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.
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%)
Top Buyers
Top Sellers
| 1 |
VF
Virtu Financial
New York
|
-$2.67M |
| 2 |
Renaissance Technologies
New York
|
-$2.04M |
| 3 |
LJAC
L.J. Altfest & Co
New York
|
-$1.71M |
| 4 |
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 |
|
|---|---|---|---|---|---|
76
Citigroup
New York
| – | -$3K | -150 | Closed |
|
77
Fidelity Investments
Boston,
Massachusetts
| – | +$81 | +5 | New |
|
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.