Direxion Daily S&P 500 Bull 3x ETF
SPXL
135 hedge funds and large institutions have $1.46B invested in Direxion Daily S&P 500 Bull 3x ETF in 2025 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 49 increasing their positions, 33 reducing their positions, and 27 closing their positions.
142% more capital invested
Capital invested by funds: $604M → $1.46B (+$858M)
48% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 33
33% more call options, than puts
Call options by funds: $426M | Put options by funds: $319M
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
19% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 27
12.82% more ownership
Funds ownership: 13.95% → 26.77% (+13%)
4% more funds holding
Funds holding: 130 → 135 (+5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Howard Capital Management
Roswell,
Georgia
|
+$237M |
| 2 |
PFM
Potomac Fund Management
Miami,
Florida
|
+$237M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$52.8M |
| 4 |
WA
Wealthstar Advisors
Plano,
Texas
|
+$26.2M |
| 5 |
IWP
Insight Wealth Partners
Plano,
Texas
|
+$12.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
-$27.5M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$11.5M |
| 3 |
Goldman Sachs
New York
|
-$9.64M |
| 4 |
Jane Street
New York
|
-$4.55M |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
-$3.9M |
SPXL Hedge Fund Activity: Q2 2025 in Review
135 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2025, worth a combined $1.46B — up 142% from $604M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new SPXL positions and 27 closed out — a net gain of 5 holders — while 49 added to existing stakes and 33 trimmed.
The largest buyer was Howard Capital Management, opening a new position worth an estimated $237M. The largest seller was Hollencrest Capital Management, cutting an estimated $27.5M.
- 135 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2025, up from 130 in Q1 2025.
- Funds reported $1.46B of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2025, up 142% quarter-over-quarter.
- 32 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2025 and 27 closed out, a net change of +5 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2025 was Howard Capital Management, an estimated $237M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2025 was Hollencrest Capital Management, an estimated $27.5M sold.
Based on aggregated 13F filings for Q2 2025.