Vault-13

DIREXION SHARES ETF TRUST MUU

DLY MU BULL 2X · ETP · CUSIP 25461A528

53 institutional holders +22 vs Q1 2026
335,473335.5k shares reported held*
$287.2mreported value*
29 new 6 added 18 reduced 7 sold out net sold ≈ $338.3m (-267.5k 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 ≈ $856.12. Options: 4 managers hold calls ($432.9m notional), 6 hold puts ($441.5m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q4 24: 8Q1 25: 6Q2 25: 8Q3 25: 12Q4 25: 13Q1 26: 31Q2 26: 5353Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 20248
Q1 20256
Q2 20258
Q3 202512
Q4 202513
Q1 202631
Q2 202653

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 25: 4 bought or addedQ1 25: 7 cut or sold outQ1 25Q2 25: 5 bought or addedQ2 25: 2 cut or sold outQ2 25Q3 25: 7 bought or addedQ3 25: 5 cut or sold outQ3 25Q4 25: 9 bought or addedQ4 25: 9 cut or sold outQ4 25Q1 26: 27 bought or addedQ1 26: 7 cut or sold outQ1 26Q2 26: 35 bought or addedQ2 26: 25 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 202547
Q2 202552
Q3 202575
Q4 202599
Q1 2026277
Q2 20263525

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $432.9mQ2 26 puts: $441.5mQ2 26P/C 1.02
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$432.9m$441.5m1.02

Biggest buyers

APEIRON CAPITAL Ltd New +34,000+34.0k
Diversify Advisory Services, LLC New +30,631+30.6k
FLOW TRADERS U.S. LLC New +27,367+27.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +25,182+25.2k
DIVERSIFY WEALTH MANAGEMENT, LLC Added +25,167+25.2k
HRT FINANCIAL LP New +13,901+13.9k
SBI Securities Co., Ltd. Added +11,149+11.1k
JPMORGAN CHASE & CO New +9,978+10.0k
GTS SECURITIES LLC New +7,152+7.2k
FLAGSTAR SECURITIES, INC New +4,920+4.9k

