Direxion Daily S&P 500 Bear 3x ETF
SPXS
30 hedge funds and large institutions have $81M invested in Direxion Daily S&P 500 Bear 3x ETF in 2026 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 13 closing their positions.
187% more capital invested
Capital invested by funds: $28.2M → $81M (+$52.8M)
170% more call options, than puts
Call options by funds: $110M | Put options by funds: $40.7M
10.5% more ownership
Funds ownership: 7.58% → 18.08% (+10%)
3% more funds holding
Funds holding: 29 → 30 (+1)
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
Top Buyers
| 1 |
IMC Chicago
Chicago,
Illinois
|
+$29.5M |
| 2 |
RAM
Revere Asset Management
Dallas,
Texas
|
+$8.41M |
| 3 |
HW
Hamilton Wealth
Encino,
California
|
+$5.68M |
| 4 |
G
Gainplan
Bloomfield Hills,
Michigan
|
+$2.01M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.98M |
Top Sellers
| 1 |
JF
Jump Financial
Chicago,
Illinois
|
-$3.95M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$1.47M |
| 3 |
GS
GTS Securities
New York
|
-$1.28M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
-$1.06M |
| 5 |
VF
Virtu Financial
New York
|
-$946K |
SPXS Hedge Fund Activity: Q1 2026 in Review
30 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q1 2026, worth a combined $81M — up 187% from $28.2M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SPXS positions and 13 closed out — a net gain of 1 holder — while 6 added to existing stakes and 6 trimmed.
The largest buyer was IMC Chicago, adding an estimated $29.5M. The largest seller was Jump Financial, exiting entirely with an estimated $3.95M sold.
- 30 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q1 2026, up from 29 in Q4 2025.
- Funds reported $81M of Direxion Daily S&P 500 Bear 3x ETF stock for Q1 2026, up 187% quarter-over-quarter.
- 14 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q1 2026 and 13 closed out, a net change of +1 holder.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q1 2026 was IMC Chicago, an estimated $29.5M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q1 2026 was Jump Financial, an estimated $3.95M sold.
Based on aggregated 13F filings for Q1 2026.