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Direxion Daily S&P 500 Bear 3x ETF
SPXS

52 hedge funds and large institutions have $192M invested in Direxion Daily S&P 500 Bear 3x ETF in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 20 increasing their positions, 7 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

205% more call options, than puts

Call options by funds: $28.3M | Put options by funds: $9.27M

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

186% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 7

99% more capital invested

Capital invested by funds: $96.3M → $192M (+$95.8M)

25% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 12

6% more funds holding

Funds holding: 49 → 52 (+3)

1.3% more ownership

Funds ownership: 1.16% → 2.45% (+1.3%)

Holders
52
Holders Change
+3
Holders Change %
+6.12%
% of All Funds
0.82%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.05%
New
15
Increased
20
Reduced
7
Closed
12
Calls
$28.3M
Puts
$9.27M
Net Calls
+$19M
Net Calls Change
+$20.5M

Top Buyers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
+$60.2M
2
Jane Street
Jane Street
New York
+$49.6M
3
G
Gainplan
Michigan
+$7.33M
4
VF
Virtu Financial
New York
+$4.83M
5
Citadel Advisors
Citadel Advisors
Florida
+$4.53M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$17.3M
2
JF
Jump Financial
Illinois
-$7.89M
3
Simplex Trading
Simplex Trading
Illinois
-$5.21M
4
Wolverine Trading
Wolverine Trading
Illinois
-$1.89M
5
CWM
Connecticut Wealth Management
Connecticut
-$797K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
51
Bank of Montreal
Ontario, Canada
$675 – – –
NSIM
52
North Star Investment Management
Illinois
$559 – – –
FGAM
53
Financial Gravity Asset Management
Texas
$459 +$167 +1 New
JF
54
Jump Financial
Illinois
– -$7.89M -44,553 Closed
Wolverine Trading
55
Wolverine Trading
Illinois
– -$1.89M -11,323 Closed
CWM
56
Connecticut Wealth Management
Connecticut
– -$797K -4,500 Closed
CCA
57
Cadent Capital Advisors
Oklahoma
– -$649K -3,665 Closed
Lido Advisors
58
Lido Advisors
California
– -$359K -2,025 Closed
MDSL
59
M.D. Sass LLC
New York
– -$349K -1,970 Closed
SG
60
StoneX Group
New York
– -$229K -1,295 Closed
Belvedere Trading
61
Belvedere Trading
Illinois
– -$194K -1,095 Closed
HFM
62
Hartford Financial Management
Connecticut
– -$51K -288 Closed
Fifth Third Bancorp
63
Fifth Third Bancorp
Ohio
– -$6.43K -36 Closed
TCWA
64
Ten Capital Wealth Advisors
Washington
– -$5.63K -32 Closed
IA
65
IFP Advisors
Florida
– -$2.82K -8 Closed
Fidelity Investments
66
Fidelity Investments
Massachusetts
– -$18 – –
1 2
3

SPXS Hedge Fund Activity: Q2 2023 in Review

52 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q2 2023, worth a combined $192M — up 99% from $96.3M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new SPXS positions and 12 closed out — a net gain of 3 holders — while 20 added to existing stakes and 7 trimmed.

The largest buyer was IMC Chicago, opening a new position worth an estimated $60.2M. The largest seller was Goldman Sachs, cutting an estimated $17.3M.

  • 52 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q2 2023, up from 49 in Q1 2023.
  • Funds reported $192M of Direxion Daily S&P 500 Bear 3x ETF stock for Q2 2023, up 99% quarter-over-quarter.
  • 15 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q2 2023 and 12 closed out, a net change of +3 holders.
  • The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q2 2023 was IMC Chicago, an estimated $60.2M added.
  • The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q2 2023 was Goldman Sachs, an estimated $17.3M sold.

Based on aggregated 13F filings for Q2 2023.