LABD β€” DIREXION SHS ETF TR

Ownership history in Qube Research & Technologies Ltd  Β·  15 quarters on record

This page tracks every 13F SEC filing in which Qube Research & Technologies Ltd reported a position in DIREXION SHS ETF TR (LABD). 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.

Position Intelligence

Qube Research & Technologies Ltd Γ— LABD AI Analytics

πŸ“‰ Qube Research & Technologies Ltd underperformed the S&P 500 by –50.3% annually on this LABD position. Timing score: 54% (7/13 decisions correct). Average cost basis: $36.90. Maximum drawdown during holding period: –93.9%.

πŸ“ˆ Position Alpha vs SPY
-50.3%
annualised excess return

❌ Significantly underperformed the S&P 500 by 50.3% ann.
14 quarters analyzed

⏱️ Timing Score
54%

➑️ Neutral timing β€” roughly coin-flip accuracy on add/trim calls.
7 of 13 add/trim decisions correct

πŸ’° Entry Quality
$36.90
-42.9% vs current ($21.06)

Best entry: $21.06 (2025 Q4)  Β·  Worst: $192.91 (2021 Q1)

πŸ›‘οΈ Drawdown Resilience
–93.9%
max drawdown while held

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

πŸ’ͺ Fund Conviction
50%
buy-side decisions

7 adds Β· 7 trims. Bought during 4 of 7 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 0.0% 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)    LABD price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 ADDED 62,838 +38,528 +158.5% 0.00% $1.3M $21.06
2025 Q3 ADDED 24,310 +23,924 +6197.9% 0.00% $983K $39.96
2024 Q4 REDUCED 386 -50 -11.5% 0.00% $3K $70.35
2024 Q3 REDUCED 436 -868 -66.6% 0.00% $3K $55.66
2024 Q2 ADDED 1,304 +923 +242.3% 0.00% $10K $69.16
2024 Q1 UNCHANGED 381 β€” 0% 0.00% $3K $67.93
2023 Q4 REDUCED 381 -34 -8.2% 0.00% $4K $89.54
2023 Q3 REDUCED 415 -1,211 -74.5% 0.00% $9K $189.04
2023 Q2 ADDED 1,626 +1,466 +916.2% 0.00% $50K $130.51
2022 Q2 REDUCED 160 -382 -70.5% 0.00% $6K $345.53
5 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history
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