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Direxion Daily S&P 500 Bull 3x ETF
SPXL

118 hedge funds and large institutions have $553M invested in Direxion Daily S&P 500 Bull 3x ETF in 2024 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 31 increasing their positions, 27 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more call options, than puts

Call options by funds: $196M | Put options by funds: $108M

56% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 18

15% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 27

6% more funds holding

Funds holding: 111 → 118 (+7)

3.89% less ownership

Funds ownership: 15.98% → 12.09% (-3.9%)

18% less capital invested

Capital invested by funds: $678M → $553M (-$125M)

33% less funds holding in top 10

Funds holding in top 10: 9 → 6 (-3)

Holders
118
Holders Change
+7
Holders Change %
+6.31%
% of All Funds
1.7%
Holding in Top 10
6
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-33.33%
% of All Funds
0.09%
New
28
Increased
31
Reduced
27
Closed
18
Calls
$196M
Puts
$108M
Net Calls
+$87.9M
Net Calls Change
-$6.01M

Top Buyers

Rank Fund Capital Flow
1
PIS
PPSC Investment Service
Japan
+$6.55M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$6.37M
3
VF
Virtu Financial
New York
+$5.91M
4
Citadel Advisors
Citadel Advisors
Florida
+$5.3M
5
Wolverine Trading
Wolverine Trading
Illinois
+$3.92M

Top Sellers

Rank Fund Capital Flow
1
WA
Wealthstar Advisors
Texas
-$83.6M
2
IMC Chicago
IMC Chicago
Illinois
-$53.8M
3
GS
GTS Securities
New York
-$13.6M
4
Jane Street
Jane Street
New York
-$12.7M
5
HCS
Himension Capital (Singapore)
Singapore
-$11.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
IAN
51
Integrated Advisors Network
Texas
$497K -$441K -3,351 -50%
SFS
52
Summit Financial Strategies
Ohio
$449K -$26.3K -200 -6%
SCM
53
Steele Capital Management
Iowa
$446K +$198K +1,500 +97%
CAM
54
Cresset Asset Management
Illinois
$439K – – –
CHAM
55
Clear Harbor Asset Management
Connecticut
$438K – – –
CIBC Private Wealth Group
56
CIBC Private Wealth Group
Georgia
$435K – – –
BPA
57
Beacon Pointe Advisors
California
$429K – – –
Envestnet Asset Management
58
Envestnet Asset Management
Illinois
$412K -$47.9K -364 -11%
SCP
59
Silverleafe Capital Partners
Tennessee
$408K +$368K +2,796 New
EIP
60
Ellis Investment Partners
Pennsylvania
$382K -$39.5K -300 -10%
EFG
61
Embree Financial Group
Illinois
$365K +$329K +2,500 New
SWP
62
Stratos Wealth Partners
Ohio
$344K – – –
Cerity Partners
63
Cerity Partners
New York
$337K +$304K +2,306 New
Stifel Financial
64
Stifel Financial
Missouri
$321K – – –
CPWM
65
Cypress Point Wealth Management
Texas
$318K +$287K +2,179 New
Mercer Global Advisors
66
Mercer Global Advisors
Colorado
$317K – – –
PO
67
Private Ocean
California
$313K +$283K +2,146 New
NA
68
NewEdge Advisors
Louisiana
$302K +$271K +2,060 +20,600%
NP
69
NorthRock Partners
Minnesota
$260K +$9.88K +75 +4%
TC
70
TownSquare Capital
Utah
$256K +$231K +1,750 New
WAG
71
Wallace Advisory Group
California
$256K +$231K +1,750 New
TC
72
TAP Consulting
Missouri
$255K +$1.98K +15 +0.9%
NC
73
NovaPoint Capital
Georgia
$248K +$15.7K +119 +8%
TAM
74
Tucker Asset Management
Colorado
$238K -$349K -2,649 -62%
FWTB
75
First Western Trust Bank
Colorado
$218K +$196K +1,490 New
1 2
3
4 5

SPXL Hedge Fund Activity: Q2 2024 in Review

118 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2024, worth a combined $553M — down 18% from $678M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new SPXL positions and 18 closed out — a net gain of 10 holders — while 31 added to existing stakes and 27 trimmed.

The largest buyer was PPSC Investment Service, adding an estimated $6.55M. The largest seller was Wealthstar Advisors, exiting entirely with an estimated $83.6M sold.

  • 118 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2024, up from 111 in Q1 2024.
  • Funds reported $553M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2024, down 18% quarter-over-quarter.
  • 28 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2024 and 18 closed out, a net change of +10 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2024 was PPSC Investment Service, an estimated $6.55M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2024 was Wealthstar Advisors, an estimated $83.6M sold.

Based on aggregated 13F filings for Q2 2024.