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Direxion Daily S&P 500 Bull 3x ETF
SPXL

31 hedge funds and large institutions have $49.5M invested in Direxion Daily S&P 500 Bull 3x ETF in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more call options, than puts

Call options by funds: $45.8M | Put options by funds: $34.2M

0% less capital invested

Capital invested by funds: $49.5M → $49.5M (-$6.95K)

6% less funds holding

Funds holding: 33 → 31 (-2)

8.61% less ownership

Funds ownership: 53.8% → 45.19% (-8.6%)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

36% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 14

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
31
Holders Change
-2
Holders Change %
-6.06%
% of All Funds
0.9%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
4
Increased
9
Reduced
14
Closed
6
Calls
$45.8M
Puts
$34.2M
Net Calls
+$11.6M
Net Calls Change
-$14.4M

Top Buyers

1
Two Sigma Investments
Two Sigma Investments
New York
+$7.08M
2
Two Sigma Advisers
Two Sigma Advisers
New York
+$3.51M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.73M
4
Barclays
Barclays
United Kingdom
+$2.56M
5
WAM
Wolverine Asset Management
Illinois
+$1.63M

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$8.77M
2
JT
Jump Trading
Illinois
-$5.11M
3
TH
Timber Hill
Connecticut
-$1.45M
4
PSW
Portfolio Strategies (Washington)
Washington
-$1.18M
5
CPSAC
Chas P. Smith & Associates (CPS)
Florida
-$1.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Investments
1
Two Sigma Investments
New York
$10.9M +$7.08M +362,800 +184%
Barclays
2
Barclays
United Kingdom
$6.52M +$2.56M +131,460 +63%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$4.43M +$2.73M +140,184 +159%
Envestnet Asset Management
4
Envestnet Asset Management
Illinois
$3.66M -$909K -46,576 -20%
Two Sigma Advisers
5
Two Sigma Advisers
New York
$3.5M +$3.51M +180,000 New
GA
6
GFS Advisors
Texas
$3.25M – – –
Cambridge Investment Research Advisors
7
Cambridge Investment Research Advisors
Iowa
$2.51M +$49.9K +2,560 +2%
PSW
8
Portfolio Strategies (Washington)
Washington
$2.23M -$1.18M -60,392 -34%
Morgan Stanley
9
Morgan Stanley
New York
$1.93M -$379K -19,428 -16%
WAM
10
Wolverine Asset Management
Illinois
$1.7M +$1.63M +83,600 +2,090%
CPSAC
11
Chas P. Smith & Associates (CPS)
Florida
$1.59M -$1.07M -54,632 -40%
Goldman Sachs
12
Goldman Sachs
New York
$1.37M +$1.1M +56,412 +398%
LTFS
13
Ladenburg Thalmann Financial Services
Florida
$1.02M -$122K -6,244 -11%
VF
14
Virtu Financial
New York
$1M +$1.01M +51,560 New
AC
15
AFAM Capital
Texas
$724K -$48.3K -2,476 -6%
Franklin Resources
16
Franklin Resources
California
$652K – – –
ICOA
17
Investment Centers of America
North Dakota
$531K +$51.5K +2,640 +11%
BNP Paribas Financial Markets
18
BNP Paribas Financial Markets
France
$326K +$70.2K +3,600 +27%
Citadel Advisors
19
Citadel Advisors
Florida
$296K -$176K -9,040 -37%
BFG
20
Bouchey Financial Group
New York
$232K – – –
VKH
21
Virtu KCG Holdings
New York
$221K -$348K -17,816 -61%
LPL Financial
22
LPL Financial
California
$206K -$68.3K -3,500 -24%
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$202K -$48.8K -2,504 -19%
Bank of America
24
Bank of America
North Carolina
$147K -$668K -34,244 -82%
Walleye Trading
25
Walleye Trading
New York
$139K +$55.7K +2,856 +67%
1
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SPXL Hedge Fund Activity: Q3 2014 in Review

31 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2014, worth a combined $49.5M — down 0.01% from $49.5M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of SPXL and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 9 added.

The largest buyer was Two Sigma Investments, adding an estimated $7.08M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $8.77M sold.

  • 31 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2014, down from 33 in Q2 2014.
  • Funds reported $49.5M of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2014, down 0.01% quarter-over-quarter.
  • 4 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2014 and 6 closed out, a net change of -2 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2014 was Two Sigma Investments, an estimated $7.08M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2014 was Susquehanna International Group, an estimated $8.77M sold.

Based on aggregated 13F filings for Q3 2014.