Security Snapshot

Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares (SPDN) Institutional Ownership

CUSIP: 25460E869

13F Institutional Holders and Ownership History from Q2 2017 to Q1 2026

Latest Period

Q4 2025

Institutions Reporting

46

Shares (Excl. Options)

10,594,663

Price

$9.43

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Type / Class
Equity / Direxion Daily S&P 500 Bear 1X Shares
Symbol
SPDN
Shares outstanding
24,035,282
Price per share
$9.95
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
10,594,663
Total reported value
$99,907,646
% of total 13F portfolios
0%
Share change
+3,257,210
Value change
+$30,390,191
Number of holders
46
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Quick Takeaways

  • SPDN - Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares is tracked under CUSIP 25460E869.
  • 46 institutions reported positions in Q4 2025.
  • 1 significant owner is listed from Schedule 13D/13G reporting.

What Changed

  • Holder count moved from 46 to 6 between Q4 2025 and Q1 2026.
  • Reported value moved from $99,907,646 to $17,038,707.

Why This Matters

  • You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
  • 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.

Source Evidence

Source: SEC Form 13F

Latest holder context comes from 46 institutions filings for Q4 2025.

Open SEC Evidence

Investment Quick Answers

What is CUSIP 25460E869?
CUSIP 25460E869 identifies SPDN - Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares in SEC 13F datasets.

Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.

Significant Owners of Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares (SPDN) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
LEUTHOLD GROUP, LLC 10% -44% $23,766,086 -$541,766 2,475,634 -2.2% LEUTHOLD GROUP, LLC 01 Dec 2025

As of 31 Dec 2025, 46 institutional investors reported holding 10,594,663 shares of Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares (SPDN). This represents 44% of the company’s total 24,035,282 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares (SPDN) together control 43% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Rockport Wealth LLC 12% 2,798,734 5.1% $26,392,056
LEUTHOLD GROUP, LLC 9.7% 2,340,534 +35% 2.4% $22,071,236
CITADEL ADVISORS LLC 5% 1,191,504 +33% 0.01% $11,235,883
ONE PLUS ONE WEALTH MANAGEMENT, LLC 4.3% 1,032,539 +24% 4.5% $9,736,843
NewEdge Advisors, LLC 2.1% 496,250 +763362% 0.02% $4,679,630
ENVESTNET ASSET MANAGEMENT INC 1.1% 259,401 -14% 0% $2,446,151
IMC-Chicago, LLC 1% 239,431 0.04% $2,257,834
Quadrature Capital Ltd 0.9% 215,757 +485% 0.02% $2,034,589
AXXCESS WEALTH MANAGEMENT, LLC 0.75% 180,665 -7.6% 0.03% $1,703,671
CHOREO, LLC 0.6% 145,304 +46% 0.02% $1,371,047
SHEPHERD KAPLAN KROCHUK, LLC 0.57% 138,165 -44% 1.1% $1,302,896
HARMONY ASSET MANAGEMENT LLC 0.54% 130,695 0.41% $1,232,457
Allred Capital Management, LLC 0.52% 124,769 0.43% $1,176,572
LPL Financial LLC 0.51% 122,244 +243% 0% $1,152,761
Cushing Capital Partners, LLC 0.51% 122,093 0.85% $1,151,334
SB Capital Management Inc 0.45% 109,330 0% 0.38% $1,030,981
Fortis Advisors, LLC 0.42% 101,779 +0.8% 0.53% $959,780
Maltin Wealth Management, Inc. 0.41% 99,466 +64% 0.37% $937,969
Tidal Investments LLC 0.41% 98,680 +0.48% 0% $930,552
Virtu Financial LLC 0.41% 97,579 +92% 0.04% $920,000
VERUS CAPITAL PARTNERS, LLC 0.27% 65,253 0.04% $615,335
SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.25% 59,374 +101% 0% $559,897
FLOW TRADERS U.S. LLC 0.2% 49,185 0.02% $464,000
4WEALTH ADVISORS, INC. 0.19% 44,669 0.36% $421,229
Resonant Capital Advisors, LLC 0.17% 40,145 +50% 0.02% $378,567

Institutional Holders of Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares (SPDN) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q1 1,712,432 $17,038,707 +$4,426,458 $9.95 6
2025 Q4 10,594,663 $99,907,646 +$30,390,191 $9.43 46
2025 Q3 7,228,222 $69,462,703 +$1,672,380 $9.61 42
2025 Q2 7,020,684 $72,326,441 -$42,128,263 $10.30 49
2025 Q1 10,721,778 $124,256,071 +$48,309,322 $11.59 61
2024 Q4 7,056,462 $77,779,417 -$17,100,369 $11.01 43
2024 Q3 7,390,036 $82,873,597 +$6,659,346 $11.20 36
2024 Q2 6,774,577 $79,782,671 +$3,414,367 $11.77 39
2024 Q1 6,470,256 $78,742,032 -$22,769,798 $12.17 39
2023 Q4 8,089,752 $107,514,629 -$2,780,278 $13.29 50
2023 Q3 8,135,494 $120,529,986 -$34,794,266 $14.84 47
2023 Q2 10,469,092 $149,403,613 -$115,069,538 $14.27 44
2023 Q1 16,890,318 $260,602,164 -$54,884,639 $15.49 41
2022 Q4 20,376,146 $333,946,973 +$95,029,656 $16.51 71
2022 Q3 13,518,450 $241,686,886 +$119,442,675 $17.88 66
2022 Q2 6,402,443 $109,091,000 -$1,220,493 $17.04 47
2022 Q1 6,858,924 $100,016,000 +$43,177,251 $14.55 47
2021 Q4 4,155,734 $58,390,000 +$6,320,934 $14.05 28
2021 Q3 3,694,829 $57,933,000 +$4,293,071 $15.68 25
2021 Q2 3,419,667 $54,096,000 +$8,474,150 $15.81 21
2021 Q1 2,875,199 $49,506,000 -$17,192,685 $17.21 24
2020 Q4 3,822,369 $70,406,000 +$8,120,656 $18.42 22
2020 Q3 2,032,551 $42,299,243 +$2,438,347 $20.81 22
2020 Q2 1,896,157 $43,325,000 +$31,784,189 $22.84 22
2020 Q1 494,166 $13,928,000 +$2,768,672 $28.18 16
2019 Q4 445,428 $10,883,000 +$10,143,652 $24.43 6
2019 Q3 29,603 $786,000 -$808,647 $26.67 5
2019 Q2 60,474 $1,633,000 +$584,762 $26.96 5
2019 Q1 37,825 $1,060,000 -$7,216,337 $28.03 4
2018 Q4 262,637 $8,362,979 +$3,351,126 $31.84 8
2018 Q3 157,419 $4,367,000 -$5,018,043 $27.74 4
2018 Q2 334,084 $9,920,000 -$10,455,865 $29.70 8
2018 Q1 675,194 $20,735,000 -$3,029,073 $30.71 8
2017 Q4 773,908 $23,689,000 +$1,732,949 $30.60 8
2017 Q3 717,294 $23,406,000 -$4,106,467 $32.64 7
2017 Q2 842,903 $28,625,000 +$28,625,000 $33.96 7