ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041
BDCZ
8 hedge funds and large institutions have $1.85M invested in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 1 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
57% more capital invested
Capital invested by funds: $1.18M → $1.85M (+$670K)
0% more funds holding
Funds holding: 8 → 8 (0)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$781K |
| 2 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$10.4K |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$996 |
| 4 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$382 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$81.4K |
| 2 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$32K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $792K | +$781K | +47,063 | New |
|
|
2
IMC Chicago
Chicago,
Illinois
| $619K | +$996 | +60 | +0.2% |
|
|
CW
3
CreativeOne Wealth
Overland Park,
Kansas
| $396K | +$382 | +23 | +0.1% |
|
4
Osaic Holdings
Scottsdale,
Arizona
| $15.1K | – | – | – |
|
|
GWM
5
Geneos Wealth Management
Englewood,
Colorado
| $14.6K | +$10.4K | +629 | +262% |
|
6
Morgan Stanley
New York
| $9.04K | – | – | – |
|
|
7
UBS Group
Zurich,
Switzerland
| $2.61K | -$81.4K | -4,904 | -97% |
|
8
Bank of America
Charlotte,
North Carolina
| $160 | – | – | – |
|
9
Wells Fargo
San Francisco,
California
| $15 | – | – | – |
|
|
ASN
10
Advisory Services Network
Atlanta,
Georgia
| – | -$32K | -1,871 | Closed |
|
BDCZ Hedge Fund Activity: Q4 2025 in Review
8 of the 8,232 institutional investors tracked by Wall St. Rank reported a position in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) for Q4 2025, worth a combined $1.85M — up 57% from $1.18M a quarter earlier.
Fund positioning in BDCZ was balanced in Q4 2025: 1 fund opened new positions, 1 closed out, 3 added to existing stakes and 1 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $781K. The largest seller was UBS Group, cutting an estimated $81.4K.
- 8 institutional investors held ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) as of Q4 2025, unchanged from Q3 2025.
- Funds reported $1.85M of ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 stock for Q4 2025, up 57% quarter-over-quarter.
- 1 fund opened new ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 positions in Q4 2025 and 1 closed out, a net change of 0 holders.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 buyer in Q4 2025 was Susquehanna International Group, an estimated $781K added.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 seller in Q4 2025 was UBS Group, an estimated $81.4K sold.
Based on aggregated 13F filings for Q4 2025.