Direxion Daily Small Cap Bull 3x ETF
TNA
81 hedge funds and large institutions have $175M invested in Direxion Daily Small Cap Bull 3x ETF in 2025 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 23 increasing their positions, 28 reducing their positions, and 32 closing their positions.
42% more call options, than puts
Call options by funds: $203M | Put options by funds: $143M
3.14% more ownership
Funds ownership: 7.1% → 10.24% (+3.1%)
3% less capital invested
Capital invested by funds: $180M → $175M (-$5.55M)
18% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 28
21% less funds holding
Funds holding: 103 → 81 (-22)
59% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 32
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$92.3M |
| 2 |
MG
Marex Group
London,
|
+$3.33M |
| 3 |
GS
GTS Securities
New York
|
+$3.31M |
| 4 |
Squarepoint
New York
|
+$3.1M |
| 5 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
+$2.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIM
Peregrine Investment Management
Toronto,
Ontario, Canada
|
-$10.1M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
-$8.41M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$8.06M |
| 4 |
OHIF
Oriental Harbor Investment Fund
Hong Kong
|
-$7.29M |
| 5 |
Morgan Stanley
New York
|
-$3.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LFA
101
LifeGuide Financial Advisors
Mechanicsburg,
Pennsylvania
| – | -$208K | -4,958 | Closed |
|
|
DAS
102
Dynamic Advisor Solutions
Phoenix,
Arizona
| – | -$202K | -4,824 | Closed |
|
|
IA
103
IFP Advisors
Tampa,
Florida
| – | -$113K | -2,708 | Closed |
|
|
OWP
104
ORG Wealth Partners
Dallas,
Texas
| – | -$101K | -2,400 | Closed |
|
|
FFA
105
Farther Finance Advisors
San Francisco,
California
| – | -$59.4K | -1,525 | Closed |
|
106
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$11.3K | -270 | Closed |
|
107
Citigroup
New York
| – | -$11K | -263 | Closed |
|
|
LC
108
Lindbrook Capital
Calabasas,
California
| – | -$10.5K | -250 | Closed |
|
|
TAM
109
Tucker Asset Management
Littleton,
Colorado
| – | -$7.71K | -184 | Closed |
|
|
CAS
110
Coppell Advisory Solutions
Coppell,
Texas
| – | -$4.05K | -97 | Closed |
|
|
HI
111
Harbour Investments
Madison,
Wisconsin
| – | -$3.73K | -89 | Closed |
|
112
US Bancorp
Minneapolis,
Minnesota
| – | -$84 | -2 | Closed |
|
113
Fidelity Investments
Boston,
Massachusetts
| – | -$42 | -1 | Closed |
|
TNA Hedge Fund Activity: Q1 2025 in Review
81 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bull 3x ETF (TNA) for Q1 2025, worth a combined $175M — down 3.1% from $180M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of TNA and 13 opened new positions — a net loss of 19 holders — while 28 trimmed existing stakes and 23 added.
The largest buyer was Jane Street, opening a new position worth an estimated $92.3M. The largest seller was Peregrine Investment Management, exiting entirely with an estimated $10.1M sold.
- 81 institutional investors held Direxion Daily Small Cap Bull 3x ETF (TNA) as of Q1 2025, down from 103 in Q4 2024.
- Funds reported $175M of Direxion Daily Small Cap Bull 3x ETF stock for Q1 2025, down 3.1% quarter-over-quarter.
- 13 funds opened new Direxion Daily Small Cap Bull 3x ETF positions in Q1 2025 and 32 closed out, a net change of -19 holders.
- The largest Direxion Daily Small Cap Bull 3x ETF buyer in Q1 2025 was Jane Street, an estimated $92.3M added.
- The largest Direxion Daily Small Cap Bull 3x ETF seller in Q1 2025 was Peregrine Investment Management, an estimated $10.1M sold.
Based on aggregated 13F filings for Q1 2025.