Direxion Daily 20+ Year Treasury Bull 3X Shares

TMF • ARCA

Direxion Daily 20+ Year Treasury Bull 3X Shares is an exchange-traded fund on ARCA. As of Q3 2025, 53 institutional investors hold shares in this ETF, with total holdings valued at $106.5M. SBI Securities Co., Ltd. is the largest holder with a position valued at $25.3M.

Overview

Overview of institutional ownership in TMF as of Q3 2025

All Institutions

Institutions: 53
Value Held: $106.5M
Shares Held: 2.7M
Avg Position: $2.0M
Median Position: $419.1K

Hedge Funds

Hedge Funds: 2
Value Held: $3.2M
Shares Held: 79.4K
Avg Position: $1.6M
Median Position: $1.6M

Biggest Investors

Institutions with the largest positions in TMF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
S SBI Securities Co., Ltd. Institution	-	$25.3M 0.66% of portfolio	629.2K shares	Q4 2024 Held for 11 months	$3.9B
P PPSC Investment Service Corp Institution	-	$9.7M 0.77% of portfolio	242.1K shares	Q3 2024 Held for 1y 2m	$1.3B
S SIMPLEX TRADING, LLC Institution	-	$7.5M 0.18% of portfolio	185.5K shares	Q4 2021 Held for 3y 11m	$4.1B
UBS Group AG Institution	Sergio P. Ermotti CEO	$7.0M 0.00% of portfolio	173.3K shares	Q4 2014 Held for 10y 11m	$511.54B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$6.7M 0.00% of portfolio	167.1K shares	Q3 2013 Held for 12y 2m	$1.65T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$6.5M 0.00% of portfolio	161.0K shares	Q1 2021 Held for 4y 8m	$1.56T
CITIGROUP INC Institution	Jane Fraser CEO	$6.1M 0.00% of portfolio	151.8K shares	Q1 2021 Held for 4y 8m	$144.32B
S SG Americas Securities, LLC Institution	-	$4.2M 0.02% of portfolio	103.4K shares	Q3 2022 Held for 3y 2m	$25.5B
HOLLENCREST SECURITIES LLC RIA/Wealth	Gregory Paul Pellizzon CEO	$3.0M 0.11% of portfolio	73.6K shares	Q4 2023 Held for 1y 11m	$2.7B
PING CAPITAL MANAGEMENT, INC. Hedge Fund•Multi-Strategy	Ping Jiang CEO	$2.8M 1.67% of portfolio	69.0K shares	Q1 2025 Held for 8 months	$166.1M

Net Capital Flow

Institutional buying and selling activity for TMF in Q3 2025

Traded: −$40.2M
Buyers: 27
Sellers: 33
Total Bought: +$24.5M
Total Sold: −$64.7M
Avg Position: $1.5M

Biggest Buyers

Institution	Net Bought	Current Position
JPMORGAN CHASE & CO Institution	+$3.5M +87.0K shares	$6.5M 161.0K shares
PING CAPITAL MANAGEMENT, INC. Hedge Fund•Multi-Strategy	+$2.8M +69.0K shares	$2.8M 69.0K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$2.3M +57.9K shares	$2.3M 57.9K shares
W WOLVERINE TRADING, LLC Institution	+$2.3M +55.6K shares	$2.3M 55.6K shares
Capital Investment Counsel, Inc RIA/Wealth	+$2.2M +55.2K shares	$2.2M 55.2K shares
H HRT FINANCIAL LLC Institution	+$1.8M +45.6K shares	$2.3M 57.8K shares
X XTX Topco Ltd Institution	+$1.7M +43.4K shares	$2.2M 53.7K shares
P PPSC Investment Service Corp Institution	+$1.5M +37.3K shares	$9.7M 242.1K shares
MORGAN STANLEY RIA/Wealth	+$1.5M +36.3K shares	$6.7M 167.1K shares
S SIH Partners, LLLP Institution	+$1.0M +25.0K shares	$1.0M 25.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
J Jump Financial, LLC Institution	−$18.9M −482.1K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$10.1M −250.5K shares	$2.1M 51.4K shares
G GTS SECURITIES LLC Institution	−$5.7M −146.5K shares	Sold Off 0 shares
V Virtu Financial LLC Institution	−$5.3M −130.9K shares	$2.6M 63.5K shares
IHT Wealth Management, LLC RIA/Wealth	−$3.7M −95.4K shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$3.7M −94.5K shares	Sold Off 0 shares
NORTHERN TRUST CORP Institution	−$3.1M −80.0K shares	Sold Off 0 shares
Marshall Wace LLP Institution	−$2.8M −71.0K shares	Sold Off 0 shares
BARCLAYS PLC Institution	−$2.1M −54.4K shares	Sold Off 0 shares
O Optiver Holding B.V. Institution	−$2.1M −51.1K shares	$258.4K 6.4K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited TMF in Q3 2025

