Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Direxion Shares ETF Trust (SPXS)

33 + Investors. Track Smart Money conviction in SPXS. 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
53%

Smart Money Signals — SPXS

Based on 35 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 SPXS 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.
🔻

Below peak — only 66% of 3.0Y high

66% of all-time peak
Only 35 funds hold SPXS today versus a peak of 53 funds at 2023 Q3 — just 66% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 31% fewer funds vs a year ago

fund count last 6Q
16 fewer hedge funds hold SPXS compared to a year ago (-31% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 53% buying

25 buying22 selling
Last quarter: 25 funds bought or added vs 22 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.
➡️

Steady new buyers — ~17 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 16 → 13 → 14 → 17. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 14% medium ■ 31% new
19 out of 35 hedge funds have held SPXS 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.
💎

Buying through price weakness — shares +34%, value -13%

Value
-12%
Shares
+34%
Last quarter: funds added +34% more shares while total portfolio value only changed -13%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~17 new funds/quarter

17 → 16 → 13 → 14 → 17 new funds/Q
New funds entering each quarter: 16 → 13 → 14 → 17. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 69% veterans vs 24% newcomers

■ 69% veterans ■ 7% 1-2yr ■ 24% new
Entry-cohort mix of 42 holders: 29 (69%) are 2+ year veterans, 3 entered 1–2 years ago, and 10 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds
7 of 34 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in SPXS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
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 — SPXS

In 2026 Q2, 25 hedge funds were net buyers of SPXS (17 opened a new position, 8 added to an existing one), while 22 reduced or exited (9 trimmed, 13 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 49% of total institutional value in SPXS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 35.

Hedge Fund Ownership: SPXS

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

Market Analysis: SPXS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPXS

-- --

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.

1 top-rated funds 1 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: SPXS
33 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 33 31 6.45%
13F Shares 8M 6M 34.06%
Total Value $213M $244M -12.88%
New Positions 16 14 +2
Increased Positions 7 6 +1
Closed Positions 13 17 -4
Reduced Positions 7 7 -
Total Calls 4 4 -
Total Puts 4 4 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: SPXS

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Institutional Holders (2026 Q2)

33 + investors

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

QUARTER:
Top 25 SPXS holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PayPay Securities Corp 3.13% 4,836 $128K
2 Lazari Capital Management, INC. 0.16% 19,300 $511K
3 DRW Securities, LLC 0.08% 127,060 $3.4M
4 Hamilton Wealth, LLC 0.06% 13,000 $344K
5 Two Sigma Securities, LLC 0.03% 14,288 $378K
6 SBI Securities Co., Ltd. 0.01% 24,762 $656K
7 XTX Topco Ltd 0.01% 42,843 $1.1M
8 StoneX Group Inc. 0.01% 7,751 $211K
9 Simplicity Wealth,LLC 0.01% 7,650 $203K
10 Susquehanna International Group, LLP 0.01% 2,558,500 $67.8M
11 Susquehanna International Group, LLP 0.00% 2,198,100 $58.2M
12 Citadel Advisors LLC 0.00% 848,980 $22.5M
13 Citadel Advisors LLC 0.00% 627,500 $16.6M
14 Westend Capital Management, LLC 0.00% 313 $8K
15 IMC-Chicago, LLC 0.00% 211,442 $5.6M
16 Jane Street Group, LLC 0.00% 478,250 $12.7M
17 BNP Paribas Financial Markets 0.00% 110,557 $2.9M
18 Lido Advisors, LLC 0.00% 13,188 $349K
19 Jane Street Group, LLC 0.00% 295,260 $7.8M
20 Susquehanna International Group, LLP 0.00% 215,881 $5.7M
21 Group One Trading LLC 0.00% 10,718 $284K
22 Ashton Thomas Private Wealth, LLC 0.00% 585 $15K
23 Goldman Sachs Group Inc 0.00% 117,348 $3.1M
24 Cherry Tree Wealth Management, LLC 0.00% 30 —
25 Belvedere Trading LLC 0.00% 4,802 $127K
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 (SPXS)

What does the Smart Money Trend signal show for SPXS?

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

Slight buying edge — 53% buying: Last quarter: 25 funds bought or added vs 22 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 SPXS holders?

Elite ownership — 49% AUM from top-100 funds: 7 of 34 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in SPXS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held SPXS?

54% of holders stayed for 2+ years: 19 out of 35 hedge funds have held SPXS 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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