Invesco DB Commodity Index Tracking Fund
191 hedge funds and large institutions have $492M invested in Invesco DB Commodity Index Tracking Fund in 2025 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 45 increasing their positions, 61 reducing their positions, and 18 closing their positions.
986% more call options, than puts
Call options by funds: $3.87M | Put options by funds: $356K
2% more capital invested
Capital invested by funds: $485M → $492M (+$7.68M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
6% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 18
1.37% less ownership
Funds ownership: 40.06% → 38.69% (-1.4%)
3% less funds holding
Funds holding: 196 → 191 (-5)
26% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lido Advisors
Los Angeles,
California
|
+$6.43M |
| 2 |
Man Group
London,
United Kingdom
|
+$5.69M |
| 3 |
Corient Private Wealth
Miami,
Florida
|
+$5.26M |
| 4 |
LPL Financial
San Diego,
California
|
+$3.61M |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
-$12.4M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.82M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$3.58M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.32M |
| 5 |
LMIM
Lockheed Martin Investment Management
Bethesda,
Maryland
|
-$1.85M |
DBC Hedge Fund Activity: Q3 2025 in Review
191 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q3 2025, worth a combined $492M — up 1.6% from $485M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of DBC and 17 opened new positions — a net loss of 1 holder — while 61 trimmed existing stakes and 45 added.
The largest buyer was Lido Advisors, adding an estimated $6.43M. The largest seller was Quadrature Capital, cutting an estimated $12.4M.
- 191 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q3 2025, down from 196 in Q2 2025.
- Funds reported $492M of Invesco DB Commodity Index Tracking Fund stock for Q3 2025, up 1.6% quarter-over-quarter.
- 17 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q3 2025 and 18 closed out, a net change of -1 holder.
- The largest Invesco DB Commodity Index Tracking Fund buyer in Q3 2025 was Lido Advisors, an estimated $6.43M added.
- The largest Invesco DB Commodity Index Tracking Fund seller in Q3 2025 was Quadrature Capital, an estimated $12.4M sold.
Based on aggregated 13F filings for Q3 2025.