MicroSectors FANG & Innovation -3x Inverse Leveraged ETN
BERZ
3 hedge funds and large institutions have $215K invested in MicroSectors FANG & Innovation -3x Inverse Leveraged ETN in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, reducing their positions, and 3 closing their positions.
3% more capital invested
Capital invested by funds: $209K → $215K (+$5.94K)
0.26% less ownership
Funds ownership: 0.26% → 0% (-0.26%)
25% less funds holding
Funds holding: 4 → 3 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$124K |
| 2 |
TSS
Two Sigma Securities
New York
|
+$89K |
| 3 |
HF
HRT Financial
New York
|
+$21.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$129K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$6.36K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$6.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Jane Street
New York
| $91.7K | +$124K | +1,284 | New |
|
|
TSS
2
Two Sigma Securities
New York
| $65.6K | +$89K | +919 | New |
|
|
HF
3
HRT Financial
New York
| $58K | +$21.9K | +226 | +38% |
|
|
4
UBS Group
Zurich,
Switzerland
| $7 | -$6.3K | -65 | Closed |
|
|
5
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$129K | -1,124 | Closed |
|
|
TRCT
6
Tower Research Capital (TRC)
New York
| – | -$6.36K | -56 | Closed |
|
BERZ Hedge Fund Activity: Q3 2025 in Review
3 of the 7,622 institutional investors tracked by Wall St. Rank reported a position in MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) for Q3 2025, worth a combined $215K — up 2.8% from $209K a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BERZ and 2 opened new positions — a net loss of 1 holder — while 0 trimmed existing stakes and 1 added.
The largest buyer was Jane Street, opening a new position worth an estimated $124K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $129K sold.
- 3 institutional investors held MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) as of Q3 2025, down from 4 in Q2 2025.
- Funds reported $215K of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN stock for Q3 2025, up 2.8% quarter-over-quarter.
- 2 funds opened new MicroSectors FANG & Innovation -3x Inverse Leveraged ETN positions in Q3 2025 and 3 closed out, a net change of -1 holder.
- The largest MicroSectors FANG & Innovation -3x Inverse Leveraged ETN buyer in Q3 2025 was Jane Street, an estimated $124K added.
- The largest MicroSectors FANG & Innovation -3x Inverse Leveraged ETN seller in Q3 2025 was Susquehanna International Group, an estimated $129K sold.
Based on aggregated 13F filings for Q3 2025.