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Direxion Daily S&P 500 Bear 1X ETF
SPDN

52 hedge funds and large institutions have $114M invested in Direxion Daily S&P 500 Bear 1X ETF in 2022 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

28,600% more call options, than puts

Call options by funds: $287K | Put options by funds: $1K

58% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 12

11% more capital invested

Capital invested by funds: $103M → $114M (+$10.9M)

0% more funds holding

Funds holding: 52 → 52 (0)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

7.72% less ownership

Funds ownership: 34.66% → 26.95% (-7.7%)

Holders
52
Holders Change
–
Holders Change %
0%
% of All Funds
0.88%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
12
Increased
19
Reduced
12
Closed
12
Calls
$287K
Puts
$1K
Net Calls
+$286K
Net Calls Change
-$119K

Top Buyers

1
SAM
Synergy Asset Management
Washington
+$9.07M
2
VF
Virtu Financial
New York
+$2.5M
3
Renaissance Technologies
Renaissance Technologies
New York
+$1.91M
4
NHFG
New Harbor Financial Group
Massachusetts
+$1.82M
5
GIA
Guyasuta Investment Advisors
Pennsylvania
+$1.58M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$5.8M
2
ADBIC
A.D. Beadell Investment Counsel
Wisconsin
-$5.12M
3
IMC Chicago
IMC Chicago
Illinois
-$3.83M
4
LJAC
L.J. Altfest & Co
New York
-$3.55M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$493K +$462K +28,949 New
RCA
27
Resonant Capital Advisors
Wisconsin
$453K -$43.8K -2,749 -9%
IWC
28
Integrated Wealth Concepts
Massachusetts
$445K -$1.4M -87,855 -77%
CAPTRUST Financial Advisors
29
CAPTRUST Financial Advisors
North Carolina
$343K +$215K +13,501 +205%
TSS
30
Two Sigma Securities
New York
$264K +$67.3K +4,222 +37%
SC
31
Scotia Capital
Ontario, Canada
$255K +$574 +36 +0.2%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$220K +$44.9K +2,815 +28%
MAM
33
McLean Asset Management
Virginia
$203K – – –
GRP
34
Global Retirement Partners
California
$183K +$30.1K +1,890 +21%
KWMG
35
King Wealth Management Group
Florida
$170K – – –
Qube Research & Technologies (QRT)
36
Qube Research & Technologies (QRT)
United Kingdom
$155K +$137K +8,606 +1,721%
QT
37
Quantbot Technologies
New York
$136K +$128K +8,000 New
UBS Group
38
UBS Group
Switzerland
$104K +$64.7K +4,056 +195%
IA
39
IFP Advisors
Florida
$73K – – –
AWM
40
AllSquare Wealth Management
New York
$53K – – –
Simplex Trading
41
Simplex Trading
Illinois
$38K +$23.1K +1,448 +173%
SPIA
42
Steward Partners Investment Advisory
New York
$29K – – –
Carson Wealth (CWM LLC)
43
Carson Wealth (CWM LLC)
Nebraska
$17K -$201K -12,600 -93%
NFSG
44
Newbridge Financial Services Group
Florida
$16K +$15.2K +950 New
SWM
45
Spire Wealth Management
Virginia
$13K -$8.66K -543 -42%
Rockefeller Capital Management
46
Rockefeller Capital Management
New York
$8K +$8.31K +521 New
BC
47
Belmont Capital
California
$6K – – –
Citigroup
48
Citigroup
New York
$3K +$2.39K +150 New
Osaic Holdings
49
Osaic Holdings
Arizona
$1K -$714K -44,777 -100%
Bank of Montreal
50
Bank of Montreal
Ontario, Canada
$3 – – –
1
2
3

SPDN Hedge Fund Activity: Q2 2022 in Review

52 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q2 2022, worth a combined $114M — up 11% from $103M a quarter earlier.

Fund positioning in SPDN was balanced in Q2 2022: 12 funds opened new positions, 12 closed out, 19 added to existing stakes and 12 trimmed.

The largest buyer was Synergy Asset Management, opening a new position worth an estimated $9.07M. The largest seller was Citadel Advisors, exiting entirely with an estimated $5.8M sold.

  • 52 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q2 2022, unchanged from Q1 2022.
  • Funds reported $114M of Direxion Daily S&P 500 Bear 1X ETF stock for Q2 2022, up 11% quarter-over-quarter.
  • 12 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q2 2022 and 12 closed out, a net change of 0 holders.
  • The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q2 2022 was Synergy Asset Management, an estimated $9.07M added.
  • The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q2 2022 was Citadel Advisors, an estimated $5.8M sold.

Based on aggregated 13F filings for Q2 2022.