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Direxion Daily S&P 500 Bear 1X ETF
SPDN

52 hedge funds and large institutions have $137M invested in Direxion Daily S&P 500 Bear 1X ETF in 2026 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 11 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 2

155% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 11

38% more capital invested

Capital invested by funds: $99.8M → $137M (+$37.7M)

13% more funds holding

Funds holding: 46 → 52 (+6)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.57% less ownership

Funds ownership: 46.47% → 45.9% (-0.57%)

85% less call options, than puts

Call options by funds: $139K | Put options by funds: $948K

Holders
52
Holders Change
+6
Holders Change %
+13.04%
% of All Funds
0.64%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
10
Increased
28
Reduced
11
Closed
2
Calls
$139K
Puts
$948K
Net Calls
-$809K
Net Calls Change
+$31K

Top Buyers

1
IMC Chicago
IMC Chicago
Illinois
+$7M
2
LG
Leuthold Group
Minnesota
+$6.99M
3
OPOWM
One Plus One Wealth Management
Florida
+$3.54M
4
NA
NewEdge Advisors
Louisiana
+$3.29M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.59M

Top Sellers

1
QC
Quadrature Capital
United Kingdom
-$2.03M
2
Citadel Advisors
Citadel Advisors
Florida
-$1.86M
3
HAM
Harmony Asset Management
Arizona
-$991K
4
VF
Virtu Financial
New York
-$920K
5
ASN
Advisory Services Network
Georgia
-$329K
Name Holding Trade Value Shares
Change 		Change in
Stake
BCA
26
Bay Colony Advisors
Massachusetts
$490K +$176K +18,426 +60%
GGS
27
Galvin Gaustad & Stein
Arizona
$477K +$457K +47,931 New
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$420K -$163K -17,144 -29%
FTUS
29
Flow Traders U.S.
New York
$372K -$112K -11,749 -24%
Mirae Asset Global Investments
30
Mirae Asset Global Investments
South Korea
$357K +$41.9K +4,400 +14%
AL
31
Aspiriant LLC
California
$296K – – –
HAM
32
Harmony Asset Management
Arizona
$266K -$991K -103,988 -80%
LA
33
Lifeworks Advisors
Michigan
$243K +$83K +8,705 +55%
CAPTRUST Financial Advisors
34
CAPTRUST Financial Advisors
North Carolina
$205K -$715 -75 -0.4%
BAM
35
Belpointe Asset Management
Nevada
$200K -$4.15K -435 -2%
ADBIC
36
A.D. Beadell Investment Counsel
Wisconsin
$199K +$71.5K +7,500 +60%
HSA
37
HBK Sorce Advisory
Pennsylvania
$176K +$191K +20,000 New
WA
38
Waverly Advisors
Alabama
$136K +$130K +13,664 New
CWM
39
Cornerstone Wealth Management
Missouri
$109K +$105K +11,000 New
CFA
40
Capstone Financial Advisors
Illinois
$105K +$101K +10,547 New
SSWM
41
Strait & Sound Wealth Management
California
$99.5K +$95.3K +10,000 New
SPIA
42
Steward Partners Investment Advisory
New York
$51.2K – – –
SS
43
SBI Securities
Japan
$34.7K -$9.5K -997 -22%
ASN
44
Advisory Services Network
Georgia
$33.9K -$329K -34,569 -91%
Qube Research & Technologies (QRT)
45
Qube Research & Technologies (QRT)
United Kingdom
$20.9K -$31.2K -3,272 -61%
SWM
46
Spire Wealth Management
Virginia
$9.64K +$48 +5 +0.5%
Simplex Trading
47
Simplex Trading
Illinois
$8.25K +$6.63K +696 +523%
UBS Group
48
UBS Group
Switzerland
$2K +$1.91K +200 +20,000%
TRCT
49
Tower Research Capital (TRC)
New York
$1.09K +$953 +100 +1,000%
JP Morgan Chase
50
JP Morgan Chase
New York
$133 -$194K -20,327 -100%
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SPDN Hedge Fund Activity: Q1 2026 in Review

52 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q1 2026, worth a combined $137M — up 38% from $99.8M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new SPDN positions and 2 closed out — a net gain of 8 holders — while 28 added to existing stakes and 11 trimmed.

The largest buyer was IMC Chicago, adding an estimated $7M. The largest seller was Quadrature Capital, exiting entirely with an estimated $2.03M sold.

  • 52 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q1 2026, up from 46 in Q4 2025.
  • Funds reported $137M of Direxion Daily S&P 500 Bear 1X ETF stock for Q1 2026, up 38% quarter-over-quarter.
  • 10 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q1 2026 and 2 closed out, a net change of +8 holders.
  • The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q1 2026 was IMC Chicago, an estimated $7M added.
  • The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q1 2026 was Quadrature Capital, an estimated $2.03M sold.

Based on aggregated 13F filings for Q1 2026.