Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (TSLL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
2Q ▼
Buyers last Q
53%

Smart Money Signals — TSLL

Based on 80 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their TSLL 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 — 92% of 3.0Y peak

92% of all-time peak
80 funds currently hold this stock — 92% of the 3.0-year high of 87 funds (reached 2025 Q1). 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
7 fewer hedge funds hold TSLL 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 — 53% buying

55 buying49 selling
Last quarter: 55 funds bought or added vs 49 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 — ~25 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 20 → 28 → 22 → 25. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 45% entered in last year

■ 16% conviction (2yr+) ■ 39% medium ■ 45% new
Only 13 funds (16%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares -29%, value -56%

Value
-55%
Shares
-29%
Last quarter: funds added -29% more shares while total portfolio value only changed -56%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~25 new funds/quarter

48 → 20 → 28 → 22 → 25 new funds/Q
New funds entering each quarter: 20 → 28 → 22 → 25. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 25% veterans, 54% new entrants

■ 25% veterans ■ 21% 1-2yr ■ 54% new
Of 89 current holders: 22 (25%) held 2+ years, 19 held 1–2 years, 48 (54%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 54% AUM from top-100 funds

54% from top-100 AUM funds
10 of 77 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in TSLL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — TSLL

In 2026 Q1, 55 hedge funds were net buyers of TSLL (25 opened a new position, 30 added to an existing one), while 49 reduced or exited (23 trimmed, 26 sold completely) — a 53% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 54% of total institutional value in TSLL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 80.

Hedge Fund Ownership: TSLL

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

Market Analysis: TSLL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TSLL

-- --

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

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

Signal Freshness measures how much TSLL 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 · 85d ago
TSLL
-2.7%
SPY
+14.9%

TSLL outperformed SPY by -17.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
TSLL
-21.5%
SPY
+1.1%

Since the filing became public, TSLL outperformed SPY by -22.6% .

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.

4 top-rated funds 1 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: TSLL
79 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 79 81 -2.47%
13F Shares 63M 89M -29.38%
Total Value $753M $1.70B -55.81%
New Positions 24 22 +2
Increased Positions 27 23 +4
Closed Positions 26 23 +3
Reduced Positions 21 23 -2
Total Calls 5 9 -44.44%
Total Puts 7 9 -22.22%
PUT/CALL Ratio 1.4 1.0 Bearish

Statistics: TSLL

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

79 + investors

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

QUARTER:
Top 25 TSLL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sloy Dahl & Holst, LLC 3.98% 2,387,379 $29.0M
2 PayPay Securities Corp 1.02% 2,249 $29K
3 Dakota Community Bank & Trust NA 0.96% 23,297 $283K
4 Z3 Capital Partners, LLC 0.39% 85,975 $1.6M
5 Genesis Financial Group, LLC 0.31% 40,691 $494K
6 Woodward Diversified Capital, LLC 0.28% 44,250 $615K
7 WJ Financial Advisors LLC 0.21% 21,200 $258K
8 Family Office Research LLC 0.11% 20,173 $245K
9 Two Sigma Securities, LLC 0.10% 69,583 $845K
10 Adams Wealth Management 0.09% 35,000 $425K
11 Forty-three Eighteen Advisors, LLC 0.09% 10,000 $122K
12 Chung Wu Investment Group, LLC 0.08% 8,000 $97K
13 CacheTech Inc. 0.08% 35,000 $425K
14 SBI Securities Co., Ltd. 0.07% 208,766 $2.5M
15 Gts Securities LLC 0.07% 160,516 $2.0M
16 Snowden Capital Advisors LLC 0.07% 204,773 $2.5M
17 Discipline Wealth Solutions, LLC 0.07% 51,189 $622K
18 Formidable Asset Management, LLC 0.05% 17,382 $332K
19 Bernardo Wealth Planning LLC 0.05% 20,979 $255K
20 Aspiring Ventures, LLC 0.05% 13,000 $158K
21 TRUE Private Wealth Advisors 0.05% 41,137 $500K
22 Tactive Advisors, LLC 0.04% 12,600 $153K
23 Renaissance Technologies LLC 0.04% 2,198,300 $26.7M
24 Milestone Asset Management, LLC 0.04% 16,850 $205K
25 Shay Capital LLC 0.03% 34,000 $413K
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 (TSLL)

What does the Smart Money Trend signal show for TSLL?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their TSLL 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 TSLL?

Slight buying edge — 53% buying: Last quarter: 55 funds bought or added vs 49 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 TSLL holders?

Elite ownership — 54% AUM from top-100 funds: 10 of 77 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in TSLL. 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 TSLL?

Mostly new holders — 45% entered in last year: Only 13 funds (16%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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

As of today, TSLL has moved -21.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -22.6%. Since the quarter end (March 31, 2026), TSLL has gained -2.7% vs +14.9% 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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