Direxion Daily S&P 500 Bull 3x ETF
SPXL
31 hedge funds and large institutions have $55.6M invested in Direxion Daily S&P 500 Bull 3x ETF in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 4 increasing their positions, 11 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
50% more call options, than puts
Call options by funds: $27.9M | Put options by funds: $18.6M
44% more capital invested
Capital invested by funds: $38.7M → $55.6M (+$16.9M)
24% more funds holding
Funds holding: 25 → 31 (+6)
5.44% less ownership
Funds ownership: 63.09% → 57.66% (-5.4%)
64% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 11
Top Buyers
| 1 |
AT
Allston Trading
Chicago,
Illinois
|
+$3.72M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.94M |
| 3 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
+$2.77M |
| 4 |
VF
Virtu Financial
New York
|
+$2.44M |
| 5 |
Barclays
London,
United Kingdom
|
+$2.04M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
26
WFG Advisors
Dallas,
Texas
| $71K | -$13.5K | -968 | -18% |
|
|
MA
27
MUFG Americas
New York
| $19K | – | – | – |
|
|
AIG
28
American International Group
New York
| $9.57K | – | – | – |
|
|
U
29
UBS
Zurich,
Switzerland
| $6K | – | – | – |
|
30
Invesco
Atlanta,
Georgia
| $6K | +$5.58K | +400 | New |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $4K | +$3.91K | +280 | New |
|
32
SG Americas Securities
New York
| – | -$1.75M | -145,628 | Closed |
|
|
GCT
33
Galaxy Capital Trading
Road Town,
British Virgin Islands
| – | -$1.01M | -84,000 | Closed |
|
|
AWCI
34
Alpine Woods Capital Investors
Purchase,
New York
| – | -$480K | -40,000 | Closed |
|
|
RIA
35
Regal Investment Advisors
Kentwood,
Michigan
| – | -$151K | -12,584 | Closed |
|
36
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$7K | -560 | Closed |
|
SPXL Hedge Fund Activity: Q4 2013 in Review
31 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q4 2013, worth a combined $55.6M — up 44% from $38.7M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new SPXL positions and 5 closed out — a net gain of 6 holders — while 4 added to existing stakes and 11 trimmed.
The largest buyer was Allston Trading, adding an estimated $3.72M. The largest seller was Royal Bank of Canada, cutting an estimated $3.02M.
- 31 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q4 2013, up from 25 in Q3 2013.
- Funds reported $55.6M of Direxion Daily S&P 500 Bull 3x ETF stock for Q4 2013, up 44% quarter-over-quarter.
- 11 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q4 2013 and 5 closed out, a net change of +6 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q4 2013 was Allston Trading, an estimated $3.72M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q4 2013 was Royal Bank of Canada, an estimated $3.02M sold.
Based on aggregated 13F filings for Q4 2013.