Invesco DB Commodity Index Tracking Fund
210 hedge funds and large institutions have $503M invested in Invesco DB Commodity Index Tracking Fund in 2025 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 68 increasing their positions, 56 reducing their positions, and 14 closing their positions.
143% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 14
80% more call options, than puts
Call options by funds: $4.57M | Put options by funds: $2.54M
31% more capital inflows, than outflows
Capital inflows: $58.3M | Capital outflows: $44.4M
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
21% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 56
9% more funds holding
Funds holding: 192 → 210 (+18)
2.42% more ownership
Funds ownership: 38.69% → 41.11% (+2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$16.2M |
| 2 |
Jane Street
New York
|
+$7.54M |
| 3 |
IA
IFG Advisory
Atlanta,
Georgia
|
+$3.92M |
| 4 |
Man Group
London,
United Kingdom
|
+$3.83M |
| 5 |
LNWTC
Laird Norton Wetherby Trust Company
Seattle,
Washington
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HS
HighVista Strategies
Boston,
Massachusetts
|
-$8.61M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$6.92M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$5.4M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.74M |
| 5 |
Goldman Sachs
New York
|
-$3.58M |
DBC Hedge Fund Activity: Q4 2025 in Review
210 of the 8,287 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q4 2025, worth a combined $503M — up 2.1% from $492M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new DBC positions and 14 closed out — a net gain of 20 holders — while 68 added to existing stakes and 56 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $16.2M. The largest seller was HighVista Strategies, cutting an estimated $8.61M.
- 210 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q4 2025, up from 192 in Q3 2025.
- Funds reported $503M of Invesco DB Commodity Index Tracking Fund stock for Q4 2025, up 2.1% quarter-over-quarter.
- 34 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q4 2025 and 14 closed out, a net change of +20 holders.
- The largest Invesco DB Commodity Index Tracking Fund buyer in Q4 2025 was JP Morgan Chase, an estimated $16.2M added.
- The largest Invesco DB Commodity Index Tracking Fund seller in Q4 2025 was HighVista Strategies, an estimated $8.61M sold.
Based on aggregated 13F filings for Q4 2025.