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Direxion Daily 20+ Year Treasury Bear 3X ETF

24 hedge funds and large institutions have $39.6M invested in Direxion Daily 20+ Year Treasury Bear 3X ETF in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

732% more call options, than puts

Call options by funds: $59.9M | Put options by funds: $7.2M

11% more capital invested

Capital invested by funds: $35.6M → $39.6M (+$4.04M)

2.09% more ownership

Funds ownership: 19.68%21.77% (+2.1%)

0% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 8

14% less funds holding

Funds holding: 2824 (-4)

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7

Holders
24
Holders Change
-4
Holders Change %
-14.29%
% of All Funds
0.31%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
3
Increased
8
Reduced
8
Closed
7
Calls
$59.9M
Puts
$7.2M
Net Calls
+$52.7M
Net Calls Change
+$18.4M
Name Holding Trade Value Shares
Change
Change in
Stake
SS
1
SBI Securities
Japan
$9.6M -$203K -5,388 -2%
IMC Chicago
2
IMC Chicago
Illinois
$5.73M +$3.72M +98,954 +153%
CL
3
CIM LLC
New York
$5.02M +$44.9K +1,194 +0.8%
Renaissance Technologies
4
Renaissance Technologies
New York
$4.17M +$2.46M +65,500 +122%
Susquehanna International Group
5
Susquehanna International Group
Pennsylvania
$3.51M +$2.5M +66,486 +197%
PCM
6
Prelude Capital Management
New York
$2.81M +$2.73M +72,650 +957%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$1.51M +$1.63M +43,215 New
SFG
8
Snider Financial Group
Washington
$1.49M -$276K -7,350 -15%
JF
9
Jump Financial
Illinois
$1.49M +$1.09M +29,001 +216%
Citadel Advisors
10
Citadel Advisors
Florida
$1.27M -$1.36M -36,251 -50%
Jane Street
11
Jane Street
New York
$1.05M -$1.59M -42,340 -59%
VF
12
Virtu Financial
New York
$516K -$1.49M -39,659 -73%
Morgan Stanley
13
Morgan Stanley
New York
$463K -$90.8K -2,413 -15%
MS
14
Madden Securities
Texas
$456K
CSP
15
Cary Street Partners
Virginia
$262K
AUB
16
Atlantic Union Bankshares
Virginia
$107K +$1.62K +43 +1%
Group One Trading
17
Group One Trading
Illinois
$74.6K +$80.1K +2,129 New
JEST
18
JTC Employer Solutions Trustee
Jersey
$54K
JWA
19
JFS Wealth Advisors
Pennsylvania
$17.5K
PS
20
PayPay Securities
Japan
$12.2K +$2.9K +77 +28%
Qube Research & Technologies (QRT)
21
Qube Research & Technologies (QRT)
United Kingdom
$7.88K -$9.33K -248 -52%
Optiver Holding
22
Optiver Holding
Netherlands
$7.11K -$231K -6,132 -97%
CIBC Private Wealth Group
23
CIBC Private Wealth Group
Georgia
$7.01K
JP Morgan Chase
24
JP Morgan Chase
New York
$3.36K +$3.61K +96 New
HNB
25
Huntington National Bank
Ohio
$35

TMV Hedge Fund Activity: Q3 2025 in Review

24 of the 7,626 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) for Q3 2025, worth a combined $39.6M — up 11% from $35.6M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of TMV and 3 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 8 added.

The largest buyer was IMC Chicago, adding an estimated $3.72M. The largest seller was Jane Street, cutting an estimated $1.59M.

  • 24 institutional investors held Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) as of Q3 2025, down from 28 in Q2 2025.
  • Funds reported $39.6M of Direxion Daily 20+ Year Treasury Bear 3X ETF stock for Q3 2025, up 11% quarter-over-quarter.
  • 3 funds opened new Direxion Daily 20+ Year Treasury Bear 3X ETF positions in Q3 2025 and 7 closed out, a net change of -4 holders.
  • The largest Direxion Daily 20+ Year Treasury Bear 3X ETF buyer in Q3 2025 was IMC Chicago, an estimated $3.72M added.
  • The largest Direxion Daily 20+ Year Treasury Bear 3X ETF seller in Q3 2025 was Jane Street, an estimated $1.59M sold.

Based on aggregated 13F filings for Q3 2025.