MAX S&P 500 4x Leveraged ETN
SPYU
13 hedge funds and large institutions have $7.12M invested in MAX S&P 500 4x Leveraged ETN in 2026 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 1 reducing their positions, and 4 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 1
35% more capital invested
Capital invested by funds: $5.28M → $7.12M (+$1.84M)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
8% more funds holding
Funds holding: 12 → 13 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.27M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.05M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$339K |
| 4 |
TSS
Two Sigma Securities
New York
|
+$300K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$182K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$415K |
| 2 |
MCM
Mainstay Capital Management
Grand Blanc,
Michigan
|
-$259K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.81K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1K |
| 5 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
-$522 |
SPYU Hedge Fund Activity: Q1 2026 in Review
13 of the 8,206 institutional investors tracked by Wall St. Rank reported a position in MAX S&P 500 4x Leveraged ETN (SPYU) for Q1 2026, worth a combined $7.12M — up 35% from $5.28M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SPYU positions and 4 closed out — a net gain of 1 holder — while 5 added to existing stakes and 1 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $1.27M. The largest seller was Goldman Sachs, exiting entirely with an estimated $415K sold.
- 13 institutional investors held MAX S&P 500 4x Leveraged ETN (SPYU) as of Q1 2026, up from 12 in Q4 2025.
- Funds reported $7.12M of MAX S&P 500 4x Leveraged ETN stock for Q1 2026, up 35% quarter-over-quarter.
- 5 funds opened new MAX S&P 500 4x Leveraged ETN positions in Q1 2026 and 4 closed out, a net change of +1 holder.
- The largest MAX S&P 500 4x Leveraged ETN buyer in Q1 2026 was Jane Street, an estimated $1.27M added.
- The largest MAX S&P 500 4x Leveraged ETN seller in Q1 2026 was Goldman Sachs, an estimated $415K sold.
Based on aggregated 13F filings for Q1 2026.