SPXL Hedge Fund Ownership (Q1 2026)

Q: Is it too late to buy Direxion Shares ETF Trust (SPXL) following the 2026 Q2 hedge fund 13F filings?

As of today, SPXL has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), SPXL gained +10.6% vs +4.0% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Direxion Shares ETF Trust (SPXL)

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

Smart Money Signals — SPXL

Based on 140 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their SPXL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

📊

High ownership — 89% of 3.0Y peak

89% of all-time peak

140 funds currently hold this stock — 89% of the 3.0-year high of 157 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📶

Steady growth — +8% more funds vs a year ago

fund count last 6Q

+10 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟠

More sellers than buyers — 44% buying

68 buying87 selling

Last quarter: 87 funds reduced or exited vs 68 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

➡️

Steady new buyers — ~22 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 31 → 31 → 25 → 22. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 26% medium ■ 23% new

72 out of 140 hedge funds have held SPXL 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.

📊

Peak discovery — momentum slowing

23 → 31 → 31 → 25 → 22 new funds/Q

New funds entering each quarter: 31 → 31 → 25 → 22. SPXL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Veteran-anchored — 56% veterans vs 24% newcomers

■ 56% veterans ■ 19% 1-2yr ■ 24% new

Entry-cohort mix of 147 holders: 83 (56%) are 2+ year veterans, 28 entered 1–2 years ago, and 36 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds

13 of 137 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.

3.5

out of 10

Low Exit Risk

Exit risk score 3.5/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	140	157	-10.83%
13F Shares	7M	9M	-20.99%
Total Value	$1.31B	$2.00B	-34.36%
New Positions	22	25	-3
Increased Positions	43	44	-1
Closed Positions	39	17	+22
Reduced Positions	48	58	-10
Total Calls	5	5	-
Total Puts	4	3	33.33%
PUT/CALL Ratio	0.8	0.6	Neutral

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

140

157

-10.83%

13F Shares

-20.99%

Total Value

$1.31B

$2.00B

-34.36%

New Positions

-3

Increased Positions

-1

Closed Positions

+22

Reduced Positions

-10

Total Calls

Total Puts

33.33%

PUT/CALL Ratio

0.8

0.6

Neutral

Institutional Holders (2026 Q2)

140 + investors

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

QUARTER:

2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 SPXL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	PPSC Investment Service Corp	43.40%	2,541,295	$687.9M
2	Succession Financial, INC.	37.41%	145,356	$39.3M
3	Wealthstar Advisors, LLC	11.87%	150,441	$40.7M
4	Insight Wealth Partners, LLC	6.41%	176,249	$47.7M
5	Howard Capital Management, LLC	4.56%	1,414,301	$382.8M
6	Gainplan LLC	3.96%	37,148	$10.1M
7	Timothy G. Youngquist 2020 Irrevocable Trust	3.17%	19,634	$4.3M
8	PayPay Securities Corp	2.24%	339	$92K
9	Blue Sky Capital Consultants Group, Inc.	2.00%	17,274	$4.7M
10	PMV Capital Advisers, LLC	1.60%	3,934	$1.1M
11	Westwood Wealth Management	1.36%	17,335	$4.7M
12	CPR Investments Inc.	0.94%	4,507	$1.2M
13	SBI Securities Co., Ltd.	0.75%	121,374	$32.9M
14	Significant Wealth Partners LLC	0.74%	2,510	$679K
15	Wallace Advisory Group, LLC	0.71%	2,790	$755K
16	Traynor Capital Management, Inc.	0.61%	49,457	$13.4M
17	Mittelman Wealth Management	0.56%	3,107	$841K
18	Encompass More Asset Management	0.44%	11,227	$3.0M
19	Millington Financial Advisors, LLC	0.43%	4,108	$1.1M
20	Blueprint Financial Advisors LLC	0.42%	14,117	$3.8M
21	Gts Securities LLC	0.41%	71,086	$19.3M
22	Millennium Capital Advisors, LLC	0.36%	2,429	$658K
23	Sykon Capital LLC	0.33%	3,955	$1.1M
24	Blueprint Investment Partners LLC	0.33%	14,525	$3.9M
25	Kelly Financial Services LLC	0.32%	5,553	$1.5M

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 — Direxion Shares ETF Trust (SPXL)

What does the Smart Money Trend signal show for SPXL?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SPXL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for SPXL?

More sellers than buyers — 44% buying: Last quarter: 87 funds reduced or exited vs 68 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for SPXL holders?

Smaller funds dominant — 4% AUM from top-100: 13 of 137 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 SPXL?

51% of holders stayed for 2+ years: 72 out of 140 hedge funds have held SPXL 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.

Is it too late to buy Direxion Shares ETF Trust (SPXL) following the 2026 Q2 hedge fund 13F filings?

As of today, SPXL has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), SPXL has gained +10.6% vs +4.0% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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Direxion Shares ETF Trust (SPXL)

Smart Money Signals — SPXL

Selling streak — 1 quarter in a row

High ownership — 89% of 3.0Y peak

Steady growth — +8% more funds vs a year ago

More sellers than buyers — 44% buying

Steady new buyers — ~22 new funds per quarter

51% of holders stayed for 2+ years

Peak discovery — momentum slowing

Veteran-anchored — 56% veterans vs 24% newcomers

Smaller funds dominant — 4% AUM from top-100

Institutional Sentiment Summary — SPXL

Hedge Fund Ownership: SPXL

Market Analysis: SPXL

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SPXL

Is It Too Late to Buy Direxion Shares ETF Trust (SPXL) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: SPXL

Statistics: SPXL

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Direxion Shares ETF Trust (SPXL)

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