Vault-13

GRANITESHARES ETF TR NVDL

2X LONG NVDA DAI · ETP · CUSIP 38747R827

84 institutional holders +12 vs Q1 2025
3,860,0213.9m shares reported held*
$272.3mreported value*
31 new 14 added 25 reduced 21 sold out net sold ≈ $244.1m (-3.5m 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 ≈ $70.54. Options: 7 managers hold calls ($537.4m notional), 5 hold puts ($291.6m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q4 22: 2Q1 23: 5Q2 23: 7Q3 23: 14Q4 23: 17Q1 24: 39Q2 24: 57Q3 24: 71Q4 24: 73Q1 25: 72Q2 25: 8484Q4 22Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 20222
Q1 20235
Q2 20237
Q3 202314
Q4 202317
Q1 202439
Q2 202457
Q3 202471
Q4 202473
Q1 202572
Q2 202584

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 12 bought or addedQ3 23: 5 cut or sold outQ4 23: 12 bought or addedQ4 23: 7 cut or sold outQ4 23Q1 24: 37 bought or addedQ1 24: 7 cut or sold outQ2 24: 41 bought or addedQ2 24: 24 cut or sold outQ2 24Q3 24: 50 bought or addedQ3 24: 19 cut or sold outQ4 24: 45 bought or addedQ4 24: 35 cut or sold outQ4 24Q1 25: 52 bought or addedQ1 25: 38 cut or sold outQ2 25: 45 bought or addedQ2 25: 46 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023125
Q4 2023127
Q1 2024377
Q2 20244124
Q3 20245019
Q4 20244535
Q1 20255238
Q2 20254546

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ3 24 calls: $283.8mQ3 24 puts: $262.7mQ3 24P/C 0.93Q4 24 calls: $337.0mQ4 24 puts: $286.3mQ4 24P/C 0.85Q1 25 calls: $292.7mQ1 25 puts: $183.7mQ1 25P/C 0.63Q2 25 calls: $537.4mQ2 25 puts: $291.6mQ2 25P/C 0.54
Numbers
QuarterCallsPutsP/C
Q3 2024$283.8m$262.7m0.93
Q4 2024$337.0m$286.3m0.85
Q1 2025$292.7m$183.7m0.63
Q2 2025$537.4m$291.6m0.54

Biggest buyers

JANE STREET GROUP, LLC Added +353,629+353.6k
GOLDMAN SACHS GROUP INC New +300,000+300.0k
NorthCoast Asset Management LLC Added +59,076+59.1k
Client First Investment Management LLC New +38,549+38.5k
Corient Private Wealth LP New +26,000+26.0k
JOSH ARNOLD INVESTMENT CONSULTANT, LLC New +13,650+13.7k
StoneX Group Inc. New +11,574+11.6k
Claro Advisors Inc. Added +6,565+6.6k
180 WEALTH ADVISORS, LLC New +6,328+6.3k
EP Wealth Advisors, LLC New +5,803+5.8k

