MicroSectors FANG & Innovation 3x Leveraged ETN
BULZ
5 hedge funds and large institutions have $9.27M invested in MicroSectors FANG & Innovation 3x Leveraged ETN in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 3 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
22.81% less ownership
Funds ownership: 22.81% → 0% (-23%)
29% less funds holding
Funds holding: 7 → 5 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
73% less capital invested
Capital invested by funds: $34.2M → $9.27M (-$24.9M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$4.08M |
| 2 |
Renaissance Technologies
New York
|
+$889K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$142K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$67.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Avestar Capital
New York
|
-$30.6M |
| 2 |
HF
HRT Financial
New York
|
-$1.27M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$463K |
| 4 |
TSS
Two Sigma Securities
New York
|
-$101K |
BULZ Hedge Fund Activity: Q3 2025 in Review
5 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ) for Q3 2025, worth a combined $9.27M — down 73% from $34.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BULZ and 1 opened new positions — a net loss of 2 holders — while 1 trimmed existing stakes and 3 added.
The largest buyer was Citadel Advisors, adding an estimated $4.08M. The largest seller was Avestar Capital, exiting entirely with an estimated $30.6M sold.
- 5 institutional investors held MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ) as of Q3 2025, down from 7 in Q2 2025.
- Funds reported $9.27M of MicroSectors FANG & Innovation 3x Leveraged ETN stock for Q3 2025, down 73% quarter-over-quarter.
- 1 fund opened new MicroSectors FANG & Innovation 3x Leveraged ETN positions in Q3 2025 and 3 closed out, a net change of -2 holders.
- The largest MicroSectors FANG & Innovation 3x Leveraged ETN buyer in Q3 2025 was Citadel Advisors, an estimated $4.08M added.
- The largest MicroSectors FANG & Innovation 3x Leveraged ETN seller in Q3 2025 was Avestar Capital, an estimated $30.6M sold.
Based on aggregated 13F filings for Q3 2025.