MicroSectors FANG & Innovation -3x Inverse Leveraged ETN
BERZ
1 hedge funds and large institutions have $100K invested in MicroSectors FANG & Innovation -3x Inverse Leveraged ETN in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 0 increasing their positions, reducing their positions, and 3 closing their positions.
54% less capital invested
Capital invested by funds: $215K → $100K (-$115K)
67% less funds holding
Funds holding: 3 → 1 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$91.7K |
| 2 |
TSS
Two Sigma Securities
New York
|
-$65.6K |
| 3 |
HF
HRT Financial
New York
|
-$58K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $100K | +$106K | +1,764 | New |
|
2
UBS Group
Zurich,
Switzerland
| $6 | – | – | – |
|
|
3
Jane Street
New York
| – | -$91.7K | -1,284 | Closed |
|
|
TSS
4
Two Sigma Securities
New York
| – | -$65.6K | -919 | Closed |
|
|
HF
5
HRT Financial
New York
| – | -$58K | -817 | Closed |
|
BERZ Hedge Fund Activity: Q4 2025 in Review
1 of the 8,232 institutional investors tracked by Wall St. Rank reported a position in MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) for Q4 2025, worth a combined $100K — down 54% from $215K a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BERZ and 1 opened new positions — a net loss of 2 holders — while 0 trimmed existing stakes and 0 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $106K. The largest seller was Jane Street, exiting entirely with an estimated $91.7K sold.
- 1 institutional investor held MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) as of Q4 2025, down from 3 in Q3 2025.
- Funds reported $100K of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN stock for Q4 2025, down 54% quarter-over-quarter.
- 1 fund opened new MicroSectors FANG & Innovation -3x Inverse Leveraged ETN positions in Q4 2025 and 3 closed out, a net change of -2 holders.
- The largest MicroSectors FANG & Innovation -3x Inverse Leveraged ETN buyer in Q4 2025 was Susquehanna International Group, an estimated $106K added.
- The largest MicroSectors FANG & Innovation -3x Inverse Leveraged ETN seller in Q4 2025 was Jane Street, an estimated $91.7K sold.
Based on aggregated 13F filings for Q4 2025.