DIREXION SHS ETF TR

Ticker: TYO CUSIP: 25459W557 Class: 7 10YR TRES BEAR

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (3)

Virtu Financial LLC

Value ($000) $2 (+56.2%) Shares 124,904 (+55.1%)

JANE STREET GROUP, LLC

Value ($000) $754 (+84.1%) Shares 56,827 (+82.7%)

ROYAL BANK OF CANADA

Value ($000) $14 (+55.6%) Shares 1,068 (+65.1%)

Institution	Prev Shares	Curr Shares	Change
Virtu Financial LLC	80,534	124,904	+44,370 (+55.1%)
JANE STREET GROUP, LLC	31,097	56,827	+25,730 (+82.7%)
ROYAL BANK OF CANADA	647	1,068	+421 (+65.1%)

Decreased Positions (5)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $190 (-67.0%) Shares 14,313 (-67.2%)

CITADEL ADVISORS LLC

Value ($000) $329 (-42.8%) Shares 24,815 (-43.2%)

IFP Advisors, Inc

Value ($000) $72 (-10.0%) Shares 5,461 (-10.7%)

Value ($000) $1 (-90.9%) Shares 65 (-91.0%)

Value ($000) $0 (-85.3%) Shares 1 (-92.3%)

Institution	Prev Shares	Curr Shares	Change
SUSQUEHANNA INTERNATIONAL GROUP, LLP	43,653	14,313	-29,340 (-67.2%)
CITADEL ADVISORS LLC	43,691	24,815	-18,876 (-43.2%)
IFP Advisors, Inc	6,117	5,461	-656 (-10.7%)
UBS Group AG	724	65	-659 (-91.0%)
MORGAN STANLEY	13	1	-12 (-92.3%)

Exited Positions (1)

Value ($000) $78 Shares 6,182

Institution	Prev Shares	Prev Value ($000)
BARCLAYS PLC	6,182	$78