Direxion Daily S&P 500 Bear 3x ETF
SPXS
49 hedge funds and large institutions have $87.3M invested in Direxion Daily S&P 500 Bear 3x ETF in 2022 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 24 closing their positions.
149% more call options, than puts
Call options by funds: $47.3M | Put options by funds: $19M
73% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 11
0.72% less ownership
Funds ownership: 1.65% → 0.93% (-0.72%)
22% less funds holding
Funds holding: 63 → 49 (-14)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
45% less capital invested
Capital invested by funds: $159M → $87.3M (-$71.6M)
54% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$16.2M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
+$12.4M |
| 3 |
CG
Cutler Group
San Francisco,
California
|
+$4.01M |
| 4 |
MDSL
M.D. Sass LLC
New York
|
+$2.42M |
| 5 |
CCA
Cadent Capital Advisors
Tulsa,
Oklahoma
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$44.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$7.27M |
| 3 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$5.98M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$4.59M |
| 5 |
HF
HRT Financial
New York
|
-$3.77M |
SPXS Hedge Fund Activity: Q4 2022 in Review
49 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q4 2022, worth a combined $87.3M — down 45% from $159M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of SPXS and 11 opened new positions — a net loss of 13 holders — while 11 trimmed existing stakes and 19 added.
The largest buyer was Jane Street, adding an estimated $16.2M. The largest seller was IMC Chicago, exiting entirely with an estimated $44.8M sold.
- 49 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q4 2022, down from 63 in Q3 2022.
- Funds reported $87.3M of Direxion Daily S&P 500 Bear 3x ETF stock for Q4 2022, down 45% quarter-over-quarter.
- 11 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q4 2022 and 24 closed out, a net change of -13 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q4 2022 was Jane Street, an estimated $16.2M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q4 2022 was IMC Chicago, an estimated $44.8M sold.
Based on aggregated 13F filings for Q4 2022.