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Direxion Daily S&P 500 Bull 3x ETF
SPXL

29 hedge funds and large institutions have $49.3M invested in Direxion Daily S&P 500 Bull 3x ETF in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more call options, than puts

Call options by funds: $34.8M | Put options by funds: $19.7M

2.42% less ownership

Funds ownership: 57.66% → 55.24% (-2.4%)

6% less funds holding

Funds holding: 31 → 29 (-2)

11% less capital invested

Capital invested by funds: $55.6M → $49.3M (-$6.28M)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

46% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 13

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
29
Holders Change
-2
Holders Change %
-6.45%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
7
Reduced
13
Closed
8
Calls
$34.8M
Puts
$19.7M
Net Calls
+$15M
Net Calls Change
+$5.71M

Top Buyers

1
VF
Virtu Financial
New York
+$8.31M
2
GA
GFS Advisors
Texas
+$2.61M
3
JT
Jump Trading
Illinois
+$2.27M
4
Two Sigma Investments
Two Sigma Investments
New York
+$1.21M
5
TH
Timber Hill
Connecticut
+$928K

Top Sellers

1
AT
Allston Trading
Illinois
-$9.96M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$3.6M
3
Deutsche Bank
Deutsche Bank
Germany
-$3.19M
4
PSW
Portfolio Strategies (Washington)
Washington
-$2.45M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
VF
1
Virtu Financial
New York
$11.7M +$8.31M +534,156 +306%
Envestnet Asset Management
2
Envestnet Asset Management
Illinois
$6.77M -$1.27M -81,300 -17%
TRCT
3
Tower Research Capital (TRC)
New York
$4.27M +$735K +47,252 +22%
CPSAC
4
Chas P. Smith & Associates (CPS)
Florida
$3.93M -$440K -28,260 -11%
GA
5
GFS Advisors
Texas
$2.77M +$2.61M +167,600 New
Morgan Stanley
6
Morgan Stanley
New York
$2.71M +$286K +18,384 +13%
JT
7
Jump Trading
Illinois
$2.41M +$2.27M +145,928 New
Cambridge Investment Research Advisors
8
Cambridge Investment Research Advisors
Iowa
$2.3M -$32.5K -2,088 -1%
Barclays
9
Barclays
United Kingdom
$1.9M -$489K -31,432 -21%
LTFS
10
Ladenburg Thalmann Financial Services
Florida
$1.79M -$586K -37,624 -26%
TH
11
Timber Hill
Connecticut
$1.66M +$928K +59,600 +146%
Two Sigma Investments
12
Two Sigma Investments
New York
$1.28M +$1.21M +77,580 New
PSW
13
Portfolio Strategies (Washington)
Washington
$1.19M -$2.45M -157,660 -69%
AC
14
AFAM Capital
Texas
$773K -$49.2K -3,160 -6%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$647K -$3.6M -231,528 -86%
Franklin Resources
16
Franklin Resources
California
$555K – – –
Goldman Sachs
17
Goldman Sachs
New York
$485K +$228K +14,676 +100%
VKH
18
Virtu KCG Holdings
New York
$300K -$267K -17,160 -49%
CA
19
Commerzbank Aktiengesellschaft
Germany
$255K -$40.5K -2,600 -14%
CT
20
CMT Trading
Illinois
$252K +$237K +15,220 New
LPL Financial
21
LPL Financial
California
$241K -$43.6K -2,800 -16%
BFG
22
Bouchey Financial Group
New York
$218K – – –
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$210K +$198K +12,696 New
U
24
UBS
Switzerland
$179K +$162K +10,396 +2,625%
Creative Planning
25
Creative Planning
Kansas
$157K +$148K +9,500 New
1
2

SPXL Hedge Fund Activity: Q1 2014 in Review

29 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2014, worth a combined $49.3M — down 11% from $55.6M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of SPXL and 6 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 7 added.

The largest buyer was Virtu Financial, adding an estimated $8.31M. The largest seller was Allston Trading, exiting entirely with an estimated $9.96M sold.

  • 29 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2014, down from 31 in Q4 2013.
  • Funds reported $49.3M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2014, down 11% quarter-over-quarter.
  • 6 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2014 and 8 closed out, a net change of -2 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2014 was Virtu Financial, an estimated $8.31M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2014 was Allston Trading, an estimated $9.96M sold.

Based on aggregated 13F filings for Q1 2014.