Direxion Daily Small Cap Bull 3x ETF
84 hedge funds and large institutions have $90.8M invested in Direxion Daily Small Cap Bull 3x ETF in 2025 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 20 increasing their positions, 30 reducing their positions, and 30 closing their positions.
15% more call options, than puts
Call options by funds: $299M | Put options by funds: $260M
3.74% less ownership
Funds ownership: 9.01% → 5.28% (-3.7%)
18% less funds holding
Funds holding: 102 → 84 (-18)
33% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 30
43% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 30
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
57% less capital invested
Capital invested by funds: $209M → $90.8M (-$118M)
Top Buyers
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
+$22.2M |
| 2 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$7.13M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$3.6M |
| 4 |
Group One Trading
Chicago,
Illinois
|
+$2.69M |
| 5 |
JP Morgan Chase
New York
|
+$2.43M |
Top Sellers
| 1 |
Jane Street
New York
|
-$83.8M |
| 2 |
SCM
Sollinda Capital Management
Miami,
Florida
|
-$19.8M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$9.14M |
| 4 |
EWM
Elevatus Welath Management
Victor,
New York
|
-$8.97M |
| 5 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$5.82M |
TNA Hedge Fund Activity: Q4 2025 in Review
84 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bull 3x ETF (TNA) for Q4 2025, worth a combined $90.8M — down 57% from $209M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of TNA and 17 opened new positions — a net loss of 13 holders — while 30 trimmed existing stakes and 20 added.
The largest buyer was Quadrature Capital, opening a new position worth an estimated $22.2M. The largest seller was Jane Street, exiting entirely with an estimated $83.8M sold.
- 84 institutional investors held Direxion Daily Small Cap Bull 3x ETF (TNA) as of Q4 2025, down from 102 in Q3 2025.
- Funds reported $90.8M of Direxion Daily Small Cap Bull 3x ETF stock for Q4 2025, down 57% quarter-over-quarter.
- 17 funds opened new Direxion Daily Small Cap Bull 3x ETF positions in Q4 2025 and 30 closed out, a net change of -13 holders.
- The largest Direxion Daily Small Cap Bull 3x ETF buyer in Q4 2025 was Quadrature Capital, an estimated $22.2M added.
- The largest Direxion Daily Small Cap Bull 3x ETF seller in Q4 2025 was Jane Street, an estimated $83.8M sold.
Based on aggregated 13F filings for Q4 2025.