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Direxion Daily S&P 500 Bull 3x ETF
SPXL

44 hedge funds and large institutions have $45.1M invested in Direxion Daily S&P 500 Bull 3x ETF in 2015 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 8

22% more funds holding

Funds holding: 36 → 44 (+8)

8% less capital invested

Capital invested by funds: $48.8M → $45.1M (-$3.7M)

11.35% less ownership

Funds ownership: 37.4% → 26.05% (-11%)

12% less call options, than puts

Call options by funds: $66.1M | Put options by funds: $75.5M

40% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 15

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
44
Holders Change
+8
Holders Change %
+22.22%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
16
Increased
9
Reduced
15
Closed
8
Calls
$66.1M
Puts
$75.5M
Net Calls
-$9.42M
Net Calls Change
+$38.4M

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$5.26M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$4.87M
3
GA
Geneva Advisors
Illinois
+$2.09M
4
HCM
Hollencrest Capital Management
California
+$780K
5
HighTower Advisors
HighTower Advisors
Illinois
+$599K

Top Sellers

1
VF
Virtu Financial
New York
-$12.8M
2
TRCT
Tower Research Capital (TRC)
New York
-$3.81M
3
Citigroup
Citigroup
New York
-$2.31M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$2.23M
5
Two Sigma Investments
Two Sigma Investments
New York
-$1.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$5.37M +$5.26M +249,152 +2,470%
Susquehanna International Group
2
Susquehanna International Group
Pennsylvania
$4.79M +$4.87M +230,944 New
BNP Paribas Financial Markets
3
BNP Paribas Financial Markets
France
$3.91M -$2.23M -105,600 -36%
GA
4
GFS Advisors
Texas
$3.47M – – –
WAM
5
Wolverine Asset Management
Illinois
$3.35M +$185K +8,748 +6%
TCM
6
Traynor Capital Management
Pennsylvania
$2.75M +$127K +6,000 +5%
Cambridge Investment Research Advisors
7
Cambridge Investment Research Advisors
Iowa
$2.59M -$353K -16,744 -12%
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$2.55M -$328K -15,552 -11%
GA
9
Geneva Advisors
Illinois
$2.05M +$2.09M +99,140 New
Jane Street
10
Jane Street
New York
$1.9M +$367K +17,372 +23%
TRCT
11
Tower Research Capital (TRC)
New York
$1.64M -$3.81M -180,364 -70%
Goldman Sachs
12
Goldman Sachs
New York
$1.19M +$4.89K +232 +0.4%
Two Sigma Advisers
13
Two Sigma Advisers
New York
$970K -$490K -23,200 -33%
CPSAC
14
Chas P. Smith & Associates (CPS)
Florida
$895K +$27K +1,280 +3%
HCM
15
Hollencrest Capital Management
California
$766K +$780K +36,960 New
VKH
16
Virtu KCG Holdings
New York
$674K -$1.05M -49,668 -60%
HighTower Advisors
17
HighTower Advisors
Illinois
$588K +$599K +28,400 New
ICOA
18
Investment Centers of America
North Dakota
$517K – – –
Citigroup
19
Citigroup
New York
$474K -$2.31M -109,708 -83%
LTFS
20
Ladenburg Thalmann Financial Services
Florida
$469K -$42.2K -2,000 -8%
Morgan Stanley
21
Morgan Stanley
New York
$447K +$20.7K +980 +5%
TH
22
Timber Hill
Connecticut
$427K +$435K +20,632 New
AC
23
AFAM Capital
Texas
$373K +$379K +17,980 New
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$339K -$94.9K -4,496 -22%
Simplex Trading
25
Simplex Trading
Illinois
$293K -$642K -30,424 -68%
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SPXL Hedge Fund Activity: Q4 2015 in Review

44 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q4 2015, worth a combined $45.1M — down 7.6% from $48.8M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new SPXL positions and 8 closed out — a net gain of 8 holders — while 9 added to existing stakes and 15 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $5.26M. The largest seller was Virtu Financial, exiting entirely with an estimated $12.8M sold.

  • 44 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q4 2015, up from 36 in Q3 2015.
  • Funds reported $45.1M of Direxion Daily S&P 500 Bull 3x ETF stock for Q4 2015, down 7.6% quarter-over-quarter.
  • 16 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q4 2015 and 8 closed out, a net change of +8 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q4 2015 was Royal Bank of Canada, an estimated $5.26M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q4 2015 was Virtu Financial, an estimated $12.8M sold.

Based on aggregated 13F filings for Q4 2015.