Direxion Daily S&P 500 Bull 3x ETF
SPXL
101 hedge funds and large institutions have $428M invested in Direxion Daily S&P 500 Bull 3x ETF in 2023 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 30 increasing their positions, 25 reducing their positions, and 16 closing their positions.
50% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 16
37% more call options, than puts
Call options by funds: $98.9M | Put options by funds: $72.1M
20% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 25
6% more funds holding
Funds holding: 95 → 101 (+6)
1.47% more ownership
Funds ownership: 12.47% → 13.94% (+1.5%)
10% less capital invested
Capital invested by funds: $475M → $428M (-$46.7M)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
+$24.3M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$15.4M |
| 3 |
JF
Jump Financial
Chicago,
Illinois
|
+$6.41M |
| 4 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
+$4.8M |
| 5 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
+$2.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$16M |
| 2 |
Jane Street
New York
|
-$8.71M |
| 3 |
PIS
PPSC Investment Service
Tokyo,
Japan
|
-$5.43M |
| 4 |
G
Gainplan
Bloomfield Hills,
Michigan
|
-$5.38M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$3.6M |
SPXL Hedge Fund Activity: Q3 2023 in Review
101 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2023, worth a combined $428M — down 9.8% from $475M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new SPXL positions and 16 closed out — a net gain of 8 holders — while 30 added to existing stakes and 25 trimmed.
The largest buyer was IMC Chicago, opening a new position worth an estimated $24.3M. The largest seller was Citadel Advisors, cutting an estimated $16M.
- 101 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2023, up from 95 in Q2 2023.
- Funds reported $428M of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2023, down 9.8% quarter-over-quarter.
- 24 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2023 and 16 closed out, a net change of +8 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2023 was IMC Chicago, an estimated $24.3M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2023 was Citadel Advisors, an estimated $16M sold.
Based on aggregated 13F filings for Q3 2023.