Belvedere Trading
TZA icon

Belvedere Trading’s Direxion Daily Small Cap Bear 3x ETF TZA Stock Holding History

Belvedere Trading’s Portfolio TZA Stock Details TZA Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q3 		– Sell
-2,877
Closed -$341K – 1126
2025
Q2 		$341K Buy
+2,877
New +$441K ﹤0.01% 305
2024
Q3 		– Sell
-1,263
Closed -$234K – 938
2024
Q2 		$234K Buy
+1,263
New +$239K ﹤0.01% 325
2017
Q1 		$207K Buy
+29
New +$218K 0.09% 38

Other funds holding TZA

TSS
Two Sigma Securities New York $861M AUM 21.33% 1-Year Est. Return
Citadel Advisors
Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return
Susquehanna International Group
Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return
IMC Chicago
IMC Chicago Chicago, Illinois $278B AUM 44.93% 1-Year Est. Return
Group One Trading
Group One Trading Chicago, Illinois $52.2B AUM 104.56% 1-Year Est. Return
BPAMU
BTG Pactual Asset Management US New York $1.16B AUM 24.04% 1-Year Est. Return
Bank of New York Mellon
Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return
CL
Choreo LLC Rockford, Illinois $8.15B AUM 20.12% 1-Year Est. Return
Wolverine Trading
Wolverine Trading Chicago, Illinois $139B AUM 31.83% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Belvedere Trading's TZA Position: Q3 2025 in Review

Belvedere Trading sold out of Direxion Daily Small Cap Bear 3x ETF (TZA) in Q3 2025, closing a stake of 2,877 shares — an estimated $341K sold.

Belvedere Trading first reported a position in TZA in Q1 2017 and held it in 3 quarters. The position peaked at $341K in Q2 2025. 38 funds tracked by Wall St. Rank hold TZA as of Q3 2025.

  • Belvedere Trading reported no remaining Direxion Daily Small Cap Bear 3x ETF position as of Q3 2025 after selling out during the quarter.
  • Belvedere Trading sold 2,877 Direxion Daily Small Cap Bear 3x ETF shares in Q3 2025, an estimated $341K.
  • Belvedere Trading first reported a position in Direxion Daily Small Cap Bear 3x ETF in Q1 2017 and held it in 3 quarters.
  • Belvedere Trading's Direxion Daily Small Cap Bear 3x ETF position peaked at $341K in Q2 2025.
  • 38 funds tracked by Wall St. Rank held Direxion Daily Small Cap Bear 3x ETF as of Q3 2025.

Based on Belvedere Trading's 13F filing for Q3 2025, filed 27 Oct 2025.