Belvedere Trading’s Invesco DB US Dollar Index Bearish Fund UDN Stock Holding History

Belvedere Trading’s Portfolio UDN Stock Details UDN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-13,956	Closed	-$263K	–	1089
2025 Q3	$263K	Sell	13,956 -33,890	-71%	-$635K	﹤0.01%	411
2025 Q2	$905K	Sell	47,846 -4,378	-8%	-$80.3K	﹤0.01%	148
2025 Q1	$917K	Buy	+52,224	New	+$893K	﹤0.01%	136
2024 Q3	–	Sell	-4,438	Closed	-$79.4K	–	940
2024 Q2	$79.4K	Buy	+4,438	New	+$79.6K	﹤0.01%	460
2024 Q1	–	Sell	-8,900	Closed	-$164K	–	984
2023 Q4	$164K	Buy	+8,900	New	+$165K	﹤0.01%	380
2023 Q3	–	Sell	-2,569	Closed	-$48.4K	–	957
2023 Q2	$48.3K	Sell	2,569 -331	-11%	-$6.24K	﹤0.01%	553
2023 Q1	$54.4K	Buy	+2,900	New	+$53.9K	﹤0.01%	571

Other funds holding UDN

HighTower Advisors Chicago, Illinois $94.2B AUM 21.24% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

JFG

Jefferies Financial Group New York $14.6B AUM 40.95% 1-Year Est. Return

GFS Advisors Houston, Texas $785M AUM 27.95% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

LGM

L1 Global Manager Melbourne $149M AUM

AWAU

Alliance Wealth Advisors (Utah) Centerville, Utah $530M AUM 17.32% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

BBHC

Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return

Belvedere Trading's UDN Position: Q4 2025 in Review

Belvedere Trading sold out of Invesco DB US Dollar Index Bearish Fund (UDN) in Q4 2025, closing a stake of 13,956 shares — an estimated $263K sold.

Belvedere Trading first reported a position in UDN in Q1 2023 and held it in 7 quarters. The position peaked at $917K in Q1 2025. 33 funds tracked by Wall St. Rank hold UDN as of Q4 2025.

Belvedere Trading reported no remaining Invesco DB US Dollar Index Bearish Fund position as of Q4 2025 after selling out during the quarter.
Belvedere Trading sold 13,956 Invesco DB US Dollar Index Bearish Fund shares in Q4 2025, an estimated $263K.
Belvedere Trading first reported a position in Invesco DB US Dollar Index Bearish Fund in Q1 2023 and held it in 7 quarters.
Belvedere Trading's Invesco DB US Dollar Index Bearish Fund position peaked at $917K in Q1 2025.
33 funds tracked by Wall St. Rank held Invesco DB US Dollar Index Bearish Fund as of Q4 2025.

Based on Belvedere Trading's 13F filing for Q4 2025, filed 10 Feb 2026.