MAX S&P 500 4x Leveraged ETN
SPYU
12 hedge funds and large institutions have $5.07M invested in MAX S&P 500 4x Leveraged ETN in 2025 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 4 closing their positions.
0% more funds holding
Funds holding: 12 → 12 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
3.68% less ownership
Funds ownership: 3.68% → 0% (-3.7%)
23% less capital invested
Capital invested by funds: $6.55M → $5.07M (-$1.48M)
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFA
Millington Financial Advisors
Naperville,
Illinois
|
+$255K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$97.8K |
| 3 |
Goldman Sachs
New York
|
+$43K |
| 4 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$21.6K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$5.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
GTS Securities
New York
|
-$848K |
| 2 |
HF
HRT Financial
New York
|
-$772K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$742K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$273K |
| 5 |
TFA
Toth Financial Advisory
Leesburg,
Virginia
|
-$55.8K |
SPYU Hedge Fund Activity: Q3 2025 in Review
12 of the 7,629 institutional investors tracked by Wall St. Rank reported a position in MAX S&P 500 4x Leveraged ETN (SPYU) for Q3 2025, worth a combined $5.07M — down 23% from $6.55M a quarter earlier.
Fund positioning in SPYU was balanced in Q3 2025: 4 funds opened new positions, 4 closed out, 3 added to existing stakes and 5 trimmed.
The largest buyer was Millington Financial Advisors, adding an estimated $255K. The largest seller was GTS Securities, exiting entirely with an estimated $848K sold.
- 12 institutional investors held MAX S&P 500 4x Leveraged ETN (SPYU) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $5.07M of MAX S&P 500 4x Leveraged ETN stock for Q3 2025, down 23% quarter-over-quarter.
- 4 funds opened new MAX S&P 500 4x Leveraged ETN positions in Q3 2025 and 4 closed out, a net change of 0 holders.
- The largest MAX S&P 500 4x Leveraged ETN buyer in Q3 2025 was Millington Financial Advisors, an estimated $255K added.
- The largest MAX S&P 500 4x Leveraged ETN seller in Q3 2025 was GTS Securities, an estimated $848K sold.
Based on aggregated 13F filings for Q3 2025.