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AdvisorShares Ranger Equity Bear ETF

19 hedge funds and large institutions have $22.1M invested in AdvisorShares Ranger Equity Bear ETF in 2025 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

19% more funds holding

Funds holding: 1619 (+3)

8.99% less ownership

Funds ownership: 48.76%39.77% (-9%)

12% less capital invested

Capital invested by funds: $25.1M → $22.1M (-$3.09M)

17% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 6

Holders
19
Holders Change
+3
Holders Change %
+18.75%
% of All Funds
0.23%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
5
Reduced
6
Closed
3
Calls
$482K
Puts
Net Calls
+$482K
Net Calls Change
+$215K
Name Holding Trade Value Shares
Change
Change in
Stake
LPL Financial
1
LPL Financial
California
$7.87M +$916K +55,093 +13%
Morgan Stanley
2
Morgan Stanley
New York
$7.27M +$3.35M +201,249 +80%
VCWA
3
Vanguard Capital Wealth Advisors
Colorado
$1.49M -$471K -28,295 -23%
MML Investors Services
4
MML Investors Services
Massachusetts
$1.46M -$113K -6,803 -7%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$1.33M +$266K +16,014 +24%
Goldman Sachs
6
Goldman Sachs
New York
$641K
Jane Street
7
Jane Street
New York
$459K +$476K +28,631 New
National Bank of Canada
8
National Bank of Canada
Quebec, Canada
$430K +$446K +26,805 +17,870%
Citadel Advisors
9
Citadel Advisors
Florida
$350K +$363K +21,822 New
EFA
10
Englebert Financial Advisers
Pennsylvania
$216K +$225K +13,500 New
UBS Group
11
UBS Group
Switzerland
$185K -$2.77M -166,535 -94%
HF
12
HRT Financial
New York
$164K +$171K +10,274 New
Bank of Montreal
13
Bank of Montreal
Ontario, Canada
$155K -$103K -6,200 -39%
Simplex Trading
14
Simplex Trading
Illinois
$26.8K -$26.8K -1,609 -49%
FDCDDQ
15
Federation des caisses Desjardins du Quebec
Quebec, Canada
$6.44K
TRCT
16
Tower Research Capital (TRC)
New York
$2.67K +$2.73K +164 +5,467%
AWM
17
AE Wealth Management
Kansas
$2.37K +$2.46K +148 New
LGWM
18
Litman Gregory Wealth Management
California
$1.6K +$1.66K +100 New
Osaic Holdings
19
Osaic Holdings
Arizona
$736 -$2.09M -125,574 -100%
HNB
20
Huntington National Bank
Ohio
$3
IFG
21
Independent Financial Group
California
-$2.62M -160,105 Closed
Raymond James Financial
22
Raymond James Financial
Florida
-$636K -38,821 Closed
ASN
23
Advisory Services Network
Georgia
-$1.64K -100 Closed

HDGE Hedge Fund Activity: Q4 2025 in Review

19 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in AdvisorShares Ranger Equity Bear ETF (HDGE) for Q4 2025, worth a combined $22.1M — down 12% from $25.1M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new HDGE positions and 3 closed out — a net gain of 3 holders — while 5 added to existing stakes and 6 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.35M. The largest seller was UBS Group, cutting an estimated $2.77M.

  • 19 institutional investors held AdvisorShares Ranger Equity Bear ETF (HDGE) as of Q4 2025, up from 16 in Q3 2025.
  • Funds reported $22.1M of AdvisorShares Ranger Equity Bear ETF stock for Q4 2025, down 12% quarter-over-quarter.
  • 6 funds opened new AdvisorShares Ranger Equity Bear ETF positions in Q4 2025 and 3 closed out, a net change of +3 holders.
  • The largest AdvisorShares Ranger Equity Bear ETF buyer in Q4 2025 was Morgan Stanley, an estimated $3.35M added.
  • The largest AdvisorShares Ranger Equity Bear ETF seller in Q4 2025 was UBS Group, an estimated $2.77M sold.

Based on aggregated 13F filings for Q4 2025.