Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (SPXL)

153 + 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
↑ +18
Streak
1Q ▲
Buyers last Q
55%

Smart Money Signals — SPXL

Based on 158 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added SPXL 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.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
158 hedge funds hold SPXL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +14% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

91 buying75 selling
Last quarter: 91 funds bought or added vs 75 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+23 vs last Q)

new funds entering per quarter
Funds opening a new SPXL position: 31 → 25 → 22 → 45. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 30% medium ■ 20% new
79 out of 158 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.
💰

Value +83% but shares only +25% — price-driven

Value
+82%
Shares
+24%
Last quarter: the total dollar value of institutional holdings rose +83%, but actual share count only changed +25%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

31 → 31 → 25 → 22 → 45 new funds/Q
New funds entering each quarter: 31 → 25 → 22 → 45. A growing number of institutions are discovering SPXL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 55% veterans vs 27% newcomers

■ 55% veterans ■ 18% 1-2yr ■ 27% new
Entry-cohort mix of 164 holders: 90 (55%) are 2+ year veterans, 29 entered 1–2 years ago, and 45 (27%) 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
12 of 156 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.

Institutional Sentiment Summary — SPXL

In 2026 Q2, 91 hedge funds were net buyers of SPXL (45 opened a new position, 46 added to an existing one), while 75 reduced or exited (48 trimmed, 27 sold completely) — a 55% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: +18 funds (more new holders than closures). Total institutional holders: 158.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 5 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
4.7
/ 10
conviction
Hedge Fund Positioning: SPXL
153 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 153 140 9.29%
13F Shares 9M 7M 24.0%
Total Value $2.38B $1.31B 81.76%
New Positions 45 22 +23
Increased Positions 43 43 -
Closed Positions 30 39 -9
Reduced Positions 46 48 -2
Total Calls 4 5 -20.0%
Total Puts 3 4 -25.0%
PUT/CALL Ratio 0.75 0.8 Neutral

Statistics: SPXL

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Institutional Holders (2026 Q2)

153 + 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 Q2 · 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 Revere Asset Management, Inc 1.45% 14,000 $3.8M
12 Westwood Wealth Management 1.36% 17,335 $4.7M
13 CPR Investments Inc. 0.94% 4,507 $1.2M
14 SBI Securities Co., Ltd. 0.75% 121,374 $32.9M
15 Significant Wealth Partners LLC 0.74% 2,510 $679K
16 Wallace Advisory Group, LLC 0.71% 2,790 $755K
17 Traynor Capital Management, Inc. 0.61% 49,457 $13.4M
18 Mittelman Wealth Management 0.56% 3,107 $841K
19 Encompass More Asset Management 0.44% 11,227 $3.0M
20 Millington Financial Advisors, LLC 0.43% 4,108 $1.1M
21 Blueprint Financial Advisors LLC 0.42% 14,117 $3.8M
22 Gts Securities LLC 0.41% 71,086 $19.3M
23 Millennium Capital Advisors, LLC 0.36% 2,429 $658K
24 Smith Chas P & Associates Pa Cpas 0.35% 25,256 $6.8M
25 Sykon Capital LLC 0.33% 3,955 $1.1M
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SPXL 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 SPXL?

Slight buying edge — 55% buying: Last quarter: 91 funds bought or added vs 75 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SPXL holders?

Smaller funds dominant — 4% AUM from top-100: 12 of 156 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?

50% of holders stayed for 2+ years: 79 out of 158 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.

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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