Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (SPXL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -17
Streak
1Q ▼
Buyers last Q
44%

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 — 5% AUM from top-100

5% from top-100 AUM funds
14 of 137 holders rank in the top 100 by AUM, but together hold only 5% 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.

Institutional Sentiment Summary — SPXL

In 2026 Q1, 68 hedge funds were net buyers of SPXL (22 opened a new position, 46 added to an existing one), while 87 reduced or exited (48 trimmed, 39 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -17 funds (more exits than new entries). Total institutional holders: 140.

Hedge Fund Ownership: SPXL

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

Market Analysis: SPXL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPXL

-- --

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

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

Signal Freshness measures how much SPXL has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
SPXL
+48.9%
SPY
+15.9%

SPXL outperformed SPY by +33.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
SPXL
+3.3%
SPY
+2.0%

Since the filing became public, SPXL outperformed SPY by +1.3% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 4 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
4.7
/ 10
conviction
Hedge Fund Positioning: SPXL
140 + Investors

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

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

Statistics: SPXL

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

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:
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 36.93% 2,532,812 $468.3M
2 Wealthstar Advisors, LLC 12.81% 147,742 $27.3M
3 PayPay Securities Corp 3.99% 500 $115K
4 Finward Bancorp 2.60% 17,600 $3.3M
5 Insight Wealth Partners, LLC 2.50% 96,589 $17.9M
6 Blue Sky Capital Consultants Group, Inc. 1.51% 17,099 $3.2M
7 Westwood Wealth Management 1.39% 19,210 $3.6M
8 Revere Asset Management, Inc 1.33% 14,000 $2.6M
9 PMV Capital Advisers, LLC 1.27% 4,076 $754K
10 SBI Securities Co., Ltd. 0.67% 132,311 $24.5M
11 Significant Wealth Partners LLC 0.56% 2,479 $458K
12 Wallace Advisory Group, LLC 0.53% 2,659 $492K
13 Traynor Capital Management, Inc. 0.48% 48,156 $8.2M
14 Millington Financial Advisors, LLC 0.42% 4,108 $1000K
15 Ramsey Quantitative Systems 0.38% 2,000 $370K
16 Mittelman Wealth Management 0.36% 3,122 $577K
17 BXM Wealth LLC 0.35% 2,492 $461K
18 Smith Chas P & Associates Pa Cpas 0.25% 25,256 $4.7M
19 CPR Investments Inc. 0.25% 1,992 $368K
20 Alternative Investment Advisors, LLC. 0.25% 3,044 $563K
21 Kelly Financial Services LLC 0.24% 5,323 $984K
22 Discipline Wealth Solutions, LLC 0.23% 11,869 $2.2M
23 Spire Wealth Management 0.23% 35,812 $6.6M
24 Flavin Financial Services, Inc. 0.22% 1,732 $320K
25 Excelsior Advisor Network LLC 0.19% 2,750 $508K
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 — 5% AUM from top-100: 14 of 137 holders rank in the top 100 by AUM, but together hold only 5% 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 Q1 hedge fund 13F filings?

As of today, SPXL has moved +3.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of +1.3%. Since the quarter end (March 31, 2026), SPXL has gained +48.9% vs +15.9% 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.

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.

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