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.
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
Top Buyers
Top Sellers
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
-$2.03M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$1.86M |
| 3 |
HAM
Harmony Asset Management
Scottsdale,
Arizona
|
-$991K |
| 4 |
VF
Virtu Financial
New York
|
-$920K |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$329K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Morgan Stanley
New York
| $25 | +$10 | +1 | +100% |
|
52
Wells Fargo
San Francisco,
California
| $8 | – | – | – |
|
|
QC
53
Quadrature Capital
London,
United Kingdom
| – | -$2.03M | -215,757 | Closed |
|
|
VF
54
Virtu Financial
New York
| – | -$920K | -97,579 | Closed |
|
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.