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Direxion Daily S&P 500 Bull 3x ETF
SPXL

43 hedge funds and large institutions have $41.1M invested in Direxion Daily S&P 500 Bull 3x ETF in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more call options, than puts

Call options by funds: $139M | Put options by funds: $120M

3.12% more ownership

Funds ownership: 26.05% → 29.17% (+3.1%)

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

2% less funds holding

Funds holding: 44 → 43 (-1)

9% less capital invested

Capital invested by funds: $45.1M → $41.1M (-$3.94M)

12% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 17

Holders
43
Holders Change
-1
Holders Change %
-2.27%
% of All Funds
1.15%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.05%
New
10
Increased
15
Reduced
17
Closed
11
Calls
$139M
Puts
$120M
Net Calls
+$19.3M
Net Calls Change
+$28.7M

Top Buyers

1
Barclays
Barclays
United Kingdom
+$3.52M
2
JT
Jump Trading
Illinois
+$2.66M
3
Simplex Trading
Simplex Trading
Illinois
+$1.83M
4
CT
CMT Trading
Illinois
+$1.26M
5
Morgan Stanley
Morgan Stanley
New York
+$1.08M

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$4.13M
2
GA
GFS Advisors
Texas
-$3.47M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.1M
4
WAM
Wolverine Asset Management
Illinois
-$2.89M
5
GA
Geneva Advisors
Illinois
-$2.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
SBL
26
Sargent Bickham Lagudis
Colorado
$351K +$301K +16,800 New
Walleye Trading
27
Walleye Trading
New York
$346K +$296K +16,536 New
Two Sigma Investments
28
Two Sigma Investments
New York
$326K +$279K +15,600 New
JIC
29
Johnson Investment Counsel
Ohio
$284K +$20.8K +1,160 +9%
TSS
30
Two Sigma Securities
New York
$254K +$217K +12,148 New
BFG
31
Bouchey Financial Group
New York
$250K – – –
UBS Group
32
UBS Group
Switzerland
$235K +$181K +10,112 +884%
LPL Financial
33
LPL Financial
California
$231K -$21.5K -1,200 -10%
Creative Planning
34
Creative Planning
Kansas
$224K +$27.1K +1,512 +16%
Parallax Volatility Advisers
35
Parallax Volatility Advisers
California
$136K +$27.3K +1,524 +31%
ED
36
Exane Derivatives
France
$120K -$25.9K -1,448 -20%
Citigroup
37
Citigroup
New York
$52K -$365K -20,376 -89%
Bank of America
38
Bank of America
North Carolina
$39K -$39.1K -2,184 -54%
AIG
39
American International Group
New York
$24K +$20K +1,120 New
WAM
40
Wealthspire Advisors (Maryland)
Maryland
$17K -$7.16K -400 -33%
US Bancorp
41
US Bancorp
Minnesota
$14K +$7.3K +408 +157%
BWP
42
Baldwin Wealth Partners
Massachusetts
$10K +$8.95K +500 New
JGIA
43
Jackson Grant Investment Advisers
Connecticut
$4K -$8.66K -484 -70%
GA
44
GFS Advisors
Texas
– -$3.47M -167,600 Closed
WAM
45
Wolverine Asset Management
Illinois
– -$2.89M -161,708 Closed
GA
46
Geneva Advisors
Illinois
– -$2.05M -99,140 Closed
Two Sigma Advisers
47
Two Sigma Advisers
New York
– -$970K -46,800 Closed
ICOA
48
Investment Centers of America
North Dakota
– -$517K -25,040 Closed
Bank of New York Mellon
49
Bank of New York Mellon
New York
– -$251K -12,100 Closed
SPC
50
Sigma Planning Corp
Michigan
– -$218K -10,504 Closed
1
2
3

SPXL Hedge Fund Activity: Q1 2016 in Review

43 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2016, worth a combined $41.1M — down 8.7% from $45.1M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of SPXL and 10 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 15 added.

The largest buyer was Barclays, opening a new position worth an estimated $3.52M. The largest seller was Royal Bank of Canada, cutting an estimated $4.13M.

  • 43 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2016, down from 44 in Q4 2015.
  • Funds reported $41.1M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2016, down 8.7% quarter-over-quarter.
  • 10 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2016 and 11 closed out, a net change of -1 holder.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2016 was Barclays, an estimated $3.52M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2016 was Royal Bank of Canada, an estimated $4.13M sold.

Based on aggregated 13F filings for Q1 2016.