Direxion Daily S&P 500 Bear 1X ETF
SPDN
46 hedge funds and large institutions have $99.8M invested in Direxion Daily S&P 500 Bear 1X ETF in 2025 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 10 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
44% more capital invested
Capital invested by funds: $69.5M → $99.8M (+$30.3M)
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
7% more funds holding
Funds holding: 43 → 46 (+3)
11.59% less ownership
Funds ownership: 58.06% → 46.47% (-12%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $840K
Top Buyers
| 1 |
RW
Rockport Wealth
Fairview Park,
Ohio
|
+$26.7M |
| 2 |
LG
Leuthold Group
Minneapolis,
Minnesota
|
+$5.74M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$4.73M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$2.79M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$2.28M |
Top Sellers
| 1 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
-$8.59M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
-$3.67M |
| 3 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$2.59M |
| 4 |
Jane Street
New York
|
-$1.45M |
| 5 |
HF
HRT Financial
New York
|
-$1.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TYCC
51
Texas Yale Capital Corp
St. Petersburg,
Florida
| – | -$961K | -100,000 | Closed |
|
52
Renaissance Technologies
New York
| – | -$679K | -70,700 | Closed |
|
|
XT
53
XTX Topco
George Town,
Cayman Islands
| – | -$346K | -36,010 | Closed |
|
|
MWM
54
Moulton Wealth Management
Spokane,
Washington
| – | -$290K | -30,161 | Closed |
|
|
BPA
55
Beacon Pointe Advisors
Newport Beach,
California
| – | -$142K | -14,800 | Closed |
|
|
DWM
56
Darwin Wealth Management
Tampa,
Florida
| – | -$836 | -87 | Closed |
|
SPDN Hedge Fund Activity: Q4 2025 in Review
46 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q4 2025, worth a combined $99.8M — up 44% from $69.5M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SPDN positions and 10 closed out — a net gain of 4 holders — while 17 added to existing stakes and 11 trimmed.
The largest buyer was Rockport Wealth, opening a new position worth an estimated $26.7M. The largest seller was Arkadios Wealth Advisors, exiting entirely with an estimated $8.59M sold.
- 46 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q4 2025, up from 43 in Q3 2025.
- Funds reported $99.8M of Direxion Daily S&P 500 Bear 1X ETF stock for Q4 2025, up 44% quarter-over-quarter.
- 14 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q4 2025 and 10 closed out, a net change of +4 holders.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q4 2025 was Rockport Wealth, an estimated $26.7M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q4 2025 was Arkadios Wealth Advisors, an estimated $8.59M sold.
Based on aggregated 13F filings for Q4 2025.