Direxion Daily S&P 500 Bear 1X ETF
SPDN
43 hedge funds and large institutions have $69.5M invested in Direxion Daily S&P 500 Bear 1X ETF in 2025 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 12 closing their positions.
0.51% more ownership
Funds ownership: 57.55% → 58.06% (+0.51%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 17
4% less capital invested
Capital invested by funds: $72.3M → $69.5M (-$2.86M)
12% less funds holding
Funds holding: 49 → 43 (-6)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.22M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
+$4.98M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$2.19M |
| 3 |
OP
ORG Partners
Roanoke,
Indiana
|
+$1.29M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.28M |
| 5 |
FA
Fortis Advisors
Wayne,
Pennsylvania
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$3.04M |
| 2 |
OPOWM
One Plus One Wealth Management
Jupiter,
Florida
|
-$2.49M |
| 3 |
VF
Virtu Financial
New York
|
-$2.27M |
| 4 |
HF
HRT Financial
New York
|
-$1.51M |
| 5 |
TSS
Two Sigma Securities
New York
|
-$1.03M |
SPDN Hedge Fund Activity: Q3 2025 in Review
43 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q3 2025, worth a combined $69.5M — down 4% from $72.3M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SPDN and 6 opened new positions — a net loss of 6 holders — while 17 trimmed existing stakes and 17 added.
The largest buyer was Arkadios Wealth Advisors, adding an estimated $4.98M. The largest seller was IMC Chicago, exiting entirely with an estimated $3.04M sold.
- 43 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q3 2025, down from 49 in Q2 2025.
- Funds reported $69.5M of Direxion Daily S&P 500 Bear 1X ETF stock for Q3 2025, down 4% quarter-over-quarter.
- 6 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q3 2025 and 12 closed out, a net change of -6 holders.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q3 2025 was Arkadios Wealth Advisors, an estimated $4.98M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q3 2025 was IMC Chicago, an estimated $3.04M sold.
Based on aggregated 13F filings for Q3 2025.