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Direxion Daily S&P 500 Bear 3x ETF
SPXS

49 hedge funds and large institutions have $96.3M invested in Direxion Daily S&P 500 Bear 3x ETF in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $87.3M → $96.3M (+$9.05M)

8% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 13

0.22% more ownership

Funds ownership: 0.93% → 1.16% (+0.22%)

0% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 13

4% less call options, than puts

Call options by funds: $31.6M | Put options by funds: $33.1M

2% less funds holding

Funds holding: 50 → 49 (-1)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
49
Holders Change
-1
Holders Change %
-2%
% of All Funds
0.78%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
14
Increased
13
Reduced
13
Closed
13
Calls
$31.6M
Puts
$33.1M
Net Calls
-$1.48M
Net Calls Change
-$29.8M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$21.3M
2
Jane Street
Jane Street
New York
+$18.3M
3
Simplex Trading
Simplex Trading
Illinois
+$7.16M
4
HSA
HBK Sorce Advisory
Pennsylvania
+$4.86M
5
CIC
Canal Insurance Company
South Carolina
+$3.79M

Top Sellers

Rank Fund Capital Flow
1
KC
Kingfisher Capital
North Carolina
-$13.8M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.41M
3
CG
Cutler Group
California
-$3.38M
4
Citadel Advisors
Citadel Advisors
Florida
-$3.21M
5
JF
Jump Financial
Illinois
-$1.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$225K +$249K +1,270 New
Belvedere Trading
27
Belvedere Trading
Illinois
$194K +$215K +1,095 New
SC
28
Searle & Co
Connecticut
$183K +$211K +1,075 New
IAN
29
Integrated Advisors Network
Texas
$178K +$197K +1,005 New
CP
30
Castleview Partners
Texas
$133K +$147K +750 New
HCM
31
Hollencrest Capital Management
California
$105K – – –
MSFP
32
Mark Sheptoff Financial Planning
Connecticut
$91.6K -$3.92K -20 -5%
JWA
33
JFS Wealth Advisors
Pennsylvania
$88.5K – – –
PS
34
PayPay Securities
Japan
$88.5K +$37.2K +190 +61%
Osaic Holdings
35
Osaic Holdings
Arizona
$65.8K +$63.3K +323 +659%
CG
36
Cutler Group
California
$52K -$3.38M -17,235 -98%
HFM
37
Hartford Financial Management
Connecticut
$51K +$19.2K +98 +52%
AWM
38
AllSquare Wealth Management
New York
$41.4K – – –
WTC
39
WhitTier Trust Company
Nevada
$41.2K – – –
SWM
40
Spire Wealth Management
Virginia
$24.2K +$392 +2 +1%
Citigroup
41
Citigroup
New York
$17.7K – – –
UBS Group
42
UBS Group
Switzerland
$14.7K +$16.1K +82 +8,200%
Fifth Third Bancorp
43
Fifth Third Bancorp
Ohio
$6.43K – – –
TCWA
44
Ten Capital Wealth Advisors
Washington
$5.63K – – –
IA
45
IFP Advisors
Florida
$2.82K -$3.53K -18 -69%
GRP
46
Global Retirement Partners
California
$1.23K +$1.37K +7 New
FDCDDQ
47
Federation des caisses Desjardins du Quebec
Quebec, Canada
$957 – – –
Bank of Montreal
48
Bank of Montreal
Ontario, Canada
$887 -$55K -281 -98%
NSIM
49
North Star Investment Management
Illinois
$708 – – –
Fidelity Investments
50
Fidelity Investments
Massachusetts
$18 – – –
1
2
3

SPXS Hedge Fund Activity: Q1 2023 in Review

49 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q1 2023, worth a combined $96.3M — up 10% from $87.3M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SPXS positions and 13 closed out — a net gain of 1 holder — while 13 added to existing stakes and 13 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $21.3M. The largest seller was Kingfisher Capital, exiting entirely with an estimated $13.8M sold.

  • 49 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q1 2023, down from 50 in Q4 2022.
  • Funds reported $96.3M of Direxion Daily S&P 500 Bear 3x ETF stock for Q1 2023, up 10% quarter-over-quarter.
  • 14 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q1 2023 and 13 closed out, a net change of +1 holder.
  • The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q1 2023 was Goldman Sachs, an estimated $21.3M added.
  • The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q1 2023 was Kingfisher Capital, an estimated $13.8M sold.

Based on aggregated 13F filings for Q1 2023.