced -14 -14
32 NFSG Corp 0.06% of their portfolio BOCA RATON, FL 9,2009.2k $131.3k $131.3k 0.06% Reduced -1.5k -1,500
33 Strategic Investment Solutions, Inc. /IL 0.02% of their portfolio ORLAND PARK, IL 6,5706.6k $100.1k $100.1k 0.02% Unchanged
34 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 5,6505.7k $80.6k $80.6k 0.00% New
35 AllSquare Wealth Management LLC 0.03% of their portfolio ALBANY, NY 3,1003.1k $47.4k $47.4k 0.03% Unchanged
36 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 2,7142.7k $38.7k $38.7k 0.00% Added +2.7k +2,714
37 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,7142.7k $39.0k $39.0k 0.00% New
38 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,1301.1k $16.1k $16.1k 0.00% Unchanged
39 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 1,0721.1k $15.3k $15.3k 0.00% Added +19 +19
40 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 1,0001.0k $14.2k $14.2k 0.00% New
41 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 143143 $2.0k $2.0k 0.00% Added +111 +111
42 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 100100 $1.4k $1.4k 0.00% Reduced -491 -491
43 ORG Partners LLC 0.00% of their portfolio ROANOKE, IN 5050 $1.0k $1.0k 0.00% New
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1414 $200 $200 0.00% New
45 FMR LLC 0.00% of their portfolio BOSTON, MA 11 $14 $14 0.00% New
46 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $5 $5 0.00% Reduced -1 -1