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Direxion Daily S&P 500 Bull 3x ETF
SPXL

31 hedge funds and large institutions have $55.6M invested in Direxion Daily S&P 500 Bull 3x ETF in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 4 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

50% more call options, than puts

Call options by funds: $27.9M | Put options by funds: $18.6M

44% more capital invested

Capital invested by funds: $38.7M → $55.6M (+$16.9M)

24% more funds holding

Funds holding: 25 → 31 (+6)

5.44% less ownership

Funds ownership: 63.09% → 57.66% (-5.4%)

64% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 11

Holders
31
Holders Change
+6
Holders Change %
+24%
% of All Funds
0.9%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
11
Increased
4
Reduced
11
Closed
5
Calls
$27.9M
Puts
$18.6M
Net Calls
+$9.34M
Net Calls Change
+$11M

Top Buyers

1
AT
Allston Trading
Illinois
+$3.72M
2
TRCT
Tower Research Capital (TRC)
New York
+$2.94M
3
CPSAC
Chas P. Smith & Associates (CPS)
Florida
+$2.77M
4
VF
Virtu Financial
New York
+$2.44M
5
Barclays
Barclays
United Kingdom
+$2.04M

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$3.02M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$2.96M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.9M
4
SG Americas Securities
SG Americas Securities
New York
-$1.75M
5
TH
Timber Hill
Connecticut
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
AT
1
Allston Trading
Illinois
$9.96M +$3.72M +266,928 +75%
Envestnet Asset Management
2
Envestnet Asset Management
Illinois
$7.83M -$2.96M -211,880 -30%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$4.32M -$3.02M -216,312 -44%
CPSAC
4
Chas P. Smith & Associates (CPS)
Florida
$4.24M +$2.77M +198,156 +293%
PSW
5
Portfolio Strategies (Washington)
Washington
$3.66M +$3.2M +229,604 New
TRCT
6
Tower Research Capital (TRC)
New York
$3.37M +$2.94M +210,948 New
Deutsche Bank
7
Deutsche Bank
Germany
$3.19M – – –
VF
8
Virtu Financial
New York
$2.79M +$2.44M +174,660 New
Susquehanna International Group
9
Susquehanna International Group
Pennsylvania
$2.36M -$2.9M -207,556 -58%
LTFS
10
Ladenburg Thalmann Financial Services
Florida
$2.33M -$639K -45,772 -24%
Morgan Stanley
11
Morgan Stanley
New York
$2.32M +$2.03M +145,292 New
Barclays
12
Barclays
United Kingdom
$2.31M +$2.04M +146,408 New
Cambridge Investment Research Advisors
13
Cambridge Investment Research Advisors
Iowa
$2.25M -$222K -15,880 -10%
AC
14
AFAM Capital
Texas
$796K -$138K -9,900 -17%
TH
15
Timber Hill
Connecticut
$650K -$1.72M -123,368 -75%
VKH
16
Virtu KCG Holdings
New York
$563K +$242K +17,308 +96%
Franklin Resources
17
Franklin Resources
California
$536K – – –
WAM
18
Wolverine Asset Management
Illinois
$390K -$770K -55,200 -69%
WS
19
Wedbush Securities
California
$301K +$263K +18,852 New
LPL Financial
20
LPL Financial
California
$277K -$72K -5,160 -23%
Citigroup
21
Citigroup
New York
$257K +$225K +16,128 New
CA
22
Commerzbank Aktiengesellschaft
Germany
$256K -$112K -8,000 -31%
Goldman Sachs
23
Goldman Sachs
New York
$234K +$205K +14,656 New
BFG
24
Bouchey Financial Group
New York
$208K +$184K +13,160 New
Bank of America
25
Bank of America
North Carolina
$102K +$5.75K +412 +7%
1
2

SPXL Hedge Fund Activity: Q4 2013 in Review

31 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q4 2013, worth a combined $55.6M — up 44% from $38.7M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new SPXL positions and 5 closed out — a net gain of 6 holders — while 4 added to existing stakes and 11 trimmed.

The largest buyer was Allston Trading, adding an estimated $3.72M. The largest seller was Royal Bank of Canada, cutting an estimated $3.02M.

  • 31 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q4 2013, up from 25 in Q3 2013.
  • Funds reported $55.6M of Direxion Daily S&P 500 Bull 3x ETF stock for Q4 2013, up 44% quarter-over-quarter.
  • 11 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q4 2013 and 5 closed out, a net change of +6 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q4 2013 was Allston Trading, an estimated $3.72M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q4 2013 was Royal Bank of Canada, an estimated $3.02M sold.

Based on aggregated 13F filings for Q4 2013.