Vault-13

DIREXION SHS ETF TR SPDN

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

51 institutional holders -12 vs Q1 2025
7,020,6847.0m shares reported held*
$72.3mreported value*
9 new 15 added 20 reduced 20 sold out net sold ≈ $37.8m (-3.7m 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 ≈ $10.30. Options: 0 managers hold calls (— notional), 2 hold puts ($4.8m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 72Q4 22: 73Q1 23: 44Q2 23: 46Q3 23: 50Q4 23: 53Q1 24: 42Q2 24: 42Q3 24: 37Q4 24: 44Q1 25: 63Q2 25: 5151Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202272
Q4 202273
Q1 202344
Q2 202346
Q3 202350
Q4 202353
Q1 202442
Q2 202442
Q3 202437
Q4 202444
Q1 202563
Q2 202551

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 29 bought or addedQ3 23: 23 cut or sold outQ4 23: 27 bought or addedQ4 23: 27 cut or sold outQ4 23Q1 24: 16 bought or addedQ1 24: 34 cut or sold outQ2 24: 17 bought or addedQ2 24: 25 cut or sold outQ2 24Q3 24: 15 bought or addedQ3 24: 26 cut or sold outQ4 24: 24 bought or addedQ4 24: 21 cut or sold outQ4 24Q1 25: 44 bought or addedQ1 25: 20 cut or sold outQ2 25: 24 bought or addedQ2 25: 40 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232923
Q4 20232727
Q1 20241634
Q2 20241725
Q3 20241526
Q4 20242421
Q1 20254420
Q2 20252440

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 24 calls: $25.8kQ3 24 puts: $182.6kQ3 24P/C 7.09Q4 24 calls: $345.7kQ4 24 puts: $567.0kQ4 24P/C 1.64Q1 25 calls: $88.1kQ1 25 puts: $2.2mQ1 25P/C 25.50Q2 25 calls: $0Q2 25 puts: $4.8mQ2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$25.8k$182.6k7.09
Q4 2024$345.7k$567.0k1.64
Q1 2025$88.1k$2.2m25.50
Q2 2025$0$4.8m—

Biggest buyers

CITADEL ADVISORS LLC Added +535,045+535.0k
Arkadios Wealth Advisors New +396,615+396.6k
Jump Financial, LLC New +336,233+336.2k
HRT FINANCIAL LP New +280,266+280.3k
IMC-Chicago, LLC Added +228,963+229.0k
JANE STREET GROUP, LLC New +211,130+211.1k
ONE PLUS ONE WEALTH MANAGEMENT, LLC Added +119,992+120.0k
TWO SIGMA SECURITIES, LLC Added +82,308+82.3k
CHOREO, LLC Added +67,284+67.3k
Belpointe Asset Management LLC Added +37,636+37.6k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -1,261,387-1.3m
TTP Investments, Inc. Sold out -1,144,065-1.1m
Legacy Capital Wealth Partners, LLC Sold out -1,017,329-1.0m
MOULTON WEALTH MANAGEMENT, INC Reduced -416,202-416.2k
PVG ASSET MANAGEMENT CORP Sold out -351,871-351.9k
LPL Financial LLC Reduced -247,573-247.6k
NewEdge Advisors, LLC Reduced -224,689-224.7k
Quadrature Capital Ltd Sold out -200,306-200.3k
LEUTHOLD GROUP, LLC Reduced -167,567-167.6k
RENAISSANCE TECHNOLOGIES LLC Sold out -151,900-151.9k

Biggest calls

None

Biggest puts

JANE STREET GROUP, LLC Added $3.2m309.3k shares
CITADEL ADVISORS LLC Reduced $1.6m159.0k 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.

