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Direxion Daily S&P 500 Bull 3x ETF
SPXL

60 hedge funds and large institutions have $60.2M invested in Direxion Daily S&P 500 Bull 3x ETF in 2020 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 9 increasing their positions, 20 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more call options, than puts

Call options by funds: $314M | Put options by funds: $136M

1.45% less ownership

Funds ownership: 5.62% → 4.17% (-1.5%)

8% less funds holding

Funds holding: 65 → 60 (-5)

21% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 19

28% less capital invested

Capital invested by funds: $83.4M → $60.2M (-$23.2M)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

55% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 20

Holders
60
Holders Change
-5
Holders Change %
-7.69%
% of All Funds
1.21%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.04%
New
15
Increased
9
Reduced
20
Closed
19
Calls
$314M
Puts
$136M
Net Calls
+$178M
Net Calls Change
+$118M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$2.75M
2
CG
Cutler Group
California
+$1.55M
3
LSA
Lion Street Advisors
Texas
+$1.4M
4
SG Americas Securities
SG Americas Securities
New York
+$998K
5
SCM
Shelton Capital Management
Colorado
+$931K

Top Sellers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
-$15.9M
2
G
Gainplan
Michigan
-$7.24M
3
VF
Virtu Financial
New York
-$5.15M
4
DS
DRW Securities
Illinois
-$4.95M
5
WAM
Wolverine Asset Management
Illinois
-$4.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
Carson Wealth (CWM LLC)
51
Carson Wealth (CWM LLC)
Nebraska
$9K – – –
PA
52
Parallel Advisors
California
$7K – – –
Morgan Stanley
53
Morgan Stanley
New York
$5K -$7.77K -151 -62%
APA
54
American Portfolios Advisors
New York
$4.73K – – –
TPWA
55
TRUE Private Wealth Advisors
Oregon
$2K -$180K -3,507 -99%
SFS
56
Sowell Financial Services
Arkansas
$2K -$21.8K -423 -93%
FP
57
Financial Perspectives
Minnesota
$1.37K – – –
G
58
Gainplan
Michigan
– -$7.24M -173,067 Closed
DS
59
DRW Securities
Illinois
– -$4.95M -118,421 Closed
HF
60
HRT Financial
New York
– -$1.65M -39,354 Closed
FTUS
61
Flow Traders U.S.
New York
– -$1.42M -33,951 Closed
Citigroup
62
Citigroup
New York
– -$360K -7,000 Closed
FMBTD
63
First Midwest Bank Trust Division
Illinois
– -$252K -6,034 Closed
Fifth Third Bancorp
64
Fifth Third Bancorp
Ohio
– -$125K -3,000 Closed
HFM
65
Hartford Financial Management
Connecticut
– -$63K -1,500 Closed
PAG
66
Private Advisor Group
New Jersey
– -$45K -1,081 Closed
RG
67
Retirement Group
California
– -$44K -1,050 Closed
PCG
68
Private Capital Group
Connecticut
– -$35K -848 Closed
BWA
69
BDO Wealth Advisors
Florida
– -$8K -190 Closed
HS
70
Horan Securities
United States
– -$6K -133 Closed
MF
71
Manchester Financial
California
– -$3K -60 Closed
FWM
72
FSA Wealth Management
Massachusetts
– -$2K -55 Closed
SL
73
Savior LLC
Massachusetts
– -$1K -15 Closed
Bank of Montreal
74
Bank of Montreal
Ontario, Canada
– +$257 +5 New
PFA
75
Professional Financial Advisors
Nebraska
– +$515 +10 New
1 2
3

SPXL Hedge Fund Activity: Q3 2020 in Review

60 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2020, worth a combined $60.2M — down 28% from $83.4M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of SPXL and 15 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 9 added.

The largest buyer was Jane Street, adding an estimated $2.75M. The largest seller was IMC Chicago, cutting an estimated $15.9M.

  • 60 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2020, down from 65 in Q2 2020.
  • Funds reported $60.2M of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2020, down 28% quarter-over-quarter.
  • 15 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2020 and 19 closed out, a net change of -4 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2020 was Jane Street, an estimated $2.75M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2020 was IMC Chicago, an estimated $15.9M sold.

Based on aggregated 13F filings for Q3 2020.