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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
AFP
51
Ausdal Financial Partners
Iowa
$218K +$197K +12,176 New
KAM
52
Knightsbridge Asset Management
California
$215K +$195K +12,017 New
MAM
53
McLean Asset Management
Virginia
$213K – – –
KWMG
54
King Wealth Management Group
Florida
$179K – – –
GRP
55
Global Retirement Partners
California
$162K -$15.6K -963 -9%
IA
56
IFP Advisors
Florida
$146K +$39.9K +2,463 +100%
QT
57
Quantbot Technologies
New York
$143K – – –
NFSG
58
Newbridge Financial Services Group
Florida
$102K +$76.8K +4,740 +499%
AWM
59
AllSquare Wealth Management
New York
$55K – – –
Qube Research & Technologies (QRT)
60
Qube Research & Technologies (QRT)
United Kingdom
$37K -$114K -7,019 -77%
SPIA
61
Steward Partners Investment Advisory
New York
$20K -$9.15K -565 -33%
SWM
62
Spire Wealth Management
Virginia
$13K +$16 +1 +0.1%
DRS
63
Deane Retirement Strategies
Louisiana
$11K +$9.72K +600 New
BC
64
Belmont Capital
California
$7K – – –
APA
65
American Portfolios Advisors
New York
$5.26K +$4.76K +294 New
Bank of Montreal
66
Bank of Montreal
Ontario, Canada
$2.91K +$2.64M +162,625 +81,313%
Osaic Holdings
67
Osaic Holdings
Arizona
$1K – – –
CG
68
Cutler Group
California
$1K +$1.62K +100 New
VF
69
Virtu Financial
New York
– -$2.67M -156,790 Closed
LJAC
70
L.J. Altfest & Co
New York
– -$1.71M -133,302 Closed
Renaissance Technologies
71
Renaissance Technologies
New York
– -$2.04M -119,700 Closed
FTUS
72
Flow Traders U.S.
New York
– -$738K -43,294 Closed
TSS
73
Two Sigma Securities
New York
– -$264K -15,514 Closed
Simplex Trading
74
Simplex Trading
Illinois
– -$38K -2,284 Closed
Rockefeller Capital Management
75
Rockefeller Capital Management
New York
– -$8K -521 Closed
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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.