Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

DIREXION DAILY ENERGY BULL 2X ETF (ERX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
1Q ▲
Buyers last Q
57%

Smart Money Signals — ERX

Based on 36 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added ERX 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 — 90% of 3.0Y peak

90% of all-time peak
36 funds currently hold this stock — 90% of the 3.0-year high of 40 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
3 fewer hedge funds hold ERX compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 57% buying

16 buying12 selling
Last quarter: 16 funds bought or added vs 12 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.
➡️

Steady new buyers — ~4 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 6 → 7 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

69% of holders stayed for 2+ years

■ 69% conviction (2yr+) ■ 17% medium ■ 14% new
25 out of 36 hedge funds have held ERX 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.
📊

Peak discovery — momentum slowing

11 → 7 → 6 → 7 → 4 new funds/Q
New funds entering each quarter: 7 → 6 → 7 → 4. ERX is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 81% of holders stayed 2+ years

■ 81% veterans ■ 5% 1-2yr ■ 14% new
Of 42 current holders: 34 (81%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 86% AUM from top-100 funds

86% from top-100 AUM funds
10 of 36 holders are among the 100 largest funds by AUM, controlling 86% of total institutional value in ERX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — 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 — ERX

In 2025 Q4, 16 hedge funds were net buyers of ERX (4 opened a new position, 12 added to an existing one), while 12 reduced or exited (11 trimmed, 1 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 86% of total institutional value in ERX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 36.

Hedge Fund Ownership: ERX

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

Market Analysis: ERX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ERX

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: ERX
2026 Q1 Stats Unlock in 4 days 41 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 41 39 5.13%
13F Shares 755K 772K -2.19%
Total Value $47M $44M 7.78%
New Positions 4 7 -3
Increased Positions 18 24 -6
Closed Positions 1 12 -11
Reduced Positions 26 19 +7
Total Calls 3 4 -25.0%
Total Puts 3 3 -
PUT/CALL Ratio 1.0 0.75 Neutral

Statistics: ERX

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Valuation Measures Data as of: --

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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

41 + investors

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

QUARTER:
Top 25 institutional holders of ERX — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TWO SIGMA SECURITIES, LLC 0.33% 27,307 $2.8M
2 TRUE Private Wealth Advisors 0.12% 12,150 $1.3M
3 Quadrature Capital Ltd 0.08% 65,280 $6.7M
4 CLEAR WAVE WEALTH MANAGEMENT LLC 0.05% 2,061 $212K
5 Traynor Capital Management, Inc. 0.03% 5,518 $584K
6 Tower Research Capital LLC (TRC) 0.03% 11,292 $1.2M
7 Headlands Technologies LLC 0.03% 2,526 $260K
8 StoneX Group Inc. 0.03% 4,752 $490K
9 SBI Securities Co., Ltd. 0.01% 5,146 $530K
10 TOTH FINANCIAL ADVISORY CORP 0.01% 1,037 $107K
11 GTS SECURITIES LLC 0.01% 2,508 $258K
12 Jump Financial, LLC 0.01% 4,991 $514K
13 Signature Resources Capital Management, LLC 0.01% 132 $14K
14 Atria Investments, Inc 0.01% 5,486 $565K
15 CITADEL ADVISORS LLC 0.00% 259,700 $26.8M
16 Root Financial Partners, LLC 0.00% 407 $42K
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 155,000 $16.0M
18 ENVESTNET ASSET MANAGEMENT INC 0.00% 63,520 $6.5M
19 RENAISSANCE TECHNOLOGIES LLC 0.00% 9,900 $1.0M
20 JANE STREET GROUP, LLC 0.00% 106,492 $11.0M
21 SIMPLEX TRADING, LLC 0.00% 18,409 $1.9M
22 Corient Private Wealth LLC 0.00% 8,475 $873K
23 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 55,300 $5.7M
24 CITADEL ADVISORS LLC 0.00% 37,300 $3.8M
25 UBS Group AG 0.00% 20,012 $2.1M
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 DAILY ENERGY BULL 2X ETF (ERX)

What does the Smart Money Trend signal show for ERX?

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

Slight buying edge — 57% buying: Last quarter: 16 funds bought or added vs 12 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 ERX holders?

Elite ownership — 86% AUM from top-100 funds: 10 of 36 holders are among the 100 largest funds by AUM, controlling 86% of total institutional value in ERX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ERX?

69% of holders stayed for 2+ years: 25 out of 36 hedge funds have held ERX 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.