Direxion Daily S&P 500 Bull 3x ETF
SPXL
47 hedge funds and large institutions have $121M invested in Direxion Daily S&P 500 Bull 3x ETF in 2018 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 10 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
2% less funds holding
Funds holding: 48 → 47 (-1)
9.12% less ownership
Funds ownership: 21.26% → 12.13% (-9.1%)
12% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 17
31% less call options, than puts
Call options by funds: $40.7M | Put options by funds: $58.6M
34% less capital invested
Capital invested by funds: $182M → $121M (-$61.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
G
Gainplan
Bloomfield Hills,
Michigan
|
+$36.6M |
| 2 |
TCM
Traynor Capital Management
Malvern,
Pennsylvania
|
+$3.64M |
| 3 |
PFM
Probabilities Fund Management
White Plains,
New York
|
+$3.46M |
| 4 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
+$2.02M |
| 5 |
Citigroup
New York
|
+$1.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$78M |
| 2 |
Wolverine Trading
Chicago,
Illinois
|
-$10.5M |
| 3 |
Two Sigma Investments
New York
|
-$8.46M |
| 4 |
GA
GFS Advisors
Houston,
Texas
|
-$7.43M |
| 5 |
Two Sigma Advisers
New York
|
-$6.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
51
Hollencrest Capital Management
Newport Beach,
California
| – | -$222K | -5,000 | Closed |
|
52
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$93K | -2,100 | Closed |
|
53
UBS Group
Zurich,
Switzerland
| – | -$53K | -1,200 | Closed |
|
|
ASN
54
Advisory Services Network
Atlanta,
Georgia
| – | -$50K | -1,131 | Closed |
|
|
BRC
55
Bell Rock Capital
Rehoboth Beach,
Delaware
| – | -$23K | -519 | Closed |
|
SPXL Hedge Fund Activity: Q1 2018 in Review
47 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2018, worth a combined $121M — down 34% from $182M a quarter earlier.
Fund positioning in SPXL was balanced in Q1 2018: 10 funds opened new positions, 10 closed out, 15 added to existing stakes and 17 trimmed.
The largest buyer was Gainplan, adding an estimated $36.6M. The largest seller was Goldman Sachs, cutting an estimated $78M.
- 47 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2018, down from 48 in Q4 2017.
- Funds reported $121M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2018, down 34% quarter-over-quarter.
- 10 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2018 and 10 closed out, a net change of 0 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2018 was Gainplan, an estimated $36.6M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2018 was Goldman Sachs, an estimated $78M sold.
Based on aggregated 13F filings for Q1 2018.