Vault-13

DIREXION SHS ETF TR LABD

DAILY S&P BIOTEC · ETP · CUSIP 25461H853

21 institutional holders +4 vs Q1 2026
2,405,8152.4m shares reported held*
$18.5mreported value*
8 new 11 added 1 reduced 4 sold out net bought ≈ $13.2m (+1.7m 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 ≈ $7.71. Options: 3 managers hold calls ($9.7m notional), 3 hold puts ($3.9m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q3 25: 18Q4 25: 17Q1 26: 17Q2 26: 2121Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202518
Q4 202517
Q1 202617
Q2 202621

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 25: 14 bought or addedQ4 25: 11 cut or sold outQ4 25Q1 26: 11 bought or addedQ1 26: 12 cut or sold outQ1 26Q2 26: 19 bought or addedQ2 26: 5 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 20251411
Q1 20261112
Q2 2026195

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 25 calls: $58.6mQ3 25 puts: $6.0mQ3 25P/C 0.10Q4 25 calls: $24.7mQ4 25 puts: $10.1mQ4 25P/C 0.41Q1 26 calls: $16.4mQ1 26 puts: $8.3mQ1 26P/C 0.50Q2 26 calls: $9.7mQ2 26 puts: $3.9mQ2 26P/C 0.40
Numbers
QuarterCallsPutsP/C
Q3 2025$58.6m$6.0m0.10
Q4 2025$24.7m$10.1m0.41
Q1 2026$16.4m$8.3m0.50
Q2 2026$9.7m$3.9m0.40

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +700,000+700.0k
HRT FINANCIAL LP New +254,387+254.4k
GOLDMAN SACHS GROUP INC Added +243,715+243.7k
Jump Financial, LLC New +104,314+104.3k
XTX Topco Ltd New +91,100+91.1k
TWO SIGMA SECURITIES, LLC New +83,550+83.5k
JANE STREET GROUP, LLC Added +61,408+61.4k
RENAISSANCE TECHNOLOGIES LLC New +47,500+47.5k
Squarepoint Ops LLC Added +45,264+45.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +41,531+41.5k

Biggest sellers

CANTOR FITZGERALD, L. P. Sold out -51,000-51.0k
Capstone Capital Management Ltd Reduced -50,063-50.1k
SIMPLEX TRADING, LLC Sold out -17,221-17.2k
IMC-Chicago, LLC Sold out -12,486-12.5k
MORGAN STANLEY Sold out -600-600

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.5m1.1m shares
CITADEL ADVISORS LLC Added $990.7k128.5k shares
JANE STREET GROUP, LLC Reduced $261.4k33.9k shares

Biggest puts

CITADEL ADVISORS LLC Added $2.9m371.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $758.7k98.4k shares
JANE STREET GROUP, LLC Reduced $237.5k30.8k 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 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 750,064750.1k $5.8m $5.8m 0.00% Added +700.0k +700,000
2 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 302,923302.9k $2.3m $2.3m 0.00% Added +243.7k +243,715
3 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 254,387254.4k $2.0m $2.0m 0.00% New
4 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 130,913130.9k $1.0m $1.0m 0.00% Added +39.1k +39,132
5 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 122,797122.8k $946.8k $946.8k 0.00% Added +61.4k +61,408
6 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 110,977111.0k $855.6k $855.6k 0.00% Added +45.3k +45,264
7 Ikarian Capital, LLC 0.13% of their portfolio DALLAS, TX 105,822105.8k $815.9k $815.9k 0.13% Unchanged
8 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 104,314104.3k $804.3k $804.3k 0.01% New
9 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 91,10091.1k $702.4k $702.4k 0.01% New
10 TWO SIGMA SECURITIES, LLC 0.06% of their portfolio NEW YORK, NY 83,55083.5k $644.2k $644.2k 0.06% New
11 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 76,58076.6k $590.4k $590.4k 0.01% Added +34.2k +34,219
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 64,24264.2k $495.3k $495.3k 0.00% Added +41.5k +41,531
13 Capstone Capital Management Ltd 0.17% of their portfolio HONG KONG, K3 50,26150.3k $387.5k $387.5k 0.17% Reduced -50.1k -50,063
14 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 47,50047.5k $366.2k $366.2k 0.00% New
15 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 44,42444.4k $342.5k $342.5k 0.01% Added +37.5k +37,516
16 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 29,68029.7k $228.8k $228.8k 0.00% Added +24.0k +23,961
17 FLOW TRADERS U.S. LLC 0.00% of their portfolio NEW YORK, NY 15,16415.2k $117.0k $117.0k 0.00% New
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 12,19512.2k $94.0k $94.0k 0.00% New
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,1756.2k $47.6k $47.6k 0.00% New
20 PayPay Securities Corp 0.30% of their portfolio TOKYO, M0 1,6011.6k $12.3k $12.3k 0.30% Added +447 +447
21 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 1,1461.1k $8.8k $8.8k 0.00% Added +108 +108