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Direxion Daily S&P 500 Bull 3x ETF
SPXL

33 hedge funds and large institutions have $49.5M invested in Direxion Daily S&P 500 Bull 3x ETF in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

111% more call options, than puts

Call options by funds: $49.5M | Put options by funds: $23.5M

14% more funds holding

Funds holding: 29 → 33 (+4)

0% more capital invested

Capital invested by funds: $49.3M → $49.5M (+$218K)

1.44% less ownership

Funds ownership: 55.24% → 53.8% (-1.4%)

43% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 14

Holders
33
Holders Change
+4
Holders Change %
+13.79%
% of All Funds
0.95%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.06%
New
7
Increased
8
Reduced
14
Closed
3
Calls
$49.5M
Puts
$23.5M
Net Calls
+$26M
Net Calls Change
+$10.9M

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$7.77M
2
JT
Jump Trading
Illinois
+$2.12M
3
Two Sigma Investments
Two Sigma Investments
New York
+$2.08M
4
PSW
Portfolio Strategies (Washington)
Washington
+$1.79M
5
Barclays
Barclays
United Kingdom
+$1.59M

Top Sellers

1
VF
Virtu Financial
New York
-$11.7M
2
TRCT
Tower Research Capital (TRC)
New York
-$4.36M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$3.02M
4
CPSAC
Chas P. Smith & Associates (CPS)
Florida
-$1.75M
5
LTFS
Ladenburg Thalmann Financial Services
Florida
-$855K
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
1
Susquehanna International Group
Pennsylvania
$8.54M +$7.77M +449,400 New
JT
2
Jump Trading
Illinois
$5.11M +$2.12M +122,832 +84%
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$4.47M -$3.02M -174,544 -43%
Barclays
4
Barclays
United Kingdom
$3.93M +$1.59M +92,100 +80%
Two Sigma Investments
5
Two Sigma Investments
New York
$3.76M +$2.08M +120,020 +155%
PSW
6
Portfolio Strategies (Washington)
Washington
$3.33M +$1.79M +103,272 +144%
GA
7
GFS Advisors
Texas
$3.19M – – –
CPSAC
8
Chas P. Smith & Associates (CPS)
Florida
$2.6M -$1.75M -100,876 -42%
Cambridge Investment Research Advisors
9
Cambridge Investment Research Advisors
Iowa
$2.41M -$209K -12,088 -9%
Morgan Stanley
10
Morgan Stanley
New York
$2.26M -$772K -44,612 -27%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$1.67M +$845K +48,836 +125%
TH
12
Timber Hill
Connecticut
$1.45M -$420K -24,260 -24%
LTFS
13
Ladenburg Thalmann Financial Services
Florida
$1.12M -$855K -49,420 -46%
Bank of America
14
Bank of America
North Carolina
$794K +$560K +32,400 +344%
AC
15
AFAM Capital
Texas
$756K -$121K -7,012 -15%
Franklin Resources
16
Franklin Resources
California
$639K – – –
VKH
17
Virtu KCG Holdings
New York
$555K +$192K +11,088 +61%
ICOA
18
Investment Centers of America
North Dakota
$465K +$418K +24,160 New
Citadel Advisors
19
Citadel Advisors
Florida
$461K +$420K +24,276 New
LPL Financial
20
LPL Financial
California
$277K – – –
Goldman Sachs
21
Goldman Sachs
New York
$270K -$262K -15,144 -52%
BNP Paribas Financial Markets
22
BNP Paribas Financial Markets
France
$251K +$228K +13,180 New
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$246K +$4.01K +232 +2%
CT
24
CMT Trading
Illinois
$237K -$47.4K -2,740 -18%
BFG
25
Bouchey Financial Group
New York
$227K -$20.8K -1,200 -9%
1
2

SPXL Hedge Fund Activity: Q2 2014 in Review

33 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2014, worth a combined $49.5M — up 0.44% from $49.3M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new SPXL positions and 3 closed out — a net gain of 4 holders — while 8 added to existing stakes and 14 trimmed.

The largest buyer was Susquehanna International Group, opening a new position worth an estimated $7.77M. The largest seller was Virtu Financial, exiting entirely with an estimated $11.7M sold.

  • 33 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2014, up from 29 in Q1 2014.
  • Funds reported $49.5M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2014, up 0.44% quarter-over-quarter.
  • 7 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2014 and 3 closed out, a net change of +4 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2014 was Susquehanna International Group, an estimated $7.77M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2014 was Virtu Financial, an estimated $11.7M sold.

Based on aggregated 13F filings for Q2 2014.