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MAX Auto Industry -3x Inverse Leveraged ETN
CARD

1 hedge funds and large institutions have $102 invested in MAX Auto Industry -3x Inverse Leveraged ETN in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, increasing their positions, reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 1 | Existing positions closed: 1

100% less capital invested

Capital invested by funds: $36.3K → $102 (-$36.2K)

Holders
1
Holders Change
–
Holders Change %
0%
% of All Funds
0.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
–
Reduced
–
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$112

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$36.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$102 +$112 +38 New
Susquehanna International Group
2
Susquehanna International Group
Pennsylvania
– -$36.3K -13,098 Closed

CARD Hedge Fund Activity: Q4 2025 in Review

1 of the 8,229 institutional investors tracked by Wall St. Rank reported a position in MAX Auto Industry -3x Inverse Leveraged ETN (CARD) for Q4 2025, worth a combined $102 — down 100% from $36.3K a quarter earlier.

Fund positioning in CARD was balanced in Q4 2025: 1 fund opened new positions, 1 closed out, 0 added to existing stakes and 0 trimmed.

The largest buyer was UBS Group, opening a new position worth an estimated $112. The largest seller was Susquehanna International Group, exiting entirely with an estimated $36.3K sold.

  • 1 institutional investor held MAX Auto Industry -3x Inverse Leveraged ETN (CARD) as of Q4 2025, unchanged from Q3 2025.
  • Funds reported $102 of MAX Auto Industry -3x Inverse Leveraged ETN stock for Q4 2025, down 100% quarter-over-quarter.
  • 1 fund opened new MAX Auto Industry -3x Inverse Leveraged ETN positions in Q4 2025 and 1 closed out, a net change of 0 holders.
  • The largest MAX Auto Industry -3x Inverse Leveraged ETN buyer in Q4 2025 was UBS Group, an estimated $112 added.
  • The largest MAX Auto Industry -3x Inverse Leveraged ETN seller in Q4 2025 was Susquehanna International Group, an estimated $36.3K sold.

Based on aggregated 13F filings for Q4 2025.