Direxion Daily S&P 500 Bear 1X ETF
SPDN
40 hedge funds and large institutions have $78.7M invested in Direxion Daily S&P 500 Bear 1X ETF in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 20 reducing their positions, and 15 closing their positions.
18.09% less ownership
Funds ownership: 62.71% → 44.62% (-18%)
22% less funds holding
Funds holding: 51 → 40 (-11)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
27% less capital invested
Capital invested by funds: $108M → $78.7M (-$28.8M)
45% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 20
67% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 15
100% less call options, than puts
Call options by funds: $1K | Put options by funds: $251K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KWM
Kaydan Wealth Management
Fenton,
Michigan
|
+$13.6M |
| 2 |
Jane Street
New York
|
+$2.27M |
| 3 |
OPOWM
One Plus One Wealth Management
Jupiter,
Florida
|
+$2.06M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.11M |
| 5 |
JP Morgan Chase
New York
|
+$857K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$14.4M |
| 2 |
AIA
Acute Investment Advisory
Mesa,
Arizona
|
-$7.52M |
| 3 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$6.18M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$6.05M |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$1.85M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OP
51
ORG Partners
Roanoke,
Indiana
| – | -$90K | -6,775 | Closed |
|
52
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$13K | -1,000 | Closed |
|
53
UBS Group
Zurich,
Switzerland
| – | -$1.5K | -113 | Closed |
|
|
GRP
54
Global Retirement Partners
San Rafael,
California
| – | -$1.34K | -100 | Closed |
|
55
Bank of America
Charlotte,
North Carolina
| – | -$186 | -14 | Closed |
|
56
Fidelity Investments
Boston,
Massachusetts
| – | -$13 | -1 | Closed |
|
SPDN Hedge Fund Activity: Q1 2024 in Review
40 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q1 2024, worth a combined $78.7M — down 27% from $108M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of SPDN and 5 opened new positions — a net loss of 10 holders — while 20 trimmed existing stakes and 11 added.
The largest buyer was Kaydan Wealth Management, adding an estimated $13.6M. The largest seller was IMC Chicago, exiting entirely with an estimated $14.4M sold.
- 40 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q1 2024, down from 51 in Q4 2023.
- Funds reported $78.7M of Direxion Daily S&P 500 Bear 1X ETF stock for Q1 2024, down 27% quarter-over-quarter.
- 5 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q1 2024 and 15 closed out, a net change of -10 holders.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q1 2024 was Kaydan Wealth Management, an estimated $13.6M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q1 2024 was IMC Chicago, an estimated $14.4M sold.
Based on aggregated 13F filings for Q1 2024.