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Direxion Daily S&P 500 Bull 3x ETF

91 hedge funds and large institutions have $448M invested in Direxion Daily S&P 500 Bull 3x ETF in 2023 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more call options, than puts

Call options by funds: $146M | Put options by funds: $63.5M

27% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 15

5% more capital invested

Capital invested by funds: $425M → $448M (+$22.9M)

8% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 24

1% less funds holding

Funds holding: 9291 (-1)

1.93% less ownership

Funds ownership: 16.8%14.87% (-1.9%)

10% less funds holding in top 10

Funds holding in top 10: 109 (-1)

Holders
91
Holders Change
-1
Holders Change %
-1.09%
% of All Funds
1.45%
Holding in Top 10
9
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-10%
% of All Funds
0.14%
New
19
Increased
26
Reduced
24
Closed
15
Calls
$146M
Puts
$63.5M
Net Calls
+$82.3M
Net Calls Change
+$42.6M
Name Holding Trade Value Shares
Change
Change in
Stake
PIS
1
PPSC Investment Service
Japan
$212M +$14.8M +214,000 +8%
Citadel Advisors
2
Citadel Advisors
Florida
$52.9M +$25.9M +375,668 +108%
WA
3
Wealthstar Advisors
Texas
$52.9M +$1.45M +21,025 +3%
PA
4
Paragon Advisors
Texas
$16.9M +$504K +7,299 +3%
Susquehanna International Group
5
Susquehanna International Group
Pennsylvania
$14.2M -$4.56M -66,058 -25%
IMC Chicago
6
IMC Chicago
Illinois
$11.6M -$1.86M -26,958 -15%
NAM
7
Nexpoint Asset Management
Texas
$10.6M
G
8
Gainplan
Michigan
$10.6M +$10M +145,200 New
Jane Street
9
Jane Street
New York
$6.18M -$2.65M -38,334 -31%
VF
10
Virtu Financial
New York
$6.02M +$2.93M +42,352 +106%
TRCT
11
Tower Research Capital (TRC)
New York
$5.9M +$1.88M +27,258 +51%
CPSAC
12
Chas P. Smith & Associates (CPS)
Florida
$4.29M +$324K +4,689 +9%
HF
13
HRT Financial
New York
$4.19M -$13.4M -193,404 -77%
Goldman Sachs
14
Goldman Sachs
New York
$3.98M -$69.8M -1,010,793 -95%
Wolverine Trading
15
Wolverine Trading
Illinois
$2.94M +$1.51M +21,858 +109%
DS
16
DRW Securities
Illinois
$2.57M +$1.26M +18,258 +108%
WWM
17
Westwood Wealth Management
California
$2.28M +$278K +4,025 +15%
JP Morgan Chase
18
JP Morgan Chase
New York
$2.08M +$159K +2,301 +9%
Morgan Stanley
19
Morgan Stanley
New York
$2.04M -$722K -10,452 -27%
COCM
20
Charter Oak Capital Management
New Hampshire
$1.89M +$32.1K +465 +2%
SWM
21
Spire Wealth Management
Virginia
$1.84M +$579K +8,387 +50%
IWP
22
Insight Wealth Partners
Texas
$1.52M +$78.6K +1,138 +6%
LFA
23
LifeGuide Financial Advisors
Pennsylvania
$1.39M -$112K -1,619 -8%
Squarepoint
24
Squarepoint
New York
$1.15M +$1.09M +15,775 New
FTUS
25
Flow Traders U.S.
New York
$1.06M +$997K +14,429 New

SPXL Hedge Fund Activity: Q1 2023 in Review

91 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2023, worth a combined $448M — up 5.4% from $425M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new SPXL positions and 15 closed out — a net gain of 4 holders — while 26 added to existing stakes and 24 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $25.9M. The largest seller was Goldman Sachs, cutting an estimated $69.8M.

  • 91 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2023, down from 92 in Q4 2022.
  • Funds reported $448M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2023, up 5.4% quarter-over-quarter.
  • 19 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2023 and 15 closed out, a net change of +4 holders.
  • The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2023 was Citadel Advisors, an estimated $25.9M added.
  • The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2023 was Goldman Sachs, an estimated $69.8M sold.

Based on aggregated 13F filings for Q1 2023.