Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
24 hedge funds and large institutions have $29.9M invested in Direxion Daily 20+ Year Treasury Bear 3X ETF in 2025 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 8 closing their positions.
425% more call options, than puts
Call options by funds: $66.5M | Put options by funds: $12.7M
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
0% more funds holding
Funds holding: 24 → 24 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
3.85% less ownership
Funds ownership: 21.77% → 17.92% (-3.9%)
24% less capital invested
Capital invested by funds: $39.6M → $29.9M (-$9.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$1.6M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$1.59M |
| 3 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$1.39M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$1.03M |
| 5 |
Group One Trading
Chicago,
Illinois
|
+$723K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$4.17M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$3.81M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.2M |
| 4 |
PCM
Prelude Capital Management
New York
|
-$2.81M |
| 5 |
SFG
Snider Financial Group
Bellevue,
Washington
|
-$1.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Renaissance Technologies
New York
| – | -$4.17M | -119,000 | Closed |
|
|
PCM
27
Prelude Capital Management
New York
| – | -$2.81M | -80,240 | Closed |
|
|
SFG
28
Snider Financial Group
Bellevue,
Washington
| – | -$1.49M | -42,650 | Closed |
|
29
Jane Street
New York
| – | -$1.04M | -29,917 | Closed |
|
|
CSP
30
Cary Street Partners
Richmond,
Virginia
| – | -$262K | -7,476 | Closed |
|
|
JWA
31
JFS Wealth Advisors
Hermitage,
Pennsylvania
| – | -$17.5K | -500 | Closed |
|
32
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$7.88K | -225 | Closed |
|
33
JP Morgan Chase
New York
| – | -$3.36K | -96 | Closed |
|
TMV Hedge Fund Activity: Q4 2025 in Review
24 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) for Q4 2025, worth a combined $29.9M — down 24% from $39.6M a quarter earlier.
Fund positioning in TMV was balanced in Q4 2025: 8 funds opened new positions, 8 closed out, 7 added to existing stakes and 5 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $1.6M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $4.17M sold.
- 24 institutional investors held Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) as of Q4 2025, unchanged from Q3 2025.
- Funds reported $29.9M of Direxion Daily 20+ Year Treasury Bear 3X ETF stock for Q4 2025, down 24% quarter-over-quarter.
- 8 funds opened new Direxion Daily 20+ Year Treasury Bear 3X ETF positions in Q4 2025 and 8 closed out, a net change of 0 holders.
- The largest Direxion Daily 20+ Year Treasury Bear 3X ETF buyer in Q4 2025 was Citadel Advisors, an estimated $1.6M added.
- The largest Direxion Daily 20+ Year Treasury Bear 3X ETF seller in Q4 2025 was Renaissance Technologies, an estimated $4.17M sold.
Based on aggregated 13F filings for Q4 2025.