Direxion Daily S&P 500 Bull 2X ETF
SPUU
18 hedge funds and large institutions have $125M invested in Direxion Daily S&P 500 Bull 2X ETF in 2024 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 2 reducing their positions, and 7 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 2
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6.96% less ownership
Funds ownership: 59.4% → 52.44% (-7%)
13% less capital invested
Capital invested by funds: $143M → $125M (-$18.1M)
22% less funds holding
Funds holding: 23 → 18 (-5)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Adams Wealth Management
Logan,
Utah
|
+$2.99M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$155K |
| 3 |
TWC
TD Waterhouse Canada
Toronto,
Ontario, Canada
|
+$19.1K |
| 4 |
CG
Cutler Group
San Francisco,
California
|
+$15.6K |
| 5 |
LFG
Larson Financial Group
St Louis,
Missouri
|
+$13.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$36.1M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$4.28M |
| 3 |
VF
Virtu Financial
New York
|
-$469K |
| 4 |
Jane Street
New York
|
-$249K |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$174K |
SPUU Hedge Fund Activity: Q1 2024 in Review
18 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 2X ETF (SPUU) for Q1 2024, worth a combined $125M — down 13% from $143M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SPUU and 2 opened new positions — a net loss of 5 holders — while 2 trimmed existing stakes and 7 added.
The largest buyer was Adams Wealth Management, adding an estimated $2.99M. The largest seller was BNP Paribas Financial Markets, exiting entirely with an estimated $36.1M sold.
- 18 institutional investors held Direxion Daily S&P 500 Bull 2X ETF (SPUU) as of Q1 2024, down from 23 in Q4 2023.
- Funds reported $125M of Direxion Daily S&P 500 Bull 2X ETF stock for Q1 2024, down 13% quarter-over-quarter.
- 2 funds opened new Direxion Daily S&P 500 Bull 2X ETF positions in Q1 2024 and 7 closed out, a net change of -5 holders.
- The largest Direxion Daily S&P 500 Bull 2X ETF buyer in Q1 2024 was Adams Wealth Management, an estimated $2.99M added.
- The largest Direxion Daily S&P 500 Bull 2X ETF seller in Q1 2024 was BNP Paribas Financial Markets, an estimated $36.1M sold.
Based on aggregated 13F filings for Q1 2024.