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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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
71
Holders Change
+19
Holders Change %
+36.54%
% of All Funds
1.22%
Holding in Top 10
7
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+133.33%
% of All Funds
0.12%
New
27
Increased
19
Reduced
15
Closed
8
Calls
$1.88M
Puts
–
Net Calls
+$1.88M
Net Calls Change
+$1.59M

Top Buyers

1
BCM
Brookstone Capital Management
Illinois
+$45.2M
2
IA
Inspire Advisors
Idaho
+$11M
3
MC
Muhlenkamp & Co
Pennsylvania
+$10.6M
4
ASN
Advisory Services Network
Georgia
+$7.98M
5
BAM
Belpointe Asset Management
Nevada
+$6.83M

Top Sellers

1
VF
Virtu Financial
New York
-$2.67M
2
Renaissance Technologies
Renaissance Technologies
New York
-$2.04M
3
LJAC
L.J. Altfest & Co
New York
-$1.71M
4
Jane Street
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
BCM
1
Brookstone Capital Management
Illinois
$49.8M +$45.2M +2,787,017 New
NHFG
2
New Harbor Financial Group
Massachusetts
$37.2M +$1.96M +120,649 +6%
LG
3
Leuthold Group
Minnesota
$30.5M -$78.8K -4,860 -0.3%
IA
4
Inspire Advisors
Idaho
$12.1M +$11M +677,235 New
BAM
5
Belpointe Asset Management
Nevada
$11.9M +$6.83M +421,713 +174%
MC
6
Muhlenkamp & Co
Pennsylvania
$11.7M +$10.6M +652,921 New
SAM
7
Synergy Asset Management
Washington
$11.6M +$1.31M +81,022 +14%
ASN
8
Advisory Services Network
Georgia
$8.8M +$7.98M +492,467 New
LAM
9
LifePro Asset Management
California
$6.24M +$5.65M +348,848 New
DAS
10
Dynamic Advisor Solutions
Arizona
$5.14M +$4.66M +287,552 New
PAM
11
PVG Asset Management
Colorado
$4.99M +$4.52M +279,118 New
Cambridge Investment Research Advisors
12
Cambridge Investment Research Advisors
Iowa
$3.4M +$3.08M +189,922 New
LPL Financial
13
LPL Financial
California
$3.27M +$34K +2,099 +1%
VCP
14
Verus Capital Partners
Arizona
$3.08M +$1.33M +82,046 +91%
SWP
15
Stratos Wealth Partners
Ohio
$3.06M +$106K +6,533 +4%
HighTower Advisors
16
HighTower Advisors
Illinois
$2.6M +$2.35M +145,211 New
IMC Chicago
17
IMC Chicago
Illinois
$2.25M +$2.04M +125,717 New
AIA
18
Acute Investment Advisory
Arizona
$2.24M +$2.03M +125,124 New
IWC
19
Integrated Wealth Concepts
Massachusetts
$2.1M +$1.48M +91,313 +349%
NL
20
NVWM LLC
Pennsylvania
$1.96M – – –
GIA
21
Guyasuta Investment Advisors
Pennsylvania
$1.77M – – –
GGS
22
Galvin Gaustad & Stein
Arizona
$1.72M -$393K -24,245 -20%
BA
23
Bennicas & Associates
California
$1.68M -$29.2K -1,800 -2%
KA
24
Kovack Advisors
Florida
$1.43M +$1.29M +79,760 New
ACM
25
Allred Capital Management
Texas
$1.35M -$31.8K -1,961 -3%
1
2 3 4

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.