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Direxion Daily S&P 500 Bull 3x ETF
SPXL

74 hedge funds and large institutions have $73.1M invested in Direxion Daily S&P 500 Bull 3x ETF in 2021 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more call options, than puts

Call options by funds: $146M | Put options by funds: $145M

2.43% less ownership

Funds ownership: 7.06% → 4.63% (-2.4%)

5% less funds holding

Funds holding: 78 → 74 (-4)

11% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 27

32% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 19

39% less capital invested

Capital invested by funds: $120M → $73.1M (-$47M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
74
Holders Change
-4
Holders Change %
-5.13%
% of All Funds
1.3%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
24
Increased
13
Reduced
19
Closed
27
Calls
$146M
Puts
$145M
Net Calls
+$899K
Net Calls Change
-$160M

Top Buyers

Rank Fund Capital Flow
1
Simplex Trading
Simplex Trading
Illinois
+$4.43M
2
Wolverine Trading
Wolverine Trading
Illinois
+$3.59M
3
WAM
Wolverine Asset Management
Illinois
+$2.91M
4
Citadel Advisors
Citadel Advisors
Florida
+$2.1M
5
CG
Cutler Group
California
+$1.65M

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$23.9M
2
G
Gainplan
Michigan
-$12.8M
3
IMC Chicago
IMC Chicago
Illinois
-$10.2M
4
TRCT
Tower Research Capital (TRC)
New York
-$4.26M
5
LSA
Lion Street Advisors
Texas
-$2.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
IC
26
Inscription Capital
Texas
$765K -$78.5K -1,000 -10%
AI
27
AXS Investments
New York
$752K +$695K +8,850 New
Zurich Cantonal Bank
28
Zurich Cantonal Bank
Switzerland
$640K -$122K -1,554 -17%
Vontobel Holding
29
Vontobel Holding
Switzerland
$568K +$525K +6,690 New
TRCT
30
Tower Research Capital (TRC)
New York
$506K -$4.26M -54,333 -90%
BOTW
31
Bank of the West
California
$491K – – –
KFS
32
Kelly Financial Services
Massachusetts
$438K -$56.7K -722 -12%
Creative Planning
33
Creative Planning
Kansas
$417K +$52K +662 +16%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$389K +$102K +1,300 +40%
IWP
35
Insight Wealth Partners
Texas
$388K -$97.7K -1,245 -21%
SFS
36
Summit Financial Strategies
Ohio
$354K +$15.7K +200 +5%
HI
37
Harbour Investments
Wisconsin
$348K +$322K +4,102 New
SWM
38
Spire Wealth Management
Virginia
$339K +$313K +3,985 New
SWA
39
Stratos Wealth Advisors
Ohio
$320K -$37.5K -478 -11%
BRWA
40
B. Riley Wealth Advisors
Florida
$308K +$284K +3,623 New
CIBC Private Wealth Group
41
CIBC Private Wealth Group
Georgia
$290K – – –
CAM
42
Cresset Asset Management
Illinois
$255K – – –
CW
43
CreativeOne Wealth
Kansas
$250K +$231K +2,943 New
BFG
44
Bouchey Financial Group
New York
$247K +$228K +2,910 New
TSS
45
Two Sigma Securities
New York
$244K -$521K -6,637 -70%
6F
46
626 Financial
Michigan
$240K +$157K +2,000 New
BAIA
47
Bel Air Investment Advisors
California
$227K +$209K +2,668 New
IWS
48
Insight Wealth Strategies
California
$226K +$208K +2,656 New
CAPTRUST Financial Advisors
49
CAPTRUST Financial Advisors
North Carolina
$222K -$25.7K -327 -11%
CPO
50
Cerity Partners OCIO
New York
$222K +$205K +2,615 New
1
2
3 4 5

SPXL Hedge Fund Activity: Q1 2021 in Review

74 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2021, worth a combined $73.1M — down 39% from $120M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of SPXL and 24 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 13 added.

The largest buyer was Simplex Trading, adding an estimated $4.43M. The largest seller was Susquehanna International Group, cutting an estimated $23.9M.

  • 74 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2021, down from 78 in Q4 2020.
  • Funds reported $73.1M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2021, down 39% quarter-over-quarter.
  • 24 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2021 and 27 closed out, a net change of -3 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2021 was Simplex Trading, an estimated $4.43M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2021 was Susquehanna International Group, an estimated $23.9M sold.

Based on aggregated 13F filings for Q1 2021.