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Direxion Daily S&P 500 Bull 3x ETF
SPXL

118 hedge funds and large institutions have $553M invested in Direxion Daily S&P 500 Bull 3x ETF in 2024 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 31 increasing their positions, 27 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more call options, than puts

Call options by funds: $196M | Put options by funds: $108M

56% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 18

15% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 27

6% more funds holding

Funds holding: 111 → 118 (+7)

3.89% less ownership

Funds ownership: 15.98% → 12.09% (-3.9%)

18% less capital invested

Capital invested by funds: $678M → $553M (-$125M)

33% less funds holding in top 10

Funds holding in top 10: 9 → 6 (-3)

Holders
118
Holders Change
+7
Holders Change %
+6.31%
% of All Funds
1.7%
Holding in Top 10
6
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-33.33%
% of All Funds
0.09%
New
28
Increased
31
Reduced
27
Closed
18
Calls
$196M
Puts
$108M
Net Calls
+$87.9M
Net Calls Change
-$6.01M

Top Buyers

Rank Fund Capital Flow
1
PIS
PPSC Investment Service
Japan
+$6.55M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$6.37M
3
VF
Virtu Financial
New York
+$5.91M
4
Citadel Advisors
Citadel Advisors
Florida
+$5.3M
5
Wolverine Trading
Wolverine Trading
Illinois
+$3.92M

Top Sellers

Rank Fund Capital Flow
1
WA
Wealthstar Advisors
Texas
-$83.6M
2
IMC Chicago
IMC Chicago
Illinois
-$53.8M
3
GS
GTS Securities
New York
-$13.6M
4
Jane Street
Jane Street
New York
-$12.7M
5
HCS
Himension Capital (Singapore)
Singapore
-$11.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
26
Soltis Investment Advisors
Utah
$1.59M +$1.44M +10,897 New
JP Morgan Chase
27
JP Morgan Chase
New York
$1.58M +$143K +1,086 +11%
Morgan Stanley
28
Morgan Stanley
New York
$1.56M -$764K -5,804 -35%
COCM
29
Charter Oak Capital Management
New Hampshire
$1.49M -$2.4M -18,231 -64%
LFA
30
LifeGuide Financial Advisors
Pennsylvania
$1.47M -$235K -1,782 -15%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$1.2M -$331K -2,513 -23%
Lido Advisors
32
Lido Advisors
California
$1.19M – – –
EMAM
33
Encompass More Asset Management
California
$1.02M +$257K +1,951 +39%
Creative Planning
34
Creative Planning
Kansas
$953K +$51.4K +390 +6%
EP
35
Edgestream Partners
New Jersey
$874K -$795K -6,039 -50%
KFS
36
Kelly Financial Services
Massachusetts
$836K +$9.62K +73 +1%
BIP
37
Blueprint Investment Partners
North Carolina
$832K +$85K +645 +13%
HighTower Advisors
38
HighTower Advisors
Illinois
$823K +$790 +6 +0.1%
CW
39
CreativeOne Wealth
Kansas
$717K +$69.9K +531 +12%
Bank of Montreal
40
Bank of Montreal
Ontario, Canada
$665K +$5.27K +40 +0.9%
C
41
Covestor
United Kingdom
$627K -$238K -1,808 -30%
NICM
42
Neo Ivy Capital Management
New York
$613K +$553K +4,200 New
HI
43
Harbour Investments
Wisconsin
$599K – – –
NWM
44
Navigation Wealth Management
Colorado
$582K +$525K +3,985 New
MFA
45
Millington Financial Advisors
Illinois
$569K +$6.59K +50 +1%
TSS
46
Two Sigma Securities
New York
$566K -$1.21M -9,198 -70%
SWA
47
Stratos Wealth Advisors
Ohio
$556K +$395 +3 +0.1%
CWC
48
Carolinas Wealth Consulting
North Carolina
$548K – – –
QWP
49
Quotient Wealth Partners
Texas
$529K +$477K +3,621 New
EWA
50
EP Wealth Advisors
California
$527K +$1.05K +8 +0.2%
1
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3 4 5

SPXL Hedge Fund Activity: Q2 2024 in Review

118 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2024, worth a combined $553M — down 18% from $678M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new SPXL positions and 18 closed out — a net gain of 10 holders — while 31 added to existing stakes and 27 trimmed.

The largest buyer was PPSC Investment Service, adding an estimated $6.55M. The largest seller was Wealthstar Advisors, exiting entirely with an estimated $83.6M sold.

  • 118 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2024, up from 111 in Q1 2024.
  • Funds reported $553M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2024, down 18% quarter-over-quarter.
  • 28 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2024 and 18 closed out, a net change of +10 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2024 was PPSC Investment Service, an estimated $6.55M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2024 was Wealthstar Advisors, an estimated $83.6M sold.

Based on aggregated 13F filings for Q2 2024.