DIREXION SHARES ETF TRUST (NUGT): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

DIREXION SHARES ETF TRUST (NUGT)

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

Smart Money Signals — NUGT

Based on 54 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added NUGT 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.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

54 hedge funds hold NUGT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +38% more funds vs a year ago

fund count last 6Q

+15 new funds entered over the past year (+38% 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 buyers than sellers — 61% buying

33 buying21 selling

Last quarter: 33 funds were net buyers (15 opened a brand new position + 18 added to an existing one). Only 21 were sellers (11 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~15 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 12 → 15 → 18 → 15. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 11% medium ■ 35% new

29 out of 54 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.

💰

Value +20% but shares only +1% — price-driven

Value

+19%

+0%

Last quarter: the total dollar value of institutional holdings rose +20%, but actual share count only changed +1%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

📈

Growing discovery — still being found

7 → 12 → 15 → 18 → 15 new funds/Q

New funds entering each quarter: 12 → 15 → 18 → 15. A growing number of institutions are discovering NUGT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 61% of holders stayed 2+ years

■ 61% veterans ■ 8% 1-2yr ■ 31% new

Of 59 current holders: 36 (61%) 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.

📋

Smaller funds dominant — 1% AUM from top-100

1% from top-100 AUM funds

6 of 54 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

4.4

out of 10

Moderate Exit Risk

Exit risk score 4.4/10 — 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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	59	54	9.26%
13F Shares	2M	2M	0.6%
Total Value	$458M	$382M	19.68%
New Positions	15	18	-3
Increased Positions	26	23	+3
Closed Positions	10	15	-5
Reduced Positions	16	20	-4
Total Calls	3	3	-
Total Puts	4	4	-
PUT/CALL Ratio	1.33	1.33	Bearish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

9.26%

13F Shares

0.6%

Total Value

$458M

$382M

19.68%

New Positions

-3

Increased Positions

Closed Positions

-5

Reduced Positions

-4

Total Calls

Total Puts

PUT/CALL Ratio

1.33

Bearish

Institutional Holders (2026 Q1)

59 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 13 institutional holders of NUGT — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	SLT Holdings LLC	0.32%	2,500	$471K
2	MOULTON WEALTH MANAGEMENT, INC	0.20%	6,089	$290K
3	SBI Securities Co., Ltd.	0.10%	18,559	$3.5M
4	180 WEALTH ADVISORS, LLC	0.06%	2,879	$542K
5	THURSTON, SPRINGER, MILLER, HERD & TITAK, INC.	0.05%	642	$121K
6	Csenge Advisory Group	0.01%	1,678	$316K
7	PFG Investments, LLC	0.01%	1,500	$282K
8	Strategic Investment Solutions, Inc. /IL	0.01%	223	$42K
9	Composition Wealth, LLC	0.00%	1,700	$320K
10	North Star Investment Management Corp.	0.00%	202	$38K
11	Ascentis Independent Advisors	0.00%	30	$6K
12	Farther Finance Advisors, LLC	0.00%	135	$28K
13	Blue Trust, Inc.	0.00%	8	$2K

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?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added NUGT 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 NUGT?

More buyers than sellers — 61% buying: Last quarter: 33 funds were net buyers (15 opened a brand new position + 18 added to an existing one). Only 21 were sellers (11 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NUGT holders?

Smaller funds dominant — 1% AUM from top-100: 6 of 54 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held NUGT?

54% of holders stayed for 2+ years: 29 out of 54 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.

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.

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DIREXION SHARES ETF TRUST (NUGT)

Smart Money Signals — NUGT

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +38% more funds vs a year ago

More buyers than sellers — 61% buying

Steady new buyers — ~15 new funds per quarter

54% of holders stayed for 2+ years

Value +20% but shares only +1% — price-driven

Growing discovery — still being found

Deep conviction — 61% of holders stayed 2+ years

Smaller funds dominant — 1% AUM from top-100

Hedge Fund Ownership: NUGT

Market Analysis: NUGT

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: NUGT

Hedge Fund Positioning: NUGT

Statistics: NUGT

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — DIREXION SHARES ETF TRUST (NUGT)

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