Direxion Daily S&P 500 Bull 3x ETF
SPXL
145 hedge funds and large institutions have $1.45B invested in Direxion Daily S&P 500 Bull 3x ETF in 2025 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 38 increasing their positions, 57 reducing their positions, and 19 closing their positions.
63% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 19
7% more funds holding
Funds holding: 135 → 145 (+10)
0.68% less ownership
Funds ownership: 26.48% → 25.8% (-0.68%)
6% less call options, than puts
Call options by funds: $437M | Put options by funds: $463M
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
33% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 57
89% less capital inflows, than outflows
Capital inflows: $37.9M | Capital outflows: $336M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Quadrature Capital
London,
United Kingdom
|
+$8.64M |
| 2 |
Flow Traders U.S.
New York
|
+$3.81M |
| 3 |
Jump Financial
Chicago,
Illinois
|
+$2.47M |
| 4 |
HT
Headlands Technologies
Chicago,
Illinois
|
+$2.42M |
| 5 |
Optiver Holding
Amsterdam,
Netherlands
|
+$2.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Potomac Fund Management
Miami,
Florida
|
-$110M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$75.7M |
| 3 |
WA
Wealthstar Advisors
Plano,
Texas
|
-$28.9M |
| 4 |
GTS Securities
Miami,
Florida
|
-$17.9M |
| 5 |
Howard Capital Management
Roswell,
Georgia
|
-$15.1M |
SPXL Hedge Fund Activity: Q3 2025 in Review
145 of the 7,647 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2025, worth a combined $1.45B — down 0.75% from $1.46B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new SPXL positions and 19 closed out — a net gain of 12 holders — while 38 added to existing stakes and 57 trimmed.
The largest buyer was Quadrature Capital, adding an estimated $8.64M. The largest seller was Potomac Fund Management, cutting an estimated $110M.
- 145 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2025, up from 135 in Q2 2025.
- Funds reported $1.45B of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2025, down 0.75% quarter-over-quarter.
- 31 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2025 and 19 closed out, a net change of +12 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2025 was Quadrature Capital, an estimated $8.64M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2025 was Potomac Fund Management, an estimated $110M sold.
Based on aggregated 13F filings for Q3 2025.