Direxion Daily S&P 500 Bull 3x ETF
SPXL
154 hedge funds and large institutions have $1.16B invested in Direxion Daily S&P 500 Bull 3x ETF in 2025 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 41 increasing their positions, 56 reducing their positions, and 17 closing their positions.
65% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 17
38% more call options, than puts
Call options by funds: $486M | Put options by funds: $353M
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
6% more funds holding
Funds holding: 145 → 154 (+9)
5.86% less ownership
Funds ownership: 25.8% → 19.94% (-5.9%)
20% less capital invested
Capital invested by funds: $1.45B → $1.16B (-$291M)
27% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 56
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$5.56M |
| 2 |
BW
BXM Wealth
Englewood,
Colorado
|
+$5.27M |
| 3 |
Renaissance Technologies
New York
|
+$4.85M |
| 4 |
VF
Virtu Financial
New York
|
+$4.46M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$4.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFM
Potomac Fund Management
Miami,
Florida
|
-$234M |
| 2 |
WA
Wealthstar Advisors
Plano,
Texas
|
-$35.2M |
| 3 |
HCM
Howard Capital Management
Roswell,
Georgia
|
-$33.4M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
-$13M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$10.7M |
SPXL Hedge Fund Activity: Q4 2025 in Review
154 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q4 2025, worth a combined $1.16B — down 20% from $1.45B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new SPXL positions and 17 closed out — a net gain of 11 holders — while 41 added to existing stakes and 56 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $5.56M. The largest seller was Potomac Fund Management, exiting entirely with an estimated $234M sold.
- 154 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q4 2025, up from 145 in Q3 2025.
- Funds reported $1.16B of Direxion Daily S&P 500 Bull 3x ETF stock for Q4 2025, down 20% quarter-over-quarter.
- 28 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q4 2025 and 17 closed out, a net change of +11 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q4 2025 was Citadel Advisors, an estimated $5.56M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q4 2025 was Potomac Fund Management, an estimated $234M sold.
Based on aggregated 13F filings for Q4 2025.