Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (TMF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
1Q ▲
Buyers last Q
62%

Smart Money Signals — TMF

Based on 54 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added TMF than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 79% of 3.0Y peak

79% of all-time peak
54 funds currently hold this stock — 79% of the 3.0-year high of 68 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 19% fewer funds vs a year ago

fund count last 6Q
13 fewer hedge funds hold TMF compared to a year ago (-19% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢

More buyers than sellers — 62% buying

35 buying21 selling
Last quarter: 35 funds were net buyers (16 opened a brand new position + 19 added to an existing one). Only 21 were sellers (13 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~16 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 12 → 9 → 11 → 16. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 39% long-term, 26% new

■ 39% conviction (2yr+) ■ 35% medium ■ 26% new
Of the 54 current holders: 21 (39%) held >2 years, 19 held 1–2 years, and 14 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
📈

Growing discovery — still being found

16 → 12 → 9 → 11 → 16 new funds/Q
New funds entering each quarter: 12 → 9 → 11 → 16. A growing number of institutions are discovering TMF each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 50% veterans vs 27% newcomers

■ 50% veterans ■ 23% 1-2yr ■ 27% new
Entry-cohort mix of 60 holders: 30 (50%) are 2+ year veterans, 14 entered 1–2 years ago, and 16 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
12 of 53 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.6
out of 10
Low Exit Risk
Exit risk score 2.6/10 — 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 — TMF

In 2026 Q2, 35 hedge funds were net buyers of TMF (16 opened a new position, 19 added to an existing one), while 21 reduced or exited (13 trimmed, 8 sold completely) — a 62% buyer ratio, indicating clear institutional accumulation. 34% of total institutional value in TMF is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 54.

Hedge Fund Ownership: TMF

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

Market Analysis: TMF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TMF

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: TMF
53 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 53 46 15.22%
13F Shares 14M 18M -19.73%
Total Value $498M $631M -21.05%
New Positions 16 11 +5
Increased Positions 17 12 +5
Closed Positions 8 15 -7
Reduced Positions 12 16 -4
Total Calls 3 3 -
Total Puts 4 4 -
PUT/CALL Ratio 1.33 1.33 Bearish

Statistics: TMF

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

53 + investors

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

QUARTER:
Top 25 TMF holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PPSC Investment Service Corp 0.75% 334,812 $11.9M
2 PMV Capital Advisers, LLC 0.64% 12,041 $428K
3 SBI Securities Co., Ltd. 0.35% 431,942 $15.4M
4 Ping Capital Management, INC. 0.25% 28,000 $995K
5 Capital Investment Counsel, Inc 0.22% 57,730 $2.1M
6 PayPay Securities Corp 0.22% 251 $9K
7 Hollencrest Capital Management 0.15% 65,202 $2.3M
8 Quadrature Capital Ltd 0.13% 428,845 $15.2M
9 Jump Financial, LLC 0.13% 223,798 $9.8M
10 Encompass More Asset Management 0.09% 16,950 $603K
11 Ssa Swiss Advisors AG 0.05% 2,930 $106K
12 Marex Group Ltd 0.03% 214,234 $7.6M
13 XTX Topco Ltd 0.02% 46,522 $1.7M
14 IMG Wealth Management, Inc. 0.01% 613 $22K
15 Citadel Advisors LLC 0.01% 2,407,500 $85.6M
16 DV Trading LLC 0.01% 7,436 $264K
17 Simplex Trading, LLC 0.01% 369,781 $13.1M
18 Simplicity Wealth,LLC 0.01% 6,088 $216K
19 Bank of Montreal /Can/ 0.01% 563,650 $20.0M
20 Bank of Montreal /Can/ 0.01% 563,600 $20.0M
21 Group One Trading LLC 0.01% 131,190 $4.7M
22 Citadel Advisors LLC 0.01% 1,530,900 $54.4M
23 Susquehanna International Group, LLP 0.01% 2,135,600 $75.9M
24 Fiduciary Financial Advisors 0.00% 1,129 $40K
25 Walleye Trading LLC 0.00% 96,013 $3.4M
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 (TMF)

What does the Smart Money Trend signal show for TMF?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added TMF than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TMF?

More buyers than sellers — 62% buying: Last quarter: 35 funds were net buyers (16 opened a brand new position + 19 added to an existing one). Only 21 were sellers (13 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TMF holders?

Strong quality — 34% AUM from major funds: 12 of 53 holders rank in the top 100 by AUM, accounting for 34% 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 TMF?

Mixed — 39% long-term, 26% new: Of the 54 current holders: 21 (39%) held >2 years, 19 held 1–2 years, and 14 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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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