CITADEL ADVISORS LLC quarter change: USA ETF, Sold out
In exchange-traded fund shares (known by the fund name on the filing) (listed in the US), from the quarter ended 2025-12-31 to 2026-03-31, CITADEL ADVISORS LLC opened 789 positions, added to 418, reduced 392, sold out of 512 and left 2 unchanged. The largest increase in value was IVV (+$2,601,617,767); the largest decrease was SPY (-$1,248,171,779).
- DIREXION SHS ETF TR: Country of operation United States; Class DLY SCOND 3XBU; Shares 2025-12-31 3,040,955; Shares 2026-03-31 0.
- SMH: Country of operation United States; Class SEMICONDUCTR ETF; Shares 2025-12-31 159,063; Shares 2026-03-31 0.
- VOO: Country of operation United States; Class S&P 500 ETF SHS; Shares 2025-12-31 86,892; Shares 2026-03-31 0.
- EMXC: Country of operation United States; Class MSCI EMRG CHN; Shares 2025-12-31 721,330; Shares 2026-03-31 0.
Two Form 13F-HR filings compared (SEC CIK 1423053): 2025-12-31 (filed 2026-02-17) and 2026-03-31 (filed 2026-05-15). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.
| Stock | Country of operation | Class | Shares 2025-12-31 | Shares 2026-03-31 | Share change | Value 2025-12-31 | Value 2026-03-31 | Value change |
|---|---|---|---|---|---|---|---|---|
| DIREXION SHS ETF TR CUSIP 25459W458 | United States | DLY SCOND 3XBU | 3,040,955 | 0 | -3,040,955 | $127,811,339 | $0 | -$127,811,339 |
| SMH VANECK ETF TRUST | United States | SEMICONDUCTR ETF | 159,063 | 0 | -159,063 | $57,283,358 | $0 | -$57,283,358 |
| VOO VANGUARD INDEX FDS | United States | S&P 500 ETF SHS | 86,892 | 0 | -86,892 | $54,492,580 | $0 | -$54,492,580 |
| EMXC ISHARES INC | United States | MSCI EMRG CHN | 721,330 | 0 | -721,330 | $52,426,264 | $0 | -$52,426,264 |
| FNDF SCHWAB STRATEGIC TR | United States | FUNDAMENTAL INTL | 1,009,015 | 0 | -1,009,015 | $45,617,568 | $0 | -$45,617,568 |
| RSP INVESCO EXCHANGE TRADED FD T | United States | S&P500 EQL WGT | 229,742 | 0 | -229,742 | $44,009,378 | $0 | -$44,009,378 |
| SOXX ISHARES TR | United States | ISHARES SEMICDTR | 125,205 | 0 | -125,205 | $37,705,486 | $0 | -$37,705,486 |
| IJR ISHARES TR | United States | CORE S&P SCP ETF | 313,403 | 0 | -313,403 | $37,664,773 | $0 | -$37,664,773 |
| SPEM SPDR INDEX SHS FDS | United States | PORTFOLIO EMG MK | 804,351 | 0 | -804,351 | $37,651,670 | $0 | -$37,651,670 |
| ESGD ISHARES TR | United States | ESG AW MSCI EAFE | 383,018 | 0 | -383,018 | $36,421,182 | $0 | -$36,421,182 |
| LQD ISHARES TR | United States | IBOXX INV CP ETF | 300,093 | 0 | -300,093 | $33,067,248 | $0 | -$33,067,248 |
