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Direxion Daily S&P 500 Bull 3x ETF
SPXL

91 hedge funds and large institutions have $448M invested in Direxion Daily S&P 500 Bull 3x ETF in 2023 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more call options, than puts

Call options by funds: $146M | Put options by funds: $63.5M

27% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 15

5% more capital invested

Capital invested by funds: $425M → $448M (+$22.9M)

8% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 24

1% less funds holding

Funds holding: 92 → 91 (-1)

1.93% less ownership

Funds ownership: 16.8% → 14.87% (-1.9%)

10% less funds holding in top 10

Funds holding in top 10: 10 → 9 (-1)

Holders
91
Holders Change
-1
Holders Change %
-1.09%
% of All Funds
1.45%
Holding in Top 10
9
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-10%
% of All Funds
0.14%
New
19
Increased
26
Reduced
24
Closed
15
Calls
$146M
Puts
$63.5M
Net Calls
+$82.3M
Net Calls Change
+$42.6M

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$25.9M
2
PIS
PPSC Investment Service
Japan
+$14.8M
3
G
Gainplan
Michigan
+$10M
4
VF
Virtu Financial
New York
+$2.93M
5
TRCT
Tower Research Capital (TRC)
New York
+$1.88M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$69.8M
2
HF
HRT Financial
New York
-$13.4M
3
IAM
Impala Asset Management
Florida
-$6.64M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.56M
5
ATPW
Ashton Thomas Private Wealth
Arizona
-$3.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
26
Traynor Capital Management
Pennsylvania
$1.03M +$78.6K +1,138 +9%
UBS Group
27
UBS Group
Switzerland
$1.01M +$42.1K +609 +5%
JF
28
Jump Financial
Illinois
$836K +$789K +11,429 New
Envestnet Asset Management
29
Envestnet Asset Management
Illinois
$832K -$35.6K -515 -4%
Lido Advisors
30
Lido Advisors
California
$787K +$743K +10,754 New
STA
31
Summit Trail Advisors
New York
$746K – – –
Creative Planning
32
Creative Planning
Kansas
$663K +$139K +2,008 +28%
HighTower Advisors
33
HighTower Advisors
Illinois
$635K -$35.6K -516 -6%
MCA
34
Millennium Capital Advisors
Arkansas
$629K +$261K +3,777 +78%
CWC
35
Carolinas Wealth Consulting
North Carolina
$601K +$2.35K +34 +0.4%
Parallax Volatility Advisers
36
Parallax Volatility Advisers
California
$583K +$146K +2,116 +36%
BIP
37
Blueprint Investment Partners
North Carolina
$433K +$409K +5,918 New
Bank of Montreal
38
Bank of Montreal
Ontario, Canada
$423K +$398K +5,758 +26,173%
KFS
39
Kelly Financial Services
Massachusetts
$379K -$484 -7 -0.1%
SFS
40
Summit Financial Strategies
Ohio
$370K – – –
C
41
Covestor
United Kingdom
$339K -$162K -2,341 -34%
GC
42
GFG Capital
Florida
$311K – – –
HI
43
Harbour Investments
Wisconsin
$301K – – –
HT
44
Headlands Technologies
Illinois
$285K +$269K +3,888 New
NWM
45
Navigation Wealth Management
Colorado
$283K +$267K +3,870 New
SWA
46
Stratos Wealth Advisors
Ohio
$276K +$69 +1 +0%
NC
47
NovaPoint Capital
Georgia
$270K +$255K +3,685 New
MFA
48
Millington Financial Advisors
Illinois
$264K +$1.04K +15 +0.4%
KP
49
Keel Point
Alabama
$258K – – –
PS
50
PayPay Securities
Japan
$248K -$4.01K -58 -2%
1
2
3 4 5

SPXL Hedge Fund Activity: Q1 2023 in Review

91 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2023, worth a combined $448M — up 5.4% from $425M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new SPXL positions and 15 closed out — a net gain of 4 holders — while 26 added to existing stakes and 24 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $25.9M. The largest seller was Goldman Sachs, cutting an estimated $69.8M.

  • 91 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2023, down from 92 in Q4 2022.
  • Funds reported $448M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2023, up 5.4% quarter-over-quarter.
  • 19 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2023 and 15 closed out, a net change of +4 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2023 was Citadel Advisors, an estimated $25.9M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2023 was Goldman Sachs, an estimated $69.8M sold.

Based on aggregated 13F filings for Q1 2023.