MUD · Direxion Daily MU Bear 1X Shares · Holdings ETF
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Institutional Ownership Trend
Holder Concentration
Across 16 13F filers · Δ vs Mar 31, 2026Who Holds MUD
Last 7 quarters through Jun 30, 2026Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.
Jun 30, 2026: 16 filers, like-for-like change +824.6%; actively managed books +895.5%; index-like books +38.0%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 2.5% | 3 | +94.6% |
| Broker-dealer | 8.6% | 1 | new |
| Non-US | 0.0% | 1 | -69.4% |
| Holding company | 1.2% | 1 | +38.0% |
| Bank | 0.0% | 0 | — |
| Unknown | 87.6% | 10 | +917.3% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Index-like | 1.2% | 1 | +38.0% |
| Systematic-like | 17.4% | 4 | +830.5% |
| Concentrated | 12.3% | 1 | +4263.1% |
| Diversified active | 69.1% | 10 | +789.4% |
| Not measured | 0.0% | 0 | — |
| Unknown | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 3.8% | 5 | +311.9% |
| Medium turnover | 10.9% | 2 | +286.5% |
| High turnover | 85.4% | 9 | +1103.6% |
| Not measured | 0.0% | 0 | — |
| Unknown | 0.0% | 0 | — |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 52.3% | 3 | new |
| Medium horizon | 21.9% | 3 | +925.4% |
| Long horizon | 23.3% | 8 | +167.9% |
| Unknown | 2.5% | 2 | new |
| Not measured | 0.0% | 0 | — |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 0.5% | 1 | new |
| $1B to $10B | 50.0% | 10 | +1257.9% |
| $10B to $100B | 39.6% | 3 | +2968.3% |
| $100B or more | 9.9% | 2 | +69.2% |
| Not measured | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Individuals and high net worth | 2.5% | 3 | new |
| Pooled investment vehicles | 0.0% | 0 | -100.0% |
| Unknown | 97.5% | 13 | +923.6% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 0.0% | 0 | -100.0% |
| No private funds | 2.5% | 3 | new |
| Unknown | 97.5% | 13 | +923.6% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 94.2% | 14 | +795.8% |
| Outside the US | 5.8% | 2 | +1841.2% |
How the mix is measured
Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.
Conviction and Crowding
16 13F filers, quarter ended Jun 30, 2026Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.
Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).
Quarterly Activity
New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.
Top Buyers
vs Mar 31, 2026| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Large Jump Financial, LLC | +168,938 | 208,832 | |
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP | +142,089 | 187,906 | |
| Mega GOLDMAN SACHS GROUP INC | +7,380 | 26,813 | |
| Mid StoneX Group Inc. | +1,657 | 34,651 |
Top Sellers
vs Mar 31, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Mid Tower Research Capital LLC (TRC) | −555 | 108 | |
| Mid SBI Securities Co., Ltd. | −249 | 110 |
Top New Positions
vs Mar 31, 2026| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Large IMC-Chicago, LLC | 824,122 | $8,068,154 | |
| Mid GTS SECURITIES LLC | 266,408 | $2,608,134 | |
| Mid IHT Wealth Management, LLC | 201,300 | $1,970,727 | |
| Mid FLOW TRADERS U.S. LLC | 187,501 | $1,835,634 | |
| Mid XTX Topco Ltd | 125,386 | $1,227,528 |
Top Sold-Out Positions
vs Mar 31, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mega JANE STREET GROUP, LLC | 61,653 | $2,697,935 | |
| Large RENAISSANCE TECHNOLOGIES LLC | 28,059 | $1,227,861 | |
| Mid Optiver Holding B.V. | 6,106 | $267,198 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Large IMC-Chicago, LLC MUD | $8,068,154 | 37.93% | 824,122 | Shares | 2026-08-06 | |
| Mid GTS SECURITIES LLC MUD | $2,608,134 | 12.26% | 266,408 | Shares | 2026-08-14 | |
| Large Jump Financial, LLC MUD | $2,044,465 | 9.61% | 208,832 | Shares | 2026-08-13 | |
| Mid IHT Wealth Management, LLC MUD | $1,970,727 | 9.27% | 201,300 | Shares | 2026-08-14 | |
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP MUD | $1,839,599 | 8.65% | 187,906 | Shares | 2026-08-14 | |
| Mid FLOW TRADERS U.S. LLC Broker-dealer MUD | $1,835,634 | 8.63% | 187,501 | Shares | 2026-08-14 | |
| Mid XTX Topco Ltd MUD | $1,227,528 | 5.77% | 125,386 | Shares | 2026-08-14 | |
| Mid TWO SIGMA SECURITIES, LLC MUD | $421,488 | 1.98% | 43,053 | Shares | 2026-08-14 | |
| Mid StoneX Group Inc. MUD | $339,233 | 1.59% | 34,651 | Shares | 2026-08-12 | |
| Mega GOLDMAN SACHS GROUP INC Holding company MUD | $262,499 | 1.23% | 26,813 | Shares | 2026-08-14 | |
| Large Corient Private Wealth LLC Registered adviser MUD | $244,750 | 1.15% | 25,000 | Shares | 2026-08-27 | |
| Mid W.G. Shaheen & Associates DBA Whitney & Co Registered adviser MUD | $187,968 | 0.88% | 19,200 | Shares | 2026-07-28 | |
| Large HRT FINANCIAL LP MUD | $115,678 | 0.54% | 11,816 | Shares | 2026-08-14 | |
| Small Rock Point Advisors, LLC Registered adviser MUD | $101,816 | 0.48% | 10,400 | Shares | 2026-08-06 | |
| Mid SBI Securities Co., Ltd. Non-US MUD | $1,076 | 0.01% | 110 | Shares | 2026-07-23 | |
| Mid Tower Research Capital LLC (TRC) MUD | $1,057 | 0.00% | 108 | Shares | 2026-08-11 |