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Direxion Daily S&P 500 Bull 3x ETF
SPXL

65 hedge funds and large institutions have $83.4M invested in Direxion Daily S&P 500 Bull 3x ETF in 2020 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 10 increasing their positions, 19 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more call options, than puts

Call options by funds: $206M | Put options by funds: $146M

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

2.86% less ownership

Funds ownership: 8.48% → 5.62% (-2.9%)

11% less funds holding

Funds holding: 73 → 65 (-8)

16% less capital invested

Capital invested by funds: $98.9M → $83.4M (-$15.4M)

28% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 25

47% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 19

Holders
65
Holders Change
-8
Holders Change %
-10.96%
% of All Funds
1.33%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.08%
New
18
Increased
10
Reduced
19
Closed
25
Calls
$206M
Puts
$146M
Net Calls
+$59.6M
Net Calls Change
+$48.5M

Top Buyers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
+$16.4M
2
G
Gainplan
Michigan
+$6.35M
3
DS
DRW Securities
Illinois
+$3.16M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.07M
5
HF
HRT Financial
New York
+$1.44M

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$19.4M
2
IWP
Insight Wealth Partners
Texas
-$16.3M
3
Citadel Advisors
Citadel Advisors
Florida
-$13.5M
4
Jane Street
Jane Street
New York
-$10.2M
5
WAM
Wolverine Asset Management
Illinois
-$7.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
26
Citigroup
New York
$293K +$257K +7,000 New
KFS
27
Kelly Financial Services
Massachusetts
$274K -$550 -15 -0.2%
FMBTD
28
First Midwest Bank Trust Division
Illinois
$252K -$105K -2,875 -32%
SG Americas Securities
29
SG Americas Securities
New York
$209K +$183K +5,000 New
SFS
30
Summit Financial Strategies
Ohio
$204K +$179K +4,889 New
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$202K -$216K -5,878 -55%
TPWA
32
TRUE Private Wealth Advisors
Oregon
$148K -$55K -1,499 -30%
CA
33
Clearstead Advisors
Ohio
$139K +$122K +3,323 New
Fifth Third Bancorp
34
Fifth Third Bancorp
Ohio
$125K – – –
CAPTRUST Financial Advisors
35
CAPTRUST Financial Advisors
North Carolina
$125K +$108K +2,943 New
FDCDDQ
36
Federation des caisses Desjardins du Quebec
Quebec, Canada
$124K -$171K -4,670 -61%
IBOK
37
Independence Bank of Kentucky
Kentucky
$112K – – –
SIS
38
Sound Income Strategies
Florida
$112K – – –
NICM
39
Neo Ivy Capital Management
New York
$88K – – –
HFM
40
Hartford Financial Management
Connecticut
$63K -$60.2K -1,640 -52%
JP Morgan Chase
41
JP Morgan Chase
New York
$55K -$55.7K -1,517 -53%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$46K -$4.77K -130 -11%
PAG
43
Private Advisor Group
New Jersey
$45K +$39.7K +1,081 New
RG
44
Retirement Group
California
$44K +$38.5K +1,050 New
LFG
45
Larson Financial Group
Missouri
$42K +$36.7K +1,001 New
PCG
46
Private Capital Group
Connecticut
$35K – – –
AIM
47
Anchor Investment Management
South Carolina
$30.9K +$27.2K +740 New
SFS
48
Sowell Financial Services
Arkansas
$19K -$16.8K -457 -50%
HNB
49
Huntington National Bank
Ohio
$18K – – –
Bank of America
50
Bank of America
North Carolina
$17K -$36.5K -995 -71%
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SPXL Hedge Fund Activity: Q2 2020 in Review

65 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2020, worth a combined $83.4M — down 16% from $98.9M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of SPXL and 18 opened new positions — a net loss of 7 holders — while 19 trimmed existing stakes and 10 added.

The largest buyer was IMC Chicago, opening a new position worth an estimated $16.4M. The largest seller was Susquehanna International Group, cutting an estimated $19.4M.

  • 65 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2020, down from 73 in Q1 2020.
  • Funds reported $83.4M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2020, down 16% quarter-over-quarter.
  • 18 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2020 and 25 closed out, a net change of -7 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2020 was IMC Chicago, an estimated $16.4M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2020 was Susquehanna International Group, an estimated $19.4M sold.

Based on aggregated 13F filings for Q2 2020.