Vault-13

DIREXION SHS ETF TR TMV

20YR TRES BEAR · ETP · CUSIP 25460G849

30 institutional holders +1 vs Q1 2025
963,834963.8k shares reported held*
$35.6mreported value*
5 new 7 added 9 reduced 4 sold out net sold ≈ $9.0m (-244.5k 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 ≈ $36.94. Options: 4 managers hold calls ($46.7m notional), 3 hold puts ($12.4m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 41Q4 22: 40Q1 23: 33Q2 23: 33Q3 23: 31Q4 23: 30Q1 24: 29Q2 24: 28Q3 24: 28Q4 24: 30Q1 25: 29Q2 25: 3030Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202241
Q4 202240
Q1 202333
Q2 202333
Q3 202331
Q4 202330
Q1 202429
Q2 202428
Q3 202428
Q4 202430
Q1 202529
Q2 202530

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 23: 17 bought or addedQ3 23: 18 cut or sold outQ4 23: 17 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 15 bought or addedQ1 24: 15 cut or sold outQ2 24: 11 bought or addedQ2 24: 14 cut or sold outQ2 24Q3 24: 14 bought or addedQ3 24: 11 cut or sold outQ4 24: 12 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 14 bought or addedQ1 25: 13 cut or sold outQ2 25: 12 bought or addedQ2 25: 13 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231718
Q4 20231718
Q1 20241515
Q2 20241114
Q3 20241411
Q4 20241215
Q1 20251413
Q2 20251213

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 24 calls: $41.9mQ3 24 puts: $13.4mQ3 24P/C 0.32Q4 24 calls: $50.4mQ4 24 puts: $22.2mQ4 24P/C 0.44Q1 25 calls: $45.4mQ1 25 puts: $5.8mQ1 25P/C 0.13Q2 25 calls: $46.7mQ2 25 puts: $12.4mQ2 25P/C 0.27
Numbers
QuarterCallsPutsP/C
Q3 2024$41.9m$13.4m0.32
Q4 2024$50.4m$22.2m0.44
Q1 2025$45.4m$5.8m0.13
Q2 2025$46.7m$12.4m0.27

Biggest buyers

Snider Financial Group New +50,000+50.0k
IMC-Chicago, LLC Added +37,668+37.7k
Virtu Financial LLC Added +27,992+28.0k
Squarepoint Ops LLC Added +24,510+24.5k
Schonfeld Strategic Advisors LLC New +20,000+20.0k
SIMPLEX TRADING, LLC New +12,716+12.7k
MORGAN STANLEY Added +11,149+11.1k
Creative Planning New +6,390+6.4k
Optiver Holding B.V. Added +6,334+6.3k
Atlantic Union Bankshares Corp New +3,000+3.0k

Biggest sellers

JANE STREET GROUP, LLC Reduced -212,157-212.2k
RENAISSANCE TECHNOLOGIES LLC Reduced -74,600-74.6k
CITADEL ADVISORS LLC Reduced -38,242-38.2k
Jump Financial, LLC Reduced -28,813-28.8k
SBI Securities Co., Ltd. Reduced -24,818-24.8k
WOLVERINE TRADING, LLC Sold out -24,291-24.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -24,032-24.0k
GROUP ONE TRADING LLC Sold out -10,003-10.0k
PRELUDE CAPITAL MANAGEMENT, LLC Reduced -6,980-7.0k
HOLLENCREST CAPITAL MANAGEMENT Sold out -306-306

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $35.7m967.3k shares
JANE STREET GROUP, LLC Added $9.0m244.9k shares
CITADEL ADVISORS LLC Added $1.3m34.3k shares
Squarepoint Ops LLC Reduced $642.8k17.4k shares

Biggest puts

JANE STREET GROUP, LLC Added $5.5m149.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.4m120.3k shares
CITADEL ADVISORS LLC Reduced $2.5m66.6k 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 SBI Securities Co., Ltd. 0.30% of their portfolio TOKYO, M0 279,477279.5k $10.3m $10.3m 0.30% Reduced -24.8k -24,818
2 CIM, LLC 0.71% of their portfolio ALBANY, NY 141,974142.0k $5.2m $5.2m 0.71% Reduced -164 -164
3 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 72,38972.4k $2.7m $2.7m 0.00% Reduced -38.2k -38,242
4 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 72,25772.3k $2.7m $2.7m 0.00% Reduced -212.2k -212,157
5 IMC-Chicago, LLC 0.06% of their portfolio CHICAGO, IL 64,63864.6k $2.4m $2.4m 0.06% Added +37.7k +37,668
6 Virtu Financial LLC 0.10% of their portfolio New York, NY 54,37754.4k $2.0m $2.0m 0.10% Added +28.0k +27,992
7 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 53,50053.5k $2.0m $2.0m 0.00% Reduced -74.6k -74,600
8 Snider Financial Group 0.53% of their portfolio BELLEVUE, WA 50,00050.0k $1.8m $1.8m 0.53% New
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 33,77133.8k $1.2m $1.2m 0.00% Reduced -24.0k -24,032
10 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 32,33132.3k $1.2m $1.2m 0.00% Added +24.5k +24,510
11 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 20,00020.0k $738.8k $738.8k 0.01% New
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 15,63215.6k $577.5k $577.5k 0.00% Added +11.1k +11,149
13 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 13,44613.4k $496.7k $496.7k 0.01% Reduced -28.8k -28,813
14 MADDEN SECURITIES Corp 0.16% of their portfolio DALLAS, TX 13,00013.0k $480.2k $480.2k 0.16% Unchanged
15 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 12,71612.7k $469.0k $469.0k 0.01% New
16 PRELUDE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 7,5907.6k $280.4k $280.4k 0.03% Reduced -7.0k -6,980
17 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 7,4767.5k $276.2k $276.2k 0.01% Unchanged
18 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 6,3906.4k $236.0k $236.0k 0.00% New
19 Optiver Holding B.V. 0.01% of their portfolio AMSTERDAM, P7 6,3356.3k $234.0k $234.0k 0.01% Added +6.3k +6,334
20 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 3,0003.0k $110.8k $110.8k 0.00% New
21 JTC Employer Solutions Trustee Ltd 0.01% of their portfolio ST HELIER, Y9 1,5481.5k $57.0k $57.0k 0.01% Unchanged
22 JFS WEALTH ADVISORS, LLC 0.00% of their portfolio HERMITAGE, PA 500500 $18.5k $18.5k 0.00% Unchanged
23 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 473473 $17.5k $17.5k 0.00% Added +319 +319
24 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 400400 $14.8k $14.8k 0.00% Unchanged
25 PayPay Securities Corp 0.49% of their portfolio TOKYO, M0 272272 $10.0k $10.0k 0.49% Reduced -190 -190
26 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 200200 $7.4k $7.4k 0.00% Unchanged
27 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 134134 $5.0k $5.0k 0.00% Added +105 +105
28 EQ WEALTH ADVISORS, LLC 0.00% of their portfolio DALLAS, TX 88 $296 $296 0.00% Unchanged
29 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $37 $37 0.00% Unchanged
30 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged