Fund · Direxion Daily Semiconductor Bull 3X Shares · measured from SEC filings
SOXL holdings
SOXL reports 38 holdings and behaves like 12.1 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-07-31. The fact sheet publishes the first number; this page computes the second, and traces it across 27 quarters of filings.
Measured concentration
as of 2026-07-31This figure is not comparable with other funds
swap and futures notional is 231% of net assets: the fund's exposure is delivered by derivatives, and a count of its filed positions does not describe it. See the exposure section for what the notional is written on
6.7% of net assets is securities-lending cash collateral, excluded from the figure; counted as filed the fund would read 7.8
The figure below is what the filing says, published unchanged. What it may not do is sit beside a plain long-only fund and be read as the same quantity. How comparability is decided.
Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 96.07% at a quoted market price (level 1), 6 issuer countries.
What stands out
as of 2026-07-31The largest line in SOXL's filing is not a stock but Dreyfus Trsry Securities Cash Mgmt, a short-term position at 19.54% of net assets.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.
Every filing since 2019
27| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-04-30 * | 41 | 16.3 | 62.45% | 14.25% |
| 2026-01-31 * | 41 | 23.2 | 53.02% | 10.98% |
| 2025-10-31 * | 42 | 21.6 | 56.46% | 9.97% |
| 2025-07-31 * | 41 | 24 | 53.98% | 9.46% |
| 2025-04-30 * | 39 | 23.6 | 54.69% | 9.11% |
| 2025-01-31 * | 35 | 19.5 | 58.18% | 13.01% |
| 2024-10-31 * | 40 | 17.6 | 60.16% | 15.72% |
| 2024-07-31 * | 42 | 27.6 | 47.56% | 7.33% |
Earlier filings (19 more, back to 2019-10-31)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-04-30 * | 38 | 16.4 | 57.1% | 18.44% |
| 2024-01-31 * | 41 | 24 | 53.15% | 7.84% |
| 2023-10-31 * | 37 | 19.3 | 55.64% | 14.83% |
| 2023-07-31 * | 42 | 19.1 | 56.33% | 15.4% |
| 2023-04-30 * | 41 | 20.5 | 55.3% | 13.44% |
| 2023-01-31 * | 40 | 14 | 57.26% | 21.94% |
| 2022-10-31 * | 36 | 15.6 | 62.06% | 16.91% |
| 2022-07-31 * | 39 | 22.1 | 54.79% | 11.96% |
| 2022-04-30 * | 35 | 17.4 | 56.89% | 17% |
| 2022-01-31 * | 35 | 23.8 | 52.29% | 7.58% |
| 2021-10-31 * | 39 | 22.1 | 53.79% | 12.66% |
| 2021-07-31 * | 39 | 12.6 | 61.66% | 23.6% |
| 2021-04-30 * | 38 | 16.6 | 62.54% | 16.19% |
| 2021-01-31 * | 38 | 19.9 | 57.58% | 13.33% |
| 2020-10-31 * | 36 | 18.7 | 63.81% | 10.97% |
| 2020-07-31 * | 37 | 16.8 | 62.76% | 16.01% |
| 2020-04-30 * | 38 | 19.6 | 57.04% | 14.93% |
| 2020-01-31 * | 35 | 15.1 | 62.32% | 19.16% |
| 2019-10-31 * | 37 | 11.5 | 65.89% | 23.16% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
As filed, collateral included
6.71% collateralSOXL's filing lists 39 positions including 6.71% of net assets in securities-lending cash collateral. Counted as filed the fund reads 7.8 effective holdings with a top ten of 82.06%; on its own investments — the figure above — it reads 12.1 with a top ten of 63.99%. The collateral is matched by a liability and is not a holding the fund chose; since 2026-09-18 every figure on this site sets it aside (methodology). Both numbers are in the data.
Largest positions, as filed
as of 2026-04-30The 15 largest of 38 positions in SOXL's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: SOXL.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | DREYFUS | 23.89% | 23.9% |
| 2 | GOLDMAN FINANCIAL | 6.82% | 30.7% |
| 3 | ADVANCED MICRO DEVICES INC | 5.57% | 36.3% |
| 4 | Broadcom Inc | 5.51% | 41.8% |
| 5 | Micron Technology Inc. | 5.29% | 47.1% |
| 6 | NVIDIA Corp. | 4.75% | 51.8% |
| 7 | Intel Corporation | 4.37% | 56.2% |
| 8 | Marvell Technology Inc | 4.26% | 60.5% |
| 9 | Applied Materials Inc. | 3.33% | 63.8% |
| 10 | Monolithic Power Systems Inc. | 2.99% | 66.8% |
| 11 | Texas Instruments Inc. | 2.79% | 69.6% |
| 12 | NXP Semiconductors NV | 2.73% | 72.3% |
| 13 | QUALCOMM Inc. | 2.66% | 75.0% |
| 14 | KLA CORP | 2.42% | 77.4% |
| 15 | Analog Devices Inc. | 2.39% | 79.8% |
By country of issuer
as of 2026-04-30Share of SOXL's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.
| Country | Share |
|---|---|
| United States | 93.67% |
| Netherlands° | 3.06% |
| Taiwan | 1.89% |
| Cayman Islands° | 0.73% |
| Israel | 0.41% |
| United Kingdom | 0.23% |
Returns the fund reported
2019-08 – 2026-04Monthly total returns from Item B.5 of SOXL's own filings, 81 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: SOXL.json · all funds.
Who borrows SOXL's shares
2026-07-31The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-07-31, $9m was out to 1 borrower.
| Borrower | On loan | Share of the loan |
|---|---|---|
| Wells Fargo Securities LLC | $9m | 100.0% |
The filing reports no cash collateral position against this loan. Collateral taken in a form the fund does not hold as a position does not appear in N-PORT, so this is silence rather than absence. What the collateral figure can and cannot show. Every quarter SOXL has filed, with each borrower: SOXL.json · all funds.
Since the previous filing
2026-01-31 → 2026-04-3033 positions became 33: 0 added (0.0% of the fund at the later date), 0 dropped (0.0% at the earlier date). Half the sum of all weight changes, a turnover proxy: 16.5%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of SOXL compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-01-31 | 2026-04-30 | Largest decreases | 2026-01-31 | 2026-04-30 |
|---|---|---|---|---|---|
| N/A | 29.46% | 40.33% | Micron Technology Inc. | 4.99% | 3.16% |
| DREYFUS | 10.98% | 14.25% | Applied Materials Inc. | 3.63% | 1.99% |
| GOLDMAN FINANCIAL | 3.07% | 4.07% | Lam Research Corporation | 2.89% | 1.39% |
| Marvell Technology Inc | 1.70% | 2.54% | NVIDIA Corp. | 4.17% | 2.84% |
| Intel Corporation | 2.21% | 2.61% | ASML HOLDING NV | 2.43% | 1.15% |
| Broadcom Inc | 3.17% | 3.29% | KLA CORP | 2.34% | 1.44% |
Asset categories and pricing
as of 2026-07-31| Asset category (as filed) | Share of investments |
|---|---|
| equity EC | 53.22% |
| short-term investment STIV | 42.85% |
| DO DO | 3.93% |
96.1% of SOXL is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.
Derivative exposure and counterparties
as of 2026-04-30A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $16.95B. Notional of an interest-rate or currency swap is not equity exposure.
| Swap counterparty | Notional | % of net assets |
|---|---|---|
| CITIBANK, NATIONAL ASSOCIATION | $10.80B | 63.7% |
| Barclays Bank plc | $9.73B | 57.39% |
| Goldman Sachs & Co. LLC | $7.58B | 44.72% |
| Bank of America NA | $4.38B | 25.85% |
| UBS AG | $3.25B | 19.16% |
| BNP PARIBAS | $2.67B | 15.72% |
| JPMorgan Securities LLC | $2.60B | 15.36% |
| Societe Generale SA | $236M | 1.39% |
Financing leg as filed: the fund pays 1 month Sofr + spread + 4.577% on $41.24B of long swap notional . Issuers fill the spread field differently (some file the all-in rate), so compare within an issuer, not across.
Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).
Neighbours by effective holdings, equity funds
10Every measured equity fund lined up by how many holdings it behaves like; these sit either side of SOXL (12.1). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| QAI NYLIM Hedge Multi-Strategy Tracker ETF | 60 | 11.9 | 69.96% | 2026-07-31 |
| BUFD FT Vest Laddered Deep Buffer ETF | 13 | 12 | 83.3% | 2026-05-31 |
| BUFZ FT Vest Laddered Moderate Buffer ETF | 13 | 12 | 83.31% | 2026-05-31 |
| EWH iShares MSCI Hong Kong ETF | 31 | 12.1 | 66.65% | 2026-05-31 |
| EPHE iShares MSCI Philippines ETF | 38 | 12.1 | 61.95% | 2026-05-31 |
| VDE Vanguard Energy Index Fund | 106 | 12.3 | 63.95% | 2026-05-31 |
| LIT Global X Lithium and Battery Tech ETF | 41 | 12.3 | 66.07% | 2026-07-31 |
| EWN iShares MSCI Netherlands ETF | 57 | 12.3 | 60.63% | 2026-05-31 |
| EDEN iShares MSCI Denmark ETF | 44 | 12.4 | 66.39% | 2026-05-31 |
| AKRE Akre Focus ETF | 18 | 12.7 | 80.84% | 2026-07-31 |
Essays that examine SOXL
3-
SOXL Holdings: What the 3x Semiconductor ETF Actually Owns
SOXL's SEC filing lists 42 positions: 30 semiconductor stocks worth 57% of net assets, eight index swaps with a notional of $41 billion (243% of net assets), and 39% in Treasury money funds. The stocks and the swap notional add to exactly 300%. Here is what the 3x semiconductor ETF holds, where the leverage comes from, who the counterparties are, and why its holdings count cannot be read like SOXX's.
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The Honest Math of Daily-Reset Leverage: What QLD, SSO, and TQQQ Actually Cost in a 4% Rate Regime
A 2x daily-reset ETF such as QLD does not deliver 2x the annual return of the Nasdaq-100. It delivers roughly 2x of each daily return, compounded — a...
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Why Capital Preservation Is the Secret to Winning with Leveraged Assets
The case for capital preservation in a leveraged portfolio is not a temperament argument — it is an arithmetic one. Drawdown recovery is non-linear: a 50%...
Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.