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Direxion Daily S&P 500 Bull 3x ETF
SPXL

44 hedge funds and large institutions have $45.1M invested in Direxion Daily S&P 500 Bull 3x ETF in 2015 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 8

22% more funds holding

Funds holding: 36 → 44 (+8)

8% less capital invested

Capital invested by funds: $48.8M → $45.1M (-$3.7M)

11.35% less ownership

Funds ownership: 37.4% → 26.05% (-11%)

12% less call options, than puts

Call options by funds: $66.1M | Put options by funds: $75.5M

40% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 15

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
44
Holders Change
+8
Holders Change %
+22.22%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
16
Increased
9
Reduced
15
Closed
8
Calls
$66.1M
Puts
$75.5M
Net Calls
-$9.42M
Net Calls Change
+$38.4M

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$5.26M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$4.87M
3
GA
Geneva Advisors
Illinois
+$2.09M
4
HCM
Hollencrest Capital Management
California
+$780K
5
HighTower Advisors
HighTower Advisors
Illinois
+$599K

Top Sellers

1
VF
Virtu Financial
New York
-$12.8M
2
TRCT
Tower Research Capital (TRC)
New York
-$3.81M
3
Citigroup
Citigroup
New York
-$2.31M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$2.23M
5
Two Sigma Investments
Two Sigma Investments
New York
-$1.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
FTUS
26
Flow Traders U.S.
New York
$278K +$283K +13,396 New
JIC
27
Johnson Investment Counsel
Ohio
$258K -$81.3K -3,852 -24%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$251K +$255K +12,100 New
LPL Financial
29
LPL Financial
California
$249K +$263K +12,488 New
BFG
30
Bouchey Financial Group
New York
$248K – – –
SPC
31
Sigma Planning Corp
Michigan
$218K +$222K +10,504 New
Creative Planning
32
Creative Planning
Kansas
$190K -$172K -8,172 -47%
ED
33
Exane Derivatives
France
$149K -$155K -7,368 -51%
Citadel Advisors
34
Citadel Advisors
Florida
$131K -$161K -7,640 -55%
Parallax Volatility Advisers
35
Parallax Volatility Advisers
California
$103K +$16.8K +796 +19%
Bank of America
36
Bank of America
North Carolina
$84K +$76.2K +3,612 +877%
CIM
37
Contravisory Investment Management
Massachusetts
$41K – – –
WAM
38
Wealthspire Advisors (Maryland)
Maryland
$25K +$25.3K +1,200 New
UBS Group
39
UBS Group
Switzerland
$24K -$30.5K -1,444 -56%
JGIA
40
Jackson Grant Investment Advisers
Connecticut
$14K +$14.6K +692 New
US Bancorp
41
US Bancorp
Minnesota
$5K +$5.49K +260 New
CG
42
Cutler Group
California
$4K +$4.56K +216 New
PFG
43
Piershale Financial Group
Illinois
$3K +$2.87K +136 New
AIA
44
Allegis Investment Advisors
Idaho
$2K +$1.86K +88 New
VF
45
Virtu Financial
New York
– -$12.8M -741,276 Closed
Two Sigma Investments
46
Two Sigma Investments
New York
– -$1.4M -81,200 Closed
CT
47
CMT Trading
Illinois
– -$402K -23,272 Closed
FIG
48
Fusion Investment Group
Pennsylvania
– -$122K -7,076 Closed
ASN
49
Advisory Services Network
Georgia
– -$14K -800 Closed
SSG
50
Summit Securities Group
New York
– -$14K -800 Closed
1
2
3

SPXL Hedge Fund Activity: Q4 2015 in Review

44 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q4 2015, worth a combined $45.1M — down 7.6% from $48.8M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new SPXL positions and 8 closed out — a net gain of 8 holders — while 9 added to existing stakes and 15 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $5.26M. The largest seller was Virtu Financial, exiting entirely with an estimated $12.8M sold.

  • 44 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q4 2015, up from 36 in Q3 2015.
  • Funds reported $45.1M of Direxion Daily S&P 500 Bull 3x ETF stock for Q4 2015, down 7.6% quarter-over-quarter.
  • 16 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q4 2015 and 8 closed out, a net change of +8 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q4 2015 was Royal Bank of Canada, an estimated $5.26M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q4 2015 was Virtu Financial, an estimated $12.8M sold.

Based on aggregated 13F filings for Q4 2015.