Direxion Daily Small Cap Bear 3x ETF
36 hedge funds and large institutions have $39.4M invested in Direxion Daily Small Cap Bear 3x ETF in 2026 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
57% more call options, than puts
Call options by funds: $18.3M | Put options by funds: $11.7M
36% more capital invested
Capital invested by funds: $29M → $39.4M (+$10.4M)
20% more funds holding
Funds holding: 30 → 36 (+6)
0.28% more ownership
Funds ownership: 0.99% → 1.27% (+0.28%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$4.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$3.26M |
| 3 |
Jane Street
New York
|
+$2.91M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$2.84M |
| 5 |
CL
Choreo LLC
Rockford,
Illinois
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JF
Jump Financial
Chicago,
Illinois
|
-$5.31M |
| 2 |
VF
Virtu Financial
New York
|
-$4.01M |
| 3 |
TSS
Two Sigma Securities
New York
|
-$2.09M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$1.53M |
| 5 |
GS
GTS Securities
New York
|
-$269K |
TZA Hedge Fund Activity: Q1 2026 in Review
36 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q1 2026, worth a combined $39.4M — up 36% from $29M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new TZA positions and 6 closed out — a net gain of 7 holders — while 11 added to existing stakes and 6 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $4.8M. The largest seller was Jump Financial, cutting an estimated $5.31M.
- 36 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q1 2026, up from 30 in Q4 2025.
- Funds reported $39.4M of Direxion Daily Small Cap Bear 3x ETF stock for Q1 2026, up 36% quarter-over-quarter.
- 13 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q1 2026 and 6 closed out, a net change of +7 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q1 2026 was Citadel Advisors, an estimated $4.8M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q1 2026 was Jump Financial, an estimated $5.31M sold.
Based on aggregated 13F filings for Q1 2026.