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Direxion Daily S&P 500 Bear 1X ETF
SPDN

71 hedge funds and large institutions have $239M invested in Direxion Daily S&P 500 Bear 1X ETF in 2022 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

238% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 8

133% more funds holding in top 10

Funds holding in top 10: 3 → 7 (+4)

110% more capital invested

Capital invested by funds: $114M → $239M (+$125M)

37% more funds holding

Funds holding: 52 → 71 (+19)

27% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 15

16.54% more ownership

Funds ownership: 26.95% → 43.48% (+17%)

Holders
71
Holders Change
+19
Holders Change %
+36.54%
% of All Funds
1.22%
Holding in Top 10
7
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+133.33%
% of All Funds
0.12%
New
27
Increased
19
Reduced
15
Closed
8
Calls
$1.88M
Puts
–
Net Calls
+$1.88M
Net Calls Change
+$1.59M

Top Buyers

1
BCM
Brookstone Capital Management
Illinois
+$45.2M
2
IA
Inspire Advisors
Idaho
+$11M
3
MC
Muhlenkamp & Co
Pennsylvania
+$10.6M
4
ASN
Advisory Services Network
Georgia
+$7.98M
5
BAM
Belpointe Asset Management
Nevada
+$6.83M

Top Sellers

1
VF
Virtu Financial
New York
-$2.67M
2
Renaissance Technologies
Renaissance Technologies
New York
-$2.04M
3
LJAC
L.J. Altfest & Co
New York
-$1.71M
4
Jane Street
Jane Street
New York
-$1.36M
5
TRCT
Tower Research Capital (TRC)
New York
-$1.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAPTRUST Financial Advisors
26
CAPTRUST Financial Advisors
North Carolina
$1.33M +$877K +54,100 +269%
HF
27
HRT Financial
New York
$1.23M +$392K +24,183 +54%
ACM
28
AlphaStar Capital Management
North Carolina
$1.17M +$1.06M +65,342 New
BIP
29
Blueprint Investment Partners
North Carolina
$1.04M -$130K -8,000 -12%
Goldman Sachs
30
Goldman Sachs
New York
$976K +$415K +25,619 +88%
ADBIC
31
A.D. Beadell Investment Counsel
Wisconsin
$910K +$825K +50,901 New
CA
32
Cetera Advisors
Colorado
$873K +$29.2K +1,800 +4%
MWM
33
Maltin Wealth Management
New Jersey
$820K -$21.6K -1,335 -3%
MA
34
MBA Advisors
Pennsylvania
$809K +$101K +6,243 +16%
RCM
35
Rain Capital Management
Oregon
$660K -$180K -11,091 -23%
Carson Wealth (CWM LLC)
36
Carson Wealth (CWM LLC)
Nebraska
$644K +$567K +35,000 +3,500%
Jane Street
37
Jane Street
New York
$507K -$1.36M -83,928 -75%
UBS Group
38
UBS Group
Switzerland
$477K +$333K +20,560 +335%
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$463K -$318K -19,638 -43%
RCA
40
Resonant Capital Advisors
Wisconsin
$459K -$14.5K -893 -3%
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
$406K +$368K +22,730 New
MC
42
Moors & Cabot
Massachusetts
$401K +$364K +22,433 New
TRCT
43
Tower Research Capital (TRC)
New York
$390K -$1.08M -66,522 -75%
TF
44
Trek Financial
Arizona
$336K +$304K +18,788 New
JP Morgan Chase
45
JP Morgan Chase
New York
$326K +$296K +18,241 New
LODC
46
Lanham O'Dell & Company
West Virginia
$299K +$271K +16,736 New
SC
47
Scotia Capital
Ontario, Canada
$264K -$2.79K -172 -1%
Commonwealth Equity Services
48
Commonwealth Equity Services
Massachusetts
$233K +$1.48K +91 +0.7%
PCMC
49
Private Capital Management (Colorado)
Colorado
$226K +$205K +12,622 New
SA
50
Shilanski & Associates
Alaska
$226K +$205K +12,622 New
1
2
3 4

SPDN Hedge Fund Activity: Q3 2022 in Review

71 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q3 2022, worth a combined $239M — up 110% from $114M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new SPDN positions and 8 closed out — a net gain of 19 holders — while 19 added to existing stakes and 15 trimmed.

The largest buyer was Brookstone Capital Management, opening a new position worth an estimated $45.2M. The largest seller was Virtu Financial, exiting entirely with an estimated $2.67M sold.

  • 71 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q3 2022, up from 52 in Q2 2022.
  • Funds reported $239M of Direxion Daily S&P 500 Bear 1X ETF stock for Q3 2022, up 110% quarter-over-quarter.
  • 27 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q3 2022 and 8 closed out, a net change of +19 holders.
  • The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q3 2022 was Brookstone Capital Management, an estimated $45.2M added.
  • The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q3 2022 was Virtu Financial, an estimated $2.67M sold.

Based on aggregated 13F filings for Q3 2022.