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Direxion Daily S&P 500 Bull 3x ETF
SPXL

86 hedge funds and large institutions have $331M invested in Direxion Daily S&P 500 Bull 3x ETF in 2022 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 27 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more call options, than puts

Call options by funds: $135M | Put options by funds: $39.8M

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

36% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 14

29% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 21

6% more funds holding

Funds holding: 81 → 86 (+5)

1.88% more ownership

Funds ownership: 14.76% → 16.64% (+1.9%)

32% less capital invested

Capital invested by funds: $487M → $331M (-$156M)

Holders
86
Holders Change
+5
Holders Change %
+6.17%
% of All Funds
1.48%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.12%
New
19
Increased
27
Reduced
21
Closed
14
Calls
$135M
Puts
$39.8M
Net Calls
+$95.3M
Net Calls Change
+$69.5M

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$51.2M
2
MS
Mizuho Securities
Japan
+$25.3M
3
IAM
Impala Asset Management
Florida
+$23M
4
JC
JBF Capital
Colorado
+$12.9M
5
EFI
EHP Funds Inc
Canada
+$11.6M

Top Sellers

Rank Fund Capital Flow
1
NAM
Nexpoint Asset Management
Texas
-$15M
2
JF
Jump Financial
Illinois
-$14.7M
3
Simplex Trading
Simplex Trading
Illinois
-$4.46M
4
HF
HRT Financial
New York
-$4.02M
5
Squarepoint
Squarepoint
New York
-$3.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
QT
26
Quantbot Technologies
New York
$905K +$1.28M +16,900 New
FTUS
27
Flow Traders U.S.
New York
$879K +$1.24M +16,407 New
Envestnet Asset Management
28
Envestnet Asset Management
Illinois
$864K +$175K +2,311 +17%
UBS Group
29
UBS Group
Switzerland
$764K +$867K +11,475 +411%
HF
30
HRT Financial
New York
$692K -$4.02M -53,198 -80%
WWM
31
Westwood Wealth Management
California
$561K +$369K +4,880 +87%
STA
32
Summit Trail Advisors
New York
$546K – – –
RC
33
RBF Capital
California
$536K +$755K +10,000 New
OMC
34
Old Mission Capital
Illinois
$520K +$370K +4,900 +102%
Qube Research & Technologies (QRT)
35
Qube Research & Technologies (QRT)
United Kingdom
$500K +$671K +8,878 +1,922%
CS
36
Credit Suisse
Switzerland
$490K +$323K +4,283 +88%
SBL
37
Sargent Bickham Lagudis
Colorado
$470K -$4.15K -55 -0.6%
HighTower Advisors
38
HighTower Advisors
Illinois
$466K -$487K -6,450 -43%
CWC
39
Carolinas Wealth Consulting
North Carolina
$438K +$72K +953 +13%
IC
40
Inscription Capital
Texas
$321K +$453K +6,000 New
BOTW
41
Bank of the West
California
$310K – – –
HI
42
Harbour Investments
Wisconsin
$270K – – –
MCA
43
Millennium Capital Advisors
Arkansas
$258K – – –
SFS
44
Summit Financial Strategies
Ohio
$257K – – –
KFS
45
Kelly Financial Services
Massachusetts
$256K +$26.1K +346 +8%
Wolverine Trading
46
Wolverine Trading
Illinois
$245K +$93.1K +1,232 +39%
ETIA
47
Epic Trust Investment Advisors
Washington
$236K +$333K +4,406 New
Commonwealth Equity Services
48
Commonwealth Equity Services
Massachusetts
$224K +$28.7K +380 +10%
SWA
49
Stratos Wealth Advisors
Ohio
$205K -$8.91K -118 -3%
CP
50
Castleview Partners
Texas
$188K +$264K +3,500 New
1
2
3 4

SPXL Hedge Fund Activity: Q3 2022 in Review

86 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2022, worth a combined $331M — down 32% from $487M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new SPXL positions and 14 closed out — a net gain of 5 holders — while 27 added to existing stakes and 21 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $51.2M. The largest seller was Nexpoint Asset Management, cutting an estimated $15M.

  • 86 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2022, up from 81 in Q2 2022.
  • Funds reported $331M of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2022, down 32% quarter-over-quarter.
  • 19 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2022 and 14 closed out, a net change of +5 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2022 was Susquehanna International Group, an estimated $51.2M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2022 was Nexpoint Asset Management, an estimated $15M sold.

Based on aggregated 13F filings for Q3 2022.