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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
+$16.4M |
| 2 |
G
Gainplan
Bloomfield Hills,
Michigan
|
+$6.35M |
| 3 |
DS
DRW Securities
Chicago,
Illinois
|
+$3.16M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.07M |
| 5 |
HF
HRT Financial
New York
|
+$1.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$19.4M |
| 2 |
IWP
Insight Wealth Partners
Plano,
Texas
|
-$16.3M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$13.5M |
| 4 |
Jane Street
New York
|
-$10.2M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$7.87M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PP
76
Paloma Partners
Greenwich,
Connecticut
| – | -$37K | -1,404 | Closed |
|
|
PH
77
Pinnacle Holdings
Tulsa,
Oklahoma
| – | -$28.3K | -1,085 | Closed |
|
|
CAC
78
Certified Advisory Corp
Altamonte Springs,
Florida
| – | -$36.7K | -1,000 | Closed |
|
|
AF
79
Allworth Financial
Folsom,
California
| – | -$22K | -856 | Closed |
|
|
VFA
80
Valeo Financial Advisors
Carmel,
Indiana
| – | -$19K | -600 | Closed |
|
81
William Blair & Company
Chicago,
Illinois
| – | -$9K | -350 | Closed |
|
|
GEA
82
Glen Eagle Advisors
Kingston,
New Jersey
| – | -$8.28K | -318 | Closed |
|
|
SWM
83
Selective Wealth Management
Forest,
Virginia
| – | -$3K | -100 | Closed |
|
|
RFA
84
Reilly Financial Advisors
La Mesa,
California
| – | -$1K | -40 | Closed |
|
85
Wells Fargo
San Francisco,
California
| – | +$37 | +1 | New |
|
|
ADL
86
Asset Dedication LLC
San Francisco,
California
| – | +$257 | +7 | New |
|
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.