JDST β€” DIREXION SHS ETF TR

Ownership history in Headlands Technologies LLC  Β·  5 quarters on record

This page tracks every 13F SEC filing in which Headlands Technologies LLC reported a position in DIREXION SHS ETF TR (JDST). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.11% (2025 Q3)
πŸ“Š Avg. % of fund
0.03%
πŸ“… First filed
2023 Q1
πŸ“… Last filed
2025 Q4
⏱ Quarters held
5

Position Intelligence

Headlands Technologies LLC Γ— JDST AI Analytics

πŸ“‰ Headlands Technologies LLC underperformed the S&P 500 by –203.6% annually on this JDST position. Timing score: 25% (1/4 decisions correct). Average cost basis: $147.15. Maximum drawdown during holding period: –95.0%.

πŸ“ˆ Position Alpha vs SPY
-203.6%
annualised excess return

❌ Significantly underperformed the S&P 500 by 203.6% ann.
4 quarters analyzed

⏱️ Timing Score
25%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
1 of 4 add/trim decisions correct

πŸ’° Entry Quality
$147.15
-64.3% vs current ($52.60)

Best entry: $85.22 (2025 Q3)  Β·  Worst: $1055.62 (2023 Q1)

πŸ›‘οΈ Drawdown Resilience
–95.0%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
60%
buy-side decisions

3 adds Β· 2 trims. Bought during 2 of 4 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.01% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    JDST price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 5 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 47,313 -278,549 -85.5% 0.01% $124K $52.60
2025 Q3 ADDED 325,862 +302,501 +1294.9% 0.11% $1.4M $85.22
2024 Q1 ADDED 23,361 +23,306 +42374.5% 0.03% $115K $907.76
2023 Q4 REDUCED 55 -1,053 -95.0% 0.00% $303 $1000.81
2023 Q1 INITIATED 1,108 β€” β€” 0.00% $7K $1055.62

🏒 Other funds also holding JDST

As of 2025 Q4 β€” sorted by position size

RAFFLES ASSOCIATES LP 3Y 7Y 0.84% TWO SIGMA SECURITIES, LLC 3Y 7Y 0.28% Scientech Research LLC 0.21% Virtu Financial LLC 3Y 7Y 0.05% Jump Financial, LLC 3Y 0.01% XTX Topco Ltd 3Y 0.01% StoneX Group Inc. 3Y 7Y 0.0% GTS SECURITIES LLC 0.0% HRT FINANCIAL LP 3Y 7Y 0.0% Traynor Capital Management, Inc. 3Y 7Y 0.0%
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