Vault-13

DIREXION SHS ETF TR NUGT

DLY GOLD INDX 2X · ETP · CUSIP 25460G781

47 institutional holders +4 vs Q1 2025
475,789475.8k shares reported held*
$35.5mreported value*
14 new 7 added 18 reduced 11 sold out net sold ≈ $6.4m (-86.3k 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. Holder counts are more reliable. Implied quarter-end price ≈ $74.71. Options: 4 managers hold calls ($87.6m notional), 5 hold puts ($57.7m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 53Q1 23: 42Q2 23: 43Q3 23: 40Q4 23: 41Q1 24: 42Q2 24: 36Q3 24: 39Q4 24: 40Q1 25: 43Q2 25: 4747Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202242
Q4 202253
Q1 202342
Q2 202343
Q3 202340
Q4 202341
Q1 202442
Q2 202436
Q3 202439
Q4 202440
Q1 202543
Q2 202547

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 26 bought or addedQ3 23: 19 cut or sold outQ4 23: 24 bought or addedQ4 23: 22 cut or sold outQ4 23Q1 24: 27 bought or addedQ1 24: 16 cut or sold outQ2 24: 16 bought or addedQ2 24: 25 cut or sold outQ2 24Q3 24: 19 bought or addedQ3 24: 17 cut or sold outQ4 24: 20 bought or addedQ4 24: 20 cut or sold outQ4 24Q1 25: 24 bought or addedQ1 25: 22 cut or sold outQ2 25: 21 bought or addedQ2 25: 29 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232619
Q4 20232422
Q1 20242716
Q2 20241625
Q3 20241917
Q4 20242020
Q1 20252422
Q2 20252129

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 24 calls: $103.6mQ3 24 puts: $50.0mQ3 24P/C 0.48Q4 24 calls: $57.9mQ4 24 puts: $38.2mQ4 24P/C 0.66Q1 25 calls: $70.6mQ1 25 puts: $42.9mQ1 25P/C 0.61Q2 25 calls: $87.6mQ2 25 puts: $57.7mQ2 25P/C 0.66
Numbers
QuarterCallsPutsP/C
Q3 2024$103.6m$50.0m0.48
Q4 2024$57.9m$38.2m0.66
Q1 2025$70.6m$42.9m0.61
Q2 2025$87.6m$57.7m0.66

Biggest buyers

Quadrature Capital Ltd New +156,001+156.0k
JANE STREET GROUP, LLC Added +45,939+45.9k
SIMPLEX TRADING, LLC New +13,508+13.5k
Qube Research & Technologies Ltd New +13,314+13.3k
WOLVERINE TRADING, LLC New +10,566+10.6k
FNY Investment Advisers, LLC New +7,500+7.5k
Savvy Advisors, Inc. New +6,700+6.7k
MILLENNIUM MANAGEMENT LLC New +4,280+4.3k
CROSSPOINT FINANCIAL, LLC New +3,800+3.8k
Harvest Investment Services, LLC New +3,132+3.1k