Biggest sellers

APEIRON CAPITAL Ltd Sold out -1,900,000-1.9m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -647,298-647.3k
IMC-Chicago, LLC Sold out -470,234-470.2k
Oriental Harbor Investment Master Fund Reduced -294,981-295.0k
RENAISSANCE TECHNOLOGIES LLC Sold out -195,500-195.5k
GROUP ONE TRADING LLC Sold out -176,433-176.4k
MORGAN STANLEY Reduced -119,560-119.6k
FLOW TRADERS U.S. LLC Sold out -105,609-105.6k
Marex Group Ltd Sold out -72,214-72.2k
MERCER GLOBAL ADVISORS INC /ADV Reduced -62,070-62.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $220.9m3.1m shares
CITADEL ADVISORS LLC Added $176.7m2.5m shares
JANE STREET GROUP, LLC Added $129.4m1.8m shares
Walleye Trading LLC Added $9.4m133.9k shares
Belvedere Trading LLC Added $478.9k6.8k shares
Centric Wealth Management New $208.3k3.0k shares
HAP Trading, LLC Reduced $200.4k10.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $119.8m1.7m shares
JANE STREET GROUP, LLC Reduced $119.8m1.7m shares
CITADEL ADVISORS LLC Reduced $43.2m613.8k shares
Walleye Trading LLC Added $8.4m119.7k shares
Belvedere Trading LLC Reduced $316.9k4.5k 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 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,944,1951.9m $136.9m $136.9m 0.03% Reduced -19.1k -19,123
2 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 419,784419.8k $29.6m $29.6m 0.05% Added +353.6k +353,629
3 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 300,000300.0k $21.1m $21.1m 0.00% New
4 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 150,000150.0k $10.6m $10.6m 0.01% Unchanged
5 Oriental Harbor Investment Master Fund 0.76% of their portfolio HONG KONG, K3 121,294121.3k $8.5m $8.5m 0.76% Reduced -295.0k -294,981
6 Optiver Holding B.V. 0.22% of their portfolio AMSTERDAM, P7 113,855113.9k $8.0m $8.0m 0.22% Reduced -18.6k -18,604
7 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 80,09880.1k $5.6m $5.6m 0.01% Reduced -647.3k -647,298
8 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 73,50073.5k $5.2m $5.2m 0.01% Reduced -62.1k -62,070
9 TRUE Private Wealth Advisors 0.56% of their portfolio Salem, OR 70,51970.5k $5.0m $5.0m 0.56% Reduced -5.7k -5,719
10 NorthCoast Asset Management LLC 0.02% of their portfolio STAMFORD, CT 67,07667.1k $4.7m $4.7m 0.02% Added +59.1k +59,076
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 54,23354.2k $3.8m $3.8m 0.00% Reduced -119.6k -119,560
12 Client First Investment Management LLC 1.67% of their portfolio West Bend, WI 38,54938.5k $2.7m $2.7m 1.67% New
13 HOEY INVESTMENTS, INC 0.39% of their portfolio COATESVILLE, PA 36,65636.7k $2.6m $2.6m 0.39% Added +905 +905
14 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 34,23434.2k $2.4m $2.4m 0.01% Added +5.0k +4,970
15 Sequoia Financial Advisors, LLC 0.01% of their portfolio Akron, OH 30,31530.3k $2.1m $2.1m 0.01% Reduced -7.5k -7,508
16 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 26,00026.0k $1.8m $1.8m 0.00% New
17 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 23,10623.1k $1.6m $1.6m 0.00% Reduced -38.7k -38,715
18 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 22,77722.8k $1.6m $1.6m 0.01% Reduced -50.7k -50,707
19 SBI Securities Co., Ltd. 0.04% of their portfolio TOKYO, M0 20,22220.2k $1.4m $1.4m 0.04% Reduced -5.4k -5,446
20 Claro Advisors Inc. 0.22% of their portfolio BOSTON, MA 19,32619.3k $1.4m $1.4m 0.22% Added +6.6k +6,565
21 Mariner, LLC 0.00% of their portfolio Overland Park, KS 17,31017.3k $1.2m $1.2m 0.00% Reduced -9.4k -9,450
22 GatePass Capital, LLC 0.74% of their portfolio INDEPENDENCE, OH 15,93215.9k $1.1m $1.1m 0.74% Reduced -14.3k -14,340
23 DIVERSIFY WEALTH MANAGEMENT, LLC 0.09% of their portfolio SANDY, UT 15,00115.0k $1.4m $1.4m 0.09% Reduced -703 -703
24 JOSH ARNOLD INVESTMENT CONSULTANT, LLC 0.43% of their portfolio EDINA, MN 13,65013.7k $961.2k $961.2k 0.43% New
25 StoneX Group Inc. 0.04% of their portfolio NEW YORK, NY 11,57411.6k $815.0k $815.0k 0.04% New
26 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 10,88010.9k $766.2k $766.2k 0.02% Reduced -165 -165
27 Strategic Blueprint, LLC 0.03% of their portfolio ATLANTA, GA 7,4007.4k $521.1k $521.1k 0.03% Added +1.7k +1,700
28 Sovereign Financial Group, Inc. 0.11% of their portfolio STAMFORD, CT 7,3207.3k $515.5k $515.5k 0.11% Unchanged
29 VESTOR CAPITAL, LLC 0.04% of their portfolio CHICAGO, IL 7,1127.1k $503.0k $503.0k 0.04% Added +2.5k +2,512
30 180 WEALTH ADVISORS, LLC 0.06% of their portfolio FEDERAL WAY, WA 6,3286.3k $445.6k $445.6k 0.06% New
31 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 5,8035.8k $408.6k $408.6k 0.00% New
32 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 5,3805.4k $378.9k $378.9k 0.01% Added +5.1k +5,052
33 Magnus Financial Group LLC 0.03% of their portfolio NEW YORK, NY 5,2005.2k $366.2k $366.2k 0.03% New
34 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 5,0005.0k $352.1k $352.1k 0.01% New
35 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 4,9725.0k $350.1k $350.1k 0.01% New
