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MSTX

Defiance Daily Target 2x Long MSTR ETF
MSTX

41 hedge funds and large institutions have $105M invested in Defiance Daily Target 2x Long MSTR ETF in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

107% more capital invested

Capital invested by funds: $50.8M → $105M (+$54.4M)

37% more call options, than puts

Call options by funds: $180M | Put options by funds: $131M

3% more funds holding

Funds holding: 40 → 41 (+1)

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

0.36% more ownership

Funds ownership: 0.49% → 0.85% (+0.36%)

18% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 11

Holders
41
Holders Change
+1
Holders Change %
+2.5%
% of All Funds
0.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
9
Reduced
11
Closed
12
Calls
$180M
Puts
$131M
Net Calls
+$48.6M
Net Calls Change
+$36.5M

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$16.7M
2
Goldman Sachs
Goldman Sachs
New York
+$14.2M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$11.2M
4
Citadel Advisors
Citadel Advisors
Florida
+$3.33M
5
VC
Vestor Capital
Illinois
+$2.22M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$10.6M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$7.97M
3
Simplex Trading
Simplex Trading
Illinois
-$1.55M
4
SRL
Scientech Research LLC
New Jersey
-$1.35M
5
Optiver Holding
Optiver Holding
Netherlands
-$1.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
PI
26
PFG Investments
New York
$202K +$178K +500 New
Belvedere Trading
27
Belvedere Trading
Illinois
$128K -$88.8K -250 -44%
PSFG
28
Park Square Financial Group
Georgia
$82.7K – – –
MPWT
29
MassMutual Private Wealth & Trust
Connecticut
$61.8K – – –
BHWM
30
Beaird Harris Wealth Management
Texas
$44.1K – – –
Bank of America
31
Bank of America
North Carolina
$40.6K -$3.91K -11 -10%
AWM
32
Activest Wealth Management
Florida
$38.1K – – –
SWM
33
Spire Wealth Management
Virginia
$37.1K +$32.7K +92 New
ACA
34
Aptus Capital Advisors
Alabama
$22.5K +$19.9K +56 New
FFA
35
Farther Finance Advisors
California
$18.2K +$7.11K +20 +80%
GRP
36
Global Retirement Partners
California
$9.89K +$8.88K +25 New
PA
37
Parallel Advisors
California
$8.07K +$1.42K +4 +25%
LFG
38
Larson Financial Group
Missouri
$4.08K – – –
S
39
SignatureFD
Georgia
$4.04K +$3.55K +10 New
IA
40
IFP Advisors
Florida
$1.54K -$57.6K -162 -98%
HT
41
Headlands Technologies
Illinois
$726 -$7.82K -22 -92%
TRCT
42
Tower Research Capital (TRC)
New York
$121 -$18.1K -51 Closed
Simplex Trading
43
Simplex Trading
Illinois
– -$1.55M -6,012 Closed
IMC Chicago
44
IMC Chicago
Illinois
– -$493K -1,909 Closed
Group One Trading
45
Group One Trading
Illinois
– -$486K -1,885 Closed
OMC
46
Old Mission Capital
Illinois
– -$449K -1,740 Closed
JWCA
47
J.W. Cole Advisors
Florida
– -$402K -1,558 Closed
NFP
48
Narus Financial Partners
Utah
– -$223K -864 Closed
LP
49
LMR Partners
United Kingdom
– -$79.2K -223 Closed
CC
50
Centiva Capital
New York
– -$39.8K -112 Closed
1
2
3

MSTX Hedge Fund Activity: Q2 2025 in Review

41 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Defiance Daily Target 2x Long MSTR ETF (MSTX) for Q2 2025, worth a combined $105M — up 107% from $50.8M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new MSTX positions and 12 closed out — a net gain of 1 holder — while 9 added to existing stakes and 11 trimmed.

The largest buyer was UBS Group, adding an estimated $16.7M. The largest seller was Jane Street, cutting an estimated $10.6M.

  • 41 institutional investors held Defiance Daily Target 2x Long MSTR ETF (MSTX) as of Q2 2025, up from 40 in Q1 2025.
  • Funds reported $105M of Defiance Daily Target 2x Long MSTR ETF stock for Q2 2025, up 107% quarter-over-quarter.
  • 13 funds opened new Defiance Daily Target 2x Long MSTR ETF positions in Q2 2025 and 12 closed out, a net change of +1 holder.
  • The largest Defiance Daily Target 2x Long MSTR ETF buyer in Q2 2025 was UBS Group, an estimated $16.7M added.
  • The largest Defiance Daily Target 2x Long MSTR ETF seller in Q2 2025 was Jane Street, an estimated $10.6M sold.

Based on aggregated 13F filings for Q2 2025.