Direxion Daily S&P 500 Bull 3x ETF
SPXL
137 hedge funds and large institutions have $697M invested in Direxion Daily S&P 500 Bull 3x ETF in 2026 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 45 increasing their positions, 44 reducing their positions, and 39 closing their positions.
40% more call options, than puts
Call options by funds: $369M | Put options by funds: $264M
2% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 44
4.48% less ownership
Funds ownership: 19.94% → 15.46% (-4.5%)
11% less funds holding
Funds holding: 154 → 137 (-17)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
40% less capital invested
Capital invested by funds: $1.16B → $697M (-$463M)
41% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$21.5M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$7.28M |
| 3 |
XT
XTX Topco
George Town,
Cayman Islands
|
+$5.15M |
| 4 |
WWM
Westwood Wealth Management
Los Angeles,
California
|
+$4.14M |
| 5 |
JSSH
J. Safra Sarasin Holding
|
+$3.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Howard Capital Management
Roswell,
Georgia
|
-$310M |
| 2 |
VF
Virtu Financial
New York
|
-$12.3M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$5.51M |
| 4 |
Renaissance Technologies
New York
|
-$4.92M |
| 5 |
BW
BXM Wealth
Englewood,
Colorado
|
-$4.69M |
SPXL Hedge Fund Activity: Q1 2026 in Review
137 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2026, worth a combined $697M — down 40% from $1.16B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of SPXL and 23 opened new positions — a net loss of 16 holders — while 44 trimmed existing stakes and 45 added.
The largest buyer was Goldman Sachs, adding an estimated $21.5M. The largest seller was Howard Capital Management, cutting an estimated $310M.
- 137 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2026, down from 154 in Q4 2025.
- Funds reported $697M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2026, down 40% quarter-over-quarter.
- 23 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2026 and 39 closed out, a net change of -16 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2026 was Goldman Sachs, an estimated $21.5M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2026 was Howard Capital Management, an estimated $310M sold.
Based on aggregated 13F filings for Q1 2026.