| FEZ SPDR INDEX SHS FDS | United States | EURO STOXX 50 | 406,738 | 0 | -406,738 | $26,189,860 | $0 | -$26,189,860 |
| XRT SPDR SERIES TRUST | United States | STATE STREET SPD | 298,704 | 0 | -298,704 | $25,476,464 | $0 | -$25,476,464 |
| VTI VANGUARD INDEX FDS | United States | TOTAL STK MKT | 73,384 | 0 | -73,384 | $24,603,454 | $0 | -$24,603,454 |
| SQQQ PROSHARES TR | United States | ULTRAPRO SHORT | 319,015 | 0 | -319,015 | $21,852,528 | $0 | -$21,852,528 |
| WCMI FIRST TR EXCHANGE-TRADED FD | United States | WCM INTL EQUITY | 1,195,909 | 0 | -1,195,909 | $20,342,412 | $0 | -$20,342,412 |
| ISHARES INC CUSIP 46434G863 | United States | ESG AWR MSCI EM | 418,881 | 0 | -418,881 | $18,501,974 | $0 | -$18,501,974 |
| STIP ISHARES TR | United States | 0-5 YR TIPS ETF | 177,273 | 0 | -177,273 | $18,150,982 | $0 | -$18,150,982 |
| IWB ISHARES TR | United States | RUS 1000 ETF | 48,395 | 0 | -48,395 | $18,072,629 | $0 | -$18,072,629 |
| GOLDMAN SACHS ETF TR CUSIP 381430180 | United States | MARKETBETA INTL | 214,259 | 0 | -214,259 | $14,853,034 | $0 | -$14,853,034 |
| MAGS LISTED FDS TR | United States | ROUNDHILL MAGNIF | 209,781 | 0 | -209,781 | $13,837,155 | $0 | -$13,837,155 |
| EWP ISHARES INC | United States | MSCI SPAIN ETF | 254,089 | 0 | -254,089 | $13,697,938 | $0 | -$13,697,938 |
| SSGA ACTIVE ETF TR CUSIP 78467V707 | — | STATE STREET ULT | 324,768 | 0 | -324,768 | $13,154,728 | $0 | -$13,154,728 |
| SPAB SPDR SERIES TRUST | United States | STATE STREET SPD | 490,966 | 0 | -490,966 | $12,642,375 | $0 | -$12,642,375 |
| IGF US ISHARES TR | United States | GLB INFRASTR ETF | 204,099 | 0 | -204,099 | $12,523,515 | $0 | -$12,523,515 |
| DIREXION SHS ETF TR CUSIP 25460E869 | — | DLY S&P500 BR 1X | 1,191,504 | 0 | -1,191,504 | $11,235,883 | $0 | -$11,235,883 |
| XLC SELECT SECTOR SPDR TR | United States | STATE STREET COM | 89,727 | 0 | -89,727 | $10,562,662 | $0 | -$10,562,662 |
| SHY ISHARES TR | United States | 1 3 YR TREAS BD | 126,168 | 0 | -126,168 | $10,449,234 | $0 | -$10,449,234 |
| TAN INVESCO EXCH TRADED FD TR II | United States | SOLAR ETF | 201,829 | 0 | -201,829 | $9,913,840 | $0 | -$9,913,840 |
| BITB BITWISE BITCOIN ETF TR | United States | SHS BEN INT | 197,084 | 0 | -197,084 | $9,373,315 | $0 | -$9,373,315 |
| INDA ISHARES TR | United States | MSCI INDIA ETF | 171,716 | 0 | -171,716 | $9,281,250 | $0 | -$9,281,250 |
| PROSHARES TR CUSIP 74349Y837 | — | SHORT QQQ | 306,489 | 0 | -306,489 | $9,255,968 | $0 | -$9,255,968 |
| DBEF DBX ETF TR | United States | XTRACK MSCI EAFE | 190,994 | 0 | -190,994 | $9,188,721 | $0 | -$9,188,721 |
