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Direxion Daily S&P 500 Bull 3x ETF
SPXL

135 hedge funds and large institutions have $1.46B invested in Direxion Daily S&P 500 Bull 3x ETF in 2025 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 49 increasing their positions, 33 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more capital invested

Capital invested by funds: $604M → $1.46B (+$858M)

48% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 33

33% more call options, than puts

Call options by funds: $426M | Put options by funds: $319M

29% more funds holding in top 10

Funds holding in top 10: 7 → 9 (+2)

19% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 27

12.82% more ownership

Funds ownership: 13.95% → 26.77% (+13%)

4% more funds holding

Funds holding: 130 → 135 (+5)

Holders
135
Holders Change
+5
Holders Change %
+3.85%
% of All Funds
1.78%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.12%
New
32
Increased
49
Reduced
33
Closed
27
Calls
$426M
Puts
$319M
Net Calls
+$107M
Net Calls Change
+$47.4M

Top Buyers

Rank Fund Capital Flow
1
HCM
Howard Capital Management
Georgia
+$237M
2
PFM
Potomac Fund Management
Florida
+$237M
3
Citadel Advisors
Citadel Advisors
Florida
+$52.8M
4
WA
Wealthstar Advisors
Texas
+$26.2M
5
IWP
Insight Wealth Partners
Texas
+$12.6M

Top Sellers

Rank Fund Capital Flow
1
HCM
Hollencrest Capital Management
California
-$27.5M
2
QC
Quadrature Capital
United Kingdom
-$11.5M
3
Goldman Sachs
Goldman Sachs
New York
-$9.64M
4
Jane Street
Jane Street
New York
-$4.55M
5
JF
Jump Financial
Illinois
-$3.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
HT
151
Headlands Technologies
Illinois
– -$313K -2,227 Closed
Belvedere Trading
152
Belvedere Trading
Illinois
– -$309K -2,199 Closed
IGGA
153
Iron Gate Global Advisors
Utah
– -$245K -1,747 Closed
SCP
154
Silverleafe Capital Partners
Tennessee
– -$233K -1,659 Closed
ACP
155
Aveo Capital Partners
Colorado
– -$208K -1,569 Closed
CCM
156
Coldstream Capital Management
Washington
– -$88.2K -628 Closed
HWP
157
Highline Wealth Partners
California
– -$28.1K -200 Closed
PSFG
158
Park Square Financial Group
Georgia
– -$21.1K -150 Closed
Royal Bank of Canada
159
Royal Bank of Canada
Ontario, Canada
– -$18K -131 Closed
US Bancorp
160
US Bancorp
Minnesota
– -$3.51K -25 Closed
SIS
161
Sound Income Strategies
Florida
– -$2.54K -18 Closed
CA
162
Continuum Advisory
Idaho
– -$1.4K -10 Closed
MCM
163
MAI Capital Management
Ohio
– -$843 -6 Closed
AF
164
Allworth Financial
California
– -$124 -1 Closed
3 4 5 6
7

SPXL Hedge Fund Activity: Q2 2025 in Review

135 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2025, worth a combined $1.46B — up 142% from $604M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new SPXL positions and 27 closed out — a net gain of 5 holders — while 49 added to existing stakes and 33 trimmed.

The largest buyer was Howard Capital Management, opening a new position worth an estimated $237M. The largest seller was Hollencrest Capital Management, cutting an estimated $27.5M.

  • 135 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2025, up from 130 in Q1 2025.
  • Funds reported $1.46B of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2025, up 142% quarter-over-quarter.
  • 32 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2025 and 27 closed out, a net change of +5 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2025 was Howard Capital Management, an estimated $237M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2025 was Hollencrest Capital Management, an estimated $27.5M sold.

Based on aggregated 13F filings for Q2 2025.