Direxion Daily Small Cap Bull 3x ETF
90 hedge funds and large institutions have $211M invested in Direxion Daily Small Cap Bull 3x ETF in 2025 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 20 closing their positions.
70% more call options, than puts
Call options by funds: $306M | Put options by funds: $179M
60% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 20
21% more capital invested
Capital invested by funds: $175M → $211M (+$36.3M)
11% more funds holding
Funds holding: 81 → 90 (+9)
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
0.15% more ownership
Funds ownership: 10.24% → 10.39% (+0.15%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$22.8M |
| 2 |
PIM
Peregrine Investment Management
Toronto,
Ontario, Canada
|
+$8.42M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$7.47M |
| 4 |
EWM
Elevatus Welath Management
Victor,
New York
|
+$5.69M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$15.8M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$11.1M |
| 3 |
TAA
TB Alternative Assets
Grand Cayman,
Cayman Islands
|
-$3.78M |
| 4 |
MG
Marex Group
London,
|
-$3.33M |
| 5 |
TCM
Traynor Capital Management
Malvern,
Pennsylvania
|
-$2.77M |
TNA Hedge Fund Activity: Q2 2025 in Review
90 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bull 3x ETF (TNA) for Q2 2025, worth a combined $211M — up 21% from $175M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new TNA positions and 20 closed out — a net gain of 12 holders — while 24 added to existing stakes and 22 trimmed.
The largest buyer was Tidal Investments, adding an estimated $22.8M. The largest seller was Jane Street, cutting an estimated $15.8M.
- 90 institutional investors held Direxion Daily Small Cap Bull 3x ETF (TNA) as of Q2 2025, up from 81 in Q1 2025.
- Funds reported $211M of Direxion Daily Small Cap Bull 3x ETF stock for Q2 2025, up 21% quarter-over-quarter.
- 32 funds opened new Direxion Daily Small Cap Bull 3x ETF positions in Q2 2025 and 20 closed out, a net change of +12 holders.
- The largest Direxion Daily Small Cap Bull 3x ETF buyer in Q2 2025 was Tidal Investments, an estimated $22.8M added.
- The largest Direxion Daily Small Cap Bull 3x ETF seller in Q2 2025 was Jane Street, an estimated $15.8M sold.
Based on aggregated 13F filings for Q2 2025.