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Direxion Daily S&P 500 Bull 3x ETF
SPXL

36 hedge funds and large institutions have $48.8M invested in Direxion Daily S&P 500 Bull 3x ETF in 2015 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 3 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 3

30% more capital invested

Capital invested by funds: $37.5M → $48.8M (+$11.3M)

5.54% more ownership

Funds ownership: 31.86% → 37.4% (+5.5%)

0% more funds holding

Funds holding: 36 → 36 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

55% less call options, than puts

Call options by funds: $38.8M | Put options by funds: $86.6M

Holders
36
Holders Change
–
Holders Change %
0%
% of All Funds
1.01%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
18
Reduced
3
Closed
10
Calls
$38.8M
Puts
$86.6M
Net Calls
-$47.9M
Net Calls Change
-$50.1M

Top Buyers

1
VF
Virtu Financial
New York
+$15.4M
2
TRCT
Tower Research Capital (TRC)
New York
+$5.4M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$4.16M
4
WAM
Wolverine Asset Management
Illinois
+$3.08M
5
Citigroup
Citigroup
New York
+$2.76M

Top Sellers

1
TCM
Tuttle Capital Management
Connecticut
-$13.4M
2
Barclays
Barclays
United Kingdom
-$1.95M
3
JP Morgan Chase
JP Morgan Chase
New York
-$973K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$806K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$378K
Name Holding Trade Value Shares
Change 		Change in
Stake
VF
1
Virtu Financial
New York
$12.8M +$15.4M +741,276 New
BNP Paribas Financial Markets
2
BNP Paribas Financial Markets
France
$5.08M +$4.16M +200,000 +212%
TRCT
3
Tower Research Capital (TRC)
New York
$4.48M +$5.4M +259,440 New
GA
4
GFS Advisors
Texas
$2.89M – – –
WAM
5
Wolverine Asset Management
Illinois
$2.64M +$3.08M +148,120 +3,060%
Cambridge Investment Research Advisors
6
Cambridge Investment Research Advisors
Iowa
$2.44M +$908K +43,616 +45%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$2.39M -$378K -18,176 -12%
Citigroup
8
Citigroup
New York
$2.29M +$2.76M +132,580 New
TCM
9
Traynor Capital Management
Pennsylvania
$2.19M +$1.48M +70,960 +127%
VKH
10
Virtu KCG Holdings
New York
$1.42M +$1.36M +65,440 +391%
Two Sigma Investments
11
Two Sigma Investments
New York
$1.4M +$1.09M +52,400 +182%
Jane Street
12
Jane Street
New York
$1.28M +$657K +31,552 +74%
Two Sigma Advisers
13
Two Sigma Advisers
New York
$1.21M +$1.1M +52,800 +307%
Goldman Sachs
14
Goldman Sachs
New York
$987K +$820K +39,428 +222%
Simplex Trading
15
Simplex Trading
Illinois
$770K +$905K +43,468 +3,840%
CPSAC
16
Chas P. Smith & Associates (CPS)
Florida
$724K -$84.8K -4,076 -9%
ICOA
17
Investment Centers of America
North Dakota
$435K – – –
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$425K -$27.1K -1,304 -5%
CT
19
CMT Trading
Illinois
$402K +$484K +23,272 New
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$360K +$74.7K +3,588 +21%
Morgan Stanley
21
Morgan Stanley
New York
$356K +$406K +19,528 +1,801%
Creative Planning
22
Creative Planning
Kansas
$300K +$361K +17,356 New
JIC
23
Johnson Investment Counsel
Ohio
$281K +$75.7K +3,640 +29%
ED
24
Exane Derivatives
France
$251K +$128K +6,132 +73%
Citadel Advisors
25
Citadel Advisors
Florida
$241K +$291K +13,976 New
1
2

SPXL Hedge Fund Activity: Q3 2015 in Review

36 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2015, worth a combined $48.8M — up 30% from $37.5M a quarter earlier.

Fund positioning in SPXL was balanced in Q3 2015: 10 funds opened new positions, 10 closed out, 18 added to existing stakes and 3 trimmed.

The largest buyer was Virtu Financial, opening a new position worth an estimated $15.4M. The largest seller was Tuttle Capital Management, exiting entirely with an estimated $13.4M sold.

  • 36 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2015, unchanged from Q2 2015.
  • Funds reported $48.8M of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2015, up 30% quarter-over-quarter.
  • 10 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2015 and 10 closed out, a net change of 0 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2015 was Virtu Financial, an estimated $15.4M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2015 was Tuttle Capital Management, an estimated $13.4M sold.

Based on aggregated 13F filings for Q3 2015.