Direxion Daily S&P 500 Bull 3x ETF
SPXL
95 hedge funds and large institutions have $475M invested in Direxion Daily S&P 500 Bull 3x ETF in 2023 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 25 increasing their positions, 23 reducing their positions, and 22 closing their positions.
58% more call options, than puts
Call options by funds: $97.4M | Put options by funds: $61.5M
23% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 22
6% more capital invested
Capital invested by funds: $448M → $475M (+$27.5M)
4% more funds holding
Funds holding: 91 → 95 (+4)
9% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 23
2.4% less ownership
Funds ownership: 14.87% → 12.47% (-2.4%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Howard Capital Management
Roswell,
Georgia
|
+$17.5M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
+$6.16M |
| 3 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$4.74M |
| 4 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
+$4.74M |
| 5 |
G
Gainplan
Bloomfield Hills,
Michigan
|
+$3.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIS
PPSC Investment Service
Tokyo,
Japan
|
-$24.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$23.7M |
| 3 |
PA
Paragon Advisors
College Station,
Texas
|
-$16.9M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
-$11.6M |
| 5 |
NAM
Nexpoint Asset Management
Dallas,
Texas
|
-$10.6M |
SPXL Hedge Fund Activity: Q2 2023 in Review
95 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2023, worth a combined $475M — up 6.1% from $448M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new SPXL positions and 22 closed out — a net gain of 5 holders — while 25 added to existing stakes and 23 trimmed.
The largest buyer was Howard Capital Management, opening a new position worth an estimated $17.5M. The largest seller was PPSC Investment Service, cutting an estimated $24.4M.
- 95 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2023, up from 91 in Q1 2023.
- Funds reported $475M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2023, up 6.1% quarter-over-quarter.
- 27 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2023 and 22 closed out, a net change of +5 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2023 was Howard Capital Management, an estimated $17.5M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2023 was PPSC Investment Service, an estimated $24.4M sold.
Based on aggregated 13F filings for Q2 2023.