DIREXION SHARES ETF TRUST (TSLL): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy DIREXION SHARES ETF TRUST (TSLL) following the 2026 Q1 hedge fund 13F filings?

As of today, TSLL has moved -2.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -2.6%. Since the quarter end (March 31, 2026), TSLL gained +20.7% vs +14.0% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

DIREXION SHARES ETF TRUST (TSLL)

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

Smart Money Signals — TSLL

Based on 81 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their TSLL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

📊

High ownership — 93% of 3.0Y peak

93% of all-time peak

81 funds currently hold this stock — 93% of the 3.0-year high of 87 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

🚀

Fast accumulation — +56% more funds vs a year ago

fund count last 6Q

+29 new funds entered over the past year (+56% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟡

Slight buying edge — 51% buying

49 buying48 selling

Last quarter: 49 funds bought or added vs 48 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.

⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 48 → 20 → 28 → 22. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔄

Mostly new holders — 49% entered in last year

■ 16% conviction (2yr+) ■ 35% medium ■ 49% new

Only 13 funds (16%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

📊

Peak discovery — momentum slowing

26 → 48 → 20 → 28 → 22 new funds/Q

New funds entering each quarter: 48 → 20 → 28 → 22. TSLL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🌱

Early stage — 58% of holders entered in last year

■ 26% veterans ■ 16% 1-2yr ■ 58% new

Of 93 current holders: 54 (58%) entered in the past year, only 24 (26%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

🏆

Elite ownership — 94% AUM from top-100 funds

94% from top-100 AUM funds

10 of 81 holders are among the 100 largest funds by AUM, controlling 94% of total institutional value in TSLL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.1

out of 10

Moderate Exit Risk

Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	79	81	-2.47%
13F Shares	63M	89M	-29.38%
Total Value	$753M	$1.70B	-55.81%
New Positions	24	22	+2
Increased Positions	27	23	+4
Closed Positions	26	23	+3
Reduced Positions	21	23	-2
Total Calls	5	9	-44.44%
Total Puts	7	9	-22.22%
PUT/CALL Ratio	1.4	1.0	Bearish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

-2.47%

13F Shares

63M

89M

-29.38%

Total Value

$753M

$1.70B

-55.81%

New Positions

Increased Positions

Closed Positions

Reduced Positions

-2

Total Calls

-44.44%

Total Puts

-22.22%

PUT/CALL Ratio

1.4

1.0

Bearish

Institutional Holders (2026 Q1)

79 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 institutional holders of TSLL — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Sloy Dahl & Holst, LLC	3.98%	2,387,379	$29.0M
2	PayPay Securities Corp	1.02%	2,249	$29K
3	Z3 Capital Partners, LLC	0.39%	85,975	$1.6M
4	Genesis Financial Group, LLC	0.31%	40,691	$494K
5	WOODWARD DIVERSIFIED CAPITAL, LLC	0.28%	44,250	$615K
6	WJ Financial Advisors LLC	0.21%	21,200	$258K
7	Family Office Research LLC	0.11%	20,173	$245K
8	TWO SIGMA SECURITIES, LLC	0.10%	69,583	$845K
9	Adams Wealth Management	0.09%	35,000	$425K
10	Forty-three Eighteen Advisors, LLC	0.09%	10,000	$122K
11	Chung Wu Investment Group, LLC	0.08%	8,000	$97K
12	CacheTech Inc.	0.08%	35,000	$425K
13	SBI Securities Co., Ltd.	0.07%	208,766	$2.5M
14	GTS SECURITIES LLC	0.07%	160,516	$2.0M
15	Snowden Capital Advisors LLC	0.07%	204,773	$2.5M
16	Discipline Wealth Solutions, LLC	0.07%	51,189	$622K
17	Formidable Asset Management, LLC	0.05%	17,382	$332K
18	Bernardo Wealth Planning LLC	0.05%	20,979	$255K
19	Aspiring Ventures, LLC	0.05%	13,000	$158K
20	TRUE Private Wealth Advisors	0.05%	41,137	$500K
21	Tactive Advisors, LLC	0.04%	12,600	$153K
22	RENAISSANCE TECHNOLOGIES LLC	0.04%	2,198,300	$26.7M
23	MILESTONE ASSET MANAGEMENT, LLC	0.04%	16,850	$205K
24	Shay Capital LLC	0.03%	34,000	$413K
25	180 WEALTH ADVISORS, LLC	0.03%	23,942	$291K

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 (TSLL)

What does the Smart Money Trend signal show for TSLL?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their TSLL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TSLL?

Slight buying edge — 51% buying: Last quarter: 49 funds bought or added vs 48 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 TSLL holders?

Elite ownership — 94% AUM from top-100 funds: 10 of 81 holders are among the 100 largest funds by AUM, controlling 94% of total institutional value in TSLL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TSLL?

Mostly new holders — 49% entered in last year: Only 13 funds (16%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy DIREXION SHARES ETF TRUST (TSLL) following the 2026 Q1 hedge fund 13F filings?

As of today, TSLL has moved -2.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -2.6%. Since the quarter end (March 31, 2026), TSLL has gained +20.7% vs +14.0% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Market Cap	--
Enterprise Value	--
Trailing P/E	--
Forward P/E	--
PEG Ratio (5yr expected)	--
Price/Sales (ttm)	--
Price/Book (mrq)	--
Enterprise Value/Revenue	--
Enterprise Value/EBITDA	--
Beta (5Y Monthly)	--
Short Ratio (Days to Cover)	--
Short % of Float	--

Profit Margin	--
Return on Assets (ttm)	--
Return on Equity (ttm)	--

Revenue (ttm)	--
Net Income Avi to Common (ttm)	--
Diluted EPS (ttm)	--
Total Cash (mrq)	--
Total Debt/Equity (mrq)	--
Levered Free Cash Flow (ttm)	--

DIREXION SHARES ETF TRUST (TSLL)

Smart Money Signals — TSLL

Selling streak — 1 quarter in a row

High ownership — 93% of 3.0Y peak

Fast accumulation — +56% more funds vs a year ago

Slight buying edge — 51% buying

Fewer new buyers each quarter (-6 vs last Q)

Mostly new holders — 49% entered in last year

Peak discovery — momentum slowing

Early stage — 58% of holders entered in last year

Elite ownership — 94% AUM from top-100 funds

Institutional Sentiment Summary — TSLL

Hedge Fund Ownership: TSLL

Market Analysis: TSLL

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: TSLL

Is It Too Late to Buy DIREXION SHARES ETF TRUST (TSLL) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: TSLL

Statistics: TSLL

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — DIREXION SHARES ETF TRUST (TSLL)

Welcome to 13Foresight!