Direxion Daily S&P 500 Bull 3x ETF
SPXL
118 hedge funds and large institutions have $553M invested in Direxion Daily S&P 500 Bull 3x ETF in 2024 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 31 increasing their positions, 27 reducing their positions, and 18 closing their positions.
81% more call options, than puts
Call options by funds: $196M | Put options by funds: $108M
56% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 18
15% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 27
6% more funds holding
Funds holding: 111 → 118 (+7)
3.89% less ownership
Funds ownership: 15.98% → 12.09% (-3.9%)
18% less capital invested
Capital invested by funds: $678M → $553M (-$125M)
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIS
PPSC Investment Service
Tokyo,
Japan
|
+$6.55M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.37M |
| 3 |
VF
Virtu Financial
New York
|
+$5.91M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$5.3M |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
+$3.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wealthstar Advisors
Plano,
Texas
|
-$83.6M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$53.8M |
| 3 |
GS
GTS Securities
New York
|
-$13.6M |
| 4 |
Jane Street
New York
|
-$12.7M |
| 5 |
HCS
Himension Capital (Singapore)
Singapore
|
-$11.7M |
SPXL Hedge Fund Activity: Q2 2024 in Review
118 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2024, worth a combined $553M — down 18% from $678M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new SPXL positions and 18 closed out — a net gain of 10 holders — while 31 added to existing stakes and 27 trimmed.
The largest buyer was PPSC Investment Service, adding an estimated $6.55M. The largest seller was Wealthstar Advisors, exiting entirely with an estimated $83.6M sold.
- 118 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2024, up from 111 in Q1 2024.
- Funds reported $553M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2024, down 18% quarter-over-quarter.
- 28 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2024 and 18 closed out, a net change of +10 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2024 was PPSC Investment Service, an estimated $6.55M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2024 was Wealthstar Advisors, an estimated $83.6M sold.
Based on aggregated 13F filings for Q2 2024.