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Direxion Daily S&P 500 Bull 3x ETF
SPXL

40 hedge funds and large institutions have $40M invested in Direxion Daily S&P 500 Bull 3x ETF in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more call options, than puts

Call options by funds: $58.6M | Put options by funds: $33.7M

0% more funds holding

Funds holding: 40 → 40 (0)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

6.56% less ownership

Funds ownership: 34.82% → 28.26% (-6.6%)

27% less capital invested

Capital invested by funds: $54.5M → $40M (-$14.6M)

68% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 22

Holders
40
Holders Change
–
Holders Change %
0%
% of All Funds
1.07%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
7
Reduced
22
Closed
7
Calls
$58.6M
Puts
$33.7M
Net Calls
+$24.9M
Net Calls Change
+$13.2M

Top Buyers

1
TCM
Tuttle Capital Management
Connecticut
+$2.05M
2
JT
Jump Trading
Illinois
+$1.31M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$1.19M
4
BPGAM
BTG Pactual Global Asset Management
Bermuda
+$939K
5
Two Sigma Investments
Two Sigma Investments
New York
+$502K

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$6.19M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.7M
3
Barclays
Barclays
United Kingdom
-$2.46M
4
TRCT
Tower Research Capital (TRC)
New York
-$2.24M
5
TH
Timber Hill
Connecticut
-$1.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
Barclays
1
Barclays
United Kingdom
$7.19M -$2.46M -111,788 -25%
Envestnet Asset Management
2
Envestnet Asset Management
Illinois
$3.73M +$446K +20,240 +14%
GA
3
GFS Advisors
Texas
$3.71M – – –
Susquehanna International Group
4
Susquehanna International Group
Pennsylvania
$2.86M -$3.7M -167,752 -56%
Cambridge Investment Research Advisors
5
Cambridge Investment Research Advisors
Iowa
$2.25M -$405K -18,388 -15%
TCM
6
Tuttle Capital Management
Connecticut
$2.05M +$2.05M +92,904 New
WAM
7
Wolverine Asset Management
Illinois
$1.67M -$466K -21,160 -22%
Morgan Stanley
8
Morgan Stanley
New York
$1.64M -$423K -19,192 -21%
JT
9
Jump Trading
Illinois
$1.31M +$1.31M +59,256 New
TCM
10
Traynor Capital Management
Pennsylvania
$1.25M -$18.1K -820 -1%
BNP Paribas Financial Markets
11
BNP Paribas Financial Markets
France
$1.19M +$1.19M +54,000 New
Two Sigma Investments
12
Two Sigma Investments
New York
$1.09M +$502K +22,800 +86%
Goldman Sachs
13
Goldman Sachs
New York
$1.06M -$86.8K -3,940 -8%
CPSAC
14
Chas P. Smith & Associates (CPS)
Florida
$1.04M -$977K -44,320 -49%
BPGAM
15
BTG Pactual Global Asset Management
Bermuda
$942K +$939K +42,584 New
Two Sigma Advisers
16
Two Sigma Advisers
New York
$769K -$238K -10,800 -24%
Franklin Resources
17
Franklin Resources
California
$743K – – –
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$645K -$301K -13,680 -32%
Jane Street
19
Jane Street
New York
$642K -$536K -24,308 -46%
ICOA
20
Investment Centers of America
North Dakota
$590K +$17.6K +800 +3%
AC
21
AFAM Capital
Texas
$503K -$154K -7,000 -24%
Simplex Trading
22
Simplex Trading
Illinois
$405K +$405K +18,356 New
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$342K +$54.4K +2,468 +19%
JIC
24
Johnson Investment Counsel
Ohio
$280K +$53.2K +2,412 +23%
VKH
25
Virtu KCG Holdings
New York
$273K +$55.7K +2,528 +26%
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SPXL Hedge Fund Activity: Q1 2015 in Review

40 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2015, worth a combined $40M — down 27% from $54.5M a quarter earlier.

Fund positioning in SPXL was balanced in Q1 2015: 7 funds opened new positions, 7 closed out, 7 added to existing stakes and 22 trimmed.

The largest buyer was Tuttle Capital Management, opening a new position worth an estimated $2.05M. The largest seller was Royal Bank of Canada, cutting an estimated $6.19M.

  • 40 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2015, unchanged from Q4 2014.
  • Funds reported $40M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2015, down 27% quarter-over-quarter.
  • 7 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2015 and 7 closed out, a net change of 0 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2015 was Tuttle Capital Management, an estimated $2.05M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2015 was Royal Bank of Canada, an estimated $6.19M sold.

Based on aggregated 13F filings for Q1 2015.