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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LEUTHOLD GROUP, LLC 2.13% of their portfolio MINNEAPOLIS, MN 1,731,5691.7m $17.8m $17.8m 2.13% Reduced -167.6k -167,567
2 ONE PLUS ONE WEALTH MANAGEMENT, LLC 6.06% of their portfolio JUPITER, FL 1,079,9841.1m $11.1m $11.1m 6.06% Added +120.0k +119,992
3 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 680,341680.3k $7.0m $7.0m 0.01% Added +535.0k +535,045
4 Arkadios Wealth Advisors 0.12% of their portfolio ATLANTA, GA 396,615396.6k $4.1m $4.1m 0.12% New
5 Jump Financial, LLC 0.04% of their portfolio Chicago, IL 336,233336.2k $3.5m $3.5m 0.04% New
6 IMC-Chicago, LLC 0.08% of their portfolio CHICAGO, IL 294,964295.0k $3.0m $3.0m 0.08% Added +229.0k +228,963
7 Belpointe Asset Management LLC 0.13% of their portfolio RENO, NV 294,182294.2k $3.0m $3.0m 0.13% Added +37.6k +37,636
8 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 280,266280.3k $2.9m $2.9m 0.02% New
9 Virtu Financial LLC 0.15% of their portfolio New York, NY 277,115277.1k $2.9m $2.9m 0.15% Reduced -35.8k -35,762
10 SHEPHERD KAPLAN KROCHUK, LLC 2.00% of their portfolio Boston, MA 223,145223.1k $2.3m $2.3m 2.00% Reduced -43.5k -43,450
11 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 211,130211.1k $2.2m $2.2m 0.00% New
12 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 172,654172.7k $1.8m $1.8m 0.00% Reduced -1.3m -1,261,387
13 TWO SIGMA SECURITIES, LLC 0.15% of their portfolio NEW YORK, NY 118,310118.3k $1.2m $1.2m 0.15% Added +82.3k +82,308
14 Tower Research Capital LLC (TRC) 0.03% of their portfolio NEW YORK, NY 106,799106.8k $1.1m $1.1m 0.03% Added +23.6k +23,602
15 AXXCESS WEALTH MANAGEMENT, LLC 0.03% of their portfolio CARLSBAD, CA 104,680104.7k $1.1m $1.1m 0.03% Reduced -1.7k -1,720
16 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 100,741100.7k $1.1m $1.1m 0.01% Added +67.3k +67,284
17 Maltin Wealth Management, Inc. 0.27% of their portfolio RIDGEWOOD, NJ 57,57157.6k $593.0k $593.0k 0.27% Reduced -4.7k -4,652
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 46,96247.0k $483.7k $483.7k 0.00% Added +3.1k +3,108
19 Cushing Capital Partners, LLC 0.41% of their portfolio DELAFIELD, WI 46,25546.3k $482.7k $482.7k 0.41% Added +1.5k +1,538
20 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 40,65040.6k $418.7k $418.7k 0.00% Reduced -48.0k -48,000
21 MOULTON WEALTH MANAGEMENT, INC 0.30% of their portfolio SPOKANE, WA 38,89538.9k $395.9k $395.9k 0.30% Reduced -416.2k -416,202
22 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 37,54837.5k $380.4k $380.4k 0.01% Reduced -120.8k -120,764
23 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 34,32434.3k $353.4k $353.4k 0.02% New
24 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 32,84032.8k $338.3k $338.3k 0.00% Reduced -247.6k -247,573
25 ASPIRIANT, LLC 0.01% of their portfolio San Francisco, CA 29,79029.8k $306.8k $306.8k 0.01% Unchanged
26 Resonant Capital Advisors, LLC 0.02% of their portfolio Madison, WI 28,40328.4k $296.4k $296.4k 0.02% Unchanged
27 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.04% of their portfolio CONCORD, MA 27,42827.4k $282.5k $282.5k 0.04% Reduced -7.2k -7,213
28 Avior Wealth Management, LLC 0.01% of their portfolio OMAHA, NE 27,09827.1k $279.1k $279.1k 0.01% New
29 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 26,50026.5k $272.9k $272.9k 0.00% Added +6.5k +6,500
30 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 20,10120.1k $207.0k $207.0k 0.00% Reduced -250 -250
31 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 17,59817.6k $181.3k $181.3k 0.01% New
32 IHT Wealth Management, LLC 0.00% of their portfolio Chicago, IL 15,40015.4k $158.6k $158.6k 0.00% New
33 Intellectus Partners, LLC 0.03% of their portfolio SAN FRANCISCO, CA 15,00015.0k $156.5k $156.5k 0.03% New
34 NovaPoint Capital, LLC 0.04% of their portfolio ATLANTA, GA 14,10714.1k $145.3k $145.3k 0.04% Reduced -13.3k -13,269
35 Moors & Cabot, Inc. 0.01% of their portfolio BOSTON, MA 13,48513.5k $138.9k $138.9k 0.01% Reduced -57.5k -57,505
36 ALLIUM FINANCIAL ADVISORS, LLC 0.10% of their portfolio LAKE OSWEGO, OR 10,71610.7k $110.4k $110.4k 0.10% Unchanged
37 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 10,62110.6k $109.4k $109.4k 0.00% Reduced -3.4k -3,375
38 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 8,5168.5k $87.7k $87.7k 0.00% Added +4.0k +4,044
39 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,3354.3k $44.6k $44.6k 0.00% Reduced -224.7k -224,689
40 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 2,6352.6k $27.0k $27.0k 0.00% Added +1.5k +1,535
41 ORG Partners LLC 0.00% of their portfolio ROANOKE, IN 2,1062.1k $21.7k $21.7k 0.00% Reduced -1.5k -1,525
42 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,0531.1k $10.8k $10.8k 0.00% Added +339 +339
43 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 935935 $9.6k $9.6k 0.00% Added +6 +6
44 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.00% of their portfolio INDIANAPOLIS, IN 420420 $4.3k $4.3k 0.00% Unchanged
45 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 225225 $2.3k $2.3k 0.00% Unchanged
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 199199 $2.0k $2.0k 0.00% Reduced -2.6k -2,578
47 AllSquare Wealth Management LLC 0.00% of their portfolio ALBANY, NY 100100 $1.0k $1.0k 0.00% Unchanged
48 Darwin Wealth Management, LLC 0.00% of their portfolio TAMPA, FL 8787 $896 $896 0.00% Reduced -263 -263
49 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5353 $546 $546 0.00% Added +53 +53
50 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $4 $4 0.00% Reduced -1 -1
51 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged