Max S&P 500 4X Leveraged ETNSPYUETF

13F holders, Q2 2025 (June 30)
12holders −1
5new positions
6sold out
$44.42avg. 13F price*

At the end of Q2 2025, 12 institutions reported holding Max S&P 500 4X Leveraged ETN (SPYU) in their 13F filings, down 1 from Q1 2025. 5 opened new positions and 6 sold out. The largest holders were Millington Financial Advisors, LLC ($2.2M), Susquehanna International Group, LLP ($1.5M) and GTS Securities LLC ($848K).

Company
Max S&P 500 4X Leveraged ETN
Filed as
BANK MONTREAL QUE (Q2 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 Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions5$2.1M
Exits6$1.1M

All 13F filers, Q1 2025 → Q2 2025: 92,548 shares bought and 33,773 shares sold, net +58,775 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 12 holders

Millington Financial Advisors, LLC 1.10% Add +58.0% 46,130 $2.2M
Susquehanna International Group, LLP 0.00% Add +137.5% 34,919 $1.5M
GTS Securities LLC 0.04% New 19,581 $848K
HRT Financial LP 0.00% New 17,885 $772K
Goldman Sachs Group Inc. 0.00% Add +78.0% 12,649 $547K
Flow Traders U.S. LLC 0.02% New 9,719 $420K
Tower Research Capital LLC (TRC) 0.00% Add +61.3% 3,643 $157K
Toth Financial Advisory Corp. 0.01% Reduce -50.8% 1,270 $55K
UBS Group AG 0.00% New 769 $33K
Headlands Technologies LLC 0.00% Add +908.9% 454 $20K
Hollencrest Capital Management 0.00% Reduce -3.2% 273 $12K
Thurston, Springer, Miller, Herd & Titak, Inc. 0.00% New 99 $4K

"% 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.