DIREXION SHS ETF TR

Ticker: TSLS CUSIP: 25460G260 Class: DLY TSLA BEAR 1X

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (6)

Cresset Asset Management, LLC

Value ($000) $1,272 Shares 250,806

RENAISSANCE TECHNOLOGIES LLC

Value ($000) $2,156 Shares 425,200

XTX Topco Ltd

Value ($000) $129 Shares 25,493

UBS Group AG

Value ($000) $7 Shares 1,400

SIMPLEX TRADING, LLC

Value ($000) $0 Shares 89

TORONTO DOMINION BANK

Value ($000) $0 Shares 29

Institution	Shares	Value ($000)
Cresset Asset Management, LLC	250,806	$1,272
RENAISSANCE TECHNOLOGIES LLC	425,200	$2,156
XTX Topco Ltd	25,493	$129
UBS Group AG	1,400	$7
SIMPLEX TRADING, LLC	89	$0
TORONTO DOMINION BANK	29	$0

Increased Positions (5)

PayPay Securities Corp

Value ($000) $77 (+91.9%) Shares 15,254 (+103.6%)

Headlands Technologies LLC

Value ($000) $2,443 (+1153.2%) Shares 481,884 (+1229.8%)

RIDGECREST WEALTH PARTNERS, LLC

Value ($000) $200 (+55.1%) Shares 39,485 (+64.6%)

Optiver Holding B.V.

Value ($000) $6,600 (+7999.0%) Shares 1,301,764 (+8494.2%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $2,014 (+564.8%) Shares 397,296 (+605.4%)

Institution	Prev Shares	Curr Shares	Change
PayPay Securities Corp	7,492	15,254	+7,762 (+103.6%)
Headlands Technologies LLC	36,238	481,884	+445,646 (+1229.8%)
RIDGECREST WEALTH PARTNERS, LLC	23,985	39,485	+15,500 (+64.6%)
Optiver Holding B.V.	15,147	1,301,764	+1,286,617 (+8494.2%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	56,319	397,296	+340,977 (+605.4%)

Decreased Positions (10)

OLD MISSION CAPITAL LLC

Value ($000) $534 (-79.0%) Shares 105,323 (-77.7%)

Virtu Financial LLC

Value ($000) $0 (-72.7%) Shares 93,651 (-71.0%)

TWO SIGMA SECURITIES, LLC

Value ($000) $393 (-18.3%) Shares 77,470 (-13.3%)

FLOW TRADERS U.S. LLC

Value ($000) $0 (-72.1%) Shares 47,803 (-70.3%)

JANE STREET GROUP, LLC

Value ($000) $1,390 (-31.1%) Shares 274,169 (-26.9%)

GROUP ONE TRADING, L.P.

Value ($000) $22 (-82.1%) Shares 4,427 (-81.0%)

Private Advisor Group, LLC

Value ($000) $91 (-32.1%) Shares 18,000 (-28.0%)

SBI Securities Co., Ltd.

Value ($000) $66 (-19.7%) Shares 13,004 (-14.8%)

Journey Advisory Group, LLC

Value ($000) $106 (-8.1%) Shares 20,940 (-2.5%)

HRT FINANCIAL LP

Value ($000) $0 (-75.7%) Shares 16,271 (-74.1%)

Institution	Prev Shares	Curr Shares	Change
OLD MISSION CAPITAL LLC	471,741	105,323	-366,418 (-77.7%)
Virtu Financial LLC	323,178	93,651	-229,527 (-71.0%)
TWO SIGMA SECURITIES, LLC	89,339	77,470	-11,869 (-13.3%)
FLOW TRADERS U.S. LLC	161,084	47,803	-113,281 (-70.3%)
JANE STREET GROUP, LLC	375,008	274,169	-100,839 (-26.9%)
GROUP ONE TRADING, L.P.	23,360	4,427	-18,933 (-81.0%)
Private Advisor Group, LLC	25,000	18,000	-7,000 (-28.0%)
SBI Securities Co., Ltd.	15,255	13,004	-2,251 (-14.8%)
Journey Advisory Group, LLC	21,470	20,940	-530 (-2.5%)
HRT FINANCIAL LP	62,855	16,271	-46,584 (-74.1%)

Exited Positions (6)

Advisory Services Network, LLC

Value ($000) $456 Shares 84,672

IMC-Chicago, LLC

Value ($000) $3,330 Shares 618,911

GTS SECURITIES LLC

Value ($000) $121 Shares 22,481

CIBC WORLD MARKET INC.

Value ($000) $585 Shares 108,644

Tower Research Capital LLC (TRC)

Value ($000) $127 Shares 23,694

Jump Financial, LLC

Value ($000) $66 Shares 12,245

Institution	Prev Shares	Prev Value ($000)
Advisory Services Network, LLC	84,672	$456
IMC-Chicago, LLC	618,911	$3,330
GTS SECURITIES LLC	22,481	$121
CIBC WORLD MARKET INC.	108,644	$585
Tower Research Capital LLC (TRC)	23,694	$127
Jump Financial, LLC	12,245	$66