Direxion Daily S&P 500 Bear 1X ETF
SPDN
51 hedge funds and large institutions have $108M invested in Direxion Daily S&P 500 Bear 1X ETF in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 10 closing their positions.
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
8.65% more ownership
Funds ownership: 54.06% → 62.71% (+8.7%)
4% more funds holding
Funds holding: 49 → 51 (+2)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
11% less capital invested
Capital invested by funds: $121M → $108M (-$13M)
100% less call options, than puts
Call options by funds: $1K | Put options by funds: $266K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
+$8.11M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$6.83M |
| 3 |
VF
Virtu Financial
New York
|
+$3.69M |
| 4 |
HF
HRT Financial
New York
|
+$2.55M |
| 5 |
OPOWM
One Plus One Wealth Management
Jupiter,
Florida
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
GTS Securities
Miami,
Florida
|
-$21.6M |
| 2 |
SIS
Strategic Investment Solutions
Orland Park,
Illinois
|
-$5.95M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.06M |
| 4 |
Jane Street
New York
|
-$962K |
| 5 |
LG
Leuthold Group
Minneapolis,
Minnesota
|
-$849K |
SPDN Hedge Fund Activity: Q4 2023 in Review
51 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q4 2023, worth a combined $108M — down 11% from $121M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new SPDN positions and 10 closed out — a net gain of 2 holders — while 16 added to existing stakes and 17 trimmed.
The largest buyer was IMC Chicago, adding an estimated $8.11M. The largest seller was GTS Securities, exiting entirely with an estimated $21.6M sold.
- 51 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q4 2023, up from 49 in Q3 2023.
- Funds reported $108M of Direxion Daily S&P 500 Bear 1X ETF stock for Q4 2023, down 11% quarter-over-quarter.
- 12 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q4 2023 and 10 closed out, a net change of +2 holders.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q4 2023 was IMC Chicago, an estimated $8.11M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q4 2023 was GTS Securities, an estimated $21.6M sold.
Based on aggregated 13F filings for Q4 2023.