Biggest sellers

Jump Financial, LLC Sold out -132,570-132.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -70,522-70.5k
IMC-Chicago, LLC Sold out -47,866-47.9k
GTS SECURITIES LLC Sold out -45,498-45.5k
Virtu Financial LLC Reduced -9,477-9.5k
StoneX Group Inc. Sold out -7,659-7.7k
Optiver Holding B.V. Sold out -7,008-7.0k
Beacon Harbor Wealth Advisors, Inc. Sold out -6,000-6.0k
MORGAN STANLEY Reduced -5,007-5.0k
Insight Advisors, LLC/ PA Sold out -4,484-4.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $47.8m643.4k shares
CITADEL ADVISORS LLC Added $20.0m269.6k shares
JANE STREET GROUP, LLC Reduced $11.6m156.4k shares
WOLVERINE TRADING, LLC New $8.1m115.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $23.8m320.3k shares
CITADEL ADVISORS LLC Added $21.5m289.6k shares
WOLVERINE TRADING, LLC New $6.9m97.8k shares
JANE STREET GROUP, LLC Reduced $4.0m54.3k shares
Squarepoint Ops LLC Unchanged $1.4m18.9k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Quadrature Capital Ltd 0.20% of their portfolio LONDON, X0 156,001156.0k $11.6m $11.6m 0.20% New
2 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 59,73959.7k $4.4m $4.4m 0.01% Added +45.9k +45,939
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 56,28056.3k $4.2m $4.2m 0.01% Reduced -70.5k -70,522
4 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 46,46346.5k $3.5m $3.5m 0.00% Reduced -907 -907
5 SBI Securities Co., Ltd. 0.04% of their portfolio TOKYO, M0 19,74719.7k $1.5m $1.5m 0.04% Reduced -80 -80
6 SIMPLEX TRADING, LLC 0.03% of their portfolio CHICAGO, IL 13,50813.5k $1.0m $1.0m 0.03% New
7 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 13,31413.3k $989.8k $989.8k 0.00% New
8 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 12,19512.2k $906.6k $906.6k 0.00% Added +708 +708
9 Virtu Financial LLC 0.05% of their portfolio New York, NY 12,09112.1k $899.0k $899.0k 0.05% Reduced -9.5k -9,477
10 TWO SIGMA SECURITIES, LLC 0.11% of their portfolio NEW YORK, NY 11,45811.5k $851.8k $851.8k 0.11% Reduced -3.8k -3,760
11 WOLVERINE TRADING, LLC 0.02% of their portfolio CHICAGO, IL 10,56610.6k $746.7k $746.7k 0.02% New
12 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 7,7307.7k $574.6k $574.6k 0.00% Added +1.5k +1,479
13 FNY Investment Advisers, LLC 0.24% of their portfolio NEW YORK, NY 7,5007.5k $557.0k $557.0k 0.24% New
14 Savvy Advisors, Inc. 0.03% of their portfolio NEW YORK, NY 6,7006.7k $498.1k $498.1k 0.03% New
15 Optivise Advisory Services LLC 0.24% of their portfolio FRANKLIN, TN 6,1926.2k $460.3k $460.3k 0.24% Reduced -1.2k -1,220
16 180 WEALTH ADVISORS, LLC 0.05% of their portfolio FEDERAL WAY, WA 4,3614.4k $324.2k $324.2k 0.05% Reduced -2.4k -2,381
17 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 4,2804.3k $318.2k $318.2k 0.00% New
18 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 4,1974.2k $312.0k $312.0k 0.01% Reduced -2.4k -2,421
19 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.04% of their portfolio INDIANAPOLIS, IN 3,9023.9k $290.1k $290.1k 0.04% Added +1.7k +1,674
20 CROSSPOINT FINANCIAL, LLC 0.76% of their portfolio TUSTIN, CA 3,8003.8k $282.5k $282.5k 0.76% New
21 Harvest Investment Services, LLC 0.05% of their portfolio Oakbrook Terrace, IL 3,1323.1k $232.9k $232.9k 0.05% New
22 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 2,8012.8k $208.2k $208.2k 0.00% Unchanged
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,6522.7k $197.2k $197.2k 0.00% Reduced -5.0k -5,007
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,9051.9k $141.6k $141.6k 0.00% Reduced -213 -213
25 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $74.3k $74.3k 0.00% Reduced -4.1k -4,116
26 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 950950 $70.6k $70.6k 0.00% New
27 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 934934 $69.4k $69.4k 0.00% Unchanged
28 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 878878 $65.3k $65.3k 0.00% Added +725 +725
29 Headlands Technologies LLC 0.01% of their portfolio CHICAGO, IL 856856 $63.6k $63.6k 0.01% Reduced -808 -808
30 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 600600 $44.6k $44.6k 0.00% Reduced -140 -140
31 Caption Management, LLC 0.00% of their portfolio OKLAHOMA CITY, OK 600600 $44.6k $44.6k 0.00% New
32 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 355355 $26.4k $26.4k 0.00% Reduced -30 -30
33 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 335335 $24.9k $24.9k 0.00% Unchanged
34 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 302302 $22.5k $22.5k 0.00% Added +9 +9
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 246246 $18.0k $18.0k 0.00% Added +123 +123
36 North Star Investment Management Corp. 0.00% of their portfolio CHICAGO, IL 202202 $15.0k $15.0k 0.00% Unchanged
37 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 200200 $14.9k $14.9k 0.00% Reduced -220 -220
38 Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio ORLAND PARK, IL 170170 $12.6k $12.6k 0.00% New
39 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 150150 $11.2k $11.2k 0.00% New
40 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 148148 $11.0k $11.0k 0.00% Reduced -95 -95
41 Boreal Capital Management LLC 0.01% of their portfolio MIAMI, FL 130130 $9.7k $9.7k 0.01% First filing
42 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 1010 $750 $750 0.00% Unchanged
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 55 $372 $372 0.00% Reduced -45 -45
44 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 22 $151 $151 0.00% Reduced -498 -498
45 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 22 $149 $149 0.00% Unchanged
46 IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 0.00% of their portfolio SINGAPORE, U0 11 $74 $74 0.00% New
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged