Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (NUGT)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
1Q ▼
Buyers last Q
44%

Smart Money Signals — NUGT

Based on 52 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NUGT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
52 funds currently hold this stock — 93% of the 3.0-year high of 56 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +27% more funds vs a year ago

fund count last 6Q
+11 new funds entered over the past year (+27% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 44% buying

29 buying37 selling
Last quarter: 37 funds reduced or exited vs 29 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 — ~15 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 15 → 18 → 15 → 15. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 19% medium ■ 37% new
23 out of 52 hedge funds have held NUGT 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.
➡️

Steady discovery — ~15 new funds/quarter

13 → 15 → 18 → 15 → 15 new funds/Q
New funds entering each quarter: 15 → 18 → 15 → 15. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 53% veterans vs 34% newcomers

■ 53% veterans ■ 12% 1-2yr ■ 34% new
Entry-cohort mix of 58 holders: 31 (53%) are 2+ year veterans, 7 entered 1–2 years ago, and 20 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
8 of 51 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — NUGT

In 2026 Q1, 29 hedge funds were net buyers of NUGT (15 opened a new position, 14 added to an existing one), while 37 reduced or exited (18 trimmed, 19 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. 34% of total institutional value in NUGT is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 52.

Hedge Fund Ownership: NUGT

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

Market Analysis: NUGT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NUGT

-- --

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

Is It Too Late to Buy Direxion Shares ETF Trust (NUGT) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NUGT has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 82d ago
NUGT
-24.9%
SPY
+15.1%

NUGT outperformed SPY by -40.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
NUGT
-26.6%
SPY
+1.3%

Since the filing became public, NUGT outperformed SPY by -27.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: NUGT
52 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 52 56 -7.14%
13F Shares 2M 3M -3.08%
Total Value $455M $462M -1.37%
New Positions 15 15 -
Increased Positions 12 17 -5
Closed Positions 19 10 +9
Reduced Positions 18 11 +7
Total Calls 4 3 33.33%
Total Puts 3 4 -25.0%
PUT/CALL Ratio 0.75 1.33 Neutral

Statistics: NUGT

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Financial Highlights

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Institutional Holders (2026 Q1)

52 + investors

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

QUARTER:
Top 25 NUGT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Gordian Capital Singapore Pte Ltd 1.04% 9,021 $622K
2 Frazier Financial Advisors, LLC 0.42% 4,000 $753K
3 SLT Holdings LLC 0.32% 2,500 $471K
4 Sassicaia Capital Advisers LLC 0.32% 1,500 $282K
5 Two Sigma Securities, LLC 0.21% 9,561 $1.8M
6 Summit Financial, LLC 0.20% 83,000 $15.6M
7 Empirical Asset Management, LLC 0.10% 2,000 $376K
8 Harvest Investment Services, LLC 0.10% 2,797 $527K
9 SBI Securities Co., Ltd. 0.10% 18,559 $3.5M
10 Gts Securities LLC 0.07% 11,050 $2.1M
11 180 Wealth Advisors, LLC 0.06% 2,879 $542K
12 Thurston, Springer, Miller, Herd & Titak, INC. 0.05% 642 $121K
13 Caitlin John, LLC 0.05% 431 $81K
14 Jump Financial, LLC 0.04% 15,296 $2.9M
15 XTX Topco Ltd 0.02% 7,529 $1.4M
16 Harbour Investments, INC. 0.02% 7,308 $1.4M
17 Hrt Financial LP 0.02% 44,048 $8.3M
18 Csenge Advisory Group 0.01% 1,678 $316K
19 PFG Investments, LLC 0.01% 1,500 $282K
20 Susquehanna International Group, LLP 0.01% 609,400 $114.7M
21 NFSG Corp 0.01% 335 $63K
22 Strategic Investment Solutions, Inc. /IL 0.01% 223 $42K
23 Susquehanna International Group, LLP 0.01% 448,400 $84.4M
24 Citadel Advisors LLC 0.01% 283,100 $53.3M
25 Jane Street Group, LLC 0.01% 273,500 $51.5M
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 (NUGT)

What does the Smart Money Trend signal show for NUGT?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NUGT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NUGT?

More sellers than buyers — 44% buying: Last quarter: 37 funds reduced or exited vs 29 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 NUGT holders?

Strong quality — 34% AUM from major funds: 8 of 51 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held NUGT?

44% of holders stayed for 2+ years: 23 out of 52 hedge funds have held NUGT 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.

Is it too late to buy Direxion Shares ETF Trust (NUGT) following the 2026 Q1 hedge fund 13F filings?

As of today, NUGT has moved -26.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of -27.9%. Since the quarter end (March 31, 2026), NUGT has gained -24.9% vs +15.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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