Direxion Daily S&P 500 Bear 1X ETF
SPDN
46 hedge funds and large institutions have $150M invested in Direxion Daily S&P 500 Bear 1X ETF in 2023 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 12 closing their positions.
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
5% more funds holding
Funds holding: 44 → 46 (+2)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
18.95% less ownership
Funds ownership: 63.54% → 44.59% (-19%)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
43% less capital invested
Capital invested by funds: $263M → $150M (-$113M)
75% less call options, than puts
Call options by funds: $1K | Put options by funds: $4K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
+$23M |
| 2 |
NHFG
New Harbor Financial Group
Worcester,
Massachusetts
|
+$2.89M |
| 3 |
AIA
Acute Investment Advisory
Mesa,
Arizona
|
+$1.11M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$783K |
| 5 |
Goldman Sachs
New York
|
+$405K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$130M |
| 2 |
LJAC
L.J. Altfest & Co
New York
|
-$5.93M |
| 3 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
-$4.71M |
| 4 |
MAM
Milestone Asset Management
Pittsburgh,
Pennsylvania
|
-$4.5M |
| 5 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$4.38M |
SPDN Hedge Fund Activity: Q2 2023 in Review
46 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q2 2023, worth a combined $150M — down 43% from $263M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SPDN positions and 12 closed out — a net gain of 2 holders — while 13 added to existing stakes and 13 trimmed.
The largest buyer was IMC Chicago, adding an estimated $23M. The largest seller was Brookstone Capital Management, cutting an estimated $130M.
- 46 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q2 2023, up from 44 in Q1 2023.
- Funds reported $150M of Direxion Daily S&P 500 Bear 1X ETF stock for Q2 2023, down 43% quarter-over-quarter.
- 14 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q2 2023 and 12 closed out, a net change of +2 holders.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q2 2023 was IMC Chicago, an estimated $23M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q2 2023 was Brookstone Capital Management, an estimated $130M sold.
Based on aggregated 13F filings for Q2 2023.