Direxion Daily S&P 500 Bear 1X ETF
SPDN
56 hedge funds and large institutions have $105M invested in Direxion Daily S&P 500 Bear 1X ETF in 2026 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 8 closing their positions.
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
8% more funds holding
Funds holding: 52 → 56 (+4)
2.75% more ownership
Funds ownership: 45.9% → 48.65% (+2.7%)
21% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 19
24% less capital invested
Capital invested by funds: $137M → $105M (-$32.7M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $564K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVM
Robinson Value Management
San Antonio,
Texas
|
+$18.8M |
| 2 |
OPOWM
One Plus One Wealth Management
Jupiter,
Florida
|
+$3.46M |
| 3 |
WWP
Wise Wealth Partners
Phoenix,
Arizona
|
+$2.68M |
| 4 |
Jane Street
New York
|
+$2.09M |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
+$2.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RW
Rockport Wealth
Fairview Park,
Ohio
|
-$28.9M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$6.35M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$4.69M |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$2.45M |
| 5 |
GSEP
Golden State Equity Partners
South Coast Metro,
California
|
-$2.23M |
SPDN Hedge Fund Activity: Q2 2026 in Review
56 of the 8,318 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q2 2026, worth a combined $105M — down 24% from $137M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new SPDN positions and 8 closed out — a net gain of 4 holders — while 15 added to existing stakes and 19 trimmed.
The largest buyer was Robinson Value Management, opening a new position worth an estimated $18.8M. The largest seller was Rockport Wealth, exiting entirely with an estimated $28.9M sold.
- 56 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q2 2026, up from 52 in Q1 2026.
- Funds reported $105M of Direxion Daily S&P 500 Bear 1X ETF stock for Q2 2026, down 24% quarter-over-quarter.
- 12 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q2 2026 and 8 closed out, a net change of +4 holders.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q2 2026 was Robinson Value Management, an estimated $18.8M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q2 2026 was Rockport Wealth, an estimated $28.9M sold.
Based on aggregated 13F filings for Q2 2026.