Direxion Daily S&P 500 Bull 3x ETF
SPXL
111 hedge funds and large institutions have $678M invested in Direxion Daily S&P 500 Bull 3x ETF in 2024 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 32 increasing their positions, 33 reducing their positions, and 15 closing their positions.
91% more call options, than puts
Call options by funds: $197M | Put options by funds: $103M
27% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 15
20% more capital invested
Capital invested by funds: $567M → $678M (+$111M)
2% more funds holding
Funds holding: 109 → 111 (+2)
1.79% more ownership
Funds ownership: 14.19% → 15.98% (+1.8%)
3% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 33
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
+$47.1M |
| 2 |
HCS
Himension Capital (Singapore)
Singapore
|
+$24M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$10.4M |
| 4 |
GS
GTS Securities
New York
|
+$9.45M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$6.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$73.8M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
-$17M |
| 3 |
VF
Virtu Financial
New York
|
-$12.4M |
| 4 |
WA
Wealthstar Advisors
Plano,
Texas
|
-$10.9M |
| 5 |
GCIM
Gunn & Company Investment Management
Jacksonville,
Florida
|
-$5.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
126
IFP Advisors
Tampa,
Florida
| – | -$58.2K | -560 | Closed |
|
|
ASN
127
Advisory Services Network
Atlanta,
Georgia
| – | -$32.3K | -310 | Closed |
|
128
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$5.1K | -49 | Closed |
|
SPXL Hedge Fund Activity: Q1 2024 in Review
111 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2024, worth a combined $678M — up 20% from $567M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new SPXL positions and 15 closed out — a net gain of 4 holders — while 32 added to existing stakes and 33 trimmed.
The largest buyer was IMC Chicago, opening a new position worth an estimated $47.1M. The largest seller was Jane Street, cutting an estimated $73.8M.
- 111 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2024, up from 109 in Q4 2023.
- Funds reported $678M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2024, up 20% quarter-over-quarter.
- 19 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2024 and 15 closed out, a net change of +4 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2024 was IMC Chicago, an estimated $47.1M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2024 was Jane Street, an estimated $73.8M sold.
Based on aggregated 13F filings for Q1 2024.