Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (DFEN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
1Q ▲
Buyers last Q
49%

Smart Money Signals — DFEN

Based on 34 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added DFEN 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.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
34 funds currently hold this stock — 94% of the 3.0-year high of 36 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 6% fewer funds vs a year ago

fund count last 6Q
2 fewer hedge funds hold DFEN compared to a year ago (-6% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 49% buying

19 buying20 selling
Last quarter: 20 funds reduced or exited vs 19 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 7 → 8 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 26% medium ■ 26% new
16 out of 34 hedge funds have held DFEN 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.
💰

Price up while funds trimmed (+15% value, -12% shares)

Value
+15%
Shares
-11%
Last quarter: total value of institutional DFEN holdings rose +15% even though funds reduced share count by 12%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈

Growing discovery — still being found

11 → 7 → 7 → 8 → 11 new funds/Q
New funds entering each quarter: 7 → 7 → 8 → 11. A growing number of institutions are discovering DFEN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 62% veterans vs 30% newcomers

■ 62% veterans ■ 8% 1-2yr ■ 30% new
Entry-cohort mix of 40 holders: 25 (62%) are 2+ year veterans, 3 entered 1–2 years ago, and 12 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 13% AUM from top-100

13% from top-100 AUM funds
8 of 34 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — DFEN

In 2026 Q2, 19 hedge funds were net buyers of DFEN (11 opened a new position, 8 added to an existing one), while 20 reduced or exited (11 trimmed, 9 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 34.

Hedge Fund Ownership: DFEN

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

Market Analysis: DFEN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DFEN

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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.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: DFEN
34 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 34 32 6.25%
13F Shares 815K 922K -11.6%
Total Value $64M $56M 15.0%
New Positions 11 8 +3
Increased Positions 5 10 -5
Closed Positions 9 8 +1
Reduced Positions 11 11 -
Total Calls 3 4 -25.0%
Total Puts 3 3 -
PUT/CALL Ratio 1.0 0.75 Neutral

Statistics: DFEN

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Institutional Holders (2026 Q2)

34 + investors

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

QUARTER:
Top 25 DFEN holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Traynor Capital Management, Inc. 1.22% 332,905 $26.6M
2 TRUE Private Wealth Advisors 0.06% 9,153 $731K
3 Darwin Wealth Management, LLC 0.06% 2,634 $211K
4 Tidemark, LLC 0.04% 1,994 $159K
5 Tower Research Capital LLC (TRC) 0.03% 13,915 $1.1M
6 Consultiva Wealth Management, CORP. 0.03% 150 $12K
7 Gts Securities LLC 0.02% 10,923 $873K
8 Two Sigma Securities, LLC 0.02% 2,652 $212K
9 Burney Co/ 0.01% 6,668 $533K
10 Axxcess Wealth Management, LLC 0.00% 2,635 $211K
11 SBI Securities Co., Ltd. 0.00% 1,772 $142K
12 NorthRock Partners, LLC 0.00% 2,526 $202K
13 Spire Wealth Management 0.00% 513 $41K
14 Hrt Financial LP 0.00% 7,163 $572K
15 EP Wealth Advisors, LLC 0.00% 2,027 $162K
16 Susquehanna International Group, LLP 0.00% 80,800 $6.5M
17 Susquehanna International Group, LLP 0.00% 73,100 $5.8M
18 Citadel Advisors LLC 0.00% 47,900 $3.8M
19 Atlantic Union Bankshares Corp 0.00% 234 $19K
20 Citadel Advisors LLC 0.00% 30,900 $2.5M
21 Citadel Advisors LLC 0.00% 29,633 $2.4M
22 Jane Street Group, LLC 0.00% 34,200 $2.7M
23 Susquehanna International Group, LLP 0.00% 36,211 $2.9M
24 Goldman Sachs Group Inc 0.00% 28,683 $2.3M
25 Jane Street Group, LLC 0.00% 18,060 $1.4M
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 (DFEN)

What does the Smart Money Trend signal show for DFEN?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added DFEN 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 DFEN?

More sellers than buyers — 49% buying: Last quarter: 20 funds reduced or exited vs 19 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for DFEN holders?

Smaller funds dominant — 13% AUM from top-100: 8 of 34 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DFEN?

47% of holders stayed for 2+ years: 16 out of 34 hedge funds have held DFEN 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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