Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (JNUG)

29 + Investors. Track Smart Money conviction in JNUG. 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
45%

Smart Money Signals — JNUG

Based on 31 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 JNUG 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 — 86% of 3.0Y peak

86% of all-time peak
31 funds currently hold this stock — 86% of the 3.0-year high of 36 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding JNUG is almost the same as a year ago (-1 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 45% buying

17 buying21 selling
Last quarter: 21 funds reduced or exited vs 17 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.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new JNUG position: 10 → 7 → 5 → 11. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 23% medium ■ 26% new
16 out of 31 hedge funds have held JNUG 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.
💎

Buying through price weakness — shares +16%, value -30%

Value
-30%
Shares
+16%
Last quarter: funds added +16% more shares while total portfolio value only changed -30%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~11 new funds/quarter

7 → 10 → 7 → 5 → 11 new funds/Q
New funds entering each quarter: 10 → 7 → 5 → 11. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 73% veterans vs 22% newcomers

■ 73% veterans ■ 5% 1-2yr ■ 22% new
Entry-cohort mix of 37 holders: 27 (73%) are 2+ year veterans, 2 entered 1–2 years ago, and 8 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 11% AUM from top-100

11% from top-100 AUM funds
5 of 29 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 — JNUG

In 2026 Q2, 17 hedge funds were net buyers of JNUG (11 opened a new position, 6 added to an existing one), while 21 reduced or exited (12 trimmed, 9 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 31.

Hedge Fund Ownership: JNUG

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

Market Analysis: JNUG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: JNUG

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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.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: JNUG
2026 Q3 Stats Unlock in 44 days 29 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 29 29 -
13F Shares 1M 1M 16.33%
Total Value $154M $220M -30.04%
New Positions 11 5 +6
Increased Positions 5 8 -3
Closed Positions 9 9 -
Reduced Positions 9 10 -1
Total Calls 4 5 -20.0%
Total Puts 4 3 33.33%
PUT/CALL Ratio 1.0 0.6 Neutral

Statistics: JNUG

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Financial Highlights

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Institutional Holders (2026 Q2)

29 + investors

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

QUARTER:
Top 25 JNUG holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Entrewealth, LLC 0.08% 1,426 $206K
2 Quadrature Capital Ltd 0.06% 57,812 $7.0M
3 Rachor Investment Advisory Services, LLC 0.04% 665 $80K
4 Headlands Technologies LLC 0.03% 2,210 $267K
5 Two Sigma Securities, LLC 0.02% 2,091 $252K
6 Visionary Wealth Advisors 0.02% 4,458 $538K
7 SBI Securities Co., Ltd. 0.01% 5,124 $619K
8 Citadel Advisors LLC 0.00% 303,700 $36.7M
9 Renaissance Technologies LLC 0.00% 23,900 $2.9M
10 Susquehanna International Group, LLP 0.00% 351,400 $42.4M
11 Jane Street Group, LLC 0.00% 221,600 $26.8M
12 Markowski Investments 0.00% 50 $6K
13 Susquehanna International Group, LLP 0.00% 130,200 $15.7M
14 Walleye Trading LLC 0.00% 6,800 $821K
15 Citadel Advisors LLC 0.00% 48,900 $5.9M
16 Jane Street Group, LLC 0.00% 63,300 $7.6M
17 Hrt Financial LP 0.00% 2,347 $283K
18 Federation des caisses Desjardins du Quebec 0.00% 1,300 $157K
19 SWAN Capital LLC 0.00% 10 $1K
20 Lanark Financial, INC. 0.00% 40 $5K
21 Hollencrest Capital Management 0.00% 40 $5K
22 Walleye Trading LLC 0.00% 1,700 $205K
23 Susquehanna International Group, LLP 0.00% 24,678 $3.0M
24 Qube Research & Technologies Ltd 0.00% 1,294 $156K
25 IMC-Chicago, LLC 0.00% 3,700 $447K
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 (JNUG)

What does the Smart Money Trend signal show for JNUG?

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

More sellers than buyers — 45% buying: Last quarter: 21 funds reduced or exited vs 17 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 JNUG holders?

Smaller funds dominant — 11% AUM from top-100: 5 of 29 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held JNUG?

52% of holders stayed for 2+ years: 16 out of 31 hedge funds have held JNUG 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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