Direxion Daily S&P 500 Bull 2X ETF
SPUU
16 hedge funds and large institutions have $130M invested in Direxion Daily S&P 500 Bull 2X ETF in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 5 closing their positions.
388% more call options, than puts
Call options by funds: $415K | Put options by funds: $85K
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
6% less funds holding
Funds holding: 17 → 16 (-1)
8% less capital invested
Capital invested by funds: $141M → $130M (-$10.9M)
8.59% less ownership
Funds ownership: 50.25% → 41.66% (-8.6%)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Adams Wealth Management
Logan,
Utah
|
+$5.78M |
| 2 |
BW
Bison Wealth
Atlanta,
Georgia
|
+$1.89M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$1.16M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$113K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$107K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIM
Bullseye Investment Management
Cincinnati,
Ohio
|
-$7.19M |
| 2 |
VF
Virtu Financial
New York
|
-$610K |
| 3 |
EWA
Exencial Wealth Advisors
Oklahoma City,
Oklahoma
|
-$290K |
| 4 |
IC
Inscription Capital
Houston,
Texas
|
-$21K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$1.57K |
SPUU Hedge Fund Activity: Q3 2023 in Review
16 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 2X ETF (SPUU) for Q3 2023, worth a combined $130M — down 7.8% from $141M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SPUU and 4 opened new positions — a net loss of 1 holder — while 1 trimmed existing stakes and 3 added.
The largest buyer was Adams Wealth Management, opening a new position worth an estimated $5.78M. The largest seller was Bullseye Investment Management, exiting entirely with an estimated $7.19M sold.
- 16 institutional investors held Direxion Daily S&P 500 Bull 2X ETF (SPUU) as of Q3 2023, down from 17 in Q2 2023.
- Funds reported $130M of Direxion Daily S&P 500 Bull 2X ETF stock for Q3 2023, down 7.8% quarter-over-quarter.
- 4 funds opened new Direxion Daily S&P 500 Bull 2X ETF positions in Q3 2023 and 5 closed out, a net change of -1 holder.
- The largest Direxion Daily S&P 500 Bull 2X ETF buyer in Q3 2023 was Adams Wealth Management, an estimated $5.78M added.
- The largest Direxion Daily S&P 500 Bull 2X ETF seller in Q3 2023 was Bullseye Investment Management, an estimated $7.19M sold.
Based on aggregated 13F filings for Q3 2023.