Headlands Technologies’s Direxion Daily Small Cap Bear 3x ETF TZA Stock Holding History

Headlands Technologies’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
2026 Q2	$859K	Buy	22,672 +16,553	+271%	+$800K	0.09%	278
2026 Q1	$430K	Buy	+6,119	New	+$398K	0.05%	400
2024 Q4	–	Sell	-1,829	Closed	-$247K	–	1605
2024 Q3	$247K	Buy	1,829 +1,083	+145%	+$167K	0.03%	473
2024 Q2	$138K	Sell	746 -548	-42%	-$104K	0.01%	556
2024 Q1	$217K	Buy	1,294 +288	+29%	+$58.2K	0.05%	352
2023 Q4	$201K	Buy	1,006 +922	+1,098%	+$276K	0.06%	274
2023 Q3	$26K	Buy	+84	New	+$22.1K	0.01%	552
2023 Q2	–	Sell	-171	Closed	-$53.3K	–	1010
2023 Q1	$53.3K	Buy	+171	New	+$50.9K	0.04%	230

Other funds holding TZA

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Jane Street New York $1.21T AUM 78.12% 1-Year Est. Return

TGY2IT

Timothy G. Youngquist 2020 Irrevocable Trust Fort Myers, Florida $510M AUM

Susquehanna International Group Bala Cynwyd, Pennsylvania $1.28T AUM 58.89% 1-Year Est. Return

BRF

B. Riley Financial Los Angeles, California $434M AUM 751.56% 1-Year Est. Return

Squarepoint New York $90.5B AUM 33.95% 1-Year Est. Return

Choreo LLC Rockford, Illinois $9.11B AUM 26.3% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return

Belvedere Trading Chicago, Illinois $87.6B AUM 131.08% 1-Year Est. Return

Headlands Technologies's TZA Position: Q2 2026 in Review

Headlands Technologies increased its Direxion Daily Small Cap Bear 3x ETF (TZA) stake by 271% in Q2 2026, buying an estimated $800K and bringing the position to 22,672 shares worth $859K. The position accounts for 0.09% of the portfolio, ranked #278.

Headlands Technologies first reported a position in TZA in Q1 2023 and has held it in 8 quarters since. 42 funds tracked by Wall St. Rank hold TZA as of Q2 2026.

Headlands Technologies held 22,672 shares of Direxion Daily Small Cap Bear 3x ETF worth $859K as of Q2 2026.
Headlands Technologies bought 16,553 Direxion Daily Small Cap Bear 3x ETF shares in Q2 2026, an estimated $800K.
Direxion Daily Small Cap Bear 3x ETF made up 0.09% of Headlands Technologies's portfolio in Q2 2026, its #278 holding.
Headlands Technologies first reported a position in Direxion Daily Small Cap Bear 3x ETF in Q1 2023 and has held it in 8 quarters since.
42 funds tracked by Wall St. Rank held Direxion Daily Small Cap Bear 3x ETF as of Q2 2026.

Based on Headlands Technologies's 13F filing for Q2 2026, filed 13 Aug 2026.