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Direxion Daily S&P 500 Bull 3x ETF
SPXL

95 hedge funds and large institutions have $475M invested in Direxion Daily S&P 500 Bull 3x ETF in 2023 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 25 increasing their positions, 23 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more call options, than puts

Call options by funds: $97.4M | Put options by funds: $61.5M

23% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 22

6% more capital invested

Capital invested by funds: $448M → $475M (+$27.5M)

4% more funds holding

Funds holding: 91 → 95 (+4)

9% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 23

2.4% less ownership

Funds ownership: 14.87% → 12.47% (-2.4%)

11% less funds holding in top 10

Funds holding in top 10: 9 → 8 (-1)

Holders
95
Holders Change
+4
Holders Change %
+4.4%
% of All Funds
1.49%
Holding in Top 10
8
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-11.11%
% of All Funds
0.13%
New
27
Increased
25
Reduced
23
Closed
22
Calls
$97.4M
Puts
$61.5M
Net Calls
+$35.9M
Net Calls Change
-$46.4M

Top Buyers

1
HCM
Howard Capital Management
Georgia
+$17.5M
2
JF
Jump Financial
Illinois
+$6.16M
3
BCI
Brinker Capital Investments
Pennsylvania
+$4.74M
4
OPS
Orion Portfolio Solutions
Nebraska
+$4.74M
5
G
Gainplan
Michigan
+$3.48M

Top Sellers

1
PIS
PPSC Investment Service
Japan
-$24.4M
2
Citadel Advisors
Citadel Advisors
Florida
-$23.7M
3
PA
Paragon Advisors
Texas
-$16.9M
4
IMC Chicago
IMC Chicago
Illinois
-$11.6M
5
NAM
Nexpoint Asset Management
Texas
-$10.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
26
Spire Wealth Management
Virginia
$1.43M -$722K -9,309 -37%
TCM
27
Traynor Capital Management
Pennsylvania
$1.42M +$132K +1,707 +12%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$1.03M +$354K +4,564 +66%
Walleye Capital
29
Walleye Capital
New York
$955K +$822K +10,608 New
Wolverine Trading
30
Wolverine Trading
Illinois
$923K -$2.43M -31,330 -75%
STA
31
Summit Trail Advisors
New York
$917K – – –
MCA
32
Millennium Capital Advisors
Arkansas
$917K +$123K +1,586 +18%
HighTower Advisors
33
HighTower Advisors
Illinois
$851K +$63K +812 +9%
PEP
34
Pickering Energy Partners
Texas
$828K +$713K +9,200 New
Lido Advisors
35
Lido Advisors
California
$790K -$153K -1,977 -18%
EP
36
Edgestream Partners
New Jersey
$735K +$633K +8,163 New
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$727K -$255K -3,291 -29%
Bank of Montreal
38
Bank of Montreal
Ontario, Canada
$521K – – –
C
39
Covestor
United Kingdom
$496K +$68.4K +882 +19%
KFS
40
Kelly Financial Services
Massachusetts
$493K +$23.7K +306 +6%
IA
41
IFP Advisors
Florida
$475K +$397K +5,115 +3,100%
SFS
42
Summit Financial Strategies
Ohio
$455K – – –
Creative Planning
43
Creative Planning
Kansas
$454K -$311K -4,007 -44%
FTUS
44
Flow Traders U.S.
New York
$449K -$732K -9,440 -65%
BIP
45
Blueprint Investment Partners
North Carolina
$434K -$85.1K -1,098 -19%
Two Sigma Investments
46
Two Sigma Investments
New York
$401K +$346K +4,460 New
AI
47
AXS Investments
New York
$398K +$343K +4,425 New
HI
48
Harbour Investments
Wisconsin
$370K – – –
NWM
49
Navigation Wealth Management
Colorado
$353K +$4.26K +55 +1%
National Bank of Canada
50
National Bank of Canada
Quebec, Canada
$347K +$256K +3,300 +600%
1
2
3 4 5

SPXL Hedge Fund Activity: Q2 2023 in Review

95 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2023, worth a combined $475M — up 6.1% from $448M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new SPXL positions and 22 closed out — a net gain of 5 holders — while 25 added to existing stakes and 23 trimmed.

The largest buyer was Howard Capital Management, opening a new position worth an estimated $17.5M. The largest seller was PPSC Investment Service, cutting an estimated $24.4M.

  • 95 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2023, up from 91 in Q1 2023.
  • Funds reported $475M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2023, up 6.1% quarter-over-quarter.
  • 27 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2023 and 22 closed out, a net change of +5 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2023 was Howard Capital Management, an estimated $17.5M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2023 was PPSC Investment Service, an estimated $24.4M sold.

Based on aggregated 13F filings for Q2 2023.