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Direxion Daily S&P 500 Bull 3x ETF
SPXL

65 hedge funds and large institutions have $83.4M invested in Direxion Daily S&P 500 Bull 3x ETF in 2020 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 10 increasing their positions, 19 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more call options, than puts

Call options by funds: $206M | Put options by funds: $146M

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

2.86% less ownership

Funds ownership: 8.48% → 5.62% (-2.9%)

11% less funds holding

Funds holding: 73 → 65 (-8)

16% less capital invested

Capital invested by funds: $98.9M → $83.4M (-$15.4M)

28% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 25

47% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 19

Holders
65
Holders Change
-8
Holders Change %
-10.96%
% of All Funds
1.33%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.08%
New
18
Increased
10
Reduced
19
Closed
25
Calls
$206M
Puts
$146M
Net Calls
+$59.6M
Net Calls Change
+$48.5M

Top Buyers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
+$16.4M
2
G
Gainplan
Michigan
+$6.35M
3
DS
DRW Securities
Illinois
+$3.16M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.07M
5
HF
HRT Financial
New York
+$1.44M

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$19.4M
2
IWP
Insight Wealth Partners
Texas
-$16.3M
3
Citadel Advisors
Citadel Advisors
Florida
-$13.5M
4
Jane Street
Jane Street
New York
-$10.2M
5
WAM
Wolverine Asset Management
Illinois
-$7.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
CDIA
51
Capital Directions Investment Advisors
Georgia
$11K +$3.34K +91 +51%
Morgan Stanley
52
Morgan Stanley
New York
$10K -$409K -11,155 -98%
Carson Wealth (CWM LLC)
53
Carson Wealth (CWM LLC)
Nebraska
$9K – – –
BWA
54
BDO Wealth Advisors
Florida
$8K -$7.56K -206 -52%
HS
55
Horan Securities
United States
$6K – – –
PA
56
Parallel Advisors
California
$5K – – –
APA
57
American Portfolios Advisors
New York
$3.75K – – –
MF
58
Manchester Financial
California
$3K – – –
FWM
59
FSA Wealth Management
Massachusetts
$2K – – –
FP
60
Financial Perspectives
Minnesota
$1.09K – – –
SL
61
Savior LLC
Massachusetts
$1K +$550 +15 New
Citadel Advisors
62
Citadel Advisors
Florida
– -$13.5M -367,848 Closed
TWP
63
Tempus Wealth Planning
California
– -$899K -34,500 Closed
CHAM
64
Clear Harbor Asset Management
Connecticut
– -$482K -18,500 Closed
BCM
65
Brookstone Capital Management
Illinois
– -$327K -12,542 Closed
Wolverine Trading
66
Wolverine Trading
Illinois
– -$333K -12,209 Closed
ECM
67
ETrade Capital Management
Virginia
– -$238K -9,144 Closed
HCM
68
Hengehold Capital Management
Ohio
– -$234K -9,000 Closed
BP
69
BBR Partners
New York
– -$214K -8,220 Closed
HighTower Advisors
70
HighTower Advisors
Illinois
– -$208K -7,957 Closed
SWA
71
Stratos Wealth Advisors
Ohio
– -$130K -5,005 Closed
OIA
72
Optimum Investment Advisors
Illinois
– -$78K -3,000 Closed
PCIA
73
Prime Capital Investment Advisors
Kansas
– -$58K -2,230 Closed
MM
74
Main Management
California
– -$52K -1,985 Closed
EWM
75
EPG Wealth Management
Georgia
– -$47K -1,801 Closed
1 2
3
4

SPXL Hedge Fund Activity: Q2 2020 in Review

65 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2020, worth a combined $83.4M — down 16% from $98.9M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of SPXL and 18 opened new positions — a net loss of 7 holders — while 19 trimmed existing stakes and 10 added.

The largest buyer was IMC Chicago, opening a new position worth an estimated $16.4M. The largest seller was Susquehanna International Group, cutting an estimated $19.4M.

  • 65 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2020, down from 73 in Q1 2020.
  • Funds reported $83.4M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2020, down 16% quarter-over-quarter.
  • 18 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2020 and 25 closed out, a net change of -7 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2020 was IMC Chicago, an estimated $16.4M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2020 was Susquehanna International Group, an estimated $19.4M sold.

Based on aggregated 13F filings for Q2 2020.