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Direxion Daily S&P 500 Bear 3x ETF

45 hedge funds and large institutions have $53.1M invested in Direxion Daily S&P 500 Bear 3x ETF in 2025 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

279% more call options, than puts

Call options by funds: $22.8M | Put options by funds: $6.02M

75% more capital invested

Capital invested by funds: $30.3M → $53.1M (+$22.8M)

25% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 12

20% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 10

5% more funds holding

Funds holding: 4345 (+2)

0.47% more ownership

Funds ownership: 0.81%1.27% (+0.47%)

Holders
45
Holders Change
+2
Holders Change %
+4.65%
% of All Funds
0.6%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
15
Increased
12
Reduced
10
Closed
12
Calls
$22.8M
Puts
$6.02M
Net Calls
+$16.8M
Net Calls Change
+$12.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Wolverine Trading
26
Wolverine Trading
Illinois
$178K +$154K +2,449 New
4A
27
4Wealth Advisors
Illinois
$142K +$126K +2,000 New
LPL Financial
28
LPL Financial
California
$131K +$116K +1,846 New
AIA
29
Accelerate Investment Advisors
California
$116K +$103K +1,631 New
XT
30
XTX Topco
Cayman Islands
$99.4K -$28.5K -454 -25%
MSFP
31
Mark Sheptoff Financial Planning
Connecticut
$91.6K
ACM
32
Avalon Capital Management
California
$79.7K +$70.4K +1,120 New
WC
33
Waterloo Capital
Texas
$78.3K -$47.2K -750 -41%
JWA
34
JFS Wealth Advisors
Pennsylvania
$45.6K +$8.8K +140 +28%
PS
35
PayPay Securities
Japan
$39K -$10.6K -168 -23%
SC
36
SouthState Corp
Florida
$28.5K +$25.1K +400 New
WTC
37
WhitTier Trust Company
Nevada
$16.6K
SWM
38
Spire Wealth Management
Virginia
$15.8K
AWM
39
AllSquare Wealth Management
New York
$14.5K
Osaic Holdings
40
Osaic Holdings
Arizona
$13.3K -$5.09K -81 -30%
FS
41
Financially Speaking
Colorado
$11K +$9.74K +155 New
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$7.12K +$6.29K +100 New
Qube Research & Technologies (QRT)
43
Qube Research & Technologies (QRT)
United Kingdom
$1.69K -$5.28K -84 -78%
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$320
FDCDDQ
45
Federation des caisses Desjardins du Quebec
Quebec, Canada
$100 -$64.1K -1,020 -100%
CA
46
Continuum Advisory
Idaho
$28
VF
47
Virtu Financial
New York
-$4.87M -77,572 Closed
GS
48
GTS Securities
New York
-$919K -14,617 Closed
Walleye Capital
49
Walleye Capital
New York
-$222K -3,540 Closed
JP Morgan Chase
50
JP Morgan Chase
New York
-$187K -2,982 Closed

SPXS Hedge Fund Activity: Q1 2025 in Review

45 of the 7,461 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q1 2025, worth a combined $53.1M — up 75% from $30.3M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new SPXS positions and 12 closed out — a net gain of 3 holders — while 12 added to existing stakes and 10 trimmed.

The largest buyer was Jane Street, adding an estimated $6.93M. The largest seller was Virtu Financial, exiting entirely with an estimated $4.87M sold.

  • 45 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q1 2025, up from 43 in Q4 2024.
  • Funds reported $53.1M of Direxion Daily S&P 500 Bear 3x ETF stock for Q1 2025, up 75% quarter-over-quarter.
  • 15 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q1 2025 and 12 closed out, a net change of +3 holders.
  • The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q1 2025 was Jane Street, an estimated $6.93M added.
  • The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q1 2025 was Virtu Financial, an estimated $4.87M sold.

Based on aggregated 13F filings for Q1 2025.