MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038
FNGA
FNGA was delisted on the 14th of May, 2025.
23 hedge funds and large institutions have $58.2M invested in MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038 in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 12 closing their positions.
18% less funds holding
Funds holding: 28 → 23 (-5)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
40% less capital invested
Capital invested by funds: $96.9M → $58.2M (-$38.7M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$12.3M |
| 2 |
Morgan Stanley
New York
|
+$2.02M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$410K |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$368K |
| 5 |
IFG
Independent Financial Group
San Diego,
California
|
+$285K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$28.6M |
| 2 |
Goldman Sachs
New York
|
-$18.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$12.5M |
| 4 |
CWM
Centric Wealth Management
Chicago,
Illinois
|
-$7.43M |
| 5 |
JP Morgan Chase
New York
|
-$1.89M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1.5M | -10,000 | Closed |
|
|
TSS
27
Two Sigma Securities
New York
| – | -$980K | -6,527 | Closed |
|
|
TWM
28
Triton Wealth Management
Sun City,
Arizona
| – | -$659K | -4,105 | Closed |
|
|
SG
29
StoneX Group
New York
| – | -$598K | -3,982 | Closed |
|
|
HT
30
Headlands Technologies
Chicago,
Illinois
| – | -$55.4K | -369 | Closed |
|
|
HI
31
Harbour Investments
Madison,
Wisconsin
| – | -$27.8K | -185 | Closed |
|
32
Barclays
London,
United Kingdom
| – | -$18.8K | -125 | Closed |
|
|
NECFA
33
New England Capital Financial Advisors
Meriden,
Connecticut
| – | -$4.05K | -27 | Closed |
|
|
JWM
34
Janiczek Wealth Management
Denver,
Colorado
| – | -$1.65K | -11 | Closed |
|
|
S
35
SignatureFD
Atlanta,
Georgia
| – | -$1.05K | -7 | Closed |
|
FNGA Hedge Fund Activity: Q4 2023 in Review
23 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038 (FNGA) for Q4 2023, worth a combined $58.2M — down 40% from $96.9M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FNGA and 8 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was Jane Street, adding an estimated $12.3M. The largest seller was Citigroup, exiting entirely with an estimated $28.6M sold.
- 23 institutional investors held MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038 (FNGA) as of Q4 2023, down from 28 in Q3 2023.
- Funds reported $58.2M of MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038 stock for Q4 2023, down 40% quarter-over-quarter.
- 8 funds opened new MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038 positions in Q4 2023 and 12 closed out, a net change of -4 holders.
- The largest MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038 buyer in Q4 2023 was Jane Street, an estimated $12.3M added.
- The largest MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038 seller in Q4 2023 was Citigroup, an estimated $28.6M sold.
Based on aggregated 13F filings for Q4 2023.