MAX S&P 500 4x Leveraged ETN
SPYU
11 hedge funds and large institutions have $6.81M invested in MAX S&P 500 4x Leveraged ETN in 2026 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 2 reducing their positions, and 6 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 2
4% less capital invested
Capital invested by funds: $7.12M → $6.81M (-$311K)
15% less funds holding
Funds holding: 13 → 11 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
+$509K |
| 2 |
GS
GTS Securities
Miami,
Florida
|
+$435K |
| 3 |
SG
StoneX Group
New York
|
+$255K |
| 4 |
Jane Street
New York
|
+$227K |
| 5 |
MFA
Millington Financial Advisors
Naperville,
Illinois
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.71M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$468K |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$271K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$259K |
| 5 |
TSS
Two Sigma Securities
New York
|
-$240K |
SPYU Hedge Fund Activity: Q2 2026 in Review
11 of the 8,344 institutional investors tracked by Wall St. Rank reported a position in MAX S&P 500 4x Leveraged ETN (SPYU) for Q2 2026, worth a combined $6.81M — down 4.4% from $7.12M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SPYU and 4 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 4 added.
The largest buyer was HRT Financial, opening a new position worth an estimated $509K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $1.71M sold.
- 11 institutional investors held MAX S&P 500 4x Leveraged ETN (SPYU) as of Q2 2026, down from 13 in Q1 2026.
- Funds reported $6.81M of MAX S&P 500 4x Leveraged ETN stock for Q2 2026, down 4.4% quarter-over-quarter.
- 4 funds opened new MAX S&P 500 4x Leveraged ETN positions in Q2 2026 and 6 closed out, a net change of -2 holders.
- The largest MAX S&P 500 4x Leveraged ETN buyer in Q2 2026 was HRT Financial, an estimated $509K added.
- The largest MAX S&P 500 4x Leveraged ETN seller in Q2 2026 was Susquehanna International Group, an estimated $1.71M sold.
Based on aggregated 13F filings for Q2 2026.