Direxion Daily Aerospace & Defense Bull 3X ETF
DFEN
29 hedge funds and large institutions have $34.3M invested in Direxion Daily Aerospace & Defense Bull 3X ETF in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 10 closing their positions.
53% more call options, than puts
Call options by funds: $9.64M | Put options by funds: $6.29M
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
3% less ownership
Funds ownership: 13.01% → 10.01% (-3%)
12% less funds holding
Funds holding: 33 → 29 (-4)
30% less capital invested
Capital invested by funds: $48.7M → $34.3M (-$14.4M)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.44M |
| 2 |
GS
GTS Securities
New York
|
+$671K |
| 3 |
Group One Trading
Chicago,
Illinois
|
+$497K |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$396K |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$262K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
-$4.61M |
| 2 |
Jane Street
New York
|
-$4.06M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$3.06M |
| 4 |
TCM
Traynor Capital Management
Malvern,
Pennsylvania
|
-$1.91M |
| 5 |
NCM
Next Capital Management
New York
|
-$344K |
DFEN Hedge Fund Activity: Q4 2025 in Review
29 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Aerospace & Defense Bull 3X ETF (DFEN) for Q4 2025, worth a combined $34.3M — down 30% from $48.7M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of DFEN and 7 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 11 added.
The largest buyer was Susquehanna International Group, adding an estimated $2.44M. The largest seller was Quadrature Capital, exiting entirely with an estimated $4.61M sold.
- 29 institutional investors held Direxion Daily Aerospace & Defense Bull 3X ETF (DFEN) as of Q4 2025, down from 33 in Q3 2025.
- Funds reported $34.3M of Direxion Daily Aerospace & Defense Bull 3X ETF stock for Q4 2025, down 30% quarter-over-quarter.
- 7 funds opened new Direxion Daily Aerospace & Defense Bull 3X ETF positions in Q4 2025 and 10 closed out, a net change of -3 holders.
- The largest Direxion Daily Aerospace & Defense Bull 3X ETF buyer in Q4 2025 was Susquehanna International Group, an estimated $2.44M added.
- The largest Direxion Daily Aerospace & Defense Bull 3X ETF seller in Q4 2025 was Quadrature Capital, an estimated $4.61M sold.
Based on aggregated 13F filings for Q4 2025.