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Direxion Daily 20+ Year Treasury Bull 3X ETF

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: 11 (0)

6% less capital invested

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

7% less funds holding

Funds holding: 5652 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
SS
1
SBI Securities
Japan
$21.4M -$2.26M -55,715 -9%
PIS
2
PPSC Investment Service
Japan
$10.1M +$1.1M +27,254 +11%
UBS Group
3
UBS Group
Switzerland
$8.5M +$2.21M +54,549 +31%
Group One Trading
4
Group One Trading
Illinois
$7.69M +$8.24M +203,617 +8,284%
QC
5
Quadrature Capital
United Kingdom
$6.99M +$7.59M +187,401 New
JP Morgan Chase
6
JP Morgan Chase
New York
$6.63M +$679K +16,774 +10%
SG Americas Securities
7
SG Americas Securities
New York
$5.43M +$1.7M +42,053 +41%
MG
8
Marex Group
$4.91M +$682K +16,841 +15%
Citadel Advisors
9
Citadel Advisors
Florida
$4.86M +$5.27M +130,280 New
Simplex Trading
10
Simplex Trading
Illinois
$4.61M -$2.51M -62,064 -33%
Citigroup
11
Citigroup
New York
$3.28M -$2.58M -63,803 -42%
HCM
12
Hollencrest Capital Management
California
$2.57M -$192K -4,754 -6%
PCM
13
Ping Capital Management
New York
$2.54M -$40.5K -1,000 -1%
CICI
14
Capital Investment Counsel Inc
North Carolina
$1.84M -$243K -6,000 -11%
Morgan Stanley
15
Morgan Stanley
New York
$1.53M -$5.11M -126,183 -76%
Susquehanna International Group
16
Susquehanna International Group
Pennsylvania
$1.52M -$438K -10,809 -21%
IMC Chicago
17
IMC Chicago
Illinois
$1.44M +$1.56M +38,528 New
FTUS
18
Flow Traders U.S.
New York
$1.26M +$1.08M +26,565 +371%
Bank of Montreal
19
Bank of Montreal
Ontario, Canada
$1.25M -$121 -3 -0%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$1M +$1.09M +26,895 New
Goldman Sachs
21
Goldman Sachs
New York
$854K -$199K -4,921 -18%
XT
22
XTX Topco
Cayman Islands
$649K -$1.47M -36,269 -68%
BCM
23
Bluefin Capital Management
New York
$511K +$555K +13,700 New
SSG
24
Summit Securities Group
New York
$504K +$547K +13,500 New
Vontobel Holding
25
Vontobel Holding
Switzerland
$393K -$87.2K -2,155 -17%

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.