| PROFESIONALLY MANAGED PORTFO CUSIP 74316P579 | — | AKRE FOCUS ETF | 134,368 | 0 | -134,368 | $8,802,448 | $0 | -$8,802,448 |
| DIMENSIONAL ETF TRUST CUSIP 25434V658 | — | GLOBAL REAL EST | 325,095 | 0 | -325,095 | $8,589,010 | $0 | -$8,589,010 |
| MINT PIMCO ETF TR | United States | ENHAN SHRT MA AC | 82,768 | 0 | -82,768 | $8,304,941 | $0 | -$8,304,941 |
| EZA ISHARES INC | United States | MSCI STH AFR ETF | 118,603 | 0 | -118,603 | $8,159,886 | $0 | -$8,159,886 |
| BBCA J P MORGAN EXCHANGE TRADED F | United States | BETABUILDERS CDA | 87,474 | 0 | -87,474 | $8,135,082 | $0 | -$8,135,082 |
| BKLN INVESCO EXCH TRADED FD TR II | United States | SR LN ETF | 357,021 | 0 | -357,021 | $7,497,441 | $0 | -$7,497,441 |
| VCR VANGUARD WORLD FD | United States | CONSUM DIS ETF | 18,538 | 0 | -18,538 | $7,302,489 | $0 | -$7,302,489 |
| DIREXION SHS ETF TR CUSIP 25459Y165 | — | DLY S&P500 2XS | 37,589 | 0 | -37,589 | $6,920,135 | $0 | -$6,920,135 |
| OEF ISHARES TR | United States | S&P 100 ETF | 20,021 | 0 | -20,021 | $6,866,602 | $0 | -$6,866,602 |
| ARKB ARK 21SHARES BITCOIN ETF | United States | SHS BEN INT | 234,169 | 0 | -234,169 | $6,800,268 | $0 | -$6,800,268 |
| EDIV SPDR INDEX SHS FDS | United States | S&P EM MKT DIV | 171,617 | 0 | -171,617 | $6,718,806 | $0 | -$6,718,806 |
| LMBS FIRST TR EXCHANGE-TRADED FD | United States | FST LOW OPPT EFT | 133,802 | 0 | -133,802 | $6,688,762 | $0 | -$6,688,762 |
| PIMCO ETF TR CUSIP 72201R882 | — | 25YR+ ZERO U S | 102,663 | 0 | -102,663 | $6,596,098 | $0 | -$6,596,098 |
| ISHARES TR CUSIP 464287291 | — | GLOBAL TECH ETF | 59,521 | 0 | -59,521 | $6,249,705 | $0 | -$6,249,705 |
| XSD SPDR SERIES TRUST | United States | STATE STREET SPD | 18,700 | 0 | -18,700 | $6,013,920 | $0 | -$6,013,920 |
| NEOS ETF TRUST CUSIP 78433H675 | — | NASDAQ 100 HIGH | 111,105 | 0 | -111,105 | $5,984,115 | $0 | -$5,984,115 |
| DIREXION SHS ETF TR CUSIP 25490K281 | — | DLY EMG MK BL 3X | 109,269 | 0 | -109,269 | $5,961,717 | $0 | -$5,961,717 |
| SPDR INDEX SHS FDS CUSIP 78463X418 | — | MSCI WRLD STRGIC | 41,068 | 0 | -41,068 | $5,883,028 | $0 | -$5,883,028 |
| PROSHARES TR CUSIP 74349Y829 | — | ULTRASHORT QQQ | 287,312 | 0 | -287,312 | $5,803,702 | $0 | -$5,803,702 |
| GBTC GRAYSCALE BITCOIN TRUST ETF | United States | SHS REP COM UT | 83,822 | 0 | -83,822 | $5,730,072 | $0 | -$5,730,072 |
| SPXL DIREXION SHS ETF TR | United States | DRX S&P500BULL | 25,566 | 0 | -25,566 | $5,640,115 | $0 | -$5,640,115 |
| DIMENSIONAL ETF TRUST CUSIP 25434V690 | — | INTERNATIONAL | 131,333 | 0 | -131,333 | $5,626,962 | $0 | -$5,626,962 |
| WISDOMTREE TR CUSIP 97717W422 | — | INDIA ERNGS FD | 120,616 | 0 | -120,616 | $5,583,315 | $0 | -$5,583,315 |
