Direxion Daily S&P 500 Bear 1X ETF
SPDN
49 hedge funds and large institutions have $121M invested in Direxion Daily S&P 500 Bear 1X ETF in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 15 reducing their positions, and 9 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
13% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 15
9.47% more ownership
Funds ownership: 44.59% → 54.06% (+9.5%)
7% more funds holding
Funds holding: 46 → 49 (+3)
20% less capital invested
Capital invested by funds: $150M → $121M (-$29.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KWM
Kaydan Wealth Management
Fenton,
Michigan
|
+$14M |
| 2 |
SIS
Strategic Investment Solutions
Orland Park,
Illinois
|
+$5.95M |
| 3 |
LG
Leuthold Group
Minneapolis,
Minnesota
|
+$4.59M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.8M |
| 5 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NHFG
New Harbor Financial Group
Worcester,
Massachusetts
|
-$36M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$25M |
| 3 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$1.67M |
| 4 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$932K |
| 5 |
GGS
Galvin Gaustad & Stein
Scottsdale,
Arizona
|
-$810K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LJAC
51
L.J. Altfest & Co
New York
| – | -$358K | -98,061 | Closed |
|
52
Citadel Advisors
Miami,
Florida
| – | -$746K | -52,303 | Closed |
|
|
FTUS
53
Flow Traders U.S.
New York
| – | -$316K | -22,126 | Closed |
|
|
ECM
54
Evergreen Capital Management
Bellevue,
Washington
| – | -$285K | -20,000 | Closed |
|
|
NFSG
55
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$131K | -9,200 | Closed |
|
|
CFGS
56
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$38.9K | -2,714 | Closed |
|
57
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$39K | -2,714 | Closed |
|
58
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$14.3K | -1,000 | Closed |
|
SPDN Hedge Fund Activity: Q3 2023 in Review
49 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q3 2023, worth a combined $121M — down 20% from $150M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new SPDN positions and 9 closed out — a net gain of 3 holders — while 17 added to existing stakes and 15 trimmed.
The largest buyer was Kaydan Wealth Management, opening a new position worth an estimated $14M. The largest seller was New Harbor Financial Group, cutting an estimated $36M.
- 49 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q3 2023, up from 46 in Q2 2023.
- Funds reported $121M of Direxion Daily S&P 500 Bear 1X ETF stock for Q3 2023, down 20% quarter-over-quarter.
- 12 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q3 2023 and 9 closed out, a net change of +3 holders.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q3 2023 was Kaydan Wealth Management, an estimated $14M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q3 2023 was New Harbor Financial Group, an estimated $36M sold.
Based on aggregated 13F filings for Q3 2023.