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Direxion Daily S&P 500 Bull 3x ETF
SPXL

43 hedge funds and large institutions have $41.1M invested in Direxion Daily S&P 500 Bull 3x ETF in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more call options, than puts

Call options by funds: $139M | Put options by funds: $120M

3.12% more ownership

Funds ownership: 26.05% → 29.17% (+3.1%)

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

2% less funds holding

Funds holding: 44 → 43 (-1)

9% less capital invested

Capital invested by funds: $45.1M → $41.1M (-$3.94M)

12% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 17

Holders
43
Holders Change
-1
Holders Change %
-2.27%
% of All Funds
1.15%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.05%
New
10
Increased
15
Reduced
17
Closed
11
Calls
$139M
Puts
$120M
Net Calls
+$19.3M
Net Calls Change
+$28.7M

Top Buyers

1
Barclays
Barclays
United Kingdom
+$3.52M
2
JT
Jump Trading
Illinois
+$2.66M
3
Simplex Trading
Simplex Trading
Illinois
+$1.83M
4
CT
CMT Trading
Illinois
+$1.26M
5
Morgan Stanley
Morgan Stanley
New York
+$1.08M

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$4.13M
2
GA
GFS Advisors
Texas
-$3.47M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.1M
4
WAM
Wolverine Asset Management
Illinois
-$2.89M
5
GA
Geneva Advisors
Illinois
-$2.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
Barclays
1
Barclays
United Kingdom
$4.08M +$3.52M +196,500 New
TCM
2
Traynor Capital Management
Pennsylvania
$3.63M +$728K +40,680 +31%
JT
3
Jump Trading
Illinois
$3.11M +$2.66M +148,696 New
TRCT
4
Tower Research Capital (TRC)
New York
$2.89M +$1.06M +59,252 +75%
Cambridge Investment Research Advisors
5
Cambridge Investment Research Advisors
Iowa
$2.57M -$28.8K -1,612 -1%
Simplex Trading
6
Simplex Trading
Illinois
$2.43M +$1.83M +102,336 +722%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$2.21M -$313K -17,480 -14%
Jane Street
8
Jane Street
New York
$2.07M +$132K +7,396 +8%
BNP Paribas Financial Markets
9
BNP Paribas Financial Markets
France
$1.97M -$1.69M -94,400 -50%
Morgan Stanley
10
Morgan Stanley
New York
$1.72M +$1.08M +60,500 +280%
TH
11
Timber Hill
Connecticut
$1.54M +$953K +53,260 +258%
CT
12
CMT Trading
Illinois
$1.47M +$1.26M +70,224 New
FTUS
13
Flow Traders U.S.
New York
$1.44M +$993K +55,524 +414%
Susquehanna International Group
14
Susquehanna International Group
Pennsylvania
$1.2M -$3.1M -173,412 -75%
HighTower Advisors
15
HighTower Advisors
Illinois
$882K +$247K +13,824 +49%
VKH
16
Virtu KCG Holdings
New York
$648K -$26.7K -1,492 -5%
CPSAC
17
Chas P. Smith & Associates (CPS)
Florida
$645K -$221K -12,352 -29%
USGIU
18
U.S. Global Investors (USGI)
Texas
$628K +$537K +30,000 New
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$589K -$4.13M -231,036 -89%
HCM
20
Hollencrest Capital Management
California
$502K -$232K -12,960 -35%
Citadel Advisors
21
Citadel Advisors
Florida
$451K +$273K +15,240 +241%
LTFS
22
Ladenburg Thalmann Financial Services
Florida
$417K -$48.2K -2,696 -12%
Goldman Sachs
23
Goldman Sachs
New York
$379K -$702K -39,248 -68%
AC
24
AFAM Capital
Texas
$372K -$3.22K -180 -1%
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$370K +$24.2K +1,352 +8%
1
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SPXL Hedge Fund Activity: Q1 2016 in Review

43 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2016, worth a combined $41.1M — down 8.7% from $45.1M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of SPXL and 10 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 15 added.

The largest buyer was Barclays, opening a new position worth an estimated $3.52M. The largest seller was Royal Bank of Canada, cutting an estimated $4.13M.

  • 43 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2016, down from 44 in Q4 2015.
  • Funds reported $41.1M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2016, down 8.7% quarter-over-quarter.
  • 10 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2016 and 11 closed out, a net change of -1 holder.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2016 was Barclays, an estimated $3.52M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2016 was Royal Bank of Canada, an estimated $4.13M sold.

Based on aggregated 13F filings for Q1 2016.