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Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF

63 hedge funds and large institutions have $148M invested in Direxion Daily 20+ Year Treasury Bull 3X ETF in 2025 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.81% less ownership

Funds ownership: 3.76% → 2.95% (-0.81%)

5% less call options, than puts

Call options by funds: $220M | Put options by funds: $231M

5% less funds holding

Funds holding: 66 → 63 (-3)

17% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 18

26% less capital invested

Capital invested by funds: $199M → $148M (-$51.6M)

Holders
63
Holders Change
-3
Holders Change %
-4.55%
% of All Funds
0.83%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
15
Increased
18
Reduced
14
Closed
18
Calls
$220M
Puts
$231M
Net Calls
-$10.9M
Net Calls Change
-$76.6M

Top Buyers

Rank Fund Capital Flow
1
JF
Jump Financial
Illinois
+$9.97M
2
Citigroup
Citigroup
New York
+$6.44M
3
Simplex Trading
Simplex Trading
Illinois
+$6.44M
4
VF
Virtu Financial
New York
+$5.87M
5
UBS Group
UBS Group
Switzerland
+$4.1M

Top Sellers

Rank Fund Capital Flow
1
MRCP
Maple Rock Capital Partners
Ontario, Canada
-$41.6M
2
Citadel Advisors
Citadel Advisors
Florida
-$21.1M
3
GS
GTS Securities
New York
-$7.03M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$6.44M
5
JP Morgan Chase
JP Morgan Chase
New York
-$3.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
Belvedere Trading
26
Belvedere Trading
Illinois
$872K +$840K +21,767 +4,681%
MG
27
Marex Group
$847K -$614K -15,921 -42%
SRL
28
Scientech Research LLC
New Jersey
$712K +$700K +18,135 New
Mariner
29
Mariner
Kansas
$633K +$159K +4,118 +34%
IA
30
Integrity Alliance
Iowa
$589K -$11.5K -299 -2%
Vontobel Holding
31
Vontobel Holding
Switzerland
$539K -$21.8K -566 -4%
HF
32
HRT Financial
New York
$477K +$469K +12,157 New
FTUS
33
Flow Traders U.S.
New York
$412K +$405K +10,489 New
XT
34
XTX Topco
Cayman Islands
$403K +$397K +10,280 New
Jane Street
35
Jane Street
New York
$399K +$393K +10,174 New
PCA
36
PMV Capital Advisers
Texas
$330K +$23.4K +607 +8%
EWA
37
Exencial Wealth Advisors
Oklahoma
$314K – – –
RF
38
RHS Financial
California
$311K +$305K +7,914 New
PCM
39
Prelude Capital Management
New York
$292K +$287K +7,430 New
Wealth Enhancement Advisory Services
40
Wealth Enhancement Advisory Services
Minnesota
$267K +$272K +7,037 New
Bank of New York Mellon
41
Bank of New York Mellon
New York
$245K +$2.24K +58 +0.9%
AWA
42
Arkadios Wealth Advisors
Georgia
$204K – – –
HIM
43
Hillsdale Investment Management
Ontario, Canada
$117K -$55.2K -1,430 -32%
SSA
44
SSA Swiss Advisors
$107K – – –
JEST
45
JTC Employer Solutions Trustee
Jersey
$59K – – –
EWA
46
EverSource Wealth Advisors
Alabama
$39.2K – – –
TRCT
47
Tower Research Capital (TRC)
New York
$38.4K +$15.9K +412 +73%
CIBC Private Wealth Group
48
CIBC Private Wealth Group
Georgia
$27.5K – – –
IWM
49
IMG Wealth Management
Florida
$24.1K – – –
FDCDDQ
50
Federation des caisses Desjardins du Quebec
Quebec, Canada
$23.9K -$10.1K -262 -30%
1
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TMF Hedge Fund Activity: Q2 2025 in Review

63 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) for Q2 2025, worth a combined $148M — down 26% from $199M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of TMF and 15 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 18 added.

The largest buyer was Jump Financial, adding an estimated $9.97M. The largest seller was Maple Rock Capital Partners, exiting entirely with an estimated $41.6M sold.

  • 63 institutional investors held Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) as of Q2 2025, down from 66 in Q1 2025.
  • Funds reported $148M of Direxion Daily 20+ Year Treasury Bull 3X ETF stock for Q2 2025, down 26% quarter-over-quarter.
  • 15 funds opened new Direxion Daily 20+ Year Treasury Bull 3X ETF positions in Q2 2025 and 18 closed out, a net change of -3 holders.
  • The largest Direxion Daily 20+ Year Treasury Bull 3X ETF buyer in Q2 2025 was Jump Financial, an estimated $9.97M added.
  • The largest Direxion Daily 20+ Year Treasury Bull 3X ETF seller in Q2 2025 was Maple Rock Capital Partners, an estimated $41.6M sold.

Based on aggregated 13F filings for Q2 2025.