New Positions: 5
New Value: $3.4M
Exited Positions: 19
Exited Value: $44.4M

New Positions

Institution	Position Value
S SIH Partners, LLLP Institution	$1.0M 25.0K shares
J. Safra Sarasin Holding AG Fund of Funds	$965.0K 24.0K shares
S SURIENCE PRIVATE WEALTH LLC RIA/Wealth	$888.1K 22.1K shares
G Ground Swell Capital, LLC Hedge Fund•Multi-Strategy	$419.1K 10.4K shares
P Pilgrim Partners Asia Pte Ltd Institution	$144.6K 3.6K shares

Exited Positions

Institution	Previous Position
J Jump Financial, LLC Institution	$18.9M 482.1K shares
G GTS SECURITIES LLC Institution	$5.7M 146.5K shares
IHT Wealth Management, LLC RIA/Wealth	$3.7M 95.4K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$3.7M 94.5K shares
NORTHERN TRUST CORP Institution	$3.1M 80.0K shares
Marshall Wace LLP Institution	$2.8M 71.0K shares
BARCLAYS PLC Institution	$2.1M 54.4K shares
R ROYAL BANK OF CANADA Institution	$882.8K 22.5K shares
B Belvedere Trading LLC Institution	$872.4K 22.2K shares
Scientech Research LLC Hedge Fund•Market Neutral	$711.6K 18.1K shares

Options Activity

Institutions with the largest Call and Put options positions in TMF as of Q3 2025

Call Positions: 7
Call Value: $252.9M
Put Positions: 6
Put Value: $290.7M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$103.4M 25.7K contracts
J JANE STREET GROUP, LLC Institution	$85.5M 21.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$42.8M 10.7K contracts
W WOLVERINE TRADING, LLC Institution	$19.2M 4.7K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$2.0M 509.0 contracts
B Belvedere Trading LLC Institution	- - contracts
S Shengqi Capital Ltd Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$163.2M 40.6K contracts
J JANE STREET GROUP, LLC Institution	$106.9M 26.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.8M 2.7K contracts
W WOLVERINE TRADING, LLC Institution	$8.9M 2.2K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$936.2K 233.0 contracts
B Belvedere Trading LLC Institution	- - contracts

Most Committed Institutions

Institutions with TMF as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
PING CAPITAL MANAGEMENT, INC. Hedge Fund•Multi-Strategy	Ping Jiang CEO	1.67% $2.8M	69.0K shares	Q1 2025 Held for 8 months	$166.1M
G Ground Swell Capital, LLC Hedge Fund•Multi-Strategy	Joey Howard Foxhall Member	0.92% $419.1K	10.4K shares	Q3 2025 Held for 2 months	$45.8M
S SURIENCE PRIVATE WEALTH LLC RIA/Wealth	Armand Alexander Doucette President	0.84% $888.1K	22.1K shares	Q3 2025 Held for 2 months	$105.6M
P PPSC Investment Service Corp Institution	-	0.77% $9.7M	242.1K shares	Q3 2024 Held for 1y 2m	$1.3B
PMV Capital Advisers, LLC RIA/Wealth	Daniel Ray Snover President	0.66% $338.0K	8.4K shares	Q4 2024 Held for 11 months	$51.5M
S SBI Securities Co., Ltd. Institution	-	0.66% $25.3M	629.2K shares	Q4 2024 Held for 11 months	$3.9B
LifeGuide Financial Advisors, LLC RIA/Wealth	David Isaac Lutz Managing Partner	0.36% $967.3K	24.5K shares	Q4 2021 Held for 3y 11m	$268.2M
P PayPay Securities Corp Institution	-	0.34% $9.6K	238.0 shares	Q4 2022 Held for 2y 11m	$2.8M
Capital Investment Counsel, Inc RIA/Wealth	William Harold Eddins President	0.27% $2.2M	55.2K shares	Q3 2023 Held for 2y 2m	$820.9M
S SIMPLEX TRADING, LLC Institution	-	0.18% $7.5M	185.5K shares	Q4 2021 Held for 3y 11m	$4.1B