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Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF

52 hedge funds and large institutions have $105M invested in Direxion Daily 20+ Year Treasury Bull 3X ETF in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.27% more ownership

Funds ownership: 2.38% → 2.64% (+0.27%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less capital invested

Capital invested by funds: $111M → $105M (-$6.66M)

7% less funds holding

Funds holding: 56 → 52 (-4)

19% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 16

19% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 16

32% less call options, than puts

Call options by funds: $193M | Put options by funds: $283M

Holders
52
Holders Change
-4
Holders Change %
-7.14%
% of All Funds
0.63%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
13
Increased
13
Reduced
16
Closed
16
Calls
$193M
Puts
$283M
Net Calls
-$90.1M
Net Calls Change
-$52.3M

Top Buyers

1
Group One Trading
Group One Trading
Illinois
+$8.24M
2
QC
Quadrature Capital
United Kingdom
+$7.59M
3
Citadel Advisors
Citadel Advisors
Florida
+$5.27M
4
UBS Group
UBS Group
Switzerland
+$2.21M
5
SG Americas Securities
SG Americas Securities
New York
+$1.7M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$5.11M
2
Citigroup
Citigroup
New York
-$2.58M
3
VF
Virtu Financial
New York
-$2.55M
4
Simplex Trading
Simplex Trading
Illinois
-$2.51M
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$2.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
26
Steele Capital Management
Iowa
$385K +$418K +10,327 New
PCA
27
PMV Capital Advisers
Texas
$332K +$19.4K +479 +6%
EWA
28
Exencial Wealth Advisors
Oklahoma
$299K – – –
FIA
29
FNY Investment Advisers
New York
$276K +$300K +7,400 New
LFA
30
LifeGuide Financial Advisors
Pennsylvania
$261K -$707K -17,462 -71%
SW
31
Simplicity Wealth
New Jersey
$231K +$250K +6,185 New
MAM
32
Morse Asset Management
Connecticut
$149K – – –
SSA
33
SSA Swiss Advisors
$110K – – –
TAM
34
Tucker Asset Management
Colorado
$79K +$85.7K +2,116 New
JEST
35
JTC Employer Solutions Trustee
Jersey
$56K – – –
CIBC Private Wealth Group
36
CIBC Private Wealth Group
Georgia
$27K +$324 +8 +1%
IWM
37
IMG Wealth Management
Florida
$22.9K – – –
FFA
38
Farther Finance Advisors
California
$18.9K +$243 +6 +1%
SFA
39
Sequoia Financial Advisors
Ohio
$18K +$19.5K +481 New
NA
40
NewEdge Advisors
Louisiana
$14.5K – – –
PS
41
PayPay Securities
Japan
$11.7K +$3.04K +75 +32%
Osaic Holdings
42
Osaic Holdings
Arizona
$11.2K -$3.68K -91 -23%
FDCDDQ
43
Federation des caisses Desjardins du Quebec
Quebec, Canada
$7.28K -$4.25K -105 -35%
HFS
44
Hantz Financial Services
Michigan
$4K – – –
BNP Paribas Financial Markets
45
BNP Paribas Financial Markets
France
$3.73K -$2.34M -57,800 -100%
FFA
46
Frazier Financial Advisors
Ohio
$3.73K +$4.05K +100 New
PA
47
Parallel Advisors
California
$3.4K – – –
TRCT
48
Tower Research Capital (TRC)
New York
$3.4K +$3.56K +88 +2,933%
KPP
49
Kings Path Partners
Texas
$1.46K +$162 +4 +11%
OWP
50
ORG Wealth Partners
Texas
$1.16K – – –
1
2
3

TMF Hedge Fund Activity: Q4 2025 in Review

52 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) for Q4 2025, worth a combined $105M — down 6% from $111M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of TMF and 13 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 13 added.

The largest buyer was Group One Trading, adding an estimated $8.24M. The largest seller was Morgan Stanley, cutting an estimated $5.11M.

  • 52 institutional investors held Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) as of Q4 2025, down from 56 in Q3 2025.
  • Funds reported $105M of Direxion Daily 20+ Year Treasury Bull 3X ETF stock for Q4 2025, down 6% quarter-over-quarter.
  • 13 funds opened new Direxion Daily 20+ Year Treasury Bull 3X ETF positions in Q4 2025 and 16 closed out, a net change of -3 holders.
  • The largest Direxion Daily 20+ Year Treasury Bull 3X ETF buyer in Q4 2025 was Group One Trading, an estimated $8.24M added.
  • The largest Direxion Daily 20+ Year Treasury Bull 3X ETF seller in Q4 2025 was Morgan Stanley, an estimated $5.11M sold.

Based on aggregated 13F filings for Q4 2025.