Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (NUGT)

45 + 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
↓ -7
Streak
2Q ▼
Buyers last Q
37%

Smart Money Signals — NUGT

Based on 46 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, 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 — 82% of 3.0Y peak

82% of all-time peak
46 funds currently hold this stock — 82% 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding NUGT is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🔴

Heavy selling pressure — only 37% buying

22 buying38 selling
Last quarter: 38 funds sold vs only 22 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~12 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 18 → 15 → 16 → 12. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 24% medium ■ 26% new
23 out of 46 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.
💎

Buying through price weakness — shares -5%, value -42%

Value
-41%
Shares
-4%
Last quarter: funds added -5% more shares while total portfolio value only changed -42%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

15 → 18 → 15 → 16 → 12 new funds/Q
New funds entering each quarter: 18 → 15 → 16 → 12. NUGT is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 67% veterans vs 25% newcomers

■ 67% veterans ■ 8% 1-2yr ■ 25% new
Entry-cohort mix of 52 holders: 35 (67%) are 2+ year veterans, 4 entered 1–2 years ago, and 13 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 31% AUM from major funds

31% from top-100 AUM funds
8 of 46 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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 — NUGT

In 2026 Q2, 22 hedge funds were net buyers of NUGT (12 opened a new position, 10 added to an existing one), while 38 reduced or exited (19 trimmed, 19 sold completely) — a 37% buyer ratio, indicating net institutional distribution. Net selling has persisted for two consecutive quarters. 31% of total institutional value in NUGT is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 46.

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.

Loading signal freshness…
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
0.4
/ 10
conviction
Hedge Fund Positioning: NUGT
45 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 45 53 -15.09%
13F Shares 2M 2M -4.73%
Total Value $264M $455M -41.95%
New Positions 11 16 -5
Increased Positions 8 12 -4
Closed Positions 19 19 -
Reduced Positions 19 18 +1
Total Calls 3 4 -25.0%
Total Puts 3 3 -
PUT/CALL Ratio 1.0 0.75 Neutral

Statistics: NUGT

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Institutional Holders (2026 Q2)

45 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Capstone Capital Management Ltd 1.08% 20,573 $2.4M
2 SLT Holdings LLC 0.16% 2,250 $263K
3 Headlands Technologies LLC 0.14% 10,958 $1.3M
4 Quadrature Capital Ltd 0.13% 132,040 $15.4M
5 Jump Financial, LLC 0.11% 132,570 $8.2M
6 Summit Financial, LLC 0.11% 83,000 $9.7M
7 Thurston, Springer, Miller, Herd & Titak, INC. 0.07% 1,670 $195K
8 Harvest Investment Services, LLC 0.05% 2,761 $323K
9 SBI Securities Co., Ltd. 0.04% 14,293 $1.7M
10 180 Wealth Advisors, LLC 0.04% 3,011 $352K
11 StoneX Group Inc. 0.03% 4,398 $651K
12 Caitlin John, LLC 0.02% 309 $36K
13 Paladin Partners, LLC 0.01% 150 $18K
14 Harbour Investments, INC. 0.01% 7,345 $859K
15 Bullseye Investment Management, LLC 0.01% 150 $18K
16 Hrt Financial LP 0.01% 34,722 $4.1M
17 Renaissance Technologies LLC 0.01% 42,444 $5.0M
18 Strategic Investment Solutions, Inc. /IL 0.01% 223 $26K
19 NFSG Corp 0.00% 335 $39K
20 Susquehanna International Group, LLP 0.00% 443,300 $51.9M
21 Susquehanna International Group, LLP 0.00% 404,800 $47.4M
22 Foundations Investment Advisors, LLC 0.00% 2,250 $263K
23 Citadel Advisors LLC 0.00% 174,300 $20.4M
24 Citadel Advisors LLC 0.00% 149,500 $17.5M
25 Citadel Advisors LLC 0.00% 149,417 $17.5M
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 — 2 quarters in a row: For 2 consecutive quarters, 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?

Heavy selling pressure — only 37% buying: Last quarter: 38 funds sold vs only 22 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for NUGT holders?

Strong quality — 31% AUM from major funds: 8 of 46 holders rank in the top 100 by AUM, accounting for 31% 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?

50% of holders stayed for 2+ years: 23 out of 46 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.

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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