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Direxion Daily S&P 500 Bull 3x ETF
SPXL

53 hedge funds and large institutions have $108M invested in Direxion Daily S&P 500 Bull 3x ETF in 2019 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more capital invested

Capital invested by funds: $75.1M → $108M (+$32.9M)

27% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 11

4% more funds holding

Funds holding: 51 → 53 (+2)

1.7% more ownership

Funds ownership: 7.99% → 9.69% (+1.7%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

64% less call options, than puts

Call options by funds: $84.1M | Put options by funds: $231M

Holders
53
Holders Change
+2
Holders Change %
+3.92%
% of All Funds
1.04%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
14
Increased
9
Reduced
12
Closed
11
Calls
$84.1M
Puts
$231M
Net Calls
-$147M
Net Calls Change
+$636K

Top Buyers

1
VF
Virtu Financial
New York
+$22.7M
2
IMC Chicago
IMC Chicago
Illinois
+$8.62M
3
Simplex Trading
Simplex Trading
Illinois
+$6.13M
4
TRCT
Tower Research Capital (TRC)
New York
+$2.63M
5
CG
Cutler Group
California
+$2.08M

Top Sellers

1
AssetMark Inc
AssetMark Inc
California
-$8.78M
2
Citadel Advisors
Citadel Advisors
Florida
-$4.78M
3
MHS
M Holdings Securities
Oregon
-$3.9M
4
DS
DRW Securities
Illinois
-$3.41M
5
TSS
Two Sigma Securities
New York
-$2.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWA
26
Stratos Wealth Advisors
Ohio
$346K – – –
SFS
27
Summit Financial Strategies
Ohio
$338K – – –
CIBC Private Wealth Group
28
CIBC Private Wealth Group
Georgia
$333K – – –
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$278K +$63.1K +1,090 +35%
MOS
30
MGO One Seven
Ohio
$258K – – –
SHIM
31
Stone House Investment Management
Pennsylvania
$244K +$214K +3,689 New
Creative Planning
32
Creative Planning
Kansas
$239K +$210K +3,619 New
CA
33
Clearstead Advisors
Ohio
$234K +$205K +3,541 New
WCM
34
Whitener Capital Management
North Carolina
$229K +$4.92K +85 +3%
BBVA
35
Banco Bilbao Vizcaya Argentaria
Spain
$201K +$176K +3,043 New
SIS
36
Sound Income Strategies
Florida
$176K +$58 +1 +0%
IA
37
IFP Advisors
Florida
$95K +$71.5K +1,235 +611%
AG
38
Advisor Group
Arizona
$73K -$3.3K -57 -5%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$63K – – –
PCG
40
Private Capital Group
Connecticut
$56K – – –
TPWA
41
TRUE Private Wealth Advisors
Oregon
$56K +$49.1K +848 New
VFA
42
Valeo Financial Advisors
Indiana
$40K – – –
SL
43
Savior LLC
Massachusetts
$31K +$27.1K +467 New
Bank of America
44
Bank of America
North Carolina
$27K -$254K -4,377 -91%
RFA
45
Reilly Financial Advisors
California
$26K – – –
IBOK
46
Independence Bank of Kentucky
Kentucky
$21K – – –
William Blair & Company
47
William Blair & Company
Illinois
$10K – – –
Carson Wealth (CWM LLC)
48
Carson Wealth (CWM LLC)
Nebraska
$9K – – –
APA
49
American Portfolios Advisors
New York
$5.92K +$58 +1 +1%
VCP
50
Verus Capital Partners
Arizona
$2K +$1.62K +28 New
1
2
3

SPXL Hedge Fund Activity: Q4 2019 in Review

53 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q4 2019, worth a combined $108M — up 44% from $75.1M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SPXL positions and 11 closed out — a net gain of 3 holders — while 9 added to existing stakes and 12 trimmed.

The largest buyer was Virtu Financial, adding an estimated $22.7M. The largest seller was AssetMark Inc, exiting entirely with an estimated $8.78M sold.

  • 53 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q4 2019, up from 51 in Q3 2019.
  • Funds reported $108M of Direxion Daily S&P 500 Bull 3x ETF stock for Q4 2019, up 44% quarter-over-quarter.
  • 14 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q4 2019 and 11 closed out, a net change of +3 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q4 2019 was Virtu Financial, an estimated $22.7M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q4 2019 was AssetMark Inc, an estimated $8.78M sold.

Based on aggregated 13F filings for Q4 2019.