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Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF

56 hedge funds and large institutions have $111M invested in Direxion Daily 20+ Year Treasury Bull 3X ETF in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.57% less ownership

Funds ownership: 2.95% → 2.38% (-0.57%)

11% less funds holding

Funds holding: 63 → 56 (-7)

13% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 16

13% less call options, than puts

Call options by funds: $253M | Put options by funds: $291M

25% less capital invested

Capital invested by funds: $148M → $111M (-$36.6M)

37% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 19

Holders
56
Holders Change
-7
Holders Change %
-11.11%
% of All Funds
0.74%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
12
Increased
14
Reduced
16
Closed
19
Calls
$253M
Puts
$291M
Net Calls
-$37.8M
Net Calls Change
-$26.9M

Top Buyers

Rank Fund Capital Flow
1
MG
Marex Group
+$3.56M
2
JP Morgan Chase
JP Morgan Chase
New York
+$3.33M
3
PCM
Ping Capital Management
New York
+$2.64M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$2.22M
5
Wolverine Trading
Wolverine Trading
Illinois
+$2.13M

Top Sellers

Rank Fund Capital Flow
1
JF
Jump Financial
Illinois
-$18.9M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$9.59M
3
GS
GTS Securities
New York
-$5.75M
4
VF
Virtu Financial
New York
-$5.01M
5
IWM
IHT Wealth Management
Illinois
-$3.74M
Name Holding Trade Value Shares
Change 		Change in
Stake
Mariner
26
Mariner
Kansas
$649K +$383 +10 +0.1%
Vontobel Holding
27
Vontobel Holding
Switzerland
$510K -$39.8K -1,040 -8%
GSC
28
Ground Swell Capital
South Carolina
$419K +$399K +10,431 New
PCA
29
PMV Capital Advisers
Texas
$338K +$574 +15 +0.2%
EWA
30
Exencial Wealth Advisors
Oklahoma
$321K – – –
FTUS
31
Flow Traders U.S.
New York
$287K -$128K -3,334 -32%
Wealth Enhancement Advisory Services
32
Wealth Enhancement Advisory Services
Minnesota
$283K – – –
XSC
33
X-Square Capital
Puerto Rico
$281K +$268K +7,000 New
Optiver Holding
34
Optiver Holding
Netherlands
$258K -$1.96M -51,055 -89%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$241K -$9.15K -239 -4%
AWA
36
Arkadios Wealth Advisors
Georgia
$209K – – –
MAM
37
Morse Asset Management
Connecticut
$161K +$153K +4,000 New
PPA
38
Pilgrim Partners Asia
Singapore
$145K +$138K +3,600 New
SSA
39
SSA Swiss Advisors
$118K – – –
Group One Trading
40
Group One Trading
Illinois
$98.8K -$2.36M -61,594 -96%
JEST
41
JTC Employer Solutions Trustee
Jersey
$60K – – –
CIBC Private Wealth Group
42
CIBC Private Wealth Group
Georgia
$28.7K +$536 +14 +2%
IWM
43
IMG Wealth Management
Florida
$24.6K – – –
FFA
44
Farther Finance Advisors
California
$20.1K – – –
AWM
45
AE Wealth Management
Kansas
$16.8K – – –
Osaic Holdings
46
Osaic Holdings
Arizona
$15.8K +$4.98K +130 +50%
NA
47
NewEdge Advisors
Louisiana
$15.6K +$14.9K +388 New
FDCDDQ
48
Federation des caisses Desjardins du Quebec
Quebec, Canada
$12.1K -$11.8K -309 -51%
PS
49
PayPay Securities
Japan
$9.58K -$1.3K -34 -13%
HFS
50
Hantz Financial Services
Michigan
$4K – – –
1
2
3

TMF Hedge Fund Activity: Q3 2025 in Review

56 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) for Q3 2025, worth a combined $111M — down 25% from $148M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of TMF and 12 opened new positions — a net loss of 7 holders — while 16 trimmed existing stakes and 14 added.

The largest buyer was Marex Group, adding an estimated $3.56M. The largest seller was Jump Financial, exiting entirely with an estimated $18.9M sold.

  • 56 institutional investors held Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) as of Q3 2025, down from 63 in Q2 2025.
  • Funds reported $111M of Direxion Daily 20+ Year Treasury Bull 3X ETF stock for Q3 2025, down 25% quarter-over-quarter.
  • 12 funds opened new Direxion Daily 20+ Year Treasury Bull 3X ETF positions in Q3 2025 and 19 closed out, a net change of -7 holders.
  • The largest Direxion Daily 20+ Year Treasury Bull 3X ETF buyer in Q3 2025 was Marex Group, an estimated $3.56M added.
  • The largest Direxion Daily 20+ Year Treasury Bull 3X ETF seller in Q3 2025 was Jump Financial, an estimated $18.9M sold.

Based on aggregated 13F filings for Q3 2025.