Direxion Daily S&P 500 Bull 3x ETF
SPXL
50 hedge funds and large institutions have $67.7M invested in Direxion Daily S&P 500 Bull 3x ETF in 2018 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 10 increasing their positions, 16 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
6% more funds holding
Funds holding: 47 → 50 (+3)
9% less call options, than puts
Call options by funds: $43.6M | Put options by funds: $47.8M
5.42% less ownership
Funds ownership: 12.13% → 6.71% (-5.4%)
38% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 16
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
44% less capital invested
Capital invested by funds: $121M → $67.7M (-$53M)
Top Buyers
| 1 |
Citadel Advisors
Miami,
Florida
|
+$8.32M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.39M |
| 3 |
Two Sigma Advisers
New York
|
+$2.18M |
| 4 |
TSS
Two Sigma Securities
New York
|
+$1.34M |
| 5 |
Two Sigma Investments
New York
|
+$1.08M |
Top Sellers
| 1 |
G
Gainplan
Bloomfield Hills,
Michigan
|
-$60.2M |
| 2 |
PFM
Probabilities Fund Management
White Plains,
New York
|
-$14M |
| 3 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
-$1.79M |
| 4 |
Citigroup
New York
|
-$918K |
| 5 |
Morgan Stanley
New York
|
-$779K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TMC
51
Trellus Management Company
Delray Beach,
Florida
| – | -$1.79M | -43,300 | Closed |
|
|
HCM
52
Hengehold Capital Management
Cincinnati,
Ohio
| – | -$289K | -7,000 | Closed |
|
|
CG
53
Cutler Group
San Francisco,
California
| – | -$222K | -5,060 | Closed |
|
|
PH
54
Pinnacle Holdings
Tulsa,
Oklahoma
| – | -$72.3K | -1,750 | Closed |
|
|
SIS
55
Sound Income Strategies
Ft Lauderdale,
Florida
| – | -$19K | -450 | Closed |
|
|
HA
56
Hays Advisory
Franklin,
Tennessee
| – | -$2K | -51 | Closed |
|
57
Wells Fargo
San Francisco,
California
| – | -$44 | -1 | Closed |
|
SPXL Hedge Fund Activity: Q2 2018 in Review
50 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2018, worth a combined $67.7M — down 44% from $121M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new SPXL positions and 8 closed out — a net gain of 3 holders — while 10 added to existing stakes and 16 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $8.32M. The largest seller was Gainplan, exiting entirely with an estimated $60.2M sold.
- 50 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2018, up from 47 in Q1 2018.
- Funds reported $67.7M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2018, down 44% quarter-over-quarter.
- 11 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2018 and 8 closed out, a net change of +3 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2018 was Citadel Advisors, an estimated $8.32M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2018 was Gainplan, an estimated $60.2M sold.
Based on aggregated 13F filings for Q2 2018.