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Direxion Daily S&P 500 Bull 3x ETF
SPXL

109 hedge funds and large institutions have $567M invested in Direxion Daily S&P 500 Bull 3x ETF in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 25 increasing their positions, 33 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

147% more call options, than puts

Call options by funds: $185M | Put options by funds: $74.7M

67% more funds holding in top 10

Funds holding in top 10: 6 → 10 (+4)

48% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 21

32% more capital invested

Capital invested by funds: $428M → $567M (+$138M)

8% more funds holding

Funds holding: 101 → 109 (+8)

0.24% more ownership

Funds ownership: 13.94% → 14.19% (+0.24%)

24% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 33

Holders
109
Holders Change
+8
Holders Change %
+7.92%
% of All Funds
1.59%
Holding in Top 10
10
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+66.67%
% of All Funds
0.15%
New
31
Increased
25
Reduced
33
Closed
21
Calls
$185M
Puts
$74.7M
Net Calls
+$110M
Net Calls Change
+$83.2M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$64.1M
2
RAM
Revere Asset Management
Texas
+$11.5M
3
VF
Virtu Financial
New York
+$9.6M
4
GCIM
Gunn & Company Investment Management
Florida
+$4.6M
5
OCM
Ogborne Capital Management
California
+$4.35M

Top Sellers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
-$21.3M
2
HCM
Howard Capital Management
Georgia
-$20.3M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$18.7M
4
PIS
PPSC Investment Service
Japan
-$9.87M
5
G
Gainplan
Michigan
-$6.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
Renaissance Technologies
26
Renaissance Technologies
New York
$2.17M +$1.82M +20,900 New
JP Morgan Chase
27
JP Morgan Chase
New York
$1.99M +$1.04M +11,973 +167%
SWM
28
Spire Wealth Management
Virginia
$1.7M -$2.2M -25,263 -62%
LFA
29
LifeGuide Financial Advisors
Pennsylvania
$1.52M -$6.27K -72 -0.5%
Pathstone Holdings
30
Pathstone Holdings
New Jersey
$1.44M +$1.2M +13,821 New
MCA
31
Millennium Capital Advisors
Arkansas
$1.06M – – –
Bank of America
32
Bank of America
North Carolina
$984K +$788K +9,047 +2,196%
Lido Advisors
33
Lido Advisors
California
$845K -$56.6K -650 -7%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$832K +$29.7K +341 +4%
FTUS
35
Flow Traders U.S.
New York
$781K +$654K +7,507 New
CG
36
Cutler Group
California
$778K -$43.9K -504 -6%
HT
37
Headlands Technologies
Illinois
$742K +$622K +7,138 New
EP
38
Edgestream Partners
New Jersey
$728K -$402K -4,617 -40%
HighTower Advisors
39
HighTower Advisors
Illinois
$665K -$52.6K -604 -9%
KWA
40
Kingswood Wealth Advisors
California
$648K +$3.57K +41 +0.7%
Creative Planning
41
Creative Planning
Kansas
$637K +$81.9K +940 +18%
TSS
42
Two Sigma Securities
New York
$613K -$1.16M -13,310 -69%
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$611K +$502K +5,770 +16,971%
KFS
44
Kelly Financial Services
Massachusetts
$594K +$17.7K +203 +4%
C
45
Covestor
United Kingdom
$585K +$61.2K +703 +14%
EMAM
46
Encompass More Asset Management
California
$562K +$471K +5,407 New
BIP
47
Blueprint Investment Partners
North Carolina
$515K +$119K +1,365 +38%
Two Sigma Investments
48
Two Sigma Investments
New York
$497K +$416K +4,780 New
STA
49
Summit Trail Advisors
New York
$478K -$487K -5,595 -55%
HI
50
Harbour Investments
Wisconsin
$427K – – –
1
2
3 4 5

SPXL Hedge Fund Activity: Q4 2023 in Review

109 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q4 2023, worth a combined $567M — up 32% from $428M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new SPXL positions and 21 closed out — a net gain of 10 holders — while 25 added to existing stakes and 33 trimmed.

The largest buyer was Jane Street, opening a new position worth an estimated $64.1M. The largest seller was IMC Chicago, exiting entirely with an estimated $21.3M sold.

  • 109 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q4 2023, up from 101 in Q3 2023.
  • Funds reported $567M of Direxion Daily S&P 500 Bull 3x ETF stock for Q4 2023, up 32% quarter-over-quarter.
  • 31 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q4 2023 and 21 closed out, a net change of +10 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q4 2023 was Jane Street, an estimated $64.1M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q4 2023 was IMC Chicago, an estimated $21.3M sold.

Based on aggregated 13F filings for Q4 2023.