Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (ERX)

36 + Investors. Track Smart Money conviction in ERX. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
56%

Smart Money Signals — ERX

Based on 36 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
📊

High ownership — 90% of 3.0Y peak

90% of all-time peak
36 funds currently hold this stock — 90% of the 3.0-year high of 40 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding ERX is almost the same as a year ago (-1 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 56% buying

24 buying19 selling
Last quarter: 24 funds bought or added vs 19 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new ERX position: 6 → 7 → 4 → 12. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 22% medium ■ 11% new
24 out of 36 hedge funds have held ERX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +111% but shares only +27% — price-driven

Value
+110%
Shares
+27%
Last quarter: the total dollar value of institutional holdings rose +111%, but actual share count only changed +27%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

7 → 6 → 7 → 4 → 12 new funds/Q
New funds entering each quarter: 6 → 7 → 4 → 12. A growing number of institutions are discovering ERX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 86% veterans vs 9% newcomers

■ 86% veterans ■ 5% 1-2yr ■ 9% new
Entry-cohort mix of 43 holders: 37 (86%) are 2+ year veterans, 2 entered 1–2 years ago, and 4 (9%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
9 of 35 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ERX

In 2026 Q1, 24 hedge funds were net buyers of ERX (12 opened a new position, 12 added to an existing one), while 19 reduced or exited (7 trimmed, 12 sold completely) — a 56% buyer ratio, indicating a slight buying edge. 28% of total institutional value in ERX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 36.

Hedge Fund Ownership: ERX

How many hedge funds hold ERX — quarterly history vs. share price
Quarterly hedge fund ownership of ERX vs. share price

Market Analysis: ERX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ERX

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: ERX
36 + Investors

Track Smart Money conviction in ERX. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 36 36 -
13F Shares 1M 961K 39.65%
Total Value $102M $99M 3.1%
New Positions 11 12 -1
Increased Positions 10 12 -2
Closed Positions 11 12 -1
Reduced Positions 9 4 +5
Total Calls 4 4 -
Total Puts 4 4 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: ERX

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Institutional Holders (2026 Q2)

36 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ERX. Verified SEC 13F-HR filings.

QUARTER:
Top 25 ERX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 J. M. Brown & Associates Inc. 0.72% 16,533 $1.3M
2 Two Sigma Securities, LLC 0.13% 19,076 $1.5M
3 TRUE Private Wealth Advisors 0.07% 10,312 $786K
4 Tower Research Capital LLC (TRC) 0.04% 23,538 $1.8M
5 Gts Securities LLC 0.02% 13,288 $1.0M
6 AlTi Global, Inc. 0.02% 12,925 $985K
7 Traynor Capital Management, Inc. 0.01% 2,947 $225K
8 Toth Financial Advisory Corp 0.01% 1,037 $79K
9 Signature Resources Capital Management, LLC 0.00% 132 $10K
10 Atria Investments, Inc 0.00% 3,713 $283K
11 SBI Securities Co., Ltd. 0.00% 1,054 $80K
12 Renaissance Technologies LLC 0.00% 17,300 $1.3M
13 Citadel Advisors LLC 0.00% 201,503 $15.4M
14 Squarepoint Ops LLC 0.00% 20,714 $1.6M
15 Citadel Advisors LLC 0.00% 196,100 $14.9M
16 Citadel Advisors LLC 0.00% 161,200 $12.3M
17 Hrt Financial LP 0.00% 6,345 $483K
18 Jane Street Group, LLC 0.00% 107,200 $8.2M
19 Susquehanna International Group, LLP 0.00% 111,900 $8.5M
20 Envestnet Asset Management Inc 0.00% 33,147 $2.5M
21 Susquehanna International Group, LLP 0.00% 99,993 $7.6M
22 Qube Research & Technologies Ltd 0.00% 7,603 $579K
23 Susquehanna International Group, LLP 0.00% 88,700 $6.8M
24 Jane Street Group, LLC 0.00% 65,700 $5.0M
25 Marshall Wace, LLP 0.00% 6,900 $526K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Direxion Shares ETF Trust (ERX)

What does the Smart Money Trend signal show for ERX?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for ERX?

Slight buying edge — 56% buying: Last quarter: 24 funds bought or added vs 19 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ERX holders?

Strong quality — 28% AUM from major funds: 9 of 35 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held ERX?

67% of holders stayed for 2+ years: 24 out of 36 hedge funds have held ERX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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