Direxion Daily S&P 500 Bull 3x ETF
SPXL
91 hedge funds and large institutions have $448M invested in Direxion Daily S&P 500 Bull 3x ETF in 2023 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 15 closing their positions.
130% more call options, than puts
Call options by funds: $146M | Put options by funds: $63.5M
27% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 15
5% more capital invested
Capital invested by funds: $425M → $448M (+$22.9M)
8% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 24
1% less funds holding
Funds holding: 92 → 91 (-1)
1.93% less ownership
Funds ownership: 16.8% → 14.87% (-1.9%)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$25.9M |
| 2 |
PIS
PPSC Investment Service
Tokyo,
Japan
|
+$14.8M |
| 3 |
G
Gainplan
Bloomfield Hills,
Michigan
|
+$10M |
| 4 |
VF
Virtu Financial
New York
|
+$2.93M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$69.8M |
| 2 |
HF
HRT Financial
New York
|
-$13.4M |
| 3 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
-$6.64M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.56M |
| 5 |
ATPW
Ashton Thomas Private Wealth
Scottsdale,
Arizona
|
-$3.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCI
101
MRP Capital Investments
Alpharetta,
Georgia
| – | -$130K | -2,100 | Closed |
|
|
AWM
102
Activest Wealth Management
Aventure,
Florida
| – | -$126K | -1,805 | Closed |
|
103
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$74.5K | -1,200 | Closed |
|
|
CAS
104
Coppell Advisory Solutions
Coppell,
Texas
| – | -$37.2K | -599 | Closed |
|
|
CASC
105
Coppell Advisory Solutions Corp
Coppell,
Texas
| – | -$37.2K | -599 | Closed |
|
|
AWM
106
Accurate Wealth Management
Wesley Chapel,
Florida
| – | -$3.29K | -50 | Closed |
|
|
FWA
107
Freedom Wealth Alliance
Brookfield,
Wisconsin
| – | -$3.04K | -49 | Closed |
|
|
NFSG
108
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$2.49K | -40 | Closed |
|
SPXL Hedge Fund Activity: Q1 2023 in Review
91 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2023, worth a combined $448M — up 5.4% from $425M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new SPXL positions and 15 closed out — a net gain of 4 holders — while 26 added to existing stakes and 24 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $25.9M. The largest seller was Goldman Sachs, cutting an estimated $69.8M.
- 91 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2023, down from 92 in Q4 2022.
- Funds reported $448M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2023, up 5.4% quarter-over-quarter.
- 19 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2023 and 15 closed out, a net change of +4 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2023 was Citadel Advisors, an estimated $25.9M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2023 was Goldman Sachs, an estimated $69.8M sold.
Based on aggregated 13F filings for Q1 2023.