Jane Street’s MicroSectors FANG & Innovation -3x Inverse Leveraged ETN BERZ Stock Holding History

Jane Street’s Portfolio BERZ Stock Details BERZ Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-1,284	Closed	-$91.7K	–	11123
2025 Q3	$91.7K	Buy	+1,284	New	+$124K	﹤0.01%	10173
2025 Q1	–	Sell	-938	Closed	-$251K	–	9430
2024 Q4	$251K	Buy	+938	New	+$277K	﹤0.01%	8033
2023 Q4	–	Sell	-74	Closed	-$111K	–	9180
2023 Q3	$111K	Buy	+74	New	+$103K	﹤0.01%	7909
2022 Q4	–	Sell	-65	Closed	-$577K	–	9135
2022 Q3	$577K	Buy	65 +26	+67%	+$160K	﹤0.01%	6422
2022 Q2	$328K	Sell	39 -30	-43%	-$202K	﹤0.01%	7465
2022 Q1	$281K	Buy	+69	New	+$346K	﹤0.01%	8501

Other funds holding BERZ

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

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

Jane Street's BERZ Position: Q4 2025 in Review

Jane Street sold out of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) in Q4 2025, closing a stake of 1,284 shares — an estimated $91.7K sold.

Jane Street first reported a position in BERZ in Q1 2022 and held it in 6 quarters. The position peaked at $577K in Q3 2022. 1 fund tracked by Wall St. Rank holds BERZ as of Q4 2025.

Jane Street reported no remaining MicroSectors FANG & Innovation -3x Inverse Leveraged ETN position as of Q4 2025 after selling out during the quarter.
Jane Street sold 1,284 MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares in Q4 2025, an estimated $91.7K.
Jane Street first reported a position in MicroSectors FANG & Innovation -3x Inverse Leveraged ETN in Q1 2022 and held it in 6 quarters.
Jane Street's MicroSectors FANG & Innovation -3x Inverse Leveraged ETN position peaked at $577K in Q3 2022.
1 fund tracked by Wall St. Rank held MicroSectors FANG & Innovation -3x Inverse Leveraged ETN as of Q4 2025.

Based on Jane Street's 13F filing for Q4 2025, filed 12 Feb 2026.