Biggest sellers

UBS Group AG Reduced -291,498-291.5k
MORGAN STANLEY Reduced -48,717-48.7k
CITADEL ADVISORS LLC Sold out -29,179-29.2k
IMC-Chicago, LLC Sold out -22,928-22.9k
XTX Topco Ltd Reduced -13,537-13.5k
GOLDMAN SACHS GROUP INC Reduced -12,536-12.5k
RENAISSANCE TECHNOLOGIES LLC Sold out -8,500-8.5k
StoneX Group Inc. Reduced -7,249-7.2k
Spartan Wealth Advisory Services LLC Reduced -6,434-6.4k
DRW Securities, LLC Reduced -6,344-6.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $186.3m177.6k shares
CITADEL ADVISORS LLC New $144.8m138.1k shares
JANE STREET GROUP, LLC New $86.0m82.0k shares
Belvedere Trading LLC New $15.8m15.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $246.6m235.1k shares
CITADEL ADVISORS LLC New $141.6m135.0k shares
JANE STREET GROUP, LLC New $31.7m30.2k shares
Belvedere Trading LLC New $13.5m12.9k shares
LMR Partners LLP New $7.9m7.5k shares
TORNO CAPITAL, LLC Not comparable $346.1k6.6k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 34,02134.0k $35.7m $35.7m 0.03% Added +25.2k +25,182
2 APEIRON CAPITAL Ltd 22.90% of their portfolio HONG KONG, K3 34,00034.0k $35.7m $35.7m 22.90% New
3 Diversify Advisory Services, LLC 0.02% of their portfolio SANDY, UT 30,63130.6k $916.5k $916.5k 0.02% New
4 DIVERSIFY WEALTH MANAGEMENT, LLC 0.02% of their portfolio SANDY, UT 30,63130.6k $916.5k $916.5k 0.02% Added +25.2k +25,167
5 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 27,70627.7k $29.1m $29.1m 0.00% Reduced -12.5k -12,536
6 FLOW TRADERS U.S. LLC 1.18% of their portfolio NEW YORK, NY 27,36727.4k $28.7m $28.7m 1.18% New
7 SBI Securities Co., Ltd. 0.44% of their portfolio TOKYO, M0 18,61818.6k $19.5m $19.5m 0.44% Added +11.1k +11,149
8 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 13,90113.9k $14.6m $14.6m 0.03% New
9 Optiver Holding B.V. 0.20% of their portfolio AMSTERDAM, P7 13,15113.2k $13.8m $13.8m 0.20% Added +417 +417
10 Belvedere Trading LLC 0.92% of their portfolio CHICAGO, IL 10,52810.5k $11.0m $11.0m 0.92% Reduced -3.4k -3,423
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,10010.1k $10.6m $10.6m 0.00% Reduced -291.5k -291,498
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 9,97810.0k $10.5m $10.5m 0.00% New
13 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 8,1208.1k $8.5m $8.5m 0.00% Reduced -1.4k -1,390
14 GTS SECURITIES LLC 0.16% of their portfolio NEW YORK, NY 7,1527.2k $7.5m $7.5m 0.16% New
15 Csenge Advisory Group 0.29% of their portfolio CLEARWATER, FL 6,7076.7k $7.0m $7.0m 0.29% Reduced -68 -68
16 Jump Financial, LLC 0.06% of their portfolio Chicago, IL 5,9365.9k $6.2m $6.2m 0.06% Reduced -6.3k -6,344
17 Dedeker Financial LLC 3.28% of their portfolio ST. LOUIS PARK, MN 5,5025.5k $5.8m $5.8m 3.28% Reduced -1.8k -1,812
18 FLAGSTAR SECURITIES, INC 1.56% of their portfolio New York, NY 4,9204.9k $5.2m $5.2m 1.56% New
19 MGO ONE SEVEN LLC 0.07% of their portfolio Beachwood, OH 4,0564.1k $4.3m $4.3m 0.07% New
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,7413.7k $3.9m $3.9m 0.00% Reduced -48.7k -48,717
21 INDEPENDENT FINANCIAL GROUP, LLC 0.06% of their portfolio SAN DIEGO, CA 2,9823.0k $3.1m $3.1m 0.06% New
22 StoneX Group Inc. 0.12% of their portfolio NEW YORK, NY 2,8972.9k $3.0m $3.0m 0.12% Reduced -7.2k -7,249
23 HUB Investment Partners, LLC 0.05% of their portfolio AUSTIN, TX 2,7252.7k $2.9m $2.9m 0.05% New
24 SIMPLEX TRADING, LLC 0.06% of their portfolio CHICAGO, IL 2,1452.1k $2.2m $2.2m 0.06% New
25 EDMOND DE ROTHSCHILD HOLDING S.A. 0.03% of their portfolio CHAMBESY, V8 2,0002.0k $2.1m $2.1m 0.03% New
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,9972.0k $2.1m $2.1m 0.00% Reduced -6.0k -5,974
27 VESTOR CAPITAL, LLC 0.01% of their portfolio CHICAGO, IL 1,9862.0k $88.0k $88.0k 0.01% Reduced -634 -634
28 TWO SIGMA SECURITIES, LLC 0.17% of their portfolio NEW YORK, NY 1,8741.9k $2.0m $2.0m 0.17% New
29 HOEY INVESTMENTS, INC 0.22% of their portfolio COATESVILLE, PA 1,5631.6k $1.6m $1.6m 0.22% New
30 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 1,1231.1k $1.2m $1.2m 0.02% Reduced -13.5k -13,537
31 TRUE Private Wealth Advisors 0.10% of their portfolio Salem, OR 1,0521.1k $1.1m $1.1m 0.10% New
32 Capstone Capital Management Ltd 0.47% of their portfolio HONG KONG, K3 996996 $1.0m $1.0m 0.47% New
33 DRW Securities, LLC 0.05% of their portfolio CHICAGO, IL 770770 $807.5k $807.5k 0.05% Reduced -6.3k -6,344
34 Advisors Preferred, LLC 0.08% of their portfolio ROCKVILLE, MD 678678 $505.3k $505.3k 0.08% New
35 Intrua Financial, LLC 0.05% of their portfolio Houston, TX 500500 $524.4k $524.4k 0.05% New
36 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 498498 $522.8k $522.8k 0.00% New
37 Aviance Capital Partners, LLC 0.03% of their portfolio NAPLES, FL 301301 $315.2k $315.2k 0.03% New
38 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 291291 $304.8k $304.8k 0.01% Reduced -3.7k -3,709
39 Ground Swell Capital, LLC 0.32% of their portfolio FOLLY BEACH, SC 286286 $299.9k $299.9k 0.32% New
40 Spartan Wealth Advisory Services LLC 0.02% of their portfolio BINGHAM FARMS, MI 274274 $287.4k $287.4k 0.02% Reduced -6.4k -6,434
41 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 270270 $283.2k $283.2k 0.00% Reduced -2.3k -2,330
42 Vines Capital Management, LLC 0.21% of their portfolio MONROE, LA 242242 $253.8k $253.8k 0.21% New
43 Bogart Wealth, LLC 0.01% of their portfolio MCLEAN, VA 230230 $241.2k $241.2k 0.01% New
44 Mariner, LLC 0.00% of their portfolio Overland Park, KS 224224 $235.3k $235.3k 0.00% New
45 Chung Wu Investment Group, LLC 0.14% of their portfolio SUGAR LAND, TX 210210 $220.2k $220.2k 0.14% Added +30 +30
46 Faithward Advisors, LLC 0.03% of their portfolio LANCASTER, PA 200200 $209.7k $209.7k 0.03% New
47 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 173173 $181.9k $181.9k 0.00% New
48 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 126126 $132.3k $132.3k 0.00% Added +26 +26
49 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 4545 $47.2k $47.2k 0.00% New
50 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2222 $23.1k $23.1k 0.00% Reduced -78 -78
51 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2222 $23.1k $23.1k 0.00% New
52 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 33 $3.1k $3.1k 0.00% New
53 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 22 $2.1k $2.1k 0.00% Reduced -2 -2