Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Drxn Daily S&P500 Inverse ETF (SPDN)

46 + Investors. Track Smart Money conviction in SPDN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
1Q ▲
Buyers last Q
60%

Smart Money Signals — SPDN

Based on 45 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added SPDN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 76% of 3.0Y peak

76% of all-time peak
45 funds currently hold this stock — 76% of the 3.0-year high of 59 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +10% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 2 quarters from the low — a sharp move.
🟢

More buyers than sellers — 60% buying

31 buying21 selling
Last quarter: 31 funds were net buyers (13 opened a brand new position + 18 added to an existing one). Only 21 were sellers (12 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new SPDN position: 27 → 9 → 5 → 13. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 24% medium ■ 13% new
28 out of 45 hedge funds have held SPDN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
⚠️

Saturation — most institutions already know this story

14 → 27 → 9 → 5 → 13 new funds/Q
New funds entering each quarter: 27 → 9 → 5 → 13. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Deep conviction — 74% of holders stayed 2+ years

■ 74% veterans ■ 9% 1-2yr ■ 17% new
Of 46 current holders: 34 (74%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
6 of 45 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.1
out of 10
Low Exit Risk
Exit risk score 2.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — SPDN

In 2025 Q4, 31 hedge funds were net buyers of SPDN (13 opened a new position, 18 added to an existing one), while 21 reduced or exited (12 trimmed, 9 sold completely) — a 60% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 45.

Hedge Fund Ownership: SPDN

How many hedge funds hold SPDN — quarterly history vs. share price
Quarterly hedge fund ownership of SPDN vs. share price

Market Analysis: SPDN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPDN

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 1 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: SPDN
2026 Q1 Stats Unlock in 6 days 46 + Investors

Track Smart Money conviction in SPDN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 46 43 6.98%
13F Shares 11M 7M 43.02%
Total Value $99M $71M 40.35%
New Positions 13 5 +8
Increased Positions 19 19 -
Closed Positions 9 12 -3
Reduced Positions 13 22 -9
Total Calls 0 0 -
Total Puts 2 2 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SPDN

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

46 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SPDN. Verified SEC 13F-HR filings.

Top 25 institutional holders of SPDN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ONE PLUS ONE WEALTH MANAGEMENT, LLC 5.89% 1,403,480 $14.0M
2 Rockport Wealth LLC 5.26% 2,904,522 $28.9M
3 LEUTHOLD GROUP, LLC 3.26% 3,074,122 $30.6M
4 Cushing Capital Partners, LLC 1.17% 152,745 $1.5M
5 4WEALTH ADVISORS, INC. 0.71% 80,746 $826K
6 Maltin Wealth Management, Inc. 0.47% 124,238 $1.2M
7 Ascentis Independent Advisors 0.17% 223,814 $2.2M
8 A. D. Beadell Investment Counsel, Inc. 0.13% 20,000 —
9 HARMONY ASSET MANAGEMENT LLC 0.08% 26,707 $266K
10 Moors & Cabot, Inc. 0.07% 166,681 $1.7M
11 AXXCESS WEALTH MANAGEMENT, LLC 0.07% 219,645 $2.2M
12 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.06% 49,210 $490K
13 Lifeworks Advisors, LLC 0.03% 24,469 $243K
14 Resonant Capital Advisors, LLC 0.03% 51,477 $512K
15 CHOREO, LLC 0.02% 154,512 $1.5M
16 ASPIRIANT, LLC 0.01% 29,790 $296K
17 Belpointe Asset Management LLC 0.01% 20,110 $200K
18 Cornerstone Wealth Management, LLC 0.01% 11,000 $109K
19 HBK Sorce Advisory LLC 0.00% 20,000 $176K
20 IMC-Chicago, LLC 0.00% 974,315 $9.7M
21 ENVESTNET ASSET MANAGEMENT INC 0.00% 531,667 $5.3M
22 SBI Securities Co., Ltd. 0.00% 3,490 $35K
23 LPL Financial LLC 0.00% 245,591 $2.4M
24 Spire Wealth Management 0.00% 969 $10K
25 Steward Partners Investment Advisory, LLC 0.00% 5,149 $51K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Drxn Daily S&P500 Inverse ETF (SPDN)

What does the Smart Money Trend signal show for SPDN?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SPDN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for SPDN?

More buyers than sellers — 60% buying: Last quarter: 31 funds were net buyers (13 opened a brand new position + 18 added to an existing one). Only 21 were sellers (12 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SPDN holders?

Smaller funds dominant — 4% AUM from top-100: 6 of 45 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held SPDN?

62% of holders stayed for 2+ years: 28 out of 45 hedge funds have held SPDN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.