36 Clarity Capital Partners LLC 0.12% of their portfolio Newport Beach, CA 4,9094.9k $345.7k $345.7k 0.12% New
37 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 4,5374.5k $319.5k $319.5k 0.00% Reduced -1.9k -1,880
38 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,3714.4k $307.8k $307.8k 0.00% Reduced -2.6k -2,614
39 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 4,3644.4k $307.3k $307.3k 0.01% Reduced -128 -128
40 SeaCrest Wealth Management, LLC 0.03% of their portfolio PURCHASE, NY 4,1694.2k $293.6k $293.6k 0.03% New
41 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 3,9073.9k $275.1k $275.1k 0.01% Added +1.1k +1,057
42 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 3,8583.9k $271.7k $271.7k 0.01% New
43 FLAGSTAR SECURITIES, INC 0.06% of their portfolio New York, NY 3,2903.3k $231.7k $231.7k 0.06% New
44 Gilliland Jeter Wealth Management LLC 0.08% of their portfolio LITTLE ROCK, AR 3,2853.3k $231.3k $231.3k 0.08% New
45 Tactive Advisors, LLC 0.07% of their portfolio Jacksonville, FL 3,2753.3k $230.6k $230.6k 0.07% First filing
46 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 3,1003.1k $218.3k $218.3k 0.00% Reduced -8.5k -8,500
47 Charter Oak Capital Management, LLC 0.02% of their portfolio PORTSMOUTH, NH 3,0003.0k $211.3k $211.3k 0.02% New
48 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 2,9833.0k $210.1k $210.1k 0.01% Reduced -14.6k -14,612
49 DUDLEY CAPITAL MANAGEMENT, LLC 0.10% of their portfolio Middleburg, VA 2,9002.9k $204.2k $204.2k 0.10% New
50 Lauer Wealth, LLC 0.22% of their portfolio VALPARAISO, IN 2,8052.8k $257.4k $257.4k 0.22% New
51 Diversify Advisory Services, LLC 0.01% of their portfolio SANDY, UT 2,5962.6k $240.6k $240.6k 0.01% New
52 HOLLENCREST CAPITAL MANAGEMENT 0.01% of their portfolio NEWPORT BEACH, CA 2,4302.4k $171.1k $171.1k 0.01% Unchanged
53 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,3752.4k $167.2k $167.2k 0.00% Added +788 +788
54 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 2,2252.2k $157.0k $157.0k 0.01% Reduced -1.1k -1,075
55 New Millennium Group LLC 0.07% of their portfolio SANDY, UT 1,8951.9k $133.4k $133.4k 0.07% New
56 Headlands Technologies LLC 0.01% of their portfolio CHICAGO, IL 1,6851.7k $118.7k $118.7k 0.01% Added +1.5k +1,525
57 LANARK FINANCIAL, INC. 0.01% of their portfolio BIRMINGHAM, AL 1,1601.2k $81.0k $81.0k 0.01% New
58 Park Square Financial Group, LLC 0.05% of their portfolio ROSWELL, GA 1,0501.1k $73.9k $73.9k 0.05% New
59 Cherry Tree Wealth Management, LLC 0.02% of their portfolio MINNETONKA, MN 1,0471.0k $73.7k $73.7k 0.02% Unchanged
60 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 1,0001.0k $70.4k $70.4k 0.00% Reduced -300 -300
61 Financially Speaking Inc 0.02% of their portfolio GREENWOOD VILLAGE, CO 500500 $35.2k $35.2k 0.02% New
62 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 420420 $29.6k $29.6k 0.00% New
63 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 350350 $24.6k $24.6k 0.00% Reduced -1.4k -1,350
64 Safe Harbor Fiduciary, LLC 0.02% of their portfolio PENSACOLA, FL 302302 $21.3k $21.3k 0.02% New
65 MJT & Associates Financial Advisory Group, Inc. 0.02% of their portfolio MONTEVIDEO, MN 240240 $16.9k $16.9k 0.02% Added +30 +30
66 OPTIMUM INVESTMENT ADVISORS 0.01% of their portfolio Chicago, IL 200200 $14.1k $14.1k 0.01% Reduced -20 -20
67 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 200200 $14.1k $14.1k 0.00% New
68 Chung Wu Investment Group, LLC 0.01% of their portfolio SUGAR LAND, TX 200200 $14.1k $14.1k 0.01% New
69 Pineridge Advisors LLC 0.00% of their portfolio ST. CHARLES, MO 150150 $10.6k $10.6k 0.00% Added +100 +100
70 PINNEY & SCOFIELD, INC. 0.01% of their portfolio CAMBRIDGE, MA 150150 $10.6k $10.6k 0.01% Unchanged
71 Aventura Private Wealth, LLC 0.00% of their portfolio AVENTURA, FL 100100 $7.0k $7.0k 0.00% Unchanged
72 Strategic Wealth Investment Group, LLC 0.01% of their portfolio LOUISVILLE, KY 9090 $6.3k $6.3k 0.01% New
73 Team Financial Group, LLC 0.00% of their portfolio TEMECULA, CA 7070 $4.9k $4.9k 0.00% New
74 ST GERMAIN D J CO INC 0.00% of their portfolio SPRINGFIELD, MA 6464 $4.5k $4.5k 0.00% New
75 Archer Investment Corp 0.00% of their portfolio Carmel, IN 5050 $3.5k $3.5k 0.00% Added +30 +30
76 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 3939 $2.7k $2.7k 0.00% New
77 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 3030 $2.1k $2.1k 0.00% Unchanged
78 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1919 $1.3k $1.3k 0.00% Unchanged
79 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 1616 $1.0k $1.0k 0.00% Unchanged
80 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1111 $775 $775 0.00% First filing
81 Tradewinds Capital Management, LLC 0.00% of their portfolio BELLINGHAM, WA 22 $141 $141 0.00% Unchanged
82 Activest Wealth Management 0.00% of their portfolio AVENTURA, FL 11 $60 $60 0.00% Unchanged
83 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged
84 Belvedere Trading LLC 0.00% of their portfolio CHICAGO, IL 00 $0 $0 0.00% Reduced -25.8k -25,803