| BBEU J P MORGAN EXCHANGE TRADED F | United States | BETABUILDERS EUR | 72,868 | 0 | -72,868 | $5,341,224 | $0 | -$5,341,224 |
| FIDELITY COVINGTON TRUST CUSIP 316092840 | United States | HIGH DIVID ETF | 91,923 | 0 | -91,923 | $5,211,115 | $0 | -$5,211,115 |
| DIREXION SHS ETF TR CUSIP 25461A858 | — | DIREXION 2X SHAR | 145,112 | 0 | -145,112 | $5,071,664 | $0 | -$5,071,664 |
| WISDOMTREE TR CUSIP 97717X719 | — | CHINADIV EX FI | 122,448 | 0 | -122,448 | $4,911,389 | $0 | -$4,911,389 |
| DIREXION SHS ETF TR CUSIP 25460G138 | United States | DAILY 20+ YEAR T | 130,280 | 0 | -130,280 | $4,862,050 | $0 | -$4,862,050 |
| AVRE AMERICAN CENTY ETF TR | United States | REAL ESTATE ETF | 109,769 | 0 | -109,769 | $4,778,245 | $0 | -$4,778,245 |
| DIREXION SHS ETF TR CUSIP 25461A544 | — | DAILY TSM BULL | 95,238 | 0 | -95,238 | $4,702,852 | $0 | -$4,702,852 |
| DGRW WISDOMTREE TR | United States | US QTLY DIV GRT | 50,011 | 0 | -50,011 | $4,472,484 | $0 | -$4,472,484 |
| ISHARES TR CUSIP 46435G268 | — | RUSEL 2500 ETF | 57,901 | 0 | -57,901 | $4,339,101 | $0 | -$4,339,101 |
| DIREXION SHS ETF TR CUSIP 25460G195 | — | DL FTSE BULL 3X | 101,140 | 0 | -101,140 | $4,307,553 | $0 | -$4,307,553 |
| EWH ISHARES INC | United States | MSCI HONG KG ETF | 201,044 | 0 | -201,044 | $4,272,185 | $0 | -$4,272,185 |
| GOLDMAN SACHS ETF TR CUSIP 38149W457 | — | MSCI WORLD PRIV | 82,268 | 0 | -82,268 | $4,242,125 | $0 | -$4,242,125 |
| DIREXION SHS ETF TR CUSIP 25461A304 | — | DLY AAPL BEAR 1X | 310,560 | 0 | -310,560 | $4,071,442 | $0 | -$4,071,442 |
| VALKYRIE ETF TRUST II CUSIP 91917A108 | — | COINSHARES BITCN | 774,870 | 0 | -774,870 | $4,044,821 | $0 | -$4,044,821 |
| EUFN ISHARES TR | United States | MSCI EURO FL ETF | 106,564 | 0 | -106,564 | $3,952,459 | $0 | -$3,952,459 |
| DFIP DIMENSIONAL ETF TRUST | United States | INFLATION PROTE | 94,857 | 0 | -94,857 | $3,941,783 | $0 | -$3,941,783 |
| TNA DIREXION SHS ETF TR | United States | DLY SMCAP BULL3X | 85,688 | 0 | -85,688 | $3,902,232 | $0 | -$3,902,232 |
| VB VANGUARD INDEX FDS | United States | SMALL CP ETF | 14,904 | 0 | -14,904 | $3,844,487 | $0 | -$3,844,487 |
| DIREXION SHS ETF TR CUSIP 25460E216 | — | DAILY FINL BEAR | 98,278 | 0 | -98,278 | $3,776,824 | $0 | -$3,776,824 |
| FENI FIDELITY COVINGTON TRUST | United States | ENHANCED INTL | 102,068 | 0 | -102,068 | $3,733,647 | $0 | -$3,733,647 |
| DIREXION SHS ETF TR CUSIP 25460G112 | — | DAILY SEMICONDUC | 1,190,487 | 0 | -1,190,487 | $3,726,224 | $0 | -$3,726,224 |
| SPDR INDEX SHS FDS CUSIP 78470E106 | — | MSCI EAFE FS ETF | 72,213 | 0 | -72,213 | $3,644,301 | $0 | -$3,644,301 |
