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Direxion Daily S&P 500 Bull 3x ETF
SPXL

101 hedge funds and large institutions have $428M invested in Direxion Daily S&P 500 Bull 3x ETF in 2023 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 30 increasing their positions, 25 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 16

37% more call options, than puts

Call options by funds: $98.9M | Put options by funds: $72.1M

20% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 25

6% more funds holding

Funds holding: 95 → 101 (+6)

1.47% more ownership

Funds ownership: 12.47% → 13.94% (+1.5%)

10% less capital invested

Capital invested by funds: $475M → $428M (-$46.7M)

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

Holders
101
Holders Change
+6
Holders Change %
+6.32%
% of All Funds
1.6%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.1%
New
24
Increased
30
Reduced
25
Closed
16
Calls
$98.9M
Puts
$72.1M
Net Calls
+$26.8M
Net Calls Change
-$9.15M

Top Buyers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
+$24.3M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$15.4M
3
JF
Jump Financial
Illinois
+$6.41M
4
PFO
Pathstone Family Office
New Jersey
+$4.8M
5
SWM
Spire Wealth Management
Virginia
+$2.25M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$16M
2
Jane Street
Jane Street
New York
-$8.71M
3
PIS
PPSC Investment Service
Japan
-$5.43M
4
G
Gainplan
Michigan
-$5.38M
5
Simplex Trading
Simplex Trading
Illinois
-$3.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
TSS
26
Two Sigma Securities
New York
$1.5M +$1.38M +15,461 +413%
XS
27
XR Securities
Illinois
$1.42M +$1.63M +18,202 New
TCM
28
Traynor Capital Management
Pennsylvania
$1.31M +$87.7K +981 +6%
LFA
29
LifeGuide Financial Advisors
Pennsylvania
$1.15M -$115K -1,289 -8%
FAIM
30
Financial Advocates Investment Management
Washington
$1.15M +$1.31M +14,691 New
EP
31
Edgestream Partners
New Jersey
$909K +$309K +3,456 +42%
STA
32
Summit Trail Advisors
New York
$797K – – –
MCA
33
Millennium Capital Advisors
Arkansas
$797K – – –
VF
34
Virtu Financial
New York
$735K +$840K +9,394 New
Lido Advisors
35
Lido Advisors
California
$686K – – –
Bank of Nova Scotia
36
Bank of Nova Scotia
Ontario, Canada
$656K +$751K +8,400 New
CG
37
Cutler Group
California
$624K +$570K +6,371 +393%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$599K -$337K -3,773 -33%
JP Morgan Chase
39
JP Morgan Chase
New York
$560K -$1.66M -18,613 -72%
HighTower Advisors
40
HighTower Advisors
Illinois
$546K -$221K -2,466 -26%
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
$526K -$121K -1,354 -17%
LWM
42
Laidlaw Wealth Management
New York
$493K +$564K +6,303 New
KWA
43
Kingswood Wealth Advisors
California
$484K +$554K +6,193 New
DS
44
DRW Securities
Illinois
$443K +$507K +5,670 New
KFS
45
Kelly Financial Services
Massachusetts
$431K +$2.33K +26 +0.5%
Creative Planning
46
Creative Planning
Kansas
$406K +$12.7K +142 +3%
SFS
47
Summit Financial Strategies
Ohio
$395K – – –
IA
48
IFP Advisors
Florida
$388K -$28.1K -314 -6%
C
49
Covestor
United Kingdom
$385K -$52.2K -584 -11%
TMC
50
Trellus Management Company
Florida
$352K +$402K +4,500 New
1
2
3 4 5

SPXL Hedge Fund Activity: Q3 2023 in Review

101 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2023, worth a combined $428M — down 9.8% from $475M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new SPXL positions and 16 closed out — a net gain of 8 holders — while 30 added to existing stakes and 25 trimmed.

The largest buyer was IMC Chicago, opening a new position worth an estimated $24.3M. The largest seller was Citadel Advisors, cutting an estimated $16M.

  • 101 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2023, up from 95 in Q2 2023.
  • Funds reported $428M of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2023, down 9.8% quarter-over-quarter.
  • 24 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2023 and 16 closed out, a net change of +8 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2023 was IMC Chicago, an estimated $24.3M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2023 was Citadel Advisors, an estimated $16M sold.

Based on aggregated 13F filings for Q3 2023.