Max S&P 500 4X Leveraged ETNSPYUETF

13F holders, Q1 2025 (March 31)
13holders +1
7new positions
4sold out
$32.14avg. 13F price*

At the end of Q1 2025, 13 institutions reported holding Max S&P 500 4X Leveraged ETN (SPYU) in their 13F filings, up 1 from Q4 2024. 7 opened new positions and 4 sold out. The largest holders were Millington Financial Advisors, LLC ($764K), Susquehanna International Group, LLP ($516K) and Jane Street Group, LLC ($484K).

Company
Max S&P 500 4X Leveraged ETN
Filed as
BANK MONTREAL QUE (Q1 2025)
CUSIP
063679567
Latest filing quarter
Q2 2026

History

Number of 13F holders

051015 Q1 2024: 7Q1 2024Q2 2024: 8Q2 2024Q3 2024: 10Q3 2024Q4 2024: 12Q4 2024Q1 2025: 13Q1 2025Q2 2025: 12Q2 2025Q3 2025: 12Q3 2025Q4 2025: 12Q4 2025Q1 2026: 13Q1 2026Q2 2026: 11Q2 2026

Total Exit/New Position Q4 2024 → Q1 2025

InstitutionsTotal Value
New Positions7$2.0M
Exits4$12.9M

All 13F filers, Q4 2024 → Q1 2025: 65,396 shares bought and 328,443 shares sold, net −263,047 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 13 holders

Millington Financial Advisors, LLC 0.47% New 29,189 $764K
Susquehanna International Group, LLP 0.00% New 14,704 $516K
Jane Street Group, LLC 0.00% Reduce -74.7% 13,801 $484K
Goldman Sachs Group Inc. 0.00% New 7,104 $249K
XTX Topco Ltd 0.01% New 7,052 $247K
BXM Wealth LLC 0.26% Reduce -64.9% 6,200 $217K
Signaturefd, LLC 0.00% New 5,000 $175K
Toth Financial Advisory Corp. 0.01% Add +19.7% 2,579 $90K
Tower Research Capital LLC (TRC) 0.00% Add +191.0% 2,258 $79K
Cwm, LLC 0.00% New 395 $14K
Hollencrest Capital Management 0.00% Reduce -24.4% 282 $10K
Headlands Technologies LLC 0.00% New 45 $2K
Millstone Evans Group, LLC 0.00% No change 7 $245

"% of holder's portfolio" is SPYU's weight in each manager's 13F, not the share of Max S&P 500 4X Leveraged ETN the manager owns.