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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Group One Trading
Chicago,
Illinois
|
+$8.24M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
+$7.59M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$5.27M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$2.21M |
| 5 |
SG Americas Securities
New York
|
+$1.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.11M |
| 2 |
Citigroup
New York
|
-$2.58M |
| 3 |
VF
Virtu Financial
New York
|
-$2.55M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
-$2.51M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$2.34M |
TMF Hedge Fund Activity: Q4 2025 in Review
52 of the 8,270 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.