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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$21.3M |
| 2 |
Jane Street
New York
|
+$18.3M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$7.16M |
| 4 |
HSA
HBK Sorce Advisory
Erie,
Pennsylvania
|
+$4.86M |
| 5 |
CIC
Canal Insurance Company
Greenville,
South Carolina
|
+$3.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KC
Kingfisher Capital
Charlotte,
North Carolina
|
-$13.8M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.41M |
| 3 |
CG
Cutler Group
San Francisco,
California
|
-$3.38M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$3.21M |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
-$1.91M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KC
51
Kingfisher Capital
Charlotte,
North Carolina
| – | -$13.8M | -61,686 | Closed |
|
|
52
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$4.41M | -22,516 | Closed |
|
|
SL
53
Sentinus LLC
Oak Brook,
Illinois
| – | -$1.62M | -7,279 | Closed |
|
|
CCA
54
Cruiser Capital Advisors
Stamford,
Connecticut
| – | -$1.02M | -4,572 | Closed |
|
|
JHCP
55
Jackson Hole Capital Partners
Tulsa,
Oklahoma
| – | -$911K | -4,085 | Closed |
|
56
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$524K | -2,351 | Closed |
|
|
MG
57
Marex Group
London,
| – | -$290K | -1,310 | Closed |
|
|
WEG
58
World Equity Group
Schaumburg,
Illinois
| – | -$233K | -1,046 | Closed |
|
59
Two Sigma Investments
New York
| – | -$227K | -1,020 | Closed |
|
|
BC
60
Belmont Capital
Los Angeles,
California
| – | -$11K | -50 | Closed |
|
|
ACM
61
Antonetti Capital Management
Naples,
Florida
| – | -$892 | -4 | Closed |
|
|
FGAM
62
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$1.95K | -2 | Closed |
|
|
NA
63
NewEdge Advisors
New Orleans,
Louisiana
| – | -$268 | -1 | Closed |
|
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.