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Direxion Daily S&P 500 Bull 3x ETF
SPXL

78 hedge funds and large institutions have $120M invested in Direxion Daily S&P 500 Bull 3x ETF in 2020 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 8

100% more capital invested

Capital invested by funds: $60.2M → $120M (+$60M)

99% more call options, than puts

Call options by funds: $323M | Put options by funds: $162M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

30% more funds holding

Funds holding: 60 → 78 (+18)

2.89% more ownership

Funds ownership: 4.17% → 7.06% (+2.9%)

14% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 22

Holders
78
Holders Change
+18
Holders Change %
+30%
% of All Funds
1.38%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
26
Increased
19
Reduced
22
Closed
8
Calls
$323M
Puts
$162M
Net Calls
+$161M
Net Calls Change
-$16.6M

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$22.7M
2
G
Gainplan
Michigan
+$11.3M
3
Simplex Trading
Simplex Trading
Illinois
+$7.53M
4
Morgan Stanley
Morgan Stanley
New York
+$3.06M
5
LSA
Lion Street Advisors
Texas
+$2M

Top Sellers

Rank Fund Capital Flow
1
PA
Paracle Advisors
Washington
-$8.79M
2
WAM
Wolverine Asset Management
Illinois
-$2.52M
3
VF
Virtu Financial
New York
-$2.47M
4
Jane Street
Jane Street
New York
-$2.21M
5
CG
Cutler Group
California
-$1.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
SBL
26
Sargent Bickham Lagudis
Colorado
$739K +$9.29K +150 +1%
Mercer Global Advisors
27
Mercer Global Advisors
Colorado
$727K +$623K +10,067 New
IC
28
Inscription Capital
Texas
$723K – – –
TSS
29
Two Sigma Securities
New York
$687K -$1M -16,196 -63%
Zurich Cantonal Bank
30
Zurich Cantonal Bank
Switzerland
$653K +$569K +9,188 New
FHC
31
First Horizon Corporation
Tennessee
$485K +$297K +4,793 +248%
DS
32
DRW Securities
Illinois
$442K +$379K +6,121 New
KFS
33
Kelly Financial Services
Massachusetts
$424K -$23.1K -373 -6%
IWP
34
Insight Wealth Partners
Texas
$420K -$3.1K -50 -0.9%
BOTW
35
Bank of the West
California
$418K -$84.6K -1,367 -19%
WSTAM
36
Wilbanks Smith & Thomas Asset Management
Virginia
$345K +$296K +4,775 New
QC
37
QCM Cayman
Texas
$340K +$124 +2 +0%
TWA
38
TPB Wealth Advisors
Texas
$310K +$263K +4,250 New
Creative Planning
39
Creative Planning
Kansas
$307K -$613K -9,893 -70%
SWA
40
Stratos Wealth Advisors
Ohio
$307K +$929 +15 +0.4%
SFS
41
Summit Financial Strategies
Ohio
$286K -$57.2K -924 -19%
CIBC Private Wealth Group
42
CIBC Private Wealth Group
Georgia
$247K +$211K +3,413 New
Citigroup
43
Citigroup
New York
$246K +$211K +3,400 New
CA
44
Clearstead Advisors
Ohio
$240K – – –
Commonwealth Equity Services
45
Commonwealth Equity Services
Massachusetts
$236K -$74.9K -1,210 -27%
HighTower Advisors
46
HighTower Advisors
Illinois
$227K +$193K +3,119 New
FI
47
FormulaFolio Investments
Michigan
$227K +$194K +3,137 New
BCM
48
Brookstone Capital Management
Illinois
$225K +$193K +3,113 New
HS
49
Haafor (Singapore)
Singapore
$223K -$73.1K -1,180 -28%
CHAM
50
Clear Harbor Asset Management
Connecticut
$217K – – –
1
2
3 4

SPXL Hedge Fund Activity: Q4 2020 in Review

78 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q4 2020, worth a combined $120M — up 100% from $60.2M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new SPXL positions and 8 closed out — a net gain of 18 holders — while 19 added to existing stakes and 22 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $22.7M. The largest seller was Paracle Advisors, cutting an estimated $8.79M.

  • 78 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q4 2020, up from 60 in Q3 2020.
  • Funds reported $120M of Direxion Daily S&P 500 Bull 3x ETF stock for Q4 2020, up 100% quarter-over-quarter.
  • 26 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q4 2020 and 8 closed out, a net change of +18 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q4 2020 was Susquehanna International Group, an estimated $22.7M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q4 2020 was Paracle Advisors, an estimated $8.79M sold.

Based on aggregated 13F filings for Q4 2020.