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Direxion Daily S&P 500 Bear 1X ETF
SPDN

52 hedge funds and large institutions have $103M invested in Direxion Daily S&P 500 Bear 1X ETF in 2022 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

575% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 4

247% more call options, than puts

Call options by funds: $569K | Put options by funds: $164K

79% more funds holding

Funds holding: 29 → 52 (+23)

76% more capital invested

Capital invested by funds: $58.4M → $103M (+$44.5M)

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

22% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 9

10.76% less ownership

Funds ownership: 45.42% → 34.66% (-11%)

Holders
52
Holders Change
+23
Holders Change %
+79.31%
% of All Funds
0.82%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
27
Increased
11
Reduced
9
Closed
4
Calls
$569K
Puts
$164K
Net Calls
+$405K
Net Calls Change
+$405K

Top Buyers

1
LG
Leuthold Group
Minnesota
+$8.67M
2
ADBIC
A.D. Beadell Investment Counsel
Wisconsin
+$5.25M
3
Citadel Advisors
Citadel Advisors
Florida
+$4.91M
4
BAM
Belpointe Asset Management
Nevada
+$3.53M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$2.96M

Top Sellers

1
LJAC
L.J. Altfest & Co
New York
-$1.39M
2
VF
Virtu Financial
New York
-$705K
3
Creative Planning
Creative Planning
Kansas
-$326K
4
BPA
Beacon Pointe Advisors
California
-$141K
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$98.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
IP
26
Intellectus Partners
California
$326K -$30.8K -2,069 -8%
TF
27
Trek Financial
Arizona
$227K +$232K +15,578 New
PAG
28
Private Advisor Group
New Jersey
$221K +$227K +15,214 New
SC
29
Scotia Capital
Ontario, Canada
$217K +$222K +14,914 New
MWM
30
Maltin Wealth Management
New Jersey
$215K +$220K +14,789 New
Carson Wealth (CWM LLC)
31
Carson Wealth (CWM LLC)
Nebraska
$198K +$203K +13,600 New
MAM
32
McLean Asset Management
Virginia
$176K +$180K +12,100 New
Walleye Capital
33
Walleye Capital
New York
$173K +$177K +11,856 New
TSS
34
Two Sigma Securities
New York
$164K +$168K +11,292 New
JWM
35
Jeppson Wealth Management
California
$163K -$14.9K -1,000 -8%
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$147K +$151K +10,125 New
GRP
37
Global Retirement Partners
California
$146K +$132K +8,859 New
KWMG
38
King Wealth Management Group
Florida
$146K +$149K +10,000 New
CAPTRUST Financial Advisors
39
CAPTRUST Financial Advisors
North Carolina
$96K +$98.4K +6,600 New
IA
40
IFP Advisors
Florida
$73K +$36.6K +2,453 New
AWM
41
AllSquare Wealth Management
New York
$45K – – –
UBS Group
42
UBS Group
Switzerland
$30K +$30.9K +2,075 New
SPIA
43
Steward Partners Investment Advisory
New York
$25K – – –
SWM
44
Spire Wealth Management
Virginia
$19K – – –
Simplex Trading
45
Simplex Trading
Illinois
$12K +$6.5K +436 +109%
Qube Research & Technologies (QRT)
46
Qube Research & Technologies (QRT)
United Kingdom
$7K -$98.4K -6,600 -93%
BC
47
Belmont Capital
California
$5K +$5.58K +374 New
Bank of Montreal
48
Bank of Montreal
Ontario, Canada
$3K – – –
Osaic Holdings
49
Osaic Holdings
Arizona
$3K +$661K +44,327 +8,624%
VF
50
Virtu Financial
New York
– -$705K -50,160 Closed
1
2
3

SPDN Hedge Fund Activity: Q1 2022 in Review

52 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q1 2022, worth a combined $103M — up 76% from $58.4M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new SPDN positions and 4 closed out — a net gain of 23 holders — while 11 added to existing stakes and 9 trimmed.

The largest buyer was Leuthold Group, adding an estimated $8.67M. The largest seller was L.J. Altfest & Co, cutting an estimated $1.39M.

  • 52 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q1 2022, up from 29 in Q4 2021.
  • Funds reported $103M of Direxion Daily S&P 500 Bear 1X ETF stock for Q1 2022, up 76% quarter-over-quarter.
  • 27 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q1 2022 and 4 closed out, a net change of +23 holders.
  • The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q1 2022 was Leuthold Group, an estimated $8.67M added.
  • The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q1 2022 was L.J. Altfest & Co, an estimated $1.39M sold.

Based on aggregated 13F filings for Q1 2022.