AdvisorShares Active Bear ETF
HDGE
19 hedge funds and large institutions have $17M invested in AdvisorShares Active Bear ETF in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 5 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
0% more funds holding
Funds holding: 19 → 19 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
1.32% less ownership
Funds ownership: 38.63% → 37.3% (-1.3%)
24% less capital inflows, than outflows
Capital inflows: $5.06M | Capital outflows: $6.69M
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $827K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.76M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.47M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$794K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$408K |
| 5 |
Vanguard Capital Wealth Advisors
Denver,
Colorado
|
+$270K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Western Wealth Management
Golden,
Colorado
|
-$4.61M |
| 2 |
LPL Financial
San Diego,
California
|
-$1M |
| 3 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$750K |
| 4 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$157K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$97.7K |
HDGE Hedge Fund Activity: Q2 2025 in Review
19 of the 7,627 institutional investors tracked by Wall St. Rank reported a position in AdvisorShares Active Bear ETF (HDGE) for Q2 2025, worth a combined $17M — down 13% from $19.6M a quarter earlier.
Fund positioning in HDGE was balanced in Q2 2025: 5 funds opened new positions, 5 closed out, 8 added to existing stakes and 3 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.76M. The largest seller was Western Wealth Management, exiting entirely with an estimated $4.61M sold.
- 19 institutional investors held AdvisorShares Active Bear ETF (HDGE) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $17M of AdvisorShares Active Bear ETF stock for Q2 2025, down 13% quarter-over-quarter.
- 5 funds opened new AdvisorShares Active Bear ETF positions in Q2 2025 and 5 closed out, a net change of 0 holders.
- The largest AdvisorShares Active Bear ETF buyer in Q2 2025 was Morgan Stanley, an estimated $1.76M added.
- The largest AdvisorShares Active Bear ETF seller in Q2 2025 was Western Wealth Management, an estimated $4.61M sold.
Based on aggregated 13F filings for Q2 2025.