| SLYV SPDR SERIES TRUST | United States | STATE STREET SPD | 39,239 | 0 | -39,239 | $3,569,572 | $0 | -$3,569,572 |
| DBX ETF TR CUSIP 233051630 | — | XTRACK MSCI EAFE | 115,121 | 0 | -115,121 | $3,567,600 | $0 | -$3,567,600 |
| FLCB FRANKLIN TEMPLETON ETF TR | United States | US CORE BOND ETF | 164,652 | 0 | -164,652 | $3,560,600 | $0 | -$3,560,600 |
| ISHARES TR CUSIP 464288562 | United States | RESIDENTIAL MULT | 42,364 | 0 | -42,364 | $3,500,961 | $0 | -$3,500,961 |
| DIREXION SHS ETF TR CUSIP 25460E232 | — | DAILY SM CP BEAR | 463,065 | 0 | -463,065 | $3,477,618 | $0 | -$3,477,618 |
| ISHARES TR CUSIP 46429B614 | United States | MSCI INDIA SM CP | 49,456 | 0 | -49,456 | $3,457,469 | $0 | -$3,457,469 |
| VANGUARD SCOTTSDALE FDS CUSIP 92206C599 | United States | VNG RUS3000IDX | 11,311 | 0 | -11,311 | $3,397,033 | $0 | -$3,397,033 |
| NUSHARES ETF TR CUSIP 67092P102 | — | NUVEEN ENHNC YLD | 160,186 | 0 | -160,186 | $3,393,540 | $0 | -$3,393,540 |
| SSGA ACTIVE TR CUSIP 78470P622 | — | SPDR SSGA IG PUB | 130,476 | 0 | -130,476 | $3,316,034 | $0 | -$3,316,034 |
| DIREXION SHS ETF TR CUSIP 25460G153 | — | DAILY REGIONAL | 32,664 | 0 | -32,664 | $3,300,044 | $0 | -$3,300,044 |
| IWS ISHARES TR | United States | RUS MDCP VAL ETF | 23,179 | 0 | -23,179 | $3,269,398 | $0 | -$3,269,398 |
| DOUBLELINE ETF TRUST CUSIP 25861R303 | — | COMMERCIAL REAL | 61,577 | 0 | -61,577 | $3,195,846 | $0 | -$3,195,846 |
| USVM VICTORY PORTFOLIOS II | United States | USAA MSCI USA SM | 34,831 | 0 | -34,831 | $3,180,300 | $0 | -$3,180,300 |
| PIMCO ETF TR CUSIP 72201R304 | — | 15+ YR US TIPS | 60,064 | 0 | -60,064 | $3,108,312 | $0 | -$3,108,312 |
| DIREXION SHS ETF TR CUSIP 25460G286 | — | DAILY TSLA 2X SH | 161,565 | 0 | -161,565 | $3,087,507 | $0 | -$3,087,507 |
| ISHARES TR CUSIP 464288810 | — | U.S. MED DVC ETF | 49,552 | 0 | -49,552 | $3,079,657 | $0 | -$3,079,657 |
| DIREXION SHS ETF TR CUSIP 25460G849 | — | 20YR TRES BEAR | 82,230 | 0 | -82,230 | $3,055,667 | $0 | -$3,055,667 |
| DIREXION SHS ETF TR CUSIP 25459Y207 | — | NAS100 EQL WGT | 29,751 | 0 | -29,751 | $3,043,825 | $0 | -$3,043,825 |
| SPROTT FDS TR CUSIP 85208P873 | — | SILVER MINERS | 54,123 | 0 | -54,123 | $3,020,063 | $0 | -$3,020,063 |
| PROSHARES TR CUSIP 74348A210 | — | SHRT RUSSELL2000 | 181,680 | 0 | -181,680 | $2,974,102 | $0 | -$2,974,102 |
| PIMCO ETF TR CUSIP 72201R718 | United States | ENHNCD LW DUR AC | 30,681 | 0 | -30,681 | $2,943,689 | $0 | -$2,943,689 |
| ISHARES TR CUSIP 464287788 | United States | U.S. FINLS ETF | 22,779 | 0 | -22,779 | $2,936,896 | $0 | -$2,936,896 |