DIREXION SHS ETF TR

Ticker: MSFD CUSIP: 25461A403 Class: DAILY MSFT BR 1X

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (3)

Wakefield Asset Management LLLP

Value ($000) $986 Shares 85,640

Hamilton Wealth, LLC

Value ($000) $138 Shares 12,000

SIMPLEX TRADING, LLC

Value ($000) $7 Shares 635

Institution	Shares	Value ($000)
Wakefield Asset Management LLLP	85,640	$986
Hamilton Wealth, LLC	12,000	$138
SIMPLEX TRADING, LLC	635	$7

Increased Positions (4)

PayPay Securities Corp

Value ($000) $40 (+100.8%) Shares 3,500 (+88.1%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $587 (+90.5%) Shares 50,945 (+78.5%)

CITADEL ADVISORS LLC

Value ($000) $554 (+26.1%) Shares 48,123 (+18.1%)

FLOW TRADERS U.S. LLC

Value ($000) $0 (+40.0%) Shares 15,163 (+30.9%)

Institution	Prev Shares	Curr Shares	Change
PayPay Securities Corp	1,861	3,500	+1,639 (+88.1%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	28,545	50,945	+22,400 (+78.5%)
CITADEL ADVISORS LLC	40,754	48,123	+7,369 (+18.1%)
FLOW TRADERS U.S. LLC	11,585	15,163	+3,578 (+30.9%)

Decreased Positions (2)

IMC-Chicago, LLC

Value ($000) $1,017 (-25.9%) Shares 88,360 (-30.6%)

Optiver Holding B.V.

Value ($000) $293 (-15.3%) Shares 25,428 (-20.7%)

Institution	Prev Shares	Curr Shares	Change
IMC-Chicago, LLC	127,258	88,360	-38,898 (-30.6%)
Optiver Holding B.V.	32,052	25,428	-6,624 (-20.7%)

Exited Positions (4)

GTS SECURITIES LLC

Value ($000) $452 Shares 41,911

CIBC WORLD MARKET INC.

Value ($000) $858 Shares 79,521

Virtu Financial LLC

Value ($000) $0 Shares 27,106

Value ($000) $12 Shares 1,136

Institution	Prev Shares	Prev Value ($000)
GTS SECURITIES LLC	41,911	$452
CIBC WORLD MARKET INC.	79,521	$858
Virtu Financial LLC	27,106	$0
UBS Group AG	1,136	$12