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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
IC
101
Innealta Capital
Texas
$14.8K +$13.3K +101 New
MSFP
102
Mark Sheptoff Financial Planning
Connecticut
$14.6K – – –
Osaic Holdings
103
Osaic Holdings
Arizona
$13.4K – – –
TLA
104
Tanglewood Legacy Advisors
Texas
$12.6K +$11.3K +86 New
Carson Wealth (CWM LLC)
105
Carson Wealth (CWM LLC)
Nebraska
$11K – – –
S
106
SignatureFD
Georgia
$10.7K – – –
FDCDDQ
107
Federation des caisses Desjardins du Quebec
Quebec, Canada
$8.76K -$1.05K -8 -12%
PFA
108
Pathway Financial Advisers
Indiana
$4.76K +$132 +1 +3%
S
109
Syntrinsic
Colorado
$3.36K +$3.03K +23 New
CC
110
Cypress Capital
Tennessee
$2.92K +$2.63K +20 New
VWM
111
Venturi Wealth Management
Texas
$1.47K – – –
CA
112
Continuum Advisory
Idaho
$1.46K – – –
MIM
113
Macroview Investment Management
Maryland
$1.31K – – –
SIC
114
SJS Investment Consulting
Ohio
$1.31K – – –
CSWM
115
Cassady Schiller Wealth Management
Ohio
$876 – – –
Fidelity Investments
116
Fidelity Investments
Massachusetts
$876 +$790 +6 New
SPIA
117
Steward Partners Investment Advisory
New York
$292 – – –
Wells Fargo
118
Wells Fargo
California
$171 +$132 +1 New
BWL
119
Bogart Wealth LLC
Virginia
$147 – – –
TCM
120
Tradewinds Capital Management
Washington
$19 – – –
WA
121
Wealthstar Advisors
Texas
– -$83.6M -623,643 Closed
IMC Chicago
122
IMC Chicago
Illinois
– -$53.8M -401,057 Closed
GS
123
GTS Securities
New York
– -$13.6M -103,238 Closed
FTUS
124
Flow Traders U.S.
New York
– -$8.15M -60,795 Closed
QT
125
Quantbot Technologies
New York
– -$1.98M -14,745 Closed
2 3 4
5
6

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.