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Direxion Daily S&P 500 Bull 3x ETF
SPXL

49 hedge funds and large institutions have $51.1M invested in Direxion Daily S&P 500 Bull 3x ETF in 2018 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more call options, than puts

Call options by funds: $42M | Put options by funds: $27.2M

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

1.16% less ownership

Funds ownership: 6.71% → 5.55% (-1.2%)

2% less funds holding

Funds holding: 50 → 49 (-1)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

25% less capital invested

Capital invested by funds: $67.7M → $51.1M (-$16.6M)

44% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 16

Holders
49
Holders Change
-1
Holders Change %
-2%
% of All Funds
1.12%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
8
Increased
9
Reduced
16
Closed
9
Calls
$42M
Puts
$27.2M
Net Calls
+$14.7M
Net Calls Change
+$18.9M

Top Buyers

1
TRCT
Tower Research Capital (TRC)
New York
+$2.9M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.84M
3
TSS
Two Sigma Securities
New York
+$798K
4
BOTW
Bank of the West
California
+$535K
5
WA
Wealthstar Advisors
Texas
+$516K

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$9.67M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$6.39M
3
Two Sigma Investments
Two Sigma Investments
New York
-$3.83M
4
PFM
Probabilities Fund Management
New York
-$3.68M
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$2.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
MOS
26
MGO One Seven
Ohio
$209K +$197K +3,855 New
AG
27
Advisor Group
Arizona
$195K +$54.5K +1,069 +42%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$168K -$146K -2,867 -48%
PCG
29
Private Capital Group
Connecticut
$121K – – –
Simplex Trading
30
Simplex Trading
Illinois
$109K -$1.07M -21,019 -91%
CAPTRUST Financial Advisors
31
CAPTRUST Financial Advisors
North Carolina
$99K +$2.55K +50 +3%
DSI
32
Daiwa SB Investments
Japan
$85K +$18.4K +360 +30%
SIS
33
Sound Income Strategies
Florida
$62K +$58.1K +1,138 New
FDCDDQ
34
Federation des caisses Desjardins du Quebec
Quebec, Canada
$60.8K -$88.5K -1,735 -61%
TPWA
35
TRUE Private Wealth Advisors
Oregon
$34.6K +$32.4K +636 New
AIM
36
Anchor Investment Management
South Carolina
$27.2K – – –
IA
37
IFP Advisors
Florida
$27K – – –
VFA
38
Valeo Financial Advisors
Indiana
$26K – – –
Bank of America
39
Bank of America
North Carolina
$22K – – –
US Bancorp
40
US Bancorp
Minnesota
$14K – – –
AC
41
Avestar Capital
New York
$8K – – –
ASN
42
Advisory Services Network
Georgia
$8K +$5.05K +99 +177%
WAM
43
Wolverine Asset Management
Illinois
$5K -$465K -9,124 -99%
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$5K +$5.1K +100 New
UBS Group
45
UBS Group
Switzerland
$4K +$3.88K +76 New
KL
46
KWMG LLC
Kansas
$2K – – –
JGIA
47
Jackson Grant Investment Advisers
Connecticut
$1K – – –
ED
48
Exane Derivatives
France
$54 – – –
Citadel Advisors
49
Citadel Advisors
Florida
– -$9.67M -189,625 Closed
Two Sigma Investments
50
Two Sigma Investments
New York
– -$3.83M -86,000 Closed
1
2
3

SPXL Hedge Fund Activity: Q3 2018 in Review

49 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2018, worth a combined $51.1M — down 25% from $67.7M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of SPXL and 8 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 9 added.

The largest buyer was Tower Research Capital (TRC), adding an estimated $2.9M. The largest seller was Citadel Advisors, exiting entirely with an estimated $9.67M sold.

  • 49 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2018, down from 50 in Q2 2018.
  • Funds reported $51.1M of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2018, down 25% quarter-over-quarter.
  • 8 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2018 and 9 closed out, a net change of -1 holder.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2018 was Tower Research Capital (TRC), an estimated $2.9M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2018 was Citadel Advisors, an estimated $9.67M sold.

Based on aggregated 13F filings for Q3 2018.