Direxion Daily S&P 500 Bull 3x ETF
SPXL
131 hedge funds and large institutions have $1.18B invested in Direxion Daily S&P 500 Bull 3x ETF in 2024 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 48 increasing their positions, 32 reducing their positions, and 15 closing their positions.
114% more capital invested
Capital invested by funds: $553M → $1.18B (+$632M)
93% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 15
62% more call options, than puts
Call options by funds: $268M | Put options by funds: $165M
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
50% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 32
11.55% more ownership
Funds ownership: 12.09% → 23.64% (+12%)
11% more funds holding
Funds holding: 118 → 131 (+13)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Howard Capital Management
Roswell,
Georgia
|
+$310M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$68M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$52.6M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
+$26.8M |
| 5 |
HCS
Himension Capital (Singapore)
Singapore
|
+$25.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$6.55M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.48M |
| 3 |
GCIM
Gunn & Company Investment Management
Jacksonville,
Florida
|
-$4.07M |
| 4 |
JF
Jump Financial
Chicago,
Illinois
|
-$3.53M |
| 5 |
RAM
Revere Asset Management
Dallas,
Texas
|
-$3.42M |
SPXL Hedge Fund Activity: Q3 2024 in Review
131 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2024, worth a combined $1.18B — up 114% from $553M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new SPXL positions and 15 closed out — a net gain of 14 holders — while 48 added to existing stakes and 32 trimmed.
The largest buyer was Howard Capital Management, opening a new position worth an estimated $310M. The largest seller was Virtu Financial, exiting entirely with an estimated $6.55M sold.
- 131 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2024, up from 118 in Q2 2024.
- Funds reported $1.18B of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2024, up 114% quarter-over-quarter.
- 29 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2024 and 15 closed out, a net change of +14 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2024 was Howard Capital Management, an estimated $310M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2024 was Virtu Financial, an estimated $6.55M sold.
Based on aggregated 13F filings for Q3 2024.