AdvisorShares Ranger Equity Bear ETF
HDGE
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.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
19% more funds holding
Funds holding: 16 → 19 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.35M |
| 2 |
LPL Financial
San Diego,
California
|
+$916K |
| 3 |
Jane Street
New York
|
+$476K |
| 4 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$446K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.77M |
| 2 |
IFG
Independent Financial Group
San Diego,
California
|
-$2.62M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.09M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$636K |
| 5 |
Vanguard Capital Wealth Advisors
Denver,
Colorado
|
-$471K |
HDGE Hedge Fund Activity: Q4 2025 in Review
19 of the 8,270 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.