Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (TZA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
2Q ▲
Buyers last Q
59%

Smart Money Signals — TZA

Based on 47 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added TZA 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.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
47 hedge funds hold TZA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +18% more funds vs a year ago

fund count last 6Q
+7 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

33 buying23 selling
Last quarter: 33 funds bought or added vs 23 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 (+10 vs last Q)

new funds entering per quarter
Funds opening a new TZA position: 11 → 8 → 12 → 22. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 21% medium ■ 32% new
22 out of 47 hedge funds have held TZA 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.
💎

Buying through price weakness — shares +4%, value -38%

Value
-38%
Shares
+3%
Last quarter: funds added +4% more shares while total portfolio value only changed -38%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

12 → 11 → 8 → 12 → 22 new funds/Q
New funds entering each quarter: 11 → 8 → 12 → 22. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 67% veterans vs 27% newcomers

■ 67% veterans ■ 6% 1-2yr ■ 27% new
Entry-cohort mix of 52 holders: 35 (67%) are 2+ year veterans, 3 entered 1–2 years ago, and 14 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
7 of 46 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — TZA

In 2026 Q2, 33 hedge funds were net buyers of TZA (22 opened a new position, 11 added to an existing one), while 23 reduced or exited (11 trimmed, 12 sold completely) — a 59% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 23% of total institutional value in TZA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 47.

Hedge Fund Ownership: TZA

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

Market Analysis: TZA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TZA

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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.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: TZA
46 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 46 37 24.32%
13F Shares 10M 10M 3.69%
Total Value $40M $65M -38.32%
New Positions 22 12 +10
Increased Positions 10 13 -3
Closed Positions 12 10 +2
Reduced Positions 9 5 +4
Total Calls 3 3 -
Total Puts 3 4 -25.0%
PUT/CALL Ratio 1.0 1.33 Neutral

Statistics: TZA

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Institutional Holders (2026 Q2)

46 + investors

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

QUARTER:
Top 25 TZA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Timothy G. Youngquist 2020 Irrevocable Trust 1.29% 234,637 $1.8M
2 BRC Group Holdings, Inc. 0.44% 500,000 $1.9M
3 Raffles Associates LP 0.26% 75,000 $284K
4 Headlands Technologies LLC 0.09% 226,716 $859K
5 Significant Wealth Partners LLC 0.07% 16,976 $64K
6 Bourgeon Capital Management LLC 0.03% 52,000 $197K
7 Choreo, LLC 0.01% 324,419 $1.2M
8 IPG Investment Advisors LLC 0.01% 15,000 $57K
9 StoneX Group Inc. 0.01% 53,000 $201K
10 Global Trust Asset Management, LLC 0.01% 5,000 $19K
11 Carrera Capital Advisors 0.01% 10,117 $38K
12 EverSource Wealth Advisors, LLC 0.00% 19,998 $76K
13 SBI Securities Co., Ltd. 0.00% 24,522 $93K
14 Pinnacle Holdings, LLC 0.00% 1,695 $6K
15 Tower Research Capital LLC (TRC) 0.00% 18,801 $71K
16 Squarepoint Ops LLC 0.00% 356,503 $1.4M
17 XTX Topco Ltd 0.00% 27,828 $105K
18 J. Safra Sarasin Holding AG 0.00% 24,638 $93K
19 Integrated Wealth Concepts LLC 0.00% 52,894 $200K
20 Citadel Advisors LLC 0.00% 1,906,200 $7.2M
21 Ashton Thomas Private Wealth, LLC 0.00% 9,628 $36K
22 Belvedere Trading LLC 0.00% 150,167 $569K
23 City State Bank 0.00% 500 $2K
24 Susquehanna International Group, LLP 0.00% 1,395,800 $5.3M
25 Group One Trading LLC 0.00% 76,103 $288K
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 (TZA)

What does the Smart Money Trend signal show for TZA?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added TZA 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 TZA?

Slight buying edge — 59% buying: Last quarter: 33 funds bought or added vs 23 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 TZA holders?

Strong quality — 23% AUM from major funds: 7 of 46 holders rank in the top 100 by AUM, accounting for 23% 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 TZA?

47% of holders stayed for 2+ years: 22 out of 47 hedge funds have held TZA 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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