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SPYU

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
13
Holders Change
+1
Holders Change %
+8.33%
% of All Funds
0.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
5
Reduced
1
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$1.27M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.05M
3
IMC Chicago
IMC Chicago
Illinois
+$339K
4
TSS
Two Sigma Securities
New York
+$300K
5
Citadel Advisors
Citadel Advisors
Florida
+$182K

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$415K
2
MCM
Mainstay Capital Management
Michigan
-$259K
3
Osaic Holdings
Osaic Holdings
Arizona
-$5.81K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1K
5
HCM
Hollencrest Capital Management
California
-$522
Name Holding Trade Value Shares
Change 		Change in
Stake
MFA
1
Millington Financial Advisors
Illinois
$2.97M +$43.9K +1,683 +2%
Susquehanna International Group
2
Susquehanna International Group
Pennsylvania
$1.71M +$1.05M +40,241 +97%
Jane Street
3
Jane Street
New York
$1.01M +$1.27M +48,558 New
Citadel Advisors
4
Citadel Advisors
Florida
$468K +$182K +6,992 +45%
TRCT
5
Tower Research Capital (TRC)
New York
$298K +$160K +6,131 +75%
IMC Chicago
6
IMC Chicago
Illinois
$271K +$339K +13,010 New
TSS
7
Two Sigma Securities
New York
$240K +$300K +11,514 New
S
8
SignatureFD
Georgia
$52.1K +$65.2K +2,500 New
SSG
9
Summit Securities Group
New York
$41.7K +$52.2K +2,000 New
UBS Group
10
UBS Group
Switzerland
$25K +$10.6K +407 +51%
Fifth Third Bancorp
11
Fifth Third Bancorp
Ohio
$18.7K – – –
HCM
12
Hollencrest Capital Management
California
$8.88K -$522 -20 -4%
TFA
13
Toth Financial Advisory
Virginia
$3.33K – – –
Goldman Sachs
14
Goldman Sachs
New York
– -$415K -15,132 Closed
MCM
15
Mainstay Capital Management
Michigan
– -$259K -9,454 Closed
Osaic Holdings
16
Osaic Holdings
Arizona
– -$5.81K -212 Closed
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
– -$1K -40 Closed

SPYU Hedge Fund Activity: Q1 2026 in Review

13 of the 8,161 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.