Direxion Daily 20+ Year Treasury Bull 3X ETF
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MG
Marex Group
London,
|
+$3.56M |
| 2 |
JP Morgan Chase
New York
|
+$3.33M |
| 3 |
PCM
Ping Capital Management
New York
|
+$2.64M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$2.22M |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
+$2.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JF
Jump Financial
Chicago,
Illinois
|
-$18.9M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$9.59M |
| 3 |
GS
GTS Securities
Miami,
Florida
|
-$5.75M |
| 4 |
VF
Virtu Financial
New York
|
-$5.01M |
| 5 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$3.74M |
TMF Hedge Fund Activity: Q3 2025 in Review
56 of the 7,640 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.