MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038
FNGD
10 hedge funds and large institutions have $2.3M invested in MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
9% less funds holding
Funds holding: 11 → 10 (-1)
13.32% less ownership
Funds ownership: 13.32% → 0% (-13%)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
56% less capital inflows, than outflows
Capital inflows: $936K | Capital outflows: $2.13M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
XTX Topco
George Town,
Cayman Islands
|
+$326K |
| 2 |
Jane Street
New York
|
+$235K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$81.1K |
| 4 |
Two Sigma Securities
New York
|
+$68.4K |
| 5 |
Belvedere Trading
Chicago,
Illinois
|
+$68.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$869K |
| 2 |
HRT Financial
New York
|
-$446K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$349K |
| 4 |
Flow Traders U.S.
New York
|
-$297K |
| 5 |
StoneX Group
New York
|
-$77.5K |
FNGD Hedge Fund Activity: Q4 2025 in Review
10 of the 8,303 institutional investors tracked by Wall St. Rank reported a position in MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 (FNGD) for Q4 2025, worth a combined $2.3M — down 32% from $3.41M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FNGD and 5 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 3 added.
The largest buyer was XTX Topco, opening a new position worth an estimated $326K. The largest seller was Renaissance Technologies, exiting entirely with an estimated $869K sold.
- 10 institutional investors held MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 (FNGD) as of Q4 2025, down from 11 in Q3 2025.
- Funds reported $2.3M of MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 stock for Q4 2025, down 32% quarter-over-quarter.
- 5 funds opened new MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 positions in Q4 2025 and 6 closed out, a net change of -1 holder.
- The largest MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 buyer in Q4 2025 was XTX Topco, an estimated $326K added.
- The largest MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 seller in Q4 2025 was Renaissance Technologies, an estimated $869K sold.
Based on aggregated 13F filings for Q4 2025.